European news buoys stock market gains in New York
European political progress and strong foreign buying lifted sentiment at open. London demand for Steel Amalgamated and Union Pacific helped early gains of one to three points, but intraday trading faded as optimism tempered by domestic events and a July 1 deadline on Harriman dissolution.
MENTIONED IN THIS ARTICLE
New York
Montenegro
Europe
London
Steel
Amalgamated
Union Pacific
Jong
Wall Street
Supreme Court
Harriman
Union
Southern Pacific
United States
Treasury and Exchange Market Notes on Prices and Commodities
A compact market roundup lists butter, poultry, grains, and livestock prices on the New York and Philadelphia exchanges. WHEAT, OATS, RYE futures edge lower and firm. POULTRY and MEATS show varied per unit rates. regional prints note creamery butter, dairy products, and farm animal prices across Pennsylvania, Ohio, Maryland, Virginia, and Tennessee with specific per pound and per dozen figures.
MENTIONED IN THIS ARTICLE
Western
Seurhero
Kent Teland
Maes
West Virginia
Ohio
Maryland
Virginia
Pennsylvania
Delaware
Elgin
New York State
New
New York Produce Prices Mixed As Markets Drift
New York May 5 cotton and commodity prices show a quiet session with fluctuating values. Surplus receipts for butter eggs and flour mix with reports of rains in the southwest and private crop updates influencing the day’s movement.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Faji River
Oil Quotations and Market Figures from Oh City
The listing shows credit values, averages, shipments, and totals for May in Oh City with figures for Lima Indiana and South Wooster. The Elgin butter market is noted as steady with a May quotation and a rough price term.
MENTIONED IN THIS ARTICLE
OH City
Araries
Toldo
Ohin
Lima
Indiana
South Wooster
Wall Street Gossip on Rallies and Copper Prices
New York May 5 reports show London prices higher than New York earlier in rallies, with copper up due to higher copper metal prices. Foreign buying continued post London close, Anaconda Copper movements noted, and Pennsylvania ex-dividend figures cited along with Missouri Pacific earnings gains and a Paris gold engagement totaling 25 million dollars.
Local stock exchange opens week with limited business
The local stock exchange started the week with little actual trading though inquiries supported last week’s prices. Washington Gas showed activity with sales around par, Mergenthaler recovered a portion of its decline with a 217 quotation, and unofficial six month earnings hinted at gains. Some bank shares and United States Trust traded sparsely while Arlington Wire Insurance saw unusual marketing attempts that didn’t proceed.
MENTIONED IN THIS ARTICLE
Kington Gas
Hington Gas
Mergenthaler Linotype
Federal National Bank
United States Trust
Treasury
Ays
Washington Gas
Georgetown
United States
Capital Traction Co
National Bank
Stia and Potomac
Columbia
Columbia Railway
Metropolitan As
Railway and Electric
Alex
Mount Ver
National Ban
Philippine Treasury
Potomac Electric
Mort
Potomac Electric Power
Ches
Potomac Tel
Amer. Tel
Tele Cong
Norfolk and Wash
Timibt
Iggs Realty
Reserve Fund
Riggs Realty
Railway and Lectric
Virginia Ry
Dallas
Steamboat
Georgetown Gas
BET
Lanston Monotype
Greene-Cananea Copper
Aes de Columbia
District
Farmers and Mechanics
Federal
Lincoln
Oe Metropolitan
Aires
Washington
Trust Company
American Security and Trust
National Savings and Trust
Union Trust Company
Washington Loan and Trust
United States Trust Co
Continental
Citis Savings
Hos Savings
Union Savings
Corcoran Arlington
Franklin
Gera N- Americs
Nationl Chien
Potormac
Trans
Security Storage Co
Shea Washington Market
Stock Exchange
Inet
Mergenthaler
Arlington Wire Insurance
Andington
Muncey Trust
Financing shifts push high interest on top-grade bonds
A New York report notes a dramatic rise in yields for high-grade securities. Lake Shore bonds at 3.12% priced near par earlier now trade at discounts, while New York City and State issues seek 4% to 6% yields to attract buyers. The era of easy credit appears ending as banks and investors adjust to tighter financing conditions.
MENTIONED IN THIS ARTICLE
New York
Lake Shore Railroad Company
Albany
City of
York
Lake Shore
Europe
James Speyer
Vanderbilts
Grand Central Station
Mr. Speyer
Mr. Morgan
Morgan House
Vanderbilt
Moran
Speyer
City of New York
Ashbel Fiteh
Lecessit
New York State
New York City
H. H. Rogers
Rogers
Freight rate rise urged by railroad president
Pittsburgh May 5 Samuel Rea president Pennsylvania Railroad told a chamber luncheon that a general increase in freight rates is needed to support investment. He cited a 4.85 percent return in the Eastern divisions, flood costs of 3.6 million dollars, and an estimated national railroad value between 15 and 16 trillion dollars. He said government valuation may be used for tax, purchase, or rate regulation, and pledged to aid the Interstate Commerce Commission in assessing actual value.
MENTIONED IN THIS ARTICLE
Pittsburgh
Pittsburgh Chamber of Commerce
Samuel Rea
Pennsylvania Railroad
Interstate Commerce Commission
Bank Teller Missing $15,000 Sparks Theft Probe
H C Baseler, teller at Third National Bank of St Louis, is reported short $15,000 in his accounts. Investigators say two $16,000 bills triggered the probe. Baseler reportedly confessed and remains in custody of a national bank examiner. The case links to a larger $200,000 currency theft from Habana to New York. Baseler's finances and lifestyle are under scrutiny as details emerge.
