Stock Market Dips Amid Rumors of Government Probes
Welfare of Union Pacific and tobacco groups weighs on trading as New York shares fall amid rumors of new government antitrust actions. Standard Oil and tobacco stocks drop 3 to 13 points while bonds slip and banks report loan reductions. European pressure bolsters cautious mood as dissolution plans for Harriman properties circulate.
MENTIONED IN THIS ARTICLE
Standard
New Jersey
New York
Mar
Harriman
Union Pacific
Baltimore
Mar. S
National Bank of Baltimore
Bia
Colonial Trust
Maryland Trust
Consolidated Power
Houston Oil Tr
Houston
United Railways Fa Panema
Consolidated Gas
New York Banks Show Reserve Gain in Week
New York banks and trust companies report an excess reserve of 3,374,250 with a 684,000 weekly rise. The summary notes declines in loans and specie, an increase in legal tenders, and a large cash reserve despite deposit shrinkage. The report discusses gold imports, interior funds drift, and implications for money rates.
MENTIONED IN THIS ARTICLE
New York
Hanks
Vaglie
New York Clearing-House
Lonhe
Sessiom
Washington stock market notes and bond listings
Washington stock exchange report shows regular call vice with Washington Railway and Electric preferred trading at 4 and bonds across rail and utility issues. Listings include Washington Gas at 25% plus 85 and 84 quotes, with United States Trust and Mercenthaler Linotype prices, and numerous railroad and utility bonds such as Capital Traction and Columbia lines. Public utility and machine stocks among rail and electric companies, with trust company shares and miscellaneous securities.
MENTIONED IN THIS ARTICLE
Washington Railway and Electric Preferred
Washington Gas
Mercenthaler Linotype
Washington Loan and Trust
United States Trust
Washington Railway and Electric 4S
Ss. Washington Gas
Georgetown Gas
Ington Gag
I Capital Traction Co
Columbia
Port
Columbia Allway
Asia Jectric
Wank Alex
Mount Ver
Iocarnae Tel
Amer. Tel
Vlog
Col
Paver
Epital Traction Co
Genie Railway E and Electric
Vacontol
Steamboat
Washington Gee
Seerae Saeco
Amnesicas
Washington
Trust Company
Erican Sequrity
Ann
Savi Poe
Washington Produce Market Prices Ignore This Fragment
Wholesale quotations for Virginia, Pennsylvania, Maryland, and Delaware fruits and vegetables. Includes butter, cheese, eggs, poultry, and assorted produce with varied prices and crate or per-unit figures. Text is garbled but reflects a late 19th or early 20th century market listing with regional suppliers and commodities.
MENTIONED IN THIS ARTICLE
Virginia
Pennsylvants
Maryland
Dela
New ‘York State
West Virginia
Norfolk
Florida
California
Local stock market holds firm with small volume and a 3 point gain
The local market maintained a firm tone though volume was light. United States Trust rose to 138 while Washington Gas traded 85 to 90, and the week saw total stock sales of 867 shares and $73,000 in bonds.
MENTIONED IN THIS ARTICLE
United States Trust
Washington Gas
Washington Railway
Wilectric 4S
Pubiic
New York Stock Exchange
New York Produce Market Mixed Butter Eggs and Poultry Prices
Receipts show butter firmer with 3,867 tubs. cheese steady with 268 boxes. eggs weak with 13,654 cases. Poultry alive firm with varied fowls and turkeys. dressed market steady to firm for Western, Maryland, Pennsylvania outputs. Commodity prices listed for flour, rye flour, cornmeal, sugar, coffee, and fats with regional specifics.
MENTIONED IN THIS ARTICLE
New York
Wisconsin
Pennsylvania
Hennery
Baltamore
Mar
Maryland
Arete
West Virginia
Southern
Ducklmgs
Marylang
Pensylvania
Virginia
Inge
A. Waestern
Kent Island
Chicago
HOGE
Carrie Recointe
Be Beran
Tessa Pisers
Natgre S
Texas
Wall Street Gossip and Market Reactions on Convertible Bonds
The article notes weakened convertible bond issues after a stock market break with Baltimore and Ohio 4 12s trading below subscription price and St Paul 4 1 23s down from earlier distribution. Union Pacific and London trades falter while New York Central reports record February car movement. Berlin tax shifts and German holdings spark thoughts on capital flight amid looming wealth taxes. Formal notice confirms suspension of Tinsley & Hull on the Savannah cotton exchange.
