Stock declines as heavy selling hits market in brief
Stock prices mostly fall with heavy selling by speculators as Southern Railway, Erie and Amalgamated Copper spark fears of new capital raises. Despite turmoil, key rails and papers show pockets of support while London rates ease and U S banks report weekly gains amid tight money markets.
MENTIONED IN THIS ARTICLE
Southern
Erie
New York Stock Exchange Bond Quotes January 194
Furnished by ER Chapman & Co with manager G B Chip tan lists listed bonds across major issuers and markets. Entries include American Toneco and Anochego issues, Atchison adjustments, Central of Georgia, Chesapeake and Ohio, Chicago and Alton, Chicago Duritoxton and Quincy, C and St Louis, Colorado Industrial, Cuba, Erie, Japan certificates, Adams certificates, Manhattan consol gold, Mexican Central, Minneapolis and St. Louis, Missouri Pacific, Reading, St Louis and Iron Mountain, Wabash, Union Pacific, and other rail and utility debentures and government bonds with bid offers and settlements.
MENTIONED IN THIS ARTICLE
New York
ER. Chapman & Co
G. B. Chiptan
New York Stock Exchange
Toneco
Onseco
Alchisoh
Atchison Adjustment
Atlantic Coast
Itimora
Ohio
Baltimers
Brooklyn Rapid Trenalt Central
Georgia
Gcentral
Georgian 24 Inc
Central of
Southern da
Cuba
Beater
Rio Grande
Distiers' Securities
Erie
Erie General
Hooking Valley
Japan
Jspao
ADAM
Ouleville
Noahvtl
Manhattan Consol Gold
Mexlean Central
Mexican Central
Minneapolis
Bt Louis Southwestern
Seaboard Air Line
Southern Pacific
Tnt
Southern Railway
Texan Nd Pacific
Toledo, St Louis and Western
Union Pacific
United States
Stee Wabash
Maryland
Wheellpg
Wisconsin Central Ds
Adisenemees cortiMestes
New York ST
Salen
C.B
C.B. Jadems
Hanses City Southern
Amalgamated Copper
Cangas City Southern
American Car and
Boundry
Lawlevite and
Nashville
Borkbo
Minnneapolis
St. Louis
American Cotton OM Pfa. Soc
Sault Ste
American Eixpreg
Bt P
Norfolk and Western
BBC American Teb
North American
Anaconda Mining Co
Northern Pacific
Ubt
Atelmeo
Pacific Mall
FIM BT
Atchinon Pia
Jtgo
Pennayvania
Tae
Baltimore
Pittsboro
St. Lescis
Baltimore and
Brooklyn
Canadian Pacific
Centrel
Fonso
Central of New Jersey
Chesapeake and Ohio
Bax
Sibax
Republic Steel
Chicago Great Western
Chicago and
Northwestern
Rock Island Co
Chicago
Mal and St. Fa
ISGR
Chicgo
Slaea Sheffield Steel
Southern Cifle
FIAT
Colo
Southern Ta Ptt
Tennentee Corl and Iron
Texas
Pade
Delaware
Hadeca
Beistasiats
Toledo
Stl
Weet
Sea
Sty Dal
Lack and
West
SCO
St. TL
W. Pla. Bla
Denver
Flo Grande
Union Packie
Denver and
Dvintilieret Securities
United States Express
Aox
United States, Steel Staten Rubber Ptd
Great Northern
United States Steel
Hocking Valley
Virginie Carolina
Chemical aBial
Minoty Central
Carolina Chemical
Interborough-Metropolit
Bite
Interborough
Wabash
International
Walle Fargo
E ‘International
Westinghouse Electric
Western Union
Wheeling and Lake Erie
Iowa Central
Wisconsin Central
Hows Central
Wisconsin Cestral Pfd
Bose Cokers
Fatreet
New and Washington Stock Exchange
Wall Street Gossip on Southern Railway Bears Market
A Washington Post note from New York on January 16 reports bears twisting President Finley of Southern Railway’s statement to justify selling. The selloff centers on Southern stock and a prominent banker’s illness, with strength seen in Harriman issues and Allied copper. St. Paul, Northwestern, and Union Pacific routes affect trading as brokers seek calls and routes. Strong rail stock issuance follows, yet broad market weakness persists amid bull arguments that trigger selling.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Southern Railway
Hile
The
Southern
Wall Street
Erie
Erie Company
Chicago and Northwestern Railway Company
Amalgamated
Northern
Northern Pacific
St. Paul
Southern Pacific
Union Pacific
London
Bank of Engand
Finley
Harriman
Amalgamated Copper
Pennsylvania
Baltimore
Ohio
Northwestern
Chicago
Pacific Coast
Western
Unison
Great Northern
Rock Island
Aitchison
Stock Market Notice From York Exchange Bankers
Market report received by W. B. Hibbs & Co bankers and York Stock Exchange Chicago Hoard of Train shows trading activity and financial updates for the period.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
bankers and + York Stock Exchange
Chicago
London and New York metals markets update
New York reports a 1s advance in London tin with spot 189 and futures £90. Locally tin at 41.25 4L. Copper in London down with spot £108 and futures £108 12a. Locally copper firm with Luke 24.00 24.75 electrolytic 24.25 24.50 and casting 34.00 24.25. Lead unchanged at 6.10 6.25. Iron higher in London. US notes mixed local quotes for foundry iron levels No 1 Northern 25.25 28, No 2 Northern 24.75 25.95, No 1 Southern 26.00 26.60, No 2 Southern 25.00 26.00.
