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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 07, 1915
Page
2
In a volatile session May 6, Bethlehem Steel led a late rally with gains near ten points as investors weighed Anglo American loan to Argentina and a firmer foreign exchange backdrop. Trading showed irregular price moves with readers and other industrials posting mixed results while bond markets eased and total sales reached about 93.7 million dollars.
Foreign houses sold many stocks on cable and mail orders as two steamers arrived. The Cincinnati New Orleans and Texas Pacific Railway declared a 3 percent regular dividend, a 2 percent extra on common, and 1.4 percent on preferred stock. Amalgamated Copper to dissolve as holding company and distribute assets, offering Anaconda stock at 25 per six Amalgamated shares to stockholders of record May 17, to raise funds for obligations and leave about 3 per share in cash.
Reports from clearing houses show accuracy in remarks by US Commerce and US Steel leaders at a Philadelphia convention. National City Bank May report notes European belligerents have war loans totaling 9.6 billion, with potential three to fourfold expansion if war lasts. Inflation fears arise among business leaders as finance weighs future costs.
New York May 6 The essay notes danger in postwar prosperity and warns of looming inflation. It states Canada eyed a loan up to 100 million, facing U S resistance to belligerent debt loans yet seeking funding via municipal issues and artificial means. Financiers favor Canada and U S banks view Canada as strong customer.
The New York cotton market opened with a further decline, then rallied about 1.80 per bale. Although gains faded, closing nearly steady with net increases of 10 to 15 points. Futures showed January at 10.41 to 10.85, May around 9.62 to 9.74, and October near 10.20 to 10.13.
Chicago grain markets edged lower as favorable domestic outlook weighed on wheat while corn and oats slipped modestly. Cash quotes showed No. 2 red wheat around 1.60, No. 2 yellow corn about 77 cents, with oats at roughly 56 cents and rye near 1.20. Futures tracing uneven moves across May through July with varying highs and lows, reflecting a cautious trading tone.
Local financial notes report a dull session with minimal price moves in stocks and bonds. Washington Railway and Electric and National Bank of Washington were among the few names trading while Lanston Monotype Company reelected its board at Alexandria, with officers to be chosen later.
Local stock exchange reports regular noon calls with Washington Railway & Electric bonds quoted at par and premiums for preferred issues. Enterprise notes show Washington Gas and Potomac Electric Conservancy listings with varied prices, while Capital Traction and Continental Trust present after call activity and percentage yields.
United States Treasury report dated May 5, 1915, shows net general fund balance of 17,923,344 with receipts 1,846,176 and payments 1,194,041. The fiscal year deficit stands at 104,064,662, with prior year deficit 36,420,859. Total cash assets, gold and silver reserves, and national bank funds are itemized across multiple categories.
New York money market shows mercantile paper at 3 1/4 percent, Sterling exchange steady with 60 day bills at 4.7876 and demand at 4.7935. Bar silver at 50, Mexican dollars 3 6 44. Government and railroad bonds steady to easy. Time loans easy with rates around 2 percent. last loan 2 percent. closing bid 2 percent, offered at 2 percent.
Philadelphia markets reports butter and cheese firms with steady to lower grain prices. No. 7 red wheat export at 1.54 and No. 1 northern at 1.87. Corn steady and oats lower on white 3 yellow 624 63 range.
New York on May 6 reports firm electrolytic copper at 19.00 and casting at 18.60 to 18.7. London spot copper stands at £78 and futures at £79. TRON market remains quiet and unchanged.
Credit balances stand at 1.36 while rune and GST figures appear with averages and shipments. The data lists a 65 698 average and 37 521 shipments with an average of 44 841 across categories.
New York on May 6 reports prime crude and refined oil futures with assorted months and prices. Values list May to December contracts for prime crude and yellow varieties, noting ranges from 5.60 to 7.60 and occasional 6.87 to 6.97 for summer and winter yellows.
Spot wheat eased with No 2 red at 1.674 and No 3 hard at 1.6942 cents. Northern No 1 northern Duluth at 1.645, Manitoba at 1.6644. Buffalo futures May at 1.6315. Corn spot No 2 yellow at 7 cents. oats quiet standard at 61 14, white at 62 634. rye steady.
New York receipts include 1758 cattle and 1450 sheep and lambs with no trading. calves 106 head also show no trading while hogs at 2200 head remain unsold. Chicago market reports 31000 hogs weak with mixed prices and 6000 sheep and lambs weak, cattle receipts around 2000 with weak demand.
Wholesale prices listed for live poultry and dressed poultry including hens roosters ducks and turkeys with per pound rates. Dairy items show New York state factory cheese Elgin butter and nearby eggs with regional ranges. Vegetables and green fruits cover potatoes yams sweet potatoes lettuce peppers spinach okra carrots beets beans eggplant tomatoes and oranges strawberries grapefruit lemons and pineapples with varied per unit and per crate or sack pricing.
New York May 6 butter receipts 4 930 and creamery extras high demand. Egg shortages steady with fresh gathered extras and firsts prices shown. Cheese and flour steady. pork steady. beef steady. lard easy. Poultry alive firm with western broilers fowls turkeys steady to 12 percent dressed and iced. Market details cover multiple dairy and meat lines with varied price ranges.
Baltimore market report lists wheat prices for No 2 red Western and spot contracts, mixed corn and oats, live poultry including various hens and roosters, ducks and turkeys with weight ranges, butter varieties and prices, eggs from Maryland and nearby regions, and Washington cattle market quotes for hogs, lambs, calves, and receipts.
Classified request for furnished fur rooms near downtown with options for two adults and four rooms total. Also seeks unfurnished rooms under five dollars a week, nearby addresses include 118 Cst Fe, 129 Ind. Ave basement, 1845 lst St NW, and 1424 R St NW. Requests board, kitchen access, and private family arrangements.
A damaged ad lists horses and vehicles for sale in Washington area. Entries include ten year old horse for Bo0d farm at 625 N Avenue NW, multiple harness sets, repair and sale notices, second-hand carriages and wagons, saddles, and related tack. Locations quoted include 908 Toth St NW and 408 14th St NW with times and partial prices.
Official notice from the District of Columbia Supreme Court announces the establishment of a uniform building line on Euclid street north side between Ontario road and Champlain street in square 2564, with a five member jury to assess damages and a May 11 hearing date, published in leading local papers. The document also includes probate court notices for estates of John H Drury, Samuel S Shelley, Eliphalet T Andrews, and Orville Johnson, with administration details and filing deadlines.
Proposals in triplicate will be received by the Quartermaster General in Washington DC until 2 pm Eastern on June 3 1915 for furnishing yeinte valuables glues for fiscal year 1916 at depots of the Quartermaster Corps. Also sealed proposals for repairing and remodeling plumbing in the Weather Bureau Building Washington DC will be received until May 10 1915 with drawings and specs on request. Navy Department proposals for laundering towels and bed linen for the Naval Observatory will be received until May 13 1915 with blank forms from the Chief Clerk Navy Department. Roosevelt Assistant Secretary of the Navy.
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