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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 05, 1910
Page
10
The market shows unsettled trading in Steel Common Reading and Union Pacific with about a third of activity tied to speculative moves. News from New York highlights mixed price shifts, increased volatility, and cautious sentiment as investors await clearer policy signals after Election Day.
The New York Stock Market report for Friday November 4 1910 notes data received by W B Wibbs & Co bankers and the New York Stock Exchange. The Chicago Board of Trade and related exchanges are referenced as part of the market summary.
Washington market reports tight supplies as fresh goods and poultry remain scarce amid general shortages. Traders note limited offerings and cautious buying across grain and meat sectors, with price pressures visible on perishable items.
Market notes show fresh produce in Breton markets with price signals for vegetables and fluvial goods. Mining firms including Western Copper Range and Greene Tananea report activity and varied yields while financial markets display firm call rates, commercial paper at 4 1 2 percent, and steady government and railroad bonds as bankers’ bills trade near 4 1 8 5 to 4 8 9 5 for sixty days.
New Orleans dated November 4 reports Secretary Ulster’s statement on global cotton stocks. Total visible supply is 4,292,803 bales with American cotton at 2,647,603 and other varieties including Egypt, Brazil and India making up 646,000. Comparative figures show weekly and yearly changes, with detailed regional distributions across Britain, Europe, and the United States. Poultry, produce, and other market items are listed in the same issue with prices for chicken, eggs, vegetables, and fruits.
Wall Street activity lagged with only 66 shares changing hands on Washington Gas and small lots offered under market. Copper futures and Greene-Cananea mixed, while Chicago grain and livestock markets showed broad swings but closed near session highs for wheat and firm or mixed for corn, oats, and pork futures.
The November Army orders publish transfers and detachments for officers across the infantry, cavalry, and artillery branches. Names include AMBROSE RH EMER, JAMES A MANEY, PERCY E TRIPPE, HALDIMAND P YOUNG, EDWIN ST NOWLEN, CLYDE D V HUNT, ALBERT TODD, GEORGE W KIRKPATRICK, and many others, detailing movements to Fort Leavenworth Fort Logan and Fort Mier, and assignments to Walter Reed Hospital. The document lists retiring officers, medical corps relief, and asides to various depots and fortifications with January reporting dates.
Washington reports the Michigan Central notes sold at 2 1 4 per cent for one year as rail orders surge. Norfolk and Western placed stock rails orders of 15 400 tons, while the Vite Railroad ordered 1 900 tons. Steel orders total about 5 000 tons, with earnings mixed across railroads. St Paul and Puget Sound show modest gains, Northern Pacific cuts in operating costs yet sees lower passenger revenue.
Standard copper remains steady with spot and future values in New York and London. Reports show tonnage movements, exports for the month, and varied copper forms including Lake and electrolytic, alongside iron and foundry price listings and warrants in a snapshot of metal trades.
R G Dun and Co in its weekly review notes a hopeful mood in the iron and steel sector with slow progress, expansion in dry goods retail demand, steady yarn markets, and ongoing strength in footwear. Woundry iron demand rises while iron stocks pile up and production tightens.
Assistant Secretary Beekman Winthrop of the Navy confirms the Washington yard will not be closed. He notes Secretary Meyer favors closing many Atlantic coast yards and concentrating repair and construction work elsewhere. Winthrop stresses there has been no suggestion Washington yard should be shut down or abolished.
Commander F t Chapin to duty Washington and other officers assigned to ships yards and schools. Movements list includes Norfolk Ha in ham Port mouth N H and several ships sailing to Bermuda Charleston and Chesapeake Bay. Post wants free classified ads in The Post column.
Treasury officials near a decision to issue a few million bright new silver coins for Christmas to ease demand at subtreasuries and in banks amid protests from shoppers merchants and a boyish chorus. Assistant Treasurer George S. Terry reports New York banks are pressing for fresh coinage as Treasury Secretary MacVeagh plans to review the issue on his return.
President Taft issued an order withdrawing all public and national forest lands in Alaska containing petroleum deposits from settlement location sale or entry. The move places Alaska oil lands with coal lands in withdrawal status pending further conservation legislation and valuation of subsurface deposits. Possible future orders aim to systematize withdrawals to protect top government properties in Alaska.
A contest over the interpretation of the Sherman act began in the U S Supreme Court. The case targets Gustav E Kissel of New York and the American Sugar Refining Co with alleged conspiracy to force the Pennsylvania Sugar Refining Co out of business. The government brief supports the indictment. Oral argument is scheduled for next Thursday.
Government spokesmen reiterate Alaska coal claims can be canceled only after investigation and proof of fraud. Priority remains on genuine entrymen while indictments in Spokane and Seattle target fraudulent groups. Department vows vigorous probe into all Alaska claims and will cancel those proven fraudulent.
The Judge Blair decision in Porter Charlton's extradition for the 1920 Lake Como murder was delivered to the State Department by Hudson County prosecutor Pierre P. Garvan. The packet includes Blair's statement and the testimony transcript. Secretary Knox will not return to Washington before the election, delaying State Department action for some time.
The Alexandria Elks Lodge and the Antituberculosis Society join to host a luncheon from noon to 2:30 and tea from 4 to 5 with a household goods sale in the Elks auditorium to raise funds for tuberculosis prevention. The event, planned for Thursday afternoon, follows a long, quiet campaign supported by physicians.
Theo Barnes & Co yesternay received a carload of 2911 Pullman cars and Columbia Motor Car Company executives toured the area. A Model T Ford outing in Maryland Virginia included Winchester Newmarket and Luray caverns. Overland tours to Messrs Thall Smithy and Davidson were reported plus Everitt touring cars arriving. Industry leaders discuss mergers and showroom changes while Hudson shipments head to Cairo Egypt reflecting growing automobile interest globally.
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