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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 30, 1910
Page
2
Sparse coverage notes national shock at Justice Brewer's death while market updates show stock rises and bond weakness, with gold trends near term. The piece hints at a broad impact on politics, finance, and social sentiment during a period of economic tension.
The March 9 1910 New York Stock Market page shows broad activity across rails mining and industrials with Amalgamated Copper American Can and United States Steel among lead names. Major bond offerings and utility issues appear mixed while wheat notes and treasury movements hint at drought influenced trading. The report lists prices closes and notable percentages across dozens of securities and references exchanges in New York and Washington.
Fragmented OCR summary notes stock prices and commodities with scattered figures for wheat flour poultry pork and potatoes. Mentions New York star rates and various commodity terms, but content is garbled with many unclear terms and broken lines.
A Panama Railroad Co board meeting in Washington rejected all coal bids for the railroad and steamers on the New York to Colon route. Officials cited inflated bids and possible combinations, directing fresh proposals. The company reserves the right to buy coal by private contract, and authorization was given to secure next month’s supply at 230 dollars per ton.
The New York market reports steady to firmer tones with mixed futures and cash tone. Prices for cotton, grains, and livestock show activity amid unsettled weather and drought concerns in the Southwest, with late-day gains offset by morning weakness and regional price shifts.
Reports from New York show grain and metal markets mixed with some prices regaining earlier losses. Spot copper rose while wheat and corn markets showed varied activity as traders gauge demand, futures, and export outlook amid regional rainfall forecasts.
Wall Street gossip reports New Haven's payroll to rise by 500000 under employer demands and a choice between Baltimore and Ohio scale or a strike. Central's payroll will grow and rail freight rates may climb to cover higher costs. Market notes discuss mixed stock activity amid declines in inactive shares and ongoing bets on gold export fears.
Financial circles debated how Justice Brewer’s death would affect rulings on the tobacco trust case, the Standard Oil case, and the corporation tax case. Bond trading dominated with Potomac Electric heavy blocks, gas and railway issues active. President Taft to attend District Bankers Association banquet at Willard on April 14 with Treasury officials expected. Agriculture Dept to study bamboo seedlings for large scale southern cultivation, with initial steps toward valuing bamboo in the U.S. to begin soon in Louisiana.
Fire engine No 16 struck a deep rut on Twenty third Street near First Avenue. Driver Joseph Whyte died ten minutes after being crushed when the horses bolted unbridled. Lieutenant John Slowey steadied the team, saving children nearby as Bellevue rushed Whyte to hospital. The fire started in a grocery at 3% First Avenue. damage listed at $2. The asphalt's poor condition blamed for the mishap.
Baltimore and Ohio awards a contract worth over 2 million dollars to American Locomotive Works for 1,000 freight locomotives at about 19,000 each. Deliveries begin as engines are built and are distributed on lines serving coal regions of West Virginia. Officials say a larger motive power supply is essential to handle growing traffic.
Paris reports the chamber of deputies adopted unanimously the Frenco American tariff agreement with Minister Dupuy stating both nations share duration terms and reciprocal severance rights. The senate also concurred in passing the measure, marking a mutual resolution from both sides of the Atlantic.
Amicable agreement reached between the Order of Railway Telegraphers committee and Norfolk and Western Railway officials. A sliding scale increases pay for telephone men and telegraph operators, aiming for parity. Conference with President Johnson sought as last resort to seal settlement.
Statement of the condition as of December 8 filed under colonial code provisions. Lists assets including cash in bank and bonds, and liabilities such as agents’ salaries, premiums, taxes, and allowances. Notes premiums paid in advance and outstanding guarantors, with signatures of Edward Brown and Notary Glapp.
Directors of the Atchison Topeka and Santa Fe Railway authorized a bond issue of 43,686,000 to enlarge the capacity of existing lines. The plan involves 3,68500 fifty years per cent convertible bonds or notes to fund expansion and future operation.
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