Sharp Drop in Stocks Causes Broad Market Slide
New York reports a day of sharp declines across many equities led by United States Steel and Amalgamated Copper shares. Heavy selling by speculators and widespread liquidity concerns propelled the fall, with prices near year lows and a rush of trading volume as financials, rails, and industrials dropped.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Union Pacific
Southern Pacific
Atchison Common
Reading
St. Paul
Northern Pacific
Great Northern
Pennsylvania
United States Steel Common
Canadian Pacific
Bank Clearings and Commodity Prices Report
London tin and copper eased while lead and spelter held. iron and foundry prices mixed. In New York Baltimore wheat and corn futures rose amid dull overall receipts. butter and cheese steady, eggs firm at 2 cents.
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New York
London
Pol
Standard Foundry
Cleveland
Northern
Fouthern
Bonthern
Baltimore
Wilmington
Norfolk
Boston
Stoas
Philadelphia
Memphis
Lewis— Dull
Cincinnati
Louisville
Great Britain
Continent
Japan
Atoll
France
Wall Street Gossip on Union Pacific and Railroad Trade
Special to The Washington Post describes continued heavy trading in Union Pacific amid rumors of new capital needs to fund stock acquisitions. It notes potential stock issues or short-term notes, mentions Delaware and Hudson, New York Central, Chesapeake and Ohio, and Northern railroads. The piece links market decline to rumor mongering and Western capitalists, with details on liquidity, money markets, and low-rate loans for industrial collateral.
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London
Bank of England
Fox
Wall Street
Bear
Associated Press
Widesprad
United States Steel
Union Pacific
Port Arthur
New York
E. R. Chapman & Co
G. B. Chipman
New York Stock Exchange
American ‘Tobacco
American Tobacco
Atchison General
Atchison Adjustment
Atlantic Coast Line
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Ohio
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Brooklyn Eagle Transit
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Central of Georgia Ist Inc
Central of Georgia 24 Inc
Central of Georgiad Inc
Chesapeake and Ohio
Chicago and Alton
S. Seely
Chicago
Burlington and Quincy
Pacife St.r
Ory Chisagy
Pacife HH
Col. Bact
C. C
Colorado Industrial Ge
Perles A. Wiez
Colorado Midland
Colorado
Southarn
Cuba
Distilers
Denver
Ro Granda Securities
REG Erie
BK Erie General
Hocking Valley
Betriey
Japan Ou
Japan
Louisville
Nashi
Manhattan
Mexico
New York Central General
New Jersey Central General A. Oi
Northern Pacifc
Norfolk and Western
Oregon Short Line
Pennsylvania
Reading General
St. Louis and
Iron Mountai
St. Lola
San Francisco
St Louis
Seaboard
Southern Pacific
Southern Railway
Texas and Pacite
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St Tau
Western
Union
United States Steel Escoad
B. Ee
Maryland
Wheeling
Lake Erie
Washington Post
Mahl
Interstate Commerca Commission
Delaware and Hudson
New York Central
Lowe
B. Salen
Hiab
Adams Express
Amalgamated Copper
Kansas City Southern
Car and Foundry
Lowlayilis
Nashville
Ama
von Oly
Minneapolis
American Cotton Oil
St. P
Ste. Bl
American Express
St P
Ste M. Ptd
Misouri Pacific
American Ice Securities
Missouri
Kenzay
Texas
Mfo
Kangas
Texan Ptd
Rylan
Nat. R. R. of
Prat
Smelt and Refining
BOM
N. Y
Ontario and Western
North American
Angconda Mining Company
Northern Facine
Atchteonics
Pacific Mali
Atchisan
Anantle Coast
Baltimore and Ohio
St. Loui
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BEA
Chezapeake
Chio
BLY
Republic Stael
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Rock Island Company
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Reck Island Company
Ar Co
Slose-Shefler Stuel
Chicago T
T. Nfa
St. L
Ban F
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Mig
Delaware and Hhidaon
Aoa
Del
Lack
Bt. L
Denver and
Rio Grande
P.u. al
Erle
United States Rubber
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Ith St
New York Ave
Benning Road
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Washington
New
York
sgThe Bank
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Treacatsy Eatate
Trust Smeer
Gold Divide Mining, Milling, and Tunnel Company
Treasury
Tte
Summit
Park Counties
Tight Sun
N.C. Upham
Gold Divide Mining
Broadway
Cola
New York Cotton Quiet After Mixed Trading Day
The New York cotton market ended very steady with a small advance as buyers covered shorts. Opening declined about 2 to 6 points amid pressure from Liverpool cables and large receipts, while late session buying supported prices close to the best. Exports remained very heavy, near record levels for the crop year.
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W. B. Hibbs & Co
New York Stock Exchange
Washington
Board of Trade
New York
Jag
Iverpool
Georgia
Alabama
Pennsylvan ia Railroad to Acquire Philadelphia and Erie
Philadelphia January meeting shows the Philadelphia and Erie Railroad to shift full control to the Pennsylvania Railroad in exchange for stock. Pennsylvania Railroad already holds a majority and operates the line. Erie stockholders vote February 11 on the proposal. Paro Ointment advertises 50 cents with promised cure times for piles.
MENTIONED IN THIS ARTICLE
Philadelphia
Philadelphia and Erie Railroad Company
Pennsylvania Railroad Company
Pennsylvania Railroad
Philadelphia and Erie Company
Pennsylvania
The
Erie Company
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National Safe Deposit, Savings and Trust Company OF
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Thomas Nes
Charles E, NY Man
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