Drop in stock prices and Erie finances dominate market news
Special to the Washington Post reports a bleak stock market with widespread pessimism. Atchison directors face a dividend decision, while copper and gold exports stir activity. Erie Railroad faces a potential $17 million payment and mounting debt, as labor trouble and large stockpiles influence sentiment.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Atchison
Morrow
Poser
Calumet and Arizona Mining Company
Chicago Union Traction Company
Logal Financial Market Notes From Yesterday
Local stock exchange activity showed little change with no major incentives or new moves. Gas stock rose to 63 but failed to boost bullish sentiment. several banks held bid prices while only marginal inquiries appeared for Commercial National. Dividends payable today include Columbia Railway, Mergenthaler Linotype, and Capital Traction among others. Col Henry F Blount returned from California trip and appeared hale at American Security and Trust.
MENTIONED IN THIS ARTICLE
Peéra
Bank and Trust Company
American National
National City
Commercial National
National Savings and Trust
Columbia Railway
Anacostia and Potomac
Mergenthaler Linotype
Capital ‘Traction
Norfolk and Washington Steamboat
National Metropolitan Bank
Farmers and Mechanics’ National Bank
District of Columbia
Col
Henry F. Blount
American Security and Trust Company
California
Adams Express
Baransas City Southern
Amalgamated Upper
Laurae
Nashville
Capital Traction Fis
Car and Foundry
Mexican Centra
Minneapolis and St. Louis
Washington Railway and Electric
State
Cotton Oi Pte
M. St. P. & Sault
St P
Ste. M
Capital Traction
Amerman Exprex
Missouri Pacific
Washington Railway
Kansas and
Texas
Mistouri
Kans
Tex
Bag Mitchell Mining
Otpra National R. A
Potomac Fire Insurance
New York Central
N. Y
Ontario and
West
Norfolk and Western
Hefny
Pfa
Ington Railway and Electric
Luger Re
Tobacco Pfil
Anaconta Mining
STM
Attyaind Northern Pacific
Washington Railway and Electric Preferred
Atchison
Pennsylvania
Brag Day's Stock Exchange
Dallimore
Ohio
Pitteburg
Baltimore
Washington Gas Co
Brooklyn Rapid Transtabe
Pullman Palace
Cer Ind. Ca
Canadian Pacific
Central of New Jersey
Snc
Central i
Anacostia and Potomar Fs
City and Suburban
Chesapeake and Chia
Republic Steel I
Columbia Railroad
Chicago Great Western Ai
Republic Steel
Northwestern
Rork Island Co
Chicago
Rock Island Co
Prt
Metropolitan Railroad
Mil
St. Taul
Washington
Trans
San F. Ad
West Louis
St. Louis
Louis Southwestern
Potamae
Q Steel
Folk End
Washington Steantert
Colorado Fuel
Southern Pacific
I - Chesapeake and Potomac
Colorado and
Southern
Washington Market Co
Nto
Southern Railway
Tevas and Pacific
Dex
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Com
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Sr L
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Aj Lory
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Decline in Prices Drags Down Major Stocks and Rails
The markets fell broadly with heavy declines in Bris stocks and Erie shares. Erie common dropped from 13 to 13, first preferred from 33 to 24, second from 22 to 17. Pennsylvania rail earnings showed large cuts, underscoring efforts by leading railroad systems to curb operating expenses amid a general price drop.
MENTIONED IN THIS ARTICLE
Kent
Marina
Tremer
Eria
Erie
Eristount
TISES
Pennsylvania
Pittsboro
New York Money Market and Farm Prices Across Markets
Credit balances and shipments reported for Oil City and nearby, money on call advances in New York with rates and bills, followed by beef, veal, sheep, and hog receipts and prices. Chicago and Baltimore market notes detail cattle, hogs, and poultry prices, while Wheat, corn, oats, and futures activity show declines and cautious demand across major exchanges. indicators point to softer grain prices and steady to firm meat values.
MENTIONED IN THIS ARTICLE
New York
Eacy
Prime Mercantile
Sterling Exchange
Mar
State
Pennsylvania
City
South America
Rio No
Santos No
Cordova
Traders weigh Erie prospects amid coal strike rumors
In New York eager traders focus on the Erie Railroad amid reports of coal region disruptions and financing hurdles. Analysts note Erie’s strong suburban freight and passenger base, but warn that fuel shortages could constrain operations and profits, influencing broader market sentiment.
MENTIONED IN THIS ARTICLE
Erle
The
Erie
New York Central
Pennsylvania Lines
Lackawanna
Eric
New York Cotton Market Steady with Day’s Net Rise
The rotten market closed steady with a net advance of 6 to 9 points. Daily sales reached about 175,000 bales as the market opened up 1 to 4 points and later fluctuated. Southern spot markets were unchanged to slightly higher, while temperate Southern weather and larger Southwest acreage tempered long buying. July showed strength over May, but demand concerns and hedging fears limited gains before a late easing. In Washington cattle, markets listed for CATTLE hogs sheep lambs calves and cows with price ranges per hundredweight across categories.
