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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 25, 1910
Page
17
The Wabash railroad will issue notes as a stopgap measure this week marking the third large railway to resort to temporary financing. The move accompanies a sharp decline in the prices of Alls, Chalmers common and preferred shares, as the Bank of England notes a reserve strain.
A fragmented market list shows Virginia and Tennessee produce prices including butter and cheese options, poultry, vegetables, fruit, and dairy. Items like apples, pineapples, peppers, cucumbers, lettuce, radishes, onions, and eggs appear with assorted crate, bushel, and per pound pricing.
The Chicago grain scene shows gains in wheat and corn as traders react to weather signals in the Southwest and ongoing supply concerns. Provisions also firm, with mixed activity in oats and pork markets, while May deliveries show tentative strength before broad movements later in the day.
New York grain prices show wheat futures steady as autumn and spring contracts move toward September and December. Market chatter mentions early short covering and sympathy with corn trends. spot oats and sugar are quieter with limited trades and muted receipts.
Special to The Washington Post reports brokers discuss tariff ideas as Congress considers schedules, but sentiment remains academic with few buyers. April disbursements total about 580 thousand, versus prior years, and dividend payments top 520 thousand. Bank and bond market anxieties center on money movements from a bond sale and a looming April payments period.
The Washington Stock Exchange recorded a dull day with minimal trading as educators and speculators stayed away and many brokers left for the weekend. About 105 shares and a $500 bond changed hands, while the market generally held firm. Bank loans remained strong and demand was high for next week’s business. a likely setup is anticipated.
Atlanta March 24 Stockdell former general agent of the Phenix Fire Insurance Company of Ergotiyn headquartered in Atlanta was fully exonerated by Phenix officials of any wrongdoing after a 1907 settlement agreement following revelations about the home office affairs Stockdell had been removed from his position due to an alleged shortage and the settlement was reported as made in accordance with an agreed terms.
Special to The Washington Post from Clarksburg West Virginia reports a plat filed by the Baltimore and Ohio Railroad for a proposed extension from Lost Greek to West Milford. The road would be built next summer and will tap a vast coal field. It may extend to Darsisille tapping the Thompson and Barnes fields of thousands of acres.
Roanoke voters approved a 500000 bond for street improvements and schools. A separate 340000 bond for a new city hall and site was defeated by an 8 percent majority. Fire department and other公共 services saw majority support with 931 total votes recorded.
Market notes show firm to higher creamery and cheese prices with steady grain receipts. Poultry and sugar futures move modestly while cotton, oil, and potato sections indicate mixed trends and recurring price firmness in select items.
New York cotton futures opened steady and edged higher early on. Traders noted light selling pressure and a sluggish turn as afternoon activity cooled, with modest price gains seen in parts of the session before weather concerns and weak demand limited upside.
Ottawa reports Canada may approve a waterways treaty granting riparian owners on the Marty River in both countries the right to continued access. The accord would prevent interference with existing rights for landowners on the border watercourse pending final ratification.
Reports say the Pennsylvania Railroad aims to reach the Pacific coast via Santa Fe, uniting major systems from coast to coast. Pennsylvania begins stock purchases to influence Western road affairs, signaling a broad consolidation strategy observed by local market observers.
Estimates by cotton mill authors in the city foresee production curtailment of about 2 percent if prices fall further. About 2,300,000 to 1,000,000 spindles, or roughly 16 percent of the total, are idle now. Tremont and Suffolk Cotton Mills plan to halt 150 of 600 looms for an indefinite period, affecting all 300 workers.
Statement of the condition for Atlas Assurance Co Ltd shows assets including cash, real estate, stocks and baps at market value, premiums uncollected, and accrued interest. Liabilities include claims reserve and other liabilities with figures listed, along with agent notaries and local office details for Wolf & Cohen, 4700-206 14th St. NW, Washington DC.
Dull activity in cash markets for wheat corn and oats described with spot and contract terms. Mentions No 7 red hard red winter wheat signals and May and June deliveries plus rye oats and hay notes. Prices and terms are given in shorthand typical of market briefs from the era.
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