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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 27, 1916
Page
2
New York May 26 The market shows pronounced dullness with dealings down over 60 percent from earlier sessions. British income taxes stir short selling while Chairman Gary’s steel institute address adds little light, though it steadies steel shares. Canadian gold imports ease foreign rate moves as Canadas 6a hits a new high. totals reach 3.7 million in par value.
Boston and New York stock listings show closing prices for mining and railroad stocks including Adventure Alaska Gold Allourse Mining Boston Maine Copper Range Con Granby Mining Hancock Con Mining Lake Mining Mohawk Mining Nevada Con Mining Old Colony Shannon Mining Shattuck Arizona Mining United Fruit Utah Consolidated U S bonds and related securities. Prices vary with small percentage figures and bid quotes noted for several issues.
J P Morgan & Co deposited 2 250 000 in Ottawa gold at the essay office, bringing their two week total to 18 700 000. Alabama Great Southern Railroad directors declared a 1 percent extra dividend on preferred, 3 percent on common, plus regular 3 percent dividends. Imperial Germany’s weekly bank report showed shifts in reserves and deposits. A Perth Amboy tin refinery opens, refining Bolivian tin via electrolysis, promising purer product than English tin. Major economic notes include war loan cash payments, loan bank borrowings, and industry growth.
The report minimizes war orders and reflects a new publicity push. It signals a revival of domestic industry and suggests the steel concern focuses beyond wartime demand, shaping public perception and policy implications for its business strategy.
Washington market edges up on light demand for railroads and utilities as Westinghouse directors report strong regular business and full capacity at Mast Fitzaburkh. The firm notes $48 million in new orders and $22 million in unfilled orders, underscoring a shift from war orders to civilian production amid improving industrial activity.
Local stock exchange report lists bonds and stocks with bids and asks. Washington Railway and Electric preferred and common items appear. Riggs Realty, American Graphophone, Capital Traction, Anacostia and Potomac lines, Metropolitan, and Washington Gas figures show varied prices. Multiple financial instruments include utilities, mining, banking, and insurance stocks with percent values and par figures.
Treasury records reveal a net general fund balance of 129 million with total receipts around 2.45 million and payments of 1.83 million. The fiscal year deficit stands at 690.8 million, with assets totaling 220.27 million and liabilities 91.09 million, including gold and silver holdings and currency in circulation.
New York reports mercantile paper at 2 percent and various money market figures. Sterling 60 day bills at 4.72 percent with demand 4.75 and cables 4.76. Currencies include francs 5.93, marks 76 percent, kronen 13, guilders 41.4. Time loans steady at 2 percent for 60 and 90 days. call money at 2 percent. closing bid 2. offered at 2.
Market report from New York and Philadelphia on May 26 shows steady butter with varying creamery scores, irregular egg receipts and price ranges, unsettled cheese and pork, firm live poultry and beef quiet. Flour and sugar hold with refined sugar unchanged. city bank balance summaries record credit balances, runs, and shipments.
The New York cotton market showed subdued activity with irregular fluctuations. Early declines pushed July to 12.71 before rebounds lifted it to 12.85, closing at 12.76. The general list eased one point on June and other months barely changed.
Philadelphia markets report butter firm between 30 46 and 21 2 percent for Western creamery extra and nearby prints. Eggs steady. Cheese steady. Wheat higher with No 2 red spot and May around 1.09 to 1.11, No 2 butterheed 1.07 to 1.69. Corn firm. Oats steady.
A listing of market prices for poultry dairy and produce. Hens turkeys spring chickens and eggs are shown with per pound and per basket or crate quotes. Additional items include potatoes onions peppers cucumbers lettuce mushrooms and fruits with varied price ranges by region and grade.
New York May 26 hogs 2,368 receipts firm with steers 0 to 16.50 bulls 6.00 to 8.75 cows 3.75 to 8.00 calves 9.50 to 12.75 veals 9.00 to 12.75. sheep and lambs receipts 6 330 weak with lambs 12.00 to 18.00 and yearlings 8.00 to 9.50. Chicago reports 21,000 hogs and 2,006 cattle receipts with mixed price ranges and weak tone across native beef cattle stockers feeders cows heifers calves. Sheep receipts 13,800 weak with wethers 7.30 to 9.30 ewes 5.56 to 9.18 lambs 8.40 to 12.36.
Chicago May 26 Wheat futures closed steady to higher as Western Kansas crop damage expectations supported gains. July at 1.11 percent and September at 1.12 percent, with corn and oats posting mixed moves. Cash grain quotes list No 2 red wheat around 1.12, corn No 2 yellow about 70, oats No 3 white near 40. Rye and barley also shown with varied bids. New York spot wheat firmer with No 2 hard around 1.22 and futures May at 1.17.
The Metal Market report from New York on May 26 notes quiet trading in electrolytic copper with August futures at 28.00 to 29.25. Tin remains steady, with quotes around 47.00 to 48.00. London prices show spot copper at £121 and futures at £120, electrolytic copper at £148, and tin at £193 for both spot and futures.
Baltimore markets report firm wheat prices with Nos 2 red at 1.09 and 1.13 for spot and May, corn at 75 cents, oats steady with standard white 47 44, eggs quoted in Maryland Pennsylvania and nearby flats at 21 22, poultry prices for alive chickens ducks and muscovy listed.
District commissioners ordered the building inspector to obtain owner and contractor names when a building permit is filed. Previously permits were issued to owners without checking contractor licensing. The move follows a complaint by James L. Parsons, builder and contractor, dated April 2, urging that each permit show the builder's license. The matter, referred to the corporation counsel, yielded an opinion that old names must be collected, a view the commissioners sustained.
Prices for prime crude oil shown for May through December with varied futures values. Mentions prime summer yellow spot and prime winter yellow and summer white at 11.00.
The Eldorado Club a group of young business men including Business High School graduates held its first annual dinner at the Tea Cup Inn on Twelfth Street Northwest Leon F Cooper welcomed guests Carl M Noetsel served as toastmaster Speakers Rev E Glessner George B Kennedy Francis H Vanderwerker Frank P Harbin and Walter D Feely spoke Aloha Hawaiian quartet George Gilman F Berryman Barry Gilman C Williams provided music The dinner committee included Feely Nostrel Albert W Tucker Stewart L Wirgman and Frank P Harbin
London May 26 Reginald McKenna chancellor of the exchequer will move in the house of commons to impose an additional income tax of two shillings per pound on income from securities the treasury will buy. The aim is to compel owners to sell American securities to the government.
Military officers across the Army and Navy are assigned or reassigned to various regiments and postings on June 20 and July 1. The list includes resignations, leaves, medical reserve reassignments, gunnery duties, and transfers among the Thirteenth Cavalry, Third Field Artillery, Coast Artillery, Marine Barracks, and Naval stations with multiple ships sailing routes and naval yard movements noted.
Broker Thomas L. Hume lists numerous securities with bid and offer terms including 5% at par 40 Washington Gas 76% ex div and 80% bids on utilities, Oklahoma Oil multiple lots, and various preferreds with exclusive of commissions. Deliveries for cash at the broker’s bank with conditions of previous acceptance or cancellation.
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