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This newspaper page contains 20 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Oct 24, 1913

Page

10

Decline Triggers Mixed Market Fightback Amid Freight Car Shortage

New York stocks opened sharply lower but recovered, led by bear pressure on steel with a 2 point drop while American shares slid in London selling. News of a first freight car shortage of the season and several bond issues floated signaled improving investment conditions despite a bear market mood.

I Steel Lst London

Wall Street Financing Surge Amid Railroad Bond Sales

New York reports a wave of financing with $16 million in Chicago and Northwestern bonds for a Peoria coal line, $2 million from Louisville and Nashville, and a $5.6 million Erie equipment note petition. Lehigh Valley and Union Pacific tout heavy business, while New Haven and Hartford discuss Melden salary issues. Market notes show mixed trading, Seaboard Air Line resumes dividends, and counterfeit alerts accompany local real estate and banking institute events.

New York Chicago and Northwestern Peoria Northwestern Loutaville Nashville Erie Public Service Commission Alls-Chalmers Basy Ameren Agricultural Amercan Amerccan Tobacco Armour Atchison Central Leather Chesapeake and Chesapeake Oho Chicago and Alton Chicago Quincy Rae Delaware and Tudson Cy Denver and Rio Grande Distillers Bala Erie Bsey Ilinois Central Interborough Inter Merc Manne Japan Kansas Lake Shore Lomsville Nash Missouri Kan Towns Texas Missouri Pacific Mexico New York Central Hartford Norfolk and Western Ist Pacific Hort Hem Acufic Oreson & Hort Lins Ridg Pena St Louis San France St. Louis San Fran St Louis Southwestern Con Sea Air Line Southern Pacific Southern Railway Union Pacifier Imat Ar Chemical Wisconsininghouse Electie Cleath JHL Amal Copper Lehigh Valley Lou. & Nashville Amer Mackay Cos American St. P M. M Tex Car & Foun Cotton Oil National Biscuit Ie Eng York Central Amer. Smell, & Refin N. WH N. x. Ont West Norfolk & Western Amer. Tel. & Tel. Vre North American American Tobacco Northern Pacific Pacific Mail Atchison i Anaconda ® Mining Co Desole Pennsylvania People’s Gas Atlantic Coast Line Pitts Baltimore & Ohio Pittsburgh Coal Bethlehem Steel Brook Rapid Transit Nyan Repub. Iron & Stee Chesapeake & Onis Repub. I & 8S Rock Island Co Chita Great Western Chil Mil & St. PB St. L Chi & Northwestern Seaboard Air Line Colo. Fuel & Snon Seaboard A. L Consolidated Gas Bee Sloss-Shef. S. & TI Delaware & Hudson Den Southern Rapid Ewnalass R. G. Ptd Tennessee Copper Texas & Pacific Union. Pacific Ace Pacific St Erie General Electric Aig Great North Ode U. Steel Og G. North Steel P Utah Interborough-Met Wa. Caro. Chemical International Paper Western Maryland International Pump Calle Western Union City Southern Westinghouse Hicc Laclede Gas Sever Wheel Lake Erie W. B. Hibbs & Co New York Stock Exchange Hibbs

Steel Output Holds Steady Amid Slight Early 20th Century Recession

Chicago reports a slight steel market recession with no planned mass layoffs. R. H. Gary, chairman of United States Steel Corporation, said mills are running at full force and expected to stay active through winter, with a spring recovery anticipated and no current shutdowns planned.

Chicago Gary Ind United States Steel Corporation H. Gary The Steel Corporation

New York Cotton Market Faces Nervous Undertone

New York cotton for the winter month deliveries touched high season records yet opened steady up ten points before easing on heavy realizing. Rumors that the National Ginners Association estimated the crop at 13 760 000 bales boosted sentiment before closing steady, near months mixed with thin offerings and scattered pressure.

New York Liverpool National Ginners’ Association

Baltimore Markets Grain Eggs Butter and City Credit Figures

Baltimore markets report wheat prices for No 2 red and white types with modest gains and losses across other grains. Poultry eggs butter and dairy products are listed with varied prices by region and grade. City credit balances and shipments are noted, and Gary dismisses Washington rumors of a steel industry shutdown tied to Sherman act suits as unfounded.

Baltimore Turkey Maryland Pennsylvania West Virginia Ohio Virginia Queres Gary Washington Steel Corporation

United States Treasury Market Notes on Livestock Prices

Spring lamb prices quoted at 167 percent for hogs per thousand head and a 4 4 percent bath. Veal calves listed as choice per unit. Includes RFS ta sheep and Bath reference with veal and lamb price indicators.

