Market Slump Follows Washington Freight Rate News
The stock market weakened on reports from Washington of efforts to oppose freight rate hikes and on the Missouri River rate case decision. Prices for commodities and cotton fell as traders weighed potential policy shifts and bank liquidity amid cautious trading.
MENTIONED IN THIS ARTICLE
Washington
New York Cotton Market Sees Sharp Decline and Rally
Cotton futures in New York extended a daily decline with July contracts down 74 points from the prior close and 161 points below the month’s high. May offerings pressed by spot holders and Western selling sparked a midday drop. a last hour rally lacked bullish support. Prices opened lower, traded volatile through the day, and showed scattered buying to close mixed, with new crop futures also showing losses.
MENTIONED IN THIS ARTICLE
New York
Wo.t Northern
Opttom
Shorts
Werkness
Rithout
Transac Hana
London
Custom House
Cleveland Warlrants
Foundry
Northern
Southern
Wall Street Gossip on Rates and Market Outcomes
Special to The Washington 75x is a gloomy day but comfort comes from intercity railroads joining with Missouri rate case opponents. Cities west of the Mississippi seek to maintain old rates, opposing a commission order reducing Atlantic seaboard rates to Kansas City Omaha Denver and other points west of the Missouri. Canadian stocks look stronger than U S with Reading and Harriman firms posting earnings gains yet higher costs erode net. Energy shifts in steel listing talk and crop forecasts from cotton to grains stir market mood.
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Washington
New York
Chicago
St. Paul
Minneapolis
Atlantic Seaboard
Kansas City
Omaha
Denver
Missouri River
Mississippi
Canada
Montreal Stock Exchange
Supreme Court
Minnesota
Shelvin-Carpenter Company
Supreme Court of Minnesota
Oklahoma
Atchison, Topeka and Santa Fe Railway Company
Southern Kansas Railway
Kansas
Hanora
Indian Territory
Nebr
Omaha Water Works Company
Circuit Court of Appeals
Local Financial Notes Drift in Quiet Stock Market
Prices on local securities showed no improvement in yesterday’s Washington Stock Exchange session. Common and preferred rails traded in limited quantities with modest moves, while a few loan stocks posted small gains. Tariff changes beside regional bank openings and the B&O spring schedule update rounded out the day’s regional financial picture. The Lehighton Valley Railroad tariff shift and the Citizens Saving Bank’s fourth anniversary were noted with plans for a permanent home under consideration. The Anacostia Bank opens at 221 Nichols Avenue with new officers and directors. Train No. 78 will reach Washington by 6:45 AM, two hours earlier due to the new spring timetable.
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Washington Stock Exchange
Second National
Unit States Trust
District of
Citizens Saving Bank
Baltimore and Ohio Railroad Company
New York
Chicago
Washington
Allis Chalmers
Iowa
Kansa
Kansas City
Souther
Louis
Ite
Nashe
Ana Car and Foundry
Sng Oy Mackay
Ard Foundry Ptd
Minneapolis
St Lous
St. Ste
Kansas
Texas
American E Securities
Pacific Am
National Biscuit
Vox
York Central
York
Ontario
Worfolk and Western
Woalen
Anaconda
Pacifv Mall
Mining Co
Atchison
Pennsylvania
LAB
Atchison Pit Oe
People’s Gan Lory
Coast Line
Baltimore
Baltimore and Ohio
Pittsburg
Aia
Bethlehem Steel
Brooks
Tentral
Bear
Galveston— Central Leather Ptd
Tee Public Steel
Dull H
Entral Af
New Jersey
Republic Steel Ptd of
New Orleans
Chesapeake and Ohio
Island Co
Mobile
Chikaga and
Alten
Great Western
St Louis Southwestern
Aminal
Northwestern
St Louis
Wimington
Southern Pacific
Colorado
Southern Hallway
Norfolk
Cotorado
Southern
Pacific
Delaware
Hutson
Toledo
Penver
Rio Grande
St L
Union Pacific
Boston
UN Bistilierr Securities
WalUnited States
Mealty - Tata
Philadelphia
United States Rubber
Fort Townsend
United States Steel
THY
Houston
General Electric
Nited States Steel
Hays
Great Northern
Utah Copper
Augusta
Carolina Chemical
Clinais Central
Ariel
al Wabash
Wabash Pra Memphis
Pta
ASE
Interborough- Met
Louisville
W B Hibbs & Co
Norts
Great Brit
Tibbs Bulldog
New York Stock Hachange
France
A . Cantinent
Japan
Tradeca
Great Britain
Mexico
New York Stock Market Tuesday May 34 1610
An historical market note from New York on a Tuesday in May, 1610 references stock activity. The date appears inconsistent with the era but indicates a financial brief typical of early market reporting. No explicit prices, names, or transactions are given in the readable text.
