Wall Street Gossip and Rail News From New York
In New York on January 24 rumors and market moves mix with bank rate cuts. The Bank of England trimmed its minimum discount rate to 3 percent, while France also cut to 3 percent, yet stocks failed to sustain gains. The New Haven Railroad board chose not to fill four vacancies, while expenses for December fell and maintenance costs rose, cutting overall operating costs. Pressed Steel Car declared a 3 percent dividend as orders rise in rail equipment. Mexico’s National Railways show weak earnings relative to fixed charges amid revolution. Rumors push Rumely shares to new lows as note holders press for repayment.
MENTIONED IN THIS ARTICLE
New York
Bank of England
Bank of France
Tne
New York, New Haven and Hartford Railroad Company
New Haven
Iziatme
Boston and
Maine Road
McReynolds
Washington
Pressed Steel Car Company
Mexico
National Railways of Mexico
London Buying Heavy Prices Sag In Final Hour
New York stock market fell today under steady professional pressure. Reading and Steel led losses with New Haven, New York Central, Southern Pacific, Smelting also slipping. Decline aided by denial Reading planned coal property segregation and Southern Pacific’s weak December report. Foreign purchases limited further drop while bonds moved uncertainly and Panama 3s rose slightly.
MENTIONED IN THIS ARTICLE
Southern Pacific
New York
Reading and Steel
New Haven
New York Central
Reading
New York Bond Market Report by Hibbs Co
New York bond market overview as received by W B Hibbs Co of the Hibbs Building outlines rates and movements in securities. The brief dispatch notes ordinary activity in trading and price shifts affecting investors and brokers in the metropolitan market.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
Mem- Hibbs Building
Local Market Steadiness and New Business Ventures
Washington securities held firm with Washington Railway and Electric 4s and Rotomac Electric consolidated 6s trading. Capital Traction offered down to 112 Premier notes. Prouty to speak on railroads for Chamber of Commerce. Porto Rico exports top $49 million with a $12.2 million surplus. Local real estate and utility legislation noted with new incorporations and the First National Fire Insurance entering New York. Conventions forecast 250,000 visitors and $4 million spending in 1914. a real estate investment company formed at 816 Connecticut Avenue NW.
MENTIONED IN THIS ARTICLE
Washington Railway and Electrica
Rotomac Eilectric Consolidated
Capital Traction
Porto Rico
First National Fire Insurance Company
Washington
New York State
Emmet
New York Insurance Department
First National
Southern
New York Department
William Lohmer
New York
D. J. Callahan
Chamber of Commerce
Chamber
the Utilities Commission
Washington Market Company
Adama Express Company
Western Union Telegraph Company
Real Hetate Investment Company
Tl. W. Hilleary
Charles 5
Robb
Walter BR. Tuckerman
Connecticut Avenue Northwest
H. W. Hillaary
Blc
Chapin-Sacks
Georgetown Gas
Washington Gas
Columbia Gas & Elec
Columbia Gass& Etec
Capital Traction Co
Ann
Pot. River R. Ik
City & Suburban Ry. Ds
Columbia Ry
Metropolitan R. R
Wash
Alex
Mt. Ver
Chesapeake & Pot
American Tel
Tel
Amer. Tel
Washington Market
M. Card Storage
W. Steamboat
Iggs Realty
OCKS
Capital Traction_Co
Wash. Ry
Blec. Com
Ash. Ry
Tobacco
New
Lanston Monotype
Mergenthaler Linotype
Giroux Consolidated
Goldfield Consolidated
Ink
Greene-Cananea Greene-Cananea
Wee Intercontinental Rubber
National Bank
Kerr Laketh American
la Bose Consolidated Ie Ie
Capital Columbia
L. W. Coal Sales Co Commercial
Mason Valley
District Ferences
East Butte Copper
Franklin Corcoran Arlington
Granby
Greene-Cananea
United Frui
Utah Consolidated Am
Utah Popper, Co
Security Storage Co
Stock listings from Washington area exchanges
Local Market Quotes show Washington Railway and Electric bonds at various prices including 80 and 280 for 3 000 and 7 000 units, Potomac Electric preferred and common at 100 multiples, Capital Traction at 112 percent, Washington Gas around 443 to 444, and Mergenthaler Linotype entries noted with 10 at 215 and 6 at 4
MENTIONED IN THIS ARTICLE
Washington Railway and Electric
Potomac Electric
Capital Traction
Washington Railway and Electric Common
Washington Railway and Electric Preferred
Washington Gas
Mergenthaler Linatype
CURB MARKET SUMMARY FROM NEW YORK
New York curb market report shows call money steady around 11 to 2 percent until closing at 146%. loan rates mixed with 60 days at 2 percent, 90 days at 3.2 percent, six months at 4.0 percent. Mercantile paper at 3 percent. sterling easy with Gay Dublin at 4.8873 for demand and 4.2500 for commercial bills. Bar silver and Mexican dollars noted. government bonds firm while railroad bonds described as irregular.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Sterling Exchange
Treasury Teport on Receipts and General Fund Assets
United States Treasury daily report shows January 28 1914 revenue receipts 2 039 968 60 and monthly totals 47 824 085 03. It lists ordinary disbursements this fiscal year and year to date, and itemizes General Fund assets and liabilities including gold coin silver dollars and various certificates. Net balance in general fund available, total cash assets in general and national accounts, and bank note redemptions for the day.
