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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 21, 1914
Page
8
Reports say a possible $200000000 banking syndicate could be formed to prop up prices when the stock exchange reopens amid rising demand for commercial paper.Banks release funds amid uncertain market as a syndicate rumored to form to stabilize prices after exchange reopening.
The United States corn crop is projected near normal at about 2.7 billion bushels. The forecast, based on data up to August, notes overall good contents but uneven quality with drought and excessive heat hurting crops in Texas Arkansas Missouri Mississippi Louisiana and Alabama.
New York Aug 20 Directors of the tesineake and Ghia Railway decided to defer the regular quarterly dividend at a per cent rate. They issued a statement noting wage increases since the Milend policy and the Interstate Commerce Commission matter as factors. London discount rates edged lower at the London bank discount window. Paris reduced the Bank of France discount rate by two basis points.
In a dramatic stand near Liege the defenders refuse passage to the advancing foe. The scene evokes medieval heroism as guns roar and civilians watch a last line hold at a crucial bridge. Ode-like rhythm and vivid ch excerpts highlight resilience against overwhelming odds.
The Washington Post will publish daily brief impartial war surveys from Staais Zeitung in New York and Courrier des Etats-Unis. Experts will extract salient news from reliable sources and interpret it from German and French perspectives for readers.
From the Staats-Zeitung New York Aug 21 a Rome casualty mourns a pope seeking peace. Brussels falls toward Antwerp. German generals praise central planning and morale. British press mocked mobilization as Germany rapidly fields millions. Editorials note racial boundary ideas and European unity amid the conflict.
From the Courrier des Etats-Unis New York Aug 22 1914 German advances in Belgium prompt talk of a large turning movement by Allied forces. The piece discusses potential northern center strikes near Wavre, possible splits of the German army, Antwerp fortresses, and Meuse defenses. It notes Belgian retreat as forces concentrate, and hints at broader peace considerations and maritime strategy in Britain and America. The unnamed author Herman Ridder is cited.
Heirs of Fielding Lewis of Marmion in King George County sold the Bettie Washington Lewis portrait to the Mount Vernon Association. Painted by Peale, it had hung 129 years beside Fielding Lewis I. The image shows Bettie in youth, bright and serene, though she never lived at Marmion.
Oil purchasing agencies moved prices up in Pennsylvania crude to 1.45 with a 0.05 rise for other grades. Quotations include Pennerloais 1.43 Mercer bigck end Newcastle 1.05 Corning and Somerset 0.85 Cabell 1.05 and Ragland 0.65. A Liverpool Cotton Association cable says a three member committee will meet New York, New Orleans committees to discuss liquidation commitments. Domestic mills have signaled a willingness to meet, with plans to push liquidation of remaining speculative positions. Plums and read about New York Post Sunday August.
In Lima on August, Peruvian Congress authorized banks to issue five million dollars in bank checks. These checks are guaranteed 35 percent by gold and the rest by mortgages. Gold circulation is paralyzed and the public welcomes these panic checks as necessary for commerce.
The Philadelphia markets show butter and cheese firm while wheat corn and oats remain steady. Poultry and dressed beef steady. broilers at high prices per pound, sheep and veal values listed, spring lambs quoted at a level near 86 per hundredweight.
Western railroad magnate Newman Erb discusses European shock at war and its immediate embargo on U S rail expansion. He details plans for a north south grid along the Mississippi, reliance on existing lines, and the need for fresh capital to modernize and expand Gulf port facilities amid unsettled credit.
Chicago and New York livestock markets show mixed hog and cattle quotes. Hog receipts around 12,000 in Chicago with varied weights. cattle receipts about 4,360 with steady to higher bids. New York wholesale beef and calves receipts noted. hog trades range up to about 9.78. Lambs and sheep also cited with moderate prices and several carloads noted.
Revenue receipts and ordinary disbursements are listed for the day and month with year-to-date totals. The general fund assets, gold and silver holdings, and treasury balances are detailed, alongside New York produce market notes on butter cheese eggs poultry and cottonseed oil prices and futures.
New York grain prices show varied movement with difficile quotes across commodities. Spot bids ease for No 2 red and corn futures crowd the market as shipments from Argentina and Manitoba influence price levels while oats and rye show subdued activity and barley remains steady.
Wholesale prices show vegetables cheaper than in 25 years despite agitation costs. Poultry and butter figures listed. extensive fruit and veg items including lettuce, peppers, potatoes, oranges, apples, grapes, watermelons, and pears priced per crate or per basket with various regional notes.
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