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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 02, 1915
Page
2
In New York the market shows sentiment improved by abolition of minimum prices with gains in New York Central and Pennsylvania lines. Total stock sales reach 441,100 shares as investors evaluate Rock Island and steel issues amid mixed reactions in conservative quarters.
The New York stock market reports a trading day with mixed results as investors react to early earnings data. Major indices show modest gains in technology shares while industrials ease, awaiting guidance from upcoming economic indicators.
New York April 1 A report on the steel industry cites Charles Schwab with about 46 million dollars in on hand orders while noting other U S industries could match the volume. The piece discusses Morgan and Co as Britain's commercial agent and argues this diplomacy could unite banking interests to ease credits for foreign buyers.
Market notes report mixed cattle and veal receipts at New York and spring commodities. April figures show varied prices for cows, heifers, lambs, and calves, with fringe mentions of stock numbers and trading outlooks in a terse, stock-quote style.
Nervous unsettled trade as options show minor rallies and near daily lows. Sluggish demand from exporters and oilseeds trade buoyed exports. prices dip to day’s lows before late recovery. Futures show January around 10.55, October 10.35, December 10.? Domestic receipts and shipping totals cited. broader market notes include golds and war-time financing comments.
New York reports strong commission house buying with bulls building profit while traders face losses. Europe imports capital as a major house sells over 1,000,000 stocks and bonds to England and the Continent. Pennsylvania Railroad February report shows revenue gains and lower operating costs with net earnings rising. Stock exchanges remove minimums, Chicago Philadelphia Boston lead, London watchful.
April 1 market brief shows Bleads fowls weaker and fresh killed poultry in light trading. Tallow steady with no current markets noted. Hog and calf prices appear undeveloped, with stray figures like 14 for cattle lean toward lower bids amid cautious buyers.
Activity in the Joegs securities market was mixed with total exchange trades reaching 28 560 and a broader range of issues. Fotomaco Electric consolidates at 100 12 1990, Washington Railway and Electric 4s rise, Capital Traction s steady, and Washington Gases weaken despite early 104 1 2. Metropolitan National Bank declares a 3 percent semiannual dividend payable April 15. The New York Stock Exchange ends minimum price rules while local exchange delays June alignment until after Easter.
The report lists ongoing sales and quotes across several securities including Washington Gag 5a, City and Suburbania, Washington Railway and Electric 4s, Chesapeake and Potomac Telephone 6s, Potomac Electric Consolidated 5s, and Capital Traction. Amounts range from $1,000 to $30,000 with prices shown mostly near par, alongside odd lots and partial executions.
United States Treasury reports closing balance and totals for receipts and payments. Net balance and deficit figure stand at 492,476,046 dollars, compared with last year’s 30,364,089 dollar deficit, excluding Panama Canal and public debt transactions.
Wholesale poultry prices and farm products list for March 31 1915 alongside full treasury assets and receipts data. Markets show butter creamery prices and eggs with steady live poultry values. Financial section covers revenue, disbursements, and total cash assets across gold silver and government notes.
The Exchange Bank of Washington on Twentieth Street and Pennsylvania Avenue NW completed its first year with about 3.60 depositors and deposits above 210,1KH. President Dr Mark Finley and cashier John Flynn lead the bank with a $50,000 capital and $1,000 surplus as local business grows. Sets Day to Hear Railroads: the Interstate Commerce Commission schedules April 23 for a hearing where Southern Chesapeake and Ohio Norfolk and Western Seaboard Air Line and Atlantic Coast Line railroads may defend ownership of Old Dominion Steamship and Virginia Navigation in Panama Canal act conflict.
New York April 1 Mercantile Paper and sterling exchange show varied movement with cables at 4.7975 and demand bar silver at 50. Government bonds are easy, loans irregular, and 60 day and 90 day rates cited. Closing bid and offer details incomplete amid unsettled figures.
American Telephone and Telegraph Co will pay a dividend of two Colleen per share on Thursday April 15 to stockholders of record at close of business on Wednesday March 31 1910.
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