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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 09, 1909
Page
2
American Smelting and Refining and Virginia Caroline Chemical shares show unexpected strength yet overall prices stay heavy at close. The sluggish reaction to a government crop report, blamed on uncertainty and prior high expectations, drags markets down.
Wall Street expected a favorable crop report and got it, but investors seemed unsure how to react. Trading mixed with minor gains and losses as brokers and customers debated whether the report would spur active market activity.
The United States Treasury actions and rising profits boosted investor interest as Wabash preferred weakened. Smeltera attracted strong attention with a 20 point gain while Guggenheim notes surfaced on improved earnings. Reports point to new public disclosure policies and upcoming quarterly summaries. A mill strike at Sleet Corporation influenced perceptions of Gary mill plans, with tin plate stocks buoyed by ample inventory. Missouri grain markets and Western Maryland bonds faced foreclosures news, as convertible bondholders moved to declare principal due.
A fragmented notice indicates stock market activity received by a bank trust and the New York exchange board. Details are unclear, but references to bankers and a financial board reference market oversight. Further readable fragments point to standard market reporting practices in the period.
New York July trading mixed with steady cash flow in hogs and sheep. Cattle and calves see prices steady with demand uncertain. corn oats and soybeans listed with bids and receipts noted.
Washington market listings show miscellaneous bonds and stocks including western rail bonds, electric and traction issues, national banks, savings institutions, and insurance stocks. Notable mentions include American Securities and Trane, Home Savings, Merchants and Mechanics Savings, and Columbia Insurance alongside several regional listings and transfer services.
A fragmented OCR listing prices and varieties for dairy meats fruits and vegetables in a Washington area market. Includes CHEESE DRAYLEY POLLING TURKEY and assorted produce items with per pound and per box figures, plus several misspelled descriptors and unclear labels.
The New York cotton market opened firm with gains as traders awaited weather updates and reports citing expected warmer, wetter conditions in Texas. Prices fluctuated as reports indicated improving US demand and rising futures for July and August contracts, while nervous trading kept scales volatile.
Department of Agriculture’s July 1 release shows wheat gains while corn area expands 1 percent. Winter wheat 89% of normal, spring 92, oats 88, barley 92, rye 91, with corn planted 109 million acres. Comparisons include ten year averages and harvest baselines across several states.
New York July report says Western Maryland Railroad committee clears the principal on 10 400 000 convertible bonds, paving fore sfogure work on the property as reorganizaton plans loom. The panel will meet again this week with no confirmation on a 22 assessment to be levied on stock.
New York grain market shows weakness in Southwest wheat amid dull receipts and limited export activity. Oats and yields cited with minor movements, while overall grain activity remains muted with nominal prices and steady receipts across markets.
The Interstate Commerce Board hears of new express firms forming near prohibition borders to move beer and liquor across states. Mississippi authorities cite operators delivering from out of state wagons, while Massachusetts and Connecticut firms use cross border offices to ship alcohol despite state laws. Similar schemes are reported in other states as companies file tariffs with the Commerce Commission to cover transport and delivery services.
The London market saw copper and iron ore fall with spot copper around 2, and futures around 2 24d. Local London market and regional quotes show prices easing on copper, lead, zinc, and zinc blends while iron and steel products edged lower amid dull trading conditions.
Fragment includes oil quotations and a city ledger with July dates and averages. Mentions Tol douly North Lema 88 gourd Teme Ard Indians and Pune 320951 with 7482 shipments and October figures. Context unclear due to OCR errors. records indicate stock and trade entries without clear events.
A Washington report notes the Chinese imperial government issued a decree ordering princes to offer prayers for rain as drought grips China this summer. The measure aims to bring beneficial showers to relieve farmers and revive crops, with the document just released in Washington.
A letter from Louis R Gemmett asks if Washington should teach baseball scoring as a defined game, proposing that bases reached in an inning be credited to runners rather than actual bases achieved. The idea, deemed insanity by some, requests congressional attention to stop such changes and to shield children from misinformation. The same issue is noted alongside a separate report of a tank explosion at the Southern Cotton Oil plant injuring two and causing extensive damage in Charlotte.
Pusburg Johnn Edward sacM ane a former bankkeeper at the defunct Enterprie National Bank was released from Western penitentiary a day early through executive clemency of former President Roosevelt after serving part of his sentence. MacMillan secured the clemency order, asserting the cashier T Lee Clark caused the bank's downfall by his act. Charles Menzemer, another bank employee, was also granted a shortened sentence via Roosevelt. Cook linked to the case as freedom next Tuesday.
A milkman found a murder suicide at 206 Wilkripool Street when George Engiend, 30, shot his four month old bride and then killed himself. Neighbors heard a quarrel and an infant’s cry linked to the scene. The infant had belonged to Mrs. Ens lands sister, who recently died.
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