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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 08, 1911
Page
2
The market closes on a steadier note with prices fluctuating within a calmer, more typical range. Standout gains appear for Standard Railway Shares, Amalgamated, Copper, General Electric, and Best Sugar, signaling a tentative upturn in several key sectors.
Wall Street firms applaud the inheritance tax relief on bonds and note a circular praising the tax shift as widening investment choices. The market opened firm but faced selling pressure, then steadied with gains in rail and industrial shares as sentiment improved. Strong quotes come from Union Pacific, Atchison, Great Northern, and others amid optimism on rail labor and steel demand.
In Elgin ML on Aug 7 the Washington Stock Exchange and New York Bond Market show a firm butter price with output listed at 928,200 units. The report notes activity across commodity markets as traders eye supply signals.
The New York cotton market from August to May showed mixed, unsettled trading with new crop deliveries selling above last week’s close while overall sentiment remained barely steady. Inter positions ranged from 4 to 26 points, with an apparent bull clique credited for the week’s upturn and large rotten purchases amid scattering selling.
The Washington Produce Market reports wholesale quotations for fresh fruits vegetables and related goods. Egg prices vary by region with Virginia West Virginia and Tennessee listed. butter cheese poultry and greens show wide per unit ranges. potatoes cucumbers onions and numerous items are priced in baskets crates or per pound with regional and crop distinctions and some typographical errors present in the listings.
Trading at the Washington Stock Exchange was dull on a mid summer Monday though sentiment remained firm. Mergenthaler stock led with strong interest while Washington Gas rallied on call. Bonds were quiet with few offers and some defensive buying appeared in national bank stocks.
Prices steady to firm across dairy, eggs, meat, and grains with mixed receipts. Butter creamery specials and state dairies show varied levels, eggs steady with middling firsts and seconds, poultry and flour holding firm, meats and lard steady, petroleum quiet, cotton and rosin subdued, and commodities like coffee sugar and potatoes showing modest movements.
Worried by escalating black rust news from Manitoba and North Dakota, Chicago grain markets surged with wheat futures near recent highs. Corn and oats also rose, while Kansas yield forecasts and Russia supply doubts added bullish pressure, followed by profit-taking before end of trading.
Chicago notes receipts with strong markets across cattle hogs and sheep including Texas and Western steers cows calves and less precise figures. Baltimore week figures show modest changes with cattle and hogs quoted. Prices vary by class with steady to higher trends and regional color in the detail.
At the start of business yesterday the Treasury reported a working balance of 90,215,797 in Treasury offices and 34,959,512 in banks and the Philippine treasury. The general fund totaled 153,290,613 with receipts of 2,842,017 and expenditures of 31,868,623. The year’s deficit stands at 14,996,048, compared with 8,714,987 at the same time last year. These figures cover Panama Canal and public debt transactions.
New York money on call remains steady at 2 1/2 percent with the ruling rate 2 percent. Time loans firm with 60 days at 3 3/4 percent and 90 days at 3 1/2 percent. Six months at 3 3/4 percent. Prime mercantile paper quoted at 4 3/4 percent. Sterling exchange steady with bankers' draws at 4.8399 for 90 days and 4.860% for demand. Government bonds steady, railroad bonds irregular.
Baltimore market notes show strong spot wheat at 83 Net, dull corn at 68, firm No 2 white oats new 44. Poultry prices list spring chickens large 18 per lb old hens 13 large and small ducks 12 13 per lb, Peking ducks 12 per lb, pigeons 20 per pair, guinea fowl 1 1b plus. Butter values range from 17 to 28 for various grades and regions including Maryland and Pennsylvania. Eggs for Maryland Pennsylvania and nearby firsts around 19 per dozen, with several regional quotes.
Philadelphia market report lists firm prices across commodities. Wheat at 91 1/2 cents, corn 2 yellow for local trade, oats 46 1/2 cents. Butter extra Western creamery 2 cents, eggs 6.00 per case, cheese 18 1/4 for NY full cream, poultry steady with varied prices for fowls, chickens, ducks, and roosters. Potatoes Jersey bucket 68 to 75 cents.
New York grain notes strong depot demand for No 2 red and No 1 Northern Duluth futures opening gains tied to Canadian rust and Northwest strength. September and December contracts closed with modest net advances after intraday volatility. Spot No 2 red 70 elevator basis. oats and barley with limited data and no activity in futures.
A bolt of lightning struck St John s Evangelical Church in Kohville during a funeral. Mrs Henry Conrad was killed and four other women, plus about a dozen more, were unconscious or prostrate as frightened congregants, mostly women, were shielded by calm men who prevented a panic. The sermon by Rev John Frank was interrupted as the bolt hit the steeple and chandelier.
