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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 01, 1915
Page
2
War stock activity fluctuated as Dunkirk bombardment reversed early gains. Westinghouse led gains with a large turnover while General Electric and rail stocks fluctuated. Banking shares strengthened with Missouri Kansas and Texas and rail traffic improved. overall sales reached about 3.6 million dollars with mixed results across industries.
Liquidating sales for May deliveries push down wheat prices in Chicago with broad declines across corn oats and barley. Futures show modest openings while spot grains in New York and London stay soft with copper steady and iron unchanged at quiet levels.
Foreign selling has fallen away with orders for the market showing little importance in many stocks including Kansas Texas common and Chicago Great Western. Wabash Railroad stockholders receive a new reorganization plan by Winslow S. Pierce proposing a $205 million company, $27.72 million in stock, with Kulm Loeb & Co. managing. $40.6 million bonds may be called to cover the shortfall. London metals trading shows copper under pressure with United States Steel and Amalgamated Copper trading near parity. copper shares suffer a heavy break as Utah Copper considers dividend actions.
New York reports credit Louisiana with advancing natural resources including a sulfur industry that places the state among world leaders. About seventy square miles of previously waterlogged soil near New Orleans has been reclaimed, boosting potential farming while business leaders credit local capital and Carty’s organizing work for the Telephone Company. Theodore Vail cites Carty’s inventor and organizer talents as key to the company’s strength.
Baltimore market notes April 30 show spot and April May prices for wheat corn and oats, with steady oats and varied poultry prices for alive chickens hens roosters ducks and eggs. Butter and dairy products quoted by class and region including Maryland Pennsylvania Ohio and southern markets.
Butter steady with receipts 5389. creamery and firsts higher. Eggs irregular with 47924 receipts. fresh gathered extras and storage packed grades mixed. Cheese firm with State whole milk specials. Poultry alive firm for Western chickens and fowls, turkeys. Dressed prices unchanged. Sugar raw firm. molasses and refined steady. Flour rye flour cornmeal pork beef lard ease. Middle West prices 9.35 to 9.95.
Capital Traction securities traded actively on the Washington Stock Exchange with 5 per cent bonds at 105 and stock supported since trading restrictions eased. Gold quoted at 91 with brokers well supplied. bids closed around 89. Market showed little stock for sale, signaling stronger margined holdings. Washington Railway and Electric stocks remained in demand with light offerings, common bids around 91 to 92. Strong out‑of‑town bids lifted Graphophone and Mergenthaler Lanston, while Green Cananea rose to 32 percent bid. Potomac Electric consolidated and Washington Railway and Electric traded at 82 for 14,000 dollars and 5,000 dollars sold at 101.
Russian Ambassador Count Benckendorff, Countess Benckendorff, and Rudyard Kipling withdraw support from the Polish relief fund organized by Ignace Paderewski and Miss Alma-Tadema. They cite a press appeal they deem reflects on Russian policy and army. Cardinal Bourne and others remain patrons as the fund nears $25,000.
Regular sales near noon show Capital Traction bonds worth 105 for 1000 and 4000 at 105. Washington Railway & Electric bids 8234 and 824 for various 2000 sums. Potomac Electric 5s trade around 1014 to 105, with totals of 31000 at 101. Capital Traction 2% at 9, Railway Electric preferred at 86 to 86.44, Mergenthaler Linotype at 1.92. GAS BONDS.
Wholesale prices show live poultry including hens roosters ducks and turkeys with per pound rates and dressed poultry figures. Fresh eggs, New York State cheese, butter and a long list of vegetables and fruits with regional origins and per unit or per crate prices.
United States Treasury reports at close of business yesterday a net balance and totals for receipts and payments. The deficit for the fiscal year is 103,216,552 dollars, against 24,347,488 dollars last year, excluding Panama Canal and public debt transactions. Amounts include 48,649,167.61 dollars in some category.
New York April 30 The cotton market retraced part of an early advance as weekend forecasts and rain from the Southwest shift eastward, easing drought pressures in the East. The close showed a net gain of 2 to 5 points with futures trading around 10.07 to 10.83.
