Shorts Buy to Cover as Bond Market Slumps
New York trading on a large scale in bonds and stocks with the market shedding its uncertain tone. Most leading stocks rose two points or more, Reading Union Pacific Steel and Amalgamated advancing while profit taking trimmed gains late. There was heavy short-covering and large scale manipulation in American can stocks, with common up over five points near recent highs. Norfolk and Western fell over two points on news of a forthcoming 4 1/2 percent convertible bond issue. London activity rose, and an irregularity appeared in the bond market with total par value 2,780,000.
MENTIONED IN THIS ARTICLE
New York, Jan
Reading
Union Pacific
Steel
Amalgamated
Southern Pacific
Norfolk and Western
London
Paris
Canadian Pacific
Berlin
I. S. Os
Copper market notes from New York on Jan 20
Copper prices steady across contracts with bids seen for standard, wool and January futures. Exports for the month reach 22,471 tons while London futures hover near £69 per ton as market activity remains mixed amid war news from Cleveland and other centers.
MENTIONED IN THIS ARTICLE
New York
London
Cleveland
New York Money Market Summary Headlines
New York money markets show steady on call rates at 2 1 2 percent with firmer time loans in 60 days at around 3 percent. Prime merchant paper near 4 0 percent. sterling exchange steady with bankers’ bills at 4 8 3 0 for 60 day and 4 3 7 6 for demand. Government bonds easier and railroad bonds irregular.
MENTIONED IN THIS ARTICLE
New York
Dily
Wall Street Gossip on Albany talks and stock moves
The New York Stock Exchange forms a committee to meet Gov. Sulzer on proposed Albany legislation. Leaders include J. B. Mabon and three former presidents. The market shows gains in United States Steel, Reading, and Union Pacific, while Amalgamated Copper and American Can rise. Wabash-Pittsburgh Terminal notes unsettled affairs. Ex dividend for Atchison slated, Great Northern earnings improve, with net gains boosting dividend capacity.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange Today
Albany
Gov. Sulzer
J. B. Mabon
FE. K.sturgis
Rudolph Keppler
Washington Stock Exchange Shows Strong Demand for Rail Stock
The Washington Stock Exchange session featured 500 shares of Washington Railway and Electric preferred in one lot at 9 with firm bids and additional offers at 89 and 8978 for 500 share lots. Common stock traded 150 shares at 46 with a lone buyer persisting at the same levels. Real estate, banks, and utilities showed active trading with various banks and firms posting small lot sales. Bond activity remained steady while Capital Tractions and Electric lines drew attention. Commercial Bank vacancies filled. executives reassigned as openings arise.
MENTIONED IN THIS ARTICLE
Capital Traction
Washington Railway and Electric
Potomac Electric Consolidated
Washington Railway and Electric Common
Washington Railway and Electric Preferred
American National Bank
Metropolitan National Bank
National Savings and Trust
Union Trust
Washington Gas
Georgetown Geacee Ind
Georgetown Gas Fa
Washington Grr
Railronds
Capital Traction Co
Anacostia
Columbis
Potomac Ebeite Con
Mort
Potomac EI Ches
Potomac
Col. Mig. Coty Norfolk and K. Stabs
Ity
Long
Riggs Realty
Peeuto UT
Baldw
Remon and and Wash
Breamboat
Winginssey
Lanston Monotype
Plergenthaler
National Bank
Cohn
Farmers and Mechanics
Washingto
TRU Ican Security and Trust
Jonal Savings and Trust
Tinton Trust Company
United States Trust Co
Savings Bank
Home Savin Citizens Savings
Gta Union Savings
Washington Savion
Arlington
Scriaksnes
Adie National Union
Columbia
Chapin Sacks Co
Security Storage Co
Washington Stock Exchange
Game Company
United States Trust
Federal National Bank
Botomad Electric Consolidated
Hage
Holland urges fusion of capital to power progress
New York Jan 30 The Pujo hearings note rising concentration of banking capital as two New York trust firms under consideration negotiate a merger likely to create about 30 million in resources. Dialogue links global finance, Panama Canal and US industrial growth to a shift toward big business, with examples from manufacturing automation and electricity driving efficiency and job displacement.
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New York
Pujoj
Ita
Baltimore
Pujo
United States
H.P. Davison
Great Britain
Japan
Ching
Spain
Hawaii
Philippines
Panama Canal
Republic of China
Henry P. Davinon
Six Nations
Paris
Europe
Rothschilds
Barings
Brown Brothers
New York City
Chicago
St. Louis
Twin Cities
Northwest
Boston
Crude oil prices rise to record highs in Pennsylvania
Pittsburgh reports the fourth consecutive rise in crude oil prices as South Penn Oil set opening prices up seven cents. Pennsylvania crude hits 2.83 dollars a barrel with other grades higher, reflecting intensified competition among new refineries after the Standard Oil NJ dissolution.
MENTIONED IN THIS ARTICLE
Pittsburgh
South Penn Oil Company
Pennsylvania
Standard Oil Company of
New Jersey
Federal Supreme Court
Standard
Baldwin Locomotive stock loss suit over deal
New Rochelle broker George H. Robinson sues Allen B. Johnson seeking 1.75 million dollars claiming losses from the Baldwin Locomotive Works stock sale. He alleges Johnson conspired with Drexel & Co and White, Weld & Co to fix the sale price after arranging with Kuhn, Loeb & Co. for a higher bid.
