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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 13, 1915
Page
6
Bethlehem Steel led gains as a mixed market action produced heavy trading and profits. metal shares firm while motors showed strength. Investors tracked a session of speculative activity with notable short selling, a feverish late rally, and broad fluctuations across industrials and transportation issues.
The New York grain notes show spot firmness in some bids while oats and cereals slip as futures steady, with the cotton market easing after a strong session. Traders monitor export demand and nearby contracts as prices drift across multiple months.
Chicago grain til cage notes April 17 with Bulls gaining the advan tage in wheat and new crop futures trading while old crop cargoes expected to move Heavily around the Great Lakes Cash grain prices listed for wheat corn oats and barley futures and bids. May and July contracts show varied moves across wheat corn oats lard ribs and pork prices with credit balances and shipment averages reported for City Market balance figures and shipments totals.
A New York April 12 report notes a syndicate buying $27 million in New York New Haven and Hartford 1 year notes with cash from the rail treasury to fund debt payments and collateral. Bethlehem Steel trades show high turnover with little new supply as short interest drives activity. The American Railway Association cites a smaller than expected freight car surplus, with a March 1 net idle cars drop of 674, signaling a spring business revival though still modest.
The New York stock market activity for Monday April 12 1940 shows trading in broad indices with mixed results. Investors weighed industrials and rail shares amid continued war risk and domestic policy signals.
New York April 12 John Loundes McLaurin former South Carolina senator is seen as a potential driver of southern commercial growth. He has crafted a warehouse and credit plan for cotton tied to New York bankers and state support, aiming to finance crops with warehouse certificates and state backing.
The Washington market opened with stable conditions and a tendency for higher bond and stock levels. Demand was good for active issues, with notable activity in Mergenthaler and Capital Traction as prices firmed, while Potomac Electric, Capital Traction and Washington Railway and Electric bonds saw steady interest and firm bids.
The report lists regular sales at noon for Capital Traction Ro Ro bonds and Suburban bonds with bids at 103 and 102 percent. Washington Railway and Electric notes show bids around 81 to 1007 percent with 1000 and 3000 dollar lots. Mengenthaler Linotype issues and a Washington Railway common are cited with prices around 59 to 175 percent, reflecting trading activity and call results.
United States Treasury reports balance in general fund 93 694 487 with total receipts 1 460 700 000 and total payments 1 896 000 000 marking a year deficit of 98 912 045 against last year’s 198 679 000. Revenue receipts for the day 2029 014 371 and ordinary disbursements 2 465 940 000. General fund assets listed include gold certificates 73 380 080 standard silver dollars 6 160 717 00 and silver certificates 11 092 5 406 with total assets at 299 8 858 4 81 and liabilities subtracted leaving ongoing deficit figures.
Complex legal notices reference the Probate Court of the United States for the District of Columbia. Citations, guardians, executors, and probate actions are listed with deadlines, dates, and clerical entries. Readers are warned to exhibit claims by March 2, 1915, or be barred by law.
Sealed proposals were invited for various items including lamp paste, gasoline, forage, and other commodities. Bids were to be opened in Washington with details on charges, delivery, and specifications as part of a federal fund program.
Wholesale prices for alive poultry including hens and turkeys, dressed chickens and ducks. Newark state cheese and Elgin butter. Virginia eggs. a wide range of vegetables and fruits with per pound, per crate, per sack, and per box rates. Includes potatoes, lettuce, peppers, tomatoes, and citrus from Florida and California with multiple unit measures.
Baltimore Md markets report shows spot prices for Wheat No 2 red at 1e9 and 2 red at 16M with steamers, Corn firmer with No 2 white 63 77 percent, Oats steady at 63 , Poultry prices for chickens hens roosters ducks and eggs across Maryland Pennsylvania and nearby regions, Butter and dairy prints range 28 33 cents per pound, eggs at 19 21 cents per dozen for flats and western regions.
New York money markets show weak sterling and dull der nils with cables around 473h and domain 4795. Government and railroad bonds steady with irregular time loans firmer, rates near 4% for 3 to 6 months. Prime crude futures listed with varied months from April to November, others indicating yellow and white varieties at 675 to 750.
Washington Horse and Mule Exchange at 212 11th St N W offers horses and miles fresh from the farm for sale. Auctions every Monday at 9 AM feature a range of carriages saddles and assorted gear plus farm equipment and two wheeled carts.
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