MENTIONED IN THIS ARTICLE
al ¢ Halmers
Mencan Agricultural
Linohy
Menean Tei
Tel
Amencan Tobacco
Thais
Cmour
Ee Sry
Tchison
Atlantic ‘Coast
Baltimore and
Ohio
Brooklyn
Central of Georgia
Hesapeake
Chesapeake and OF Ohio
Chicago and
Alton
Quincy
Mil
St P
Pac
Chicago
R I
Olorado
Rou
Delaware and Hudson
Denver
Rio Grande
Marine
Japan
Kansas
Beni Southern
Lake Shore
Louisville
Nashville
Missouri
Kans
Texas
Missouri Pacific
Mexico
New York Central
Oregon
Penna Co
St. Louis
San Fran
St Louis Southwestern
Southern Railway
Union Pacific
New York
Mer
Baltimere
Fhe
St. Paul
Norfolk and Western
American Telephone
London
Shorts
Germany
Lloyd George
England
Hether
Tinsley & Hull
Savannah
Cotton Exchange
Wall Street Blues and the Drought Parable
A Forbes piece notes a NYSE seat selling for 45000 amid seven years low, with gloom over Europe and US markets. It recalls a banker’s rule to buy when prices are down and sell when high, urging resilience despite warnings of financial doom.
MENTIONED IN THIS ARTICLE
B.C. Forbes
New York
New York Stock Exchange
Wall Street
Blue Wall Street
Europe
Wilson
Congress
Sulzer
Goy
The
Stock Exchange
Boston
Philadelphia
Chicago
Germany
Britain
France
Austria
Johnny Hull
Turkey
Italy
Balkan States
China
Japan
Patriach
Woodrow Wilson
Albany
Steel bookings keep up production and shipments in February
New York March 8 record February output and shipments for steel products surpassed January daily averages. United States Steel Corporation expects a drop in unfilled orders despite high deliveries. Large locomotive orders and metal for rails and bridges continued, while pig iron output set a February maximum. Washington cattle market adds hogs and calves prices.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
I Car
New York Central
Pennsylvania Railroad
Grand Trunk
Norfolk and Western
Money tight abroad hope of easier rates gone
The week’s money market focus shifted to Berlin’s stringency as Berlin asked for gold from London and New York. Prospects for rate relief faded as possible moves by Imperial Bank of Germany and Bank of England were discussed, and Berlin’s weakness kept domestic outlook cautious amid Congress-Bank dynamics and Pujo report decisions.
MENTIONED IN THIS ARTICLE
Congress
Bank of England
Imperial Bank of Germany
Pujo
Germany
Berlin
London
New York
Cotton market in New York shows weakness and unsettled action
The cotton market opened weak and unsettled with general selling and aggressive stops after the January break. Covering and trade buying kept declines from worsening, but rallies were limited. the close showed a net decline of 4 to 7 points, with prices cited as open high low bids for September October and December delivery.
MENTIONED IN THIS ARTICLE
Chicago
Mar. S
Patenies Tédey
New York
New York Grain Market Report Highlights Wheat and Corn
New York March 3 grain report shows spot wheat steady with No 2 red at 1.09 elevator and 1117 afloat, futures eased on liquidation and spring wheat pressure from the Northwest. May futures 97 9 16, July 97, September 9. Bonded wheat May and July at 96. Corn spot easy for export afloat, grain market mixed as barley stays quiet.
MENTIONED IN THIS ARTICLE
New York
Mar
Seminal
Duluth
New York Money Market Report
New York money market notes strong time loans 60 80 days and six months at 2 percent. Prime mercantile paper steady Sterling exchange with bankers bills at 4 8365 for 60 day bills and 48795 for demand. Commercial bills £3335. Bar silver 38 1/2 percent Mexican dollars 48. Government bonds steady railroad bonds weak.
