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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 06, 1911
Page
2
Wabash shares slid as market interest waned with broad weakness in stocks. Canadian Pacific softened while Meridan Canada’s dividend announcement drew attention. The day featured volatile trading as investors weighed railroad prospects and industrials including American Can and United States…
A fragmented OCR produced item covers New York bond market figures including internal revenue receipts of 608,511.00, total postal receipts 1,328,348.47, and deficits cited for the year. It lists treasury holdings such as gold certificates and silver, and references treasury notes, national banks, and related financial indicators with several monetary totals and balances.
The fragmentary OCR lists diverse terms including treasury, foreign notes, Soret, lanes, mills, Poona, ranges, consolidated items, and copper references. It appears as a garbled historical currency or financial text with multiple misread terms and place names. No coherent event or person emerges from the unreadable lines.
Dec 5 government bond notes show regular issues including 5 percent and 4 percent coupons. Prices and yields varied as traders noted coupon payments and trading levels across issues.
Philadelphia market report shows wheat down 1 with No 4 red export, corn steady No 8 yellow local trade, oats firm No 2 white. Butter firm Western creamery extra, eggs steady near 1980 per cage, cheese firm higher in New York full creams. Poultry mixed with live fowl prices 9 9 1 2 percent, dressed poultry steady with various regional ranges.
Regular noon call details show Washington Railway and Electric at various share levels, Potomac Electric Consolidated and Washington Gas activity, plus Mergenthaler Linotype, Commercial National Bank and Union Trust postings. Listed prices include multiple 102 and 118 ranges with several $1,000 blocks and a few fractional bids, reflecting a busy trading session.
The local security market was active with Potomac Electric and Washington Railway and Electric bonds trading around 102 and 47 respectively. United States Trust rose after Senator Scott’s resignation, Union Trust gained, and Commerce National Bank touched 198 as overall tone remained firmer with strong demand.
Prices for butter cheese and eggs from New York markets show unchanged lower grades and firm dairy items. Fresh gathered sorts, No. 1 and No. 5 grades, refrigerator items, and local storage terms appear with varied notes on prices and quality across a broad dairy range.
Grain and dairy quotes from Chicago show wheat and corn firming, rye steady, oats mixed. poultry and butter ranges listed with regional variations across Maryland Pennsylvania West Virginia and nearby states. Dressed turkeys, chickens, ducks, geese and eggs priced by weight or dozen with regional differentials noted.
New York reports on copper and iron market activity with prices for standard copper futures and London quotes. Arrivals in New York reach 295 tons with 2.825 tons imported this month from customs. Notes mention Lake copper and electrolite, with assorted standard castings and warrants in London showing varied values.
New York grain prices show weak spot for wheat, with No 7 red at 954 elevator and export basis. Futures fell on liquidation, ample receipts, rising stocks, and Northwest weakness. December at 954 967-18, May 1.02 1.03 13-16. Corn spot easing, futures steadier on fine weather. December 126728, 72% close. Oats demand soft for standard white, futures nominal. barley steady amid light activity. Receipts and shipments listed for each grain.
The Sunday Post next issue will feature Col. V. Nicolaeff on The Long Hand of the Czar in America. It reveals the inside story of discrediting Maxim Gorky in New York, a result attributed to Russian spy machinations.
Special to The Washington Fest reports heavy losses at Wabash including a 445000 deficit for the year and a 6112000 balance sheet shortfall. The issue strains with Wheeling and Lake Erie notes and defunct subsidiaries. Reorganization and new managerial control are announced amid cautious banker stance and a looming receivership.
New York stocks receive updated figures through W B Hibbs & Co with small one cent increments noted as members of the Washington Stock Exchange.
New York December 6 A plan for financial readjustment and reorganization of the Wabash Railroad was adopted by directors. Kuhn Loeb & Co named syndicate managers amid talk of possible receivership avoidance. Winslow Pierce returns as chairman, with Edwin Hawley Robert Goelet and Alvin Krech joining the board as new directors.
Chicago and New York market summaries show cattle receipts about 7 200 and 1 258 head with steady to higher bids, hogs around 44 000 head and mixed weights, and sheep receipts near 25 000 head with steady to easier trends. Prices reflect Texas steers around 4.10 to 5.78, hogs in the 5.75 to 8.30 range, and sheep and lambs mostly steady with regional variations.
New York money markets show call money at 4 4 per cent on relingnate bids with offers around 4 Time loans for 30 days and 90 days quoted near 4 per cent For government and rail bonds the market remained steady Sterling exchange figures show bankers bills near 4 8 for 0 day bills and 4 8620 for demand Commercial bills at 4 84 Mexican dollars at 46% Government bonds steady with rail and road bonds heavier.
Veal calves quiet with prices quoted per cwt and per lb. Lambs shown as choice and medium rates. Market quotations from Toledo Ohio and North Kina include mixed figures and unclear notations, reflecting common 19th century trading shorthand for cattle and veal pricing.
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