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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 25, 1914
Page
3
The report notes a $60,000,000 export surge with the French government alone placing orders unmatched in the nation’s commercial history. Russia and England are also active buyers in the market for foodstuffs and army equipment.
Experts from the New York port report five day export growth of about 3 percent over the prior week with 14 375 738 in value and 14 905 425 a year ago The French government orders and commissions drive a boom in export trade for blankets tents uniforms arms and other army equipment as nations like Russia Britain and others place large orders American mills face exchange hurdles while copper shipments and fuel inquiries rise Newfoundland seeks salt beef pork machinery and various goods as the Southern Railway orders 4 400 000 tons of rails from Pennsylvania Steel Company
New York October 4 S H Pell head of the suspended cotton brokerage firm of S S H Pell & Co testified in bankruptcy today stating the firm’s total debts reached 9 568 301 with assets 425 906 He attributed the bulk of the indebtedness to cotton exchange transactions amounting to 3 500 000 with the remainder owed to stock exchange and commercial creditors He said the sole cause of the firm's failure was the war which caused turmoil in the cotton market.
A long catalog of prominent milling investors and industrialists including Rockefeller Carnegie Baker Morgan Astor and others appears in a New York listing. The document names dozens of financiers and executives from Indiana to Wisconsin and notes regional ties to states like Maryland Montana North Carolina Wisconsin and more.
Treasury reports on incomes of 1,000 dollars or more prompt bankers and lawyers in Manhattan to guess which individuals qualify. The discourse lists Rockefeller and Carnegie among likely payers, with estimates of annual incomes ranging from millions to over one hundred million, and notes 967,493 total taxpayers under the law.
Advert describes Cascarets as a remedy for sour stomach colds headaches biliousness and upset bowels. Claims include regulating stomach removing fermenting food and bile from liver and bowels and delivering relief by morning with a 10 cent box. Encourages use for adults and children.
Faith leaders report war cripples missions in Europe and Asia reducing financial aid and manpower. Bibles face shortages as English and Scottish printers cut output, with bindery closures threatening U.S. supply though demand remains steady in Washington.
Washington Post report cites Denver and New Orleans dispatches about Allied horse procurement for cavalry in World War I. Wyoming and Colorado buyers prepare to assemble up to 100000 horses. 685 selected for the Lancastrian bound for La Pallice are loaded with hay oats bran and bedding for the voyage. another 1000 horses being gathered for the Remoplanat from the Clyde to France.
Negotiations at the Treasury with Sir George Paish and Bam B Blackett and Federal Reserve officials after a long discussion adjourned to Friday. No formal action was taken as bankers return to New York. Paish signified probable willingness of English creditors to accept American short term commercial paper indorsed by Federal reserve banks.
Chicago Dispatch to Philadelphia Public Ledger reports a Chicago businessman who had been pessimistic now believes prosperity is ahead. He cites reduced European money flows from tourism, strong exports, easing money markets, rising public courage, and the forthcoming Federal reserve banking system as factors boosting confidence in the economy.
After an 8000 mile tour of Eastern and Canadian agencies General Manager Powell of the California Fruit Growers Exchange reports high buying in staple articles yet notes the South as an exception. He links bad conditions there to future prosperity predicting diversification into alfalfa cattle and manufacturing as a postwar trend.
A New York banker with broad foreign ties says last week he received orders to purchase or pay for at least 915,000,008 in war goods for European nations. He notes daily totals around 41,000,000 and lists clothing shoes machinery and foodstuffs. He cites 190,000,000 in orders via receivers and says other national banks are similarly active, with wheat payments for Switzerland through the Nationality Bank.
Scranton reports a local woolen mill will run double shift starting Monday to fulfill a British army order for 260000 woolen underwear suits. The order is about half a million dollars, a mill official said today.
Marshall Field & Co reports that continued warm weather boosts retail dry goods sales and supports wholesale orders. Clearing weather and lower temperatures at week’s end stimulated trade, with Monday and Tuesday seeing larger wholesale orders and more merchants in the market than a year ago.
Nearly 300 British army agents have centered the United States via Windsor and Detroit in two months, mainly to purchase supplies. They entered by way of Montreal rather than sailing to American ports.
Washington Past New York Oct 24 report outlines a charity horse show at Madison Square Garden for the White and Red Cross. Officers include Elshy Rootwice and Katherine S Davis with August Belmont treasurer. Jason Waters and Harry Fitz will manage with American Horse Show Association. A $25,000 prize list awaits entries from America’s top stock. tickets to be sold to fill boxes before opening. Proceeds aid women, children, and soldiers affected by European calamities.
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