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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 25, 1910
Page
2
The report notes limited stock activity as the Wabash announces temporary financing this week and shares of Allis-Chalmers in both common and preferred classes show declines. Bank of England reserve levels fall while market movement remains weak with few substantial changes expected in the near term.
Special to The Washington Post from New York on March 4 notes traders view tariff discussions as academic amid weak interest. April disbursements run about 1680000, with large dividend payouts and heavy bank liquidity movements around April 1. Despite a higher reserve ratio than 1901, bond trading remains dull as bond offerings from railroads and city bonds sell slowly.
Washington stocks traded softly with only 45 shares changing hands as investors sought rest ahead of a long weekend. Traders noted the People’s Home Bank of Anacostia to open in three weeks and reported healthy bank demand despite a holiday, while quotes showed slight gains in some issues but overall market strength remained uncertain.
The New York market report shows butter firm while creamery inputs hold steady and oats and corn futures fluctuate. Prices for Western poultry remain steady with slight gains in other grain futures as traders weigh shipping, weather, and demand signals amid holiday adjustments.
Ottawa approves waterways treaty securing riparian rights on the St Marys River at the Soo in both nations. The agreement prevents interference with existing flows and access, signaling a cordial alignment between Mark-Canada and Washington on river navigation and shared interests.
Grain prices show wheat steady on distant weather cues and mixed corn and oats data. Reports indicate small shifts in futures due to harvest expectations, with receipts around 15 400 bushels and varying bid offers across contracts, reflecting cautious market sentiment.
Baltimore markets show dull activity in wheat with No 2 red futures around 112% per bushel and receipts near 428 bushels. Corn is barely changed with spot and March contracts listed, receipts totaling 2,?96 bushels. No 2 white and No 3 items appear in mixed lots. light demand for export and steamer shipments noted.
Stockdell former general agent of the Phenix Fire Insurance Company at Atlanta was fully exonerated by Phenix officials. He had been removed after alleged shortages amid home office scandals. He said the settlement with the company was based on an agreement made in 1907.
The Baltimore and Ohio Railroad filed a plat in the county clerk’s office showing a proposed extension from Lost Creek to West Milford in West Virginia. Construction is planned for the coming summer and will tap extensive coal deposits near Carvisville, connecting Thompson and Barnes fields spanning thousands of acres.
The Roanoke Virginia city election results show a $500,000 public improvement bond proposal defeated. Propositions included five street improvements, a city hall site costing $30,000 which failed by a 53 vote majority. Majorities supported schools, sewers, and the fire department, with total turnout noted as Yi.
The document presents liabilities and premiums, stating insurance figures and taxes for the year 1909. It lists amounts for premiums, expenses, and losses carried by Frank Lock as manager. Notary public ABBATY and agents Wolf & Cohen are noted with their Washington D C address.
The Pennsylvania Railroad plans to reach California via a Santa Fe alliance. It has begun buying Santa Fe stock to dominate Western operations and pursue an ocean to ocean tracking strategy. Local bond houses report the two companies could merge influence across routes.
Boston estimates indicate 7 000 spin dles halted within four months with 28 percent curtailment possible unless rotten price drops. About 2 500 000 to 3 000 spindles, 10 percent total, idle now. Tremont and Suffolk Mills in Lowell suspend 150 of 100 rooms for an unspecified period, affecting 70 of 3000 workers.
An OCR fragment lists loan offers with monthly interest amounts for different principal sums. Items include 1,000 for 85 monthly interest, 82,900 for 10 monthly interest, 33,000 for 15 monthly interest, 34,000 for 20 monthly interest, and 85,000 for 625 monthly interest. The text also mentions borrowers and a veiled note about automatic collateral on principal.
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