MENTIONED IN THIS ARTICLE
New York
London
Standard Foundry
Cleveland
Hittla Flemer
Foundry Northern
Foundry Southern
New York Money Market Snapshot January 16 1924
New York on call money ruled at 8 percent bid 2 percent offered at 2 percent. Time loans for ninety and sixty days near 6 percent. six months 6 percent. Prime merchant paper 6.5 percent. Sterling exchange firmer with bankers' quotes around 4.8529 for demand and 4.8149 for sixty-day bills. Posted rates 4.81 4.82 and 4.55. Commercial bills 4.25. Bareliver 68 1/2 percent Mexican dollars 82 percent. Government bonds steady, railroad bonds irregular.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Bankers
Otis
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Ing Butte Co
Itsa
Cumberland Ely
Greene-Cananes
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International Mercantile Marine
International Salt A Mackay Company
Iy Mackay Company
Nevada
Mitchett Mining
Tennenco Copper United
Washington Railway
National Safe Deposit, Savings & Trust Co
Cor
New York Ava
U.S
Merchants & Mechanics’ Savings Bank
E.R. Chapman & CO
N. Y. Stock Exchange
Broadway
Washington
F St. NW
G. B. Chipman
Washington Stock Exchange
Washington Railway and Electric Co
United States of America
District of Columbia
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Brown Brothers & Company
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A. Whit, Herron
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John T. Crowley
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Irwin B. Linton
Colin H. Livingstone
William H. Saunders
James ¥. Shea
George B. Walker
Nathan Wallerstein
G_ WEEDON
Hoge
T. Hendrick
Bowie Chipman
H. Lynn
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H. Saunders
First’ Vice Press
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Cashier
C_WEST
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Thos. S. Hume
W. B. Hibbs& CO
York
Henry Clews & GO
14Th Street
H. Agnew
Rodka
Fisk & Robinson Bankers
Cedar Street
State Grvest
Boston
11Th St
N. W
Norfolk Railway and Light Co
Norfolk
Norfolk and Portsmouth Traction Company
Norfalls
Berkley
Portsmouth
John L. Williams & Sons
9Th and Main
Richmond
F. H. Smith Co
Q Smith
K. D. Latimer
C. F. Nesbit
New York Ave. N. W
Continental (Fire) Insurance Co
San Francisco
DEE Ales Jas
A. Marvin & CO
E. Quincy_Smith
Alvin M. Lothrop
John B. Siaman, Jr
Deckson H. Ralston
Khobel
Union Savings Bank
Fourteenth St
Easy
Swartzell, Rheem & Hensey Co
Warner Building
United Copper Company
Stanley Gifford
Campbell-Hudson Co
H ST. N. W
Frank Kane
RM. Miner & Co
Philadelphia
No Delay Jeans
Meierll & McLeeam
Rnatic, Banking Corporation
G Street
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aarTha Bank
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Gold Divide Mining, Milling and Tunnel Company
Uficer
Jenkins & CO
Cella Commission Co
Ghesley & Spence
Gelorado
Batleing
Soon Mele WE
Tech
Maio
Francis R. Dooley & Co
Becky
Punt Ber Yeate
Harrison Realty Company