Outside securities market falls amid heavy liquidations
The market for outside securities saw renewed heavy liquidation with broader scale activity. Northern Securities fell about 2 percent on continued offerings, while American Can common slipped to 94 and preferred to 42. Virginia Coal and Coke, Standard Oil, Havana Commercial, British Columbia, Writing Paper and others showed declines. International Mercantile Marine common traded down about 9 percent to 21. copper stocks also weakened as the market remained weak but active.
MENTIONED IN THIS ARTICLE
Northern Securities
Preferred
Virginia Coal and Coke
Standard Oil
Havana
International Mercantile Marine Common
Securities Values Break Under Heavy Liquidation List
Markets show sharp declines with 175 000 francs added to counts, gold on hand dropping 454 000 francs, bills discounted down 45 600 000 francs, and silver in hand reduced by 1 350 000 francs as liquidation spreads through listed securities.
Sales at the stock exchange noted for bonds
A Te Wat muses of bonds shows trading at 40 to 174.500, reflecting bond market activity with a focus on price movement and turnover.
MENTIONED IN THIS ARTICLE
THE
Stock Exchange
Market Wrap of Stocks and Corporate Updates
Weak American shares contrasted with higher Kaffir stocks and firmer consols signaling improved money outlook. Bank rate steady. bullion loss weekly. Loans listed for Amalgamated Copper through Union Pacific and more. Gossips cite heavy SP and US Steel selling, Canadian Pacific pressure, Morgan Gould Rockefeller buying on declines. Rubber Goods dividend rumors denied. Republic Iron forecasts upbeat half year. earnings due after Jan 20. Atlantic City Railroad bonds listed. Colonial Trust 5 percent dividend proposed. leadership changes at Commercial Trust Philadelphia. new NYSE members announced. Lincoln Trust taps new director. Rock Island mortgage bonds interest payments scheduled.
MENTIONED IN THIS ARTICLE
London
Amalgamated Copper
Anaconda
American Ice
Atchison
Brooklyn Rapid Transit
Baltimore and Ohio
Chicago
Colorado Fuel and Iron
Delaware and Hudson
Erie
First
Louisville and Nashville
Manhattan
Missouri Pacific
New York Central
Northwestern
Norfolk and Western
People’s Gas
Reading First
Republic Steel
Rock Island
St. Paul
Southern Railway
Southern Pacific
Sugar
United States Steel
United States Leather
Wabash
Western Union
Union Pacific
Keene
Rock Island Common
Canadian Pacific
Hocking Valley
Morgan, Gould and
Rockefeller
Rubber Goods Manufacturing Company
Republic Iron and Steel
Thompson
Republic Iron and Steel Company
Atlantic City Railroad Company
New York Stock Exchange
Colonial Trust Company
H. G. Lloyd
The
Commercial Trust Company of Philadelphia
Thomas de Witt Cuyler
James H. Hyde
New York
H. C. Deming
Mercantile Trust Company
Exchange
James Norris Olyphant
T. Ferdinand Wilcox
R. L. Ide
Lincoln Trust
Lincoln Trust Company
William G. Park
Park Brothers Steel Company
Pittsburg
Company
AS & P
Chicago, Rock Island and Pacific Railway Company
Chicago, Rock Island and Pacific Railroad Company
Rock Island Railway Company
First National Bank
Market Slump as Liquidation Overshadows Stocks
Heavy selling swept Wall Street with wide declines across many issues as tired holders and exhausted margins forced losses. Bear pressure dominated amid rumors of failures and renewed fears of South American turmoil, while late-day trading saw a brief rally attempt and calls money spiked to 9 percent. Total volume exceeded one million shares as market sentiment soured yet investors were cautioned that the downturn would not prove permanent.
MENTIONED IN THIS ARTICLE
Venezuela
Wall Street
Cleveland
United States
England
Germany
Canada Southern
Delaware and Hudson
Lackawanna
Great Northern
Lake Erie
North American
Atchison
Baltimore and Ohio
Brooklyn Rapid Transit
Canadian Pacific
St. Paul
Erie
Louisville and Nashville
Manhattan
Missouri Pacific
Pennsylvania
New York Central
Reading
Rock Island
Southern Pacific
Southern Railway
Union Pacific
United States Steel
Commission House
South America
National City Bank
Market Notes on Government and Railroad Bonds
The day’s bond market shows government issues slightly lower with varied bids and asks across several issues. Railroad bonds were weak with par value sales totaling 4,474,500, led by Atchison general 4s, Baltimore and Ohio gold 4s, Central of Georgia second incomes, and other active titles among listed carriers and utilities.
