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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 24, 1919
Page
3
The money market and corporate bonds show firmer tone as liberty bonds influence demand. Interborough issues weaken while 4s and 3s gain with Fourth 4s leading, and government financing shifts expected to ease rates. foreign exchange firming and dairy, eggs, cheese, and poultry prices also noted amid broad market activity.
New York money markets show mercantile paper at 5,534 sterling with 60 day bills at 4 1 3 percent, commercial bills around 4 1 3 percent, demands and cables in the 4 0s to 4 7 percent range. Government and railroad bonds hold firm while loans remain steady across 60, 90 day and six month terms with call money at six percent and bank acceptances also near six.
London financial news notes a dull market with a further gilt-edged decline and Home Railway shares easing. French loans buying aided by franc gains. Coats preferred climbs while Furness Witby weakens over merger denial. Short loans easier. discount market sees better bills inquiry. Bank of England loans unchanged. New York dollar rise and franc and German mark gains.
Chicago trading firm with mixed grain and futures shows corn futures gaining while oats and provisions swing. Reports cite short-covering after sparse offer receipts and Senate committee hearing notes involving E H Gary and John Fitzpatrick. Cash grain values list No 2 corn around 1.50 to 1.54, oats about 70 to 72, and rye and barley near 1.40 to 1.30. Futures open high then close varied, with December near 1.28 and May around 1.25. Live stock markets in Chicago show hogs steady to 25 cents lower, cattle firm, and sheep strong amid lighter arrivals. New York cotton and other markets not specified.
Baltimore dated Sept 22 market notes list butter grades prints and process butter with prices from 40 to 60 cents per pound and 52 for firsts. Poultry shows live chickens hens roosters and ducks with varied weights and prices. Grains include No 2 white oats at 75 to 75.5 cents, wheat standard, and corn near 155 to 160 cents per bushel.
The destroyers Belknap and Harding of the Atlantic fleet arrive for a short stay and dock at Seventh Street wharf. Harding previously located the NC-1 near the Azores after it was abandoned by Commander Bellinger and crew. Vessels are open to visitors daily from 9 to 5.
Eugene E. Thompson submits a comprehensive merger plan to the public utilities commission uniting Washington Railway and Electric with Capital Traction into a single Washington Traction Company. The plan outlines exchange of existing stocks and bonds for new securities, a $25 million authorized capital, and a Maryland subsidiary for outside lines, with one class of stock and $21.4 million in bonds issued immediately.
In a PIGGLY WIGGLY store one hundred people can be served in the same time that it would take to serve ten people in any other store. The chain emphasizes eliminating waste starting with humanity’s first need food, a philosophy driving urgent demand from nearly every city and town in the United States and Canada for
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