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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 04, 1913
Page
4
New York traders favored a steady stock advance with limited supply and few weak spots. Coppers, coalers, Pacifics, and Steel led demand while profit taking trimmed late gains. London buying and politics loomed as key factors. copper stocks rose with metal prices. Money market stayed strong with cash funds at 12 percent and bond sales at par.
New York March 3 closing quotations list diverse bond issues and stocks across American railroad, mining, and utility names. Notable items include American Tobacco and Co, Baltimore and Ohio, Chicago lines, Chesapeake and Ohio, and Union Pacific issues. The report aggregates corporate bonds with prices and series designations, alongside references to regional and national railway and utility stocks and a closing quotation section featuring iron, copper, and mining concerns.
London buyers show light engagement with a small net balance of shares traded while U S stocks await clearer signals. Railroad issues attract purchase on income yields amid prior decline. North German Lloyd approves a 7 percent dividend after strong year gains and reserves. St Louis San Francisco bonds hit a fresh low despite earnings uptick. January results reveal a larger monthly surplus and steady annual trend in earnings.
Totals sales for the day reach 384500 shares. Wx dividend noted in market summary learning day’s activity.
Market notes from Chicago and New York show mixed hog and cattle receipts and prices. Hogs steady to lower with weights and classes varying. cattle strong overall with steers, cows, and calves revealing broader demand. sheep and lambs receipts and quotes indicate steady to firm demand. Trading week totals include 1,1498 head across hogs, cattle, and sheep, with weekly receipts and barnyard figures noted.
Washington stock exchange notes mixed commodities with wheat easing on cables and crop prospects while copper remains steady. Spot wheat and corn show softness. copper prices range with standard and electrolytic segments and February arrivals tallied at 26 767 tons.
Local market report shows average broker attendance at yesterday’s Washington Stock Exchange session with few sales recorded. Washington Railway and Electric common offered at bid, some lots sold. bids lowered on investment shares, other issues steady. Bond market quiet. dividends suspended at Potomac Wire Insurance. reorganization by General Accident, Fire, Life Assurance of Perth. Interstate Commerce Commission expands Capital Traction and Washington Railway service. car headways shortened during rush hours. New York butter and cheese prices listed. assorted agricultural commodities and meat, flour, dairy and produce notes follow.
Philadelphia markets show mixed furnishes with butter firm at 37 to 40 cents, eggs at 6.60 per case for firsts and 6.4 percent receipts. cheese steady with New York full cream values. wheat No 2 red export elevator 1.02 to 1.03. corn No 2 slow. oats No 2 white 29 to 40. poultry alive firm and dressed lots varying by type. potatoes weak with Pennsylvania and New York pricing ranges and New Jersey baskets 35 to 45 cents.
Baltimore market report dated March 3 shows mixed signals in wheat and corn futures with oats steady. Live poultry prices vary by type and region, while butter, cheese, eggs, and vegetables list broad ranges. Fruit and other produce demand described, with prices noted for Virginia, Maryland, Delaware markets and regional items like Norfolk and Florida produce.
New York March 3 The Morgan firm letter to chairman Pujo of the banking and currency committee in Washington is analyzed as a concise lucid economic treatise revealing modern banking principles The piece lauds the language style the authority of J P Morgan Co and the committee scrutiny as a public minded effort shaping public understanding of finance
Washington Post report notes Alexandria emptied by residents as crowds flocked to the inauguration events. Five minute car service kept visitors moving between Mount Vernon and the capital, with excursion steamers easing congestion. trains and specials chartered by Democratic groups traveled toward Washington for the parade. Spinks withdraws from the Democratic primary race for clerk of courts, leaving Greenaway as incumbent.
Two mining engineers from Duluth Minnesota Guy N Bjorge and William Leslie Taylor were captured by Mati Indians while exploring near Lake Maracaibo. The American consul John D Ray headed to the area as telegraph links were cut. An uprising led by Juan Araujo with about 300 men was reported nearby and troops were deployed, though officials call it a local disturbance.
Thieves blew open Otto Goldsmith's safe in central Philadelphia using dynamite and crowbars, stealing diamonds valued at 7 000. They breached a ten inch wall from an adjacent building yard where a guard bulldog was kept. the dog avoided harm as officers suspect one robber befriended it while others worked.
President Taft approved the sentence of dismissal by court martial for Capt John J. Reilly assistant surgeon retired who was tried in New York on charges of duplicating his pay accounts Reilly born in New York appointed as assistant surgeon in 1901 retired with rank of captain
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