Stock Market Decline After Dull Session
New York traders faced a dull session with early wavering giving way to a late decline as selling mounted. Key issues included American Smelting weakness, Baltimore & Ohio earnings impact, and a rising Southern Pacific bid with 5 percent time-loan rates easing.
Stocks in London Mixed as Baltimore & Ohio Weakens
American stocks in London show irregular movement with Baltimore & Ohio weak. B&O December earnings reveal gross decline of 1,065,000 and net drop of 1,230,000, boosting expenses by 4 percent to yield 14 percent less business. Westinghouse plans to publish this week. President Stickney optimistic on Great Western. Loan crowd reports fair demand. Bank statement cited as very strong. Louisville & Nashville declares 1 percent extra dividend in $100 stock shares. Fairmont Coal issues annual 2 percent dividend payable January 31.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
Louisville & Nashville Company
London
Bank of England
Stock Exchange
Paris
New York Bank
Canadian Pacific
Grand Trunk
New York
Southern Pacific
Louisville & Nashville
Union Pacific
United States Steel
Atchison, Topeka & Santa Fe
Anaconda
Atchison
Chesapeake & Ohio
Chicago Great Western
Chicago
Milwaukee & St. Paul
de Beers
Denver & Rio Grande
Erie
Illinois Central
Missouri
Kansas & Texas
New York Central
Norfolk & Western
Ontario & Western
Pennsylvania
Rand Mines
Reading
Southern Railway
Wabash
Amalgamated Copper
Ask
Ask. Cin. Int
Col. & Xenia
Little Miami
Cin. & Ham
IC Iy
Pact Sais
Ohio Traction of
Cin
St. Ry
Ak Colum, Ry
BG &S
Col. Ry. &L
Det
UN. Ry
Scioto Valley
Int. Ry. & T
Do Pref
Nor. O.l.&t
Am. R. Mill
Do Speel Sas
Eo Bar. & Smith
Boldt Gl
By & Npt
DO Opel
Ovvs
Ick
Brownell
Casey-H. Pr
Ch. C. Paper
Tobacco
Columbia Gas
Cuyahoga
la Do
Foulds M. M
Fleisch'n
Bankatlas
Ger. Nat. Cov
Merch
Western Ger
Market Summary: Stocks See Mixed Tone and Minor Declines
Brokers note steady distribution by strong interests with buying support above bottoms as prices rise yet anticipate a setback. Reading advances from 94 to 111 with other rails falling two-thirds as much. unfavorably reported railroad earnings suggest possible reduced dividends. Smelting drops reflect such expectations. overall market shows a tired, uneven tone.
MENTIONED IN THIS ARTICLE
Roberts, Hall & Criss
H. M. Beazell
Foreign bourses show mixed gains amid easier money
London markets ease on ample liquidity with Bank of England bolstering gold funds. United States and European shares press higher as lower discount rates aid investment, while Paris and Berlin trade data reflect firmer or steadier intraday levels amid varied security moves.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
London Exchange
New York Bond Sales Report by Banks and Firms
New York bond sales reported by W W E Hutton Co and First National Bank Building show total sales figures for the day. Trading activity centers on government and corporate issues with notable participation from major banks and brokers.
MENTIONED IN THIS ARTICLE
W.W. E. Hutton & Co
First National Bank
Local Securities Demand and Money Market Ease
Local securities show strong demand while money markets ease as borrowers expect rates to drop. Cincinnati and Chicago clearings, New York exchange near par, and bonds in active trading with Cincinnati Gas and Electric among top features.
MENTIONED IN THIS ARTICLE
Cincinnati
Bank
New York Exchange
Commercial Tribune
Chicago
Cincinnati Gas and Electric
New York
Panama
Cincinnati Clearing House
Securities Market Snapshot of Rail Bonds and Traction Stocks
The page lists various railroad bonds and traction stocks with bid and price levels. Notable entries include Big Four 4s, C R & E W T s, Union S T, Niles-Bement-Patterson, Norwest savings, and Am Oak Line preferences, with ordinary and preferred issuances spanning prices from around 48 to 165. Ex-dividend statuses and trustee listings appear alongside city hall notes and bank names.
MENTIONED IN THIS ARTICLE
Cosmopolitan
Trust
First N’l
Industr
Colum, Bank & Sav. Co
Norw. First
Nor. Natessa Nor. Sav
S. T
C.&c.bdg
Ferris Agency forms in Columbus with 10000 capital
The Ferris Agency Company was yesterday incorporated in Columbus with a capital of $10,000 by Judge Howard Ferris and others. It will handle legal agency work for National Surety, Casualty Company of America and North American Life. The article also notes the Advertisers' Club dinner tonight at the Grand Hotel with James Rodgers as main speaker and speakers Milton Bucklin and Vice Mayor Galvin.
