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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 25, 1913
Page
2
New York trading closed with a dull market the slowest since the blizzard of 1888. Total business about 67,400 shares as favorite issues wavered little, while metal stocks showed minor declines then recovered. Bonds eased, money market softer, and copper sales reported at 14 steps cents amid cautious optimism on undertone.
Treasury and market data list bonds and stocks with bids and asks, including New York Central, Norfolk & Western, Southern Pacific, and Washington utilities. It notes revenue receipts, ordinary disbursements, and total assets and liabilities, with figures around 2.8 to 2.9 billion for year to date and daily transactions on November 22, 1914.
New York market notes butter and cheese prices with receipts totals for creamery and state grades. Butter ranges from 24 to 35 cents per pound with varied firsts seconds and extras. cheese shows steady demand with receipts around 300 boxes and multiple grade listings.
The item lists sales quotes and receipts for Washington Gases and multiple ore and mining stock names. It records prices for eggs and various grades, 4800 cases of fresh gathered extras, and numerous undergrades. Mentions Pennsylania and Copper Range concerns with scattered figures and closing quotations.
Readable fragments show prices for poultry flour cornmeal hay and cottonseed among others. Entries list market quotes for fowl eggs rye flour cornmeat and vegetables with varied figures, reflecting a volatile commodities page.
New York traders report a notable lull in sales despite long term growth in Wall Street facilities for speculation. London activity shows a penny-pinching market as Capel Court bids collapse for Amalgamated Copper. In other notes, United Railways of Habana acquires Cuban Central railways with exchange of shares, and Canada and U S gold shipments push totals higher to 4.1 million and 1.9 million respectively.
Holland reports that the national arbitration board granted a 7 percent wage increase to about 109,800 trainmen and conductors on Eastern railroads, effective October 1, with total annual costs near 20 million dollars. Public sentiment largely supports the move, but concerns grow about passing costs to users and the broader impact on railroad securities and US prosperity.
In Philadelphia market notes dated November 4, prices for eggs cheese and wheat are listed with steady or firm tones. Notable items include Western creamery eggs at around 108 to 109 cents per dozen, New York full cream cheese and No 2 red export wheat values, and mixed corn and poultry quotations with steady demand for live fowls and dressed poultry. Freight and local delivery terms appear briefly in the bundled price table.
New York money markets show call money steady at 2 percent with a ruling rate of 2 percent. Sterling exchange quoted for 66 days at 48125 to 48530 and commercial bills around 4.40 percent. Government bonds hold firm while railroad bonds vary in price.
The article notes freight transport at 2 cents per ton mile as cheapest globally while an arbitration board urges modernization of railroads to cut accidents, yet railroads lack funds. It cites the New Haven Railroad borrowing at 6 12 percent to meet obligations, highlighting credit constraints amid low freight charges.
The week begins with little activity as most stocks show no notable movement. Washington Gas attracts steady demand pushing bids higher while Washington Railway and Electric remains largely inactive with minimal trades. Mer centhaler moves up slightly, and bond activity stays quiet with small sales in Potomac Electric and Capital Traction notes.
Wholesale prices for Virginia Pennsylvania Maryland and Delaware show good demand for fruits and vegetables. Poultry prices include alive spring chickens at 15 to 1 cent and hens at 48. Butter and eggs listed with regional variations. Many items with unit and price ranges, including potatoes onions peppers lettuce and citrus. Prices quoted in May data style with multiple misspellings and inconsistent tokens.
The Washington cattle market reports spring limb and calf prices per pound with figures for logs and veal, showing per pound rates for various meats. Highlights include steer and hog categories with quoted price ranges and market notation for quality grades.
New York grain markets show steady to firmer tones as futures drift with cables and Argentine weather, with spot Wheat No 2 red and old No 2 yellow easing near established levels. Oats and rye follow mixed patterns with standard and fancy white varieties firming modestly, while barley malting remains subdued across regions.
New York November market notes show unsettled copper and electrolytic processes with quotes for spot, January, and refined copper. Iron and steel products list prices for Northern and Southern categories, with ranges and duties noted amid shifting contracts and regional pricing signals.
Chicago grain reports wheat prices advance on a four percent drop in visible supply with No 2 red and No 1 hard values listed. Other grains mostly ease from Saturday night levels as corn and oats show small declines and soybean futures exhibit mixed moves. prices for wheat futures also track from December through May options with narrow ranges.
Conflicting crop estimates sparked irregular trading in New York cotton. Bulls supported gains after bullish forecasts, while early declines eased as reports from the South indicated closer completion of picking and ginning. December through March contracts closed modestly down or higher on the day.
Hog receipts reached about 35 000, with a weak bid range from 7 15 to 7 83 for mixed and 7 90 for heavy hogs. Cattle receipts around 16 000, with feeders and slaughter stock at 4 00 to 7 75, cows and heifers 4 25 to 6 20, and steers from 4 50 to 7 75. Sheep and lambs listing varying bids, native and western lots shown with mixed prices around 6 00 to 9 00 per hundredweight.
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