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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 06, 1908
Page
29
Foreign markets rallied with renewed confidence as fears over India's troubles eased. Gains led by railroad issues and steel shares helped New York and London ease fears, with signs of broad recovery across sectors.
TIFSDAY was 5 1B. The report notes trading activity and market movements in New York as investors respond to early session developments and pricing shifts across key indices.
Turnover fell short but bonds gained some appeal as Capital Traction 3s traded around 111 and Washington Railway and Electric 4s at 82. Potomac Electric 3s hovered near 103¼ with bids near 103½ for 19000. Capital Traction stock moved at 122½, and Washington Railway and Electric common traded lightly at 2 with 160 shares total. Greene Cananea and Bet Telephone of Pennsylvania showed activity, while American National Bank rose to 357 bid and American Security and Trust offered at 125.
United States Treasury rates and bank note levels show dull steady trading as quotes hold near 2 to 4 percent in various bills and mercantile paper. Agricultural goods move slowly with mixed prices for butter, dressed poultry, meats, and vegetables, while cattle and hog markets show limited activity and ranges.
Special to The Washington Post New York May 6 reports on cautious optimism as Southern Pacific maintains a 6 percent rate amid forecasts of a market pullback. Brokers debate whether a healthy reaction will come, while rail stocks show mixed results and bond issues loom. Cubs and capitalists weigh positions as Union Pacific bond news influences sentiment.
New York markets show mixed steady readings across poultry grains and meats. Wheat and corn hold near steady after large weekly stocks, while oats rye and soy products show varied firmness with regional receipts and export activity.
Robert N Chambers files a $15,000 damages suit in district supreme court against Otto Ringling John Ringling and Charles Ringling owners of the Barnum Bailey show alleging bad faith breach of a contract with James Thompson for exhibiting Princess Weenie Wee a colored midget. Chambers says the contract dated January 13 allowed annual renewals and that his share of proceeds from the exhibition dropped when the Ringlings allegedly persuaded Thompson to break the deal. He sought swift action before the circus departed and secured notice within an hour after filing.
The District Court of Appeals upheld the removal of Miss Wary E Nalle, rejecting mandamus seeks to reinstate. Justice Van Gredel affirmed that courts should not intervene in school board discretion unless gross abuse. The ruling says the board and superintendent may judge professional qualifications and dismiss teachers if not efficient.
Mrs E Polley received an absolute divorce from James L Polley in the District Supreme Court with Chief Justice Clabaugh presiding. She testified Polley showed excessive affection for another woman and provided no support for years. The couple wed November 21 1890 at St Pauls Church.
Justice Robb of the District Court of Appeals sustained the February 1 1907 act regulating veterinary practice. William Dewalt arrested for practicing without a license was tried and discharged. The prosecutor appealed and the court held that the act clearly and closely supports licensing, enforcing the expressed will of legislation.
Rosa B Saunders widow of Thomas Saunders seeks 1000 damages in Washington District Supreme Court against James Stevens and Stevens Jr of Stevens & Son Company. She alleges her husband, a hoisting engineer, died January 21 when a heavy stone fell forty feet from a hoisting engine due to neglect to provide a covering.
The District Court of Appeals yesterday granted a continuance in the Welters and Davis bookmaking suit at the request of A S Worthington for the defense. He said New York attorneys desired to argue the case but could not attend until a later date. The court noted legislation now pending could render further hearing unnecessary and set the hearing for the close of the patent appeal cases on Monday’s calendar.
Ink chemist Fawn N Van Dyke and Victor G Bloete, Baltimore ink manufacturer, pleaded not guilty before Justice Barnard in Criminal Court. They had earlier demurred to the indictment charging conspiracy to defraud the government. bonds set at 10000 each. Funeral held for Capt J W Smith of No 24 Engine. Requiem at St Martins. pallbearers from the fire department. body at Mount Oliver Cemetery. flags at half staff ten days. G S Jarboe, grocer, files for bankruptcy in District Supreme Court. liabilities 1511. assets 3602.50.
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