MENTIONED IN THIS ARTICLE
Ste. US
U.S
Baltimore and Ohio
Central of Georgia
Chicago
Burington
Quincy
Rock Island
Pacific
Green Bay
Mexican Central Consolidated
Northern Pacific
Oregon
Peoria
Reading General
Third Avenue
Union Pacific
Wabash
Wabash Debenture
Colorado Fuel and Iron
Consolidated Tobacco
Foreign Bank Returns Decline Across Key UK France Financials
London reports Bank of England weekly data showing reserve down 276000 pounds and circulation down 25740 with bullion and other securities easing. Public deposits drop 11.628 million and government securities fall 1.5 million. reserve ratio to liability rises to 44.53 percent from 42.34. Paris notes a decline in circulation by 41.55 million francs as treasury activity shifts.
MENTIONED IN THIS ARTICLE
London
Bank of England
Bank of France
Treasury Ac
Money and Exchange Market Wrap and Rates List
Money on call opened at 6 percent with highs to 9 percent and last loan near 9 percent. Time money quoted 7.45 percent for short dates and 6 percent for six to seven months. Domestic exchange shows varied par rates across cities. bank clearings listed for New York Chicago Boston and others. Foreign money markets reflect London call money at 3 to 3.25 percent, with Berlin Paris and Paris exchange rates noted. Silver and gold premiums cited, along with government receipts and Sub-Treasury balance figures.
MENTIONED IN THIS ARTICLE
Belgium
Switzerland
Germany
Reichemarks
Holland
New Orleans
San Francisco
Telegraph
Boston
Charleston
Chicago
Cincinnati
Savannah
New York
Baltimore
Philadelphia
London
Berlin
Paris
Paris Exchange
Madrid
Lisbon
Buenos Ayres
Washington
National Bank
Sub-Treasury
Wall Street and Exchanges Foreign Trading Report
Foreign houses sold in the local market 3,000 shares as the London market opened. Details on brokers and price movements are summarized from the latest overseas trading activity.
MENTIONED IN THIS ARTICLE
Wall Street and Exchanges
London Mar
Weakness in iron disappears in weekly pig iron report
Rogers, Brown & Co notes market strength across the country with higher output expected at month’s start. While foundries run at or beyond capacity, demand remains robust, though German and foreign brands enter cargo orders with uncertain quality.
MENTIONED IN THIS ARTICLE
Rogers, Brown & Co
Rhine
Eastern Seaboard
Middlesboro
Eastern Steel
Bessemer
Wheat market ends bearish on crop report and weather
Chicago wheat traders reacted to a December government crop report with a bearish bias. Prices edged up modestly on favorable export demand and weak receipts. May opened at 76 3 4 c, closed around 77 c. December firmed to around 7 7 8 c. July near 7 c. Receipts lagged last year, with northwest cars light and heavy demand from Gulf and Atlantic.
MENTIONED IN THIS ARTICLE
Chicago
New York
Argentina
Liverpool
Russia
Patten
Gulf
Atlantic Seaboard
Ste
Also Mentioned on This Page
Outside Securities
American Securities Abroad
Ned
Amal
Nat of Mexico
Amca
Suny Central
Norf & West Ti
North Am Co
Peo
Penn RR
Balt & Ohio
Brooklyn
Bok — & See
CM & St P
HAL Chic Gt West
Hic & Nor W
Col & South
St L&isf
Consola
DAIS
Pen & Brg
Southern Flee
Als — & Hudson
Zena C &I
Texas & Pacific
Iy Hwans & TH Eh
TSH
Léew
Gen_ Electric
Twin c RT
Gt North Pl
Heck Valley
Sacknois Central
Vc S Realty & C
Kan City
US Steel
Louis & Nash
Met St Ry
Seserets
Manhattan Ie
Wis Central
Missouri
MK & T
At&s
Ri& P
Union Pacist
GRE& WD
Rsco
SOM Atchison
Sete Louis & Nashville
New-York Cera
Pennslvania
GM Southern Pacifican
United States Ee Aaa
Wat
Ent Ist Inc
Tame Adams
Nor & W
Inc
Do 3d Inc
Cc & O
Cc & T
Peo & E Ist
Do Ta Do Inc
Waseres
Rio G West
M &&pPpc
PW Se Ee
R & T Inc
M &O
Tex & P
Kcpfps
West Shore
Adams Express
Albany & Sus
Amar Copper
Am Steel
Amer
Am Tel & Cable
Am Tel & Tel
Amer Woollen
Ann Arbor
Ealt & Ohio