MENTIONED IN THIS ARTICLE
St. Louis
H. C. Baseler
Third National Bank of
J. L. Bumphrey
R Baseler
Baseler
France Faces 160 Million Deficit In 1912 13
A report by Senate budget committee analyst Emil Almond notes France must cover a 160 million dollar gap beyond receipts to meet 1912 obligations, including a 20 million reserve for a projected three years army service, despite higher taxes and tobacco monopoly income. The Temps cites deficits despite 189 million in new taxes.
MENTIONED IN THIS ARTICLE
Paris
Senate
Hmile Almond
Temps Today
France
Treasury
Tobacco I
Ambassador Wins Suit in Pennsylvania Over Leishman
Judge Martarland rules John G A Leishman remains a Pennsylvania resident and dissolves a foreign attachment writ seizing Leishman’s funds in Pittsburgh banks. The suit against Leishman claimed 0.000 dye on stock and alleged residence in Berlin was temporary.
MENTIONED IN THIS ARTICLE
Pittsburgh
James R. Martarland
Common Pleas Court
John G. A. Leishman
Germany
Pennsylvania
Leishman
London
New York
Paris
Accuses a Railroad of Favoritism in ICC Complaint
Colonial Navigation Company of New York accuses the New Haven line of unlawful discrimination in favor of the New England Steamship Company. The petition, filed with the Interstate Commerce Commission, claims the railroad extended favorable rates to its rival while withholding them from Colonial, harming the New York firm.
MENTIONED IN THIS ARTICLE
New York, New Haven and Hartford Railroad
New England Steamship Company
Colonial Navigation Company of
New York
Interstate Commerce Commission
Colonial
New Haven
Copper Market Signals Mixed Prices Across Lanes
Copper futures and spot prices show variation with Standard and electrolytic copper quoted around 15.50 and 15.75, May and June futures near 30 to 49, London copper steadiness at £69 5s, and tin and Tin shares listed. Northern and Southern copper grades priced around 17.6 to 17.5 shillings, with Cleveland warrants cited at 87s 9d in London.
MENTIONED IN THIS ARTICLE
New York
Stendard
Spot
London
Northern
Southern
Cleveland
Destruction at Lewitt Plant After Severe Fire
A large chemical plant in Lewitt suffered total ruin in a fierce blaze. Fire teams battled collapsing bricks and heavy flames as crews worked to prevent spread and assess losses estimated around two hundred thousand dollars.
MENTIONED IN THIS ARTICLE
NOY
Mas A Agr Uiter Pany
Lewitt
Whittington Files Voluntary Bankruptcy Petition in District Supreme Court
Charles P. Whittington a plumber and contractor of 43 Seventh Street NW filed a voluntary bankruptcy petition in the District Supreme Court. The schedule lists debts of 987.40 and assets of 230. Attorney John W. Gardiner represents the debtor.
MENTIONED IN THIS ARTICLE
District Supreme Court
Charles P. Whittington
Seventh Street Northwest
John W. Gardiner
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Curb Market
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Allis-Chalmers
Ciis
American Tel
Tel
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American Tobacco
Armour and Co
Atchison Pen
Atchison
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Braden
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Giroux Consolidated
Greene-Cananea
Hollinger Rel Inn Intercontinental Rubber
Wwyan Kerr Lake Ark
la Rose Consolidated
Coal Sales Co
Mason Valley
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Marconi
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Te Ard OL
Sith
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NEW York Stock Market
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Aligh
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National Biseriit
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Anaconda Mining Fe
St. L
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Bay Consolidated
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My Republic
Rock Island Co
C' Ail
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Coles, Tuel and Iron
Slass-Shef. S. and I
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Imag
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R. G
Southern Ray
TEM
Dee
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Iric
Eal RT
United States Realty
owiGeneral Electric Jiserg
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THE
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Rte
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Seth
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Washington Produce Market
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iMarch. Fae
ILD Ns
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Bieri
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Clearing-House Association
Clearing- House Association
Frederick F. Fappen
Clearing House
Tappean
Rea
the Investors’ Bank
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Stannard
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Washington and Southern Bank
G Street
N. W
Center Market
J. Selwin Tait
W. B. Hibbs & Co
New York Stock Exchange
Chicago Board of Trade
Hibbs
Lewis Johnson & Co
Pennsylvania Ave
New Tork Stock Exchange
Letters of Credit Foreign Exchange
District of Columbia
Real Estate Trust CO
F Street N.W
Thomas J. Fisher & Co
Ith St. Aw. Inc
Paul V. Mitchell & CO
TIS
14Th St. N. W
18Th St. N. W
D. C
WM. H. Saunders , CO
Southern Building
15Th
Om Bert
Tyler & Rutherford, Inc
Wirth St
F. H Smith Company
Iznt
Wallimare
Uwiker
Tudo
Tamgraa
Rimat
Sme
Rhee
Otto de
Pessia
Marklower
Crans Vanlee
Nerranthe
Sterling Exchange
Rockville Bank
Washington Post
Rockville
Farmery Banking and ‘Trust Company
Harry Griffith
Herns Lam W T Dearby
Robert
Jtlton
Tot
Juv Bilson
Kidward Oo
Teher
Arthur Willige
John WW Walker
Fames
Teeets
Wiliam Wo Weish
Arthur Peto
Athe
Baub
Tury Willam Wo Weise
Joe Wiggins
Albert
Clerk
N. H
NEW York Grain
Duluth
West
OFM Oc. L
Wan
F. R. Dorr
TSS
Lith
Riggs National Bank
Penn. Ave
U. 8
National Savings and Trust Company
15Th and
N. Y. Ave
Fifteenth Street
U. S. Treasury
Ordcat National Bank
Texan
Swartzell, Rheem & Hensey Co