Markets Reel as Stocks, Bonds Tumble in Broad Selloff
Broad selling in New York stocks and bonds drives prices down across sectors with motors and munitions hardest hit and a late rebound from short covering. Bank of England raises rate to 8 percent, with gold contraction deepening alongside weak foreign exchange and Anglo-French bond activity.
MENTIONED IN THIS ARTICLE
Bank of Hogland
Paul
Great Northern
Norfolk and Western
Mexicana
Bank of England
Canada
United States
Wall Street News and Gossip July 1 Financial Update
Scattered figures report a July week overview with varied bank reserve moves. The Bank of Ireland total reserve changes show declines in deposits and securities while note circulation rises. Bank of France highlights include gold and note shifts, treasury deposits gains, and increased general deposits amid a busy liquidity week.
MENTIONED IN THIS ARTICLE
Bank of Ireland
Bank of France
New York Stock Market Trade Totals Report
Axumgena reported total sales of 686,530 shares with activity contrasting against prior figures. The report notes notable shifts in trading volume and price movements across key listings amid market volatility.
Financing France and Britain Through American Securities
The article outlines a 1896 plan involving ten million dollars in paid-in capital for an American finance entity to issue debenture bonds linked to French securities and to fund loans abroad, with Edward D Adams noting parallels to British currency and greenbacks amid wartime finance. It notes Deutsche Bank involvement, a twofold American and French financing scheme, and Adams’s perspective on currency implications.
MENTIONED IN THIS ARTICLE
New York
American International Corporation
France
Cleveland
Imperial Deutache Bank of Berlin
United States
Deutsche Bank
Edward D Adama
Northern
Pacifi Railroad Company
Adams
England
Imperial
Deutsche Bank of
Berlin
Niagara River
Europe
Northerna Pacific
The
Northern Pacific
Great Britain
Bank of England
Adame
Ita
Holland
Stock Market Notes and Prices from Local Exchange
A dense list of bonds stocks and commodities including Potomac Electric, Riggs Realty, Washington Railway and Electric, Washington Gas, Mergenthaler Linotype, Capital Traction and metro area utilities. Powers bids asks and yields shown for gas bonds rail bonds and mining stocks with wheat corn oats and metal futures later.
MENTIONED IN THIS ARTICLE
Potomac Electric Cona
Riggs Realty Bs
Capital Traction
Washington Railway and Electric Pld
Washington Gas
Mergenthaler Linotype
Metropolitan National Bank
Chapin-Sacks
Washington Railway and Electric
Ind
Columbia Gas & Bhlec
Columbia G. & E
Capital Traction Co Sa
Ana & Po River
Wash Ry
Elec
Po Elec Power
C & P Telephone
Amer Grapholata
W. Mkt Co
Mkt Cola Strg
Steamboat Ba
Nee Riggs Realty
Riggs Realty
Capital Traction Ca BR
Washington Gas Wes
Georgetown Gas
Am Tel & Tel Co
Lanston Monotype
Greene-Cananea
Wits
National Bank
American
Columbia
Abo Commercial
District
Farmers and
Security Law
Arlington
Firemen‘s
German-American National Union
Columbia Title
Chapin-Sacks Co
D. of C Paper Mfg. Co
Grapho
Trans & Storage
Security Storage Co
Washington Market
Treasury finances show deficits and asset totals
The United States Treasury reports deficits of 8,482,420 this fiscal year versus 10,566,927 last year excluding canal and debt operations. Revenue receipts for July reach 2,917,640, and ordinary disbursements, while overall balance data cover gold, silver, currency, and bank assets across federal and national reserves.
MENTIONED IN THIS ARTICLE
United States Treasury
General Fund
I Treasury
United States
Federal Reserve
National Bank
Federal Reserve Banks
Treasury
Philippines
New York Cotton Market Retreats From Day’s Peak
In New York on July 13 the cotton market opened with a modest advance then eased in late trading. October fell from 1298 to 1283 and closed at 1291. The general list ended steady with small gains to modest declines. Futures highs and lows listed for August October December January and March.
