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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 06, 1908
Page
2
Foreign markets show strength as apprehensions about Britain's India crisis ease. Speculators buy back fallings. rail and steel issues rise with improved crop outlook and reports of higher prices and larger gains in leading shares. Persistent volatility tempers gains though.
Stock market notes indicate New York trading day on Thursday with tentative activity. Prices and indexes show modest shifts amid mixed sector performance.
Local stock market fell in volume yet demand for bonds remained steady. Capital Traction 3s traded around 111, Washington Railway and Electric 4s at 82, Potomac Electric first 3s near 103 3 4, Anacostia and Potomac 5s weaker at 97. Capital Traction stock moved in small lots to 122 1 2, Washington Railway and Electric common at 2, preferred 12 82, Mitchell Wining 12 in 3800 shares. Greene Cananea 8 1 3, Bet Telephone of Pennsylvania at 95, GCommercial National Bank 150, American National Bank 357 bid, American Security and Trust 125.
The report notes Treasury activities with W Hibba & Co and New York, Chicago Board of Trade quotes, and varied rates for bills and commercial paper. It covers currency, government and railroad bonds, and wholesale price indicators, alongside extensive commodity pricing for meat, poultry, dairy, fruits, vegetables, and farm goods. The item lists bid and offer levels, supply notes, and market tone for dull to firm trading across sectors.
Special to The Washington Post New York May 6 reports traders expect Southern Pacific to hold at six percent amid mixed views on the market. Analysts note broker commissions, borrowings, and the weak public demand shaping prices. News covers rail earnings, grain conditions in Ohio, and the broader mood as investors brace for further moves from Union Pacific and Southern Pacific dividends.
Daily market report from New York shows steady to firm tones in poultry and grains with receipts and exports variable. Wheat and corn hold near steady levels as traders weigh a smaller world stockpile against favorable crop prospects and rains in the Plains.
Robert N Chambers filed a 15000 damage suit in the District Supreme Court against Otto Ringling John Ringling and Charles Ringling owners of the Barnum and Bailey show alleging bad faith breach of a January 13 contract to exhibit Princess Weenie Wee the little performer and her father James Thompson. Chambers says he earned 200 weekly from proceeds but lost it when Thompson allegedly induced a breach to favor the circus. He sought swift damages before the circus departed.
The District Court of Appeals upheld the board of edit im removing Miss Wary E Nalle, a teacher who sought a writ of mandamus for reinstatement. Justice Anderson noted courts should not interfere in school management, absent gross abuse, and that boards and superintendents may assess professional qualifications and dismiss teachers not efficient.
Mrs Fannie Polley secured an absolute divorce from James L Polley in the District Supreme Court with Chief Justice Clabaugh presiding. She testified that Polley failed to provide support or show affection, and she resumes her maiden name Smith. The couple married November 21 1890 at St Pauls Church. Samuel A Wakefield sued for alimony by Ada Wakefield in Takoma Park. they married November 12 1888 in Albany New York and have two children. They separated two years ago under an agreement by which Wakefield paid $56 monthly, now ceased, leaving Mrs Wakefield destitute.
Justice ebb of the District Court of Appeals sustained the February 1 1907 act regulating veterinary practice in the District The arrest of William Dewalt for veterinary medicine without a license ended in discharge The District prosecutor appealed and Justice Robb held that clear provisions prohibit unlicensed practice and must be enforced to honor the lawmaking power Bosses.
Mrs Rosa Ro Saunders widow of Thomas Saunders sues in the District Supreme Court for 1000 damages from James Stevens and James Stevens Jr of Stevens & Son Co contractors. She alleges her husband, a hoisting engineer, was struck by a 40 foot falling stone at the Senate Office Building on January 21 after the company failed to provide a covering.
The District Court of Appeals yesterday granted a continuance of the Welters and Davis bookmaking suit at the request of A S Worthington for the defense. New York attorneys who wished to argue the case could not attend until a later date. The court noted pending legislation would render further hearings unnecessary. The hearing was set for the close of the patent appeal cases on Monday’s calendar.
Ink chemist Fawn N Van Dyke and Victor G Bloete, Baltimore ink manufacturers, pleaded not guilty in Criminal Court to an indictment accusing them of conspiring to defraud the government. They posted $10,000 bonds after the court overruled a demurrer two months earlier.
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