Foreign Bills Lower Demand Sterling Amid War Finance Strain
New York May 21 foreign exchange markets show demand for sterling dropping to 4.78, the lowest since 1873 panic, with France and Italy finding remittances weak. London's rate recovers after talk of more gold at Ottawa. Experts warn that unless financial strain eases, many belligerents may move to a gold and paper standard. Stocks rise with war shares leading gains. United States Steel holds, and bonds show broad weakness amid cash balance indications.
MENTIONED IN THIS ARTICLE
London
New York
France
Ottawa
England
Russia
Italy
Great
Wall Street Gossip on War Supply Orders Moves Stocks
New York May 21 reports say war supply orders fueled Westinghouse and General Electric moves. Westinghouse rose over 1 point from 79 while below its 108 peak. Lehigh Valley April earnings up 300,000 boost for 10 percent dividend. Reading gains eyed for April. Missouri Pacific notes unclear at 86. Kansas and Texas old notes 75. Southern Railway 1916 at 9. New Haven at 99. Regular quarterly dividend 3 on Standard Oil of Ohio with extra 3, payable July 1. Ohio Oil 1.25 quarterly with 0.76 extra. Last dividend 1.25 plus 1.25 extra in March. Chicago-NY par $1000 at 10 cents premium, Boston at par.
MENTIONED IN THIS ARTICLE
New York
American Agricultural
Amer Tel & Tel Co
American
American Tobacco
Armour & Uo
Atchison Gen
Atchison cv
Atlantic Coast Line
Baltimore & Onio
Baltimore & Ohio cv
Central Leather
Chesapeake & Ohio
Chesapeake & Onio
Chi
Burt & Quincy Joint
Burt. & Quincy
Chicago Great Western
Mil
Mil & St. P Wen
Chi, Mil & St
Interborough
Kansas City Southern
Lake Shore
Liggett
Myers
Esse
Lorillard
Poteea
Loulaville & Nashville
Missouri, Kansas & Texas
Missouri Pacific cv
New York Central
New York City
New York State
New York Railways Adj. Ds
NOY
NH & WW
Norfolk & Western
Northern Pacific
Oregon Short Line
Pennsylvania
Pennsylvania Con
Pennsylvania Consolidated
Lay Consolidated
Republic Steel Ba
St Louis & San Frances
St Louis Southwestern Con
Seaboard Air Line
Adj
Southern Bell Te
Southern Pacific
Southern Factfle
Southern Railway
Texas Company
Texas & Pacific
Third Avenue
Union Pacific
Tnion Pacifier Rs
US Rubber Isanes l S Steel
Virginia-Carolina Chemical
Hee Western Union
Weatinghouse Electric
Ba.s
eRiad
Westinghouse
General Electric
Lehigh Valley
Reading
Kansas
Texas
Southern Railways
New Haven
Standard Oil Company of
Ohio
Ohio Oil Company
AlAska Gald M
Sty
Mack. Cos. Boa
BOPAL
Allis-Chalmers
Maxwell M. C
Maxwell M. Ist
Allis-Chal
Amal Copper
Maxwell M. 2d
Am. Ag. Chem
May Dept
B. Sf & F. Ctf
Miansi_ Copper
A. B
K. & Tam
Missouri Pacific
Mam. Car & Fdy
National Biscuit
Am. Cotton
Nat
Cloak & S
Yank
Nat. Enam
China
Ice Secur
Nevada
N. O
Willard D. Straight
North Amer
Tayy
Pactio
Baldwin Locomo
Pacific Mail
United States
Balt
Fay
Penn. R. R
Bethlehem
Financial System of
Beth
Butte & Sup
Co|Cal Petrol. Ptd
Bt Spring
Canada
Pacific
Ches & Chica
Iron & Steel Ath
Chicago Gt. West
Iron & St. Pi
Chicago
Gt. W
Rock Island
St. P
Rumely
N. W
R. I
St. L
C. c
St. L. & S. F.2d Pta
C. Cc
St. L. Pv
Seaboard Air L. Pras
Sears Roebuck
Cole, Fuel & Iron
Conso
South Pacific
Southern
Washington
South
Ameri- 000
Studebaker
Crucible Steel
Texas Co
Erle
