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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 10, 1915
Page
2
The market shows weakness with London selling pressure and variable exchange trends. Sterling advances on some bills but overall sentiment remains cautious as railway leaders face pressure and foreign demand fluctuates.
The day’s most dramatic move occurs on Broad Street as Electric Boat common jumps from 155 to 137, gaining over 40 points before noon amid war orders valued above $20 million. Submarine work and allied contracting are forecast to remain highly profitable, with U S Steel to release June business results.
The July 1927 New York Times style item notes J P Morgan was attacked in summer at his home, amid reports that Britain would place a loan of at least 100 million dollars. It describes possible talks between Morgan and Sir Cecil Spring-Rice, British bankers, and treasury officials about a British loan coordinated with American banks to stabilize exchange markets. It mentions Henry P Davison and other financiers traveling to London to finalize terms and discussed aiding Allied credit and foreign exchange protections.
A dense OCR list shows regular stock calls and bond prices for Potomac Electric, Washington Gas, Capital Traction, and other utility and railroad securities. Prices include 105% on Cap Traction and 110% on Potomac Electric, with various $1,000 lots and percent notes, alongside gas bonds and national stocks.
The United States Treasury reports end of day balances showing a general fund surplus of 1,204,298, a deficit of 1,452,035, and total cash assets near 2.6 billion. Across notes and securities the ledger lists silver certificates, United States notes, Treasury notes, reserve notes, and assorted coin values.
The Local Produce Market lists prices for live poultry and dressed poultry including hens roosters ducks and turkeys with various regional price quotes. Cheese butter eggs and vegetables from Georgia to North Carolina appear with multiple per unit and per crate prices. The week also shows stock and bond sales data and inland movement figures for several cities and industries.
New York money market figures show demand and cables activity mixed. Government bonds steady with rail bonds heavy and time loans steady. Foreign and domestic figures include rates around 1 to 2 percent for short and medium terms, with various cables and quotations noted.
WSPA perk PHIL IT GOVERNMENT BONDS. July 3. Sutter receipts show varied dairy and farming prices with eggs and creamery items. References to milk fats, whites, geothered extras, and dressed poultry indicate a broad commodity market snapshot with fluctuating prices across multiple products.
Unease over U S harvest delays and lower western European yield estimates offset a bearish Washington crop report. Prices moved mixed with hogs and corn rising, oats steady, and soy futures showing firm late gains. cash wheat and corn quotes noted with nearby delivery months and ranges.
Live stock market notes from Chicago July reporting hogs receipts 24 000 head with lower bulk prices mixed ranges heavy and rough quoted. Cattle receipts unsettled with native beef steers Western cattle cows and calves given price bands. Sheep and lambs receipts about 13 000 with sheep firm and lambs weak. beef and veal also cited with varied figures across categories.
Philadelphia markets report steady butter and eggs with eased cheese. Wheat futures rise for No 2 red July export. Corn up on No 2 yellow and yellow oats. Cotton and white sugar advance. Credit balances show 1.5 day run with total raw barrel merchandise averaging 441,075.
In New York on July 3 prime crude and prime summer yellow prices are listed for July through February with several values including 3.95 for July and 6.02 through 6.33 for several months, plus 8.38 for January and 6.20 for prime yellow and prime summer white.
Trading on the Washington Stock Exchange centered on bonds with dull stock activity. Bond sales totaled 19 500 par, demand exhausted, price limits capped further trades. Capital Traction rose to 68 with bids near 145 percent, Washington Gas at 105, and Washington Railway and Electric between 41 and 81. Potomac Electric at 105 and the consolidated issue at 56 moved up slightly. Georgetown Gas saw 5 000 value at 102. Two shares of Washington Railway and Electric preferred at 342 traded. Capital Traction up half a point in bids. Other utilities held firm with no major changes.
Baltimore Markets reports firmer wheat with spot and futures notes for No 4 red No 2 red Western and July August red contracts. Corn shows strength on spot contracts and a five day period. Poultry prices for old hens ducks and chicks listed. creamery butter and prints quoted. eggs and process butter prices given. regional grain and dairy prices across Maryland Pennsylvania Ohio West Virginia.
Market notes show hogs at 78 with sheep trimmed and others listed. Prices and weights appear in abbreviated form, with lamb notes and medium grade cattle terms. The fragment hints at a cattle market summary from Washington with livestock quotes.
Liquidation extended in the New York market with October cotton futures slipping more than four dollars per bale from last week’s highs. The day closed a few points above the intraday low on covering, yet the overall tone remained easy with a net decline around 14 to 20 points.
The Supreme Court of the District of Columbia Probate Court issues notices that executors and administrators have obtained letters testamentary and of administration for the estates of Helle Weber Tate and Mary EB Raylete. Creditors are warned to present claims with vouchers by June 10 to avoid exclusion from the estates. Attests by James Tanner, Clerk, and Robt E Weber.
Prices paid to farmers for the crops grown this year fell about 3.9 percent in June, per an Agriculture Department estimate. The drop lowers July levels below seven-year averages by a tenth, yet stay above a year ago and two years ago. Record acreage and crop conditions cited as causes while meat animal prices to producers rose about 0.8 percent from May 15 to June 13.
Western Maryland Railway president Carl P. Gray announces a contract to install automatic block signals on miles of track between Hagerstown and Emory Grove. The move follows an investigation into the recent passenger train collision west of Thurmont that killed six and injured several others.
Wheat gains for No 2 red and hard winter futures with prices around 146 percent. Export bids show No 1 Northern Duluth at 145 and No 1 Northern Manitoba near 1.40 percent. Corn markets strengthen with No 2 yellow around 83 percent and prompt shipment notes. White and yellow grades seen with No 2 white around 60 and white No 2 Western at 27.
New York July copper prices show electrolytic and refined figures around 20.23 to 20.39 with minor changes. London spot copper quoted at £77 128 with gig futures at £74 175 and other electrolytic pricing noted.
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