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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Apr 19, 1905

Page

11

Drop in stock prices blamed on Northern Securities slide

Across New York markets a historic decline in security prices was blamed on a sensational drop in Northern Securities stock. Theories ranged from transfer book closings to borrowing and forced sales, but the core fact remained: lack of market support for Northern Securities triggered broad selling in Union Pacific St Paul New York Central and other equities amid renewed Wall Street speculation and a wary outlook for railroad consolidation and earnings.

Market snapshot with bonds cattle hogs and lambs prices

Niewera per HICHHE. The foregoing quotations are the same as those received daily by W. B. Hibbs & o., bankers and brokers. 1419 F street, members of NYSE, Chicago Board of Trade, and Washington Stock Exchange. New York April 18. Money on call steady 2 2 1 per cent closing bid 2% offered at 3. Time loans easy and dull 60 days 90 date and six months 3% Prime mercantile paper 404%. Sterling ex change steady with actual business in bankers. Government bonds. All grades of cattle in good demand. Hogs in liberal supply and market easier. Choles deep and spring lambs steady. Undergrade spring lambs very dull. Calves in fair supply market active especially on top grades. CATTLE Extra per cwt 6 750 good butcher 5 00476 25 ordinary 3.00 3.50 rough Log 2.60 HOGS Per cwt gross 5.0 5.7 Krona 4.504 4 75, SHEEP Wool per cwt 5.00 5.50 clipped 3.50 4.50 LAMBS Choice per Ib 8, medium 6% 7, common 5%, spring fancy light CALVES Prime per Ib 13, medium 7 3 com- Toon 5% Iran 4 4% ordinary

W. B. Hibbs & O F Street New York Stock Exchange Chicago Board of Trade Washington Stock Exchange New York Sterling Exchange Iran

Wall Street Style Bond List Shows Wide Range of DC Firms

A dense ledger lists Washington Railway and Electric issues, United States Electric Light debentures, Capital Traction, and multiple bank and trust holdings with varied prices and dividends. Notable entries include Washington Railway and Electric common and preferred, and rates for American Security and Trust, Union Trust, and Metropolitan Railroad securities, alongside a closing quotation snapshot for District of Columbia bonds and local stocks.

Washington Railway and Electric Washington Gag United States Mediriv Ligit Looo Copital Traction SiPha Washington Railway and Flectric Washington Railway and Electric Common Washington Mergenthaler Lanston Greene Copper Washington ‘Railway and Electric Common SCV District of Columbia Philippine Land Purchase Capital Traction Railroad Metropolitan Railroad Columbia Railroad City and Suburban Railroad Anacostia and Potomac Bs Washington Railway and Wiedriede Washington Gate Company United States Electric Light Chesapeake and Potomac Telephone Washington Market Company Potomac Fleckle Light Safe Deposit and Trust National Safe Depost and Trust Washington Loan and Trust American Security and Trust Washington Safe Deposit Union Trust Company Washington Savings Bank Hama Savings Bank Capital Traction Washington Railway and Electric Preferred The National Bank Commercial Bank of Washington Metropolitan Citizens Cantral Columbia Capital American Traders Linroin Riggs Insurance Firemen's Franklin Metropolitan Corcoran Potomac Ariington National Union, Ag People's Columbia Title Chesapeake and Potomac Washington Gas Georgetown Gaz Mergenthaler Linotype Lanston Monotype Greene Consolidated Copper Washington Market Norfolk and Washington Steamboat Realty Appraisal and Agency Company

Wall Street speculation clouds Northern Securities rout

Special to The Washington Post reports a chaotic New York market with a sharp 15 point dip in Northern Securities on the curb, a rapid partial recovery, and a steep overall decline as bear pressure and alleged manipulation unsettle investors. It notes large holders liquidating, rising short interest, and volatile moves in Union Pacific, Northern Pacific, and Great Northern securities amid Western selling and cautious brokerage sentiment.

Washington Post New York Wall Street Stock Exchange Northern Securities West Chicago Whra Union Pacific

Market Rates Report With Mixed Treasury and Dollar Notes

Posted rates show demand at 4.8625 for 48620 and 4.8436 for 48440 with 0 day bills. Commercial Bills at 4.94 percent. Baratlver at 57 percent and Mexican dollars at 4444. Government bonds steady. Railroad honda irregular.

Railroad Honda

Market Fluctuations Highlight Washington Shares

Local financial activity shows Lanston stock rising on strong demand while Washington Railway preferred sales stall. General selling pressures push common stock down from 371-8 to 363-8, with 1,480 shares traded. Bonds remain in solid demand as Gas and Electric issues firm. Banking leadership changes noted as Watson resigns from Washington National Capital Bank and Harris leaves Union Savings Bank. American National Bank prepares new headquarters, Sun Building purchase hailed for growth.

Washington Railway Company Capital Traction George ©. Watson W National Capital Bank Union Savings Bank Watson D. Fulton Harris American National Bank Sun

Cotton market steadies after weekly crop report drift

Prices in New York and Liverpool moved higher on the week as covering and fresh buying emerged. The market held near recent highs with July futures briefly testing but not breaking, amid light holiday activity and expectations of firmer markets.

