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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 17, 1915
Page
2
Foreign exchange failed to steady as demand for sterling weakened to 4.64 while stocks rose on steel gains and new high notes for American Car Pressed Steel Car and Studebaker. Traders weighed bank conference news and remittance declines amid mixed global demand.
New York trading on August 16 featured curb quotations across the bond and stock boards. Notable listings included Interborough Rapid Transit, Norfolk and Western cv, Union Pacific 6s, Pennsylvania gen 4s, Reading xen, Southern Railway, United States Steel, and Westinghouse Electric among many others, with bids and asks reflecting varied price levels and yields. The report lists numerous corporate bonds, state and industrial issues, and miscellaneous notes across banks, utilities, and rail lines, illustrating a broad market at mid-August.
In OW City on August 18 credit balances show 2.45 runs with 340 216 shipments and 77 099 averages. New York quotes for cottonseed oil list prime crude, summer yellow, with monthly prices from August to March and winter or summer grades, reflecting a range around 5.68 to 6.90 per unit and noting seasonal primes.
In New York on Aug 16 traders worried that a Gulf storm could reduce open cotton in the Southwest yet buying remained restrained. Prices eased late with the close showing a net decline of seven to eight points. Futures varied with October near 93 and December around 89.
New York money market notes show mercantile paper at 1/2 percent, sterling rates for 60 days at 4.63 and demand 4.6726, with other currencies listed. Government bonds steady, railroad bonds irregular, call money firm with high 2 and low 1 percent. Washington cattle market reports prices for calves and lambs with ranges across categories.
Reports from New York indicate a presidents meeting of anthracite railroads at the Trunk Line Association to discuss the Interstate Commerce Commission rate decision. Copper demand with a foreign government order in the market supports a price around 18 cents per pound, while war-order rumors lift sentiment. Domestic business continues, and United Cigar Stores Co. July earnings show record turnover of 2,612,758 with gains over 1914 and 1912.
New York reports cautious optimism from John Skelton Williams, noting increasing bank reserves and deposits while mercantile borrowing stays light. Some stock exchange lending remains above 1 percent, with rumors of par touches, large profits from war orders, and dividend expectations shaping wage demands in a recovering but cautious economy.
Local financial notes describe a notably tight securities market with only a few transactions in two stocks at noon. Langston led the activity with a bid reaching 76 after the call, while transactions in Washington Gas were sparse. Activity in street railway stocks was dead and bonds saw limited demand, though there remains growing interest in Langston due to favorable earnings and anticipated profits from recent contracts. Allan E Walker and John L Edwards were away on a trip, Hibbs remained at his country place near Leesburg.
Chicago grain markets eased after receipts reached 1,368 carloads. Wheat held steady near close with September around 1.94 and December near 1.04, while corn oats and provisions fell modestly. Futures show mixed shifts across wheat corn and oats with varied nearby months and price levels.
New York market notes show varied prices for creamery eggs poultry and flour. Listed are receipts totals, grade ranges, and product names from butter to pork and beef with stated price ranges and quality descriptors.
In a corrected report for Friday August 18 1915 Washington Gas stock shows 72 percent after a prior misprint of 71 percent. The day’s listings include bonds and stocks across utilities railroads and banks with prices ranging from 81 to 109 percent and notable holdings in Capital Traction Co and Washington Gas among others.
United States Treasury figures show a deficit for the fiscal year at 7, with receipts and payments outlined. The report lists cash assets, gold and silver holdings, reserve funds, and bank note redemptions, totaling 2.403 billion dollars in cash assets and 248 million in general fund assets, with daily revenue and disbursement figures for August 24, 1945.
In the Supreme Court District of Columbia divisions the docket lists numerous matters across equity probate and criminal divisions. Cases include appointments of administrators receivers and guardians and actions for partition and property relief. Multiple estates and trusts are involved with detailed asset tallies and attorneys noted for each proceeding.
Market summary from Philadelphia on August 11 shows butter mixed with lower Western creamery extra and nearby prints, eggs higher for nearby firsts, cheese lower with New York full cream notes, wheat softer for No 2 red, corn quiet but firm with 90 to 31 percent steamer terms, oats scarce for No 2 white as late hold. Major items include Western extra firats and firers with free cases, and local/district price references.
A dated brokerage notice lists numerous securities with bid and ask levels including Potomac Consol, Continental Trust, Mergenthaler, Washington Street properties, and other stocks and bonds. It announces previews, acceptances, and cancellations, plus instructions to deliver cash at the broker’s office at 1410 G Street.
A historic local ad lists poultry prices per pound for Alve Fbne and ducks, turkeys and roosters, dressed fowl, New York State cheese, butter, eggs from nearby Virginia and western regions, and a wide range of vegetables and fruits. Items include turnips, spinach, corn, lettuce, cabbage, and citrus, with prices in cents and dollars per unit or crate.
New York market reports erratic wheat with No. 2 red at 1 ft, No. 2 hard at 4, and futures easing with September at 133. Corn steady at 38% lake and rail, oats weak on spot, standard 66 4 5, rye noted steady to 1.06, barley firm for feeding. Grain activity shows mixed spot signals and modest futures movement, with Buffalo prices cited.
Market bulletin lists electrolytic copper settled at 17.25 to 18.00 in New York, London spot copper at £67 17s, futures at £69 6s, electrolytic copper at £40 16s. Iron grade Northern No 1 at 16.00, Northern No 2 at 15.26 16.76, Southern No 1 at 15.00 46.50, Southern No 2 at 24.76.
Chicago hogs receipts 31 000 weak but price ranges mixed mid six to seven hundred with heavies around six hundred. Cattle receipts 12 006 steady native beef calves and heifers within three to five hundred. Sheep receipts 17 090 weak with wethers ewes and lambs pricing around five to six eighty. New York beeves receipts 3 682 weak steers around seven to ten dollars, cows and bulls mixed. Calves 4 190 weak with veals around five to twelve fifty. Sheep and lambs receipts 20 516 weak with ewes and lambs pricing nearby. Hog receipts 7 350 steady heavy to medium hogs 7 0 to 9 3.30 and roughs 6 40 to 5D.
Deeds of trust recorded involve Easter Park and adjacent properties as security for loans. Listed lenders include American Security and Trust Company and Washington Loan and Frost Company, with amounts ranging around 600 to 2,000 dollars and interest rates at 4 to 8 percent. Debtors include Walter Johnson, Mary Leahy, Margaret Koonce, and others, securing various lots and parcels with monthly or semiannual payments.
A compact note presents L L Perkins work titled E s and You staged at the Seniors Building. The snippet mentions Fidelity 4 Unaranty Cn and Pheme M 013 in reference to the event location and participants.
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