Profit Taking Weakens Market After Sterling Rise
After two months of steady gains amid war jitters, the market slid heavily on profit taking. A brief rally followed a rumor of the steamship St Louis sinking, denied as false, then renewed selling pushed prices to day’s lows. Foreign selling in rail securities remains sizable, with 1.518 billion par value returned and 1.185 billion still held abroad. Atchison shows strong gains and a possible higher dividend, while rails weaken as investors weigh rate rise prospects and banking influence. Ohio Cities Gas stands out with a late-day surge aided by new oil-field prospects.
MENTIONED IN THIS ARTICLE
Germany
St. Louis
Loree
Delaware & Hudson
Aetna Explosives
Atchison
Reading
Union Pacific
Ohio Cities Gas
Ohio Cities
Bond Market Roundup From New York Exchange
New York bond market activity reported for March 26 shows transactions in Canadian and domestic issues, with values indicated in thousands of dollars. The brief notes list several bonds traded and price levels, reflecting daily variations in the fixed income market.
Stock totals by city and leading issues for 1917
Total sales for New York and Boston are given with shares across all listings and by month. Most active New York steel shows 164 200 shares while Alaska leads Boston with 4400 shares. Year to date totals compare to last year for both cities with notable gains and losses in specific listings such as Ohio Cities Gas and American Zinc pref in New York and Alaska Gold and Calumet Hecla in Boston.
MENTIONED IN THIS ARTICLE
MK & T
Montana
CB & Q
Mil & St
Benue
Ste Pee
Chicago
Dom of
Canada
Wrens
Nirf & W
Orf & W
North Pacific
Jay
CRI& P
Nor States
Pwr
C St P & Minn
Penn Sees
Cincinnati Gas
C C & Ind
Errens UK
Penn Con
I Sis
Cel & Sorf
Ae Gas & Coke Baneee
Con Gas
Britain
den & R
Eees U
Iexie Bisbee
den & R Grig
Republic T
Erie
Ebees
Alaska Gold
Erie Penn
Seab Air L
Elec
Seab Air Lady
Pacific
Seutners
Am &T
Breese
T&t
Mer Marine
Southern Ry
Beeaee Mobil
Texas Weeee
Il & West
Ethene
Union Bag & P
Union Pacist
Kan City
Kan
Sentucky
Steel A
C&c
Virginian
Wabash
West Shore
Wilson & Pte Nee
Venee
New York
Boston
Steel
Alaska
Ohio Cities Gas
American Zinc
Calumet & Hecla
Wall Street Broad Declines Amid War News And Liquidation
New York market saw offerings exceed demand with broad declines across war and semi war shares. United States Steel and Bethlehem Steel hit new lows as rails and shippings fell, utilities showed isolated strength, total volume about 860000 shares, bonds eased modestly.
MENTIONED IN THIS ARTICLE
New York
United States
Steel
Bethlehem Steel New
Atlantic
Gulf & West Indies
United Fruit
Pacific Mail
Central Leather
International Harvester
Transcontinentals
Grangers
Canadian Pacific
Union Pacific
Southern Pacific
St. Paul
Ohio Gas
Market mixed in Boston as heavy New York declines weigh on golds
The Boston market showed a mixed day with selling pressure from the New York list. Atlantic Gulf & Fruit fell with Mercantile Marine losses, copper names slipped, Butte & Superior saw little action, while Alaska Gold surged to 97 8 on heavy volume. Market talk cites big interests in zinc and a shift toward selecting richer ore. Some traders link peace talks with Russia to market declines, but banking circles doubt any effect. Local traders say after a strong rise the market is undergoing a normal pause as earnings expectations remain high.
MENTIONED IN THIS ARTICLE
New York
Atlantic Gulf & Fruit
Butte & Superior
Alaska Gold
Germany
Russia
Lehigh Valley Rail Road Must Sell Great Lakes Line
In the first case under the Panama Canal act the Supreme Court rules the Lehigh Valley railroad must relinquish its Great Lakes steamship transportation line running vessels between Buffalo and Chicago and Milwaukee.
