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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 04, 1914
Page
2
In New York the week closed with losses totaling about 27 million dollars as banks faced midyear payments and a dull trading pattern. London ended the week cheerfully with about 5000 shares bought, while Canadian loans and Brazilian negotiations signaled continued financial strain abroad.
A scan of New York bond market notes lists American Tobacco Armour & Co dis. Atlantic Coast Line est. Bethlehem Steel ref. Central Leather Chesapeake and Ohio bonds, Chicago Great Western and West Coast lines, Denver Rio Grande, Great Northern, Missouri Pacific, New York Central, Reading, Southern Pacific, Union Pacific, and Western Union among active issues. Prices and warrants cited, with several notes on debentures, preferreds, and ref. issues amid a broad tally of rail and industrials.
The report shows clearinghouse banks and trust companies hold 10,889,450 in excess reserves. Loans fell 2116,500,000. circulations up 41,248,000. total deposits declined to 672,370,600. The cotton market weakened with futures down to 12.13 cents per pound as rains aid crops and demand shifts.
Commodity prices and receipts across grains, dairy, poultry and fats show little change. Butter, eggs and pork steady. beef quiet. Oils and coffees move modestly with prime summer and winter yellow trends noted alongside nominal Rio and Santos coffee prices.
Spot firm values for No bard winter and new No 2 red at 87 for July shipment. Northern Duluth No 1 and Mayltads quotes around 99% futures. rust rumors shift Northwest sentiment. July at 94, September 87442, December 80. CORNEpot and yellow barley steady amid quiet trading.
Chicago July 3 hogs receipts about 1 000 market steady to 14 30 lower. heavy pigs around 1303.25. Cattle receipts near 1 007. steer prices 6.5 to 8.2. cows and heifers around 5.6 to 6.6. Sheep receipts around 900. prices mixed with calves near 8.25. New York offerings show 7 900 hogs and 30 calves noted with limited demand. overall market tones uneven.
The New York market relishes renewed confidence amid easing tensions after a dull spell. Bonds gain as midyear payments and reorganizations boost demand while gold accumulates in Paris and expectations mount for next week’s French loan. Bank clearings rise 28 percent, with optimism on US Exresa and agriculture shaping future volumes.
W B Hibbs & Co reports on mx dividend of 8e received amid mem bers building activity in New York markets. Investors watch ongoing price movements as firms expand operations and funding conditions show cautious optimism.
Baltimore market report dated July 3 shows firm wheat with No 2 red and No 3 white, growing poultry and egg prices across Maryland Pennsylvania and nearby states. Readings include live chickens heavy and small, ducks, spring poultry, and eggs with Maryland Pennsylvania firsts at two dollars per dozen.
New York reports show farmers adopting scientific methods boosting yields amid a year of mixed business mood. Wheat prospects in Kansas Oklahoma and Missouri point to record outputs while new acreage and improved soil practices promise sustained gains despite broader economic lethargy in 1913.
A condensed market item shows noon call quotations for Potomac Electric and Washington Railway and Electric preferred at various prices, with percentages and lots noted. American Security and Trust and Security Storage bonds appear with several price points and lot counts, including Potomac Electric gas bonds and related notes.
The report records stock trades and prices from American Security and Washington exchanges, noting shares of several companies including Waahingfin Gas and Potomac Consolidated bonds. It also reports incorporations of Whitmore Lynn Alden Co and The National Furniture Company, a bank call, a hotel dividend declaration, and a July to September Stock Exchange Saturday closure.
Treasury report shows this day revenue receipts of 2,717,225.00 and ordinary disbursements of 2,375,408.93. It lists gold coin base 46,722,029.12 and gold certificates 50,095,010.00 among general assets, with total cash assets of 2,008,519,964.85 and bank notes received for redemption at 2,886,581.80.
The market shows hogs at eight percent per pound and sheep at forty five cents per pound with veal calves at ten to ten and a half cents. Lambs and spring calves are noted, with a firm and active market at quoted figures and shipments dated July 1 and 2 in Ol City and related financial balances.
