High Call Rate Shock Hits Wall Street in Early Trading
New York stocks opened heavy with declines in sugar, leather, steel and other shares. An 8 percent call loan rate spurred selling as banks tested liquidity amid government deposits shifts and interbank borrowing fell from October highs. Major movers Sears Roebuck and Westinghouse faced mixed reports while Schwab and Manchester Guardian notes signaled cautious optimism.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Bank Clearings And Quotations Of Local Markets
Financial notes show bank clearings totaling 7,118,710 with shifts in local market quotations. Cotton futures and spot prices across New York and London are listed, including midling grades and future contracts. livestock receipts and prices in Chicago are summarized, with butter, copper, tin, lead, zinc, and potato markets noted.
MENTIONED IN THIS ARTICLE
London
New York
Steadier Tong Ts
Bie
Ilo
Santos
Jundiahy
Hubbard Bros. & Co
Hanover Square
New York Cotton Exchange
New Orleans
Wheat market upturns amid bullish tone in Chicago trade
Chicago notes a material upturn in wheat prices with gains across nearby and deferred contracts, as traders push claims that rallies are overdue and export demand may be constrained. Corn and oats also firm, while provisions swing with stock levels and grain movement.
MENTIONED IN THIS ARTICLE
Chicago
Argentina
United States
Bearish Stock Market Session Signals Pressure Across Listings
New York February 2 bearish sentiment dominated stock market circles with widespread pressure on major index components. Money market call loans opened at 9 percent, most initial rates, and final hour highs. Time funds and commercial paper steady with light supply. Crude oil and refined oil prices extend declines while sugar trades intensify competition. Wage cuts and railroad cutbacks dampen transportation demand. rails, led by Great Northern and Northern Pacific, rise late to curb losses. Total shares traded 525000. Foreign exchange market shows further unsettled conditions.
MENTIONED IN THIS ARTICLE
New York
Great Northern
Northern Pacific
Also Mentioned on This Page
R. L. Barnu
Sears Roebuck
Montgomery Ward
Chicago Dispatches
Westinghouse Electric & Manufacturing Company
Guy EB. Tripp
Westinghouse
Tripp
Schwab
Charles M. Schawb
Aquitania
Cherbourg
Europe
Manchester Guardian
Manchester Chamber of Commerce
America
Standard Oil
Atlanta
Higher Lord
Yesteriny
Ing
London Metals
Liverpool
Uim
Pela
Imbrie & Co
NEW York Stock Exchange
Noves
Peachtree Street
Ivy
BASE
Broad Street
New -York
Hacford
Norfolk and Western
American International Corp
Oklahoma
Pan-American Petroleum
Republican Iron and Steel
Royal Dutch
St. Lonia
San Francisco
Gulf & West I
Seaboard Ale Line
Baldwin Locomotive
Shell Trans
Seaboard
Asc
Baltimore and Ohio
Sinclair Oil and Efining
Bethlehem
Canadian Pacific
Southern Pacific Sloan Sheffield Steel and Iron
Chandler Motors
SSL & St. Paul
Studbhaker Corporation
Thy
Heck Island
Facifte
Jennessee Copper
Cola Chino
Tews Company
Colorado Fuel and Iron
Tosas
Pacific
Touteco
Union Pacific
United “Fruit
Genecal Electric
Lee Great Northern
Gulf States
Seoee
United States Rubber
Clinois Central
United States Steel A
United States Steel
Merehang
Aiefering
International Nickel
International Paper
Virginia-Carolina
aTy Kennecott Co
Western Union
Louisville
Nashville
Diya
Mexican Petroleum
Willys-Overland
Miami
General
Middle States
Invincible Olt
Midvate Steel
Ueabe Missouri Pacific
Lous
Amy
Opan
Mar
Rae al
Aly
Mech
Inbrie & Co
Anglo-Amer
Leee
Bagi Ium Gs
Aya
Oo Bel
Sim
Govt
West
Tel
Allis
Hide RR
Shippii
Steel
Beth. Motors
Aera
Chile
Columbia
Endicott Johnson
Kelly-1
Springfield
Ateyntone
Lackawanna Bleck
Ae Ba Marine
Do, Pe . ' Buts
I Mas. Motors
I . Ote Oy
Nimany Ait Piere-Arrow
Ford Steel
Pey Yomew & Pacific
United Ret
I ‘Western
White ‘Motor
Aby Wilson Worthington Pump
Curb Securities
Industrials
Amer ‘Tobacco
Cartight
Chalm
Amn
Pulp
Anglo-Amn
BBC
el Basino i Esmeraldo
Fed Federal
Guffey Gillespis Inter
Uy Jae Ye North Ama
Ol Ang Fintt Creek Pro
IV Simms
Allied Packers Fa
ST Din
T&t
da Swift & Co
France
Belgium
Italy
Switzerland
Sweden
China
Qld
NEW York Bonds
Samama As
Ayuama
Methron Smelting & Refining American
Ostohizan
Atlantic “Coast” Line
Baltimore & Olle
Bethlehem Steel
Guesapene & Ohta Ev
Ney Inleaga
Thiengs
L & Pac
Parle Gs
Solorado & Southern
Genver
Rio Grande
Ominion
Canada
Assiinet
Mer
Marine
Kansas City
Légeett & Myers
Uouisvillé & Nashville
Bid
Missouri
Kan
Texas
New York Central
Norfolk & Western Co
Pensylvania
Prinary Pointe
New Fork Coffea and Sugar Exchange
Chicago Board of Trade
Liverpoolert Cotton Exchange Cotton &Asociation
Orleans
Mair
Ba Aem
Liberty Bonds
Victory
She Stacy
Peter Perkins
Cyatema
Kriebel
Lasalle
High Return Cities Service Company Preferred Stock
Henry L. Doherty & Company
Hart
Atlanta, GA
Telephone
Oe Us
Inc Om
Slattery'og
Exchange Place
Chicago, N
New England
Illnois
the National Cty Company
Peachtree St
Wallace M. Cumming
Certified Public Accountant
Healey
Georgia
NLESS
London Guarantee and Accident Company
Spratlin, Harrington & Thomas General Agents—Ale Lines OF Insurance
Svy
the Beaver Board Companies
Pennsylvania
Massachusetts
Central Union Trust Company of
Beaver Board Companies
Vulcanite
Beaver Board
Imbrse & Co
Boston
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