Market Decline Lifts Reading Amid Wall Street Turmoil
In New York on Feb 2 the stock market fell after a sharp drop in Reading and other industrials, sparking speculative short covering and a recovering mood as investors awaited court rulings and federal policy. Advancers led by steel and railroad issues, with Nashville and Atlantic Coast lines notable among gains while Reading faced renewed pressure from ownership debates and transport rights concerns.
MENTIONED IN THIS ARTICLE
Washington
New York
Atock
Hawlagen
Lamidan
Supreme Coury
Unibet
Pennsonny
Reading Company
Wirtnea of
Green
Auhe
United States
Wall Street Gossips on London Market Rally and Reading Decline
Early London trading showed a sharp rally as American stocks advanced in foreign markets before New York opened. Reading led declines in a Tuesday session, with speculation about pool manipulation and broad sentiment that bonds and rail equities offered value amid easy money and anticipated refundings.
MENTIONED IN THIS ARTICLE
Reading
Washington Stock Exchange Quotation Report
The quotation list from Thomas L. Hume and Co shows Capital Traction stock at 117 and 117 for two blocks and 300 at 117. Washington Railway and Electric quotes include 44 for 1000 at 66 14 and 88 for 1000 at 88 with 2000 at 88 44. Potomac Electric Power 5 a trades at 102 34. Additional bids appear for Capital Traction 20 at 139 34 and 20 at 193 43. Washington By and Electric Company bonds show varied bids up to 4 75.
MENTIONED IN THIS ARTICLE
Thos. L. Hume & Co
Washington Stock Exchange
Capital Traction Sm
Washington By
Elec
Potomac Electric Cons
Capital Traction
Bilec. Com
London tin market slips amid varied world prices
The London tin market weakened as spot tin fell to 117d 108 and futures near 1131 while New York and other markets showed mixed readings. Livestock and dairy quotes across Toledo and New York remained active with cattle, calves, sheep, hogs, and eggs posted, reflecting firm but uneven demand.
MENTIONED IN THIS ARTICLE
New York
London
Stock Exchange Quotations Confusion Remarks
The text notes quotations received by W. H. Hibte & Co. bankers and by the New York Stock Exchange Chicago Board of Trade Washington Stock Exchange. It references the process of gathering quotations and the involvement of major exchanges in sharing price data.
MENTIONED IN THIS ARTICLE
T] Trade
Washington’ Stock
W. Hw, Hibte & Co
Bankers and E
New York Stock Exchange
Chicago Board of
Traction Stocks and Real Estate Sales Stock activity at local exchange and a Fairfax real estate sale
Traction securities moved with little price change as bids hovered around 21 percent and a 26 bid for 10 shares proved illiquid. Lanston, Capital Traction, and Mergenthaler traded with mixed results while a Fairfax Real Estate Corp sale to Thomas Hall highlighted a three story residence on Cah Heights. The Washington Gas issue drifted lower, and several row houses on Twenty-fifth Street in the city saw no notable bids beyond modest offers.