MENTIONED IN THIS ARTICLE
Lehigh Road
Washington
Supreme Court
Lehigh Valley Railroad
Great Lakes Steamship Transportation Line
Buffalo
Chicago
Milwaukee
Money Markets and Federal Reserve Rates
Money markets show quotes for call loans and commercial loans, with rates ranging from 4% to 8% and up to 47 percent in some segments. The Federal Reserve Bank outlines rediscount and purchase eligibility for paper maturing within 15 days and other terms. Clearing House balances and Sub-Treasury activity are noted, along with virtually unchanged foreign exchange rates for sterling, francs, marks, and other currencies.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Boston
Treasury
Maritime Weather and Fishing Trade Report
War on water front calendar notes March 27 with tides and celestial events. Two steam trawlers and five schooners sold fares of fish at the Fish pier. 104,300 pounds of scrod among catches. British schooner Valeria arrived with 350,000 pounds of frozen herring from Fortune Bay. Haddock and cod prices quoted. vessels listed with catches and cargo values. The two-masted schooner Maggie Todd ashore near Wood End may be saved. coast guard Gresham near by. Wave salvages coal barge Katherine Howard, now at East Boston wharf awaiting settlement. no libel planned, settlement based on appraisement.
MENTIONED IN THIS ARTICLE
Valeria
Joseph Wallis
Grand Bank
Fortune Bay
Newfoundland
Haddock
Greer
Jos
DeCosta
Sennett
Sears
Maggie Todd
Wood End
Coast Guard
Gresham
Todd
Richard Tobin
Wave
Katherine Howard
Howard
Bay State Fishing Company
Boston
Also Mentioned on This Page
Unit Manufacturing CO
Amesbury
New England
P. O
United
Toole, Henry & CO
Eechang
New York City
Aetna
Aetna Explosives Company
Jerome Lewisohn
Frank J. Smith & Co
Bkly
Rt A
Sum Tob
Mateo Ees
Inter
Austin
Amazon
Steel Tool
Eater
Ee Bebeene
California Packing
Haskell Barker
Maxim Munitions Locomotive
Marlin Arme
Jax
Alaske-Juneau
Garie
Joe Essa
U —Z
Basin Pete i
Bhat-Aris
Ead
Ecevesne Ain
Stats
Midwest Continental Oil
Tai
Ann Woolen
Midwest Oil
Writ
Teereene
Okla
Insue
Sapulpa
Atos
Ealt & Ohio
United Western
Brunswick
West End
Pet Pf
Big Jim
I GW
Western Union
W & L Erie
W&lepf
Butte Copper Zinc
Montans
I Ri&p
Ite Motor
Blue Bell
C & St L
Uson & Bene
Calumet & Jerome
Vet, Peabody
Fuel & Iron
Southern
Peeeeee
Gas & Elec
Dexter Union
Meh Low Pindahl Dome
Cible Steel
Fore National
Globe Mining
Lee
Seetees
Jerome Victor
Renee
Pe Gee
Melatyre
Arisons
Kelly-B
Monster
Nanc Montana
Lake E & W
Law & Nui
Iss
Daly
Axwell
Ieee
Con Butte
Peters New Wit AL
Phan
Progress M. Tl
Warner
Sole —'S
Ah Stewart
Fererree Pete
Syfower. Bullion
Nevada
Stock Exchange
O&l
Buff & ST
Balt
Saeese Balt&o Swn
Beth Steel
Cen
Chea
Val Cor
Lacledr
Tepeee
Weeseee
Nia
Nue
Ue Tae
Tosbania
Key York
Caesar
New York Market
Pond Creek
St Mary's
Bette Co
Trinity
United Ee
Utah
Cal & Jerome
Pion
Gola
Las
Nixon Nevada
Shamrock
Stewart
Be Ae
United Verde Taz
Boston Stocks
Ae Td Sa
Wheatereneene High
Loa Misimen Polis
Duluth
BAY Statefilm CO
Sharon
Mass
Floyd M. Whipple
BAY State Film CO
State Street
Money Markets
Seccerseriess
Vtuly
Dee
GOYF
Cass Reseansereee
Waront
Venus
Mars
Jupiter
Saturn
Angeles
Montreal
Bismarck
Nantucket
New Orleans
Charleston
Philadelphia
Poe
Denver
O- Pittsbur
Portland
Eastport
Ore
San Francisco
Galveston
Hatteras
Attle
Helena
Jacksonville
Osage-Hominy Oil Company
Mid-Continent
Arizona
John E. Allen & CO
Devonshire Street
Hughes & Dier
Walnut St
Broadway
Hiladelphia
A. B. Benesch & CO
J. C. Morse
Devonshire St. Fort Hill
Boston, Mass
OIL
Oklahoma
The
Boston Post
Field, Exrgor
T. J. Howard
Newport
R. I
Vineyard
Pateman
John Scully
Sarges