Stock Market Slump Dampens Gains As U S Steel Drops
Global market mood turns wary on British cabinet crisis with widespread selling. United States Steel falls 1% to 87% while Anaconda Copper and Mexican Petroleum show mixed moves. Anglo French notes cap losses as London trades pull demand lower and Russian ruble weak. total market turnover about 5.87 million dollars.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Lauder
Anaconda Copper
London
United States
Holland writes of aid by U S bankers likely to boost trade
New York reports bankers favor US financial backing for Mexico amid signs of restoring orderly government there. Analysts say Mexico could see renewed industrial, mining, and agricultural activity, with large capital investment. Alaska is seen maintaining and increasing gold output as modern mining plants expand.
MENTIONED IN THIS ARTICLE
New York
Mexico
United States
C. P. Huntington
American International Corporation
New York Money Market Snapshot
New York money market reports show mercantile paper at 3 1/3 percent, sterling day bills 4.69, demand 4.734, cables 4.744, France demand 5, cables 6.88, marks 769-1 cables 6 1/2, guilders 4 3/4, rubles 1, cables 3 1/4, Mexican dollars 4 1/2. Time loans quoted firm for 6 days at 4 3/4 percent, 90 days 2 1/4, six months 2. Call money steady at 2, last loan 2, closing bid 13 1/2, offered at 2.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
France
Live Stock Markets Contrast with War News in Snowstorm
Chicago and New York markets show higher hog receipts and steady cattle values while New England freight embargoes from a fifteen hour snowstorm disrupt manufacturing and rail service. The storm damages the New Haven signal system as freight and war order deliveries face delays and costs rise in war-related transport.
MENTIONED IN THIS ARTICLE
New England
New Haven
Cambridge
Europe
Holland
Local Stock Exchange sale a noon call report
Potomac Electric consolidated 5s 1000 at 99 dollars ended at 99 percent. Washington Gas 25 at 75 25 at 765 10 at 76. Lanston Monotype 20 at 75 20 at 75 8 at 75. Graphophone common 6 at 137 Graphophone preferred 10 at 142. After call Washington Gas bs 500 at 106 Potomac Electric consolidated 58 1 1000 at 99 1000 at 99 Washington Railway and Electric 4s 1000 at 81 Capital Traction Railroad 6s 92000 at 107.
MENTIONED IN THIS ARTICLE
New Went Dea
American Tel. and Tel, Co
Armour & Co
Atchlaon Gen
Twitson
Theatre Coast Line Con. Se
Baltimore and Ohio
Bethlehem Steel
Rooklyn Transit
Central of Georgia
Central Pacific
Chesapeake and Ohio Res
Chesapeake and Ohio Co
B and
Quincy Joint
Chicago
Uhlerge
B and Quincy
Chicago Great Western
Unicagy, Mil
St. P. Ev
Chictzo Mil
St P
Thica
Inspiration Copper
UBS Interborough Rapid Transit
Trterborough-Met
Dtus
Kansas City Southern
Taggett & Myers
Lantasitevnik
Wosaouri Pacific cv
Newark Central
New York Central
New York City
New York State
New York Railways Naj
Noy,nh and Hartford Co
Norfolk and Western Co
Northern Pacific
Northern Pacific Ja
Oregon Short Line
F Pacific
Southern Railway
Texas Company
Texas and Pacific
Avenue
Union Pacific Ds
Union Pace
United States Rubber
United States Steel
Virginia-Carolina Chemical
Wabash
Western Union Dtaa
Weatlinghouse Electric Ev
Salee
Potomac Electric Consolidated
Washington Gas
Lanston Monotype
Washington Gas Bs
Washington Railway and Electric
Capital Traction Railroad
Ind
Georgetown
Col. Gas
Col
Capital Traction Co. Bs
P. River R. R
P. River
Guar. S
Metropolitan
Wash. Ry
Elec
P. Con
P. Telephone
Tel
Mkt. Co
Sto’se
W. Steamboat
Rigga Realty
Riggs Realty
Capital Traction Co
Wash
Bjec. Com
District Commercial
Farmers and Mechanics
Federal
Lincoln
Riggs
Washington
Trust Company
Amer. Sec. and Trust
Nat'l Savings and Trust
Union Trust Company
Wash. Loan and Trust
Continental
Home Savings
Commerce and Savings
East Washington Savings
Arlington
Corcorante Org
Firemen’s
National Union
Columbia
Chapin-Sacks Co
Paper Mtg. Co
Graph
Washington Market
Treasury daily condition report shows deficits and asset totals
United States Treasury daily balance notes a net general fund balance of 108,932,906.88 with total assets 201,268,523.71 and total cash assets 201,268,523.71. It lists receipts 2,249,508 and payments 1,594,096 along with deficits for the current year at 48,986,652 and last year at 56,430,098 exclusive of canal and special transactions.