MENTIONED IN THIS ARTICLE
New York Stock Market
Wcusu
iCansas
Ity Southern
Feephone
Penns
Car and Foundry
Southern Pi
Car and Fay. Ptd
Loulevitter and
Mushville
Hss
Brremwater Linotype
Mackay Companies
Hide and Leather Ptd
Mackay Companies Ptd
Oly Lanston Monotype
American Ive Securities
Minneapolis
Toute
Commercial National Bank
American
Washington Ry
Elec
Ste
Missouri
Commercial ‘National Bank
Kano
Texas
New York Central
L.molamerican Tel
Tel
Rio Ani W
Norfolk
Western
Georgetown
Tabacco
Washington Gas
American Wooten
Pacific
Washington
Anaconda Mining
Sodla Teh Ton ‘ T
Duataj
Atchizon
Pennsylvania
Anacostia and
Potomias
Atlantic Coast Line
People's Gax
Uber Iox
Baltimore
Ohio
A and &T. le
Columbia
Baltimore and Ohio
Ray
Frullman Palace
Metropolitan
Brooklyn Rapid Transit
ATG
Washingtou Ry
Lee
Cangitan Pacite
Central
Ous
rollCentrad Lwather Pi
Republic
New Jersey
Republic Steel Pf
Potomac Bleetele Light
Nor
Wash
Steamboat & Toa
Kesapeake
OkLo
Rock Island Oee
Ches
Potomac Tel
Lou Alton
Rock Intend Co
Roy
Chiewga
Adol. and &. F
Emerson Steam Pump
Chicago
Alan
Yaa
Washington Market
Hicago
Northweate HL
MUL
St. Paul Hagtat
Stoce-Sherrorn
Tanta
Traction
Sonica
St. Louie
Tata
Southern Pacific
Polavade
Southern Pasoa
Southern Railway
Alex
Mt. Vernon
Aly Nor
Slomaboat
Colo
South
Waington Gas
Tiha Coto
Tennessee
Georgetown Gas
Consolidated Gas
Bell Telephone
Texas and Pacific
Aig
Delaware and Hudson
Thiedo
St. Louis
Denver
Rio Grande
Toledo
St. E
W. Wi
GBR
Mergenthaler Linotype
Denver and
Atsb Lanston
Te Secur
Union Pacific
Oul Distler 4A
Rte i Os
United States Rubber
Mitchell Mining
Ann Te Ln Ist Pt
Pia Porghiay Sane National Bank
Bicel
United States Steel Aid
Utah Copperaug
Va.Garolina, Chemical
Golombie
Olivers Cen
Caroling Chaml
I. Fle Gommerelai
Iay & Farmers and Mechanics
Ptd
Wabash Bid
Westinghuise Neetrie
Weatertt Union
Iss
Wheelng
Lake Brig. Rie
Lewa Central
Wiscourth Central
Trust Company
Saicland Te American Security and Trust
National Savings and Trust
Union Trust
Bae Bay Washton Loan and ‘Trust
Rgtates Trust
New York
Kington
Corcoran
Io Atchison
Atchison Gen
Franklin
Atchison
Atchison Bu
National Union
Potomac
Baltimore and
Brooklyn RT. Ev
Central of Georgia Ss. National Bank
Central of Georgia
Tral of Georgia
Mecson Sham
Chesapeake and Onion
Chicago and Alton
B and Q
Washington Maries
Pacific Tre
G. C
Colorado Industrial Ss. N
Treasury
Colorado Midland
The
National Bank
Colorado and Southern
New OR Ty
Enver
General Fund
Erlegen
National Ba
Hocking Vailey
Philippine
Interborough
Japan
Lake Shore
I Louisvile
Nashville
Manhattan Consol
Gol
Mexican Central
Mexican Central 1St Inc
Builfo
Indivi Ion Minn
Kansas
Kaw
National R. i. of Mexico
Consol
York Central
New Jersey Central
Northern Pacific Norfolk
Cansol- Penn
Republic of Car
San Francisco
Pa Southern Railway
St. L
Talon
Talon Pacific
S. Steel
Wabash
Western Md
Wheeling
Lake Reds
Wisconsin
Capital Traction
Ria
Stone& Fairfax Real Estate Corporation
Thomas Hall
Atory
Stan Bucla - Street
Cah Heights
Toailway
Hilectri Company
Inc
Kennedy & Davis
Nord
Cloge
Mary M. Freer
Story
Thirteenth, Street
Willige, Gibbs & Daniel
WMI
Harria
Oma Terrace
Grice
Imownes
Frances
Willard
Eill
Twenty-fifth Street
A. William ‘V. Mahoney
Moran & Goldenberg
L. B. F. Prince
Baltimore Market Summary for Wheat Corn and Oats
Baltimore markets show firm wheat with spot and future contracts. No. 2 red February 1.234 and March 1.23. May 1.92. Corn stays firm with spot contracts for February March May. mixed steamer and Southern white and fellow corn price indications. Oats report No. 2 white and No. 9 white price levels with steady receipts around 4,258 bush. Rye No. 2 Western export and other Western varieties noted with mixed bids.
