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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 15, 1919
Page
3
Financial markets show uneven activity with traction and rail bonds easing while some convertible issues rise. Foreign exchange declines continue amid overall debt issuance and government financing remains under favorable positioning.
The page reports strong gains in industrial shares and stock market activity with widespread farmer spending anticipated on farm equipment and new houses. It notes German embargo implications, U S credit influence, and futures trading proposals alongside commodity markets and government bonds.
Chicago dealers reported welcome rains easing the corn market after an early advance. Prices closed unsettled with September at 1.95 to 2.02, and December around 1.63 to 1.69 per bushel. Provisions moved between 30 cents down and a rise of 0.30, with futures showing a narrow trading range across corn oats rye and barley.
Hog and cattle prices ease slightly as receipts rise. Cattle offerings include steers heifers cows and calves with mixed gains across weights. Sheep and lambs show steady to higher demand while hogs stay firm with varied weights and packing prices.
The Philadelphia market page shows varied quotes across dairy poultry and produce. Creamery and milk items list firm nearby receipts and current prices, with Western and New York Wisconsin milk levels noted. Poultry and dressed fowls rise, while winter straights and patent products hold steady or firm in limited regional markets.
The New York market reports bullish sentiment on October cotton with futures rising to around 35.65 while November positions show steady gains. Port movements show mixed receipts and exports across Gulf and Atlantic ports, with widespread totals and interior bids and shipments noted including New Orleans and Galveston.
New firm Lindley & Co members of the New York Stock Exchange will open offices today in the Southern Building handling stocks bonds and investment securities. George Angus Garrett is local manager with Allen Lindley as senior partner and the firm maintains a direct wire to its New York office in room 900.
In New York Judge Julius Mayer signed a final decree dismissing all damage suits against the Cunard Steamship Company over the Lusitania sinking. About six claims totaling between 5 and 6.06 million dollars are barred for future suits, with potential reimbursement via German government indemnities.
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