Bank of England Seen Cutting Discount Rate to 3 Percent
Wall Street reports from New York and London indicate the Bank of England is likely to cut its discount rate from 4 to 3 percent tomorrow. London open rates fell to 21 1 4 and 23 8 percent, the lowest since May 1912. Market chatter linked Mexico turmoil to Southern Pacific, with stock dips tied to Japan’s stance on Huerta while no change occurred in the Illinois Central dividend at 5 percent.
MENTIONED IN THIS ARTICLE
New York
London
Bank of England
Wall Street
Southern Pacific
Japan
Huerta
Mexico
Tlinois
United States Reserve Bank Organization Committee
Reserve Bank ii
Féderal Reserve Board
Reading the Leader Money Rates Ease on Weak Stock Moves
New York investors drift with irregular fluctuations as markets open higher after initial declines. Reading leads with vigorous buying while Erie Railroad gains a new VP and tobacco and copper stocks show strength. London sells shares, money rates ease, and total par value of US bonds trades at $3,650,000.
MENTIONED IN THIS ARTICLE
London
United States
New York Stock Market Briefs From January 28
Report notes amounts received by W. B. Hibbs & Co at their Hibbs Building. Details are concise and reflect market activity on the specified Wednesday in New York.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
Mem
Hibbs Building
Chicago Grain Market News From New York Jan 28
Unsettled receipts and a range of prices for dairy and grain products dominate New York trading. Reports include creamery extras, cheese firm prices, and various futures for wheat corn oats and oil seeds, with notes on Western poultry, buckwheat flour, potatoes and peanuts, amid a cold wave forecast and export sales.
MENTIONED IN THIS ARTICLE
New York
Wisconsin
Middle West
FO Petroyeem
Rio
Smntos
Mila Quiet
Cordova
Muscovad
Manitoba
Duluth
Baeley
New York Bond Market Opens With Broad Government Bond Rates
New York on January 2 reports active government bond trading across major issues. Prices show varied yields with issuers including American Agricultural, American Tel & Tel, Armour & Co, Chesapeake & Ohio, New York Central, Norfolk & Western, Southern Pacific, Union Pacific, and others. Bid and offered quotes appear for several 4s and 5s with mixed concessions across corporate and rail issues.
MENTIONED IN THIS ARTICLE
New York
American Agricultural
American Tel. & Tel. Co
American Tobacco
Armour & Co
Atchison Gen
Ody Atchison cv
Atchison cv
Atlantic Coast Line
Baltimore & Ohio
Brooklyn Transit Cy
Central of Georgia
Central Leather
Chesapeake & Ohio
Chicago & Alton
Chicago
B. & Quincy
Mil, & St. P. Co
Tech Chicago
H.R. Ool
Distillers
Orie Prior Hen Erlegen
Teyane CV
Central Istre
interborough-Met
Ginter
Merc. Marine
Japan
Kansas City
Lake Shore
Louisville & Nash
Missouri, Kan
Texas
Hig Mo
Kan
Missouri Pacific
Kes National Rys
Mexico
New York Central
N. H. & Hartford
Norfolk & Western
Norfolk & Western Co
Northern Pacific
Oregon
Penn. Co
Penn. Con
Reading Gen
St. Louis
San
Southern Railway
Union Pacific
Union Pacific Co
U. S
Steel
Virginia-Carolina Chemical
Wabash Iet
Washington Market and Chamber Notes Investment Push
Washington markets held firm as investors showed steady demand for railway and electric stocks with total turnover around 21,000. Capital Traction and Potomac Electric led gains while Mergenthaler and Arlington Life Insurance posted mixed moves. plans for Greek pageant funding and Chamber committees’ meetings outline a busy civic week.
MENTIONED IN THIS ARTICLE
Washington Railway and
Potomac Electric Consolidated Fs
Wasahington
Iron and copper markets and regional business notes
Local stock market activity includes curb market pricing for spring tombs veal calves and dressed pork with notable price remarks. In corporate news Nathan B. Scott leaves for Europe, Cuno H. Rudolph grips illness, and Charles E. Welch returns from the Builders and Manufacturers’ Exchange convention. December trade data show imports at record highs while exports decline. American banks eye Latin American expansion. Truesdell’s district finances report is printed. Budd Company names officers as plant upgrades proceed.