Local Stock Exchange Report Sales at Noon

Regular call at noon shows Georgetown Gaada with 4000 at 105. Columbia R R Gs 1000 at 9946. Washington Gas 5 at 54 percent. Mergenthaler Linotype 5 at 216 percent. Union Trust 10 at 14 and 10 at 13314 and 10 at 133 percent. United States Trust 10 at 132 and 10 at 192. After call Washington Ry and Elec 4s 500 at 8214 and 500 at Mergenthaler Linotype 10 at 164. United States Trust 10 at 131¼ and 10 at 1a.

Mergenthaler Union Trust United States Trust Lincoln National National Bank of Washington Lincoln Torgether Georgetown Columbia Railroad Washington M Railway Georgetown Gaada Columbia R. R. Gs Wash, Ry. & Wlec Washington Gas Mergenthaler Linotype Wash. Ry Elec

Holland tells how bankers are preparing for new currency law

In New York on October 23 a committee of expert bankers works on methods to readjust the U S banking system to a forthcoming Congress crafted currency law. They note few precedents from Civil War era transitions and expect a gradual shift, led by the New York Clearing House and other city associations, as banks weigh surrendering federal charters if warranted by the new framework.

Holland New York Congress United States Clearing House Association Clearing House Washington

New York Produce Market Report October 23 Prices

New York produce and grain prices move with irregular butter and unsettled cheese. Eggs firm with extensive case listings. pork and beef quiet. Cottonseed oil firming. petroleum refined prices quoted. coffee unsettled with No 7 and Santos No 4 bids. wheat spot firm with No 2 red at 6 nominal. December futures at 93 1/2 to 94. corn export bids steady at 78 1/2 to 79. oats barley quiet.

Chicago Cet Minneapolis Duuth Finn St. AN New York Galveston Charleston Wilmington Norfolk Ashe Philadelphia Texas City Behoe Pees Runswick Were Avansac Pass Jan Jackcouri He Wees Aijeee Ee Houston Augusta Little Rock Quirt Great Batavi France Continent Great Britain Japan Mexico Pennsylvania Belk É. Abbis Santos Northern Duluth Northwest Rusia

Coupons Tax Questions Prompt Treasury Guidance

Washington’s tax office reports heavy inquiry into the new income tax, with collector Willam H. Osborne cautioning that answers are provisional. Guidance states corporations must withhold tax on interest paid to bondholders despite coupon stipulations, and notes questions about retroactive taxation of coupons paid since last March and combined future returns.

Washington Willam H. Osborne

New York Money Market Note on Oct 23

New York money on call eased to 2% to 3 percent with the rong rate at 2 1/4. Time loans softened 60 days 4 1/4 percent 90 days 5 percent six months 4 1/2 percent. Sterling barely steady at 4.3115 for 60 days and 4.8540 for demand. Commercial paper at 4 4/5 to 6 percent. Bar silver at 60 1/2 percent Mexican dollars 46 1/2 percent. Government bonds strong. Railroad bonds weak.

New York Sterling Exchange Cacy

The Metal Market

New York copper prices show no quotes for spot or futures with ranges 1687 to 1725 for electrolytic copper and 16.00 to 1875 for casting. London copper remains steady with spot at £74 and futures around £73 6d.

New York London Cleveland

Higher rates for railroad in New England hearing

The Interstate Commerce Commission questioned Boston and Maine bolstering its finances as Howard Elliott of the New Haven and Hartford and Morria McDonald of Boston and Maine argued for rate increases. Charles A. Prouty indicated the full ICC would travel to Boston next month to confer with rail interests and shippers. Elliott warned the Boston and Maine faces 27 million dollars of obligations in six months, risking a receivership and loss of New Haven investment if reorganized.

Boston New England Interstate Commerce Commission Howard Elliott New York, New Haven Hartford Morria McDonald Boston and Maine Charles A. Prouty Maine New Hampshire Vermont Massachusetts Boston and Maine Railroad Full Road Messra.lliott McDonald Elliott New Haven

Chicago and New York Livestock Markets Report Oct 2

Chicago receipts 17 000 hogs 4500 cattle 31000 sheep with mixed and weak hog sales light bids. New York receipts 1100 hogs 120 cattle 5700 sheep steady with lambs higher. Bulls, steers, and calves shown varied price ranges across both markets amid steady to weak demand.

Chicago Texas New York Beeves

Wilson nominates Hughes for Kentucky revenue post

President Wilson yesterday nominated John W. Hughes for collector of internal revenue for the Kentucky district and Edgar B Merritt of this city for assistant commissioner of Indian affairs.

Wilson John W. Hughes Internal Revenue Highth Kentucky Edgar B Merritt

Explain the Panama Canal Globe and History by The Post

The Panama Canal story is presented in two works: World Globe and Uncle Sam's Panama Canal and World History. Joseph Bucklin Bishop, eight years canal secretary, narrates from conception to completion. The copy urges readers to obtain the globe and history for home office school or library with a coupon offer.