MENTIONED IN THIS ARTICLE
Baltimore
Washington cattle market report with varied livestock prices
The Washington cattle market shows active cattle demand and strong lamb and calf activity for better grades. Hogs fetch 6.00 to 7.00 per cwt, sheep 3.00 to 5.00 per cwt, and calves high at 8.00 to 9.00 per pound for prime grades. New York money markets show steady mercantile paper at 3.0 to 4.0 percent and sterling at 4.65 to 4.87. Government bonds steady. European bonds irregular.
MENTIONED IN THIS ARTICLE
Goa
New York
Atoney
Calhony
Bird
Exdy
Prime- Mercantile
Sterling Exchange Edsy
Faliropa Honda
Argentina Gold Engagments Reach Ten Million Since January
New York Feb 24 The National Bank of Commerce engaged 300000 for Buenos Ayres as part of a daily gold move for Argentina. Heidelbach Skelheimer Co 9600, Bank of New York 250000, Kidder Peabody 250000 join in, bringing today’s total to 1700000 and cumulative gold engaged for Argentina to 10200000 since January.
MENTIONED IN THIS ARTICLE
New York
National Bank of Commerce Today
Gola
Buenos Ayres
Heidelbach, Skelsheimer & Co
Bank of New York
Kidder, Peabody & Co
Argentina
New York Grain Market Report Feb 24
Wheat receipts at 48 000 bushels with exports 50 889. Spot No 2 red at elevator 1 2 percent over. May 1.29 5 16, July 1.66 11. Oats receipts 34 509. Spot firm mixed oats and white barley steady. Rye quiet. Market news cites foreign demand lifting wheat, but with limited trading and no clear transactions in some grains.
MENTIONED IN THIS ARTICLE
New York
Livepool
London
Iutcher
Turkesa
Peninsylvania
City Extra
India
South America
Enbes
Bermuda
Tneropean
Verbar
Southern
New
Erate
Duluth
Newa Agen
Steel price cuts rock Chicago iron trade and rivals
In Chicago and Pittsburg steel markets, United States Steel Corporation cuts prices on shapes plates bars with hopeful further reductions. Independent firms respond by open-market sales while labor costs and price cutting trigger industry confusion and asset shifts amid negotiations and supplier adjustments.
MENTIONED IN THIS ARTICLE
Agenial
Wethington
United States Steel Corporation
Iron Trade Review
The
Iron Age
Steel Corporation
Pittsburg
Jead
Nervous New York cotton market ends near day’s high
New York February cotton trading was unsettled yet closed near the day’s top as gains briefly faltered on rumors of Southern meetings and soft South spot markets. After early irregularity, losses were trimmed with selling seen in old crop months and a late rally lifting prices to near last night’s highs. About 200000 bales traded as liquidation weighed on some houses amid weak steel trades and rainless Southwest conditions.
MENTIONED IN THIS ARTICLE
Washington Post
New” York
London
New York
Reading
Baltimore
Ohio
Charlotte
Manchester
Wall Street
July Wheat Leads Cotton Market Pulse in Mixed Trading
In Chicago July wheat futures surged nearly 7 cents as May holders shifted attention to the July option, pushing prices to intraday highs while cash wheat demand rose. Across markets, corn and oats showed strength with cash buyers active, soybeans mixed and hogs steady amid light provisions trading. Overall, prices ended firm near session highs as bulls, aided by shorts covering, dominated trading and cash demand remained robust.
MENTIONED IN THIS ARTICLE
Chicago
Texding Duftle
Orn
New York
Itu
New Orleans
Mablic
Europe
Charest
Witmnato
Baltimore
Philadelphia
Chippera
Cincinnati
Britain
Focal
France
Continent
Japan
Mexico
Great Britain
ONO
LI le Lols
Bs Bay
Ata
Rush for Argentine Loan Opens and Closes Quickly
The rush for Argentina’s $50,000,000 loan overwhelmed subscriptions, opened this morning and then closed immediately, underscoring strong demand from investors in London.
MENTIONED IN THIS ARTICLE
London
Train Fall Kills 25 in Ecuador Rail Disaster
A passenger train on the basin line bound north derailed and plunged 109 feet into a ravine near Rio Bamba Ecuador killing 25 and wounding 4. The crash was caused by a misplaced rail in the track.