United Ry
General Motors
United Ry. Inv
Pti
Gen. Motors
U. S. Ind. Alco
Goodrich
B. F
Steel
Great North. Ptd
VITAL
Steel Ptd
Guagen
Utah
Gaya
Orleans
Memphis
St. Louis
Car
Inter
Metro
Wabash
Harv
West
Mary
Pau
Inter Paper
Western Union Tel
Thig Linter Paper
Kan
City Boy
Lack. Steel
Europe
Laclede Gas
Ll. Hh
Japan
Willys-Overland
Louis, & Maah
Wisconsin Central Om
Great Britain
Nieh
Panama Canal
Chicago Grain and New York Beeaver Market Summary
Chicago and New York crop markets show mixed receipts and firm to weak prices. Hogs in Chicago ranged 6.00 to 7.80, cattle and sheep varied with native beef steers from 6.96 to 9.25 and lambs up to 10.16. New York bees and calves posted steady to firm values, with spring lambs reaching 12.00 and winter lambs 10.50. A San Francisco to Washington dispatch notes a US China trade mission visiting major centers, highlighting silk and tea trade interests and aims to boost U.S. Chinese commerce.
MENTIONED IN THIS ARTICLE
Chicago
New York
Stedre
Holland writes of cotton economics and trade balance
New York May 21 Kween HB Yang, in the United States to study banking and fiscal policy, will oversee a commission of Chinese merchants visiting New York in June. He notes strong U S favor among Chinese merchants and cites China’s many currencies causing trade confusion, mentioning about 100 currencies historically.
MENTIONED IN THIS ARTICLE
New York
Kween HB. Yang
United States
Columbia University
New York City
Yang
China
Baltimore Markets Report May 21 Oats Butter Eggs and Wheat
Baltimore markets show oats dropping to 59 60 cents for No 2 white, butter ranges up to 30 31 cents for creamery fancy prints, eggs in Maryland Pennsylvania and Western firsts at 18 cents, Philadelphia notes butter market firm, eggs weaker, corn firm, wheat higher with No 2 red at 125 155 cents and No 1 Northern Duluth at 166 168 cents.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Pennsylvania
Ohio
West Virginia
Philadelphia
Ft. c
Western
F. c
Duluth
Cottonseed Oil Market Prices Reported
New York May 21 prime crude cottonseed oil quotes show ranges from 5.33 to 6.88 with monthly futures for May through October. Prime summer yellow is 6.33 to 6.77 and prime winter yellow plus summer white at 6.50.
MENTIONED IN THIS ARTICLE
New York
New York Produce Prices Report May 21 1926 Butter Eggs Cheese Poultry
New York price report shows butter receipts 9 959 creamery extras 92 score. eggs receipts 21 359 fresh gathered extras 22. cheddar irregular 3 398 state whole milk specials 17. poultry alive firm fowls 19 turkeys 12 dressed Western frozen 17 22. sugar raw steady 4 89 centrifugal 4 12 refined steady.
MENTIONED IN THIS ARTICLE
New York
Hennery
Copper and Iron Market Notes From New York and London
The metal market shows quiet activity in New York with electrolytic copper at 18.75 to 19.00 and casting at 18.97 to 18.75. In London spot copper lines at £75 53 with futures at £75 bn and iron steady.
MENTIONED IN THIS ARTICLE
New York
London
New York Cotton Market Moves On Renewed Covering
Trading opened with renewed covering pushing prices up but later eased while closing steady. Futures showed mixed highs and lows with December and January contracts reflecting minor shifts in activity.
