Sharp drop in prices as Wilson speech weighs on stocks
Quotations fell across the New York Stock Exchange with 2 to 4 point losses amid a bear mood. Copper and steel led declines as traders reacted to President elect Wilsons banking remarks. Telephone shares slipped on reports of a government probe and Union Pacific and Southern moved with the market as bonds weakened. Total par sales were 2,190,000 with United States 3s off 1 quarter to 48 1/8 on call.
MENTIONED IN THIS ARTICLE
Chicago
New York
Stock Exchange
Vist
Wilson
Tiwan
London
Bears
Coaleis
Harriman
Union Pacific
Southern
United States
W. B. Hibbs & Coo
New York Stock Exchange
Bente Futon Stock Exchange
Chile
Board of Trade
Wall Street Gossip and Market Movements Report
New York stocks show United States Steel near December lows while Amalgamated Copper and American Smelting lift modestly. Union Pacific St Paul Southern Pacific and Reading show scattered gains as copper pricing shifts end the peg policy. Pennsylvania Railroad line traffic totals rise with 2,005,912 cars. St Paul directors plan a 15 million convertible bond sale at par amid market weakness and St Paul stock dips from 16 to around 113.
MENTIONED IN THIS ARTICLE
New York
St. Paul
Washington Stock Exchange Sees Strong Interest in Bonds and Utilities
Unusually large attendance at Washington Stock Exchange indicates active demand for bonds and utility stocks led by Washington Railway and Electric and Chesapeake and Potomac Telephone. Trading shows strong bid levels on rail and gas issues with notable sales including $11,000 of bond at 41-2 and 103 on Riggs Realty.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Washington Railway and Electric
Riggs Reyalty
Ong
Chesapeake and Potomac Telephone Fs
Columbia Railway
Anacostia and Potomac” Consolidated
Fea
Washington Railway and Electric Preferred
Olene Washington Gas
Commercial Nationer Bank
Boston Closing Prices in Cotton Market Action
The cotton market eased and unsettled in New York with active months dropping to new lows as liquidation and pressure spread from Southern arrivals. Closings were steady near the day’s lows, with last prices down 12 to 17 points from highs.
MENTIONED IN THIS ARTICLE
New York
Washington Stock Exchange Market Highlights
Regular call notes show various securities at mixed prices including Riggs Realty 6a, City and Suburban Ge, Washington Railway and Electric 4s and 94, Capital Traction 16, Graphophone common and pfd, and multiple bonds from Potomac, Columbia, and Gas companies. After call, Anacostia and Potomac and Columbia Railroad notes traded near par. miscellaneous bonds and type stock activity also reported.
MENTIONED IN THIS ARTICLE
Riggs
Washington Railway and Electric
Capital Traction
Washington Railway and Electric Pfa
Baty
Bato
Washington
Anacostia and Potomac
Columbia Railroad
Co. & P. Telephone
Washington Gas
Capital Traction Co
Anacostia and Potomac Site
Columbia
Mort
Columbia Railway
Mount
Potomac Electric Con. Mort. Be
Larket Co
Lergenth
Linotype
Zauston
Banks to Make Changes Amid Annual Directors Meetings
Several national banks holding their annual stockholders meetings plan to replace out-of-town board members with Washington figures to strengthen banks. The Union Savings Bank also eyes a directorate shift, with other institutions including Washington Loan and Trust, Park Savings, Union Trust, United States Trust, McLachlan Banking, Real Estate Title, and insurance and railway firms in Rosslyn and Alexandria also meeting today. District Title Insurance Company’s directors were re-elected, with changes anticipated. Washington Title Insurance Company also re-elected its old board, with officer elections due Thursday.
MENTIONED IN THIS ARTICLE
Annwual
Washington
Union Savings Bank
Washington Loan and Trust Company
Park Savings Bank
Union Trust Company
United States
Trust Company
McLachlan’ Banking Oporation
Incuranc’s Company
Great Fally and Old Dominion Railway
Ompany
Rosslyn
Colonial’ Beach Company
Alexandria
the Home Building Association
National Savings and Trust Company
Woodbury Blair
Montgomery Blair
Lincoln
Walter C. Clephane
Lewis P. Clephane
Marshel
Lincoln’s Erection
William V. Cox
Matthew Emery
Georges Howard
EB. Francis Riggs
Victor Kauffmann
Holland Tells of Profit Earning of Some of New York Banks
New York, Jan. 38. Testimony before the Pujo committee discusses how the First National Bank and others increased earnings and surplus after the 1873 crisis. George F. Baker, long a leading banker, is highlighted for his methods and concentration of control, with references to the Chemical Bank and Wall Street influence. The piece notes Baker’s influence on American banking and contrasts growth with Britain’s loanable capital, mentioning appointments to the First National Bank board and expected reelecting of officers.
