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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 05, 1915
Page
14
Wall Street sees uneven price changes as peace rumors and gold import talk influence activity. Automobiles lead outside trading while foreign exchange firms resist, with money rates near 3 percent and mixed yields across major bonds and rail stocks.
Treasury report shows assets and liabilities across general fund and reserve accounts. Key totals include general fund assets about 338 million and net balance around 296 million, with gold and silver holdings, currency in circulation, and bank notes included. Also lists cash assets of Treasury totaling about 2.98 billion and bank note redemptions of over 2.19 million.
March 4 Mercantile paper and bills show firm rates with bonds flat. Government securities including 2s 3s and 4s registered offer steady, with coupon notes around 101 to 107 percent. Time loans and call money hold at firm levels, with ruling rate near 1 percent and closing bids and offers reflecting demand.
Regular call noon sales list shows Washington Gas, Potomac Electric, Capital Traction, and Mergenthaler Linotype bonds with prices and quantities. After call highlights Potomac Electric at specific yields. Bond section includes Washington Gas, Columbia Gas and Electric, Capital Traction, Metropolitan R R, and miscellaneous bonds. Public utility, railroad, mining, national, trust, savings, fire insurance, and title stocks listed with prices. Diversified securities totals appear across utilities, railways, and industrials with varied bid and ask figures.
Baltimore March 4 stocks show bids for Askea Con Gas United Bys and B Co bonds with various yields. City bonds 5s of 1916 trade near 101, gas 4a 1954 at 93 percent, coal issues around 92 to 94 percent. Additional market reports referenced on page 13.
The Washington Stock Exchange reports firmer bond prices with notable activity in Washington Gas and Potomac Electric Consolidated issues. Mergenthaler saw limited trading while American Graphophone drew high bids indicating anticipated dividends. Harries to retire as Louisville Gas and Electric president. Donald McDonald to succeed him. Harries to focus on Omaha Gas and Electric Company duties.
In New York on March 4 the financial scene discussed potential Allied credits to sustain American commodity purchases. Allied bankers and London contacts reportedly consider March announcements on financing, with France and England coordinating to deprive Germany of essential supplies. A Washington statement on March 7 highlighted a U S chemist at Columbia University contributing to wartime tech, while Edison noted U S material abundance could replace German-made finished products, signaling a shift in trade dynamics.
Live poultry and other fresh produce prices listed for hens roosters ducks turkeys chickens and various vegetables and fruits. Entries include per pound per crate per box estimates from sellers Dres sel Poultry and regional suppliers. Prices cover potatoes lettuce peppers tomatoes and more with regional items from New York Florida California and nearby states.
Washington cattle prices listed for cattle sheep veal calves and hogs with varied fat content while Chicago reports sensational war material order cancellations rocketing wheat futures and corn and oats shifts. Boston and New York futures show weak wheat and spot markets with assorted grain pricing and barley activity.
The article argues that continuing war would force American manufacturers to rely less on German and English processes, cutting off a key German revenue stream. It contends starvation policy could be costly but long lasting, noting Germany’s industrial strength and skilled workers as factors in sustaining itself beyond Confederate-era defense. Holland.
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