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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 02, 1911
Page
2
A Washington Post report notes inert stock activity with 285000 shares traded and little price change. Citing ongoing rail material cancellations, January railroad earnings were weaker, while United States Steel shows progress with 65 percent blast capacity. Analysts doubt an extra congressional session will spark major market moves.
The report notes steady money on call at 3 percent with bids at 2 percent and offers around 2 1 4 percent. Time loans are dull with 60 days about 2 3 4 to 3 3 4 percent, 90 days near 3 6 9 percent, and months at 3 8 4 percent. Sterling exchange steady with business backers’ bids around 4 3 6 4 8 for six day pits and 4 8 6 4 0 for demand. Government bonds steady, railroad bonds irregular.
New York markets report dull copper futures with scattered spot prices and London quotes. Exports total 18 992 tons for the month so far. Fresh fruits and vegetables show strong demand with varied wholesale prices for eggs butter poultry and regional produce including potatoes onions cucumbers beans lettuce peppers and citrus.
Special to The Washington Fest reports on St Paul’s credit and loan history, denial of a new loan, plans for improvements and new construction, and expected competition from feeder lines. It notes Baldwin Airship stock auction results and proxy requests for Missouri Pacific, with speculation on independent stockholders seeking control of the road.
The Washington Hotel at North Capitol and E streets facing Union Station Plaza has been completed and accepted by the hotel company and will open early next week. The Second National Bank at Seventh Street NW held a large housewarming, with President Cox and directors hosting hundreds as renovations drew praise. Virginia land near Fort Lewis in Roanoke County, about 10,000 acres, is being bought by Pittsburgh capitalists to divide into 25 acre tracts, with five planted in apple trees. Rhodium, a platinum group metal, now costs 155 per ounce, with platinum itself around 20.60 per ounce. imports in the year topped nearly 2.97 million. The steamer Alexandria will join the Washington–Virginia City route soon under the new ferry company. February closed with a Treasury surplus of 58,000, and a year-to-date deficit of 21 million. Panama bond legislation paves the way for 30 to 50 million to replenish canal expenditures. The Limoges agreement with France will be abrogated May 11.
The Washington stock market showed a dull session with little feature as traders moved small lots. Electric Consoles traded at 100 1-8, Washington Gas 5s at 110 1-8, and United States Trust small blocks rose. rails and traction shares were quiet while the Baltimore property news suggested receivership status and potential foreclosure actions pending.
Baltimore markets list current prices for butter eggs and poultry. Entries cover Maryland Pennsylvania and nearby regions with various grades and lots including creamsery butter per pound and per dozen eggs, alongside live poultry and dressed birds with regional price ranges and quality distinctions.
Live stock markets show receipts in New York about 2,460 head with quiet steady trade. calves and hogs mixed with higher veals and weak hogs. Chicago reports 15,000 cattle, market strong with Texas and Western steers firm. hogs weaker than earlier. sheep receipts 15,000 with mixed prices for natives and westerns.
Wheat spot firm with bids and futures mixed as cables and crop outlook influence, May and July contracts shown with prices. Corn and rye steadiness noted with limited trading and steadySpot prices, market activity summarized alongside a full page Hood's Sarsaparilla advertisement urging readers to start taking the tonic for fatigue.
The push for a June 1911 tax rate to raise an estimated 35 000 to 40 000 a year faces a deadlock as the Alexandria board of aldermen prepared to meet in special session to review a plan adopted by the common council. Officials warned the measure’s effect on city paving street work salaries and other needs amid conflicting forecasts of revenue. Also reported: a coroner’s jury reconvened over Melville Briggs’s December death by train. copper wire theft near Four Mile Run. George Edward Lee, a fugitive, captured and sent to St. Elizabeth’s Hospital. Eagles initiate three new members in Alexandria. Segar Whiting files bankruptcy in Norfolk with 68 987 liabilities.
Summary of assets and liabilities for Bankers Life Association of Des Moines Iowa as of December 31 1910 under DC code. Includes cash in bank real estate mortgages bonds interest due and accrued guarantee notes claims unpaid reserve salaries expenses taxes and other assets and liabilities plus details of life insurance losses and funds transacted during 1910. Secretary E E Clark H S Nollen sworn February 1911.
A coroner's jury ruled Waley Padgett died by his own action after ingesting carbolic acid in front of his father in law’s home on Eighth Street SE Tuesday night He died soon after at Casualty Hospital The couple had been separated and the wife refused to return to him
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