Recovery in Stock Market Slips Into Close
Closing prices yesterday of principal active securities show modest gains or losses from Saturday quotations, reflecting a tentative recovery in the stock market. Net changes indicate slight softness in some issues amid cautious trading.
Wall Street Stocks Drift Then Rally Fails Amid Money Pool Talk
Stocks fell initially as selling pressure from out of town traders pushed prices toward Saturday's lows. A brief short covering rally followed, but a mid-morning decline resumed, with large losses in Missouri Pacific, Union Pacific, St. Paul, and New York Central. A later report that banks might form a money pool to lend on call money reassured sentiment, sending prices higher into a strong close. The pool did not loan, and Treasury policy signals suggested no immediate Wall Street relief. If a crisis looms, the pool could supply up to 50 million, though sources disagree on funding. Government trade data show November imports higher and exports lower than a year earlier, with manufacturing remaining strong but wheat and corn shipments lagging.
MENTIONED IN THIS ARTICLE
Missouri Pacific
Union Pacific
St. Paul
New York Central
United States
McKinley
Secretary of the Treasury
Wall Street
Tidi
Shaw
Money and Exchange Market News Snapshot
Money on call opened at 19 percent, with a high of 10 and a low of 4, closing at 4 percent. Time money quoted 7.5% for short dates and 6% for six and seven months. Commercial paper at 6% for short terms. Foreign exchange markets show a weak close with various bid and ask rates for cables and bank transfers. Domestic exchange notes regional discounts and bank clearings in New York, Chicago, Boston, and other cities, with substantial receipts and expenditures reported. Gold and silver markets note small premiums and London prices. Government receipts and Sub-Treasury balances summarized.
MENTIONED IN THIS ARTICLE
Frances
Reichamarks
Paris
Belgium
Switzerland
Germany
Holland
New York
Chicago
Boston
Baltimore
Philadelphia
London
Berlin
Berlin Exchange
Paris Exchange
Madrid
Idibon
Buenos Ayres
Washington
National Bank
Sub-Treasury
Clearing House
Sugar Prices Reduced and Major Corporate Moves
Sugar refiners cut prices by ten points to 4.85 cents a pound. United Box Board Company gains control of several selling agencies, ending duplicates in Chicago Boston New York Philadelphia and Cincinnati. Consolidated Lake Superior considers trust certificates secured by Algoma Steel stock. Western Maryland Syndicate final instalment moved to December 2. Exploration Company of New York declares a 5 per share dividend payable January 16. Denver Gas and Electric deposits extended to January 2 1903. Warren named treasurer of Erie and Kalamazoo Railroad with office at Lincoln Bank Building.
MENTIONED IN THIS ARTICLE
Ask
Adams Express
Albany
Amer Ag
Bate
Amer Linse Ims Hs
Amer
Nat
Mexi
Amer Smelsin
Amer Copper
Cc & F
North Am
North West
Haly
Pacific Maaz
Arm & Tr
Rock Island
Arbor
St P
Rubber Gow
Atchison m7
St .L
Baith& Ohio
Col & South
Pitt
Brunswic
Southern Pacific
Bu R & Pitt
Ore & Texas & Pacific
Evans
Hoek Valles
Nooo
Central
Inois Central
Steel Panex Rite
Ches & Ohio
Raw City
Doom
Tom de
Chicago
Alion Ae
Louis & Nash
MK & T
East
Manhattan
Missouri
Vic
West
Nyge&eel
Ind
Louis
Mi & St
At&a
Re & O
Oregon
el Ist
Fopc&c
