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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 27, 1911
Page
2
Mixed market sentiment lingered as investors awaited a clearer statement from the government on the Steel Trust. Strength in Lehigh Valley and American Smelting supported gains while fears of an antitrust case and a potential dissolution of major holdings kept nervousness high, with bonds advancing and tobacco equities contributing to activity.
Vintage frost of price listings shows butter, eggs, flour and sugar with varied movement. Staples like butter and eggs show modest shifts while meats and coffee remain steady or weak, reflecting market caution and limited demand.
New York Sept 2 Money on call steady at 2 percent. Time loans firmer 60 days. Prime mercantile paper 4 percent. Sterling exchange ready with bankers’ bids at 4.8235 for bills and 4.8605 for demand. Commercial bills 4.82. Bar silver 52 Mexican dollars. Government bonds steady. railroad bonds firm.
Market report from New York and London shows copper prices across spot and futures, with standard copper dulling at 11.80 and 11.80 1/2 in various contracts. New York customs returns indicate exports totaling 26,551 tons this tide season. Other metals cited include Lake copper around 12.39 and nickel alloys.
Special to The Washington Post reports a morning scramble for stocks before the market opens with bearish buyers seeking private borrowings. Union Pacific and Reading loaned shares as short covering perked, while American Tobacco securities rose on signs of a reorganization plan progress. Bond activity was vigorous with notable gains in 4 and 11 percent bonds as August rail results showed mixed net changes.
Local financial activity was quiet with prices near the day before and limited demand. Mergenthaler and Lansium trades occurred at modest levels while brokers avoided speculative moves. Bond interest was focused around 86 3 4 but no offers fell below 88, with a few small bond transactions closing near par and one weak issue at 99 7 8.
Realty firm Boys & Phelps leases ground floor offices on the Bond building’s Fourteenth street side at 910 Fourteenth street NW. They will occupy after alterations. construction cost $22,400. The piece also notes cotton market moves, lower stove freight rates, press relations with Baltimore and Ohio Railroad, and various regulatory actions in brief.
Wholesale quotes for vegetables and fruits including eggs butter cheese poultry and greens. Items listed with regional origins and per unit pricing across multiple categories and containers. Prices cover Virginia West Virginia Maine Colorado California and various regional suppliers with crates baskets and per bushel measures.
The New York stock market update notes receipts by W D Willa and Co bankers and members of the New York Stock Exchange and Chicago Board of Trade. The item reflects trading activity and institutional participation in the market.
The bulletin lists prices and shipments for oil markets in Pennsylvania and nearby regions. Creait balancer at 1.30, raw at 184 average 13.519, shipments totaling 267 356 with an average of 278.128. Toledo and Nor Lina in September show 84 for South Lima Janice Indiana with mixed regional references.
Chicago market notes strong for good natives with limited others and mixed cattle pricing across Texas and Western steers. New York report shows beef, calves, and sheep trends with varied prices, steady but slow demand, city dressed veals and country products included.
Baltimore markets report wholesale prices for Wednesday September 28 with firm ranges in wheat corn oats rye and fats. Prices cover live poultry butter eggs and dairy prints by region and size including Maryland Pennsylvania Ohio and nearby markets.
Philadelphia market report shows steady wheat and firm butter and eggs. No. 2 corn quiet for local trade with various regional price ranges across dairy outputs and live poultry, with potatoes steady in New Jersey and nearby markets.
Veal calves in good demand and spring lambs in better demand. Hogs bid per hundredweight and lambs, spring, show choice and medium categories. Notes include varying prices for veal calves and lambs with reference to weight and grade.
The census bureau reports a 12 percent year rise in raw cotton supply to 12,858,479 bales for year ending August 31, 1911, even as U S consumption declines by about 2 percent to 4,686,316 bales. Exports edge up 2 percent to 1,781,414 bales, while net imports surge over 52 percent to 231,191 bales amid high prices and regional demand shifts.
New York grain notes a mixed session with wheat futures slipping at open then firming on milling demand and threshing results. Spot No 2 corn steady at 75 to arrive basis with receipts around 208 728. Oats futures nominal as receipts reach 94 550.
Announcement by the Imperial Motor Company confirms it will market the 1912 Reo line in this area. Two models are offered, a touring car at 1000 dollars and a light delivery wagon at 750 dollars, with dealers and routes noted across several cities.
Baltimore on Sept 26 Special to The Washington Post reports the mayor sent his green bag to the city council with surprises. Jacob W. Hook named collector of taxes replacing George N. Numsen. James King moved to water board member, E M Parrish retires as water board president after twelve years, Richard H Johns succeeds him. B T Fendall displaced as city engineer by H Kent McCay. Dr Bagley reappointed health commissioner. McCuen praised as longtime superintendent of lamps and lighting.
In Pelham Parkway near the Williamsburg Bridge two cars collided head on last night. Five people were injured and taken to Fordham Hospital. Daniel Richey and his wife, residents of 42 West Thirty-fifth Street, were returning from a drive when their car was struck by a vehicle driven by Robert Anderson, carrying Hermann Feinberg and Feinberg’s wife. Mrs Richey suffered a possible skull fracture and was listed in serious condition. Mrs Feinberg also had a fractured skull. The two men sustained numerous cuts and bruises.
President Taft spoke at Hutchinson praising Kansas independence while contrasting local government models. He argued responsibility rests with a strong mayor rather than many officers, urged voter vigilance at primaries, and paid tribute to late Rep. E W H Madison for his judicial fairness. He recounted Kansas history from its free state fight to present prosperity. An accident involving a cavalry horse near the fairgrounds prompted immediate aid. Upcoming stops include Topeka Atchison and Leavenworth.
The Minors Central Railroad posted a record 60 077 08L 49 dollars in operating income for the year ended June 30, surpassing 1910’s banner total. Expenses rose to 43 866 228 18, up 625 497 74 from 1910, while maintenance costs fell 1 194 895 39 due to changes after indictments of Central officials. In a separate note a man aged 83 was fined 200 for betting a dollar on Frederick fair races.
A long list of names and hotel affiliations appears by city including Boston Chicago New York Philadelphia Pittsburgh California Connecticut Georgia Maryland Massachusetts New York State New Jersey Ohio Tennessee and Pennsylvania. The compilation names numerous individuals and couples associated with the Willard Ebbit St James and other hotels, indicating a broad network of travelers or guests in multiple locales.
Dr Napoleon B Nevitt, longtime Alexandria physician and Civil War veteran, died at his home near Accotink Fairfax County aged about 90 He survived by two brothers and a sister His wife predeceased him Funeral services were set for 2 pm at the family residence conducted by Rev Everard Meade rector of Pohick Episcopal Church where Nevitt had served as vestryman for over four years Burial followed nearby Also reported were local incidents including the arraignment of William Oehlert on assault charges and a boy struck by a motorcycle, with minor injuries to another child and Typhoid death of Estelle Evans in Alexandria Hospital.
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