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
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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