MENTIONED IN THIS ARTICLE
The
Ferris Agency Company
Columbus
Howard Ferris
E. E. Ferris
Earl Ferris
8. M. Ferris
National Surety Company, Casualty Company of America
North Ameri Life Insurance Company
iKgmpne Union Trust Building
Advertisers’ Club
Grand’ Hotel
James Rodgers
Harper & Brothers
New York
Milton Bucklin
Chicago
Galvin
River and Harbor Committee members head to Indianapolis convention
Albert Bettinger Alfred Nippert and Captain J F Ellison of the River and Harbor Committee left yesterday for Indianapolis to attend the Indiana branch convention of the National Rivers and Harbors Congress. A committee of three was appointed to study the feasibility of a Municipal Board of Information reporting to Frank H Shaffer president of the Business Men's Club.
MENTIONED IN THIS ARTICLE
Messrs
Albert Bettinger
Alfred K. Nippert
J. F. Ellison
River and Harbor Committee
The
Associated Organizations
Indianapolis
Indiana
National Rivers and Harbors Congress
Fred Geier
Otto Armleder
Frank H. Shaffer
Business Men's Club
Manufacturers deny wage cuts plan by shop firms
The Day Machine Works, George A. Gray & Co., the Lunkenheimer Company and other machine shops rejected reports that they considered cutting employee wages. Officers of the firms denied any plans to reduce pay.
MENTIONED IN THIS ARTICLE
Day Machine Works
George A. Gray & Co
Lunkenheimer Company
Lecture on The Great White Plague At Northside Club
Dr. B F Lyle, superintendent of the Branch Hospital for Consumptives, lectured at the Northside Business Club on The Great White Plague. A Boston Academy of Music concert was also performed by its members.
MENTIONED IN THIS ARTICLE
B. F. Lyle
Branch Hospital For Consumptives
Northside Business Club
Boston Academy of Music
Ohio Incorporations Filed In Columbus Today
The list records new Ohio corporations filed January 20 including The George Rackle & Sons Company at 50 000 by George Rackle Sr and others. The Marion Tool and Specialty Company at 25 600. The Imperial Coal Company Caldwell at 10 000. The Ferris Agency Company Cincinnati at 10 000. The Mambour Glass Sheet Machine Company Mt Vernon at 10 000. Bank of Cleveland at 50 000. The National Tongueless Buckle Company Springfield at 10 000. Farmers and Merchants Bank Company Pemberville at 25 000. Woodland Realty Company Cincinnati at 25 000 with listed organizers for each.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
George Rackle
J. S. Harshman
J. R. Jones
H. L. Perryman
John T. Ricks
E. ‘H. Smith
Farmers and Merchants’ Bank Company
Pemberville
G. L. Ginther
E. C. Gessner
E. G. Guthery
H. 8. Brady
B. J. Guthery
Woodland Realty
Grain supply figures from New York Produce Exchange
New York report notes Saturday's visible grain supply on January 18 totals 47,226,000 bushels of wheat with a 655,000 bushel decrease, 4,923,000 bushels of corn up 152,000, 8,898,000 bushels of oats up 400,000, 768,000 bushels of rye down 129,600, and 6,541,000 bushels of barley down 239,000.
MENTIONED IN THIS ARTICLE
New York
New York Produce Exchange
Market Speculation Prices in New York
New York reports early market figures with listed commodity symbols and prices for Adams Con .05 Alice 4.00 Breece .10 Brunswick Con .15 Comstock Tunnel .24 Con Cal and Va .58 Horn Silver .50 Iron Silver .70 Leadville Con .06 Little Chief 0.55 Ontario 3.50 Ophir .20 Potosi .11 Savage -52 goats Nevada .40 Small Hopes .20 Standard 1.10.
MENTIONED IN THIS ARTICLE
New York
Adams
Brunswick
Comstock Tunnel
Cal
Leadville
Little Chief
Ontario
Potosi
Nevada
New Orleans Cotton Seed Oil Market Report
New Orleans on January 20 reports prime cotton seed oil priced at 40 cents per pound. No further details provided in the fragment.