MENTIONED IN THIS ARTICLE
Treasury
United States
National Bank
Philippines
Ees
Fundim Itonca'helaneneses
General
Baltimore Markets Wheat and Poultry Prices Reported
Baltimore markets report wheat quotes for No 2 rea No 2 red Western and other grades while oats meat poultry and butter prices are listed by cut and grade. Hogs butter and dairy prices span Maryland Pennsylvania Ohio and neighboring regions with variations by weight type and product. Products include chickens turkeys ducks geese pigeons and various butter forms with regional price ranges noted.
MENTIONED IN THIS ARTICLE
Baltimore
Turkey
Kent Island
Maryland
Pennsylvania
Drste
Virginia
Ohio
West Virginia
Washington cattle market prices and items list
Spring lambs 7 and 8, hogs per hundred pounds seven point eight five percent, sheep 44 percent, veal cadres choice per hundred pounds 1149, dressed pork small 10 percent, large 11. Washington market details list cattle, hogs, sheep, veal and pork prices and quantities from a local sale.
Chicago Grain Market Report Amid Cold Weather Delays
Jan 22 Chicago grain note reports steady wheat with firm early prices in Duluth and Tennessee, but prices eased later due to tepid export demand. Corn oats and barley show mixed activity with steady butter eggs and cheese markets, while poultry prices edge higher on firmer demand and chained shipments.
MENTIONED IN THIS ARTICLE
New York
Syed
E'Gatar
Wanktoba
Duluth
Titan
Holland Sees Trust Bill Changes Await Expert Opinion
New York city editors report business leaders expect antitrust bills to be amended after expert testimony. They view President Wilson’s address as hopeful, seeking a common ground for business people, the public, and government. Holding company regulation and Sherman law interpretations are debated, with Morgan’s past friction cited as context.
MENTIONED IN THIS ARTICLE
J. P. Morgan
New York
Wilson
Congress
Sottig
Washington
J. Pierpont Morgan
Boston
Philadelphia
St. Louis
Minneapolis
United States
John Sherman
Senate
George F. Hoar
George F. Edmunds
Edmunds
Hoar
England
Great Britain
Holland
Copper Prices and Market Update from New York and London
The Metal Market reports a firm standard copper forward to April at 14.62 with electrolytic at 14.37 and 14.27 to 14.62 in assessed ranges. London copper is steady with spot at £65 per metric ton and futures near £66. The report notes quiet trading for Tron warrants and mentions Cleveland warrants with small changes.
MENTIONED IN THIS ARTICLE
New York
Jake Dominel
London
Cleveland
New NY Banking Regulation Aims at Private Bankers
New York reports a senate bill to regulate private banking, drawing a line between depositors of responsible private bankers and those with general accounts. Senator Pollock supports limited rules for smaller firms while exempting top firms like J P Morgan & Co, which require deposits of at least 10 000 and pay 2 to 3 percent.
MENTIONED IN THIS ARTICLE
New York
Henry W. Pollock
Senate Committee
Pollock
W. H. Porter
J. P. Morgan & Co
Porter
Sale of Wabash Asked Deliberations On Foreclosure
In St Louis on January 29 attorneys for bondholders the Equitable Trust Company trustee and the receivers asked United States circuit judge Elmer B Adams to dissolve the receivership and issue a decree of foreclosure on the Wabash Railroad. The mortgage totals 41928000 to back refunding and equipment bonds. The judge said a final foreclosure would be announced within ten days after considering a proposed decree agreeable to receivers bondholders and the railroad company.
MENTIONED IN THIS ARTICLE
St. Louis
Wabash Railroad
Elmer B. Adams
United States Circuit
Equitable Trust Company
New York
Adams
Ilf
Judge Adama
Adama
New Discount Company Aims Branches Abroad
New York January 29. Leading financial interests discuss establishing a discount company to buy and sell commercial paper and bills. No definite shape yet but plan to launch soon after the new currency law and banking system take effect, with branches potentially abroad.
MENTIONED IN THIS ARTICLE
New York
Thi
IL Ig
New York Produce Market Report January Prices Steady
New York market notes a barely steady butter stock cheese firm and unchanged eggs with 1,600 boxes. Poultry prices mixed with alive stock steady and dressed meat weak. Commodities show buckwheat firm, cornmeal quiet, hay steady, lard firm, sugar and oil prices varied, coffee stable, potatoes firm, cabbages steady, peppers steady.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Jmiddle Weal
Cordova
Long Island
Pranuts
Local Produce Market Wholesale Prices In Mid Atlantic States
Local market notes wholesale prices for Virginia Pennsylvania Maryland and Delaware crops and poultry. Lists alive poultry butter eggs vegetables including potatoes onions lettuce peppers celery cranberries and citrus with regional varieties and per unit costs.