A historical table compiled by W. B. Hibbs lists active securities on the Washington Stock Exchange through July, detailing opening, high, low, and close prices. The array covers numerous issues including Georgetown Gas, City & Suburbs, Capital Traction, Washington Gas, Metro Rails, and several banks, railways, and utilities with figures showing daily ranges and year-to-date activity.
Market report shows a surge in steel line pipe exports totaling 15 000 tons and 10 400 tons of plates for oil tanks, with railroad equipment orders rising including 6 750 tons for Boston and Maine and 2 000 tons for Central Vermont. United States Steel notes June output and shipments slipped about 2 percent from May, but orders edged higher leaving unfilled orders down around 60 000 tons.
New York July 3 Bradstreet reports June as a good month for actual sales by wholesalers and retailers, despite midyear holidays. The dry goods, wearing apparel, and millinery sectors led gains, while overall trade remained steady and weather and crop prospects supported optimism. Failures numbered 243 but improved from last year, with wheat exports and bank savings showing notable figures.
Wholesale prices for Spring chickens, Butter, Cheese, Eggs, and a wide range of vegetables and fruits. Includes potatoes from Maine Michigan Florida Georgia North Carolina and more, with per sack per crate per barrel and per box quotes. Note: OCR garbling affects some items and spellings. Entities include Maine State, New York State, Virginia, Florida, California, South Carolina, North Carolina, Cuba, and specific fruit and vegetable items.
Call money steady at 1 2 percent, ruling rate 2 percent, close 12 7 percent. Time deposits show varied rates with 90 days at 2 4 percent, 90 days 24 2 percent, mercantile paper at 2K64%. Sterling demand strong for 60 days at 4 8580. Com mercial bill at 4954. Bar silver 36 percent. Mexican dollars 44. Government bonds steady.
Philadelphia market notes show a dairy firm in New York with mixed prices and limited detail. Other markets appear hazy in the scrambled telegraphic copy, hindering precise figures and outcomes for cheese and related commodities.
A Washington World telegraph notes Henry Ford received a presidential invitation to meet at the White House to discuss industrial conditions. Ford’s secretary says a date was not set though Ford may attend next week and possibly Thursday noon. The move follows a Detroit business letter urging a boycott of publications backing the administration.
Building permits issued in June total 942225 for opera i vans with costs split as 760000 for construction and 172985 for repairs. District totals show 470740 outside old city limits and construction in northwest 146780, northeast 3944, southwest 56600, southeast 3557 brick dwellings led with 325450 in total district. Brick repairs followed at 312449 with 146 brick and two frame buildings authorized.
The Department of Agriculture announced a 1 percent drop in prices paid to American producers for meat animals from May 1 to June 15, contrasting with a 16 percent rise a year earlier. For six months to June 15, prices rose 6.4 percent versus 2 percent the prior year, with June 15 averages at 72.03 dollars per 100 pounds, up from June 25, 1913.
Watertown July 4 1971 Wilam Brice former bank teller Fuchard Murphy ex assemblyman Baron Eugens Onpenheim and Howard Rogers deputy superintendent of public instruction NY indicted by federal grand jury for looting the First National Bank of Amsterdam between May 1971 and May 14 1971 they pleaded not guilty trials set two weeks from Monday
The Bank of Pine Bluff did not open for business today in accordance with a decision by its board of directors. State bank examiner Alun W Rapp reported the institution's last March 4 statement showed capital stock and surplus value, with deposits at 74 805, citing securities as the reason for suspension. In a separate note, Lieut G Spandaw, a Dutch aviator, died from injuries after an aeroplane accident at the Saonterhere aerodrome.
A compact OCR fragment notes a $3,000,000 EBT effort and a strong opening for a business, characterizing the venture as solid as the Rock of Gibraltar. Names, dates, and locations are not clear in the readable text.
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