Three men accused of robbing Masury Paint Company bank messengers last June pleaded guilty on Thursday following leaders Philip T White and James F. Clinnin who admitted instigating the crimes. They face sentencing next Wednesday as White’s wife vows to rejoin him after his sentence.
J William Mangum, 26, chief electrician of Capital Refining in Relee near Alexandria, killed by a high voltage shock while repairing a wire near the Plant. James Plummer, 17, injured after falling from a bicycle near Sixteenth and V streets while clinging to a car. taken to Emergency Hospital. George Quigsey, 72, painter, injured with possible skull fracture at Munsey building annex. at Emergency Hospital. An old gold watch valued $84 stolen from John Rollew at 70A Hates Street NW. An auto owned by James Merrill found wrecked. two men arrested for stealing and wrecking it. Farry Brandy, 8, bitten by a dog near Massachusetts Avenue. Mrs. Nellie Reed injured on a streetcar at Eleventh Street NW. declined hospital. Virginia Johnson, 11, hit by car near home. treated by Lieut Green and released. Eliza Grace, 15, burned while cleaning with gasoline. treated at Casualty Hospital. Mounted Sgt. McCormick and Mounted Officer Trumbo run down by car on Benning Road NE. horse injured. license number recorded. Dr James T. Blue colliding with horse and wagon on Fourth and B Streets SE. Fenwick injured. collision unavoidable. Carl Hudson, farm hand in Clarksburg WV, struck by lightning while seeking shelter near Salem.
Oil market update lists credit balances at 135 dollars, runs 94288, average 91491, shipments 43797, average 53393. Figures reflect Apr il 30 data for Ol City Pennsylvania trading activity.
Hogs receipts in Chicago 16,000 strong with gains up to five cents. bulk 7.60 to 7.70. cattle receipts 1,000 steady with ranges for native beef steers 6.15 to 8.75 and cows 3.10 to 8.50. sheep 6,000 steady with lambs 8.10 to 10.75. New York receipts hogs 4,036 strong with heavies to 8.25. cattle bulls and cows mixed. calves higher to 10.50. sheep and lambs 3,986 steady with unshorn sheep 6.50 to 7.76 and lambs 8.00 to 11.25.
Philadelphia markets show butter steady eggs steady cheese firm. Wheat lower for No 2 red export and No 3 Northern Duluth export. Corn weaker No 2 spot export. oats steady.
The Washington cattle market reports varied quotings with Hors, sheep and veal calves at steady demand. Medium prices around S420 for veal calves and lambs at 103 cents per pound. hogs small and large ranges noted as receipts of calves decline.
New York on April 30 reports mixed cottonseed oil futures with prime grades ranging from 5.60 to 7.96 for various months. Prices show summer yellow at 6.55 to 7.96 and winter yellow plus summer white at 6.60 to 7.50, with several near-term contracts listed.
New York on April 3 shows Mercantile paper at 4 3 quarters percent and sterling exchange easy with 30 day bills at 47660 and cables at 4736. Demand 4 7933. Bar silver 50. Government bonds weak while railroad bonds are irregular. Time loans steady with 6 and 7 day terms at 2 and 6 months at 34 4. Call money steady with high 2 and low 1 percent. ruling rate 2. last loan 3. closing bid 1 percent. offered at 2.
In Battle Creek Michigan on April 30 an inheritance tax of 112758 was ordered in the probate court on the late C W Post estate valued at about 12700000. It marks the largest inheritance tax in Michigan and relates to a broader State suit over Post residency between Washington and Battle Creek.
This afternoon at five o clock the United States Marine Band performs on Potomac Drive led by William H Sentelmann with program including Sword and Lance Slarke Overture Ruy Blas Caprice Espagnol Beenes from Aide Waltz Espana Mazeppa and Halls of Monte
Police court will hear 14 warrants against licensees as district officials probe lawful distance rules for churches and schools. Antisaloon League pushes action after issued directives to test Jones-Works law. board defends decrees as legal. Prosecutions to cover clubs, hotels, and wholesale premises with focus on proximity to residences and business districts.
An aged broker advertisement by THOMAS L. HUME at 1410 G St Rooms 1 offers to buy and sell capital stocks and bonds including Capital Traction Washington Rw Graphophone and others. It specifies prices, quantities, and delivery terms with cash settlements at the customer's bank.
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