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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 08, 1909
Page
41
New York November reports show the stock market leaning toward industrials as profits widen. Hariman’s influence wanes while industrial firms post large current earnings, boosting stock dividends for railway investors with expectations of further increases.
The piece discusses new stock issues from Pennsylvania, New York Central, and New Haven with anticipated dividends. It notes American Cotton Oil adopting a 5 percent dividend with semian nual or quarterly payouts starting soon. It also covers weather aiding farming, strong bank reports, and a temporary pause in cotton option reversals amid speculation about 18 to 20 cent cotton.
London reports show nervous stock exchange activity amid Bank of England rate effects and Paris Berlin monetary tensions. Directors accused of hoarding gold influence on world trade, with diminishing prices and heavy realizations toward week end. American rails share the global downturn as Paris and Berlin face tightening conditions and cautious speculation.
Clarence H. Mackay, president of the Postal Telegraph Company, returns to New York from a 101 mile Western inspection tour and reports strong growth. He cites San Francisco and Seattle as exemplars of American courage and energy, notes farmers in Montana and North Dakota adopting cooperative farming, and praises the cooperative spirit fueling manufacturing and U.S. commercial leadership.
Pittsburg Nov. 7 The Frick Coke Company extending wage increases of about 16 42 percent to 30001 workers in the United States Steel Corporation system to attract and retain coke labor. The coke region faces a shortfall of 30001 men needed to meet next year’s production targets, with the plan aimed at sustaining supply and possibly lowering coke costs.
Taft will open the Lang men missionary convention Thursday morning with a program spanning four days in Washington churches and halls. The event features national figures, with sessions at New York Avenue Presbyterian Church and Continental Memorial Hall, concluding Sunday with closing remarks by John R. Mott and Alfred B. Marling, while other services run citywide.
The Seaboard Air Line Railway filed two mortgages in Norfolk County totaling $150,000,000. One covers $125,000,000 in 4% refunding bonds payable years hence under trustees Fidelity Trust Company Baltimore and Van Lear Black. The other covers $25,000,000 in 6 1 2 % per cent 40 year gold bonds with trustees New York Trust Company and Mortimer N Buckner. State taxes on the mortgages were $8,239.
A Poynette Wisconsin resident, Hugh Sloan, reports months of difficult breathing and limited exercise. He credits Dr Miles Heart Remedy with near cure in six months and notes a guaranteed money back offer if the first bottle fails to help.
United States mint engravers prepared dies for a Washington head coin to replace current currency. Government adoption undecided. pattern coins circulated earlier. Washington opposed such a coin in his lifetime, deeming it monarchial.
A Spectator article summarizes a long term rise in suicide rates in 65 American cities, with 1908 at 218 per 100,000 and Salt Lake City highest that year. It notes greater increases among well to do and educated classes, links to crime, and urban pressures in the West.
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