Clonee - Low Ask New York Liverpool Murs Jess Priven

Also Mentioned on This Page

Impany Northern Securities Company Aserch St. Paul Lito Orth Securities Waoetern Trans Burlington Nurthatin Fiat Arul Sottheti Union Pa‘fe Union PaliiHoe Great Vy Company Letser Thephese NEW York Stock Market Niewera Washington Cattle Market Rica Ameri Ped Sursey Lemarena Sui Hudson Dr. King Eris Erie Saul Electric Hootoe Valley Hocking Valley Hilnola Central International Pump International Jowa Central Iewa Central Kansas City Ste. M- 1 Minn, St Pta Missouri Pacific Missouri Kansan Tex Ut Mc Kan Ptd National Biscuit Ang Nat. RR. of Mexico Ptd New York Central Western Norfolk and Western North American Agi Pennsylvania Republic Steel Ta Bag al Blg Hock Inland Co Rock Island Coita Ty and Son F Pia St. Louis Bouthwestern Louis Southwest Southern Pacific Ati Southern Pacifi Ptt Southern Railway Tennessee Coal Feans Pacifc Bodgers Toledo Toledo United States Express United States Leather States Real United States Rubber United States Steel Carolina Chemical Y Carolina Chem Wells-Pargo Express Westinghouse Electric Western Union Wheeling and Lake Briasconsin UW S American Tobacco AU Son General Hvu Atlantic Coast Line Baltimore and Ghia Baltimore One Central of Georgia Atral of Georgia Wentral Isapeake Ohio Japan Louisville Nashville Manhattan Consol Gold Leyte Kansas Texas Microari Kangay National R. R of Mexico Consol New York Central General New Jersey Northern Pacific Northern Pacano Western Connel Oregon St Pennsylvania Big Reading General Lewis and Iron Mountain St Louia San Francisco St. Louis Southwestern Seaboard Air Line Southern Pacify Texas and Pacific Toledo, St Louis and Western Union Pactic Ts United States Steel 2d Maryland Wheeling and Lake Erie Wisconsin Central Mag Galveston Memphis Louis Cincinnati Loulaville Fo Iolday Bit Porisi Great Britain Consolidated Continent Mexico Great Northern Sun- Marly Great Northern Preferred William H. Leeds Hock Island Europe Leeds Rock Island Hook Island Amalgamated Copper Flower & Co Addison Cammack Commission House B. P. Snyder & CO Sage & CO Warner &C Jenifer Building 7Th and D Sts N. W Washington, D.C Special Department For Ladies Equitable Co-Operative Building Association Equitable Building John Joy Edson Ellis Spear Geo. W. Casilear Frank P. Reeside Local. Financial Fon Riggs Bank Merchants’ Transfer and Storage Co St. N. W France W. B. Hibbs & Co Banking Department of Union Trust CO Edward J. George BE Edsgn Blwagen Ge Tren Suber Stock, Grain and Provision Company Loring Doma 35Th G Sta.nw Georgetown D.C F. H. Smith Co N.Y. Ave Bond Exchange Riggstein PA Ave U. 5. Treasury Ernation Banking Corporation G Street Forelan Exchange Lewis Johnson & Co F St Ir Exchange Moore & Schley Washington Loan & Trust Co LTH STS Ant John A. Swope Andrew Parker Harry G Merm Boyd Taylor Sy Homas Bradley Orst Mortgage Steam Rat Stesudea Deenss Sorssee F. Ve Lisman & CO Mvelitiment Securiti Broad Street Ames Gstreet N. WL Greene Cui Greene Mulates Santa Juliana Square Guaynopla Copperompany Col. Greene Greese Consolidated Greene Gold-Siiver M. M. Parker ST. M Moyers & Co Wnh Fourteenth St. Ne Main ARTHUR _WALL Lynn Wall d& Co Adams Building Wade & Hedges M. J. Sage & Co Bteadway N.Y Atlantic Ladies’ Department Chesley & Spence Colorado Commercial National Bank 14Th Greene Consolidated Gold Company Broad St John H. Martin Bid Swartzell, Rheem & Hensey Co Warner Building Fig F Street Northwest Miller Miller & Company Broadway New Orleans Cofter Exchange NEW York Product Exchange KEW Ae Cotton Exchange Orleans Cotton Exchange John V. Barross Moore & Hill Wth Street Peete John W. Frank the Maclane Me Street Northweat North Vist American Express Co Traders National Bank Cornaristh ST VE Capital Acti Ag Trustes, &E Malo U.S Bates Washington Mortgage Loan Privata Warder Bldo STH Velaty Metropolitan Loan and Trust Co Street Mutual Loan LKING Orcuston Ubin Eve Henfore Planer Jones Potomac Guarantee F Street N Atlantic Halibtat American Loan Co 4Th ST NW Building and Loan Association Waica Wational Mortgage Loan Company ST. NW Newspa
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