MENTIONED IN THIS ARTICLE
New Orleans
Prime
Cattle Market Steady Despite Liberal Cincinnati Receipts
Cincinnati market Monday reports liberal cattle receipts and steady values for desirable butcher stock, with strong demand and price declines for milk cows. Hog and sheep rulings show steady to higher tones in multiple cities, while calves and stockers move near last week levels amid varying regional price shifts.
MENTIONED IN THIS ARTICLE
Cincinnati
Ight
New York
Liverpool
London Cables
ST. Louis
Texas
Chicago
Commercial Tribune
Pittsburg
Money on Call and Bonds in New York and Boston Marked by Variety
New York money on call easy at 2a3 percent with 2 percent ruling. time loans 5 percent for 60 to 90 days, six months. Sterling exchange steady with bankers’ bills near 486.80 to 486.85 for demand. Boston notes show call loans 5 percent, time loans 5 to 7 percent, and various bonds and stocks with mixed moves.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Boston
Atchison Adj
Atchison
Mexican Central
Boston & Albany
Boston & Maine
Boston Elevated
Fitchburg
Union
Pacific
Chemcal
American Tel
American Woolen
Edison T Electric
General Electric
Massachusetts Electric
Massachusetts Gas
United Fruit
United Shoe Machinery
United States Steel
Metals market notes from New York and St Louis
Tin rose in London with spot £125 1s and futures £126 10s, London copper higher at £62 12s 6d spot, local quotes quiet. Lead up £14 1s 3d in London but steady at $3.70 8.75 locally, spelter quiet at $4.4 to $4.55. iron prices mixed with foundry grades around 46s to 47s 6d in London and various US quotes. St Louis reports Lead $3.65 and Spelter $4.50.
MENTIONED IN THIS ARTICLE
New York
London
Standard
Cleveland
Northern
Southern
Southern Soft
ST. Louis
Spelter
Oil market and turpentine notices across cities
Oil City reports credit balances and barrel shipments with averages. Savannah marks a holiday with no naval market activity. Charleston and Wilmington show no trading in turpentine and rosin, receipts sparse. Toledo lists oil prices for North Lima South Lima and Indiana at a few cents.
MENTIONED IN THIS ARTICLE
Oil City
Savannah
Naval States
Charleston
Wilmington
Toledo
North Lima
South Lima
Indiana
Clover seed and Timothy prices in Toledo market report
On January 20 in Toledo the market shows Clover seed at Gash and January 10.72 percent, March 10.80, April 10.55. Time'othy prime at 2.20 and Alsike prime at 10.20.
MENTIONED IN THIS ARTICLE
Toledo
Othy
Groceries Price List From Market Report
APPLES per barrel 3.50 to 3.50. BANANAS Choice to fancy 1.25 to 2 per bunch seconds Tica 1. Beets lie a dot. Cranberries 2 per box. Cabbage 1.15 per barrel. Lemons Messing 3.43 to 3.50 per box Palermo 3.50. Oranges Florida 2.50 to 3 per box. Onions home grown 0.60 to 0.65 a bush. Potatoes 2 to 2.25 per barrel. Pumpkins 1 per barrel. Rutabagas 1.25 per barrel. Squash Red 1.50 per barrel. Sweet potatoes Jersey 5. Groceries.
MENTIONED IN THIS ARTICLE
Palermo
Florida
Grain and Whisky Prices in Local Market Report
A detailed market sheet shows firm condition for rye and whisky with 956 barrels traded at $1.35 per gallon. Grain inspections list various No. 2 to No. 4 grades across wheat corn oats rye and hay, along with receipts and shipments figures.
Mining stock bids list from Boston exchange
Boston market report lists numerous mining and resource stocks with bid or price figures including Amalgamated 514 United States Mining 25 Calumet and Hecla 650 Copper Range 63 and Old Dominion 35. Other gauges show values for Union Copper Unite Copper United States Oil Nevada 11% and Wolverine 129 among many.
MENTIONED IN THIS ARTICLE
Roberts, Hall & Criss
New York Stock Exchange
Ask
American Tobacco
British ‘Columbia
Butte
Chicago Subway
Dominion Copper
Havana Tobacco
Otis
Tonopah Petéibecas
United Copper
A. P
Asreeeseense
Daly West
Utah
Cates Ovdvpeessees
Davis Daly
Boston
Jan
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet and
Hecla
Centennial
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Parro
Quincy
Shannon
Trinity
Unite Copper
United States Mining
Coffee futures open steady with mixed moves on demand
New York coffee futures opened steady at unchanged levels then dipped five points on weak European cables before finishing steadier. Day’s trade totaled 18 750 bags with January at 6.8, February 5.9c, March 6c, April 6a$.05c, August 6.2%c, December 6.45c. Rio No 7 63-16, Santos No 4 Sc, Cordova 39 al 3c.
