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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 29, 1911
Page
2
Trading dominated by professional operators with irregular shifts in stock prices. Overnight reports mention weak late activity, broad selling pressure early and a late upturn in some issues. Steel and copper sectors show contrast as investors react to market tensions and expected policy moves.
New York led a late rally as New York Chicago Milwaukee and St Paul stocks rebounded on buoyant late trading. Reading earnings for October showed coal and railroad gains, with overall surplus rising $3,000. Foreign markets remained firm but cautious after Sir Edward Grey's speech, while Metropolitan Street Railway plans included a 29.6 per share assessment on Metro politan stock.
A fragmented market summary notes New York soy gains and copper figures, with references to London prices and futures. An itemized line hints at regional production and exports, while industrial notes mention electrolytic copper and foundry activity amid unsettled local conditions.
The Washington Stock Exchange saw little business as buying orders were scarce and incentives for new commitments waned. Washington Gas fell further after the resignation of its president, with opening bids and subsequent trades showing a small net loss. Other notes included modest activity in National Bank and Trust shares, and recoveries in some bond prices. The export trade reported record October totals, while local bankers attended the American Bankers Association meeting in New Orleans, with several officers elected to roles.
A long Washington D C article notes President George T Bishop of the Washington Baltimore and Annapolis Fledgle Railway Company reports the system in excellent condition and expanding rapidly. It cites a surplus early in reorganization, predicts a full twelve months of strong earnings, and mentions plans to buy 2500 freight cars for a Cumberland to Connellsville extension. It also covers store closures on Thanksgiving, a Belle Free Bottle Company shutdown for repairs, and various local business notes.
Baltimore markets show varied prices for poultry and dairy products including turkeys chickens and ducks with ranges for dressed poultry and eggs. Quotations note regional items from Maryland Pennsylvania and nearby states with several weights and qualities listed for wholesale trade.
Abnet Fer gusop, a prominent Confederate veteran and former postmaster, was killed tonight at the railroad station in Winchester Virginia by a fall into an elevator shaft. He was 70 years old.
New York market notes mixed commodity prices for butter dairy eggs poultry and meat with steady to lower tones in pork beef lard and cottonseed oil prices. Wheat corn and barley show weak to steady trends amid global market influences with receipts and exports affecting levels. Prices for potatoes cabbage and other vegetables indicate steadiness with occasional easing in step with season.
Chicago November grain report shows May wheat trading below one dollar per bushel for the first time in weeks amid bears and weak closes. Oats and corn decline, with hog futures down as traders weigh European crop prospects and U S winter wheat outlook. Market activity reflects large long liquidation and uncertain threshing results from Argentina and Europe.
Wall street notes show New York cotton trades opened steady up four points and closed with a sharp advance of about 165 points as traders covered short positions. The day cited a 198 member exchange tally with bids for commercial crop ranging around 15.388 million bales, a Liverpool estimate near 14.6 million, and Memphis interest pricing the summer harvest at about 15.8 million. Weather in the South was reported unsettled, dampening spot demand while futures closed middling uplands at 9.30.
Ruth King Story, 3, claimed kidnapped from her mother Helen Story by Allen Lawrence Story and his brother. Helen Story, granddaughter of Judge Henry Hilton, sought writ of habeas corpus in Supreme Court Justice Seabury’s presence, alleging forced custody and a groundless divorce action.
In line with AFL action the Atlanta building trades department resumes the United Brotherhood of Carpenters and Joiners after a year suspension. The department also supports amalgamating the steamfitters and plumbers unions and considers the boilermakers union bid for membership. Secretary Morison notes 2000 boilermakers and aggressive Southern organizing to boost federation membership toward two million by Rochester convention.
Wholesale quotations detail a broad range of produce and eggs with varied prices and availability. Items listed include apples, pears, grapes, cranberries, and citrus alongside root vegetables, greens, poultry, and nuts. The note reflects market firmness in turkey, butter, and eggs, with regional mentions of Virginia, West Virginia, Ohio, Florida, and Tennessee.
The bulletin notes varied mood in money markets with rates quoted around 3 to 6 percent for different terms. Sterling exchange is described weak while domestic bills show modest activity and several international vessels arrive or depart from New York bound for Liverpool Rotterdam Copenhagen and other ports.
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