MENTIONED IN THIS ARTICLE
Columbia
Baltimore Company Sells Bonds in $4 Million Issue
Announcement from Consolidated Gas Electric Light and Power Company states negotiations closed for $4,000,000 of three year general obligation notes secured by company bonds. Proceeds will refund $3,584,500 of 6 percent bonds due July 1 and fund other corporate purposes.
MENTIONED IN THIS ARTICLE
Baltimore Company
Baltimore
Consolidated Gas, Electric Light and Power Company
Old Consolidated Gas Company
Supreme Court reopens tax cases for reargument this term
The Supreme Court adjourned to October and restored the fifteen corporation tax cases to the docket for reargument before a full bench without a set date. The court may hear them in October. the tax remains payable by July 1, with potential refunds if ruled unconstitutional. Also affirmed damages against Standard Oil and aligned Maryland West Virginia boundary decisions, plus several other rulings on estates, alimony, and interstate commerce.
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MacVeagh
Washington
Standard Oil Company
Maryland-West Virginia
United States Supreme Court
Fuller
Brewer
Standard Oil
Supreme Court
Treasury
Brown
Court
Apwala
District of Columbia
Abraham Brown
Potomac River
Maryland
West Virginia
New York Produce Market Report May 31 Prices
New York market news shows firm receipts 13,090 for butter and creamery specials with varied pricing per pound. Cheese and eggs listing strong state and nearby sources, dressed poultry steady, flour Easter trade slight, pork beef and lard steady, and oils chemicals and sugar mixed with futures listed for July September and October futures.
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Virginia
West
Southwest Virginia
Tennessee
New York State
New Large
Florida
New York
Bnest
Pennsylvania
Hennery
Middle West
Muscarada
Rio
Santos
Bermuda
Southern
Strang
Uuthern
York Way
Hse Cattie
London
Chicago
The Metal Market and Supreme Court Actions
Pennsylvania and New York officials failed to press dismissal of Hoffstot's appeal over alleged bribery of Pittsburgh city councilmen. Hoffstot, a Pittsburgh bank president, fights removal for trial in New York. The piece also notes the Supreme Court's handling of the Savannah harbor scandal and the Panama libel suit, plus copper market activity in New York and London with prices and arrivals.
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Pennsylvania
New York
Supreme Court
Frank N. Hoffstot
Pittsburg
Pittsburgh
Circuit Court of the United States
Oberlin M. Carter
United States Army
Savannah
Panama
Press Publishing Company
City
Missouri
Toledo
Ohio
Lima
South
Nfiaga
Supreme Court cases and judgments from 1907
A 1907 summary notes Supreme Court actions including ruling that a state ban on foreign corporations engaging in U S court litigation was unconstitutional, Dozier’s interstate commerce rights for selling crayon portraits, Annie Kelly’s bankruptcy review denial, and a bar memorial for Justice Brewer with the Court adjournment to October 10.
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United States
Supreme Court
Pink Franklin
Valentine
South
United States Supreme Court
Supreme Court of Alabama
Alfred Dozer
Chicago
Dozier
Annie Kelly
Uling
Michael Burke
Circuit Court of Appeals
Seventh Circuit
Michiel Missnelly
Wickersham
Brewer
Fuller
Live Stock Markets Report and Penn Railroad Comptroller
New York markets show cattle and hog receipts with mixed moves while beef and veal hold steady. Philadelphia directors named M. R. Buning comptroller to replace the late Max Riebenack, with K. A. Stockton as deputy comptroller, both previously assistant comptrollers.
MENTIONED IN THIS ARTICLE
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Pennsylvania Rairoad
Max Riebenack
K. A. Stockton
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