MENTIONED IN THIS ARTICLE
New York
Drexel & Co
Philadelphia
White, Weld & Co
Chicago
Baldwin Locomotive Works
George Hi. Robinson
Robinson
New Rochelle
Federal District Court
Allen B. Johnson
Dover
Johnson
Kuhn, Loeb & Co
Baldwin
Washington Produce Market Wholesale Prices Across Virginia to Delaware
Wholesale market notes show varied demand and pricing for fruits vegetables and dairy across Virginia Pennsylvania Maryland and Delaware. Eggs butter cheese poultry and meats listed with units and ranges, roads and rain impacting poultry prices and availability.
MENTIONED IN THIS ARTICLE
Virginia
Pennsylvania
Maryland
Delaware
Homestown
Elgin
New York State
West Airstate
Alice
Norfolk
Cauligewer
Florida
Erie Cherries
É.co
Florida Okra
Portas
GEREN
New York Grain Market Roundup January Rates
New York wheat and corn markets show spot steadiness and light gains amid thin trading. No. 2 red wheat at 1.03% elevator and 1.10 f. o. b afloat. May near 98.26 to 99.50, July around 91. Bonded January at 1.00% with 5 May and 96% in July. Corn spot easy with export and afloat bids. oats steady. barley noted as Brondy. Receipts: wheat 66,000. shipments 410,008. Corn receipts 44,000. shipments 163,000.
MENTIONED IN THIS ARTICLE
New York
Turkey
Middle West
Muscovado
Santos
Cordova
Cabbaghs
Duluth
Europe
Live Stock Markets Update From Chicago and New York
Chicago livestock prices show cattle dull and steady with mixed grades, hogs higher by about 10 cents, and sheep about 150 to 200 higher on receipts of thousands. New York reports mixed cattle and beef notes, including Texas and California market movements amid fire year notes and varying calf and yearling prices.
MENTIONED IN THIS ARTICLE
Chicago
New York
Philadelphia Markets Summary for January 30
Philadelphia markets report butter firmer at 96 in Western creamery extras, eggs demand good unchanged, cheese unchanged, wheat unchanged, corn in export elevator, trade fair unchanged, poultry alive and dressed unchanged, potatoes dull and unchanged.
MENTIONED IN THIS ARTICLE
Philadglphia
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Korfolk & Western
New Aok
Albahalmers
American Agricul
American Tel
Armour
American Tobacco Fe
Atchison
Atchison cv ‘Sa
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Baltimore and Ohio
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Te “Ee
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Virginia Car Chemical
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Wester Me
Weaunghouse Electric Co
Wisconsin Central
THE
United States Treasury
Treasury
National Bee
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Herts
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Houston
Bee Seaboard A. L
Ffouston
N. O
Penna. Wat
P. & Vaulted Rys
U. S
Hrchive
Taj Ae
Wall Street
United States Steel
Amalgamated Copper
Wabash-Pittsburgh Terminal Railway
Wabash Railroad
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Wabash-Piittsburgh Terminal Company
Terma
American Smelting and Refining Company
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Louis
Nash
S. P
Fireightes
Kana
Tex
Car and Fury
National Biscuit
A.m
R. Pfa
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Anaconda, Mining Co
Pacific Tel
Atlantic Coast
Verneleneee
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Ohio
Bethlehim Steel
Pittaburgh
Chesapeake and Ohio
Republic I and
Chicago G. W
Republic L and S& Pfrd
iChi
Mil
St. P
Rock Island Co
N. W
China
Seaboard Air Line
Consolidated’ Gag
Seaboard A. L
Tennessea Copper
Erle
Texas and Pacific
United States Rubber
Itah
BORG
Interborough-Met
Caro. Chemical
Cero. Chem
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Joe Wabash
Western
Kansas City South
Westinghouse Plec
Tay Laclede Gas, Wheel
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Local Financial
Commercial National Bank
Sands
James A. Cary
Hilton W. Robertson
Home Savings' Bank
Commercial
P. and
P. Telephone
Chesapeake and Potomac Telephone Company
Senate
Yeaterday Ttp
George Peter
Kensington
Farmers Banking and Trust Company
William J. Kelley
Anal Bank
Ac- Commercial No
Wilkie
John
Secret Service
Division of
Special Examiners
Treasury Department
Twelfth Street
W. R. Ruggles
Washington
John @. Slater
Vermont Avenue
Ninth Street
Kramer Street
Long Meadows
Ardmore Hotel
Ardmore Hotel Company
Ardmore
J. H. Diggs
Kent Island
Chiles
Wermge
Toledo
Ohie
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Indiana
Wooster
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S. Hogu
Holland
Caueca
Nng
Hga
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Broker
Washington Produce Market
Citizens Savings Bank
G Street
the .Riggs National Bank
Penna. Ave
OPP
U. 8
Washington Loan & Trust Co
Washington, D.C
NEW York Grain
District of Columbia
Bocgiet
Swartzell, Rheem & Hensey Co
Fifteenth Street
Municipal
Lawrence Barnum & Co
Bankers
St. N.W
Washington, D
Benton
Lawrence J. Dietz & Co
Woodward
Consolidated Exchange, News
F. Hutchinson
Mutual Life Insurance Company of
Thomas P. Morgan
16Th and
H Sts
Washington & Southern Bank
N. L
Lansbury Co
13Th St. N. Ww
N. B
Atlanta
Montgomery
Mobile
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Ashevily
Columbus
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Ohio Lines
Pullman
Cincinnati
Gatango
Louieville
Cincisneti
Indianapolis
I Boy
Bennett
Met Bank
Jaye
Charles E. Tribby
Thompson Building
15Th St
MONET
Thomas J. Fisher & Co, Inc
TSS
Jadette
D. C
HL Smith Company
D.C
WM H Saunders SF CO
Southern Building
Tithe
Om City
Tyler & Rutherford, Inc
16Th
Mit
Raymond Tompkins
John Marshall
Washington, D. c
Fesruart
New York Area
Thorp