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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 23, 1912
Page
2
Active trading sees mixed gains with many issues hitting new highs for the month while a handful of leaders slip. A late-session push failed to sustain momentum as investors weighed international developments and domestic sentiment, leaving major indexes largely unchanged.
The March 24 market roundup lists diverse issues across major U S railroads and utilities. Notable names include American Agricultural, American Treasury, Chesapeake, Illinois Central, Chicago, Burlington, Eastern lines, and Pacific Coast, with varied prices and activity noted in the bond section.
Bradstreet’s weekly bank yearings show a total of 3 206 006 100 for the week ended March 4 with notable city by city figures across Cincinnati Minneapolis New Orleans Cleveland and others. Cattle hogs sheep and beef trade notes include receipts and price ranges, with grain and livestock markets reporting mixed activity and steady to higher tendencies in several classes.
U S Trust and National Capital Bank links buoy sentiment as United States Trust eyes capital expansion to 1 25 million while Washington Gas holds firm. Rail shares show uneven gains with United States Trust, Capital Traction and Washington Rail Way Electric common active amid scattered bids. A Chicago Board of Trade protest seeks reduced wheat rates. steel shipowners prepare April stock vote to broaden capital base.
Market notes from New York show diverse produce items with mixed prices. Beans, meats, dairy, poultry, and oils list steady or firm tones, while cottonseed oil and sugar show modest movements. cabbage from Florida is listed in crates.
Market reports indicate firm demand for linen and woolens with iron and steel positions improving. Western reports show better sentiment and increasing orders, though many mills can still manage current demand.
The New York report notes broader distribution and improved sentiment across industries. Wheat and iron demand rise, dry goods prices advance, woolens gain modest strength, and leather and hides stay firm amid ongoing labor and coal tensions overseas. Business failures in the U S fall from prior weeks while Canada shows minor activity.
New York reports the Hating committee will discontinue quotations on all Standard Oil Company subsidiary stocks due to lack of earnings and asset information. Several former Standard Oil subsidiaries were de-listed, while some major rails showed gains in late 192? price recovery. Missouri Pacific sold short term notes to Speyer & Co BF and bank liquidity for New York banks fell by 2.4 million dollars last week. Gold coin exports to South America totaled 1,750,600.
Wheat steady as markets show firmer bids on local accounts and weekly exports. May and July futures move against rising demand while receipts reach around 2,090 bush for corn and 79,300 for oats.
New York March 2 Prices fluctuated as South weather forecasts again dampened cotton activity. Prices barely changed, closing near steady with uplands futures around 10.58 to 10.80 cents. Outport receipts remained high, total week takings steady, and inferior stocks showing slight declines.
The Washington produce market shows home grown vegetables scarce with wholesale fruit and apple supply tight. Poultry receipts, assorted meats, and various vegetables including potatoes cabbage and Florida items appear with mixed prices across baskets and crates, reflecting tight supplies and fluctuating demand.
Market notes from Washington show demand mixed as cattle prices hold steady for fat calves and better grades. Traders report herd movement limited by seasonal conditions while buyers seek choice beef, with no dramatic shifts in tag and weight categories noted.
Boston March 22 Efforts to save Clarence V. Richeson, the confessed murderer of Avis Linnell, began with counsel William A. Morse meeting Governor Foss. The May 19 execution date was set. Morse did not file a formal commutation petition but expects such a filing to be received and sent to the pardon committee. BM Maree said no petition would be sent for at least two weeks and action would wait until within a month of the date. Richeson's friends hope to obtain a life sentence.
Market notes from Faattimars dated March 2 show varied quotations across wheat corn rye eggs butter and poultry. Foreign and domestic sources influence prices with ranges in creamery and dairy prints while livestock and meat terms appear amid fragmented listings.
Philadelphia markets show firm corn and potatoes with bids higher for No 2 export elevators and No 3 yellow corn for local trade. Butter remains firm with near term cheese and egg prices uncertain. poultry prices steady as regional receipts and sales move through the day in early fall trading.
Fragmentary oil quotations list prices in early March with balances and averages across several markets. The text mentions Oly Pe, Frame, Rilpabeots, Taleo, Lima, and Inglays, but details are incomplete and some figures are unclear.
United States District Attorney J Whittaker Thompson announces actions to recover 410000 in fines from Philadelphia area corporations for failing to report net incomes to the IRS. Forty one defendants named. Returns due March 1 1911. Government seeks maximum penalties. Nearly fifty more actions expected in April.
Secretary of Commerce and Labor Cable authorized the admission at San Francisco of Mary Geckle, 62, who had been ordered deported by an immigration board at Angel Island. The board feared she might become a public charge, but she pledged to work until death to avoid burden.
Mrs W B Thayer presented a $50 000 Japanese collection to the Art Institute in Kansas City. The 1 000 prints cover 400 years of wood block engraving and are described as among the finest in the country.
Southern Railway lists daily trains to Atlanta Montgomery Mobile New Orleans Alexandria and more with varied departure times and dining and sleeping cars. Services cover Birmingham ChattaChooChoo Roanoke Nashville and Florida points plus local and resort routes, with multiple daily departures and parlor cars available.
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