Union Pacific Leads Railroads Make Big Gains
Metals steadied as copper prices rose but failed to trigger widespread stock gains. Ottawa commits another 1 million dollars in gold as Atchison system reports February earnings up 730 thousand dollars.
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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 26, 1915
Page
2
Metals steadied as copper prices rose but failed to trigger widespread stock gains. Ottawa commits another 1 million dollars in gold as Atchison system reports February earnings up 730 thousand dollars.
New York reports varying estimates of European selling orders for American issues and notes uncertainty about execution. It lists Texas and Pacific Railway directors and officers reorganization and mentions Virginia Carollia Chemical, Lake Shore management about dividends and Readings stock actions with a nervous short interest and substantial treasuries.
In New York March 25 bond notes show varied activity across US issues. Listings include American Telephone and Telegraph, Reading, Northern Pacific, and Southern Railway 4s or 5s, with prices and quotations indicating mixed demand across rail and utility sectors. Notable mentions reference Baltimore and Ohio trains, Chicago Milan operations, and Pittsburgh lines.
Baltimore March notes show bonds and city securities trading with mixed bids. Wheat corn and soy prices fall on export concerns as grain futures edge lower while hogs and poultry stay steady or firm.
A fragmented Philadelphia markets item shows copper and wheat futures with varied activity. The report notes copper casting, oats, rye, and fat prices, alongside a March Michigan Central Railroad fine of 4000 dollars for failing to collect designated charges, with a related indictment seeking up to 240000 dollars.
A United States Chamber of Commerce committee, allied with the Federal Trade Commission, promotes business education and cooperation. Pierpont Morgan leads New York's representative group, with members from industry and law, aiming to bolster confidence and commerce amid national economic reform.
Regular sales call at noon shows Washington Gas at 73 with 2 percent at 723 at 2a Ty. National Bank of Washington lists 18 at 246 and 40 at 2 percent at 235 with multiple blocks at 235 and 285, 1M at 7. Graphophone preferred 4 at 541. After call Washington Electric 4a with 1000 at Sq.
Market notes from New York on crude cottonseed oil pricing and futures. Mentions prime crude percentages and near term months with scattered figures and terms, indicating unsettled prices and contract activity.
Interest centered on 448 shares National Bank of Washington stock sold at 235 per share through a single broker with no competition. Washington Gas traded 100 shares at 73 10, closing with bids at 73 and offers firm. American Graphophone preferred rose to 841 2 percent on 4 shares. Bond quotations held firm with light demand and a lone Washington Railway and Electric trade at 81 2.
New York cotton prices hit new highs with strong demand and late gains May at 9.64 and October at 16.23. Chicago wheat weakens on a broad market decline amid a general bear tone, with diverse moves in corn and provisions and mixed livestock receipts across markets.
The Treasury notes a net general fund balance of 37,014,004 with deficits for the current fiscal year at 389,846,386, compared to last year’s 26,814,059 deficit. Revenue receipts for the day reach 1,795,806.67 and ordinary disbursements amount to 6,001,2. A summary of assets, liabilities, and various notes shows total cash assets in the general fund near 81 million, with gold and silver holdings and national bank notes noted.
Local market lists wholesale prices for live poultry and dressed poultry including hens roosters ducks and turkeys, with per pound rates. Dairy and cheese notes show New York State factory cheese and butter prices, with various creamery grades, plus extensive fruit vegetable and grain listings including oranges apples strawberries peppers lettuce and leafy greens.
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