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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 18, 1911
Page
2
The Washington Post reports a broad stock market rise at open and close led by American Tobacco and Standard Oil on the curb. Panamas bonds attract high bids amid favorable crop conditions, improving copper and iron sentiment, and news of Diaz’s imminent resignation in Mexico.
York on call steady at 214, closing bids and offered rates mixed. 60 days and 90 days notes show varying yields with changes typical for mid May. Government issues note mild activity while delivery and settlement details list 145,912 items with 18 issues averaging 194,725. Market tone remains cautious amid thin liquidity.
May 17 report from New York and Chicago shows receipts and price ranges for cattle veals and dressed beef at NY BEEVES market. Sheep and lambs largely steady to lower with spring lambs down, hogs weak, and overall tone cautious across regions.
Special to The Washington Post from New York on May 17 notes the American Sheet and Tin Plate Company plans to lay off 609 Humbert plant workers after May 20 with no official reason given for the shutdown. The Atlantic mills of Republic Iron and Steel closed due to insufficient orders, while two smaller furnaces reopened employing about 590 workers. Intercontinental Rubber Company's stock fell amid low crude rubber prices, despite expectations its Guayule products could compete with Brazilian rubber. Wire-house order volumes show broad improvement following Standard Oil decision, with large and smaller firms reporting stronger demand. Orphan Copper Company stock traded at 1 cent in a public auction of 161,200 shares. prior quotes showed 83 8, then 1.50 bid. Copper trade remains active, with July German shipments of electrolytic copper at 12 cents and a 2,000,000 pound domestic sale at 12 1/4 cents. German copper-using industry runs at about 87 percent capacity versus 67 percent in the U.S.
Ex dividend information shows shares received by W B Hibbs & Co bankers and New York Stock Exchange members with reference to Chicago Board of Trade activity. The fragment indicates a market notice about dividend-related movements and broker actions in a historic trading context.
Mixed activity characterized the Washington Stock Exchange as traders noted gains in Washington Railway and Electric, Greene Cananea, and Washington Loan and Trust while others like Mergenthaler and Capital Traction showed limited movement. A later IPC decision discussed half holidays, freight rates, and public bids for new government securities, with reflections on upcoming mergers and charter approvals shaping the financial landscape.
Prices rallied on May 17 as old crop records were set and July futures rose to about 15.98, aided by short covering and trade buying. The market closed steady with an 8 19 point advance amid professional activity. Rain in the South spurs limited new buying for speculative long positions, while commission houses largely sold new crop positions.
A society notice lists numerous patronesses including Mrs Arthur Lee Mrs Glover Mrs Thomas Nelson Page Mrs George Von Meyer Mrs Leiter Mrs George Howard Mrs E B McLean Mrs Walcott Tuckerman Mrs Richardson Clover and Viscountess de Sibour. Mrs Murrey Cobb serves as president of the auxiliary ward home society.
Mrs Talmage hosted a bridge party at the Highlands yesterday afternoon. A reception at the Congressional Club is planned for tomorrow from 4 to ? Miss Martha Gielow will address the club on stories of the Mountain People. Col Thompson and family plan trips. the Everglades is anchored in the Potomac and will sail to Annapolis next week. The Lapland voyages continue for Noyes and their relatives with extended stays abroad. Helena Palmer has recovered and returned to Washington. The Interior Secretary and Mrs Fisher occupy 1810 Connecticut Ave, previously the War Secretary’s residence. Speaker Champ Clark returns from Atlantic City. Medill McCormick is at the New Willard before summer travel. Mrs Hobson returns to Washington and Mrs Huff will spend the summer near Greensburg.
Wheat futures turned higher on bullish Nebraska and Southwest crop signals amid rainy Russia reports and weak cables. May closed 0.97 1/2, July 0.92 1/2, September 0.94, with receipts 26,400. corn steady at 61 final, July 60. oats firm with spot 40 1/2. Local notes mention Mrs. Lester planning Beverly Farms summer, Mrs. Alden Smith heading to Grand Rapids, and Mr. Charlemagne Tower returning to Philadelphia.
Col Heyl and the Misses Heyl plan to leave Washington late month for Deer Park for the summer. Mrs John Leggett Pultz returns to New York after visiting her parents in Connecticut. Chief Justice Stanton J Peelle and Mrs Peelle will depart mid June from Washington to Clifton Springs for part of the summer. Mr and Mrs Stanton C Peelle and family to Westhampton Long Island for the season. Mrs John W Weeks leaves Washington for summer in Massachusetts. Miss Weeks to visit Connecticut. Mrs Charles C Marbury returning to Washington today.
Wheat and corn prices move firmer and steady in Philadelphia as butter eggs and cheese hold firm levels. Local social updates include arrivals at the Dupont apartment for Lieut. Francis Ruggles, the Stedmans' June trip to North Halley Canada, and society events from a 2107 Street NW musicale to a Potomac Chapter tea for national officers.
Mrs Julie McGowan announces the marriage of her daughter Adine Put nam to Lewis Henry Machen of Alexandria Virginia. The ceremony was performed by Rev George F Dudley yesterday.
In New York on May 17 Joseph Rudan fired at burglars on a Clinton street rear fire escape. A bullet pierced the window and struck Annie Duke, 15, in the mouth as she sat up in bed. The girl is not expected to survive.
A practitioner in Physiologic Therapeutics describes a method using a goblet of oatmeal water two hours before breakfast, plus an exclusive oats meal with honey and coarse dry bread chewed 20 times per mouthful. The regimen includes thorough mixing, twelve hour standing, daily two quarts water with a two hour gap from meals, and morning and evening olive oil with buttermilk.
Baltimore markets report dull wheat at 94 on grade 90 94 and quiet corn. Gats steady No 2 white 39 percent rye quiet No 2 Western domestic 1.10 to 1.11. Poultry prices list spring chickens 1% pounds 28 per lb small to medium 15 poultry older roosters 9 10 ducks prices vary 12 p19 goose and guinea fowl prices per pair 20 30. Butter creamery fancy 22 22 1 2 percent. Maryland rolls 13 18. cheese and dairy prints listed. eggs Maryland and nearby firsts per dozen 16.
Wholesale price list shows fresh fruits vegetables and dairy items with irregular figures for eggs butter cheese poultry and greens. Notable entries include potatoes sweet potatoes Georgia new potatoes South Carolina asparagus cucumbers onions mushrooms beets Florida tomatoes North Carolina peas apples oranges pineapples veal calves hogs sheep and lambs with varying unit prices and per pound or per crate quotes.
The Metal Market reports steady copper with spot at 11.60 to 11.75 for May, June, and July and 11.6774 to 11.7213 for August. London dull with futures at 54 pounds. Exports through customs show 14,619 tons this month. Iron in Cleveland warrants 4 cents, with No 1 foundry iron varying by Northern and Southern sources and soft varieties quoted.
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