Narragansett Pier August 7 Henry W. Harrison of Bryn Mawr polo team Devon Pa collided with Alexander Brown of Philadelphia during a tense rally on the Point Judith Polo Club field. Harrison suffered a broken collarbone and was rushed to a hotel for doctors. a Boston surgeon was summoned. He regained consciousness later and friends hope for a swift recovery. Harrison has been a leading figure in the Bryn Mawr squad and active in Pier society, just after attending a luncheon at the Casino with Mrs Harrison.
Valdez Alaska August 7 two ragged starving men Charles Alexander and Alvin Anderson were rescued from Bardwell Island near Resurrection Bay by the steamship Bertha. They had been marooned since May 11 after their dory voyage and storm wreck. For nourishment they lived on clams mussels seaweed herbs and raw meat until matches ran out July 1. Two passing ships failed to notice their distress signals.
Liverpool reports John Hays Hammond rejects the London Daily Mail claim that Consolidated Goldfield Company of South Africa bought a Yukon stake on his counsel. Hammond states he is unaware of any proposed flotation and has not advised British investors during his Scottish tour. He sails to Boston on the Franconia.
About 3,000 hungry and sleepy men women and children landed from fog bound craft after night at sea. Excursion steamers Dorothy Bradford and Betty Alden anchored off Boston and President Roads, one death reported from a powerboat fall. In Maine a schooner Eleazer Boynton was struck and sank by Camden, all five crew escaped. Ambassador Bacon returns to Paris after delaying voyage to New York.
Miss Madeline Traverse, returning from Europe aboard the liner America, reported the robbery of 400 from her suitcase in a cabin on August 1. Jewelry worth thousands remained untouched in a chatelaine bag. She said the thief likely diverted by seeing the envelope marked 400 while she went to answer a birthday wireless.
In Charlottesville on August 7, Albemarle Democrats unanimously endorsed Senator Thomas M Martins reelection bid on the courthouse green. George R B Michle presided as crowds cheered. Letters from UVAs President Alderman and Thomas W Page praising Martins record were read, with chief speech by George Perkins of Charlottesville.
Louis H. Colins of Covington and Grace M. Humphreys of Buena Vista wed in Washington after a brief courtship. They slipped away from host and found a minister to perform the ceremony on the automobile trip from Covington to Washington, D. C. Collins is an electrician formerly from Charlottesville. Humphreys had visited Buena Vista social circles and stayed with the Parkers for ten days.
Daniel Hicks the engineer and Robert Tately a colored fireman both from Raleigh North Carolina were killed in a collision on the Seaboard Air Line shortly after midnight a mile south of Petersburg Virginia. A freight engine backing into a siding allowed a passenger train to pass but the switch was left open. The passenger train crashed into the freight locomotive injuring no one on board and damaging both engines while traffic was interrupted briefly.
OL QUOTATIONS OM City Pa Aug 7 Credit balances 1.20 Runs 140 070 bhls average 112 503 bls Ship ments 419 157 average 202 982 Toledo Aug 7 North Lima 82 South Lima CT Indiana 77
Veal calves steady at the Washington market while hogs, sheep, lambs and veal calf prices show small variations. Hog price per cent gross around 64 to 64.5, sheep around 3.3 per pound, lambs spring choice near 6.44 to 6.476, veal calves choice around 6.49 per pound.
New York August 7 Standard copper quotes show quiet trading with August at 12.17?2 and 12 31?2, September October and November at 1220 12.37? It was a holiday in London so markets revived later. Arrivals in New York reported up to 9 tons with exports for the month at 620 tons. Lake copper electrolytic 1.62% 17.73, casting 237?M 12 30. Foundry Northern Southern and Ne.
A listing of equity and circuit court items before Justice Barnard includes temporary restraining orders, rule returnable dates, and various attorney assignments. Proceedings cover name change for Samuil Nowardvaraki, alimony and counsel fees, receivers appointed in several estates, publication orders, and hearings extended or continued. Multiple cases name plaintiff and defense firms, with dates August 7 through September 16 and additional probate, bankruptcy, and divorce matters listed.
Real estate transfers reported across multiple neighborhoods. Transactions include American Security and Trust Company to Reginald R Walker for property on Wisconsin Avenue and Dumbarton Street, then transfers to S Duncan Bradley and Georgetown Gas Light Company, plus numerous parcels on Twenty First Street Northwest, Tenth Street Northeast, and other blocks. Notable values include 52 700 dollars for a square 1243 parcel and 16 contributions for other plots. various trustees and buyers such as Mamie Regan, Norman A Merritt, and David Jann Fon appear in listed transfers.
Deeds of trust recorded for multiple properties securing loans from firms including Washington Trust and Metropolis Building Association. Transactions reference numerous blocks and lots such as Mass Avenue Heights, Dobbins Addition, Ingleside, and other named squares with amounts from 600 to 28,000 dollars and rates around 5 to 6 percent with semiannual installments. Names include Risdon, Knoop, Emmerich, and Cahill among others.
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