MENTIONED IN THIS ARTICLE
New York
Baltimore Markets Prices on Wheat Corn and Eggs
Baltimore markets report mixed commodity pricing on July 13. Wheat closed strong with No 2 red spot and July at 112 percent, September 113 percent, and No 2 red western spot and July at 116, September 115. Corn closed easier with spot and July at 37 percent nominal. Oats remain firm with various white and yellow grades. Poultry prices show range for alive chickens, hens, springers, and ducks. Butter and eggs list Maryland, Pennsylvania, and Western regions with multiple grade prices.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Pennsylvania
Ohio
West Virginia
Southern
Philadelphia Markets: steady prices across eggs butter and grain
Philadelphia markets report steady to firm tones for eggs butter and wheat while corn remains firm. Poultry demand steady with alive spring chickens and fowls quiet. tallow prices show modest shifts with prime and edible categories varying by grade.
MENTIONED IN THIS ARTICLE
Philadelphia
New York Money Market Summary July 12
New York money market reports 60 day bills at 4.75 percent and 90 day loans around 8 percent. Sterling bills quoted at 4.60 to 4.75, francs and marks shown with cables, rubles at 30 percent, silver at 62 and Mexican dollars at 48. Government bonds steady, railroad bonds heavy, call money easier with ruling rate near 4 percent.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Baltimore Securities and New York Beef Markets Summary
Market ledgers show Chicago hog receipts of 16 000 with varied bids and cattle receipts around 4 000 steady for native beef, western steers and feeders, plus 12 000 sheep unsettled with wethers and ewes noted. New York beef and veal receipts listed 1 549 and 485 respectively with calves steady and sheep and lambs at 2 180 receipts and mixed prices.
MENTIONED IN THIS ARTICLE
Chicago
New York
Cottonseed Oil Market Report Shows Summer and Winter Prices
New York on July 13 reports prime crude and yellow prices for seed oil across summer and winter contracts. Prices listed include 1075 for July, 10 4 for September, and 958 to 872 for various months through December, with January February figures also noted.
MENTIONED IN THIS ARTICLE
New York
Local Produce Market Price List Highlights
A dense price sheet lists poultry eggs cheese butter and broad produce. Notable items include hens at 19 per pound turkeys at 20 per pound and spring chickens at 25 27. New York State factory cheese at 19 and 18 for large. nearby potatoes 2 50 to 2 75 per barrel and onions 3 50 to 4 00 per barrel.
MENTIONED IN THIS ARTICLE
New York State
Elgin
Virginia
Florida
California
Washington Cattle Market Hogs and Veal Calves Report
Market listings show hog categories with percentages and weights including dressed small medium and heavy plus veal calves, spring lambs and miscellaneous weights. Numbers indicate quantities or prices and reflect mixed livestock readings across categories and sizes.
Washington Stock Exchange Notes and Dividend Declared
Investment activity remained light with Chapin Sacks stock seeing a small loss from 175 to 170. Washington Railway and Electric preferred traded up to 78 percent bid, while Metropolitan National Bank and other issues showed modest gains and limited sales. Washington Loan and Trust declares quarterly 2 percent dividend payable August 1 with books closed July 24 to August 1.
MENTIONED IN THIS ARTICLE
Nnon
Washington Stock Exchange
Tevera
Chapin Sacks Company
Call
Washington Railway and Electric Preferred
Washington Gasway
Potomac Electric
Riggs Realty
Long
Washington Railway and Electric
Washington Loan and Trust Company
Grain market report from New York and Duluth data
New York grain notes spot wheat ranges for No 1 durum 120 percent No 2 hair 24 No 1 northern Duluth 131 percent No 1 northern Manitoba 131 percent for New York Corn spot easy No 2 yellow 90 percent oats firmer standard 43 City Pa July 13 credit balances 260 Runa 126,823 average 77871 shipments 61,931 average 42 421.
MENTIONED IN THIS ARTICLE
York
Duluth
Manitoba
New York
Standard
City
Averae
Bank rate rise in London shocks markets and hints at wider effects
The Bank of England lifted the bank rate from five to six percent, signaling precautionary moves to protect exchange and keep balances from fleeing to New York. The shift, noted by international bankers, foreshadows tighter financing and higher costs across markets, with potential spillover to French rates and U.S. call loans.
