California Decision Factor Spurs Rally in Southern Pacific
New York stock market activity shows a mixed session as bear presses ease. Southern Pacific rose sharply on expectations that a dissolution plan could fail if California authorities upend track use rules, while copper and bond sectors weakened amid drifting speculation and overall selling pressure.
Boston Closing Prices Mixed Across Commodities and Stocks
The Boston market report shows varied closes across copper, coal and mining stocks with mixed copper names trading near 14.05 to 14.30 while other listings note volumes and prices for grains vegetables and meats. Agricultural notes list spring chickens, turkeys and vegetables with fruit prices including oranges and apples, alongside meat figures for pork and lambs.
MENTIONED IN THIS ARTICLE
Norfolk
Florida
Fintida
Bethouse
Florida Okra
Florida Tomeataes
Seni G
Nw Wits
California Oranges
Florida Oranges
Wheat and Corn Prices Persist in Narrow Range on Feb 25
New York reports slight gains in futures as foreign crop news and West weather calm markets. Spot corn and barley steady with export bids quoted. The Post promotes inauguration novelty coupons for Japanese whistling novelties available on the Children’s Page.
MENTIONED IN THIS ARTICLE
New York
Mortttern
Duluth
Daily Cotton Market Report from Jon Baltimore
The sheet notes mixed commodity activity on February 25 with prices for corn oats poultry and livestock. Cotton and grain futures show varied texture with quiet demand and several price ranges across eastern midwestern and western markets. Cattle hogs calves and sheep receipts are reported for Chicago New York and regional markets with broadly steady to firm trends and specific per-head price bands.
MENTIONED IN THIS ARTICLE
Baltimore
Kent
Maryland
Pennsylvania
Western
West Virginia
Southern
Chicago
Reeves
New York
Money Market and Rates Report from New York
New York money market notes steady with call rate near 3 1/2 percent and 3 percent ruling. Time loans shown easier at 60 and 90 days around 4 1/4 percent. six months at 4 1/4 percent. Sterling steady at 4.8525 for bankers’ bills on 60 day, 4.8760 for demand. Bar silver quoted at 60 cents, Mexican dollars 48 cents. government bonds and railroad bonds noted. wheat receipts and wheat and flour clearances listed for Chicago trade.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Piper
Sterling Exchange
Honda
Wall Street Gossips on Bond Sales and Virginia Power
New York markets report a rise in bond trading year over year with last weeks totals at 11.56 million versus 24 million in 1909. American common sits near 97 8, while Virginia Railway and Power shows improved earnings and a projected common stock dividend hike as depreciation and future investments shape a stronger fiscal year. Ohio Public Service Commission authorizes Big Four Railroad to issue 60,000 of 4 percent bonds to fund debt repayment, upgrades, and rolling stock.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Virgina Railway and Power Company
Virginia Railway and Power
Ohio Public Service Commission
Big Four Railroad
Apathy Dominates Washington Stock Exchange Session
Local financial issues showed fair support but no standout activity as apathy persisted in the Washington Stock Exchange. Mergenthaler and Lanston shares moved slightly higher while closing bids drifted lower. utility and railway stocks attracted little interest with few trades. United States Trust fell two points to 138, and Union Trust held around 136 as a single sale occurred at 136 1 2. Norfolk and Washington Steamboat traded in small lots near 2 and 20 7 8, with Federal National Bank at 128 sold after call.
MENTIONED IN THIS ARTICLE
Washington Railway and Electric
Capital Traction
Washington Railway and Electric Preferred
Washington Gas
Norfolk and Washington Steamboat
Mergenthaler Linotype
Lanston Monotype
Alex
Moutier
Life
Potomac Electric Con. Mort
Potomac Electric
Col
Teper Co
Nortel and Wash
Stuibt
Riggs Realty
Ong
Capital Traction Co
Railway and Electric
Aigase
Norfolk and Wash
Georgetown Gas
Eastern Light and Fuel Co
American Tel
Telegm
Ag Lansten
Mergerthaler Linotype
Awerivan Ee
Anita
Washington
Trust Company Sours
American Security Ang Tru
Fernal Savings and Trust
Washington Loan and Trust
Cortel
Lad Savings Cini Stoc
Home Savings
Union Davines
Commerce and Savini
East Washington Savings
Artingtm
Corraraga Ata An
Brankiin
National Union
Washington Stock Exchange
Mergenthaler
Lanston
United States Trust
Union Trust
Norfolk
Federal National Bank
Washington “Railway and Electric
Farmers and Mechanics Bank to elect Brown successor
At the regular meeting the Farmers and Mechanics National Bank will elect a new president. William King, acting president during S Thomas Brown’s illness, is favored for nomination. King has served twelve years with the bank and was promoted from second vice president to first vice president last January.
MENTIONED IN THIS ARTICLE
Farmers and’ Mechanics’ National Bank
S. Thomas Brown
Brown
Wiliam King
King
Dissolution Plan Hints at Setback in Ruling
New York Feb 25 Julius Kruttschnitt chairman of Southern Pacific warned the Union Pacific Southern Pacific dissolution plan would fail if the California railroad commission decision is upheld by the circuit court at St Louis The ruling requires equal use of terminal facilities and industry tracks by competing lines and challenges the plan. Wickersham says the California decision is local and will not alter the federal dissolution plan now before the circuit judges Open competition between Union Pacific and Southern Pacific is the only term the commission will approve in line with the Supreme Court ruling.
