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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 27, 1917
Page
8
Editorials across major papers react to President Wilson’s congressional appeal for armed neutrality and a $100,000,000 bond authority. Viewpoints range from full support for swift action to caution about war risk, with emphasis on congressional session timing, neutrality, and potential extra sessions.
The Local Stock Exchange reports regular sales with Capital Traction Railroads at 105 percent for multiple lots including 31 000 and 1 000 shares, and 20 shares at 33 dollars with bids from SIX at 25 and 83 percent. Washington Railway and Electric shows price at 82.1 with 82 percent, Mergenthaler Linotype lists 167 percent for several units, and American Graphophone at 107 percent for 100 shares.
Chicago prices declined modestly on wheat markets, following La Conia sinking and Wilson speech, with May and July quotations easing. Corn and oats softened, while provisions rose. cash grain and futures reflect mixed shifts across wheat, corn, oats, and rye, with regional price spreads noted in Philadelphia and New York for butter eggs cheese and poultry.
The cotton market opened quiet with nerves over politics and shipping, but bullish Southeast advice gave some lift. May prices peaked around 16.53 and closed near 16.86, while nearby futures showed uneven moves and Liverpool selling pressure kept the market near day lows.
A period market list shows poultry rates per pound for hens, turkeys, and spring chickens, along with cheese, butter, eggs, and a wide range of vegetables and fruits with per box or per hundredweight pricing. Included are bonds and stock listings for gas, railroad, utility, and various companies, reflecting era market quotes and financial instruments.
Chicago hogs and cattle show mixed, receipts near 61 000 hogs and 16 000 cattle with prices moving up 15 20 cents. New York marks steady to weak for beef and lambs, hogs higher, calves soft, week totals sized for Baltimore cattle and sheep with price shifts.
A heated debate began early in the day as the House considered a sundry civil bill authorizing $285,000 for a Leavenworth convict furniture factory and $445,000 for an Atlanta penal textile shop. Opponents warn convict labor could unfairly compete with private workers, while supporters note potential federal savings and standardization.
Week opened on the Washington Stock Exchange with little brokerage order accumulation. Washington Gas saw a price retreat amid buying orders withdrawal while Capital Traction sold 170 shares. Public utilities had scant activity with minor Washington Railway and Electric filings and few bond movements. Overall, market mood remained listless with no clear downturn or improvement.
London reports 28 men arrested in Ireland under the defense of the realm act. Henry E. Duke says arrests aim to safeguard public safety and no trials are planned. Nationalist leader John Dillon denounces the moves as dangerously provocative and predicts further turmoil.
London reports Admiral Str Hedworth Meux criticizes those backing Lord Fisher, former first sea lord, as traitors and says if he had stayed in service he would have been shot. He denounces the drive to reinstate Fisher as Hydra headed by those who failed, while George Lambert laments Jeffries’s removal and calls for a gigantic effort against the submarine menace.
In Halifax British authorities removed rubber heels from German officials traveling with Count von Bernatoff on the Frederik VIII during close contraband checks. All passengers were later cleared. The ship plans to depart after bunkering 10,000 tons of coal, expected by tomorrow morning. In Boise Idaho the House approved a constitutional convention to consider creating a new state from Idaho's ten northern counties.
Market notes from New York show firm prices across commodities including flour with multiple patent grades, leather and pork ranges, beef and lard values, rice and molasses steadiness, coffee and sugar mixed, butter fading, eggs and cheese receipts, and poultry supply nearly exhausted as slaughterhouses remain closed. Key figures include winter patents at 87648.90, pork mess 33.50 34.00, butter down, eggs at 6 587 cases, and chicken prices around 1.30 1.34 per lb.
The Metal Market reports spot and nearby copper at 88.00 85.00 nominal with third quarter at 11.00 382.60, iron steady with Northern and Southern grades listed, No 2 at 31.50 32.50 and Southern at 20.50 4741.50. London spot copper £139 with futures £136 108, electrolytic £151, spot tin crepes 4% 7550.26.
In New York on February 26 the oil market shows mixed front month and contract values with primase summer yellow listed at 12.68 for March and 12.69 for April. Longer terms stretch to 13.64 for May through July and 12.67 for August with 12.66 for September and 11.91 for October.
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