MENTIONED IN THIS ARTICLE
New York
Jay Cooke
George F
Baker
Pujo
Ful-Nursig
Washington
Waa
Fort Sherman
City
John Sterman
Chemical Bank
Wall Street
Morgen
Great Britain
London
Statisticians
England
First National Bank
William Shompenn
Thompson
John Thompson
First National
James Stillman
George G. Reynolds
Forgan Brothers
Chicago
Untermyer
United States
E. H. Harriman
Commodore Vanderbilt
Copper market notes from The Metal Market NY Jan 13
Copper prices show weakness across standard spots and futures with 16.76 for standard spot and 16.30 for January. February and March quotes around 16.20 to 16.70, electrolytic at 17-12 to 17.37, Lake copper 17.26 to 17.60, and castings at 17.00. Arrivals reported 1,855 tonnes while London copper steadies with spot £72 158 and futures £73. Tin sales quiet at 5 tonnes with No 1 Northern and No 2 Northern ranges. No 1 Southern figures around 13,359 to 19.0 and soft 18.25 187. Cleveland warrants f$a 3d in London.
MENTIONED IN THIS ARTICLE
New York
London
Northern
Southern
Cleveland
Lordon
Philadelphia Markets Report Butter and Cheese Prices
Philadelphia markets show steady butter with Western creamery extra at 3, nearby prints 34, then bogs lower with Pennsylvania receipts at 30 per case. EQ steady with New York full cream fancy 196184, mull cream fair to good 17174, part skim prices listed.
MENTIONED IN THIS ARTICLE
Philadelphia
Western Creamery
Pennsylvania
New York
Oil Quotations From January Readings In Oil City
Partial data shows credit balances at 2.06 with June and average figures around 106 377 and shipments near 191 087. Markets in North Lima Indiana and other points show price quotes such as 1 38 in North Mia and 1 22 in Lima with related notes from January 13 and January 18.
MENTIONED IN THIS ARTICLE
Oil City
North Mia
Lima
Indiana
Money Market and Bank Dividend Theories
New York money on call steadies at 2 percent with bids at 1 percent and offers near 3 percent. Time loans ease to 60 and 30 days at 4 percent and six months at 4 percent. Prime mercantile paper quoted around 4 1/2 to 5 1/2 percent. The article discusses a large dividend by First National Bank and the rumored use of surplus to purchase securities, speculation about asset liquidation, and comments from New York bankers and the Pujo committee era.
MENTIONED IN THIS ARTICLE
New York
First National Bank
Clearing House
Baker
Pujo
Holland
Live Stock Markets Across Cities Report Mixed Trading
Chicago market receipts reach 38 000 cattle and 51 000 hogs with declines in hogs and higher sheep. New York and Baltimore show scattered gains. cattle and calf values vary by region with alate January trade noting weaker dressed beef and steady lamb prices.
MENTIONED IN THIS ARTICLE
Chicago
Jan. IL
Texas
Western
New York
Westeras
Baltimore
Market Tower
New York Grain Market Mixed as Supply Signals Firm Prices
Grain prices in New York opened barely steady then firmed on modest rise in visible supply and export sales of 20 loads. Wheat futures closed lower. May at 1.00 1 16, July 98 1 16. Corn and oats showed firmness. receipts and shipments detailed, barley noted as ready.
MENTIONED IN THIS ARTICLE
New York
Duluth
F. Bute
New York Produce Prices Across Dairy and Grain Markets
New York market report lists butter, cheese, eggs, flour, and meat prices. Creamery butter ranges various values, eggs show steady receipts, and cheese and lard prices hold with limited movement. Freight and packing stock figures appear amid state and regional dairy notes, with Piney West and nearby Pennsylvania markets cited.