MENTIONED IN THIS ARTICLE
New York
Rio No
Santos No
Sid
Cordova
Treasury balances report from Washington January fourth
Treasury balances in Washington show gold certificates at $34,188,901 and gold reserves exclusive of a $150,003,0% balance. Figures list general fund and related coin and currency totals, with $63,221,000 cited for unspecified categories.
MENTIONED IN THIS ARTICLE
Washington
States of the Treasury
Lime Avery Am Webee
Also Mentioned on This Page
Wall Street
United States
Pennsylvania Supreme Court
W. E. Hutton & Co
Charles BE. Bultman
Supreme Court
New England Trust Company
Providence
R. I
Page & Hill
George Eustis & Co
Mercantile Library
Atc Hison
St. Lae
Chicago & Alton
Colorado Southern
Sen
Delaware & Hudson
Great Northern
Manhattan
Missouri Pacific
Snes
Rock Island
R. R
St. Paul
Texas Pacific
Toledo Ry
Atone
Ooara
Wisconsin Central
Weer
Amal
Amer
Car & Fdy
Os'aepe
Col. Fuel & Iron Sense
Ek Ae
Pacific Mail
Seeessees
Oy Sone
Pete Springs
Ase
Western Union
Ticker
Westinghouse . Electric and Manufacturing Company
Stickney
Great Western
Fairmont Coal Company
Peoria
Total
UV. S
UN. Pac. Cong
Inc
N. Y
Gtd
H. la P
H. Ham
jSt. L Sneene
St. L
Webag Pitts. T
jOre. S. L
M. Wabash
Pitts
Rene
S— B
S. L. Is
Os— West B. R
M Eve
Oven al
A Tex. & Pac
Cincinnati Gas and Plectric
Cincinnati and Suburban Telephone
Cincinnati Street Railway
Procter & Gamble
Sub. Telephone
Cincinnati Street
First National Bark
Morning Call
Fleischmann Pref
Gas and Electric
Seach Aed
Glasrow
Belfast
Sterling
Coluindia Ban
Tenere Traction
U. Ist
Ham, Lind
Int
Globe Soap
Globe- Wer
A. Tol
Kroger
A. F
Nat. Ph&fm Roots Ph. Carey Pr
Gam
Rob’n Realty
Steptoe-Sh
Sf IU
Powell Pr. Ae . Wwurlitzer
Consol S. F
J .J
J. J
F. Ae
M. N
Pate
Southern Ry
F. A
M. Mi. N
Southern Ry. Ter
Asee
Water Works
Fe Oy
J. D
Hamilton Cou
Elizabethtown Bridge
Longview
Armory
Aaa Eye
Benson Street Bridge
Big Miami Bridge
Covington
Eseseee
Oocaesidad Water Works
Newport Bonds
Se Ee Edison
Bagos Oe Tee
Big Four
C.R
Ew.ts
iLit
Miami
Securities
N. & C.bripr
Oak L. Pr
Bullock
Fay&Eg. Com
Deo
Hoov-O-R. Pr
Niles-B.-P
Niles T. W.pr
Amoskeag Company
Alms & Doepke Co
Landesman, Hirshheimer Co
Raul & Mack Shirt Co
John Shillito Co
New York City
Manchester
N. H
Industrial Bureau
Business Men’s Club
Young Men’s Mercantile Company
Transportation Committee of the Associated Organizations
Brent Arnold
Louisville & Nashville Railroad
Public Landing
Arnold
Provident Savings Bank and Trust Company
Hartwell Council
Traction Company
Ohio
NEW York Mining
WOOL
East Buffalo
Kansas City
Metals
the German National Bank
James C. Ernst
George E. Engle
T. S. Hamilton
H. P. Colville
Asst
Atlas National Hank
Walnut Street
Post Office
Japan
Butte Creamery
Fruits and Vegetables
C.s
Diandreh
Michigan Aetee Senes
Akron Crescent
Cleveland Diamo
City OF
S. Kuhn & Sons
East Third Street
Ret
Do City
U. A
D.s. Oa
Bard
Akron
ST. Bernard
Weil, Roth & Go
East Fourth ST
HOTEL
Havlin
Tre Paldwin
D. H. Baldwin , CO
W. Fourth St
Wurlitzer Piano
Coal
N.Y
Dr. B’s
Navy
Corerd
Kanawha
California
Timothy
Turkey
Philadelphia
Boston Mining
Treasury Statement