Oo & L. Il
Coli & Southern
Chic & Alt &S
Penn
Sisnase
Suansois
Siana
Col & He & Jr
BR & Q
del & Hudse
M & St P
Deel Lack & W
iAm
Car & F
Sven Emt
Detroit
Thera
Ton & Ss F
Balt
Ohio
Brook Rap
S & Atla Co
Soo Col F & I
South
Canadian Pacific
Ches & Obio
Erie
Chi & Alston
Tien P
Ois Bono Tex & Pist Ss
Evans & TH
Col Fuel & Tran
Southern
Illinois Central
Seeee
Priss Ag
Hockir Valley Oe
Mo Kan & Tex
Lilitots Centre
NY Central
Eleo NY
Orfulk
West Side GS
Pennsylvania
Tho
Suisse
Lowantral Ms
St L. Southwest
Maree ST
Tenn Coal & Iron
Es & M
Texas Pacific Ee
Steel
Kan City
LS & M
Law L&wNn
Lagis & Nash
Wisconsin
Man Beach
Hom
Wis
Michigan
Minga & St Louis
Union Parcon
Neil Tra
Norfolk & Wes
lOntario
Pacific
Penn-R
Peoria
East Mt
Pere Marquette
Mobile
Jackson
Kansas
Do Pres
Pullman P
Quicksilver
San Francisco
Os al Bama Great Southern
Iron & Oo Iit
Cincinnati
New Orleans
Texas Pacific
Bos Rat
Rome W & Sasty
Wes Oy
Nav
Detroit United Railway
Rutland
St Jos & Gr I
Anon
L & San
St Louis South
Dale
Tenn Coal & Ir
Tol Ry & Light
Texas & Pacific
Do Land ‘Trust
Third Ave RR
Itel Peo
Tol St Ll. & W
Ee City
Union Pacifs
S Realty & C
Ieool Wells Fargo
West Union Tel
Westingh
Amalgamated Copper
Anaconda
American Ice
Atchison
Brooklyn Rapid Transit
Baltimore and Ohio
Colorado Fuel and Iron
Delaware and Hudson
First
Louisville and Nashville
Missouri Pacific
New York Central
Northwestern
Norfolk and Western
People’s Gas
Reading First
St. Paul
Southern Railway
Sugar
Tennessee Coal and Iron
Union Pacific
United States Steel
United States Leather
Republic Steel
Wabash
Western Union
United Box Board and Paper Company
Strawboard Company
Boston Strawboard Company
Boston
Manhattan Strawboard Company
New York
Philadelphia Strawboard Company
Philadelphia
Queen City Paper Company
United Box Board Company
Consolidated Lake Superior
Consolidated Lake Superior Company
Algoma Steel Company
Western Maryland Syndicate
Western Maryland Railroad Company
Exploration Company of New York
Denver Gas and Electric Company
C. E. Warren
Benjamin Knower
Charles Elliot Warren
Lincoln National Bank
Erie and Kalamazoo Railroad Company
Lake Shore and Michigan Southern Railroad System
Lincoln Bank
Outside Securities Stages Modest Recovery After Heavy Session
Market weathered heavy tone with fractional losses early and slight late gains. Northern Securities remained central amid varied moves. Seaboard Air Line preferred dipped near 2 percent, American Writing Paper preferred rose, Otis Elevator common reached 40, and copper shares showed irregular trading with several notable price shifts.
MENTIONED IN THIS ARTICLE
Seaboard Air Line Preferred
American Writing Paper
Otis Elevator Common
Virginia Coal and Coke
Tennessee
Montreal
Boston
British Columbia
Sts
Greene Copper
United Copper
Bay State Gas
Standard Oil
Hackensack Meadows
North American Lumber and Pulp
United States Steel
National Enamelling Common
American Can Preferred
Bonds Markets Report From The Day’s Operations
Government bonds showed a steady market with varying bids and asks across issues dated 1908 to 1967. Railroad bonds traded irregularly with par value sales totaling 5.14 million dollars, led by Atchison general 4s and several heavy names including Baltimore and Ohio prt x, Central of Georgia second incomes, and Union Pacific first and convertible 4s.
