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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 29, 1912
Page
2
New York traders see higher steel shares on a broad market upswing while rumors of a British coal strike being averted support sentiment. Union Pacific Reading and United States Steel led gains though gains narrowed late as investors noted labor disputes and wide market movements.
Market notes from New York and Washington show call prices steady around 361% with a general sense of firmness in bonds and stocks. The report mentions refunding rates and government securities, with various bond issue quotes and a snapshot of commodity and currency details amid unsettled conditions.
New York reports show Central Leather Company posting a deficit for the year with a minority stockholders committee to probe causes. Directors elected aside from Nathan Allen, replaced by Leopold Rossbach. American Tobacco notes resignations of Ryan and Brown. Pittsburgh Steel plans stock increase to 71.5 million and two new blast furnaces. Erie Railroad approves $10 million in three year notes to complete double tracking to Chicago.
Large transfers dominated the session with Potomac Electric Consolidated and Washington Gas trading at higher levels. Galt activity included 8,000 worth at the same price and 5,000 at 102 7-8, while Washington Gas breached the 14 mark and remained in good demand. Washington Railway and Electric stayed active but had no sales yesterday, with bids at 71 and 72 1/3 asks. Capital Traction slipped to 133 8, while Moergentheler fell on small sales. Graphophone preferred remained around 45 for odd lots as earnings news buoyed some demand.
Chicago dispatch reports Marcus A. Jordan brother of Eldridge E. Jordan of United States Trust Co plans to start a banking career with Commercial National Bank. The note also covers wheat market swings, bank reserve figures, and property sales by Mrs. Kate W. Babcock in Washington, with references to regulatory actions by the Comptroller and bank examinations.
Spot wheat firm as buyers push No 2 from investors and traders on bullish private reports. Futures firm with May July contracts closing higher amid strong cash demand and steady receipts. barley remains quiet while corn shows mixed action across elevators and street markets.
Henry Miller presents The Rainbow at the Columbia next Monday night. Adapted by E. Thomes from Her Husband's Wife and Little Boy Blue, the charming comedy centers on a father's love for his daughter amid family misunderstanding, traveling from Fifth Avenue to the Mediterranean with a large supporting cast. Madame Sherry heads the National's next week with a strong NY company, followed by Belasco audiences for The Wall Street Girl and other vaudeville acts, plus a bank note suit and convention wrap.
New York reports from February state Gayety Girls at the Lyceum and Broadway liquidation failed to spark strong attendance next week. The schedule lists two new musical comedies In Search of a Widow and Two Spot Enttan with 40 artists and several song hits amid quiet trading in uplands and cotton prices.
The Philommon Society of New York presents an art orchestral concert at the National next Tuesday at 4 30 pm featuring Josef Lhevinne as soloist performing Rubenstein piano concerto No 6. The program includes Mozart Entfuehrung aus dem Serail Strauss Love Scene from Feuersnot and Shostakovich Symphony No 4. The Heinrich Hammer String Quartet offers a Sunday concert at 3 pm at the Columbia with Hamme r violinist Breeskin viola Lorleberg cello and plans Beethoven and Mozart string quartets.
Quoted wholesale prices show Florida fruits and vegetables in strong demand while home grown produce remains scarce. Poultry receipts are liberal and the market active with mixed quotes across eggs, dairy, and a wide range of fruits and vegetables including tomatoes cucumbers onions peppers and citrus from Florida and surrounding regions.
W B Hibbs & Co and other members of the New York Stock Exchange are noted in market chatter regarding current trades and listings. The report hints at daily activity and evolving quotes affecting brokerage houses locally listed in New York.
Market notes list New York butter and dairy receipts with varying prices for firsts and seconds, alongside eggs, flour, pork, lard, cottonseed oil, sugar, coffee, potatoes, cabbages, and peanuts. The report records steady or firm tones in several commodities, with regional notes on Western goods and imports.
Chicago and New York live stock markets show receipts and varied bids. Cattle receipts around 17 000 with steady bids for cattle and calves. hogs and sheep also reported with mixed prices and regional demand.
Baltimore markets report varied dairy and poultry prices across regions including Maryland Virginia and Pennsylvania. Spot wheat and corn contracts appear mixed with color terms and load quantities. live poultry and eggs show multiple weight and price categories across wholesalers and retailers.
Disappearance of Dr. H C Spencer, a well known Gainesville physician, is being investigated after a car with his medicine intact was found abandoned roadside. Search parties scoured the area Monday night and into Tuesday as authorities pursue leads about the doctor’s sudden absence.
The Rev. Brother Justin Stephen McMahon thrice head of colleges died today near Philadelphia from a stroke. He graduated from Christian Brothers College in Montreal in the early fifties and taught in Washington Lattimore Grueber and Utica. He served as president of St Marys College San Francisco and Manhattan College New York and led the Christian Brothers College in St Louis.
Dalhart Texas woman Mrs. M. Joseph Sayler perished in a Sunday blizzard while seeking her husband who had ridden out to aid cattle. A rescue party found her frozen body miles from the Sayler home after the storm kept him away.
Oxnard Cal Feb 2. Saturnlent, last of the San Buena Ventura Indians, died at Ventura County Hospital at age 104. He is credited with aiding Franciscan fathers in erecting the Ventura Mission.
Philadelphia market report notes wheat and corn price shifts with exports and domestic demand firm. Butter, eggs, cheese, poultry show mixed motions with various grade changes and regional supply reflecting ongoing fluctuations in demand and supply.
Copper prices show steadiness with spot and futures quoted in New York and London markets. Export data and domestic warrants appear alongside miscellaneous listings and incomplete identifiers, reflecting a fragmented midweek metals report.
Local report lists oil price figures with city names Ohio and Pennsylvania. It notes averages, shipments, and regional quotations for February with ridged figures and percentages for Lima and Indians in the northeast markets.
The document presents a bank balance sheet detailing assets including due from state and private banks and bankers, exchanges, notes of other banks, and reserves. It lists liabilities such as capital stock, surplus, undivided profits, and deposits and notes the cashier's oath and notary attestations dated February 77 1912.
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