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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 21, 1916
Page
2
Stocks faced steady selling as war issues fell 2 to 7 points amid vague peace rumors. United States Steel dragged prices lower on fears of demand cuts, while railroads and metal shares showed mixed reactions. Americans abroad held firmer, and bonds mostly held steady with French issues slightly higher.
New York money market figures from March 20 show mercantile paper at 3.3 percent and time loans firm across 60 days to six months with rates listed. Sterling bills, francs, marks, guilders, and rubles quote mixed demand and cable rates, while bar silver and Mexican dollars hold steady. Call money remains firm with a narrow range and a 2 percent closing bid feature.
Fragmented market report lists cattle categories and weights with odd percent figures and missing context. Reads like a ledger of logs, dress, and lamb figures, noting small, medium, heavy classifications and assorted percentages without clear prices or outcomes.
The Anaconda and Inspiration Copper directors will hold dividend meetings next Thursday. Anaconda likely keeps $1.50 dividend while Inspiration may pay $1.00 to $1.25. Inspiration plans two more Anita units at Miami mill boosting output to 10,000,000 pounds monthly. United States Cast Iron Pipe and Foundry earned $370,919 for seven months ended December 31, up from $211,267 year ago, with net income more than doubling and surplus quadrupling. London Economist index surged above 4,000 after January jump, Bradstreet’s earning high for the period, with prices expected to ease only slightly until peace.
New York State superintendent Eugene Lamb Richards highlights 1916 banking data showing New York deposits rose by about 4 billion dollars with nearly half held in New York City banks. The report stresses agriculture growth, the South’s crop value rise, and the proposed state land bank to aid farming credit and preserve New York’s agricultural prestige.
Trading on the Washington Stock Exchange featured only two issues, Washington Railway and Electric preferred and Lanston Monotype. WRE preferred moved 74 shares at 82, bids eased to 81 1 2, Lanston Monotype rose to 78 with sales expanding. bid then slipped to 77 1 2 as selling increased. Bonds remained firm, with Washington Gas 5s at 106 and WRE 4s in good demand at 81. Exchange hours change to 11 o clock was settled in executive session, with a 11 45 a m start today.
A 1900s local market listing shows alive hens roosters and turkeys with per pound rates, dressed chickens and ducks, and fair to good turkey prices. Cheese butter eggs vegetables and fruits are priced by item, region, and container, including New York State cheese, Elgin butter, Virginia eggs, and Florida citrus.
New York copper prices hold firm with electrolytic near 28.00 to 28.50 for prompt and later months at 27.00 to 27.50. Grain exchange lists tin quiet with spot 52.00. London spot copper quoted at £109 with futures around £104 10s, electrolytic £136 and tin at £196 10s and £191 5s.
In New York on March 20 cotton oil markets surged past prior highs with prices above 11 cents. Prime crude and prime summer yellow spot months March and April at 11.00, May 11.0, June 10.94, July 10.96, August 30.94, September 10.85, October 9.76, and prime winter yellow plus summer white at 11.25 12.00.
New York and Duluth market notes show firmer futures and spot activity. Corn and oats prices are listed with firm numbers and grade notes, reflecting a cautious trading tone for nearby contracts.
The Treasury reported a net balance and totals for receipts of 2,704,468 and payments of 3,420,285. The current fiscal year shows a deficit of 58,977,880, versus 87,709,639 last year, excluding Panama Canal and public debt transactions.
Market notes from Philadelphia on March 20 show butter prices for Western creamery extra 28 nearby prints fancy 41. eggs firm with nearby firsts at 6.46 and 6.30 for receipts. Western extra firsts at 6.45 and 6.30 for firsts. cheese steady at New York full creams 17 18 4. Wheat higher for No 2 spot and March at 1.16 1.19, No 2 Southern red firm, No 2 yellow local steady, No 2 white 5 11 Oats No 3 white 4 82 4 912.
Chicago receipts show weak hog and cattle demand with varied price ranges and strong sheep. New York and Baltimore markets list steady to strong cattle and lambs, with calves and hogs showing mixed movements across the week.
The New York cotton market opened quiet but steady with July futures rising from 12.13 to 12.24 before closing at 12.22 amid a generally firmer list. Chicago grain trends followed with rumors of peace causing a bearish tilt in wheat yet overall gains on May and July wheat, corn, and oats, amid weak Illinois winter crop conditions.
Credit balances 2.60 dollars. Fans 169039, soverage 78992. Shipments 103761, average 46715. This brief market listing records daily oil balance figures and shipment totals for the city with factual figures and no commentary.
The Interstate Commerce Commission reports January data showing Eastern railroads nearly doubled net revenues per mile over the prior year, while Southern roads rose over 50 percent and Western roads about 16 percent. Total January receipts exceeded $260.05 million with $77.17 million net after expenses and deductions.
New York market notes firm butter and cheese with creamery and state averages. Poultry markets show live sales weak while dressed chickens and fowls firm. turkeys up to 26. Sugar and molasses quoted steady. pork, beef, and lard prices range with firm to higher levels across regions.
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