Treasury Daily and Monthly Revenue and Disbursement Totals
The United States Treasury reports daily revenue receipts of 2,261,648.37 and ordinary disbursements of 2,332,997.10 with a deficit of 81,200.72. Monthly revenue totals reach 45,784,006.43, while year-to-date revenue stands at 396,993,347.19. Ordinary disbursements for the month and year to date are 91,955,099.76 and 416,479,727.60 respectively. General fund assets list gold coin, certificates, silver dollars, notes, and other securities totaling 274,649,248.40 with net general balance 104,119,054.64. Cash assets across the Treasury, including gold and silver reserves, total 9,088,62,490.31 with daily redemptions of 2,321,970.50.
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General Fund
Treasury Offices
Sranaara
United States
Treasury
National Bank
Subsidiary
Silver Co Pad
National
Philippines
Ginics A Anleasse
GegSee
Ash
General P Mite Essresecteebevepees Asecuys
Treasury Ceeeereyes Eeeees
Local Produce Market Wholesale Prices Across States
Virginia, Pennsylvania, Maryland, and Delaware markets show demand for vegetables and live poultry. Prices listed include butter, eggs, potatoes, onions, peppers, cucumbers, tomatoes, cabbage, celery, and citrus with regional variances and assorted crate, basket, and per-bbl quotes.
MENTIONED IN THIS ARTICLE
Virginia
Pennsylvania
Maryland
Dalaware Tralia
Elgin
New York State
West Yinwinia
Eags Light
Maine State
Michigan
Florida
New York
Philadelphia Markets Report From Jan 3 Trade
Markets in Philadelphia show wheat and corn holding firm with little change. Barley remains unchanged while oats stay steady. poultry prices for live birds and dressed broiling chickens edge higher in limited listings.
MENTIONED IN THIS ARTICLE
Alphia
Hearby
Panama Canal’s opening to spark vast U S Pacific trade
Harvard authority warns channel may not unleash vast western South American trade. notes Peru cotton, Chile nitrate and copper, British buyers, and expected ships and rail links shaping early canal commerce. investors like Huntington and Harriman foresaw Gulf and Midwest benefits. Chile’s Guggenheims invest heavily. optimism about multi-year impact but uncertain timing.
MENTIONED IN THIS ARTICLE
Harvard Authority
Pacific
Peru
Harvard
South América
South America
United States
Chile
Great Britain
Panama Canal
Frank Trumbell
Chesapeake and Ohio Railroad
Pacific Coast
Henry M. Plegler
Florida
Key West
C. P. Huntington
Panama
New Orleans
St. Louis
Chicago
BE. H. Harriman
Mississippi Valley
Gulf
Southwest
Gulf of Mexico
Huntington
Gulf Coast
West South America
Europe
Comerce
Guggenheims
Hurose
Wales
Canal
Holland
Oxe Ouplations Credit Balances and Shipments Report
Toledo Ohio report details credit balances of 2.50 with 110 467 runs and 104 574 average. Shipments total 131 402 with 104 646 average. North Lima 1 49 South Lima and Indiana 1 44 Wooater 1 91.
MENTIONED IN THIS ARTICLE
OU City
Toledo
Ohio
North Lima
South Lima
Indiana
Wooater
U. P. Directors Answer Suit Over Stock Dividend
New York reports the Union Pacific responds to a suit by preferred stockholders led by Joseph T. McCadden. It denies discrimination claims and says no charter provision guarantees preference beyond 4 percent. The company asserts surplus profits far exceed its capital and liabilities and that extra dividend actions are lawful.
MENTIONED IN THIS ARTICLE
New York
Union Pacific Railroad
Joseph T. McCadden
Baltimore and Ohio
Tomorroe
Baltimore and Ohio Railroad Com- Sbny
Michigan blue sky law struck down by federal court
United States district court declares Michigan blue sky law unconstitutional ruling that the statute restrains interstate commerce and would burden the Interstate Commerce Commission. Judge Dennison, along with District Judges Tuttle and Sessions, supported the decision.