MENTIONED IN THIS ARTICLE
New York
Mar
Prime Mercantile
Sterling Exchange
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United States
Fond Market
Curb Market
Baltimore Securities
Alaska
American Marconi
British-American Tobacco
British Columbia
Giroux Consolidated Ar
Greene-Cananea
Rose Consolidated
Mason Valles Te National Sugar
Nipissing Mines
Standard Oil of
Stewart Mining
Tobacco Products
United Cigar Stores
Centennial
Vepper Range Consolidated Co
Hast Butte Copper
Ranklin
Hroua Consolidated
Granby Consolidated
Nevada Consolidated
North Butte
North Lake
Dominion
Shannontah Consolidated
Utah
Copber Ca
United States Treasury
Cus Pa Mer
Ruse
Hathye
Finn
Egetro
Cuchansvd
Treasury
National Bank
Siiver
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Ag US
Sarena
Gata Coin
Builfon
Divintyo
Washington Stock Exchange
Tae
Washington Produce Marert
Local Financial
W. B. Hibbs & Co
Hi.fiuew
Trac. Ry
Anac
Fot
City & Sub. Gs
Columbia Ry
Metro. Ry
W. Ry
Elec
Elec. Lit
E. Com
Wash. Gag
Merg. Linotype
Amer. Nat. Bank
Cap. Nat. Bank
Com. Nat. Bank
Dist. Nat. Bank
Ae. & M. N. Bank
Nat. Bank
Met. Nat. Bank
Riggs Nat. Bank
N. Bank
Bank of W
Sec
Nat. Sav
Tnion Trust
W. Loan & Trust
D. 5
Trust
Cit. Sav. Bank
Union Savings
B. W. Sav. Bank
StriGer.Am. F. Ing
WiChapin Sacks
Chicago Grain
Buffalo
NEW York Stock Market
Turday
Iion
Amalgamated Copper
Lehigh Valley
IBTAG
Amer. Agricultural
American Can of Aziz
Amer. Car & Foundry
National Biscuit
Amer
Ice Securities
N. Ry
Amer. Sm. & Refining
Am. Sm
Norfolk & Western “Fost Hain
Cueeee Amer
American Tel
Tel Laeig
Northern Pacific
American Tobaccco
Pacific Mail
Anaconda Mining Co
Pacific Tel
Atchigon
Pennsylvenia
Atchison Pfd
People’s
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Tee Idan
Pittsburgh Coal Wef
Pressed Steel
Bethlehem Steel
Brook
Rapid Transit
Pullman Palace Car
Bay Consolidated West
Canadian Pacific
Republic Traneel
Central Leather
Rep. Iron & Steel
Chesapeake & Ohio
Rock Island Co
Chicago Gt
Western
Mochi
St. L
8. F
N. W
Seaboard Air Line
China Consolidated
Seaboard A. L. Ptd
Cole, Fuel & Iron
Slosg
Sheffield S. & I.fice Feenes
Southern Pacific
Delaware & Hud
Denver & Rio Grande
Tennessee Copper
Denver & Rio Gr
Texas & Pacific
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Erley
Erie
United States Realty
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Tlinots Central
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Interborough- Met
Inter
Harvester
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Young & Simon
New York Avenue
American Union Fire Insurance Company
Frankfort General Insurance Company
the Insurance Company of
State of
District of Columbia
Setata
Philadelphia Underwriters’ Association
James F. Stone
R. G. Olluers, Jr
Real
Freestone
Cheatnut Street
Oiseion
Frankfort General Insurance
Frankfort-on-Main
Interset Bus
Totat
Lansfurtres
A. Franklin
U.S Merend Atty
Geal
Bdwin G
Marks
Kings County
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New York County
Biecka
Selarieg
Fed
TPZ
Senate
Porter
GEO GO
Mathly Ja Dey
Wil Sandes
Bullitt
Lawrence Barnum & Co
F St.n. W
Washington, D. C
Beastos
Columbia Cal Estate
Real Estate Trust CO
Street
Galveston
New Orlean
Moblie
Charleston
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Sane
Araness Pass
Wean Bod
Brunswick
Jacksonville
Texas City
Augusta
Memphis
Louie
Cincinnati
Little Rock
Great Britain
Continent
NEW York Grain
Lewis Johnson & Co
Pennsylvania Ave
Weat
A. G. Plant & GO
Washingtos Stock Exchence Bankers
Washington & Southern Bank
G Street
Selvin
Ecce
Lawrence J. Dietz& CO
Woodward Rd
the Stock Exchange
New c. FF
Hutchinson
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Ead
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Richmond
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Union Station
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Leeat
Guna
Weer
A. C
Sret
Chesapeake and Ohio
Pullmar
Clocinnatt Am
Cale Pom
Oulartile
Clicia
Agp
Tae Dali “Steepees
KS Pa Avy