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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 31, 1913
Page
13
London trading opens dull with holiday mood. Southern Pacific heavily traded and rose then eased. Consols firm at 74 8, Amalgamated Copper steady, Rio Tinto weak, American rails firmer, Steel soft. Wheat mixed with quiet demand. corn and oats steady. barley flat.
Chicago buyers push corn and wheat higher as Labor Day holiday approaches, with corn lead in activity and mixed gains across grain futures. New York banks show strong reserve levels with a slight weekly decrease, while wholesale vegetable and dairy prices hold firm in regional markets.
National City Bank was cleared by Charles Starek national bank examiner in New York detailing no wrongdoing in the alleged 44 400 000 loan to Chicago street railway companies last spring. The report says the loan resembled a syndicate purchase of securities and the bank merely exceeded its corporate powers as several banks did in related cases.
Complaints were filed yesterday before the Interstate Commerce Commission by the Pittsburgh Steel Company and the Wheeling Steel and Iron Company against railways including the Pennsylvania and Lake Shore. They challenge the ascent rate from lower Great Lakes ports to Pittsburgh district furnaces as excessive and unreasonable and seek substantial reductions.
New York August reports show robust orders for wire products and steel shipments. Major deals by American Steels and Wire, Standard Oil, and domestic mills push volumes near 750,000 tons for subsidiaries, with August the strongest quarter month and pig iron sales reaching 200,000 tons across several foundry and steel companies.
The Hibbs & Co table shows active securities on the Washington Stock Exchange through August 593 with opening high low and close prices. Notable entries include Georgetown Gas Ssil4 and Capital Traction with varied bids, plus numerous banks, rail stocks, and utilities. totals reflect substantial activity across multiple sectors and regions.
The metal markets were quiet with Lake copper quotes around 16.35 to 16.50 for electrolytic and 15.70 for casting, iron price unclear. Money rates were nominal with mercantile paper at 5 6 percent, sterling around 4.8265 to 4.8680. Cattle market notes include spring lambs and hogs with unclear per pound figures and veal calves listed with fractional prices.
The last week in August showed dullness due to a three day holiday but money conditions improved. Deposits with banks in the South and West loosened credit stringency, mercantile paper bought more freely, and time funds on collateral rose. Rail earnings up nearly 10 percent per mile supported optimism despite crop anxieties shifting from corn to cotton.
Baltimore Maryland August 30 Wheat closes firm spot No 2 red and September with October at 41 2 percent Oats No 2 white new standard white old 46 47 asked No 3 white 4414 old 46 asked No 4 white new 2 0e Bh with pricing terse and inconsistent OCR.
Oil quotations list regional prices for WWooster North Lime South Lima and Indiana with Toledo rates and Pa credit balances. Elizabeth A. Dove, niece of the late Anaries B. Dove, is named devisee and executrix in the will dated May 14 192, offered for probate at 408 New York Avenue Northwest.
Building permits were issued to numerous owners and firms for repairs and new constructions in the past week. Notable items include moving picture theater construction by Florida Amusement Company at 1438 Florida avenue for $10,000, multiple two and four story dwellings, garages, and electric passenger or freight elevators installed by Otis Elevator Co. at several addresses across northwest and northeast sections, with costs ranging from a few hundred to several thousand dollars.
A bulletin from the real estate board outlines ideal room exposures to maximize sunlight. Living rooms should face east, dining rooms avoid western exposure, kitchens favor north or northeast, and bedrooms demand ample light with bed positions planned for health and comfort.
The week saw several real estate changes including Harry V. Boute buying 1016 Ninth Street NW and Alfred P. Leyburn acquiring 1409. Emanuel Baumgarten bought the southwest corner of Thirteenth and H to house his business. Harry A. Este purchased eleven lots near Lincoln Park for homes at 3200 to 1822? Street NE. Mrs. Mary McCauley sold 220 B Street SE to James M. Place. A $12,500 trust was allowed to remain. Chase's Theater sale from P. B. Chase to B. F. Keith involves a long lease, with Mr Keith bound for the balance of a $760,000 lease after one year into a twenty year term at $40,000 annually.
Rumors tie Gimbel Brothers of Philadelphia and New York to the vacant northwest corner at F and 13th streets. A building report lists property owners as Gimbel Brothers, with little data beyond an architect named P. No confirmation yet. Other entries note a 1126 Georgia Avenue dwelling, a four story 1816 Q Street project, and a hospital repair at 7th and W Streets Northwest with listed costs.
A new Massachusetts law requires each city with over 1000 inhabitants to form planning boards and appoint or elect members. Boards must study resources and health impacts in rentals, develop housing plans, report annually, and cities or towns may enact ordinances or by laws with budget authority for implementation.
H W Hilleary and Co. complete sale of Tiverton in Albemarle County near Greenwood to John Guthrie Hopkins for William E Boeing of Seattle. Property valued at 225000 with 1237 acres, a 20 room brick Georgian house, extensive outbuildings, and landscaped grounds.
The Asbury Methodist Episcopal Church at K and Eleventh is receiving rapid repairs under pastor Rev. Matthew Clarr. A Fifth and Q street church requires about 3000. Storm damage hit several colored churches, including Plymouth Congregational at Seventeenth and P with Rev. A C Garner and Nineteenth Street Baptist at Nineteenth and I with Rev. Walter H Brooky.
Eight houses under construction by Harry Wardman on the triangle of Rhode Island Avenue WV Street and Second Street Northeast are nearly finished. The pressed brick homes sit on a high point with frontier views, face two streets, and include six rooms on the first floor plus three bedrooms and a bath upstairs. Interior finish is hardwood and prices range from 4250 to 5000, with two sold.
The article notes unprecedented growth for Sixteenth Street Highlands in Washington with nearly a quarter million dollars spent on high quality homes in the past fifteen months. It calls these homes true residences and praises builders and buyers for taste and business sense, highlighting rare opportunities at moderate prices in a prime city location.
We offer detached residences for discerning buyers. Highlighted are brick veneer and hollow tile houses in modernized Spanish mission and Queen Anne styles. Each home features 8 to 12 rooms, 1 to 3 baths, hot water heat, gas and electric lights, elegant interiors, broad porches, beautiful lawns, and large lots. Open daily for inspection.
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