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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 18, 1912
Page
2
Wall Street ends unsettled after a costly maritime disaster era. International Mercantile Marine gains on some issues while steel profits dip amid labor talks and quarter announcements. Bond markets remain irregular as overall volume totals near $2.45 million par value.
In New York on April 17 the bond market showed thin activity with few standout moves. Notable issues included Armour and various rail and utility bonds, while prices drifted modestly as dealers weighed imputed yields and upcoming economic data.
Closing prices list obscure mining and ore names including Copper Range, Consolidated Utah Copper, Mohawk Nipiswig, Kanby Consolidated, North Butte, and Lake Superior districts. Fragmentary OCR yields scattered company hints and values, with several unreadable items.
The following quotations match those received by W. B. Hibbs & Co. bankers and brokers in the Hibbs Building. They are members of the New York Stock Exchange the Chicago Board of Trade and the Washington Stock Exchange.
Wholesale quotations show high demand for Florida fruits and vegetables with mixed poultry activity. Prices span apples and pears through various vegetables and greens, with exact figures listed for potatoes, cucumbers, onions, peppers, okra, and greens, plus assorted fruits and dried goods.
Market notes for Philadelphia show firm cheese and butter, Western creamery specials, and ultra firm poultry prices including fowls and broilers. Money on call rests at 2 1/2 percent with time loans at 3 to 3 1/2 percent. mercantile paper at 4 1/2 percent. Government bonds steady, railroad bonds irregular. hogs and sheep prices listed with calve and cattle quotes.
A fragmented market report from New York and London shows copper prices and futures for May June and July around 15.50 with notable spreads. It mentions customs cases exposing exports, ship activity data, and credit documents with figures for shipments and averages, including references to Toledo and various regional lots.
The piece explains Erie’s stock strength tied to Underwood’s note sale, detailing a $20,000,000 three year investment plan and projected $6,000,000 annual net gain. It notes Baltimore and Ohio earnings prospects from soft coal tonnage, potential convertible bonds, and a bustling equipment market with orders for up to 50,000 cars. Marconi Wireless stock surges amid London consolidation bets, while Virginis Chemical faces pressure from poor cotton crop news and a 3 point decline in shares.
The Washington Stock Exchange saw strength amid dull days with gains in Washington Hallway Electric common and Washington Gas as demand outpaced limited supply. Railway common rose after call trading, while Potomac Electric and Washington Gas showed strong interest. overall market improved led by favored stocks. Exports surged in March, with U S exports exceeding prior records by over 2 percent, total nine months to March at 1.711 billion dollars. Bankers to hear Walter C. Clenhane on Agency and Trusteeship. A wholesale liquor dealer William P Fant filed for voluntary bankruptcy with assets of 1000 dollars and liabilities of 271.83 dollars.
Market roundup with mixed commodity notes from New York including dairy cheese milk and creamery prices, poultry, flour, hay, pork and beef firmness, cottonseed oil values, petroleum, sugar, and potatoes with regional price ranges and market conditions. Notable entries feature state and nearby dairy receipts and various package terms, with attention to steady or firm trends across multiple sectors.
Chicago on April 17 saw wheat prices fluctuating as rough weather and weak demand influenced trades. Prices closed with modest declines to gains across grains. oats advanced slightly, while barley and feeds showed mixed movement amid late trading.
A long report explains how the U S Navy hydrographic office issues pilot charts and daily memoranda showing ice fields derelicts and navigation hazards in the North Atlantic. It notes radio telex updates from ports like Boston New York and Norfolk and recalls the Titanic disaster as related to a message from the Amerika with positions and times.
New York April 17 reports show cotton prices leaping to new highs amid frantic buying spurred by heavy farm work delays. Trading closed with gains of 11 to 34 points, spot cotton firm at 10 points higher, middling up to 11.80, gulf at 12.95, with 70 bales sold.
Baltimore markets list prices for corn oats butter and poultry with scattered regional notes. Entries show spot and contract terms, regional fat and dairy products, and live poultry prices across Maryland Virginia West Virginia North Carolina and Pennsylvania.
Live stock market roundup with April figures and varied price moves. Cattle notables include steers and bulls strengthening to mixed levels while cows hold steady, calves and dressed weights mixed. hog receipts rise with moderate gains, and Texas steers and western stock volumes show diverse ranges amid fluctuating demand.
Capt. Hugh Magin of the Hamburg American liner President Lincoln says they sighted a two small and one large berg about 600 feet high and 8,000 feet long on April 12 at 4 30 a m. He describes dense ice and a wall of ice 260 feet high, forcing a course change and a turn toward clear water. Other vessels including the Deutschland and Allan liner Corsican reported similar ice conditions with cautious southward routing.
New York April 17. Conference committee managers of tern railways conferred again on the Brotherhood of motive Engineers demand for a wave of 18 percent. Instead of replying formally to the notice that a strike had been approved by a majority, it was believed six managers would invite the committee to another conference for a final determination. Tonight the managers announced they would meet again tomorrow for a definite statement. Heavy storm causes damage across Appalachians and Virginia. A fierce storm from Stone Gap to eastern Kentucky and southern Virginia wrought extensive damage to vegetation, timber, fruits, and livestock.
In a New York American piece B C Forbes reflects on the Titanic disaster and the Olympic voyage, criticizing pier misjudgments, slow rescue, and crowded lifeboats. He urges safer practices, more lifeboats, and a return to common sense in ship design and management.
New York April 11 Wheat spot irregular with slight firming late on covering as South West and Spring Wheat States sent favorable reports. May 1.14, July 1.10 11 16 111%. Corn spot firm 92% with futures nominal. Oats spot firm standard white. Receipts 125,400 bushels. shipments 3,558.
Fragmentary market brief lists receipts of 2,534 bushels and shipments past rye, noting a firm to arrive from Mo 2 Mt emi and a quoted nominal market for items. Names and places are incomplete due to OCR.
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