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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 17, 1910
Page
2
In a weak trading session the dull market persisted as sales remained steady. Analysts note rising expectations the Bank of England will lift its discount rate soon, while grain futures pull back on RamIm Kansas ram reports and other market noise.
Special to The Washington Post from New York reports steel shares waver after a strong annual report and Gary plant gains. Analysts note profits taken on a prior rise, with professionals pressing stop orders and doubts about broader market impact amid tobacco and railroad case signals. Tobacco and Standard Oil declines noted. limited curb trading observed.
Fragmented OCR notes refer to stock activity at the Washington Stock Exchange and related markets. Mentions include trading at near unchanged levels, mixed receipts, and a subdued atmosphere after early declines. Reports of June to July activity, with references to CLColumbia Railway and other entities, lack clear dates or coherent figures.
Fragmented text shows a cotton market note with scattered names and places, mentioning New York, Boston, and possible traders. The readable parts are too garbled to extract concrete events, prices, or dates for a reliable summary.
Live stock prices across cattle calves hogs and sheep show steady to mixed trends with cattle futures and local deliveries noted. A Louisville and Nashville Railroad rebating case resulted in a 1000 dollar fine and ongoing legal actions while grain and freight rates reflect market volatility and regional demand.
Washington Stock Exchange yesterday saw Burying of Washington Railway and Electric underpin activity with about 200 shares traded at fractions to 80 percent, final at 80 percent. Mergenthialer moved with 106 shares from 216 to 218 percent, holders demanding 216 percent. Washington Gas and common dipped to 70 percent as bids and gossip swirled around bank and trust consolidations and possible CNB leadership changes.
New York reports United States Steel Corporation posts larger 1909 payrolls and salaries than 1908. Average employment across 21 companies reached about 195,500 in 1909, up from 165,212 in 1908, with total wages around 151 million dollars, reflecting a substantial revival in business activity through 1909.
The Maryland Tobacco Growers denounced commission men for denying growers a say in selling prices. They proposed expanding the association’s fund by £1000 to boost Maryland tobacco markets over the next five years. The meeting in Wallington, Maryland, urged stronger industry unity and market development.
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