MENTIONED IN THIS ARTICLE
Ecuador
Guayaquil
Basin Line
Rio Bamba
Federal judge weighs basis of offenses in Standard Oil retrial
In Chicago on 24, Federal counsel debated whether 36 freight settlements or each shipment alone should drive charges in the Standard Oil Indiana rebates case. John S. Miller urged the settlements as the basis, while District Attorney Sims argued every shipment is a separate offense, risking up to 10 million dollars versus 720 thousand.
MENTIONED IN THIS ARTICLE
Chicago
Fey
Federal Commission
Standard Qi
Indiana
United States
Anderson
John S. Miller
Sims
French tariff board Fiem seeks reductions on canned meats
Paris February 24 The tariff commission replies to criticisms of its proposed rise in duties on foreign goods noting the total increase will be half the surcharge France faced from recent foreign tariff revisions After review the commission agrees to cut duties on several items including canned meats but keeps its oil decision unchanged
MENTIONED IN THIS ARTICLE
Paris
Tariff Commission
France
Roosevelt Proclaims Reduced Tariff on Spanish Sparkling Wines
President Roosevelt issued a proclamation applying reduced duties under the Dingley act to imported Spanish sparkling wines. The schedule lists 6 per dozen for bottles up to one pint, 1.50 per dozen for one-half pint, and 1.90 per gallon for quantities over one quart, with rates varying by container size.
MENTIONED IN THIS ARTICLE
Roosevelt
Spain
Royal Trust Bank Merged Into Central Trust Company
Chicago February 24 An announcement states all Royal Trust Company Bank business transfers to Central Trust Company led by president Charles G Dawes. Patrons will close Royal accounts at Central in the morning. Central paid about 300 per Royal share, and gains include control of North Side State Savings Bank.
MENTIONED IN THIS ARTICLE
Chicago
Royal Trust Company Bank
Central Trust Company
Charles G. Dawes
Central
North Side State Savings Bank
Morning Headache Relief Promised by Dr Miles Pills
Samuel Keys of Eaton Rapids Michigan and Mrs Carl Heckman of Minster Ohio praise Dr Miles Anti Pain Pills for rapid relief from severe morning headaches. The ad claims the first package will benefit and if not, the druggist will refund your money.
MENTIONED IN THIS ARTICLE
Dr. Miles
Samuel Keys
Eaton Rapids
Mich
Carl Heckman
Minster
Ohio
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Sonmathet
Elas
Alan Nuar
Fosterdine
Trent
Neshville
Atlantic
Pasinis Into Tie Fo the Inouey
Meni
Harriman
Ides
Southern Pacifics
Seabie
Wang
Canadian Pacific
Thut
Washington Produce Market
Boston
Metal Market
Chin
North
Lima
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Virginia
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Larse
York Imperial
Ben Davie
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Cantlog &the Coalition
Ng Net
Sulwin
Re & Consolda
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Foundry
Northern
Tara Ol Ayie
Southern Sat
Muathera
Packie
Stot ‘ i Copper
Ryan Ec
Boshen
United States Treasury
Local Financial and Real Estate
Mergenthaler
NewararerHhi
Washington Cattle Market
NEW York Grain
Chicago Grain
Financial
B. Aibbs & CO
Securitiees
Ani
New - York
Hibbs
Union Savings Bank
Savings Bank
14Th Street
Exchange
Riggs Sake
PA. Ave
DU. S. Treasury
Standard
FIEM
Mecident
Dawes’ Bank
National Savings & Trust Company Cor
New York Ave
A. G. Plant & Co. Bankers and Brokers
14Th St
U.S. Treasury
Home Savings Bank
7Th and
Mass. Ave. N. W
W Ste NE
Tth St
Washington Circle
Weaver Bros
Thomas L. Hume & Go
F Street
Aix
Diatrice of Columbia
Wade & Hedges
S. H. Clarke
Consolidated Stock Exchange New York
Ouray
Jay
Goldfield
Stuart Ellis & Co
Maryland
J. Maury Dove Company Coal
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