B'klyn Rap
Bklyn UN Gas
Buff R & Pitts
Butterick Co
Canada South
Aston
East Ill
West
Ind & Louis
Col Uel & Tron
Col & HC & Ir
del & Hudson
Deny & Rio Gr
Deny & South
Detroit Southern
Det United RR
Gen Chem Co
Ist
Toring Valley
Tilinois Ntral
Kana
Saclede Ga
Nw & Western
Long Island
Michigan
Minn & Louis
Kan
Texas
Nash & Chat Rm
Cme
Nat Biscuit
Fo & West
Ontario
Pacific Mail
Penn R R
Siabies
Peoria & East
Peo Gas
Oke
Tere Marquette
Pec Est L
Pullman P
Rens & Sarawise
Rome
W & Od
Rutland
St Jos & Gril
St L & San Fr
St Louis Southwi
Sloss-Sh St & Ir
Southern RR
Ny Stand Rope & T
Tenn Coal & Ir
Tol Ry & Light
Mead On Do Land Trust
Twin City
Union Bag & P
SONY
Union Pacific Ais
Ry Inv Co
UsSsciPpe
Wells Fargo
RT West Union Tel
Westingh
Wisconsin
Foreign Bank Returns
Money and Exchange
de Haven & Townsend
Wall St
Alkali Sewcesese
North Penn
Am Ry
Phila Co
Penn R R Co
Penn Steel
Cambria Steel
N J
Penn el Veh Co
Diamond Steel
Elec St Bat Co
Phila Elec Co
Phila R T
Elec Co
Phila & Erie
Fmt Park T Co
Sus Iron & Steel
Ae Ins Co
Lehigh
Tidewater Steel
Mtg U Cos
Marsden Lehigh Val
Union Traction
Gas Imp
a / Welsbach Co
P_Ry Co
Newark Pass
Union Trac
Consolidated Exchange Sales
Sale. L. Ape
Am C & m Oe
Balt & Onn
Col South Ar
Denn
Aw Erie
Hoek Valley
Central
Met Street
Ian Ae
Mo Pacific
SLO Norf & W
Styusa
Ibs
Wits A
Ns Cou Gas
L& S
South Pac
South
Texas Pac
Union Pacifi
Asod S Leather
West Union ST Th
Ing
Obareranamnes Best & He He
Chollar
Ao Comstock
Cal & V
Elkton
Hale
Isabella
Potosi
Sierra Nevada
Elena
Frederic H. Hatch
American Book Co
American Thread Co
Press Association
Soda
Soda Foun
Ray Barney & S
Borden
British Columbia
Chesebrough
Fea
Dominion Securities
Electric Vehicle Co
Empire Steel
Hackensack Meadows
Havana Tobacco
Herring
J. B. Stetson
Jas
Madison Square Garden
Montreal
Boston Copper
Mergenthaler Linotype Ts
National Enamel & Stamp
Pratt & Whitney
Procter & Gamble
Seaboard Air Line
Simmons Hardware
Mfg
Annas
Swift & Co
Tennessee Copper
Trenton Poteries
Trenton Potteries New One
Union
Tinton Switch & Signal Switch & Signal
Union Union Typewriter
A&o
Union ‘Typewriter
Universal Tobacco
Pisersal Tobacco
Shipbuilding
Wss R Shipbuilding
Westinghouse Air Brake
M&n
Worthington
Acker
Merrall & Condit
Ts&j
Barney & Smith
Brooklyn Ferry
Carnegie Steel
Pi A &O Grain Elevator Inc
Hoboken L
Me&n
Maine Steamship
T&t ' Im
Trenton Potteries
Texas & Pacific Coal
Union Ferry
Buffalo
Rochester
GAZ Canadian Pacific
Chesapeake and Ohio
Los Denver
Rio Grande
Maene
Evansville
Indianapolis
Jessens
Terre Haute
Miles le Caw
Savas
Kanawha
Miles Kereee
Teteece
National OF Mexico
Nn Eee
Elgin, Aurora and
Southern Traction
Southern Pacifi
Ase Tos
Saeeie Tarr
MIT
Gila Valley
San Ant Globe
Aransas Pass
Southern Paste
Clinton Gilbert
Wall-st. Es
Onano —— America
Cas
Isj&j
Sos American Exch
SM. &Naz
Astor National
Boery
Broadway
Bs& S. Butcers & Dr
Consolidated
Central Se
Century
Ase
Chatham
Chemical
Bim. J. Soo
East River
Eveeres
Equitable
Fourteenth Street
GM. &N
Gallatinee
K A & Co
Gansevoort
Garfield
M. Hoo
German-Amer
German Exchus& I
Germania
N. Greenwich
GM &N Mo Hamilton
Hanover Oseace
Irving
Sas
Jefferson
Wi&s
NY County
J. TM
North America
Oriental Seeee
Ws. & Pacific
Fee Park
Ps & J
WIL. & J. Phenix
Plaza Eesees
Riverside
Seaboard
Eenenee
Twelfth Ward
F. A
United N
Varick
Washington Hhs
Western
West Side
J. Yorkville
New-York
tEx
Ny&e
Mutua’ A
L & Tr
T Gas Co
Aaceea
Ind
Ipat & Pas
Pitts Con
Liz Col Gas
St Jo Gas
Denver
Ind NG
R. L. Day & Co
Nassausty
Bost & Albany
Boston & Me
Atlantic
Cireus
Arcadian
Bingham
Centennial
West End
Franklin
Osceola
Tel & T Co
T Co
Quincey
Tamarack
Meeg Westing
Wolverine
Avas
Dom Iron & Stl
U Son
Dominion Coal
Tracy & Co
Wall-st.y
Lake Street
West Chicago
Metropolitan
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