MENTIONED IN THIS ARTICLE
U.S
Atchison General
Baltimore
Ohio
Central of Georgia
Chicago
Burlington and Quincy
Rock Island
Colorado Fuel and Iron
Consolidated Tobacco
Wall Street and London Market Trading Report
London bought about a thousand shares of stock in this market and sold practically none. The purchases mainly covered short contracts. Final loan quotations are noted in the report.
MENTIONED IN THIS ARTICLE
Wall Street and Exchanges
London
Also Mentioned on This Page
American Securities Abroad
THE
Stock Exchange
Sil
York
Equiv
Soment
Atehiston
St Paul
Eriem Bis
Louisville & Nash
Allinois Central
Consolidated Exchange Sales
Best & Belcher
Hale & Norcross
Ophir
Poteast
Nevada
Money and Exchange
R. L. Day & Co
Nassaust
Bost & Albany
Boston & Me
Atlantic
Bingham
Fitchburg
Franklin
Tel & T Co
Ines
Dom
Parrot
Tel & T
Quincy
Tamarack
Westing Et
Wolverine
Tv S
Dom Ron & BS
Teweesado
Peaiaien Coal
Tracy & Co
Wall-st
Citeabe Street
Outside Securities
New-York City
Bronx
Columbia
Fourteenth Street
Hamilton Wee E
Mount Morris
Nineteenth Ward
Plaza Ethaneae
Ifth Ward A
Ward
Yorkville Avewaw
BOE Fidelity Ecenfere
Varick
Stott
Jefferson
Bank of Wash
United National
Brooklyn
Bedford
Broadway
Eighth Ward
Fifth Avenue
Billy, Em
ST Qoh
Nassau National Ben Oof
Tae
Sprague
Ceteeneases
First National
Jersey City
Hudson County
Neif
tDec
Pratt & Whitney
Procter &Gamble
Procter & Gamble
Quaker Oats
Quaker Oass
William E. Nichols & Co
Wall St
Securities Co. Counsels
Manhat Transit
Simmons Hardware
An-F
M & B Cop Co
Nat B
Cuba
Nat'l Sugar
Simpson-Crawford Co
Eee
Am Tobacco. Co
Mfg
Borden
Stan. Mill. Co
Stan
Mill
Rotary Motor
Camd & T
Até Y Trans
Ees
Camden Lamis
North Securities
Scious Elev
Switt &c Sterling Copper
Aes
Union Typewriter
A&o
Electro-Pneu
St Louis
Anéoo Federal
Gold Hill
Greene
S. Lumber Gueg Expl Co
St. L
Uw Ry
Tob. Co
S&s
Inter Marine
Va Coal
S. Glass
Wash Tr Co
Keystone Mag
Westinghouse Air Brake
White Knob
Worthington
Majestic
Walist
Laska
American Elevated Co
Amer Light & Trac
Valley Co
Aberdeen Co
American Brass
Press Association
Soda Foun
American Thread Co
Fe&a
Bliss BE. W. Co
E. W. Co
Fireworks Co
Chesebrough
Chesebrough Mtg Vv 40 460 Chic. R. R_ Ter
Ma&nas
Fa&a
Water Co
J&i
Empire Quicksilver
Empire Steel
Empire
Empire S. Sugar
Gorham
Hudson River
A&d
J. B. Stetson
Lanston
Maine S
Maine S. S
Madison
M&wn
National Cereal Milling
National Enamel & Stamp
National Enamel & S. N
Bess. Penn
Ferry Companies
Walheut
M. Do
D. Forny Nyen
Atlantic Ave
Bulyn Heights
Bklyn B & W
T& W
Bklyn
Newtn
Bklyn Crosstown
Coney Island
Calvary Cem & G
Lorimer
Grand St
Jamaica & Bk
W & FT
Eae Sea Beach
M&n
William FE. Nichols & Co
J &J
Eeneese &Vo
M & St
Ry Co
Stock
Petas
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