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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 16, 1912
Page
2
A brisk rise in copper prices is noted as quotes near the high end, with slight strength in select stocks. The market shows mixed action across producers and traders, with some declines possible after early gains while investors await clearer movements in the steel and related metals sectors.
Local financial notes indicate subdued activity yesterday with little demand. Washington Gasway held at 12 dividend, trading 34 to 35. Washington Railway and Electric confined to 81 to 82. Lanston at 97 to 99.34. Mergenthaler steady at 2. Capital Traction scarce at 18. Washington Gas at 110.94. Brokers await clearer company plans before action.
Market volatility dominated trading with wheat surging and falling as prices fluctuated. Bank dividend actions were announced by the US Comptroller, boosting creditor payouts at Union National Bank of Columbus and First National Bank of Salmon Idaho as the exchanges posted large daily turnover.
Wholesale Florida fruits and vegetables in demand. Home grown apples scarce. Poultry market active with mixed quotes for chickens, turkeys, geese, and eggs. Vegetables listed include potatoes, cucumbers, beans, lettuce, peppers, tomatoes, cabbage, beets, and greens with varied per unit prices. Meats show lightweight pork and beef prices.
Market report from Washington showing stock trades and bond quotes for firms like Lanston Monotype Potomac Fire Insurance and Washington Gas. Grain prices for wheat corn oats and rye listed with spot and futures activity, plus butter eggs cheese and poultry markets. Weathered by a mixed session with profit taking and speculative activity. receipts and shipments noted for the day.
The New York cotton market eased after recent buyers stepped back while sellers pressed on amid lower Liverpool cables and expectations of a reaction following Saturday’s records. The close was barely steady with 9 to 17 points net gains for some months amid quiet trading. sales totaled 200 bales as January futures drifted.
New York April market report shows steady butter receipts around 3503 cases with wide price notes and state grade variations. Cattle and hogs receipts shift mixed with lambs and sheep trending steady to higher per head, while fats and lards exhibit firm national tones.
Gossipy dispatch from New York on April 1 traffic on external railroads showing fair improvement over last year. Illinois Central reports some flood interference but not enough to delay business. Atchison and Northwestern note mixed results. Amalgamated to hold dividend meeting. copper outlook improves with rising consumption. International Harvester stock foreseen to rise on upcoming annual statement and DOJ negotiations nearing a close.
New York April 18 Justice Erlanger chastised Henry Clay Pierce for not appearing or filing an affidavit to open a judgment won by Alice Gaycroft for 177000 dollars. Pierce’s counsel called the sum a flea bite, but the judge ordered payment, noting he would be compelled to pay if no affidavit is filed.
Hubert Snowden longtime Alexandria common council president and mayoral candidate died at home from heart disease. Born January 22 1851 he helped edit the Alexandria Gazette for nearly a century and was a prominent Democrat. Funeral at Christ Church tomorrow at 4 pm with Masons assisting._survived by wife and three children_
Baltimore Apel markets detail unsettled wheat spot contracts and various commodities including corn oats and dairy products. Regional prices span Maryland, Pennsylvania, and nearby states with notes on Southern and Western firsts, eggs, poultry, butter, and shipments data for Toledo and other centers.
Veal calves active and lamb prices quoted with per pound rates from the Washington cattle market. Hogs and grass values noted alongside sheep and calf figures, indicating market activity and price ranges for different livestock grades.
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