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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 25, 1910
Page
2
Market observers note minimal impact from a major railway receivership on stocks. Rumors swirl about bond sales and Pennsylvania New Haven ties, with bankers shifting to short term issues while overall demand for funds remains steady.
Washington Fart reports a cautious mood on May 4 as stock prices close above yesterday's levels but with light volume. Analysts cite limited demand and speculative cooling after recent fluctuations, noting lingering questions about underlying strength and the impact of broader market signals, including railroad and commodity pieces, on near term movements.
Trading paused on the Washington Stock Exchange Friday while Columbia a sold at 104 and Lanston at 91 on regular and after hours. American National at 184 1 2 and Merchants and Mechanics Savings at 156. Virginia Carolina Chemical to skip common dividends before June with June 14 quarterly meeting and year end next Tuesday. Thompson Starrett declares a regular dividend of 1 1 2 percent on common stock. Treasury adds seven more men for New York customs operations. Railroads face changes as calves under four weeks won t be moved in certain states and Pullman rate reductions extend to July. Baltimore and Ohio plans Philadelphia to Baltimore run in 1 hour 6 minutes, Baltimore to Washington time cut later. Seaboard Air Line reports second-week May gross earnings of 788 035, up 8 14 percent from last year.
The item records sales regular call and market notes from Washington and New York. It lists receipts and prices for HOGS, SHEEP, COTTON, BUTTER, CHEESE, EGGS, FLOUR, PORK, LARD, TALLOW, COTTONSEED OIL, and related commodities with prices, quantities, and market movement, including reports from New York May 26 and May 4.
Paris May 24 Representatives from the United States Great Britain France and Germany met and signed a loan agreement to advance 20 million dollars to the Chinese government for Tellway construction and related works under equal terms. The plan promises equal treatment in tenders and supplies with Americans gaining subengineer roles and expansion of the Icharg branch plus 400 kilometers of extension to Szechuen if materializes while Britain secures engineering rights for Haakow Canton. Questions remain whether Peking will accept the loan as antiforeign sentiment grows in Hunan province. The American negotiating team included Henry P Davison E C Grenfell Herman Harjes Paul M Warburg and Willard D Straight.
Three tablet casts were chosen by the historic sites committee to be sent to Senator Wetmore for approval. With $800 appropriations available, the aim is to use them by July 4 for tablet erections at ten possible Independence Day sites in the District. Henry G B Macfarlany will represent citizens at a hearing this week.
Bloomfield New Jersey May 4 John Jatairu, once a hardware shop bookkeeper, returns to wife and baby after five years with memory loss. He recalls nothing of his past, says he first woke in a Philadelphia asylum, wandered until a Boston garage job. A remark about Bloomfield cleared his memory a week ago.
A newly formed washerwomen union in East Orange raises wages from 1.35 to 1.75 and 2 a day, cuts work hours from nine to eight starting June 1, signaling labor tightening. Elsewhere, legal and market items from The Washington Post and New York reports note subpoenas, bankruptcy actions, and metal and coal markets with varied price quotes.
Peru has formally accepted mediation by the United States, Brazil, and Argentina in the Peru Ecuador boundary dispute. The first condition requires suspension and withdrawal of troops along the border before any further mediation steps are taken.
Health Officer Woodward launches another campaign against insanitary lunchrooms and groceries after inspectors arrested sixteen grocers last week in the southwest. Most fined, some faced larger penalties. many forfeited collateral of five dollars. Woodward proposes commissioning inspectors as special police to aid enforcement. Named for commissions are Tout V. Dieter, Harry S. Lucas, Charles Staub, William R. Smith, and Charles E. Powell.
Chicago May 24 An attorney argued there is no imess statute governing U S senators election so no law broken in Browne bribery indictments. Browne Democratic minority leader faced charges over payments to vote for Lorimer. Forrest to finish arguments tomorrow as potential jury selection slated for tomorrow afternoon.
Treasury officials forecast a sizable drop in the working cash balance this week as large outlays are planned for the Panama Canal and military establishments. Disbursements in June are expected to be lighter than in other months, aiding the balance. Monday's cash on hand totaled 719,553.20.
A Pollock car traveling from this city to Great Falls yesterday afternoon driven by Lewis Holmen with Hf. McCarthy as a passenger turned into the Rock Creek bridge on Pennsylvania Avenue Northwest. Both occupants sustained slight injuries and refused hospital treatment. The car was damaged.
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