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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 02, 1910
Page
2
A chaotic financial recap notes weak opposition to concerted rate making and a broad Wall Street unease. The report highlights reduced buying in London houses, cautious buyers in New York, and widespread disquiet across major markets with rail earnings and industrial shares showing declines amid uncertain sentiment.
New York stocks and money markets show mixed results with Thal sales at 13 600 shares, Calf steady at 24 per cent, and ruling rates around 44 per cent. Time bills dull yet firmer, ninety day bills at 4 per cent, six months near 4 1/2 per cent, and prime mercantile paper at 4 1/2 per cent. Government bonds steady while road bonds remain weak as bankers’ bills and foreign exchange show weaker sterling and Mexican dollars at 42.
Copper and copper futures eased in London while New York copper shipments were reported. Copper spot prices in the U S held around 12.75 to 13.00, with electrolytic and casting grades quoted higher. Steel and gas bond notes were listed alongside cattle and hog markets in Toledo and Chicago, with modest gains for select beef and veal categories and steady hog pricing. The report also notes electrical utility stock activity and London market steadiness on June 1.
Brokers reported heavy orders yet restricted trading as holders asked for higher prices for stocks and bonds. Washington Railway and Electric preferred fell from 8 to 84 while common dropped to 34, with a general market strength noted in steel and several railroads. Dividends were declared by major firms, earnings rose for several lines, and new corporate cotton ventures appeared amid a broad market backdrop.
New York market notes show firm butter and eggs receipts with steady prices, steady flour and pork, and mixed grain markets. Wheat futures rose on cash demand and firmer Liverpool trends, with open high low close quotes across July to December contracts and mixed corn and livestock movements in New York trading.
Baltimore markets show steady trends across commodities with corn at 6244, oats steady at 401048, and mixed prices at 44. RYF quiet for No 2 Western dumantie, 9 83-rR noted. Steadiness suggests stable demand in early June trading.
Notice that Merender Smith of the District of Columbia has letters testamentary from the Probate Court. All persons with claims against the deceased must present vouchers authenticated to the subscriber by May 20, 1911 or be excluded from benefits. Given May 22, 1910 under James Tanner Bralser of Wills and Clerk of the Probate Court.
Special to The Washington Post New York June 1 reports a steady London bid and strong foreign buying offsetting local sales in St Paul and Rock Island. Traders focus on Missouri River rate cases and wage-boosted earnings, with Reading and Atchison granting wage hikes while rails face higher costs.
Cleveland Ohio June 1 The second day of the trial of Chief of Police Fred Kehler faced the defense as the star witness, a woman, testified she once saw him drinking wine in a disorderly house The next witness, Patrick J Brown, a former policeman, said Kohler refused to listen when his automobile was stolen and had him removed He had bet on Kohler’s fate and offered to “get Kohler” in January Witnesses testified to intoxication on several occasions but the evidence was conflicting and some cases led to contradictions
A mixed price sheet shows weekly market firmness with poultry easing and vegetable receipts rising. Itemized bids cover eggs, butter, cheese, poultry, and vegetables including potatoes onions cabbage cucumbers tomatoes and more, noting varying grades and units across regional suppliers.
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