Panama Canal Uncle Sam The Post Joseph Bucklin Bishop Globe and History

Badges for War Veterans Issued by War Department

United States will supply service commemorative badges to veterans both volunteer and regular. The mint superintendent, with Adjutant General approval, will process applications and verify records for those who served before January 11, 196 and in Civil War, Spanish American, Philippine, Chinese, and Cuban campaigns.

United States Adjutant General Army War Department

Municipal fish wharf and bread sale laws eyed in Haskell report

The annual report of Col. William C G Haskell on weights measures and markets proposes watching bread sales, a foot of Eleventh street fish wharf project, higher huckster licenses, and broader bread sale regulation. Damages were awarded to Henry E B Brady for injuries in a February 1911 Benning Road collision, with Washington Railway and Electric Company found liable.

Eleventh Street William CG. Haskell Henry EB. Brady Geological Survey Washington Railway and Electric Company Justice Barnard Brady Benning Road R. J. Downey L. J. Mather J. D. Carmody W. G. Johnson

Richmond Invites Wilson to Ghent Centennial Plans

Senator Martin and Representative Flood with a Richmond delegation urged President Wilson to attend a December 3 and 4 preliminary meeting in Richmond to arrange next year’s celebration of the treaty of Ghent centennial.

Martin Representative Flood Virginia Richmond President Wilson Ghent

Price-Fixing Quiz Is Next Invole Economic Education

Lansing report on Commerce inquiry into retail price fixing by manufacturers. Secretary Redfield cites Supreme Court decision but urges study of economic questions for future legislation. remarks at Lansing Board of Commerce. Grand Rapids notes Redfield condemning wasted work direction and urging training. Steamer Wadsworth reaches Norfolk distressed after Oct 20 storm. crew reports gear damage. ship to be repaired.

Lansing Mich Department of Commerce Redfield Lansing Board of Commerc Supreme Court Grand Rapids Redfeld National Society For the Promotion Norfolk Tank Steam Harry Wadsworth New York Galveston Tex Wadsworth

Also Mentioned on This Page

Charman Eliott Bounds Minterboorough Rapid Transist Panama Union Pacific New York, New Haven and Hartford Railroad President Mellen Mellen Mr. Elliott Atchison, Topeka and Santa Fe Railroad Company E. P. Ripley Benjamin P. Cheney T. DeWitt Cuyler Philadelphis Augustus D. Juilliard Hocking Valley Railroad Company Ohio Utilities Commission Seaboard Aix Line Local Financial Flynn Secret Service Spurius Fourteenth Street Charlotte Daly George 5. Reese John W. Childress J. J. Lampton Company Banking Institute American Institution of Banking Charles R. Barnard A. N. Nevilla Riggs National Bank Great Falls Potomac F. B. Devereux National Savings and Trust Company W. A. Dexter Riggs National Bank H. W. Ireland Home Savings Bank Lawrence H. Ekiliman R. C. Drum Hunt Washington Loan and Trust Company Local Produce Market Delaware New York State California Florida Chicago Grain City Fla Toledo Lima Wooster Indiana Curb Market Baltimore Securities Adams Express Titan Angio- Amer Rere Braden T Giroux Greene-Cananea Goldfield Intercon Kerr Big Te Power United Rys Q. B.S N. Ow M & C Bs Penn Wat & P United Rys. & Elec. Inc United States Treasury Washington Cattle Market Treasury Offices Treasury Philippines Spore Allouez RY Amalgamated Copper Am’'n Zinc, Lead & Sm Arizona Commercial Bos. & Corb Cop. & Sil. Mg Calumet & Arizona Centennial Copper Rang Co East Butte Franklin Sere Granby Consolidated Greene Cananea Bas Lace Mohawk Nevada Consolidated IBY Nipissing Mines Naorth Butte North Lake Old Dominion Shannon Utah Consolidated Oy Utah Copper Co Local Stock Exchange Seereerneeens Ralapital Traction Coroa Ches Vic Power Norfolk and Wash Nese Riggs Realty Nation Capital Columbis Federal Metropolitas Orn Rehre SIP NEW York Stock Market NEW York Grain Osborne Prouty Mr. Wilson Globe and History the Post Col. Haskell D. C. Heads U. B. Treasury Munsey Trust Company Frank A. Munsey Washington Loan & Trust Co. Cor. Ltd F Sts John Joy Edson District of Columbia Swartzell, Rheem & Hensey Co Fifteenth Street N. W J. Thilman Hendrick Hendrick 15Th St Washington Stock Exchange Manhattan Site Insurance Co Newepapref
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