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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 12, 1909
Page
2
A volatile session on the New York Exchange followed a German rate rise. Banks reported a record bank surplus, while imperial actions influenced discount rates. Missouri and Texas stocks led gains though overall market momentum faded as foreign and domestic factors created uncertainty.
New York stocks opened higher after a bank statement but soon dulled as traders stayed cautious. Amalgamated Copper and Union Pacific failed to rally following Harriman and Rogers deaths, while German rate hikes reflected heavy speculation but Germany's trade figures showed growth. All U S markets observe Columbus Day. Boston and New Orleans open. An old trader’s tale from Morosini underscores the market’s treacherous exit.
The day's market centered on refined metal shares and sterling remittances to London amid anticipated financial settlements. In New York trading, copper prices and allied stocks moved with banknote flows and treasury actions as investors priced in potential government notes and gold movements.
Oct 1 market notes show cattle receipts around 26 000 head with steady to firm tone, hogs and calves mixed, sheep lambs and vealers varying in price. Wheat and corn futures quoted with spot, nearby and deferred contracts, mixed receipts and meat values. Also mentions Grand Trunk Railway president to resign amid broader transport sector notes.
The Washington market page lists rail road bonds and misc stock quotes. Entries mention Union Trust American Security Home Savings Union Savings Washington Insurance stocks and various names tied to financial firms and industrials.
Wholesale fruit and vegetable prices from Washington market show firm markets and steady store-packed goods. Live poultry and dressed meats list per pound and per cwt, with apples, apples, citrus, and greens priced by box, crate, or basket across regions including New York and Florida markets.
New York produce market shows mixed activity with higher nominal prices for some commodities. Western chickens, fowls, creamery items and various meats report steady to rising demand, while staples like potatoes and cabbage show fluctuating quotes across multiple markets and ports.
The New York cotton market opened steady then fell as the EW Storm neared Florida, with prices slipping amid liquidation and a cautious mood ahead of the Sunday holiday. December rose modestly while nearby months showed gains, aided by heftier exports and limited domestic demand, as traders watched storm developments and laboriously prepared for potential disturbances along the Atlantic.
Markets report active choice cattle and calves, with lambs in demand and hogs varying. Wheat futures rose on the board while corn and oats were steadier, and money on call remained strong as traders weighed export prospects and domestic demand.
The report tracks metal and iron price movements with quotes from New York and London markets. Tin, lead, zinc, and iron are cited with spot and futures prices. domestic and overseas demand influence prices, and local delivery levels show unsettled conditions amid imported influences.
State Commissioner Renkin appeals to Kentucky farmers to pool their crops in the closing week of the tobacco pooling campaign urging continued cooperative action. His stance opposes Governor Willsey's independents guidance and offers protection assurances to those who may defend home or property, signaling political tension in the pooling effort.
Leavenworth Kansas October 11 the Joe Cudahy Packing Company case for violation of federal revenue laws by failing to place stamps on oleomargarine packages ended in compromise. The company paid 40000 in fines plus back stamp tax 49717.00 and special tax 10000 for agencies totaling 29777.60 to the government. Indictment covered 18 counts alleging coloring and sale of untaxed product.
The Supreme Court began its regular term with Justices Fuller Harlan Brewer Watson Holmes McKenna and Day presiding. Admission of new bar members and numerous writs of certiorari were heard as cases including insurance policy disputes and lynching petitions moved forward.
The case concerns a note refused as payment for a gambling debt. Tennessee and Memphis filings show the U S circuit court ruled against William son, with the Fifth Circuit Court reversing in line with Williamson. The court’s third party advisement session admitted nine lawyers to practice before the Supreme Court in a 40 minute session.
Farmers and small manufacturers attend the Bureau of Chemistry lectures on denatured alcohol. Lectures run Mondays and Thursdays, with topics including fermentation yeast culture plant management and uses of denatured alcohol for heat light and power.
Secretary Ballinger urged urgent congressional action on phosphate lands in the Rocky Mountain states and coal land entries in Alaska. He cited emergencies requiring legislation to prevent monopolization and to secure permanent naval reservations amid current temporary protections. A separate incident reports John Burke leaped from a third story window after a crowd disturbance. he survived with scalp abrasion and was sent for psychiatric evaluation.
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