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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 04, 1916
Page
11
In late trading traders absorbed news on the Mexican issues and a rumored withdrawal of punitive expedition as prices advanced though shares in copper and allied products were depressed in London.
Trading on July 3 showed a dull session with heavy declines in speculative issues as traders absorbed news of possible tax hikes and domestic strain. Mexican petroleum surged while bonds remained firm. notable gains appeared in Mercantile Marine and Cuban Cane Sugar with mixed activity in rail and utility issues.
Fragmentary New York market note shows mixed demand for Sterling and cables with varied monthly notes and unsettled figures. Mentions specific demand percentages and months but lacks clear entities or outcomes.
Market summaries and weather notes from Philadelphia reflect trading conditions and temperature trends. Data mentions local exchanges, price levels, and a rough forecast, with attention to demand shifts and regional climate indicators affecting commerce.
New York traders record dividend activity for 1916 with totals showing 234617 shares affected. Market movements reflect investor response to declared distributions and nearby economic signals across major listings.
Weekly and daily market reports from New York and Baltimore detail receipts and price ranges for cattle veal calves sheep and lambs hogs and poultry. Listings include specific head counts and price bands across beef cattle steers bulls cows stockers and feeders plus regional vegetable and dairy prices for butter eggs and cheese.
A lengthy report notes the United States set a new gold production record exceeding 100 million dollars in a year, with Alaska’s surge cited as a key factor. Experts foresee expanding U.S. gold reserves to bolster postwar finances, aligning with European war outcomes and international finance needs.
United States Treasury notes revenue receipts for the current month and year to date. Ordinary disbursements and available assets listed, including gold and silver holdings, federal reserve notes, and national bank deposits. Net balance in general fund and total cash assets detailed. bank note redemptions for the month.
Estimates by the Geological Survey show 261 million tons mined in the first half of 1916 and an expected 241 million in the second half. Increased demand from steel and rail industries drives the rise, with exports up about 19 percent and canal movement up 84 percent. Output in January 1916 exceeds 60 percent of April 1916, and analysts predict the year will break the 500 million ton mark despite occasional car shortages and labor disruptions.
The New York cotton market opened steady after a sharp Friday drop, with October contracts rising to 1294 and closing around 1295. Futures showed irregular moves but maintained a net uptick of a few points, as July and nearby months fluctuated within narrow ranges amid general steadiness.
New York reports a holiday impact on metal trading with small shifts in electrolytic and nearby contracts. Market notes indicate price ranges around 11 September and later, with figures 26 00 and 29 00 appearing in the ticker.
Credit balances and averages for various dates are listed with low clarity. The fragment references Puma, Shventa, and Ry Fa Z C3 deepsea items. Odd spellings obscure concrete entities. no clear events or persons emerge beyond numerical figures.
Pittsburgh July 3 Japan steps to lead as the largest foreign buyer in the U S steel market with orders around 28 million dollars placed by J Inouye T Yamada J Kamimura and others. Westinghouse Cambria and allied concerns hold the bulk of the contracts. Mills in Pittsburgh Wheeling Youngstown and Dayton will be rushed for months for the Imperial iron works at Yawata with a government appropriation of 20 million dollars for the plant.
The Department of Commerce reports exports from the United States to South America nearly doubled to about 7? billion in the last fiscal year, setting a high-water mark. Auto sales surged with American cars dominating January sales, while coal and timber shipments also more than doubled, reflecting strong interamerican trade despite wartime European withdrawals.
Special to The Washington Pont four men die instantly and a fifth is fatally injured when the Chattanooga Washington fast train strikes a crossing auto near Abingdon Virginia one mile west of town. Surviving passenger Samuel Woodward rushed to Abingdon Hospital unable to identify himself. The group had traveled from Saltville Va for a Fourth of July excursion. The engineer says the accident was unavoidable despite precautions.
The hearing over the Potomac Electric Power Company valuation continues as the Utilities Board will rule Thursday morning on who bears the burden of proving fairness. Washington Railway and Electric seeks to be joined as a respondent. Lawyer Join S Barbour urged procedural changes and cross examination of witnesses, while engineers from both sides were urged to meet to resolve cost discrepancies.
The ICC ruled that the Nashville Chattanooga and St Louis Railway could not lower coal and coke rates from Tennessee mines to Georgia destinations below the level set by Southern Railway. It ordered the prior competitive water rate restored. The line argued for a rate cut to access its mines, while the Southern Railway objected, saying the reduction harmed its position and should not be required to participate.
Equity and circuit divisions list numerous probate, lunacy, and mortality proceedings from the District of Columbia Supreme Court. Cases include Emma M. Fletcher guardianship, Campbell E Babcork lunacy, and Frenk Healy references with auditor orders, plus numerous estates and bond rulings.
Real estate transfers listed include Fragutin T Samper et al transferring lot 368 for $10 with a 30 stamp, and Three Roding Co to Robert Howt Mao. Transfers cover various blocks and lots across Mount Pleasant NorthWest, Harlem, and Park areas with multiple parcels, dates, and parties noted in brief entries.
Special to The Washington Post Baltimore July 3 James Frank Morrison a noted Baltimore electrical wizard who built the first long line telephone and revamped city fire and pollen alarm systems died at his home today of a tongue cancer He was born April 18 181 in St Johns New Brunswick and moved to Boston at 15 He became an engineer at 21 and later worked with the Baltimore and Ohio Railway Company and held power in state Democratic politics.
Louis W Maxson a prominent Kensington resident and longtime United States Patent Office official died last night in Johns Hopkins Hospital Baltimore after an operation for an internal disorder He was 61 Surviving his wife Minnie Rohrer of Washington are two sons Louis W Jr and Donald Maxson of New York The obituary notes his public service and family links amid a brief market note on a separate commodity exchange closing today.
A dense OCR keyed list details deeds of trust and mortgage terms across multiple properties. It names numerous individuals and firms such as Munsey Trant Company Eubank & Bro and Home Savings Bank, with square numbers and monthly payments varying from low hundreds to thousands, plus percent rates semiannual. The fragment surveys numerous parcels in blueprints, with many named grantors, grantees, and securing parties in a broad citywide real estate context.
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