MENTIONED IN THIS ARTICLE
New York
Httle
Pac Amalgamated
Steel
St. Paul
Hrtegon
California
Southern Pacific
Harriman
Union Passi
Julius Kruttschnitt
Southern Pacific Company
Union Pacific- Southern Pacific
California State Railroad Commission
Central Pacific
St.Louis
Kruttschnitt
Union F Pacific
Union Pacific
Wickersham
St. Louis
California Railroad Commission
Union Pacific Railway
Benicia
Oakland
Cal
Sacramento
San Francisco
United States Supreme Court
Hnk
Western Pacific
The
Railroad Commission
Western Pacific Railroad Company
Kuhn, Loeb & Co
Supreme Court
Arson conviction hits broker in insurance fraud case
New York held a jury verdict convicting George G. Grutz, an insurance broker, of arson in the second degree amid a wider case known as the arson trust. Justice Goff set sentencing for Friday when Grutz and Robert J. Rubin, an insurance adjuster convicted last week, face up to 25 years. Izzy the Painter Isidore Stein linked to the plot confessed triggering heavy losses to insurers through fraudulent policies.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
George G. Grutz
Goff
Grutz
Robert J. Rubin
Rubin
Isidore Stein
Sing Sing
Izzy
New York Produce Prices and Market Receipts Report
New York market notes list firm receipts across products. Cheese eggs and poultry prices shift modestly with steady to firmer trends. grains and oils show quiet to steady movement. Philadelphia and other city prices mirror stabilization, while miscellaneous commodities include potatoes, peanuts, and sugar with small variances.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
State
Penney Vania
Hennery
Rio
Santos
Malta
Virginia
Bond issue ruling blocks Baltimore and Ohio securities plan
Baltimore circuit court ruled the Baltimore and Ohio Railroad may not issue its 62.5 million dollars of securities without public service commission approval. Judge Gorter said the commission cannot override the railroad board on wisdom or price, only prevent fictitious or dishonest bonds. Willard appeared for the railroad urging haste as shareholder subscriptions run to March 3. The commission took the matter under advisement.
MENTIONED IN THIS ARTICLE
Baltimore
Circuit Court of
Baltimore and Ohio Railroad Company
State Public Service Commission
Gorter
Willard
Baltimore and Ohio
Public Service Commission
Graft Collector Paid for Shea Bribes in 30 Places
New York February 25. District Attorney Whitman obtained a confession from Ashley Shea former poolroom keeper indicted for bribery. Shea said he paid $50 weekly for protection, acted as graft agent and collector for eighteen months reporting to Sergt. Peter Duffy and to Dennis Sweeney in command of the district. He named about 30 places and turned the money over to Duffy. The revelations aim to aid new indictments against Sweeney.
MENTIONED IN THIS ARTICLE
New York
Whitman
Ashley Shea
Shea
Dennis Sweeney
Sergt
Peter Duffy
Sweeney
Duffy
Sues for Cutlery Duties in New York Firm Case
The United States sues Adolph Kastor & Bros. to recover 184,830 in duties on cutlery imports from Germany for irregular entries between January 7, 1909, and April 17, 1911. A Wilkie report cites a New York firm as a major source of undervaluations, with broader frauds dating back to 1885.
MENTIONED IN THIS ARTICLE
New York
United States
Adolph Kastor & Bros
Germany
John E. Wilkie
Secret Service
Wise
Clemency Granted for Gerbracht in Sugar Fraud Case
President Taft commuted Ernest W. Gerbracht’s two year term for New York sugar customs frauds to 30 days in jail and remitted a $5,000 fine. The reduction follows Gerbracht’s substantial cooperation with government sugar fraud investigations over the past year.
MENTIONED IN THIS ARTICLE
Ernest W. Gerbracht
New York
Taft
Gerbracht
May bar crime films Alexandria councilman draws measure
Alexandria council considers an ordinance barring motion pictures showing crime. Councilman Birrell, advised by Police Justice Caton after questioning local youths, proposed the measure which was referred to the general laws committee. Other items include street improvements, a dock filling project, a salary increase for the city gas superintendent, and a request by Armour & Co for calf slaughter at the plant. Burial for George C. Wilkins held at Bethel Cemetery. Alexander native William A. Merchant named president of the National Bank of Cuba. Virginia Light Infantry to join inaugural parade. Charter issued for a Washington DC bank in Charleston West Virginia with $100,000 capital. Battleship Arkansas moves to New York after repairs at Hampton Roads.
MENTIONED IN THIS ARTICLE
Alexandria
Lshington
King Street
Birrell
Committee On General Laws
Council
Caton
W. A. Smoot & Co., Inc
F. W. Latham
Committee On Finance and Light
Armour & Co
Committee On Health and General
Jawa
Holland? Interlocking bank directorates and Converse career
New York, Feb. profile of Edmund C. Converse traces a rise from manufacturing to banking. It covers his role in United States Steel, Bankers Trust, Guaranty Trust, Liberty National, Union Trust, and his stance on interlocking directorates amid Pujo inquiries. Notes his Connecticut farm venture and plans to improve New England farming.
MENTIONED IN THIS ARTICLE
New York
Edmund C. Converse
Converse
United States Steel Corporation
New England
James C. Converse
Boston
Mr. Converse
National
United States Steel
Steel Corporation
Pipe and
Lfe
New York City
Bankers’ Trust
Fifth Avenues
Guaranty Trust Company
Liberty National Bank
Union Trust of
Pittsburgsh
United States
Samuel Untermyer
Pujo
Mr. Untermyer
Gaaranty Trust
Connecticut
Holland
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