MENTIONED IN THIS ARTICLE
Detroit
Mich
United States District Court
Dennison
Appellate Court
Arthur J. Tuttle
Clarence A. Sessions
Interstate Commerce Commission
Barthou urges Morocco cotton push to beat US supply
Paris debate shows Louis Barthou urging France to develop cotton cultivation in Morocco to reduce US dependence. He proposed dedicating 250000 to 500000 dollars annually, while the chamber voted a 6000000 dollar loan for Moroccan public works but took no further steps on the cotton plan.
MENTIONED IN THIS ARTICLE
Paris
France
Morocco
United States
Louis Barthou
Chamber of Deputies
M. Barthou
Chamber
Baltimore Markets Price Report of Grain Poultry and Butter
Baltimore Markets reports firmer mood across grain prices with No 2 red Western wheat at 8% and steamer at 8%. Poultry values show alive chickens old hens heavy and light, ducks, geese, and turkeys with varied prices. Eggs and butter prices list Maryland Pennsylvania and nearby firsts, Western oranges, creamery and dairy prints across multiple regions.
MENTIONED IN THIS ARTICLE
Baltimore
BRIZ
Maryland
Pennsylvania
West Virginia
Ohio
Virginia
Live Stock Markets Wrap From Chicago and New York
Chicago hogs receipts 35 000 head with varied prices from 7 58 to 8 20 cattle receipts 15 000 with beeves strong others steady to 10c lower Texas steers at 8 00 stockers and feeders 5 0 9 10 cows and heifers 3 60 8 50 calves 7 50 10 50 sheep receipts 22 000 natives 4 75 8 0 yearlings 5 80 7 00 lambs natives 6 75 New York beaves receipts 1 800 weak steers 9 90 bulls 6 50 7 75 cows 6 50 14 calves receipts 1 300 weak 8 50 13 00 dressed 15 heifers 10 sheep receipts 6 500 steady 4 00 5 50 hogs steady 6 75 8 0
MENTIONED IN THIS ARTICLE
Chicago
Texas
New York
New York Money Market Report and Crime Spotlight
New York money markets show call money steady at 1 to 2 percent with time loans easing for 60 and 90 day periods. Mercantile paper at 3.25 to 4.75 percent, Sterling bills around 4.88 to 4.85. Government and railroad bonds steady. Also notes a feature on “The Artful Dodger” behind prison bars detailing a noted hotel thief, with next Sunday’s piece teased.
MENTIONED IN THIS ARTICLE
New York
Mercantile
Sterling Exchange
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Shorts
Canada
Pittsburgh
Ston and Steel
Reading
The
Erie Railroad
Delos W. Cooke
NEW York Stock Market
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Amer. Agricultural
Lou. & Nashville
Mackay Cos
Amer Can
Petro
Amer
Can
Miami
Car & Oyne
Car & Fdy Pfa
Cotton
National Biscuit
Nevada
Amer Smelt
HON. Rys
M. 2d Pia
S & FB
Amer. Sugar Refining
Ont
West
Amer Tel & Tel
Poalen Joe
Amer Tobacca
North American
Tensa Townee
Anaconda Mininga
Cig
Atchison
Pacific Mail
Atchison Prd Oot
Pac. Tel
Tel
IlAtlantic Coast Line
People's Gas
Bethlehem Stee
Pitts, C
Pullman Palace
Nts
Chi
Great Western Mu
Rep
Iron & Steel
Chi & St. Paul
Rep. I
Northwestern
Rock Islami Co
Rock Island Co. P
Colo
Southern Pacific den
Rio Grande
Southern Raliwa
Distiliers’ Securit
Southern Rg
Bay
Finie
Tennessee Copper
Erie
Texas & Pacific
General Electric
Goodrich WU. S. Realty
Rubber
Goodrich Ptd
Great Northern
U. S. Steel
MA Tinels Central
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Net
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Mergenthaler
Washington Gas
Continental Trust
Arlington Bre Insurance
Ingac Gena
Chamber of Commerce
W. FE. Gude
P. T. Moran
