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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 06, 1914
Page
2
Reported reopening at Liverpool Cotton Exchange in London tomorrow spurs optimism in New York financial circles. Paris rates rise while London and Montreal currency activity supports weaker exchange conditions. British and German banks show large increases in reserves amid emergency measures and currency shifts.
The article analyzes election results showing broad-based pushback against government and railroad regulation. It highlights investor optimism, corporate ambitions to shape policy, and a plan for a nation-wide business association to push for fair play. It notes workers aligning with employers and calls for constructive, transparent engagement with voters.
Lively selling trimmed Cartther prices from a high for the period, wheat facing downward pressure as futures closed lower. Corn and oats mixed with scattered price moves, cover reports show no clear trend. barley and rye steady to firm with noted activity in fats and dairy sectors.
Local spot brokers reported no increase in southern staple offerings and prices remained steady. Delivering contracts were quoted around 7.55 to 7.58 on the local curb. New Orleans spot markets stayed quiet with sales totaling 1,340 bales.
Wholesale prices for poultry and fresh vegetables across Virginia and nearby regions. Notable items include spring chickens at 14 13, potatoes at 1.75 per bag, peppers at 40 per crate, tomatoes at 1.23 per basket, cabbages at 1.10, celery 1.36 per dot, oranges 3.50 to 4.00 per box, Florida grapefruit 2.50, lemons 2.75 to 4.00 per box, apples 1.00 per barrel, Bartlett pears 2.00 per basket, and grapes 1.19 per basket.
Philadelphia markets report steady prices across staples with butter eggs cheese wheat corn and oats holding firm. Poultry and dressed meats also show steady values while tallow remains steady amid quiet trading in November.
Hog receipts totaled about 18 000 with mixed lots rising. Early top hog prices near 7 6 cents per pound. Cattle receipts around 5 008 with steady demand, cows and feeders offered and calves around 7.30 to 10.76. Sheep and lambs noted at 6 0 to 6 75 per hundredweight amid higher tone.
New York Nov 1 The essay argues a unified central bank under the Federal Reserve would simplify wartime finance avoid reliance on artificial funding and keep subtreasuries essential. It notes Civil War and later crises showing subtreasury value and cautions against shifting duties to regional Federal Reserve banks.
Washington voices a view that the subtreamries, supplementing Federal reserve banks, are not the most economical method. A few years’ experience may prove that a united bank approach is more simple and satisfactory, aligning with a cooperative system under the aubtreasuries and Federal reserve board.
The Federal Reserve Board debated the discount rate for commercial paper yesterday and anticipated broad general terms. Banks will start discounting with rates differing by region, with no decision until about banks open in two weeks. Meanwhile a Washington Real Estate Brokers luncheon was set for Thursday at 12:30 at the Hirbitt to honor President Shafrogs of the National Association of Real Estate Exchanges, with John L. Weaver reporting on Akron meetings.
United States Treasury presents revenue receipts for the day and month, with totals for the current fiscal year and last year. It itemizes ordinary disbursements, general fund assets and liabilities, gold and silver holdings, notes, and net balances across the general fund and Treasury assets. The figures show a substantial cash position and extensive securities across multiple forms.
District of Columbia commissioners file petitions in the Supreme Court of the District for condemning land to widen Meigs Place from Sixteenth Street to Bladensburg Road northeast between squares 4077 and 4078. A jury of five must assess damages and benefits. notices ordered to publish in Washington Law Reporter and two-week runs in Washington Evening Star and other papers. copies served on owners by U S marshal before specified November dates in 1916 and 1914 respectively.
The Bank of England weekly statement records increases in total reserve 7 164 000. circulation up 417 000. bullion up 7 048 378. other securities up 436 000. other deposits up 13 050 000. Public deposits fall 8 543 000. notes reserve up 7 100 000. government securities down 42 223 000. Reserve ratio at 29.82 percent vs 29.79 prior week. rate of credit 5 percent.
Berlin on Tandon reports the Imperial Bank of Germany weekly to October ends with emergency notes rising by 115.47 million marks while discounts and Lombards fall. bank note circulation up 202.84 million marks, deposits down 249.57 million marks, and gold up 0.22 million marks amid overall liquidity changes.
New York Mercantile paper rates and sterling exchange figures appear alongside a DC Supreme Court docket listing a capital condemnation proceeding for square 222 and a separate alley opening case for square 2982 with notices to landowners to appear by November 7 and November 20. Also noted is a probate notice for Willem Ratewin. executors urge claims by October 2.
Notice by the District of Columbia Court announces filing of a petition to condemn land for opening and extending an alley in square 09 in the District of Columbia. A jury of five disinterested men will assess damages and benefits, with publication in Washington law reports and local papers. Court orders service of notices to landowners and damages proceedings set for November 9.
FY Norment was elected president of the Home Mutual Building and Loan Association at the annual meeting Wednesday night. Other officers elected were Daniel Fraser as vice president and O S Smith as secretary and treasurer. Directors elected included WW Bowie John Alden E R Evans log Rarnshaw Lawrence Hufts Maurice Flynn BE Williams F Gude George Ta Th Toutfes Arthur J May WW Nairn and Alfred Walford. Sail for Panama also noted as members of the House appropriations committee will sail for Colon tomorrow to investigate Canal Zone conditions before next year’s appropriations. Mr Fitzgerald discussed his trip with the President yesterday.
Equity suit seeks execution of Jant will trust of Caroline Sophia Shamwell deceased regarding lands in Washington County DC parcels 87 164 and T 185. Judge Ashley Gould orders defendants Clarence A Brandenburg George Butler and unknown heirs to appear within three months after publication to answer. order to be published monthly for three months in Washington Law Reporter and Washington Post. Clerk Healy Young.
Sealed bids from 1914 Washington and DC departments solicit proposals for plumbing tile and terra firma work and office furniture for commerce attachés and foreign offices. Invitations noteUniform specifications available from purchasing officers. Proposals due mid November 1914 and opening follows.
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