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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 08, 1912
Page
10
The latest market signals show prices turning upward with broader business improvement. Amalgamated Copper issues new bonds, while steel and allied industries show cautious strength, aided by abroad demand and investor uptake.
An item noting stocks received by W. 13.,1mha and Co. as members of the New York Stock Exchange and Washington Stock Exchange.
A dated exchange notice lists numerous securities with irregular quotes from Wash, Ry and Ble, P. Leledy Wash, Ho. and ler, Morgenthaler Linotype, and major banks like Commercial National Bank and Metropolitan National Bank. Traction and railway bonds show varied rates, including Potomac line and Cantab Traction notes, with prices from 1.00 to over 90 percent and listed maturities or yields.
The local stock exchange showed dull activity as bond demand swelled volumes with fewer than 200 shares traded. Metropolitan National Bank rose five points to 20, Commercial National Bank up four to 20, United States Trust at 1 1/2 with a new high, and Capital Traction trading near 135 1/2 after call. Washington Railway and Electric remained quiet but well supported with common at 4 7/8 to 7 3/4, while Washington Gas recovered to 110 1/2. Farmers and Mechanics Bank at Seat Pleasant Md announced opening on March 24 with local Washington financiers among directors, Milburn Leister & Co. leased the Union Savings Bank Building’s sixth floor, and Washington Motor Car Corporation expanded its board to 45 members with several named directors.
Market brief from New York showing butter at various creamery grades with large packet totals, eggs with colored and white categories, and poultry demand steady. Grain and flour standings include rye flour, corn meal, and pork products. peppers and nuts listed with steady prices. potatoes and cabbages steady. Chicago grain noted.
Wheat closes steady with No 3 red at futures level while May and July contracts show slight gains. Corn and oats trend firm with arrivals and baste details unclear. barley and oats futures pending government data. shipping and export notes mixed with nominal activity across grain futures.
The Little Rock chamber of commerce filed a complaint with the Interstate Commerce Commission alleging that coal shipments from Mineola to Little Rock over the St Louis Iron Mountain and Southern Railway carry higher rates than elsewhere in Mississippi. The report includes price figures and other market data for regional shipments and livestock, with monthly commerce notes and a summary of receipts and market conditions.
Market notes for Philadelphia include wheat premium grades and export elevator prices, corn export deliveries lower, oats steady with white variety quoted, butter prices and cheese hints, poultry demand and prices for fowls and turkeys, and potato prices with New York market reference. Mentions varieties, grades, and per-bushel or per-case values for nearby trades and deliveries.
A compressed listing from a Washington market notes strong demand for Florida fruits and vegetables with limited home-grown supplies. It lists prices for apples, poultry, eggs, and meats, and details a wide range of vegetables including potatoes cucumbers cabbage cauliflower and beans with various regional sources and bag or crate prices. The garbled OCR preserves many item names and assorted prices, reflecting a dense wholesale price sheet.
Baltimore markets show mixed dairy and grain values with spot contracts in corn and oats steady or quiet. Prices quoted include Maryland Pennsylvania and nearby barrel rates for oats and rye, with dairy products like butter and creamery items listed and hogs priced per cwt along with various regional grain and dairy figures.
New York reports the Denver and Rio Grande Railroad plans a 10 million issue of 7 percent income bonds to fund track upgrades from Salt Lake City to Denver pending stockholder approval. Great Northern and other railroads show February gains. combined losses noted for several systems. Market commentary highlights dividend stability and rising gross figures amid weather delays and borrower returns.
News notes circulating about Standard Oil at 690 with rumors of a “melon cutting” tied to its dissolution and reorganization. Indiana subsidiary votes to raise capital from 1.9 million to 38 million while New Jersey ties to market moves trigger price surges and discussions on dividends and ownership by Rockefellers.
Attorney General Wickersham said no intervention planned at present in the oil dispute between Standard Oil and Waters-Pierce Oil, now in state courts in St Louis. The situation is being watched as District Attorney Hours reports developments.
Attorney General Wickersham will appeal to the Supreme Court from the Boston circuit court’s dismissal of four of five counts in the United Shoe Machinery Company Sherman antitrust indictments. The government plans to seek a writ of error and bring the validity question before the high court after a lengthy conference yesterday.
The market report notes quiet copper trades and a 1.6 percent rise in New York exports of refined copper. It cites custom house returns showing exports of 3,985 tons, mentions copper warrants priced in London, and lists various foundry and regional references with uncertain readings.
Auctioneers Thos 7 Awen & Son announce sale of an estate corner Kaloyama Ave and Seventa St known as SM 9th. Sale March 20 1813 at 1 pm. Property described as brick house with 74 rooms baths and hot water. payment terms include one third cash and balance in installments with interest 6 percent. purchaser bears conveyancing costs. purchaser liable for resale on default. sale overseen by Jorn C Meald senior marshal.
Proposals of the Commissioners of the District of Columbia dated March 1 1922 invite sealed bids at 10 o clock FM March 1 for gravel and concrete sand at various DC points and Chantilly Md. Specifications and proposal forms may be secured from the Purchasing Office.
Bankruptcy notice for Jacob Levy of Washington DC announces adjudication on March 4 1912. Creditors to meet at Rooms 6 7 8 438 Louisiana Ave NW Washington DC on March 11 1912 at 11 o clock to protest claim and examine assets before us.
A compiled page shows statements of financial positions from Collier’s Agency District National Bank Building and The German American Fire Insurance Company with assets and liabilities details, followed by Supreme Court notices from the District of Columbia and related legal actions. The records reference capital stock, mortgages, cash in bank, unpaid claims, and court orders affecting defendants in multiple cases.
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