Sharp Stock Decline Pressures Steel and Copper Shares
New York stocks plunged sharply with heavy liquidation and widespread selling driven by speculators and fear of dividend changes. United States Steel common faced pressure amid dividend doubts at Amalgamated Copper, while other majors like Union Pacific Southern Pacific and Reading also fell. The market showed no clear catalyst, with bear operators coordinating a broad selling campaign and reports of trouble stories weighing on sentiment.
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
Amalgamated Copper Company
Lkely
United States Steel Corporation
Wall Street
Amalgamated Copper
Steel Corporation
Gary
London
Bank of England
Fox
Bear
Associated Press
United States Steel
Port Arthur
E. R. Chapman & Co
G. B. Chipman
New York Stock Exchange
American Tobacco
Atchison General
Atchison Adjustment
Atlantic Coast Line
Baltimore and Ohio
Sly
Brooklyn Eagle Transit
Central of Georgia
Central of Georgia Ist Inc
Central of Georgia 24 Inc
Central of Georgiad Inc
Chesapeake and Ohio
Chicago and Alton
S.aeely
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
Denver
Granda Securities Gs
REG Erie
BK Erie General
Hocking Valley
Betriey Japan Ou
Japan
Mexico
New York Central General
New Jersey Central General A. Oi
Northern Pacifc
Northern
B. Ee
Maryland
Wheeling
Lake Erie
Wisconsin Central
Lowe
B. Salen
Hiab
Adams Express
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
New York Central
Smelt and Refining
BOM
N. Y
Ontario and Western
Norfolk and Western
North American
Angconda Mining Company
Northern Facine
Atchteonics
Pacific Mali
Atchisan
Anantle Coast
St. Loui
Central of New Jersey
BEA
Chezapeake
Chio
BLY
Republic Stael
Republic Steel Aid
Northwestern
Rock Island Company
Reck Island Company
Ar Co
Slose-Shefler Stuel
Chicago T
T. Nfa
St. L
Ban F
Tennessee Corl
Texan and Pacific
Mig
Delaware and Hhidaon
Aoa
Toledo
Western
Del
Lack
Bt. L
Denver and
Rio Grande
P.u. al
Erle
United States Rubber
General Electric
United States Steel Ltd
Acolos -Carolina Chemical
Wheeling and
Lake Ericon
Jows Central
Iowa Central
W. B. Hibbs & Co
Bankers and Brokers
F Street
Chicago Board of Trails
Washington Stock Exchange
London and New York metal and grain markets mixed
London tin and copper prices slipped while iron and spelter showed mixed moves in London. In New York, wheat and corn futures firmed amid dull receipts for flour and inconsistent grain prices. nearby ranges and basis quotes feature London spot and futures alongside domestic grain, butter, eggs, and sugar prices in a broad market snapshot.
MENTIONED IN THIS ARTICLE
New York
London
Pol
Standard Foundry
Cleveland
Northern
Fouthern
Bonthorn
Baltimore
Wall Street Gossip on Union Pacific and Rail Stocks
Special to The Washington Post reports continued pounding of Union Pacific as markets weigh the cost of securities to complete payments for stocks acquired since June 30, 196. Rumors touch Delaware and Hudson and others while investors seek new capital. Brokers note aggressive declines by Western capitalists and banks offer low-rate loans as money conditions stay ample.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Union Pacific
Mahl
Interstate Commerca Commission
London
Bombay
Calcutta
Singapore
Papang
Hongkong
Canton
Mantle
Cebu
Shanghai
Yokohama
Kobe
San Francisco
City of Mexico
Panama
Washington
New
York
sgThe Bank
New York Cotton Market Quiet but Steady After Decline
New York cotton closed very steady with a slight advance after a volatile session. Opened barely steady down 2-6 points, active months fell about 5-7 points early, aided by bear pressure and Liverpool weakness, then rallied late as shorts covered and traders awaited weekly supply data.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
New York Stock Exchange
Washington
Board of Trade
New York
Jag
Nelling
Liverpool
Iverpool
Georgia
Alabama
Penny to get new line
Philadelphia January meeting of the Philadelphia and Erie Railroad board decides to surrender full control to the Pennsylvania Railroad in exchange for stock. Pennsylvania Railroad already holds a majority. Erie stockholders vote February 11 to approve the proposition. Piles cured in 6 to 14 days Paro Ointment guarantee 50c.
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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