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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 06, 1908
Page
23
Foreign markets show improved mood as investors weigh India turmoil and Britain’s trouble there. Despite cautious sentiment, funds buy back stocks, rail shares advance, and crop outlooks appear stable as traders ride a tentative recovery across U S and European exchanges.
The New York stock market report notes activity in daylight hours. Trading gaps and shifts in prices are reflected with notable movements among blue chip stocks. Analysts cited varied investor sentiment amid mixed economic signals.
Local traders reported weaker turnover with demand steady, not strong, in a cautious market. Bonds traded better than many days while Capital Traction and Washington Railway and Electric bonds moved at modest prices. Potomac Electric First 3s and Anacostia Potomac 5s saw limited bids and small lots.
The United States Treasury rates and merchant bond prices show a mixed but firm tone. Trading desks note dull but steady demand with 2 to 4 percent ranges for various bills and notes, while sterling exchange trends unchanged. Commodity sections report steady butter, poultry, and animal product prices alongside a broad, uneven movement in vegetables, fruits, and meats, with cattle and hogs showing varied per hundredweight figures.
Special to The Washington Post New York May 6 discusses market mood as Southern Pacific may keep a six percent dividend, traders wary of a rosy outlook, and brokers debating whether a pullback or further advance will unfold. It notes broker activity, bond expectations, and the influence of Union Pacific and Vanderbilts on sentiment.
New York markets show steady to firm tones for grains and meats, with wheat softening in spots while corn and oats trade steady. Prices feature mixed receipts and exports, including No 2 red wheat around 109% futures, corn near 74 cents, and hogs steady amid cautious demand as global stocks shift.
Robert N Chambers sues Otto Ringling John Ringling and Charles Ringling owners of the Barnum Bailey show for 15000 damages in the district supreme court alleging bad faith in the engagement of Hattie Williams known as Princess Weenie Wee a colored midget. Thompson father of the player signed a January 13 contract for the act with renewal terms. Chambers claims the contract was breached causing loss of his weekly 200 share of proceeds. The suit was filed yesterday and service was served within an hour as the circus prepared to depart.
The District Court of Appeals upheld the removal of Miss Wary E Nalle, rejecting a mandamus to reinstate her. Justice Van Gredel stated courts should not interfere with school board discretion absent gross abuse. The decision affirms the board and superintendent may assess professional qualifications and dismiss if not efficient.
Mrs Fannie Polley received an absolute divorce from James L Polley in the District Supreme Court with Chief Justice Clabaugh presiding. She testified Polley showed affection for another man and gave no support for years. They married November 21 1890. Polley will resume her maiden name as Mrs Polley Smith. Samuel A Wakefield sued for alimony by Mire Ada Wakefield in Takoma Park. They wed November 12 1888 in Albany and have two children. Wakefield ceased $56 monthly payments two years ago, leaving Mrs Wakefield destitute.
Justice Robb of the District Court of Appeals sustained the February 1 1907 act regulating veterinary practice in the District and discharged William Dewalt an arrester charged with practicing veterinary medicine without a license. The prosecutor appealed, but the court held that the act clear provisions sanction licensing to regulate the profession.
Mrs Rosa B Saunders widow of Thomas Saunders sues for $1000 damages from James Stevens and James Stevens Jr of Stevens & Son Company alleging a heavy stone fell forty feet from a Senate Office Building scaffold, killing her husband, a hoisting engineer, after the contractors failed to provide proper covering.
The District Court of Appeals yesterday granted a continuance of the Welters and Davis bookmaking case 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 hearing unnecessary and set the hearing to the close of the patent appeal calendar on Monday.
Ink chemist Fawn N Van Dyke and Victor G Bloete president of the Bloete Company pleaded not guilty in Criminal Court to an indictment alleging a conspiracy to defraud the government. Demurrers were overruled by Justice Stafford. bonds set at $10,000 each. Funeral of Capt J W Smith held at St Martins Catholic Church with brigade pallbearers and a Mount Oliver Cemetery escort. flags at half staff for ten days. Grocer G S Jarboe seeks bankruptcy with liabilities $1,511 and assets $3602.50.
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