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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 05, 1913
Page
9
New York stock market ends erratic after morning softness and late rally as call money rises to high levels prompting hurried selling of speculative holdings. Southern railroads gain on favorable earnings reports while copper shares lag amid unsettled overseas conditions and continued bank reserve strain.
Tennessee Copper declares 7 percent quarterly dividend as November output hits new records. Union Pacific rumors of extra dividend plans are denied. stock advances align with dividend-paying peers. Imperial Tobacco stock dividend considered for American Tobacco. Chesapeake and Ohio tariffs show no earnings impact by Oct 81. Norfolk and Western ownership inquiries denied. American Snuff declares 2 percent extra dividend plus regular preferred dividend.
The listing covers Virginia, Pennsylvania, Maryland, and Delaware fruit and vegetables with notes on home grown produce and poultry. Prices are given for potatoes, sweet potatoes, yams, onions, lettuce, peppers, okra, carrots, beets, string beans, tomatoes, cabbage, celery, lettuce varieties, greens, citrus, grapes, pears, and oranges with per crate, basket, or per box quotations.
Washington cattle market figures show spring values for hogs veal calves and dressed york, with New York receipts and prices for creamery products, eggs, poultry, and pork. The report lists steady to firm conditions across meat and dairy commodities, plus financial market notes on call money and government bonds.
Baltimore reports a mixed commodity market with various cotton grades listed, including No 2 red and No 4 red at fractional values. Poultry and butter sections show scattered prices for live chicken in multiple weight classes and dairy items with regional notes, reflecting a broad daily market summary.
New York grain notes show spot prices for No 3 red at 1.00 elev domestic with a 6 percent float, No 1 Northern Duluth at 9 1/2, futures inactive but steady with December at 98 1/2 and May at 28 3/4. Corn spot firm with old No 2 yellow at 35 nominal elevator domestic. Oats steady. Barley quiet.
The Metal MarketNY reports copper trading is quiet with standard spot and futures not quoted. Prices seen as nominal or varied in casting and electralytic sectors. Oddities include unclear references to Vandon rer steady and Trek-Quiet id unchanged amid uncertain market terms.
The local security market yesterday was fairly active with bond purchases again the feature. Prices remained stationary and there was no market gossip. Washington Railway and Electric common rose to 87 with 87 1/2 for preferred. Capital Traction sold at 11 1/2 with bids at 14 and offers around 12. Washington Loan and Trust traded at 38 1/2, first in months. Potomac Electric eased to 9 7/8, Columbia Railroad 5s at 93, Capital Tractions at 107 1/2, and Washington Railway and Electric at 8.
Livestock receipts listed for hogs, cattle, and sheep show price ranges and trends. HOGE receipts around 49 000 heads with varied classes, cattle about 6 000 head with steady beeves, stockers and calves. sheep receipts 23 600 heads with native and yearling prices provided. New York figures note beef, calves, sheep, and hog receipts with steady or improving prices across categories.
Philadelphia market notes show butter and cheese steady with little change, eggs steady with nearby receipts around 12 300. No. 2 red export and No. 1 Northern Duluth export prices mentioned. oats firm and unchanged, additional references to dressed meats and poultry appear amid steady prices.
The piece discusses varied views on when to pursue Sherman law actions against large firms like the American Coin Company, noting supply of caution among New York business leaders and the Merchants Association. It cites concerns from past steel pool prosecutions and relates current fears about legal action undermining business confidence and credit conditions.
A balmy Alexandria day produced a snow scare as large flakes appeared on a tall apartment house roof. It turned out to be feathers from a goose the wife of a prominent attorney was plucking there, not snow. Vice President Marshall is set to speak at Washington's Birthday banquet in D C.
Marshall and Senator Owen of Oklahoma Thompson of Kansas Martin and Swanson of Virginia will deliver the principal address. Invitations extended by Masons leaders. Washington’s birth anniversary banquet planned for February 23. Government charter updates include W. H. May & Son and National Freight Rate Auditing Company. Del Ray area residents seek regular mail delivery with routing debates between St Elmo and Alexandria offices. James Milton Evans, 60, Alexandria carpenter, dies of pneumonia. funeral Sunday. Alva Aerie elects officers for year. Eugene B. Taylor to lecture on Walks in Rome at St Paul’s Young Men’s Club.
Secretary McAdoo removed 45 applicants from eligibility for customs service and tax deputy roles. Hamlin and Osborne will personally examine prospective appointees, enforcing business qualifications including legal or import/export experience. The move aims to curb ward politician influence while ensuring capable administration and revenue collection.
New York Cotton Exchange adopted five amendments to rules including government type standards monthly revision of spot quotation differences and changes in classification and enforcement of commission law The grades Good ordinary low molding tinged strict middling fair and fair were eliminated The commissions committee will receive complaints and refer warranted cases to the supervisor for action First offense penalties for violations of the commission law were raised from six to twelve months suspension.
Custom inspectors seized jewelry and gowns valued at 100000 belonging to Mr and Mrs W Allen Dunlap after the Dunlaps failed to prove exemption from duties claiming nonresident status They say they have been abroad a year and will occupy a Garden City Long Island home This case will be sent to the United States district attorney tomorrow Dunlap’s father founded a hat business and he married Miss Lavender Byers in 1907
Chicago grain prices showed uneven moves with drought and poor quality southern crops weighing on sentiment. Wheat futures traded around key levels while corn and oats posted modest gains amid cautious trading in the open market.
Denver endures a severe snowstorm with 20 to 24 inches fallen by 7 pm. No let up expected for ten hours as street car traffic stops and suburban and overland trains run late or suspended. Thousands trapped downtown and transit severely disrupted.
New York December 4 Jean Milton head chef at the Ritz Carlton Hotel was fined 23000 for violating immigration law by bringing three assistants from France under contract Milton pleaded guilty and asked leniency arguing a master chef is an artist like a famous singer.
In Boston the Federal court will view moving pictures tomorrow showing United Shoe Machinery Company operations. The images illustrate machines in various stages of production as part of the government dissolution action.
The notice announces a 1 percent dividend on capital stock and details from the treasurer Croft dated December 2, 1912. It specifies the dividend payment for shareholders and records from the office of the company.
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