Early Gains Lost as Loans Hit Six Percent in New York
New York stock market opens with gains but fails to sustain momentum. London raises American stock quotations and foreign buying appears strong. Short-covering supports prices briefly while higher interest rates and gold shipment expectations weigh on sentiment. German banks bid nine percent for end of month accommodations. foreign exchange slumps with sterling off sharply. Eager demand fades, large earnings declines noted in several issues. Total par value sales reported at $2,100.00 with Panama bonds advancing slightly.
MENTIONED IN THIS ARTICLE
New York
Mar
London
Manly
Hoertin
Germmar Otn As
Germany
Donaind Sterling
Goodrich
Panama
Pbills
Europe
United States
Tima
Prime Mercantile
Sterling Exchange
Dille
Washington Stock Exchange and Market News Summary
Washington Stock Exchange notes Regular call at noon with Washington Railway and Electric bonds and common shares trading, plus Capital Traction and Washington Gas positions. Gas bonds and a New York market roundup follow, including wheat, corn, oats, barley futures and livestock prices, with regional price movements and export activity.
Wall Street Gossips on Bond Prices and Industrial News
Money demands keep prices low as institutions sell bonds in New York trading. New low quotes appear for Burlington joints and collateral trusts, Atchison Short Line 4s fall below 90, Western Maryland 43 weak, and Detroit United 4 1 2s and Bash second 5s hit new lows. Missouri, Kansas and Texas to issue 19 million dollars in two year 5 percent notes to refinance maturing debt. American Sugar Refining reports 42 60 percent decline in operating profits for 1912 after prior high earning, while London and Continental markets buy shares on NYSE aided by arbitrage and direct cable purchases.
MENTIONED IN THIS ARTICLE
New York
Mar
Allis-Chalmers
Inamerin Agricultural
Ds. Brook
Ansit
Georgia
Chesapeake and Ohio
Chicago
Asten
Nee
Gen. Yew
Mil
Bae
Pac. Ry
Colorado and
Sou
Delaware and Hudson Cy
Denver and
Rio Grande
Distillers
Erie
Ilinois Central
Interborough-Met
IVA Inter
Merc. Marine
Japan
Kansas City
St. Lous
San Fran
Louis Southwestern
Air Line
Southern Pacife
Southern Pacific Co
Southern Pacific R. R
Ae Southern Railway
Southern Railway
Union Pacific
Pais
Ubber
Chemicai
Wabash
Ba Western Ma
Westinghouse Electric Co
San
Wisconsin Central
Burlington
Maryland
Atchison Short Line
West Shore
Detroit United
Baltimore and Ohio
American Sugar Refining Company
Missouri Pacific
Car and Foundry
Aim
OOIN
M. 2d
New York Central
Norfolk and Western
Am Tobacco
Pacific Mai
Anaconda Minin. Co
Pacific Tel
Atchison
Pennsylvania
N Gas
Atchison Pfd
Atlantic Coast Line
Baltimore and Ohio Ldot
Pittsburgh Coal
Bethlehem Steel
Pittsburgh
Brooklyn R. T
Pullman Palace
Canadian Pacific
Republic
Chicago G. W
jRepublic IL
S. Ptal
Rock Island Ca
Rock Island Co
China
S. F
Seaboard Air
Consolidated Gas
Seaboard U. L
Delaware and Hudson
Southern Pacific
R. G
R. G. Pt
Southern
United States Rubber
Great Northern Pfd
United States Steel
Great North
U. S. Steel Pfa
Meeney
Illinois Central
Utah Copper
Care
Chemical
Interborough-Met. Pfd
Eee
Care. Chem. Pfd
Pfa
Inter
Harvester
Inter. Marine of
International Paper
Western Maryland
International Pump
Western Union
Kansas City South
Westinghouse
Lacle de Gasparna di
Lake Hiie
Holland Says Cotton Is Keystone Of Nation Prosperity
New York report argues cotton from the South underpins U S prosperity and European credit, with the South's harvests fueling vast trade balances. It notes cotton’s central role in maintaining food and industrial exports, illustrating the arch of national wealth built on Southern cotton.
MENTIONED IN THIS ARTICLE
Holland
Europe
Great Britain
Baltimore
South
United States
West Virginia
Ltis
Local stock prices and large insurance reshuffles noted
Trading on the local Stock Exchange showed small changes with Washington Railway and Electric up a point and one share sold at 1 1 2. Preferred barely steady. Capital Traction demand up. Washington Gas firm. Mergenthaler and Federal National Bank small lots traded. Four Commercial Fire Insurance directors resigned amid a probe into large counsel fees. judge Ashley Gould signaled possible resignation. Panama Canal law requires railroads to disclose water transportation ties by April 15. Cotton remains central to U S prosperity with vast export values and anticipated growth in manufactured cotton goods for world markets.
MENTIONED IN THIS ARTICLE
Georgetown Gas
Ind
Washington Gas
RAIL
Ital Traction Co
Columbia
Mort
Columbia Railway Gs
Metropolitan Ss
Wi . Alex
Mount Ver
Potomac Electric Con. Mort
Potomac Electric Power Ist
Nea
Ches
Potomac
Col. Paper Mfg
Norfolk and Wash
Capital Traction
Railway and Electric Com
Railwand Electric Pfd
Norfolk and Bett
Eastern Light and Fuel Co
American
Mergenthaler Linotype
Anston Monotype
Greene-Cananea National Bank
Chicago
Washington
Mae
American Security and Trust
Q. Durum
National Savings and Trust
Ion Loan and Trust
United Sates Trust Co
Citizens Savings
Union Baviness
Corn— Roy
East Pence
Arlington
BOK National Union
KOR
Apin Sacks Co
Col. Pi
Philadelphia
Local Stock Exchange
Washington Railway and Electric Common
Mergenthaler
Federal National Bank
Chesapeake and Potomac Telephone
Washington Railway and Electric
Commercial Fire Insurance Company
John. W. Childress
W. F. Roberts
Allen C. Clark
Martin Wiesand
Ashley M. Gould
Charles A. Douglas
Charles A. Carusi
First National Fire Insurance Company
Mr. Carusi
United States
Lancashire
France
England
South
South America
Panama Canal
New York Cotton Prices Slip Slightly After Early Gain
The New York cotton market faded from yesterday's advance with steady close and a net decline of 5 to 9 points. Futures show mixed shifts across the curve from January to December with varied highs and lows reflecting a cautious trading day.
MENTIONED IN THIS ARTICLE
New York
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