Market Sags as Bank Reserves Decline and Rails Slide
The market faced a sharp reserve contraction and weak foreign exchange last Saturday, dragging prices down after a brief rally. Heavy London-origin bill offerings pushed down quotes while banks faced higher call money, with 775000 shares traded and notable gains in steels and oils.
MENTIONED IN THIS ARTICLE
London
Crucible
Republic Steels
Baldwin Locomotive
Pan-American Petroleums
Texas Company
General Motors
Chandler
Studebaker
U. S
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Massachusetts
Union Twist Drill Company
Union Twist Drill CO
New Massachusetts Corporation
S. W. Card Mfg. Co
Butterfield & Co., Inc
Old Union Twist Drill Co
Athol
Mansfield
Mass
Derby Line
Rock Island
Que
New Company
Messrs. Boyden & Steacie, Inc
Hayden, Stone & Co
Parkinson & Burr
Messrs. Ropes, Gray, Boyden & Perkins
Boston
Ouvu
Salem Five Cents Savings Bank
Essex Street
Salem
New York Market
New York
Jan
Board Room
New England
New York City
C.F. Redmond & CO
Tno
State Street
Fort Hill
Charles E.van Riper
Consolidated Stockh Exchange
Broad ST
NEW_ YORK
Sierra Pacific Electric Company
Nevada
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Btone & Webster
Chester D. Coram
Consolidated Film Laboratories CO
Pemberton Square
Amalgamated Silvers
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Wells Fargo
Wilson Co
Woolworth Co
West Union
Ger
Green
Westinghouse
Goodrich Pf
Worthington P
Central Seeenee
Int Corp
Gia
Kennecott
elly-Spring
T&r
Allouez
A Ag
Lee Rubber
Woolen Pf
Loft Inc
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Lorillard
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Martin Parry
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Carson Hill
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Mullins Bo
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Peevis-Daly
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Pacific
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Swift & Co
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Torrington
Peoples Gas
United Drug
Pierce-Ar Pf
United Fruit
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Pierce Oil
UN Shoe
Pitts Coal
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U S Smelt
Phila Co
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Parish & Bing
U S Steel Pf
Prs Steel Car
Utah-Apex
Pullman
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Ventura
Republic Met
Walworth “Mfg
Waltham Watch
Rep
Sears-Roebuck
Sloss-Sheffield
Neneee Oe
Inter Rubber Free Ee Eseseee
Tex Ld ‘Trust
A Libby M& L
Tex Ld Truts
Marconi of Amer Cee Acca
Third Ave
Nor Amer P & P
Perfection Tire
Twin City
Light
Reprefete
U S
Ind Alco
Tis
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Cosden & Co
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VERDE
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Denbigh
State St
Seesssee
Ray Hercules Rex Consolidated
Rochester
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King of
Ariz
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N. Y
Texcalokan
Northway Motors
Bay State Film
W. N. Withing
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Underwriters Securities CO