The Washington herald., 1911-08-29
TRADE AND FINANCE

was insignificant in volume, and invest
ment buying was at midsummer level
Prices were maintained, though brokers
had no orders to speak of, and only six
transactions were recorded during the
session.
Norfolk and Western Bond.
This security was the only selection
from the entire bond list. and one bond
OF 500 sold at 10 per cent.
Typesetter Stocks.
Mergenthaler appeared in the sale of
three lots of ten each at prices ranging
from 22S 1-2 to 229 1:2. One block of
twenty shares Of Lanston sold at "a SIS.
Bank Stock Sale.
Provident Savings was the sole rep
resentative of this class of security and
block of eighty-three shares changed
hands at 9.
Boston Copper Reports.
Production is expected to begin at the
mine OF the Lake Copper Company soon
after December l. when the new hoist
will be completed. The company is
opening new ground at the rate OF 100
feet monthly.
Promising amygdaloid. copper bearing,
Keweenaw property.
third hole has been begun by Old
Colony to strike the spot reached by
No. 2. 1t is designed to determine
the dip OF the copper-bearing lode dis
closed at this point.
Mayfower hole. No. 15 is down 900 feet
in a ConglOmerate.
Resumption of active shipments is to
begin at once at Davis-Daly.
(,irOuY Consolidated iS
ening its main shaft below the 1.4OO-foot
level, but is developing the Alpha ore
zone at 100 feet. Five drifts are being
driven, and four of them are said to be
in ore.
Nevada Consolidated is soon to begin
production on a large scale from the
Liberty pit.
HoughtOn is drifting both ways toward
the Superior lode on the 460th level,
with a fair showing OF copper
A working shaft is to be sunk by
North Lake to command two copper
bearing lodes disclosed in drilling.
Want Lower Freight Rates.
Firms in GreenvilIe. S. c.. have petit
toned the Interstate Commerce Com
mission to relieve them OF the present
rates from New York. which are now
said to be contrary to the long and
rates to Atlanta, Ga The Lipscomb-
Russell Company. the first to make a
complaint, stated that the rate on roast
ed coffee from New York to Greenville
is at present 60 cents, whereas to At
lanta It is Sc cents. Coffee is shipped
under the ffth-class rate. The COM
plainant requested the commission to
fix the Atlanta rate in the future as
the maximum rate to Greenville.
that the rate on lamp goods from New
York to Greenville is at present $l.l4.
whereas the rate on similar goods 10
Atlanta is but $105. This company also
desires to have the Atlanta rate fixed
as the maximum for Greenville. Lamp
goods are shipped under the first-Class
rate. In both complaints the Southern
Railroad and the Old Dominion Steam
ship Company were named as the de-
PENDANTS.
Meat Prices Higher.
Philadelphia reports say that under
the manipulation of the beef trust.
wholesale prices OF all meats except
lamb and mutton have advanced and re-
tailers will boost prices in accordance.
Grass-fed cattle have gone up 81 a hun
dredweight touching a high-water
mark for that sort Of meat. Some retail
ers are asking % cents a pound for sir
loin steak.
Other beef prices are 9 cents for rump
or round steak. against % cents for
rump and 20 cents for round few days
ago; - and 25 cents for rib roast, and
l6 cents for chuck roast, as against l6
and IS cents for rib roast and II cents
for chuck.
Pork is abnormally high, also. and the
dealers have begun to give up all hope
of ever seeing II come down again.
Dressed pork is selling for 1912 cents,
as compared to 13 cents a year ago.
Ham is a pork product which has almost
reached a prohibitive price II is retail
ing for IS to 20 cents whole, and by the
slice brings 30 cents. A boost in the
prices of pork chops from l6 to 20 cents
to % to "a cents IS another high rec
ord.
New Railroad Bridge.
The Pennsylvania Railroad Company
awarded the contract for an eleven-span
concrete arch bridge over the Schuylkill
River at Donglassv!lle. Pa. to the
Eyre-Shoemaker Company. of Phila-
delphia. The cost is estimated at $4,000.
Cotton Operatives Idle.
More than $1,000 cotton mill operatives
in the New England States will be idle
untl september ., parity emphasizing
the most drastic curtailment policy
which has been in force in nearly TWEEN
ty years
Many millions of spindles will be idle
this week, and it is estimated that the
production will be less than 80 per cent
Of normal Many of the plants affected
have been shut down several times since
spring.
settle Machinists' Strike.
The strike Of machinists at the Hoe
printing press plant, New York, has been
settled satisfactorily to both machinists
and employers. The strike was for the
eight-hour day, which will be granted
after completion of contracts that were
based on the nine-hour day.
Fewer Idle Freight Cars.
The fortnightly bulletin OF the Ameri- |
can Railway Association states that on
August 16 the net surplus of idle cars on
the lines OF the United States and Can
ada stood at 104,170, compared with 12s,
19l two weeks before. The difference is
q, ,921, or 1876 per cent. The number OF
idle cars or the gross surplus was 10S,0OO, |
with 130.I36, while the shortage
increased from 2,045 to 1890 In the two
weeks ended August Is the surplus Of coal
cars decreased from 47.sS2 to 341SO. while
the box car surplus decreased from 43,6O4
to 81, ,912. The fiat car surplus showed
some increase, but the number Of avail