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New York
Chicago
Marsi
Kansas
Minneapolis
Quinth
May
Shorts
Ati
tNew
Mar
Liverpool
Manchester
Washington Cattle Market
Ruling Affirms Federal Jurisdiction Over Missouri Rail Rates
Judge Smith McPherson in Kansas City holds federal courts have full jurisdiction over Missouri 2-cent passenger fare and minimum freight rate cases. The decision upholds railroads’ challenge to state enforcement, allowing review of whether fixed rates are remunerative. Frank Hagerman, attorney for the railroads, noted unknown next steps.
MENTIONED IN THIS ARTICLE
Hadley
United States
McPherson
Kansas City
Mar
Smith McPherson
Missouri
Frank Hagerman
Railoads
Waiters Open Fine Club in New York City
Special to The Washington gta reports the International Geneva Association waiters club opening at 143 West Forty-fourth Street. A $20,000 remodel created a four story brownstone with a cafe and restaurant in the basement. The club hosts a library music room and assembly hall on the main floor and will have lunches for guests and suppers for hotel and restaurant employers to fund sick benefit efforts. Local and London markets on metals and grains are also noted with mixed activity. Obituary notes Jesse Morrison a former scout known as Jimmy Morrigan died by his own actions in Reno Oklahoma, 1843 birth in Orange County, N y.
MENTIONED IN THIS ARTICLE
Washington
Gta
New York
West Forty-fourth Street
International Geneva Association
Waiters’ Club of
Club Row
Fifth Avenue
Broadway
Harvard
Yale
Alpha Delta Phi
City
The
Lambs
Association
North German Lloyd Excursion to Far North
North German Lloyd opens a cruise on the Grosser Kurfuerst to the Northland Iceland Spitzbergen and Norway. The ship offers wide decks electric lighting single rooms suites and elaborate dining. Trips begin June 27 from Bremen returning July 25 with stops for shore excursions.
MENTIONED IN THIS ARTICLE
Lloyd
Northland
Irceland
Spitzbergen
Norway
New York
Plymouth
Bourg
Bremen
Falia
Court will hear Jackson in Hamilton Bank case
Grand jury results in the Hamilton Bank inquiry will not reach Governor Hughes or the legislature until Jackson is heard. Judge Foster denied delaying action and refused to expunge the grand jury request. Nathan Vidaver faces two indictments for attempted extortion of former Hamilton Bank president William Montgomery, with Vidaver held on five thousand dollars cash bail.
MENTIONED IN THIS ARTICLE
New York
Mar. &L
Willam
Jackson
Hamilton Bank
Nathan Vidaver
William R. Montgomery
Vidaver
Gillette Brain Deemed Normal by Jefferson Doctor
At Auburn New York grave service for Chester Gillette, executed for Grace Brown murder, drew observers despite secrecy. Dr E A Spitzk of Jefferson Medical College testified Gillette's brain was thoroughly normal with a heavy weight and normal measurements. The burial at Sole Cemetery followed a sermon by Rev Henry McIlravy as Gillette’s family sang three hymns.
MENTIONED IN THIS ARTICLE
Philadelphia
Chester E. Gillette
E. A. Spitzk
Jefferson Medical College
Grace Brown
Fig Moose Lake
Gillette
Chester Gillette
Auburn
WN. Y
Sole
Henry Mcllravy
Toy
Cleaning House in Ohio
Gov Harris asks the Ohio assembly for immediate, thorough and impartial investigations of every state office, department, board, and institution. He urges passage under suspension of the rules of a bill creating a commission of respected state figures, balanced by party, appointed by the governor with senate approval.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Harris
Ohio Assembly
Senate
Three Children Die In Fire In Wilkes Barre Area
In Hughestown near Wilkes Barre Pennsylvania on March 1 three Jematis children Joseph Mary and John were burned alive in a home fire. The mother had locked doors while she shopped and neighbors failed to enter as flames engulfed downstairs rooms. The bodies were removed as the mother fainted and the father had died weeks earlier.
MENTIONED IN THIS ARTICLE
Washington Post
Wilkesbarra
Joseph
Mary
John Jematis
Hughestown
Morse Solvent in Bankruptcy Case Proceeding
Judge Holt sustains Morse demurrer to bankruptcy petition filed March 13 but grants ten days to amend. Morse argues that petitioning creditors Hanna Pringle and Shotwell have no provable claims and that he did not induce them to buy or sell National Bank of North America stock.
MENTIONED IN THIS ARTICLE
Messrs. Pringle
Shotwell
National Bank of North America
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Els 31%d. the Local Market Was Unchanged, With No. 1 Foundry Northern
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