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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 10, 1919
Page
3
In a volatile financial scene, bonds remain active while reactionary money markets grow dull. Treasury lending attracts funds as investors sidestep building investments, with Liberty bonds mixed and corporate securities showing uneven gains amid a broad, cautious mood.
In New York on June 9 55 wan American Foreign Securities and a spectrum of corporates and government bonds traded with varied yields. Central of Georgia Central Leather and others led activity while government issues including Liberty bonds and U S Treasuries appeared with scattered bids and coupons as the market absorbed a broad mix of issuers.
Chicago grain and provisions futures show mixed movement amid a new limit rule capped at 260000 bushels per interest. July corn around 1.65 to 1.62 with September near 1.60. oat and barley readings listed. New York butter eggs and cheese prices steady to firm amid receipts. Cotton market shows notable advance but constrained by daily price caps, while New York money market notes ease in government yonds and call rates.
Washington trading yesterday featured Capital Traction stock rising from 91% to 92 while Washington Railway and Electric preferred moved easier at 63 for 40 shares. Columbia Graphophone preferred sold around 96 and 95, with common at 360. Lauston Monotype and other names mixed. bonds and miscellaneous issues listed with varied prices. Memphis merchant and banker Mallory, aged 84, dies after long local prominence. former vice president of the Commercial Publishing Company and Monticello Guards captain in Civil War.
A call to railroad stockholders and the public to support the Citizens' National Railroads League and Investors' Protective Association of America. It argues railroads are underinvested, mismanaged, and banked by nonowners, urging subscriptions and memberships to back a plan for government oversight, improved earning capacity, and restored confidence in railroad securities.
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