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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 12, 1909
Page
25
The New York stock market showed gains in late trading after Germany’s Imperial Bank raised its discount rate. Missouri and Texas shares led advances for the day while broad declines were tempered by bank policy news and cautious overseas sentiment.
Special to The Washington Foat notes a dull rally after a bank statement surge, with Copper and Harpiman declines and Union Pacific board changes likely, while Harriman and Rogers names weigh on sentiment. Berlin German rate rise linked to industrial stocks, and money markets show shifting call and time loan dynamics amid holiday closures on Columbus Day.
Markets weighed by purifications of September corporate reports and anticipated London remittance needs. Stock activity showed pressure as investors awaited financial settlements and currency movements, with bond and commodity figures reflecting mixed sentiment and cautious trading in equities and futures.
Livestock markets in New York dated Oct 1 show irregular receipts with steers around 4 40 to 4 50 per pound, calves in the 6 to 7 dollar range, and hogs near 9.30. Sheep and lambs receipts 18 013 head with lambs lower and some good sheep. Wheat and corn prices listed, with mixed futures and receipts noted. A brief line notes Grand Trunk Railway president to resign, and some unrelated market figures.
The item lists railroad bonds, trust company and savings bank stocks, insurance stocks, and other market securities traded. It references figures and names such as American Security, Union Trust, Home Savings, and Washington Market context, with prices and listings in a terse ledger style. The piece reads as a historical market snapshot of quoted securities and financial entities in Washington.
Quotations indicate wholesale printer's notes with steady market tone across regions. Listings cover live poultry, dressed meats, fruits and vegetables including apples, citrus, melons, potatoes, tomatoes, corn, cabbage, radishes, beets, and cranberries with assorted weights, box counts, and per pound or per box pricing from New York State, California, Florida, and other markets.
New York market notes show varied produce prices and commodity mentions. Items include chickens, fowls, creamery specials, and Western factory receipts with totals around 7,212 and 16,826 for exports. Diverse goods referenced span meat, dairy, nuts, cotton, sugar, copper, peanuts, potatoes, and cabbages with fluctuating demand and nominally higher prices.
The New York cotton market dipped early then steadied as rumors of a tropical storm near Florida spread. December contracts rose to 121.59 with notable gains later, while physical southern markets remained steady though trading showed cautious optimism about exports and a potential post-storm rally.
The Washington cattle market reports active demand for choice cattle lambs and calves with buyers showing strength. Wheat and corn futures edge higher on the board with spot prices steady to firm as markets digest export demand and NorthWest strength.
New York metal prices show mixed activity with quotes for copper tin and lead, while London markets ease. Local dealers report subdued demand and unsettled conditions as imports affect pricing. the British market shows softer spot and futures in iron and related metals.
State Commissioner Renkin issues a vigorous appeal to Kentucky farmers urging them to pool their tobacco crops as the closing week of the pooling campaign approaches. The move signals opposition to Governor Willsey’s stance and reassures pardons for those defending property against Night Riders. Renkin pushes expansion of cooperative farming efforts across the state.
Leavenworth Kansas October 11 The Joe Cudahy Packing Company compromised in federal court settling a case over oleomargarine stamps and revenue laws. The company paid 40000 in fine back stamp tax 71700 and a 10000 special tax for agencies totaling 29777.60 to the government. Indicted on 15 counts the case involved coloring oleomargarine and moving uncolored product to avoid tax.
The Supreme Court began its regular term with a small panel due to absences, hearing admissions, motions, and numerous writs of certiorari. Notable items include appeals on life insurance paid after hangings, railway lease disputes, lynching case petitions, Porto Rico church land matters resolved by funding, and a Newburyport city bank note dispute.
A Tennessee court dispute involves William son who refused to pay a note claiming it funded a gambling debt, illegal in Tennessee and Memphis. The U.S. circuit court judged against him, but the Fifth Circuit Court of Appeals reversed, siding with Williamson's arguments. The court accepted applications for admission to practice and adjourned after a 40 minute session with nine lawyers admitted.
Farmers and small manufacturers attend denatured alcohol lectures at the Bureau of Chemistry, Department of Agriculture. The program through October covers fermentation, materials, distillery management, tax rules, and uses for heat light and power with speakers including J A LeClerc Sawyer and H W Berger.
Secretary Ballinger issued a statement urging Congress to act on phosphate lands in Rocky Mountain states and coal land entries in Alaska to prevent monopolies and secure naval reservations. A separate item reports John Burke leaping from a third story window after claiming a crowd planned to attack him. he was injured and later evaluated for sanity.
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