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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 21, 1914
Page
4
A distressed OCR reads like a grain market snapshot from Chicago with mention of expanded offerings and heat markers. Prices appear erratic and garbled, but references to wheat corn and pork scores hint at a volatile trading day.
Clean draft of cotton market receipts and prices across categories. Notable figures include Toyah and New York listings with varied bale counts and grades. The report lists receipts for steers heifers calves and sheep including lambs yearlings and culls with prices and trading notes.
New York October 20 interest in financial affairs centers on Washington talks between British finance officials and U S Treasury representatives with several major banks involved. Outcomes are seen shaping foreign exchange and the potential reopening of the London and New York stock exchanges. Hitch in Cotton pool formation faces Federal Reserve board hesitation over full project responsibility.
United States Treasury percents recap shows net balance in general fund and reserve assets. Financial summary lists cash, bank notes, and silver certificates. notes on redemption conditions and holdings. Vanderbilt remains on the Chesapeake and Ohio Railway board with directors re elected. Frank Vanderlip resigns from the New York board.
Prices for dairy meats and grains listed across New York markets with receipts of creamery products, fresh cheeses and eggs. Included are flax beans flour rye and buckwheat with steady and changing quotes, noting autumn and winter varieties and adjacent regional offerings.
A list of wholesale prices for poultry butter eggs vegetables and fruits with regional origin notes. Includes notes on market dullness and lower prices overall versus prior years along with currency exchange and financial balances.
The New York World reports a rapid financial shift as a $48 million deficit is nearly wiped out in six days. Banks show strong reserves, call money around 6 percent, and talks of retiring emergency currency advance to 4.5 percent next month. Cotton pool planned at $150 million drives federal and bank coordination amid looming rate changes. Midling cotton steady around 2.4 cents with regional variations.
Chicago stockyards meat packers toil around the clock in canned meat and hide departments due to wartime demand. Three thousand extra workers joined in a week, with domestic beef supplies dwindling and shipments from Canada Mexico and the South increasing. Packers report all hides contracted and expect November December orders to exhaust normal supply. Last week Chicago sold about 11500 hides, far above prior weekly averages.
The New York Press notes American producers greatly expand business due to the war. Ferdinand Strauss reports a 25 percent rise for Strauss Manufacturing. McKesson & Robbinine Drug Company runs 2.5 times July’s volume last August. E T Horeman doubles doll output, Swindell Bros. gain orders as imports halt and firms shift to domestic production.
The New York Cotton Exchange adopted bylaw amendments by near unanimous vote. Clearing house reports were submitted with no immediate action required, while the market follows plans for old plant tract acquisitions by a corporation. Weather is generally favorable, western markets ease slightly, spot dealers report price resistance, and mills buy only for immediate needs. Some damaged cotton complaints rise as farmers hold cotton without weather protection. New Orleans spot remains quiet.
Philadelphia market update listing butter and eggs firm and wheat lower for No 2 fed spot export with lag to Nov 1 northern Duluth. Cohn higher for Wo. 2 yellow local Aug 53. Oats higher for Wa. 2 white 24 to 53. Poultry alive weak dressed steady.
Fragmentary market note from Washington lists hogs with a price entry and assorted cattle terms. The readable parts reference hog prices, calf notes, and general market jargon without a clear transaction or totals.
Birmingham cotton mills report large orders from Europe for cotton ducking with mills running full and buying cotton for foreign trade. Twelve thousand tons of coal were exported from the district this week. Large orders booked at gulf ports with destinations kept secret, believed to be Germany. England buys mules and horses from the South. one Birmingham firm sold 18 horses this week with more inquiries.
Bankers say exports to England France Germany and others dependent on them are rising so fast a 5 billion dollar export total for the year is possible. Reports from Chicago show record wheat and provisions shipments as New York port exports rise to 3.79 million dollars, with a strong year over year increase despite cotton declines.
From New York the article discusses limits of the Federal Reserve Board in directing a $150 million gold fund for cotton producers. It notes bankers favor underwriting by Federal Reserve system banks and the need for a central bank to stabilize finance, with ongoing underwriting efforts totaling $25 million so far and plans for a broader $150 million fund to aid Southern cotton growers and overall U S business.
Missouri and Kansas profit from the war as farmers hold grain for better prices. Kansas Topeka leads in high bids while farmers delay sales, banking on European war continuation. Foreign agents buy horses nationwide, with British buyers purchasing thousands as Sir Charles Gunning coordinates mule orders.
A treasury official from Great Britain consults US financial authorities on establishing an international clearing house to stabilize quotations as part of ongoing moves affecting the cotton movement and large-scale financial movements. Holland.
An assessor lists the many businesses needing licenses for the year starting November 1 including confectioners, livery stables, billiard halls, boarding houses, slot machine proprietors, gas and liquor dealers, florists, undertakers, real estate agents, and peddlers. Public conveyances are licensed in July and procure merchants in April.
Thomas J. Barks of the Trougn Gur Glazing Company, London, travels to the United States to arrange production of a special trough bar section for roofing. Belgium’s Liege mills previously supplied 40 to 50 tons annually but war disruptions cut that source. He urges U S mills to meet English needs and produce iron and steel forms used in their trade.
Bridgeport firm operates 24 hours daily to meet postwar demand as imports from Germany dwindle. Ives Manufacturing Corporation, led by treasurer H C Ives, attributes success to war disruption and a push to capture new toy business.
Milwaukee business leaders plan a new company to manage all South American trade for local manufacturers. The firm would open four permanent offices in Buenos Aires and other South American cities, operate with minimal traveler expense, and take a percentage of goods sold under multi year contracts.
A October 20 report from Scranton details a Hillsdale area crash near Hollidaysburg that killed Dr W P Brallier of Alexandria and four others injured two more. The group had attended a Democratic rally in Altoona where A Mitchell Palmer spoke before traveling to Alexandria.
The New York Herald reports Russian antipathy to Germany has brought agents like W. E. Welbourne to seek American substitutes for German imports. Welbourne notes Russia’s interest in hides and skins and urges U.S. manufacturers to build ties, especially in fur production. The article also mentions the Alaska coal land leasing bill signed by the President to open Alaska coal fields, amid Canadian output restrictions during the war.
The excise board heard 6 of 114 wholesale license renewal applications as 46 cases remain of 52 total applications for the year. Protests from the Antisaloon League were filed by its attorney. Shoemaker appealed against licensing wholesale establishments in residential areas citing no limit on number, with location restrictions noted near navy yard, war college, churches, schools, and universities.
The Virginia Medical Society begins its annual convention in this city on October 4. Doctors who belong to the Chamber of Commerce have been asked to supply cars on October 2 to transport delegates to Fort Myer to view the cavalry unit. Dr. J. L. Davidson leads the expedition.
Legal notices describe condemnations for sewer and highway projects in Columbia District, listing land parcels and alley extensions. The Supreme Court proceedings order notices to named owners and warn all interested parties to appear by October or November, with marshal service for service of papers and final ratification steps.
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