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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 22, 1909
Page
2
Washington Stock Exchange and New York Grain report a market reaction at a new high level. Union Pacific and New York Central show strength near the close while recession concerns fade. Technical position cited as key factor by Crops Chief.
The market weighed 2% Delaware Lackawanna and Western Coal stock trades on the curb amid rumors of a 10 percent basis and potential contract cancellation by the Lackawanna railroad. Traders questioned market breadth as railroad control tensions surfaced, while Harriman affiliations and Union Pacific ties drew attention to cross-holdings and how sale proceeds might be used.
The New York stock market showed uneven moves with a recent rise and some days closing higher than prior levels. Highlights include shifting prices in staples and metals, with Treasury receipts and bond yields noted, and quotations for grains, meats, and farm products alongside oil and dollar values reflecting a cautious session.
The Washington market shows active cattle with strong demand for calves and good cattle trade. Hogs and sheep quote varied with steady to higher tone locally, while London and New York figures reflect cross market movement. Export demand and local receipts are noted, with cattle weights and price ranges mentioned for bulls cows steers and heifers.
A New York market bulletin shows Westinghouse Electric Manufacturing Company suing for 1909 earnings of 20 608 592 with costs and income details amid wheat and cotton notes. Police court cases include Parker declining to surrender milk punch for testing and a tangle over a rooster disturbance at a boarding house, with judge remarks and defendant cautions.
Policeman Harraver acted as sole guardian of the peace and filed a slander case against Edwin Crouch. Crouch described the matter as petty quarrel among locals. Judge Kimball ordered arrest with arrest to proceed and trial on the charge.
The article notes iron ore supply constraints and plant operations affecting steel production. It mentions Take Share Railroad, Eastern markets, and a large purchase rumor, with references to Lake Superior ore, Cuban ore, and iron and steel industry activity. An ice plant is planned for Snow Hill Maryland with a September 1 startup target.
Fairfax Harrison of Washington vice president of the Southern Railway Company was elected a director of the Virginia Carolina Chemical Company at its annual stockholders meeting, succeeding the late Joseph Bryan. The board was reelected with Tresidart S. Morgan reporting parent and subsidiary profits totaling 3.38 million and total sales of 44.842 million, up 8.144 million from the previous year.
Judge Whitam DeLacy of the juvenile court writes to Representative Samuel Smith outlining views on maintenance of wives. He argues the juvenile court should judge delinquent husbands, seeks concurrent jurisdiction with the District Supreme Court in pendency cases, and notes neglected wives have averaged $1000 in support.
Police court hears a tale of Dennis McInerney who attacked a officer with an antique pistol but is freed after offering to buy a new helmet and rubber collar. Hattie Nelson’s bulldog Hattie causes trouble as neighbors testify about canine protection. Detectives Mahen and Wat Ten describe Ransom Williams and John Newman as bad boys. F T Farley reports jewelry loss at 213 EE Street Southeast.
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