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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 09, 1916
Page
8
Shipping shares led activity with Mercantile Marine and United Fruit among top gainers. Rail stocks showed strength at times as market sentiment shifted toward bullish tones amid favorable crop and commodity signals. Bond prices were mixed and overall totals reflected steady turnover with some war-point notes unchanged.
New York stock market reports general sales totaling 120 items with overall activity noting 244,954 shares traded. Further details not clear due to fragmented text.
Government crop report bullish on wheat spark. market closed firmer with September at 1.33 1/2 and December 1.37. Corn varied from slight declines to modest gains while oats drifted lower and provisions rose. Cash grain values listed for several No. grades. widespread commodity rates shown for butter eggs cheese and pork beef lard.
International Mercantile Marine Company plans a new board with 16 of 17 directors named. the seventeenth resides in New Jersey. Lindsay Light declares 2 percent extra on common stock, amid usual quarterly dividends. July copper at East Butte reaches a monthly high. JP Morgan & Co deposits $2.5 million gold from Canada, boosting total imports to $199,996,000. Paper stocks rise on strong pools with favorable dividend outlooks. International Paper hits new highs, American Writing Paper climbs close to recent peak.
Mercantile paper ranges 3 to 4 percent with sterling 60 day bills at 4.75 and cables at 4.767 to 18. France and German currencies quoted with various demand and cable levels. Silver and Mexican dollar prices noted, time loans steady, call money firm with a high and low range, closing bid around 2 percent.
Holland reports that heat and drought across the northwest have damaged wheat and corn prospects, restraining securities while boosting wheat prices and hay values. He notes cotton prospects remain strong but hay and forage crops may exceed cotton in value, with potential railroad labor disruption impacting markets.
Baltimore and Chicago market notes show wheat, oats, poultry, and butter ranges with varied receipts. Hogs and cattle in Chicago were largely steady to weak, with lambs and sheep prices cited, while New York and regional items list grain and dairy figures alongside live poultry values.
Oil quotations show credit balances at 2.40 with city and port balances listed. Runas total 163,168 average paneer shipments 70,375 with an average 43,780 noted.
Regular call at noon shows Capital Traction trading 8 at 85 percent and 2 at 85 percent. Washington Railway and Electric bids 7 at 81 percent. Grapho.com notes 10 at 165, Grapho.pid. 10 at 165, 10 at 165, and 244 at 165. After call Commercial National Bank 2 at 194 percent.
A detailed listing of poultry dairy produce and green fruits with per unit prices. Hens, turkeys, spring chickens priced by pound. New York State cheese, Elgin butter. Virginia eggs. numerous vegetables by bulk, crate, or basket. green fruits including California oranges, grapefruit, lemons, apples, peaches, berries, currants, plums, cantaloupes with varied price ranges.
A compact price listing from the Washington cattle market shows hog prices at 9 percent dressed and small to medium grades around 10 to 11 percent, heavy hogs at 10 percent, and sheep and veal calves priced mid ranges. Spring lambs are listed near 10 to 11 percent, with various grades noted.
United States Treasury report details deficits of 10,475,356 this fiscal year and 11,871,478 last year, with comprehensive figures for receipts, disbursements, and balances. It lists available gold and silver, banknote redemptions, and total cash in general fund across multiple accounts and denominations.
Local financial notes report a narrow market with dwindling volume yet sustained prices. American Graphophone shares rebounded to 165 with close bids 164, while Can ital Traction and Washington Railway electric preferred issues showed limited activity. F. A. Connolly & Co plans Bond Building presence on New York avenue with E. F. Hut ton & Co. as correspondents, led by broker F. A. Connolly.
Philadelphia markets report August 8 shows butter steady and eggs firm with cheese steady and wheat lower. No. 3 white corn oats and cork prices noted with steady tendency.
New York August 8 prime crude Cottonseed Oil quoted at 7.47 nominal. Prime summer yellow ranges 9.30 and futures for August 9.28 September 9.22 October 8. N November 8.71 December 8.72 January 8.74 February 8.76 March 8.88. Primes winter yellow and summer whites at 9.40.
In New York on August, May contracts hit the 15 cent level as December climbed from 14.30 to 14.67, closing at 14.58. The general list posted a 15 to 17 point daily advance with futures showing varied highs and lows across August, October, December, and May terms.
Copper and tin prices show steady or firm trends in New York and London trading. Electrolytic copper quotes range around 25.00 to 27.00 in New York with steady futures, tin holds around 27.87 in spot in New York and futures near 27.87 to 3raily. London spot copper £10 and futures £106 with electrolytic £124, spot tin £167 58 and futures £163.
The new farm loan board under the rural credits act opens hearings August 21 in Portland Maine to map districts and establish twelve farm loan banks. The board plans nationwide visits, likely needing at least six men to outline districts and organize the system. Members were introduced to President Wilson by Secretary McAdoo, who praised the start of work.
Comptroller Warwick rules government may use unspent funds from a 2 750 000 refugees home project to pay fees in suits against loan violators. About 70 percent of loans have been repaid while 300 000 to 400 000 remains unspent. Interstate Commerce Commission approves a 5 cent rise per 100 pounds on clean rice from most U S producing points. Proposals to raise rough rice and rice products were not justified.
Drapery and upholstery ad offering slip covers to order and a five piece parlor suite with prices 4.50 and 7.50 for upholstery, with work guaranteed. Includes multiple business lines: wallpapering, house painting, and window cleaning. Contact Main B1A8 for samples and services at 420 10th St NW and 612 Osteron Street.
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