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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 19, 1910
Page
2
Market levels show negligible price changes with weak readings in common shares. Grain and cotton options decline while metals gain strength. The undertone remains subdued as London and New York banks report cash movements.
May 18 market notes show dull trading on the Exchange with modest activity and few standout moves. Bond lists and bank issues appear steady while railroad bonds edge easier amid mixed signals. investors eye rate guidance as prices hold near supporting levels.
The May 18 reports show firmer copper and mixed commodity prices in New York and London with spot and futures in copper, eggs, butter, cheese, poultry, vegetables, fruit, and dressed meats listed. Various regional prices and shipments are noted, including credits balances and shipments.
In Washington DC trading showed slow activity with bidders scarce as holders of Consolidated 9s discussed 90000 dollars worth, prices drifting from 114 to 111. Markets for Washington Railway and Electric and Lanston rose modestly. Banks report increased deposits and stable rates, while debates over federal supervision of bank credit divide bankers. Willard H Brownson, rear admiral, was elected director of Riggy National Bank following Thomas Walsh’s death. Maryland bonds and state notes found steady demand, and Chesapeake and Ohio and Maryland Delaware Virginia railways faced strategic moves and dividend expectations. Daniel Willard was elected president of the American Railway Association at its New York meeting.
The New York cotton market extended losses with price declines around 3 points from Friday’s high, as near term futures for February and March slipped while old crop remained soft. Trading showed bouts of liquidation and bear pressure but a mid session rally emerged on renewed demand and covering, before prices turned listless again. Market outlook cited favorable weather and a lighter near term supply, while the spot market remained weak and unsettled amid persistent selling pressure.
Special to The Washington Post reports in New York May 11 that some Chesapeake and Union offerings were subpoenaed to testify in Columbus about company control of Hosking Valley and Kanawha. Frank Trumbull leaves for Columbus amid potential director quorum issues and possible dividend postponement. Trading remains dull with prices sagging on inertia while some expect a revival after negotiations conclude.
Veal calves and spring lambs show light supply and active demand. Cattle prices range around 400 for ordinary cattle and 0.75 to 1.00 per pound for veal and lambs, with hogs selling at about 10 per hundredweight at eastern markets.
Belasco presents J M Barrets The Professor's Love Story in three acts with Mr Greet stepping in as Prof Goodwilie. The Romeo and Juliet matinee is delayed a week. Also announced are Robin Hood by Abern Comic Opera Co and other vaudeville acts, with three daily performances at the Academy.
Market reports show May wheat down on improved Western weather and speculative selling, with prices fluctuating and options listed. Corn and oats trades remain light with receipts and shipments noted, while spot oats hold steady amid modest activity and no clear lead or transactions.
Market reports from the Chicago Board of Trade indicate mixed futures with wheat and corn wavering amid cool, wet conditions. Reports of a large wheat shipment from Minneapolis and ongoing war weather effects cooled optimism, while live stock markets held steady with cattle and hog prices varying by category.
Washington Board of Trade members plan a large outdoor picnic at Marshall Hall with a morning and afternoon boat trip, a comet view, two baseball games, and a lengthy amusements program led by Dr Frank E Gibson. Prizes include shoes, ash receivers, and several novelty items amid races, games, and a trench of entertainments, with committees listed for arrangements and sports.
Students from the music and dramatic classes at Madson Hall Seminary staged an annual recital Tuesday night in a crowded auditorium. Virginia participants Hazel Sluss and Mary Elgin Ventress performed piano and poetry pieces, with Louisiana’s Misa Myrtle Levy offering piano solos and encores from Cornelia Posten. Additional performers included Ruby Todd Thurmond Elizabeth Winston and Loya m Cam.
Senate and House conferees near agreement on the rivers and harbors bill proposing roughly $323,000 for Anacostia River works in the coming fiscal year. The House favored $130,000, the Senate $250,000, while the Army engineers requested only $30,009 for the float form.
New York dairy and meat prices show mixed moves with steady but steady receipts. Butter markets are barely steady with large package counts, while pork and lard hold steady. cottonseed oil remains base prime crude with firm but cautious demand.
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