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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 08, 1909
Page
37
The London market opened sharply lower while New York shares fell, with Union Pacific and Southern Pacific among the active issues. Reports on Harriman’s health colored sentiment as traders faced widespread liquidation and unusually large price swings in early trading.
Special to The Washington Post reports dull London trading for American stocks at week’s start, then a sudden active opening in New York with heavy losses in Union Pacific Southern Pacific and Central Pacific. Brokers fear Harriman condition linked to a looming crisis as London eyes settlement beginning tomorrow. The curb market sees Cuban bonds surge while Missouri Pacific shows improved earnings and steady dividends, reflecting a cautious but hopeful shift in prospects.
Financial digest shows Custom Receipts 31 2 287 86. Tocerial revenue receipts. postal totals and deficits. National Bank rates. reserve fund and trust fund tallies. Notes and bullion figures list standard silver donors and government issues. outstanding certificates and silver deposits noted. Market indicators include bank assets, currency, and bullion positions with references to various debt and note categories.
The report describes fluctuating London and New York grain and metal markets with notes on cotton wool, zinc, and wheat futures. It records closing prices for wheat, corn, oats, rye, and grease, alongside spot and futures movements. End-of-period summaries indicate steady or lower tones as rain impacts export expectations and weekly receipts.
The list purports to show Washington stock quotes with numerous garbled entries and misread names. It mentions bonds, utilities, savings banks, fire insurance, title insurance, and miscellaneous stocks alongside unreadable figures and column headers.
Wholesale price listings show varied ranges across produce categories with beans, apples, oranges, and greens noted. Poultry, cheese, and dairy items display modest changes while fresh fruits and vegetables list per box, per basket, and per pound rates for regional markets.
Market notes show active cattle with robust demand for prime and good cuts. Prices listed include cattle per cwt around 600G and 69, with hogs and sheep also quoted, while calves and cows display mixed prime and common values. figures appear in older currency notation and include several typographical errors.
The New York money market reports a weak to steady wheat tone in the West and Northwest due to wet weather, with December futures unsettled and nearby months off slightly. Corn and oats ease while provisions hold steady as traders await arrivals and world shipment signals. Cotton prices rise on Southern demand and Liverpool strength, with futures trading volatile but closing modestly higher on new buying and short-covering.
The Ottoman embassy in Washington announced to finance year needs a 2 000 000 Turkish pound loan at 4 percent interest and 1 percent amortization. Funds will cover debts to Oriental railways and sultan’s pension and civil reforms, with revenues secured from taxes and state receipts. The loan cannot be converted before 1920 and will be allocated by finance ministry at contract end.
Market summaries show cattle and hogs mixed with steady to weak tones across grades. Cattle receipts around 7000 head with best lots easing, hogs gaining little and livers weak. sheep and lambs steady to lower. Western and Pennsylvania pigs noted, with overall cattle market described as firm for top cattle and weaker for others.
An old advertisement touts Ayer’s Pill as the best liver pills you can take, stressing the importance of bowel inactivity and constipation. The copy notes the product has been sold for over 80 years, targeting readers with medical concerns and urging trusted relief.
From the Wall Street Journal report the Chesapeake and Ohio Railway posted a 6.2 percent return on 3.8 million dollars in stock for the year ending 1903 with gross and net gains of 787,645 and 1,607,354. Despite earlier slow months, earnings recovered as conditions improved and the new management pursues property development and better merchandise freight.
Cleveland Ohio September 7 The total production of pig iron in August reached 232642 tons the highest monthly total in U S history except for May June July and August 1907 The Iron Trade Review notes an increase from July with August averaging 72020 tons daily versus 87376 tons in July indicating a substantial month over month rise and a notable record for the period
George J Gould arrived in New York after a seven week European tour aboard the Kronprinz Wilhelm and said prosperity lies ahead for the continent and U.S. railroads. He noted possible private improvements worth more than ten thousand dollars and expected earnings to rise. he declined to discuss details and dismissed linking the Wabash Pittsburgh Terminal with Western Maryland. He praised the United States, Germany, Italy, and Japan as leading nations and stressed saving as the basis of wealth while contrasting continental capital formation with English merchants.
Baltimore markets show wheat futures firm with quiet activity and steady shifts in No 3 red and steamer grades. Corn remains steady with mixed receipts and notable bids for No 2 Western hay and timothy, clover mixer supplies. Prices and receipts are reported with several percent changes and month-end settlements across September.
In Kansas City Missouri circuit court today John H Atwood on behalf of James G Barclay withdrew the habeas corpus suit seeking return of Marian Bleakley known as the incubator baby. Atwood declared the case closed while expressing belief in the child's return no longer necessary and promising to arrange immediate delivery to Mrs Bleakley, as tears flowed from Mrs Barclay in court.
Interstate Commerce Commission issued an order nearing one million dollars in refunds for overcharges of cents per hundred pounds on yellow pine timber. The Green claims cover Central Yellow Pine Association territory including Lowstone Mississippi and western Alabama, against railroads operating there. Settlement uses a standard compromise rate, with most cases settled and a few remaining to be finalized by the commission.
Treasury officials defend nine ships ordered to New York for the Hudson Fulton parade saying most remain in or near New York waters and only two will be taken from the coast guard fleet. Chief Merrill notes protection along Charleston to Savannah will be doubled briefly and adequate safety is assured.
Post governor of Porto Rico announces his resignation. President Taft has chosen a successor and will await the return of Secretary of War Dickinson to conduct the insular affairs investigation. Dickinson and Brig Gen Clarence R Edwards expect to sail for San Juan around September 1 to oversee the transition.
Lord Strathcona narrowly escaped serious injury when his vehicle overturned near Long Lake on a Vernon BC road. The crash, caused by an unmanageable team, left former Vernon mayor Megan with a broken leg and Strathcona with a severely bruised right arm.
The body of T L Schmidt a year old member of Schmidt & Ziegler wholesale grocers was found in a Glirey House room in New Orleans with throat cut and both arms arteries severed. A safety razor blade was discovered at the scene along with indications the death was self inflicted. Schmidt had registered at the Gusey Noure yesterday and drew hotel guests’ attention with erratic actions.
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