MENTIONED IN THIS ARTICLE
New York
New York Money Market Summary May 21
Mercantile paper quoted at 34 4. Sterling exchange steady with 60 day bills at 4.7550 and cables at 4.7878 demand 47825. Bar silver 49 1/2 cents. Mexican dollars 38. Government bonds firm. Railroad bonds heavy. Time loans steady 60 days 2 3 4 percent. 90 days 3. six months 3 4 percent. Call money weak high 2 low 1. ruling rate 2 last loan 1 1/2 percent.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Sterling Exchange
Cail
Offerca
Local Financial and Business Notes Summary
Local stocks moved in a narrow range with sustained prices and above normal volume. Traction stocks attracted attention with capital traction at 7 to 97 percent, Washington Railway and Electric common at 92, and 4 percent odd lots of Mergenthaler at 185. Columbia Title Insurance near 5 for 105 shares, Graphophone common active around 70, and Potomac Electric consolidated bonds at 100 along with Capital Traction 5 at 105.
MENTIONED IN THIS ARTICLE
Washington Railway and Electric Common
Eagy
Mergenthaler
Columbia Title Insurance
Potomac Electric Consolidated
Washington Railway and Electric Preferred
Mergenthaler Linotyne
Capital Traction Railroad Ba
Columbia Title
Georgetown Gas
Ind
Washington Gas
Columbia Gas & Electric
Capital Traction Co
Ana
River R. R. Bs
River
City & Suburban Railway
Metropolitan Ry
Elec
Aig Wash
Alex
Mt. V
Tel
Teleg
Col
Market Co
Wash. Market Co
Security Storage Co
Washington Market
Potomac
Washington Buy
Washington Ruy. Com
Lanston
National Bank of Washington
Munney Traat
Washington Baseball Club
W. Steamboat
Capital Traction
Washington
Thomas L. Hume
Potomac Electric Consolidated 5s and Capital Traction bids
In the local stock exchange, regular sales call at noon lists Potomac Electric Consolidated 5s with multiple 100% bids of 1000 dollars each and small variations. Capital Traction shows two notes at 97 and two notes at 97.2 with a 2 percent at St.
MENTIONED IN THIS ARTICLE
Potomac Electric Consolidated
Capital Traction
Treasury declares fiscal state of May 20 1916 net balance and assets
United States Treasury reports close of business May 20 1916 with net general fund balance of 14 101 239 and total receipts 2 477 598 while total payments stand at 2 422 340. The fiscal year deficit is 106 833 176. Revenue receipts for the day and month are provided along with year to date totals and a detailed breakdown of general fund assets and liabilities including gold and silver holdings, Treasury notes, reserves, and bank and Philippines assets totaling 1 996 275 923 44 in cash assets.
MENTIONED IN THIS ARTICLE
United States Treasury
United States
Treasury
Federal Reserve
National Bank
Minon
Ben L Prince
Boas
Local Produce Market Wholesale Prices
Wholesale market price list for poultry eggs butter cheese and vegetables. Items include alive poultry hens roosters ducks turkeys chickens spring chickens dressed poultry various vegetables with prices by Ib, per bbl, per crate, and per sack. Regional notes cite Florida California North Carolina Virginia and Virginia markets with fluctuating per unit prices.
MENTIONED IN THIS ARTICLE
New York State
Virginia
Florida
North Carolina
Asparagua
Texas
California
Washington Cattle Market Receipts Steady Demand
Hogs near 7 8, sheep clipped 44 5, veal calves 914 10, medium 84 9, lambs 104 11, hogs small 9 10, large 86s. Receipts of calves fair, demand steady. Receipts of lambs light, demand steady.
New York Grain Market Report May 21 Wheat and corn firm
New York grain notes firmer futures for wheat and steady to firm spot prices. Wheat values show No 2 red at 1.62 and No 2 hard at 1.644, with Northern Duluth and Manitoba bids around 1.61 to 1.62. Corn and oats firm with No 2 yellow corn at 85 percent and oats listed for standard and white grades. Rye and barley subdued.