Also Mentioned on This Page
American Smelting and Refining Company
Phelps, Dodge,& Co
Amalgamated Copper
Pennsylvania Railroad
Wabash
Harrisburg
Alta
NEW York Stock Market
Local Financial
Continental Trust
N. Ry
Amer
Sm. & Et Pe
New York Central
W. H. Cooper
Lehigh Valley
Les
Wanes
Amer. Agricultural
Louieville & Nashville
American Beat Sugar
Mackay Cos
UGK
Modim
St. P
St. M
Amer. Car & Foundry
Kansas & Texas
American Cotton Oil
Missouri Pacific
Trust &Company
Am. Sm. & Raf
Ont
West
Lam Lehnox
Thomas H. Melton
Luke
American Tobacco
Northern Pacifi
James Trimble
Anaconda Mining Co
Pacific Mail
Vafreeee
Pacific Tel
Tel
Atchison Pid
Atlantic Coast Line
Peonle’s Gas
Baltimore & Ohio
Erage and Co
CG. & Au L
Bethlehem Steel
Soos
Pittsburgh Coal
Brook
Pfa Sort
Nathan B. Scott
Hille, Sheets, Thom
California
Strasburger, Allan
Walken Geaee
Gt. Western
Republic Iron & Steel
Mil
Sol
N. W
Soo
Rock Island Co
China
Rock Island Co. Ptd
H. G. ‘Davionon
Darema
Colo
Moist L
Wiliam
Henry
P. T. Moran
Consolidated Gas
Seaboard
Air Line
Warnenland Er
Zender
Seaboard Air L
Ptd
Tennessee Copper
William T. 01Brie
Pfa
Texas & Pacific
Bates Warene View Renidene
Oh Urge Sy Aes Hee
Estonia
Douglas
Frank
Inion Pacific Pfd
United States Realty
U. S. Rubber
International Pump
Kansas City South
Apae Laclede Gas
Southern Railway Pfd
Scott
Charles W. Warden
Ice Securities
National Biscuit
Delaware & Hudson
Slosa-Sheffield
United States Steel
S. Steel
Pta
Utah Copper
Cata. Chemical
Interborough-Met
Inter.-Met
Pfo
SoCjInter
Harvester
Inter-Marine Pl
al International Paper
Janna Wa
Ad Pac
Colorado
Tielaware
Fludeon
Denver
Rio Grande
Treasury
Taterborough
Inter Met Marine
Terea
Japan
Kansas City
Wake Shore
Ouieville
Nashville
Missouri Kan
Rus of
Mexico
Ole N.H
Bartford & cv
Orfolk
National Banks
Norfolk and Western Co. S
Philippine Treasury
Northern Pacific
Southern Pacific A. Ae
Southern Pacife
Southern Barific RR
Southern Railway
Lnion Pacific
Amiattt
Ua Os
Virg Car Chemical
Acked
Adams Express
American Steel Foundry
Anglo-American Eh
Braden
Tebaces
Chicago Subway
Giroux Consolidated
Greene-Cananer
Hollinger
Intercontinental Rubber
Aquete Lake la Rose
Uv Coal Sales Co
Mason Valley
Manhattan Transit
Marconi
New
Marcon
Nipissing Mines
Standard of
Yukon Gold
United Cigar Stores
United Cigar Stores Ptd
Boston
Baltimore Securities
Elgin
Galveston
Nat
Gross
Bates
New Orleans
Charleston
Wilmington
Norfolk
Copper Range Gen. Co
East Butte
Franklin New York
Granby Consolidated
Greene Cananea
Mohawk Philadelph
Nevada Consolidated
Texas City
Araneae Pi
North Butte
Bronewick North Lake
Taekoonwlll
Old Dowinion Od
San Francisco
Uteh Consolidated
Houston
Utah Copper Co
Aujust We
Ateady
Memphis
St. Louis
Little Rock
Great Britela
Frances
Continent
National Bank of Baltimore
Coal House
Houston Gil
K. O
Wat
United Vs
Elec. Inc
F. R. Dorr
District Title Insurance Company
Thirteenth Street
Ola
Charles G. Allen
Arthur G. Bishop
Myer Cohen
Charles A. Douglas
George F. Hane
Alexander T. Hensey
Fred McKee
William F. Mattingly
Theodore W. Noyes
Harry M. Packard
E. Southard Parker
Ernest L. Schmidt
Bestor BR. Walters
Joseph I. Weller
Washington Title Insurance Company
R. W. Beall
H. Braafey Davidson
Daniel Fraser
Union Savings Dupre
Fourteenth Street
R. A. Goodman
Cockrell&Co.mercantilé Agency
Re Union Credit System
Haltimore
Natronar Insurance Company
B. J
Julian H. Grubb
General Life
Romer Ney
Arthur C. Moses
James F. Oyster
Wiliam H. Saunders
A. G. Clapham
Ernest J. Clark
A. ©. West
James Sharp
Claude W. Fletcher
H. J. Grubb
Charles D. Dugie
Albert Shulters
Merrell P. Callaway
Bugne F. James
Ww. Preston Gibson
Mr. James
Mr. Gibson
U.S
NEW York Grain
Acconna
Pennsylvanie
Heanery
State
Pennsylvenia
Fennery
Maddie West
Rio No
Santos No
Cordova
Sigady
Bermuda
Bor
Long Island
Borie
Jersey
Virginia
Marsland
Penneylvania
West Sirginia
Brocka
Maryland
Ohio
West Virgina
Ldepiz
New Kore
U. S&s
Citizens Savings Bank
G Street
Washington& Southern Bank
J. Selvin Tait
Oranvent
Carl H. Pforzheimer
Hread St
N.Y
Svea En En
Wash. Gris Light Co
General
JAS, B. Colgate & Co
Kem St
Washington, D
Bietz & Co
Moodward
Conus
Eibbs
Amtali
Ith
N. Y
Ave
District of Columbia
Vie
Jeitheukel
Ion
Real Estate Trust CO
Aid
National Metropolitan Bank
Fifteenth Street
U. S&s. Treasury
Aizes
Comcrdix
Bondo
Swartzell, Rheem & Hensey Co
Fifteenth Street NW
Newspapreikfl
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