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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 18, 1912
Page
2
The market closed near firm levels with steel shares advancing while St Paul and Wabash posted gains in the New York banking sector lifting cash totals for the week. Reports from the Chicago market show mixed afternoon changes as banks gain about eight thousand dollars in cash for the week and overall prices hold slightly above yesterday’s close.
The May report shows New York bank clearings totaling 33,483,145.00 with weekly comparisons to prior figures. The U.S. Treasury section lists revenue receipts, deficits, and mixed balances across reserve and trust funds, plus national bank notes and silver dollar data for the period.
A dense OCR bill of stock trades and bond quotes across multiple sectors. Includes Washington Railway and Electric notes, Mercantile Savings Bank, Lanston Monotype, gas and utility bonds, railroad bonds, mining stocks, and insurance stock listings with bid and bid-like prices, rates, and issue names.
Livestock market notes show cattle receipts around 1000 with Western steers at 6.10 and stockers and feeders near 4.70, cows and heifers about 3.00. Hogs steady to firm, sheep and lambs lower, hogs around 7.50 to 7.90, overall market firm with some declines in lambs and heavier cattle. Beavers and West region listings indicate mixed activity and regional price shifts.
Curbs and bonds show a steady tone across markets with Con Power and Seaboard holdings cited, Houston oil ETFs moving modestly, and mixed bids at rails and utilities. Bankers report domestic bills and government issues steady as Anacostia and Potomac rates hold near 100.
New York markets show copper prices quiet between 15 80 and 18 03 with varied futures and local quotes. Wheat and corn offer modest downsides. oats steady. butter cheese poultry and eggs move modestly with regional differentials across elevators and ships.
In New York on May 17 the bond market shows strains as Wabash receivers report earnings from May 1982 while bonds trade under pressure. The Missouri Pacific and other issuers face lowered forecasts amid weather and coal industry woes. Curb Association lists millions in stock, while Tidewater and Virginian Railway financing shifts signal sparse dividend prospects and cautious investor sentiment.
New York May 17 trading at the Washington Stock Exchange showed no aggressive demand for stocks or bonds. Odd lot purchases appeared for investment accounts while bids were lowered across many issues. utilities and bank stocks traded thinly with few sales.
Grain prices fluctuated with wheat and corn futures moving after favorable crop news. Wheat futures fell early then recovered on covering and export activity. notable quotes include May at 1 18 , July 1 14 , and September near 1 08 . Receipts and shipments were reported across elevators and ports, with mixed export activity in corn and oats showing steady spot prices.
Wholesale vegetable and fruit prices from Florida to North Carolina show steady demand. Notes include poultry activity, specific per unit prices for potatoes cucumbers peppers beans apples oranges tomatoes cabbage and other produce. Meats section lists dressed pork values and related items.
R G Dun & Co weekly trade review notes mixed signals across sectors. Iron and steel show expanding demand with premiums for prompt delivery, railcar contracts sustain activity, and steel output nears capacity. Cotton goods hold steady despite unfavorable weather impacting retail. woolens edge higher in several lines. Leather strengthens with sharp hide price gains. footwear and textile shipments face weather- and demand-driven constraints.
Washington Post notes looming court fight over seats in Alexandria city council. Barrett and Lawler discussed as possible challengers to Lambert and Graham for unexpired terms, with legal arguments on vacancy timing and election rules. Candidates must file by noon Tuesday. court action expected after September 1.
Baltimore markets report lists wheat corn oats and dairy items with Maryland Pennsylvania and Virginia regions. It notes prices for butter bread rolls ducks and waterfowl, plus farmers numbers and regional price ranges across Eastern Shore and Powells near North Carolina.
Herald Council 49 Knights of Columbus 4 to hold a post mass meeting at Young Mens Social Hall at St Marys Catholic Church. Meeting plans final parade participation in Washington June and unveiling of Columbus statue, with arrangements for tomorrow’s event.
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