MENTIONED IN THIS ARTICLE
New York
Chicago
Alaska Juneau
Kansas
Oklahoma
New
Goldfield Florence
Cts
Corn Goldfield Consolidated
Habana Tobacco
Lehigh
Riker Hegeman
Standard Oil
Standard Oil of
Indiana
Kentucky
Nebraska
Ohio
Tay iTonopah Exteibsecier
United Cigar Stores
United Profit Sharing
Oate— Wabash
W. 1
Wabash A. Pfd
Baltimors
Con. Power
Con. Coal
Houston Oil
T. C
United Rys
E. Co
Con Gas Dh
J. F
Duluth
Northern Mantoba
F. Buffalo
Latin American States Meet McAdoo Before Conference
A private 10 o clock meeting in the Treasury with Secretary McAdoo and about fifty Latin American delegates will discuss trade and financial relations before the Pan American conference opens. Officials expect a broad reciprocal finance policy, with bankers, importers and manufacturers outlining needs to boost Western Hemisphere markets.
MENTIONED IN THIS ARTICLE
McAdoo
Treasury Department
Americas
Treasury
Europe
South America
United States
Rowe
Tax receipts surge as district collector cites large advance payments
Tax payments at the district building totaled 142 million dollars yesterday and 116 thousand for the day prior, indicating a large portion of levies will be collected early. Officials in the collector’s office report strong compliance and expect continued inflows.
Oil Quotations On City Pa May 21
Credit balances 1.35. Runs 108408 average 90713. Shipments 54945 average 47 000. OB B.
MENTIONED IN THIS ARTICLE
City
Also Mentioned on This Page
States Steel
Missouri
Chesapeake and
Rock
Boston
Alaska Gold
Atlancs Mining
Bay Copper Range Consolidated
Franklin Mining ‘ Granby Mining
Greene-Cananeamu le Lake Mining
Ine Bu Mayflower Mining
Miami Mining
Baty Nevada Consolidated Atone
NH &H
Orth Butts Mining
Peminton Mining
Osceola Mining
Bay Consolidated Mining
Si Shannon Mining
Superior Mining
United Fruit
United Shoe Machinery
Utahk Consolidated Mining
Utah Copper Mining
Victoria Mining
Wolverine Mining
Rex
Panama
Wall Street
Chicago Exchange
Boston Exchange
NEW York Stock Market
Curb Market
Chicago Grain
San Francisco
Holland
America
E. Yang
Port Movement
Mdig
Galveston
Mobile
Savannah
Charleston
Wilmington
Norfolk
New Orleans
Houston
Ois
Cincinnati Tasano
Little Rock
Dallas
Bose
Auguste
St Louis
WEW York Money Market
the National Metropolitan Bank
15Th St
U. S. Treasury
Local Stock Exchange
Philippines
Local Produce Market
Washington Cattle Market
NEW York Grain
The
Zarnid
National Savings and Trust Company
15Th
N. Y. Ave
Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street N. W
Ralph W. Lee
14Th St
N.W
Mergenthaler Linotype CO
Mergenthaler Linotype Company
Fred'e J Warburton
Ste. Northwest
Jack
Colorado
Mekhoir
Georgetown Law School
Fla Ave
Sth
Northwest
Bitchell
J Frwig
Navy Yard
Roche
Cotorada
Zee
Apt
Tao
Kenyon Stan Cal
General Delivery
Corcoran
Cuecy
Chase
Hoy
Table Board
Apt. 8
Oakland
QN College
Smmer
Sallis W Smith
Shadwell Alb
Phillip
Southern Hidgebil Tfe
Housebgat
L st_ nw
Harry Haw
Geo. W. Green
Loth St. Nw
Gall
Willard Storage
Wilcox
Agricultural Department
Holly Fred Barnes
Eleventh Street
Strayer’s Business College
Masonic Temple
Eugene H. McLachlen
Supreme Court OF the District OF Cr
Charles Dunton
Mary Frances Drinter
Charles Tunton
Montay
Woo Incho Om
Washington Law Reporter
Washington Past
Siddons
James Tannfer
Register of Wills
Probate Court
Charles W. Darr
Justs
Peyser
Supreme Court OF the District of Columbis
George R Linkins
Plulotifl
Mary L Alexander
Egelir Deker
Tisbet
Samuel Trayidean
District of Columbia
Flefeniants
Alexander Langhorne
M Langhorne
Sgt
Washington Post
Walter I. McCoe
Seal
JR Young
Mingham
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