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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 10, 1909
Page
25
New York Nov 9 the stock exchange session closed with limited activity and a pronounced slump in late trading. Banks and copper stocks showed strength amid mixed lending signals as volume stayed muted and rates fluctuated.
A turbulent session in the New York bond market unsettled investors as various securities moved with shifting yields. Traders watched changes across government and corporate issues amid mixed economic signals and ongoing global influences.
The New York financial summary notes treasury bills on call and time loans with rates around 5 percent. Sterling exchange rates reflect actual payments in dollar bills at 0.485, with 90 day bills at 0.64 and 82 percent for commercial paper. Government bonds show steadiness amid general market activity with references to mercantile paper, Mexican dollars, and a general treasury note environment.
Wall Street opened dull with mixed trading and little price movement as investors waited for the market to react. Rumors of corporate prosperity and Mexico expansion boosted Wells Fargo while rail labor wage talks and potential new corporation legislation loomed, with Pennsylvania stock trading down after a rights issue.
Quotations show wholesale prices for bonds, butter, produce, poultry, meats, and livestock. Regional exchanges in Virginia and North Carolina list yields, prices, and issues. cattle and hog markets describe gains and demand trends. grain futures and supplies reflect modest advances amid active trading. weather and seasonal factors influence market tone.
New York and Chicago reports show mixed commodity activity with steady to firm quotes. Livestock, grains, and oils move on receipts, futures, and international demand while weather and shipping notes influence pricing.
Markets in Baltimore show mixed grain prices with oats and corn quoted for delivery in November through February. Steamer futures steady with modest changes, while abbreviated futures data for wheat and barge freights indicate a dull, unaltered tone.
New York live stock markets show receipts mixed with stable to firm tones. Cattle and hogs steady to strong, beef and veal prices firm, sheep and lambs active, dairy and hog categories echo steady demand.
The New York metal market closed mixed with copper and tin showing varied spot and futures, while London bids held steadier levels. Reports indicate slight declines in some sectors with copper, tin, and nickel quoted at several regional prices and futures contracts.
Supplemental to the Monday report the Agricultural Department issued preliminary estimates for winter wheat at 432,920,000 bushels spring wheat 281,348,000 bushels corn earand rye barley oats barley and rye figures given with barley at 161,635,000 bushels rye 31,008,000 bushels and hay at 64,146,000 tons affecting the bureau of statistics outlook for the year.
Bethlehem Steel Company restores wage scale to pre 1907 levels as President Charles M Schwab announces a 1 percent increase for several thousand workers. Reading Iron Company posts a new wage schedule affecting nearly 200 men, with puddlers' pay raised from 4.10 to 5.00 per day starting November 9.
The national committee on changing Inauguration Day backs moving the presidential start from March 4 to the first Thursday in April. Resolutions will be pressed at the upcoming extra session, with governors and state executives enlisted as committee members after meeting in March. They favor the shift and have urged senators and representatives in their states.
Burrojaps promise that uppers will not break through before the soles wear out, offering free replacement pairs if needed. Berberich, a leading Washington shoe merchant, features the patent leather Burrojaps with 6 styles, lightweight burro leather, and a high polish finish.
Public Service Commission calls for nearly 1 million dollars for an eight mile Brooklyn subway from the Brooklyn end of the Manhattan suspension bridge along Flatbush and Fourth avenues to Forty third Street with extensions planned to Coney Island and Fort Hamilton. Groundbreaking is scheduled for Saturday. Contracts go to James P Graham Smith Scott & Co William Bradley E EH Smith Contracting Co Tidewater Building Co.
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