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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 28, 1909
Page
33
Stock market notes a steel sector rally led by Republic Steel with group buying and a short covering surge. Copper and other industrials show mixed impact as market sentiment signals gradual improvement, with New York bond activity and general investor optimism noted amid cautious trading.
Special to The Washington Post New York July 2 Brokers report most commission houses are executing orders with strong business yet carry more customer stocks than months ago. Accounts remain well protected and investors expect higher prices later in summer. Union Pacific rose while analysts noted double par bids. Southern Railway earnings suggest ample balance after fixed charges.
The New York Stock Market report lists prices across many companies with notable activity in firms such as Amalgamated and United States Steel, reflecting a broad trading day. Investors watched sugar, rail and manufacturing shares while overall gains and losses varied among sectors.
The Washington Stock Exchange reports varied quotations across commodities and securities with prices listed for National Bank, Atlantic Metions Bank, and Virginia/Orenese stocks. Trading notes show activity in bonds, copper, wheat, oats, and livestock markets with mixed results and notable declines in certain grain futures.
Comptroller of the Currency Murray announces a Treasury plan to issue $1 and $5 notes in exchange for silver certificates to meet a rising demand for small currency. Banks with no $5 notes are urged to cooperate and place orders immediately, with about $24 million in $6 notes to be issued to replace larger denominations.
Senor Arosemena, Panama’s Washington minister, cites Panama’s slow judicial process as delaying punishment for Panamanian maltreatment of Americans. State Department officials warn of extreme measures if abuse continues. Marines may be used to safeguard American personnel during visits to Panama.
United States Steel reports quarterly earnings of 29,340,491 dollars, up 9,074,735 from last year. Dividend per share details show a 1 percent base plus increases across common stock, with net earnings of 32, - further notes on depreciation and reserves. The company cites improving business with monthly progress through May and June.
In Baltimore a brewing freight rate dispute draws Bijlman and Mane Taltwad to declare they will push rates in a bid to equalize charges. They pledge to confront the action of the rival firms and to meet forthcoming demands as talks proceed, signaling a potential overhaul of pricing structures.
The Philippine government plans a public improvement bond issue of about $100 million. Proceeds will fund deposits and public needs as redeemable bonds mature. The U S government will back the issue with a five million total burden, with two million already committed.
A petition for an injunction was filed by the Baltimore and Ohio Railroad today before Judge Dayton. The railroad asserts that the striking workers interfere with employees and damage company property while notices of mutiny have been served to strikers at Gatton.
A crowded catalog of property transfers shows multiple transfers of lots and parcels across streets and avenues. Names include Ulst Pleasart Chaies E Whvbigler Sarah AIG Lizabeth Br aping and many others with varied deed amounts and parcels between Third and End avenues as well as Northwest and Southwest blocks in multiple neighborhoods.
Deeds of trust and security notes listed for multiple properties in Quaref, Heights, Square 396, Chev Chase, Mount Pleasant and surrounding tracts. Names include Charles Znviner, Will iam Y Mirtan, Charles M Denman, Sherman Sumner, Fred Mehec, Reb a Reld, Carolyn Sug Cock, Elizabe h M Chenowith, John T Harris, China Law, Earl Beer, Katherine Beer, Wher ten Flester, Michael Colbert, Fulton R Gordon, Harry Wardman, and others. Amounts range from 10 to 700 dollars with terms from 5 to 60 months, many at 6 to 8 percent. Loans secure lots, squares, and blocks across several sections with references to original parcels and square numbers.
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