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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 27, 1914
Page
2
A stalled session yields little economic news with sporadic moves in gold for Paris and speculative issues. Gold briefly lifts on Paris demand while United States policy weighs on Everday balances. Some stocks show modest gains, others slip as markets await clearer guidance through midsummer.
A desynchronized OCR snapshot shows a dense array of bond and financial terms centered on New York markets. It references issuers, denominations, and entities such as Western, Inter, Mad, and Northern listings, with scattered place names and dates, suggesting a pagewide bond ticker or market table with incomplete readability.
Fragmented OCR style summary lists futures for soy, cotton, pork, and crude oil with mixed movements. Mentions Cleveland, Western meats, South America, and various price markers, including firm and steady notes, with unclear dates and several obscured terms.
Baltimore market page lists live poultry prices for hens ducks and eggs with Maryland Pennsylvania and nearby regions noted. Cattle sheep hog receipts and prices appear with rates for stockers calvers and spring lambs. New York and Chicago reports show mixed commodity movements and head counts.
New York May 2. Reports describe bold schemes to consolidate the Baltimore and Ohio and other rail lines debts under one blanket mortgage. The aim is to issue a single security, fund existing obligations, finance improvements, and cut clerical costs, following a model similar to United States Steel. The plan contemplates bonds around 600 million, backed by B and O properties and key terminals in New York and Chicago, with market-ready refinements ongoing.
In New York trading on May day buyers from Amsterdam and London favored copper shares while General Motors rose sharply, closing up five points on the day. The market noted improved GM conditions but cautioned against overoptimism as antitrust bills and investigations restrain activity. Shipments to Paris and Europe pushed total outward gold and dollar movements higher for the year.
Philadelphia markets show steady or unchanged trends across sectors with slight shifts in some items. Gutter and fogs futures ease, Cheese and Poultry hold steady, while oats and corn stay near prior levels for the period observed.
Grain data from New York shows varied results with No 3 red wheat delivery and No 1 northern oats noted. Prices for No 2 yellow corn and spot oats are steady while futures commentary suggests some early movement but overall weakness under favorable conditions.
New York money market shows mercantile paper at 4 percent, sterling exchange sm 60 days 45810, de mang 428 percent, and commercial bills at 4.85 percent. Government bonds steady, bullion irregular, silver at 6 percent. Mexican dollars at 44. Time loans steady at 0 to 0.5 percent, Monthe 3 percent.
New York May 2 The Standard Oil Company of New York announced a reduction of 18 cents in refined petroleum export prices. Refined in tanks 28 cents per gallon, refined in cars 11 cents, and standard white at New York and Philadelphia 8 cents. May 28 Cragit balances 197 Rus e 2138? average 11740 shipments 237734 an average 6090.
Agricultural figures released show beef cattle prices rising over 3 percent while hog and sheep quotations declined on April 1 compared with 1913. State variations appeared, with Michigan, Iowa, Missouri and Kansas reporting no change, Wisconsin down 30 cents per 10 pounds, and beef cattle prices advancing in the east while Midwest averages varied. West Virginia and Virginia reported notable state averages at about 66 and 30 dollars respectively.
Local stock market shows slight gains in technology shares with Mergenthaler rising to 216.14 and Lanston trading at 83.14 after sales of ten shares. Washington Gas bids up to 77 with twenty three shares at 77 3 4. National Capital National Bank up to 240 in bid. Bond list notes Potomac Electric consolidated bonds at 99 3 4 with a sale of 2000 dollars.
Weather bureaus weekly bulletin reports continued dry spell in Atlantic coast states from North Carolina to New England. Tobacco planting and vegetation growth slowed in southern portions, with heavy rain greatly needed across the Carolinas and Virginia to revive crops and greens.
The French consul general at Hamburg says German shippers stall Panama plans due to a water shortage in Gatun Lake, claiming a 14 foot drop in three weeks and insufficient river flow to refill the lake. Isthmian Canal officials acknowledge excess water releases, with Gatun Lake at 5 feet 9 inches above the required depth on May 9.
The sales report lists Patomac Tlectriccons at $2000 with a noon call, Washington Gas at $174, Mergenthier Linotype at 2164 and 216% with multiple lots, Lanster Monotype at 30%, and Mergenthaler Linotype trades at 516% after the call.
New York May 2 The Chinese Minister from the Republic Ka Fu Shah told a Delmonicas banquet that the old definition of a diplomat as a man sent abroad for his country no longer holds. He urged that modern diplomacy should focus on aiding each other and directing American capital toward China for profitable investments.
A scanned catalog lists produce and fruit prices across Virginia, Pennsylvania, Delaware, and neighboring states. Items include spring chickens, turkeys, butter, eggs, various vegetables such as potatoes, onions, tomatoes, peppers, cucumbers, and leafy greens, plus oranges, grap es, melons, and tropicals. Prices are given per basket, per crate, per box, or per bunch, with regional sourcing from New York, Florida, California, and the Carolinas.
Fall grain and cattle market notes show cattle prices per head for steers calves and spring lambs with receipts and supply conditions. Market activity referenced with lighter calf receipts and strong demand noted.
Treasury data shows revenue receipts this day 2 471 953 00 and ordinary disbursements 2 146 000 00. Fiscal year totals for receipts and disbursements are listed, along with general fund assets and liabilities. Various coin, note, and bullion holdings are itemized, including gold coins 22 449 321 10 and U S notes 7 312 608 00.
Daniel S. Lehan and Burns were fined 100 each in county court over alleged city and state law violations tied to the Leo M Frank case. Judge Hut dismissed contempt findings after they purged themselves by returning a witness and pledging no contempt. An appeal for a new trial on Frank’s death sentence is expected, with questions about the outside detective acts and city ordinances.
Commencement in Bristol on May 26 featured Ws W Hamilton of Lynchburg delivering the literary address. Dramas were presented by the 31 girls, representing eight states, marking the close of the event tonight.
Minutes show a unanimous vote granting the President authority to spend any amount needed for June through August advertising. The note contrasts with Washington banks described as expanding by year round advertising.
Ex rebels marching on V and provoking intervention are alleged to move toward the Texas border. Reports claim telegrams warned of reds or former Orozco rebels now serving as federal volunteers planning raids on American troops. Musquiz cites groups headed for Qunaga opposite Presidio and for Duarto Cienegas south of Eagle Pass. estimated troop strength about 790.
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