MENTIONED IN THIS ARTICLE
Virginia
Pennsylvania
Maryland
Delaware
Ee York State
West Virginia
Florida
Timatres
New York
New
California
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Parker, Bridget &F Co
Reece
Wall Street
Theas
Continent
NEW York Stock Market
Lehigh Valley
American Agricultural
Amer
Louisville & Nashville
Aeee
Miami
St. P
Missouri Pacific
Atchison cv. Ae
Abe
National Biscuit
Atlantica Coast Line
Amer Ice Securities
Ayal
Baltimore & Oas
Jonese
Baltimore & Ohio
Tocomotive
N. Rys
Brooklyn Transit
Etta
Central of Georgia
Oesmer
Smelt & Rfg
Central
Amer G & R
Nevada Consolidated
Chesapeake & Ohio
N. Y
Ontario & W
Chesapeake & Ohio Cony
Aga
Norfolk & Western
Chicago & Alton
Chicago
RB. & Quincy Joint
American Tobacco
B. & Quincy
Ana
R. J & Pac
Re . Tig
Colorado & Southern
Denver & Rio Grande
Bethlehem Steel
Pr. OL
St. L
St Distillers Ds
Brook
Rapid Transi
Pittsburgh Coal
al My
Erie
St Eerie
Canadian Pacific
Interborough-Met
Sae
Inter
Merc. Marine
Cheapeake & Maio
Japan
Cnt Consolidated
Republic Iron & Bteel
Kansas City Southern
Walcne
Sggif
West
Republic
EF & S
Lake Shore
Mt & St Paul
Rock Island Co
Toulaville
Missouri
Kansas
Texas
Missour
Colorado
Iron
iSeaboard Air Line
Seaboard Air Line
National Bus. of Mexico
Aigs
Delaware & Hindsur Sloss-Shef
Monver & Ro Grande
Negie XN
Yo. N. Tt
Fiartford cv
Dga
Deis 1
Tate Aid
Southern Railwas
Norfolk & Western Ist
Tennessee
Texas & Pacific
Northern Pacific
Winnion Pacific
Bie Penn. Co
Goodrent
United States Realty
Penn. Con
Goodrel Phi
United States Hubter
Southern Pacific Co
al Int Harvester
Wabash
Southern Pacific R. R
Futer Marine
Sewes
Southern Railway
Western Maryland Southern Railway
Western Union
Union Pacific
Westinghouse Electric
Union Pacific Co. Ds
Kansas City
Aeteee
Wheel & Lake Erie
Laclede Gas
Feveee
Bite United Rubber
United States Steel 2A
Virinia-Carolina Chemical Ee
Wal
Ashist
Western
Westinghouse
Bs. O
Cce
Banking Institute
The
American Institute of Banking
Charles P. Barnard
R. P. Andrews
A. B. Lyon
John L. Weaver
Guy Camp
E. B. Dean
Andrews
Auto Transfer Company Incorporated
Cowle & Taylor Company
V Street
Gordon FR. Cowle
Robert L. Taylor, Jr
James F. Kelly
Wolfensteiner Company
A. L. Wolfensteiner
Max Wolfensteiner
Hilda Wolfensteiner
Big Bank
Reserve System
First National Bank of New York
Federal Reserve
Washington Hallway
Hlectria
Mergenthaler
Washington Real Estate Brokers
Shorehsin
Herbert T. Shannon
Roperts
Transvaal
Local Stock Exchange
Curb Market
A. v
Panama
United States Treasury
Baltimore Securities
Con
Con. Coal
Houston
Seaboard Co
United Railways
Baltimore City
G. B. S. Brewing Ist
Penn. Wat
P. Is
United Rys
Elec
Elec. Inc
City and Sub
Metro
Washington Cattle Market
NEW York Grain
Fojedo
Iva
Tama
Wihana
Wooster
Rhipmenie
Isle. Molly
Galveston
New Orleans
Savannah
Chicaston
Wilmington
Aiz
Norfolk
Aransas Pass
Augusta
Memphis
St Louis
Rio
France
New York Senate
Local Produce Market
National Bank of Washington
la. Ave
Petra Ioabkss
Riggs National Bank
Penn. Ave
U.S. Treasury
Munsey Trust Company
Frank A. Munsey
Equitable Co-Operative Building Association
F Street
Equitable
Joan Joy Edson
Frank P. Reeside
Capfeal
Washington Loan & Trust Co
Cer
John Joy Edson
Prealdeat
District of Columbia
Swartzeli, Rheem & Hensey Co
Fifteenth Street
N. W
J. Thilman
Hendrick Hendrick Building
15Th St
Washington Stock Exchange
Manhattan Life. Insurance Co
New Fore
Home Building Association
Shaft Trust
R. E. Claughton
Taylor
Wm. T.galliher
James M. Woodward
Certified Public Accountants
Harvey S. Chase & Company
Riggs Bulldigs
Phas
Troitgage
American Graphophrone CO
American Graphophone Company
Edward D
Baston
Brehiyve