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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 11, 1916
Page
2
Mexican developments push munitions shares higher as Crucible Steel and other steel stocks show mixed moves. Copper and Baldwin Locomotive dealings draw strong buying, with ex-dividend actions and rail logistics shaping the market outlook.
New York copper prices hold near steady levels with nearby and deferred contracts cited. Tin remains strong with spot and futures quotes. London copper spot at £103 and futures around £436, tin at £189 spot and £182 futures.
New York stock notes call attention to Bolivian copper properties amid rising 1916 output expectations. An American syndicate, including John D. Ryan and Charles Sains, reportedly secured an option to Bolivian mines, signaling a postwar surge in U S demand and the need for transportation links to port facilities. Copper mining in the Northwest shows strong activity with 682,000 shares traded and 708,400 in service.
News from New York reports strong mining conditions in the Northwest with intense activity in copper regions of Michigan and Montana. Outlook suggests northern Minnesota iron ranges may set new records in 1916 as the iron and copper industries expand, boosting national wealth.
Local stock exchange report lists Washington Railway and Electric 4s at 805 percent on $1,000 and Electric Light 5s at 4 on $1,000. After call American Security and Trust at 260 Continental Trust 6 at 118 and & at 118. Fotomac Electric Light 63 at 104 on $1,000.
New York reports a record jump in United States Steel Corporation stock gains and elevated loan figures while German gold reserves rise and circulation shifts. Bond demand remains firm for high grade issues as foreign activity slows with British purchases of American railroad bonds in London.
Baltimore markets list dressed poultry and live fowl prices by weight and grade, including chickens ducks geese and pigeons, with butter prices across Maryland Pennsylvania and nearby states for March 10. Prices cover young and old birds, roosters, Muscovy ducks and runners, with butter varieties and regional dairy products noted.
Philadelphia markets report mixed steadiness with butter eggs and cheese holding firm while corn remains steady and oats show dull activity in the March 16 bulletin from Philadelphia.
The local market showed muted activity with no broad trading in stocks or bonds. Grephophons stock jumped from 105 to 110 for the common and from 118 to 128 for the preferred, while public utility shares stayed at 6 1/2 and few bond deals occurred, reflecting tepid investment demand without clear causes.
A historical listing of market prices across categories. Poultry includes hens roosters ducks turkeys spring chickens with varied per pound rates and dressed options. Dairy shows cheese butter and eggs with regional sources. Vegetables and fruits cover potatoes peppers tomatoes and citrus with multiple unit types and price ranges.
Hogs sold at 44 dollars dressed small 11 percent 11 11 percent. medium 11 heavy 10. Sheep clipped 6 814. veal calves 11 medium 10 10 percent. Lambda 9.
Market notes show receipts at New York 1,920 bees and 3,350 sheep with varied prices for calves hogs and bulls. Chicago reports 17,000 hogs and 7,000 sheep with ranges for beef steers cows and lambs across the day.
United States Treasury report dated March 4 1916 shows a deficit of 55 772 307 for the current fiscal year against 82 252 795 last year excluding Panama Canal and public debt. Revenue receipts this day 2 184 487 93 and this month 417 454 757 80. Total assets in general fund 2812 357 279 59 with net balance 118 017 195 51 and substantial gold and silver holdings across treasury reserves.
Scarcity of shipments to Europe from the southern hemisphere supports the wheat market with gains in May and July futures. May wheat around 1.11 to 1.12, corn and oats also up, with various rye and barley quotes. cash grain shows No. 2 red wheat near 111% and corn futures firm amid mixed spot results.
New York Market report shows butter steady with varied creamery and firsts receipts, eggs unsettled with multiple grades listed, cheese firm with state flats and whites, poultry dressed steady and alive prices, sugar steady to firm, flour steady, pork strong, beef firm, and lard firmer in the middle West. Notable ranges include butter around 37% to 38, eggs 22% to 25, cheese 17% to 18, poultry fowls 14% to 19, pork 23.50 to 24.00, lard 11.05 to 11.15.
New York grain reports spot weakness in some cereals with firmer wheat. No. 1 durum reaches 1.30, No. 7y hard 1.26, No. 1 northern Duluth 1.34, No. 1 northern Manitoba 1.494 per bushel. May futures for wheat at 1.19. Corn spot firm at 54 84 cents per bushel delivering to New York, oats steady at standard 50.
In New York on March 10 prime crude at 9.83 prime summer yellow at 10.45 and various futures shown including March to October and seasonal blends for winter yellow and summer white with values ranging from 9.48 to 11.59.
Lieut. Col Waldo B Ayer of the First U S Infantry stationed in Honolulu died yesterday at age 61 native of Massachusetts He graduated from West Point in 1884 and was promoted to lieutenant colonel on December 12 1912
A naval court martial sentence cutting Lieut H A Jones and Ensign R D Kirkpatrick by 100 points in grade for negligence in the loss of a battle signal book from the destroyer Hull at San Francisco last August was approved by the Navy Department yesterday.
Major Frank M Caldwell of the Fifteenth Cavalry moves into inspector general duties while Maj John M Jenkins is relieved from inspector general detail. Acting Dental Surgeon Gerald D Byrne and Charles W Lewis receive new postings at Letterman and Fort Slocum respectively. LHE 8 Fountain and John L Schock reassigned to Columbus barracks and Fort Leavenworth for duty. First Lieutenant Jessh Co Drain becomes professor at Shattack School Faribault, and Second Lieutenant Oscar A Eastwold to San Francisco coast defenses. Major William T Littlebrandt relieved from treatment and to rejoin regiment. Second Lieutenant Jack W Heard faces reassignment due to disability. First Lieutenant Raymond B Bull to report for examination for promotion. Maj Frederick Frusbeli detailed on canal zone exam board. Henry D Snydee relieved. Leave of absence for ten days granted Lieut Col Selah B H Tomperins of the Seventh Cavalry.
Navy orders list officers and ratings assigned to staff roles and duties at multiple ports including New York Boston Norfolk and Guantanamo. Several ships and personnel are redirected from ports like Cienfuegos Ponce Santiago and San Francisco to destinations or repair facilities with details of temporary duty and postings. The Nevada and E-2 status updates note administrative actions at Beaton and New York yard respectively.
Oil City Pa March 10 credit balances stand at 2 50 with Runa at 105 856 average 17 086. Shipments total 48 028 with an average of 42 4.
The 1915 statement shows capital stock 750000, cash in office 8308.51, cash in bank 300784.72, real estate 58051, mortgages 158500, stocks and bonds, premiums uncollected, and other assets totaling 21086714. Net unpaid claims 662.01, reserve 814, required by law, surplus 200077.71, total income 2048658, total disbursements 1668136.14. Arthur Nelson secretary certifies figures and notary public endorsement.
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