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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 05, 1911
Page
2
A report notes a baffling bank situation with small price shifts and figures showing New York cash reserves nearly wiped out. The ruling rate sits at around a percent, while Wabash securities remain active. KovA and Sorel trade favorably.
New York December 4 Wabash common and preferred rose then fell closing near last week’s level. Wabash Pittsburgh Terminal bonds and related issues moved with volatility as talks of financing and reorganizing the Wabash network resurfaced. Market turnover was light, with 221,000 shares trading, amid broader shifts after the death of John Gates and a nominal Standard Oil Management change.
Foreign quotations received by W. E. Wibbs & Co. Hibbs Building confirm same figures as those from the New York Stock Exchange Board of Trade and Washington Stock Exchange.
WASHINGTON STOCK EXCHANGE, OW City. Va. Dee 4. credit imlaures Rune 313,882 average 55,931 stlamenty average 294,640 Elgin Butter Market high Wh Dee 4 butters Fire Me an advance oF le Output B20
Markets in Washington Hallway and Electric common opened with bids from last week at 45 to 47, quickly absorbed. More than 300 shares traded within that range as the close found stock scarce, bid at 46 and offer at 47, with 75 shares changing hands at 47, while Great Falls and Old Dominion drew attention but no sales occurred. Washington Gas rose to 47 for odd lots and larger blocks held firm, and a nominal bid of 4 persisted before advancing to 126 on a regular car, though no sale at any price.
The Union National Bank of Columbus, Ohio, suspended business by board resolution. Comptroller of the Currency placed Goddard in charge. officials cited rumors draining funds and impaired reserves. Bank assets included about 2.3 million in deposits and 0.75 million capital with 0.7 million surplus. President Mourtright and VP Stewart led the institution with hopes of depositor repayment in the fall.
Baltimore markets report mixed wheat prices with spot and contract figures, and a wide listing of farm goods. The section covers live poultry including ducks and chickens, dressed poultry like turkeys and geese, and dairy products with varied price notes and regional references.
Market report from New York on December 1 notes steadiness in WHEAT with specific bids for No 1 northern and Duluth options, while futures drift lower on ample world exports and arrivals. LORN and RYE show easy to stable tone with spot and futures influenced by receipts and weather. barley remains steady to firm in milling quality. The piece ends with an unrelated medicinal advertisement urging Hood's Sarsaparilla for various ailments.
In Rockville Maryland the jury found Archie Thompson not guilty in the September 16 murder of Joseph M. Pope of Gaithersburg. Prosecution argued Thompson fired the fatal shot, while the defense contended the elder Pope was killed by a shot from his son John during a drunken fight. Testimony showed both Thompson and John Pope were drunk. which man fired the fatal bullet remained unsettled.
Gov Dix will appoint a new health officer for the port of New York to replace Tir Alvali HL Detr. Charles K. Bulger of Osweso submitted a report recommending removal. Bulger says quarantine duties were mismanaged as the health officer pursued social life over strenuous duties.
Fire swept the Texas State Penitentiary damaging all buildings except the main cell block where long term convicts were confined. Losses estimate 360 dollars with no insurance. No lives lost. Prisoners remained inside or worked to fight the blaze and those in cells were released to help.
Supply increases by over a million basels and heavy Western receipts push wheat futures higher while market observers note large arrivals and favorable weather in Argentina. Prices rise on strong shipments and weekly demand as traders monitor grain flows and storage levels amid a turbulent market.
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