MENTIONED IN THIS ARTICLE
United States Treasury
Corre- Yore Sestecerdars
Treasury
United States
Federal Reserve
Banka
National Bank
Federal Reserve Banks
Philippines
Treas
Wall Street Notes On Erie Earnings And Other Business
Erie Railroad shown 67 million gross and 20 million net earnings for year ending December 31 1914 with a 22.5 million net through operations in 1915. surplus atop fixed charges. Southern Railway four months fiscal year total 1 524 998 vs 1 288 841 prior year. Anaconda Copper Mining declares 1.50 dividend per share for February 28 and trades shown with Utah Copper and U S Steel. Net earnings for Colorado company noted with no dividend.
MENTIONED IN THIS ARTICLE
New York
Erie
Southern Railroad
Anaconda Copper Mining Company
Anaconda
Utah Copper
United States Steel —— Common
Colorado
American exchange hits record high in London market
American exchange rates rose to 4.74 percent in London today, the highest point yet. Market experts foresee further gains to 4.76 or 4.77 percent when factoring in insurance and shipping costs, possibly curbing further gold shipments to the United States.
MENTIONED IN THIS ARTICLE
London
United States
Chicago Grain Markets End Year With Mixed Wheat Setback
General year end profit taking pressured wheat while May and July futures showed uneven draws. Cash grain quotes ranged with No. 2 red wheat around 1.10 to 1.25 and corn and oats fronts posting modest declines. provisions held near prior closes as traders closed up accounts for the year.
MENTIONED IN THIS ARTICLE
Chicago
Washington Market News Shows Mixed Stock Activity
Local financial notes report Washington stocks showing mixed movement with limited demand for Washington shares at 74 bid and 76 sale. Laws item sold 75, 66 shares traded. Capital Traction bid 87% after brief rise, Graphophone and Potomac Electric fluctuated. NYSE to publish dividends in dollars rather than percentages to reduce confusion.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Washington
Laws
Washington Railway and Electric Securities
Capital Traction
Local Produce Market Prices and Poultry Listings
A compressed snapshot of market prices for poultry dairy and produce including hens and turkeys by pound or unit, New York State factory cheese, butter from Elgin, eggs from Virginia and Western regions, and a wide range of vegetables and green fruits with per unit or per bushel rates. Key items include turkeys at 22 27 per lb, hens 15 16 per lb, New York State factory cheese at 1 73 1 75, and California oranges at 3.00 3.25 per box.
MENTIONED IN THIS ARTICLE
New York State
New
Elgin
Tub
Virginia
Western
M. C
Florida
California
New York
New York Cotton Market Firmness Lifts Near Positions
The New York cotton market showed strength in near positions led by March which rose to 12.44 and closed at 12.41, up several points from last night. The overall market closed steady with a net advance of one to seven points, with January at 12.19, March 12.45, May 12.63, July 12.78, and October 12.47.
MENTIONED IN THIS ARTICLE
Jhigh
Alaska Gold M
Alaska-Juneau
Lehigh Valley
Mackay Cos
Allis-Chalmers
Man, Beach
Allis-Chal
Bey
JodjAm, Ag. Ch
Manhattan
Maxwell M. Ca
Amer
Can
May
Car & F
Cotton
Tho Bay Bay
Patrol. Pf
Amer. H. & L
Miami Copper
Minn
8. L. Pf
Amer.ice Sec
3.S.M
Amer. Linseed
Kan, & T
Amer. Loca
Amer. Loco. Pf
Nat. Bio. Pf
Amer. Smelt
Net. Enam
Am. Smelt
Nev. C
Am. Steel
N. Y. Air Br
Amer. Sugar
N. Y. Central
Amer. T. &T
Amer. Tobacco
O & West
Norf. & South
Tob
Norf. & Weat
Amer. Woolen
North
Pacific
Amer. Zine
Ontario
Pacific Mall
Atchison
Pac Tel
Tel
Atchison Pf
Penn, R. R
Mexico
Phila. Co
Baldwin Locé
Bald, Loco. Pf
Pitts
South
America
Batopllan Min
Beth, Steel Pr
Pall. Pal. Car
Quicksilver
Burns Bros
By. Steel Sp
Brunswick
Ray Con
Butte & Rup
TIM
Rep
I. & Steel
England
Canadian Pacific
Rock Island
Leath
Consol
Alaska
Seaboard A. L
Sloss 3
Sloss
I Pd
Chi
Gt. West
South. Pacific
Chile
Studebaker Pd
Coto. F
Tenn
Texas & Pacifica
Decrepf
Texas Co
del. & Hud
Third Ave
den. & Rio Gr
Union Bag & P
Dome Mines
Union Pacific
Dist. Securities
U. C
Elec. Stor. Bat
U. Dry Gds. Pd
United Fruit
Eris Ist Pt. Bry
United Ry. Inv
U. Ry. Inv
S. Rubber
Greene C. Cop
S. Rub
Guggen
D. S. Steel
Car. C
Inter. Met
Va. Iron C. & C
Inter. Con
Wabash
Har. N
Wab. Pd
Har. NJ
Har. Corp
West. Mary
Aqfjinter
West
Westinghouse
Int
Nickel
Woolworth
Woolworth P
Kan
Kan. C
Willys
Lack. Steel
Willys Over
Lake TE. & W
Wisconsin Con
New York
New York Grain Prices and Futures Report
Spot wheat varies with No 1 durum at 1.38 and No 1 northern Duluth at 1.30. No 1 northern Manitoba 1.29. Buffalo futures weaker at December 1.30 cents. Corn spot steady No 2 yellow 8.514 cents. Oats spot steady.
