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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 04, 1913
Page
11
Market sentiment stayed bearish with the session opening under pressure and only a late rally near the close. Heavy subscriptions for Union Pacific common stock hint at improved investment demand despite widespread negative indicators including rail earnings drops and a drought weighing on cotton prospects.
New York notes money rates firming with rally at 2.36% to 3% and time loans steady. Sterling exchange weaker with 60 day bills at 4.2670, demand at 4.3240. Butter receipts up, eggs steady, poultry prices firmer, flour firm, meats quiet. Cotton and sugar steady, coffee steady, potatoes easy, cabbage quiet, peanuts unchanged.
Sales regular call at twelve o'clock. Capital Traction Railway 6s 3600 at 108 percent and 500 at 108 percent. Washington Gas 25 at percent and Federal National Bank 8 at 135 percent, 10 at percent.
Wholesale pricing notes for Virginia, Pennsylvania, Maryland, and Delaware produce. Listings include poultry, butter, cheese, eggs, fruits, vegetables, and greens with varied grades and unit prices. Regional fruit demand mixed with potato, onion, cucumber, melon, and citrus quotes. wheat, corn, oats, rye, and barley futures show firm or steady trends.
Chicago September grain prices edge up near session highs after rains slow threshing in the Northwest. Wheat No 2 refinished at 2 92% to 93% with nearby contracts firm. corn advances about 1% to 1%6. oats and rye show modest gains. Provisions rise with futures closing near top levels.
New York cotton rose with December contracts to 31386 amid heavy buying and reactionary swings. Active months traded 44 48 points above yesterday, closing steady with a net gain of 22 3 as late trading saw a 20 to 25 point pullback.
The California Petroleum Corporation declared a 1% quarterly dividend on common stock due to water conditions requiring higher development costs. Preferred stock paid 3% quarterly. Union Pacific stockholders subscribed to about 6% of Southern Pacific shares, in a move tied to a federal divestiture. July rail net earnings show declines, while Missouri Kansas Texas gains offset cotton losses in Oklahoma and Texas. New Haven stock trends show parity with high priced stocks despite long term declines.
Philadelphia markets show butter firmer with Western creamery extra at 3t. Eggs and cheese steady to firm, wheat higher for No 2 red export and Northern Duluth No 1, No 2 yellow mixed. Poultry alive and firm with varying prices. the clipped OCR ends with unclear poultry terms.
A mixed market report shows modest activity with several favored assets steady while Washington Gas sells modestly at higher asks. William J. Flather honored for surviving a recent railroad wreck. William Clabaugh elected VP of the B. F. Saul Company and resigns from key title firms.
In response to a public utilities commission request Washington Gas Light Company filed with the commission a list of securities it owns. The Senate asked District commissioners for steps on dissolving the connection between Washington Gas Light and Georgetown Gas Company. Commissioners will report soon. An anti merger law forbids direct or indirect ownership or voting of stocks in similar corporations.
Baltimore markets list vegetable oats butter and rolls by grade and region. Prices for No 2 red seed oats creamery butter and Maryland Pennsylvania Ohio and West Virginia items are given with per pound or per dozen figures, noting losses and standard varieties.
New York and Chicago reports show mixed cattle hog and sheep markets. Receipts including steers bulls and cows in New York with varied price ranges and dressed meat levels, while Chicago notes hogs steady to higher and cattle steady to lower with beef and stocker movements and diverse calf consignments.
The Metal Market reports copper across September and October at 16.40 to 16.60 in New York with related Electro Drictic and Casting quotes. London copper strengthens with spot prices around £72 12s 6d to £72 18s 6d. Tron steady with Cleveland warrants at 66s in London.
The readable fragments mention various names and figures such as Indiana and City references, with scattered numbers like 1.09 and 22.80. The text reads as a damaged OCR segment containing quotations, items, and prices, lacking coherent narrative or identifiable event or person.
A century after Calhoun urged coast waterways from Massachusetts Bay to the North Carolina sounds, government engineers urge a sea level intercoastal canal system linking Boston, New York, Philadelphia, Baltimore, and Norfolk. They favor a Delaware River to New York harbor lock canal and a Chesapeake and Delaware Canal upgrade with ongoing Congress funding starting at $500,000. Holland.
Noah D. Rittenour longtime clerk and interpreter for the Navy Department and staff member of Gen. Stonewall Jackson died at his home in Alexandria after a Civil War service. He survived by four sons Avery Frederick Richard and Russell. Born in Strasburg he lived here postwar and was with Jackson at Chancellorsville. Funeral set for the fregidente tomorrow at 11. Also Fairfax constable A J Payne bought the Skibo boat to patrol Potomac river. John R Howard Fairfax farmer buried Ivy Hill Cemetery after services at Seminary Hill.
W. S. Price of Belington was held under 10000 bond after a preliminary hearing in Elkins West Virginia for allegedly burning the Grand View Hotel at Gladys in March 1912 to collect Insurance. State marshal Nelson J. Hall testified as principal witness saying he was a party but turned state's evidence due to a troubled conscience.
Chicago reports Thomas Yates a 50 year old cook died in a blaze that razed the Central Hotel at 40 South State Street and an adjacent building. Eighteen hours of flames ended when the firemen finally extinguished the fire with 60 thousand dollars in property losses.
A Washington Post editorial urges trust companies to offer gratis legal counsel for will drafting and safe custody of wills. It argues trusteeship, executor roles, and reduced estate costs would attract clients and improve estate administration, benefiting both readers and advertisers.
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