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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 07, 1910
Page
10
Stocks and commodities sold lower in New York amid liquidation and political uncertainty. Traders delayed commitments awaiting Vermont and New Hampshire primaries and Michigan Wisconsin results as Time money rates moved higher and railroad earnings studied for rate hearings.
In a holiday-shortened week on the Washington Stock Exchange little business was recorded, with overall activity below seasonal norms. The week opened with strong demand for gas stocks and type-setting machine firms, led by Washington Gas which rose to 76 and traded around 75 to 76. Mergenthaler and Lanston remained firm, with Mergenthaler opening at 21 and Lanston advancing from 83 to 83 75 along the after call.
Outside interests join Chamber of Commerce committee on manufactures about a Washington shoe factory. Northern firm of slide machinery makers in DC discussions. Herbert Sheridan resigns to start a Baltimore traffic bureau under a five year contract. Maryville Hosiery buys Watauga Mills equipment for Johnson City. Stock market totals show 6 506 000 000 pounds imports in year to July 21, led by iron ore and pulp. 1910 life insurance flags record, with in force policy value rising from 1.625 billion in 1909. Total trades 279 600 shares.
Treasury report shows receipts by customs 1 030 212 70 and internal revenue 1 948 376 67 with miscellaneous totaling 8 056 282 21 not included in portal receipts. Disbursements 612 195 59 leave a daily surplus 2 444 050 and year to date refinements show gold bullion and coin totals near 48 896 160 31 with various silver and treasury notes valued across multiple accounts. Outstanding issues list gold certificates silver certificates and treasury notes totaling about 1 379 229 060 00 alongside reserve fund and trust fund balances held for note redemption.
Baltimore markets show wheat firm with a spot contract at 103 and grade Southern on grade 1.00 1.08 percent. Corn quiet at 6436 spot. Oats steady No 2 white at 37 and 38? Rye dull No 3 Western prominent at 76 72.
Washington wholesale market reports show spring chickens at low figures, eggs steady, broad fruit and vegetable listings, and high quality produce. New York cotton prices decline amid rains and weak demand, with September and October futures dropping to around 12.95 and 13.25 respectively and a general downtrend through the day.
New York receipts of 678 cattle show no trade, steady prices with slight demand. calves scarce with veals weaker and higher unsold. Sheep and lambs in New York and Chicago remain steady to firm with varied classes. hogs see a mixed pattern with light demand and steady to weak prices.
Special Washington Peat report notes John W Gates optimistic about a steel trade upturn after midsummer shrinkage. James McCrea of Pennsylvania Railroad comments on the broader economy. July gross earnings slow. Rock Island shows a smaller rise and a July drop in gross vs last year, with expenses rising. Market weakness across commodities prompts stock price caution and dividend speculation, with Baltimore and Ohio hitting a yearly peak before a price drop and American Hide and Leather preferred staying firm.
The Metal Market in New York lists copper prices for spot and futures with values around 12.15 to 12.38 per pound, plus specific grades like No. 1 foundry and Southern types. Arrivals total about 20 tons from customs, with demand and local activity noted as quiet. Local prices show modest variation across standard copper products and London warrants cited.
New York reports a broad decline in cotton prices with September futures down to 13.40, $2.25 per bale under last week’s close. Market factors include rising supplies and weak mill demand, while old crop bulls buy cautiously. New Orleans officials release a record 1909 1910 cotton value showing a national peak at $778,894,000 with 3,216,000 fewer bales than prior year, placing total wealth from cotton at about $902,894,000 including seed. South again leads in production and milling, exceeding the North for the third straight season.
New York market notes butter cheese eggs poultry flour pork beef lard tallow cottonseed oil sugar copper coffee potatoes cabbages and peanuts show varied receipts and pricing. Butter and eggs steady to firm while cheese and meats hold mixed levels. copper and coffee steady. potatoes and peanuts list modest gains and declines amid overall unsettled conditions.
Heavy selling by Cahubian countries at lower prices collapsed export prospects, triggering a broad market drop. Wheat, corn, and oats fell with hog futures also easing, as open high and low figures show a generally down trading session across grain and meat markets.
Oil market brief noting quotations from Toledo Lima Indiana and Oil City with credit balances runs and shipments. Agent reports include numbers for averages and specific city points such as North Lima and South Ly with September dates.
The cattle market is broadly advancing with veal calves very active. The report lists various quoted prices for beef and veal products, noting higher overall price direction and strong demand across grades and lots.
Financial statements show assets such as cash due from banks and notes of other banks plus a 400000 capital stock and 40000 surplus. Liabilities include demand deposits 790885.68 and certificates of deposit 25391.29 with noted directors listed and the bank operating in Washington District of Columbia as of September 1, 1980.
Financial statements show resources and liabilities of the American National Bank at Washington, District of Columbia, as of September 1, 1810. Key items include loans and discounts totaling about 1.548 million, deposits around 1.521 million, and capital, surplus, and profits combined. The report lists various asset categories such as notes of other banks, U S bonds, and reserve deposits, alongside liability items like circulation, due to other banks, and individual deposits.
Parkersburg West Virginia marks its centennial with a colonial cabin dedication at City park and a grand trades display parade through the main streets. The Wright aeroplane piloted by Parmelee flew successfully at 6:30 despite high winds. An auditorium concert by the Germania Singing Society capped the evening with a welcome address from Mayor Pedigo and a response by C W Bente of Wheeling.
Cryetone the Florida racing ostrich escaped its cage at the Benning and Feasta track during the Labor Day celebration. It ripped electrified wiring from the yard, damaged wire netting and bunting, and upset booths before the keeper intervened. The bird and its owner then departed Washington for Florida, leaving a memory of a wild event.
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