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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 13, 1918
Page
3
In a busy trading day in New York the market sees both gains and declines across many shares. Steel stocks weaken while demand factors, central bank expectations, and continued buying pressure influence prices, with investors watching for signals on prices, volumes, and future policy.
A sparse OCR line presents numeric values such as 196.130 00 a 1 and 501.7, lacking context or clear subjects. The fragment appears as isolated figures, not enough to determine event, place, person, or organization.
New York money markets show 0 day bills at 4.7844 and 4.727 for other bills with 60 day bank bills at 4.7314. Demand rates around 4.78 with cables at 5.40 percent. Rubles and Mexican dollars noted. time loans bid at 6 percent. Grain prices list spot rates for wheat No 2 red at 2 3 4 with corn No 2 yellow at 15 1/2 and oats steady.
Foreign bonds reached new high records as rails led gains on the New York market. Liberty bonds held firm while commercial paper stayed active and bankers weighed postwar financing. Analysts predicted continued firming, with shifts toward a readjusted economy and potential tax changes ahead.
On November 12 the cotton market opened firm then sank to near day’s low amid armistice optimism. Prices swung with a 200 point daily limit, January dropping from 29.26 to 27.35 as rumors of foreign orders waned. December futures traded around 26.00 to 27.25 while spot and other commodities show mixed movement across ports and interior markets.
Philadelphia market notes show higher prices in eggs and creamery items with nearby prints quoted at 20.40 to 21.00 per crate for eggs and Western extra packer 13.75 per dozen. Milk prices range around 1.55 to 1.70 with varied grades. Poultry prices decline for fowls and turkeys, while Eastern fowls and pressed poultry list offerings, including fresh killed, roasting, and spring ducks from Long Island and Pennsylvania.
Bankers in Washington express relief and optimism as the war ends and armistice terms ease the burden of war finance. They foresee reduced need for clerks, less government hiring, and potential reprieve for trained staff. A lecture on drafts and acceptances preceded a bankers’ gathering, while market ads list poultry, dairy, and grain prices.
Chicago market closed firm with higher tendencies for cattle veal and stockers while hogs and sheep saw limited action. Receipts at Chicago 12 000 cattle 500 calves 1 540. New York reports light activity with steady calf prices and mixed sheep lamb values.
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