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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 24, 1909
Page
11
London copper prices show a minor net decline while U S markets see limited movement as tariff discussions influence trades. Investors note pressure on Union Pacific and New York Central with a cautious stance amid talks of a possible quota shift and lingering volatility in freight lines.
The Weakington Post reports from New York that Charles J. Schwab resents Cuban policy toward European steel. U S Steel and Bethlehem Steel react to labor disputes with Pittsburg mills resuming work. Stocks like Reading and Ontario and Western surge on favorable and mixed corporate actions. Amalgamated Copper declares a dividend while railroad finances shift as Chicago and Eastern rail bonds are clarified.
Currency and commodity notes span U S Treasury bonds Wheat Corn and Oats futures with bid receipts and dairy and meat prices. Details cover July listings, rail freight, ship cargo to Liverpool, market bids in Washington and regional price shifts for corn, wheat, cotton, and livestock Californium through Virginia listings.
London reports a major bank merger between Lonteeant Wart Company limited and another firm. The combined capital exceeds 10 million with more than 300 branches across Greater London and provinces. The deal, pending shareholder approval, is described as one of the era’s notable mercantile consolidations.
The metal market reports higher spot and futures for tin near 136 to 138 and copper advancing amid London prices around 59 pounds. Locally zinc and electrolyte casts shift higher while spelt and iron show gains, with Cleveland and Southern foundries cited. Visible cotton supply numbers show U S and British led levels, Egypt and India figures also noted.
In New York on July 2 the Atchison Topeka and Santa Fe convertible 4 percent bonds gained admission under a new exchange rule. The decision allows the unlisted issue to be recognized as full paid with the first installment paid, pending further guidance from the governing committee.
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