MENTIONED IN THIS ARTICLE
Bank of England
New York
Alles
London
Treasury
Bank of France
New York Produce Prices and Receipts Summary
New York July market report lists butter receipts 13 778 tubs at creamery 92 score extra 2 percent higher 29 percent 30 with firsts 27 28 percent seconds 25 pounds. Eggs irregular receipts 23 cases fresh gathered extra fine 6 percent extra firsts by 26 firsts 15. Hens white fine to fancy 19 42 da brown 28 29. Cheese receipts 4946 boxes state flats French specials 15 15 average fancy 16 15. Wisconsin fancy twins 15. Poultry alive irregular broilers 25 28 fowls 20 turkeys 15 18 dressed steady broilers 25 32 fowls 22 19 percent. Flour firm. Pork firm. Beef strong mess 18 18 50 family 19 10G 20 50. Lard steady.
MENTIONED IN THIS ARTICLE
Alaska
Interboro
Mickel Car & Fay
Kan City
Lehigh Valley
Lee Rb & Tire
Long Island
Wours & Nash
Mackay Co
Manhattan
Bae
Maxwell
Folty
Ve & Tel
Miami Copper
Minn & St i
Mo Pacific
Rison
Rison Pt
Nat Cloak
Central
Ano Hate
Cho Rody
C & St L
Nh&h
Beth Steel
North West
Tow
Brunswick
North Pacific
Ontario
Petroleum
Penn RR
Petro Pt Abm
Phila Co
Pacific
Pitts
Ry Steel Sp
Hes & Ohio
M &O
Seab A. L
Cc &S.u
Sears Roebuck
South Pacific
South Ry
Ot & Soft
Standarts
Studebaker
Texas & Pacife
Texas Co
Third Avenue
Twin City
B&p
Hudson
den & Rio
Nowy & Rio
Clmar
Lenme Mines
SS & Ret Pt
Ront Isler
Steel
Td Pt Ag Fay
Boa Tr S
M &S
M & Pt
Utah Copper
Flee Rie Lajttah Sea Corp
Wabash
Cen Motors
Gen Motors
Goodrich Bof
Wabash of
West Mary
Zanace North Pe
West UN Tel
Tho
Weatinghouse
NM Gulf S Steel
Woolworth
Willys
Willys Over
Joe Seames
Wisconsin
New York
Hennery
Italian Boys Complete 12830 Mile Trek With Dog
William Ferrett and Frank De Luca, Italian youths, arrived in Washington after a 12830 mile walk from New York begun April 15 1924 aiming to reach New York in under three and a half years. Their dog France aided their journey as they travel on toward home with a $5000 prize at stake.
MENTIONED IN THIS ARTICLE
William Ferrett
Frank de Luca
New York
Washington
France
Vatley Cottage Club
Ferreri
de Luca
Dog
New England
Portland
Seattle
Pacific Coast
San Diego
Cal
Tampa
Fla
National Capital
Reserve Aviation Corps Organized by Wilson Order
President Wilson directed the formation of a reserve of officers and men for the aviation corps of the army. He instructed Secretary Baker to prepare a formal order under the army reorganization act recently passed by Congress. Reports indicate many expert civilian fixers are willing to join the reserve.
MENTIONED IN THIS ARTICLE
Wilson
Congress
Baker
Meredith Resigns as Bank Director Impacts Regional Reserve
The Federal Reserve Board yesterday accepted the resignation of ET Mere Vth as Class C director of the Chicago Federal Reserve Bank. Meredith was a theocratic candidate for Iowa governor, shaping regional financial oversight and political resumes amid transition.
MENTIONED IN THIS ARTICLE
Meredith
Federal Reserve Hoardesterday
ET Mere Vth
Chicago
Paceral Reserve Bank
Iowa
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Islues
Alcoho
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Crucible Steel
Alr
Baliwin
Westinghouse
Continental
Bethlehem Steal
America
Armour & Co Dias
Atchison
Atlantic Coast Line
Baltimore and Ohio
Bethlehem Steel
Brooklsn Transit
Central of Georgia
Central Leather
Central Pacific
Bay
Chesapeake and Ohio
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Bo and Quincy Joint
Consolidated Gas Co
Denver and
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Rilo Grande
Phanillers Securities
Rat Dominion of
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ty I + Motors
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OM Wash. Hy. & Blec
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Lansten
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Miller Train Control
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Thomas L. Hume
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Fifteenth Street
N. W
Redmond Co
Weedward Building
American Telephone & Telegraph Ca
D. Milne