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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 29, 1909
Page
2
New York September 28 Prices advanced across the market with United States Steel and other issues posting record prices. Erie reports strong recoveries from Monday losses as investors speculate about fall selling and dividend prospects impacting steel and mining stocks.
New York dispatch discusses Wabash Railway beliefs that a June year deficit is overstated due to self payments of dividends and rising equipment costs. It notes steady steel prices, rising tonnage orders from Pennsylvania, and mixed railroad stock activity with Atchison and Southern Pacific leading gains.
The page records stock quotes and financial notes including Balen and Union Bank figures. It lists prices around 10834 and 206 with partial figures for other securities, referencing Metropolitan Bank and various percentages and shares. The text appears as fragmented OCR data from the Washington market page with scattered figures and company references.
The Washington cattle market shows steady demand and rising prices through the day with September and December contracts advancing. Cattle, hogs, sheep, and calves are listed with varied prices and firmness, including extra and butcher cattle, grass and ordinary hogs, and prime and common sheep and lamb values, plus fat and veal items and round fruits.
New York cotton prices edged higher at times amid stronger support but closed barely steady with a small gain. The market cited ongoing selling pressure, late day pressure from commissions, and rumors of bullish government reports. traders noted activity from Wall Street houses and note of October notices from New Orleans traders. Continuous price action reflected broader commodity strength and shifting demand amid weather and coastal market rumors.
The Norwegian steamer Gere carrying coal to Cuba foundered off the Delaware Capes after 4 miles south of the lightship. Eight men perished. seven survived by clinging to wreckage and a small boat, later picked up by the British steamer Arroyo. Captain Meyer and engineer H J Neilsen were among the dead.
F H Haegelman, a nonresident, facing a levy on Harriman estate holdings in Illinois. Judge Kinaker appoints J Scott Matthews to appraise the estate for tax purposes including stakes in the Finney Central and Chicago and Albany Falkard companies. State seeks inheritance tax on property within Illinois.
The Wu shang viceroy reports Hu-Peh gentry threaten rebellion if the Hankow Sza Chuen Railroad loan of 20000.09 is signed without their revision. Mu-Peh gentry elect delegates to protest in Peijing. Local newspapers publish violent cartoons depleting the lumination of Ching over the loan.
Samuel McRoberts of Chicago elected 9 vice president of the Watlonat Cy Bank. He represents Armour interests in Chicago and the West. his move to National City Bank diretorship signals steps toward organizing a South American bank with Buenos Aires as headquarters and branches across the region, aiming to control beet supply and by-products.
In London on September 28 Premier Asquith rejected calls for an apology after the Castlereagh reception on September 18 when police ordered a saloonkeeper to remove the American flag. MP Patrick O'Brien accused the incident of insulting the flag. Asquith said no insult was intended and noted similar flag removal in Britain, asserting no Washington protest. Also reported are New York grain figures with wheat prices and market movement.
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