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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 22, 1909
Page
25
Washington Stock Exchange reports strong market momentum with gains near record highs. New York grain trends show price movements as Union Pacific and New York Central lead activity. Analysts note recession fears lingering but no marked market weakness. Technical position cited as steady with crops sector a factor.
Special to The Washington Post reports volatile trading in 2% Lackawanna Coal Co shares at 210 to 260 amid bets on a 10 per cent basis. Traders doubt broad market appeal as railroad ties ownership to coal, while Harriman schemes and Union Pacific ties complicate moves. Dividend questions linger across rail and industrial stocks as earnings news and conversions drive speculation.
The New York market showed early gains and a close that reflected price shifts across sectors. Active trading featured notable moves in industrials and metals as investors reassessed profits and futures amid cautious demand.
The page reports cattle activity with Chalee cattle and calves in demand, hogs and sheep pricing, and lamb market activity. It includes London market lift by ton, New York receipts, and various figures for steers and bulls. Also notes exports and grain freight movements with prices and ship statistics ahead of Buenos Ayres deal.
A New York filing shows Westinghouse Electric Manufacturing Co and affiliates reporting for year ending March 31 1909 gross earnings of 20 608 592 with shipments costs 19 933 08 total income 1 966 260 and earnings after expenses 221 167 727 amid related market data on wheat cotton and hogs in New York trading and prices July 21 1909.
In Twining City Policeman Harraver served as complainant against Edwin Crouch for slanderous words toward Isena Fora. Crouch claimed the matter was petty and not serious. Judge Kimball closed the case with a sa cr diem.
The report outlines ore procurement tensions at Lake Superior and East Coast plants, with unions pressing work stoppages and producers like Carnegie and others signaling capacity use near full. A new ice plant for Lower Eastern Shore, Snow Hill, Maryland, is planned for September 1, reflecting local industrial expansion.
Fairfax Harrison of Washington vice president of Southern Railway was elected a director of the Virginia-Carolina Chemical Company at the annual stockholders meeting, succeeding the late Joseph Bryan. The board was reshuffled with reelections, and Morgan announced parent and subsidiary profits for the year at $3,238, a number and sales totaling $44,842,227, exceeding the prior year’s sales by $8,144,287.
Judge Whitam DeLacy of the juvenile court writes Representative Samuel Smith advocating concurrent jurisdiction with the District Supreme Court for delinquency cases. He argues the juvenile court is best suited to judge delinquent husbands and notes neglected wives receive about $1000 on average, warning changes could jeopardize these incomes.
Police reports describe Dennis McInerney of 28 Third Street Northeast clashing with Policeman Ware of Moth precinct after a pistol incident. Dennis is said to have surrendered to a club blow and the case was dismissed after promises to buy a new helmet and rubber collar. Neighbors discuss Hattie Nelson the bulldog and a dog incident in court. Ransom Williams and John Newman identified as troublesome by detectives Mahen and Wat Ten. F T Farley reports jewelry loss at 213 E Street Southeast.
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