James F. Oyster
D. J. Kaufman
DB. J. Callahan
B. W. Guy
Chapin Brown
A. Leftwich Sindlakr
John F. Slaven
Washington Topham
M. A. Leese
Taday
Robert N. Harper
Cémunittes
Thie City
Washington
Board of Directors
Ssearch
Arade
H. Clifford Bangs
Co. J. Gockeler
Instrict National Bank
Mr. Gockeler
Local Stock Exchange
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Cleveland
Scott
Nathan B. Scott
Continental Trust Company
Cuno H. Rudolph Grip
Cuno H. Rudolph
Second National Bank
Dresden
Hinphyashiah
Charles E. Welch
Builders and Manufacturers’ Exchange
Louisville
Natonal Association of Builders’ Exchanges
Mr.Welch
J. H. Scates
National Association
National Guard
Julius Kahn
California
Tenday
Department of Commerce
Rio de Janeiro
Buenos Aires
Valparaiso
I4ima
John Barratt
Pan-American Union
Col. Truesdell
George Truesdell
Board of Trade
Cafe
George T. Budd Company, Inc
510
Ninth Street Northwest
R. A. Nye
Carrie E. Engel
A. Nye van Vieck
Cap. Traction R. R
Wash. Ry. & Elec
Potomac Elec
Capital Traction
Wash. Ry
Elec. Com
Elec. Bid
Mergenthaler Linotype
Sn Se
Arlington Fire Insurance
Elec
Lanston Monotype
Georgeton Gas
Columbia
Columbia Gas & Hie
Capital Traction Co
Ann. & Pot. River RR
City & Suburban Ry
Columbia Ry
Mort
Metropolitana
Wwasi
Wes & Mt
Adams Poxpress
Amer. Candeb
Epesauesice Pot
Angio-Amer
Oll
16Meérican Tel
Nie
Braden Aasmese
Amér
Brit.-Amet
Washington Market
Brit -Am
New
Giroux Cona
Greene-Cananea
W. Steamboa
Riggs Realty
Goldfield
Hort
Kerr Lake Eatt Capital Traction Co
la Rose
L. V. Coal Sales Co
Sy Ash. Ry
Lec
Ptd
Mason Valley
Steamboat
Transit
Georgetown Gas
Marconi, New
Marconi Canadian
American Tel
Tel Nipissing Mines
Riker-Hegeman
Stan
Lanston
Yukon Gold Ag Greene-Cananea Seances
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Balto
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Savings Ti N. O. M. & C
East ‘Ash, Savings Bank
Penn. Wat
United Rys
Hlec
Arlington
Annes
United Rys. & Blec. Inc
Ae Corcoran
al ‘Wash
Balto. && A
Firemeh
Ity & Sub
Wash
National Union
Insurangh
Graphophorspider
Ecupity & Storfage
Franklin _ s
Grandy Consordata
Bas
Aeak
Way
Bas U
Mohawk Ou
Nevada Consolidat de Panama &S
North Butte
Gtd Dominion
Bey Shannon
United Fruit Fea
Utah Consolidated
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Eee
United States Treasury
Local Produce Market
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Harvard University
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Governmental Bureau of
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Argenne
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Broadway
Lewis Johnson & Co
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Pennsylvania Avenue
Home Building Association
First Trust
Ineerest
RE. Clagehton
Eres
Taylor
W . Galli- Her
V. Dees James
Aewopaward, Secy
32Th St
Wescott, Theas
I Pa
Ave NW
Certified Public Accountants
Harvey Shase & Company
Biges
Juaredtéad
Land of Prosperity
Financia
Donte Misa
Munsey Trust Company
Frank A. Munsey
Co-Operative Building Association
F Street
Equitable
John Joy Bnson
Frank P. Reaside
National Savings and Trust Company
Corner 15Th
N. Y. Ave
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street N. W
National Metropolitan Bank
Fifteenth Street
U. S. Treasury
J. Thilman
Hendrick Hendrick Building
15Th St
N. W
Washington Stock Kathinge
Manhattan Life Insurance Co
Natatands
Wokra
Hibbs
RRB Hiyes