MENTIONED IN THIS ARTICLE
New York
E B
Duluth
Manitoba
I. T
Buffalo
British Embargo Retaliates Over Jamaica Dyewoods
The British embargo on exporting Jamaica and British Honduras dyewoods is described as retaliation against U S manufacturers accused of raising logwood extract prices to British and Canadian buyers. The Commerce Department notes 4700 tons await shipment in Jamaica while US imports total about 20 000 tons annually with two thirds from Jamaica and British Honduras and the rest from Haiti.
MENTIONED IN THIS ARTICLE
Department of Commerce
Jamaica
British Honduras
United States
Haiti
Wheat as State Monopoly Contemplates Hungary
London reports Count Tisza, Hungary's premier, weighs making wheat cultivation a state monopoly amid financial collapse fears. The Budapest post warns the plan could drive national ruin, while ex-minister Szterenyi condemns it as a dastardly, revolutionary act if enacted.
MENTIONED IN THIS ARTICLE
London
Tisza
Bank question carried up to Supreme Court
M. C. Emiott counsel for the Federal Reserve Board announced that the board will seek final determination from the U S Supreme Court on whether national banks may act as trustee executor administrator and registrar of stocks and bonds under the Federal Reserve Act The Illinois State Supreme Court ruling denying these rights to banks in Illinois would not affect the board's position
MENTIONED IN THIS ARTICLE
M. C. Emiott
Federal Reserve Board
Reserve Act
Supreme Court of the United States
Elliott
Illinois State Supreme Court
Freight Blockade Eased By Railroad Embargoes
New York officials report freight congestion relieved by embargoes with a marked improvement expected within a week. The Pennsylvania Railroad and New York Central indicate increased activity, and the New York Central hauls about 1500 carloads daily through the harbor, up 500 from a year earlier.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania Railroad
New York Central Lines
New York Central
Harbor
Baltimore Markets Stock and Prices on Oats and Farm Produce
Baltimore reports market activity and prices for oats, poultry, butter, and eggs. Elevator stock totals 61 315 bushels with shipments 91 854. Chickens, hens, roosters, ducks, pigeons, and geese listed with per pound or per unit prices. Butter and eggs priced by grade and region, including creamery and dairy prints.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Virginia
Pennsylvania
West Virginia
Southern
New York Produce Prices Diary Dec 23 192x
New York reports steady to unsettled prices across dairy and poultry. Butter receipts total 8 152 while eggs show mixed values from extra fine to near firsts. cheese prices hold firm with several variations in state whole milk flats and current make. Poultry dressed items command 14 to 27 for Western chickens and fowls, with turkeys at 24 to 27. Flour ranges noted between spring patents and winter straights. Meat markets show pork steady and beef quiet with lard steady.
MENTIONED IN THIS ARTICLE
New York
Hennery
Kansas
The Metal Market. New York Dec 28 Prices
The market reports electrolytic tin at 22.00 to 25.0 and copper futures at London around 95 pounds 15 shillings. Spot tin quoted near 39 pounds with bids and futures near 167 to 169 pounds. Antimony at 126 pounds.
MENTIONED IN THIS ARTICLE
New York
Cnchan Wed
Washington cattle market details and price shifts
Washington cattle market reports mixed prices with dressed and heavy cattle noted, lambs and sheep listed. Market news from Philadelphia shows butter eggs cheese steady, wheat lower for No 2 red and December futures, corn steady and oats firmer with white oat prices quoted.
MENTIONED IN THIS ARTICLE
Philadelphia
Oil Quotations From Oil City Pa December Credit Balances
Oil City Pa December 28 report shows credit balances at 2.15. Shipments in car average 81 769 runs 60 163 average 65 195.
MENTIONED IN THIS ARTICLE
Oil City
Safest investments are first deeds of trust notes in DC
The firm Swartzell Rheem Hensey Co offers first mortgage deeds of trust as stable, nonfluctuating investments in real estate located in the District of Columbia. These notes are independent of individual or corporate financial risk, exempt from taxation as personal property, and available from $500 upward. Send for booklet Commercial Loans and Investments.
MENTIONED IN THIS ARTICLE
District of Columbia
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