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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 22, 1909
Page
33
Washington Stock Exchange and New York Grain report a market rally to fresh highs with unions and leading rails like Union Pacific and New York Central holding near the close. Analysts note no recession signals, while crop conditions and technical positions remain key factors shaping trading sentiment.
Special to The Washington Post reports on July 4 with 2% Lackawanna stock trades at 210 to 260 amid rumors of a 10 percent basis. Traders doubt wide market access as railroad control could nullify coal contracts. Union Pacific and Harriman ties loom, with convertibles and stock moves signaling shifting investment strategies and dividend debates across railways and steel firms.
The New York market shows early gains and declines across sectors. Shipper shares strengthen while utilities and rails move unevenly, with some indicators signaling cautious optimism as investors weigh domestic demand and government policy signals.
Cattle and hog prices described with activity levels and bid ranges. Features include veal, calves, sheep, lambs, and goats with mixed demand. London and New York market references. prices per hundredweight and per pound. imports and exports amounts. and transportation notes affecting cattle and grain futures. Local market steady to higher with selective gains.
A chaotic trading day across major commodities sees Wheat futures retreat on profit taking and heavy selling by a prominent bull, while Cotton faces a volatile session with prices sliding then rebounding. Reports from New York detail weak spot prices for No 3 red wheat and varied cotton quotations as traders weigh crop prospects and market sentiment.
In Twining City, Policeman Harraver, city guardian, served as complainant against Edwin Crouch for slander. Crouch denied the charges, calling it a petty dispute among locals. Judge Kimball ordered arrest with due process.
Reports from Cleveland and Washington discuss ore supplies, plant operations, and layoffs affecting steel works, with citations to Carnegie Company, Lake Superior ore, and the impact on shipments. Notes on idle locomotives, purchase rumors, and a proposed ice plant for the Lower Eastern Shore. Historical context centers on production capacity and market tensions shaping industry outlook.
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. Board members were reelected. profits for the year reached 3.838 million dollars and sales totaled 44,842,227 dollars, surpassing the previous year by 8.144 million.
Judge Whitam DeLacy of the juvenile court endorses a system where the court sits in judgment on delinquent husbands. He writes to Representative Samuel Smith arguing for concurrent jurisdiction with the District Supreme Court in pendency cases. He notes neglected wives have averaged $1000 in support and warns potential changes could jeopardize these incomes.
A chaotic outburst near 28 Third Street Northeast ends with Dennis A McInerney contrite after a pistol faceoff with a patrolman. The officer’s club prevails, the suspect repents, and the case is dismissed. Hattie Nelson’s bulldog Hattie is described as a quiet but biting guard dog by neighbor Charlotte Dawney. Hatfield the canine protector is brought to court. it is allowed to depart after a promise to keep peace. Ransom Williams and John Newman labeled as troublesome by detectives Mahen and Wat Ten. F T Farley reports jewelry loss on E Street Southeast.
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