Wall Street Panic Deepens Amid Massive Trade Volume
The market saw 2.5 million shares traded as prices swung wildly in broker offices and on the floor. Union Pacific led losses with a sharp fall, while Reading and Southern Pacific also tumbled. money markets tightened and fears spread from New York to London amid calls for additional collateral and renewed government relief.
MENTIONED IN THIS ARTICLE
In &x
Herriman
London
New York
Harriman
Hr. H. Rogers
Rogers
Rock Island
Southern
Union Pacific
Mr. Harriman
Alton
Afi
Algo
Wall Street
Trust Company
Frank Vanderlip
F. A. Vanderlip
National City Bank
Haseen
Slump at Philadelphia Stock Exchange echoes New York
On March 14 in Philadelphia stocks tumbled with a semi demoralized close. Reading led declines as United Gas Improvement slipped to 80 1 2, Cambria Steel to around 395 4, Black River Storage to 471 2, Lehigh Valley to 87, Lehigh Navigation to 5, and other issues fell one to three points. Prices neared bottom levels, with some quotes among the lowest in years.
MENTIONED IN THIS ARTICLE
Philadelphia
Philadelphia Stock Exchange
Pame
New York
United Gis
Cambria Steel
Lehigh Valley
Lehigh Navigation
Sie Jeefest
Millions Poured Out as Cortelyou Aids Money Market
Secretary Cortelyou moved to ease stock market stress, unlocking about 71 million dollars by permitting banks to retain additional circulation and redeploy bonds. The action aims to bolster liquidity without setting a precedent, amid suspicions of a wider financial scheme targeting President Roosevelt era policy.
MENTIONED IN THIS ARTICLE
Cortelyou
Relef
Wall Street
Retirement orders and bond redemption under Aldrich act
The text describes government actions on retirement of bank circulation, replacement with U.S. bonds, and a raised retirement cap under the Aldrich act. It notes banks will withdraw from circulation using Treasury deposits, with March and April engagements totaling several million dollars, and discusses customs receipts deposits and regional effects. It also covers redemption terms for 4 percent bonds of 1907, anticipated interest, and Treasury’s authority to redeem up to 25.1 million dollars of bonds with cash, plus procedures for presenting pledged bonds for redemption.
MENTIONED IN THIS ARTICLE
New York
Cortelyou
Treasury
Secretary of the Treasury
Department
United States
Shaw
Boson
Philadelphia
Baltimore
Chicago
St. Lows
Cincinnati
New Orleans
San Francisco
Buffalo
Cleveland
Syracuse
Rochester
Pittsburg
Detroi
Plattsburg
Ogdensburg
Albany
Troy
Treasury Department
Secretary of the ‘Treasury
Copper Stocks Decline Sharply After Panic in Boston Market
Panic hit the Boston copper market on March 14 as heavy selling overwhelmed brokers. Prices fell 5 to 20 points with Trinity dropping to 1914 before a fractional recovery. Osceola, North Butte, Copper Range, Utah, Quincy, Tamarack, and Butte Coalition all tumbled, money rates rising toward 1 percent.
MENTIONED IN THIS ARTICLE
Boston
Mar
Trinity
North Butte
Copper Range
Utah
el Quincy
Tamarack
Butte Coalition
Thines Capital in Danger View With Alarm
Avanta Ga March 14 Before adjourning its annual convention today the Southern Ice Exchange adopted resolutions viewing with great alarm the actions of national state and municipal governments in aggressive moves against invested wealth and transportation interests. The resolutions condemn hours of labor legislation employer employee interference by law and the attempt to regulate business by law as undermining confidence in investments and devaluing labor and its product. A copy of the resolutions was sent to President Roosevelt.
MENTIONED IN THIS ARTICLE
Avanta
Southern Ice Exchange
Roosevelt
Miners Protest Advance in Coal Rate Move
President John Mitchell of the United Mine Workers and W D Ryan secretary of the miners organization joined Commissioner Wood of the Indiana railroad commission as they left Indianapolis for Washington to protest before the Interstate Commerce Commission against a 10 percent rate increase by coal carrying railroads in Indiana and Illinois. They warn operators will offset this by lowering wage agreements, placing the burden on miners.
MENTIONED IN THIS ARTICLE
Indianapolis
Ind
John Mitchell
United Mine Workers of America
W. D. Ryan
Iinels Mine Workers’ Organization
Gommiesioner Wood
Indiana Railroad Commission
Washington
Interstate Commerce Commission
Indiana
Shlinois
M@Crea
Pennsylvania Railroad
Gov. Dineen
Stead
Illinois
Er. H. Harriman
Harriman
Ilinois
Chicago and Alton
Alton
Department of Funnce
Morgan
White House
Knapp
Congress
Conference in Danger McCrea Rejects White House Visit
Railroad leaders weigh a stalled Washington meeting as James McCrea says the Pennsylvania Railroad will not attend without a formal invitation from the President. Roosevelt presses rail regulation, considers federal oversight, and weighs antitrust actions while Harriman and others push to curb state caps.
MENTIONED IN THIS ARTICLE
McCrea
White House
J. Pierpont Morgan
New York
James McCrea
Pennsylvania Railroad
Uniess
Mellen
New Haven
Newman
EB. H. Harriman
Washington
Railways Rule Controversy Calls for Expanded Oversight
In Cincinnati Ohio on March 14, Governor Smith of Georgia urged limited government railroad ownership to curb abuses and pressed for stronger powers for the Interstate Commerce Commission and stricter control of capitalization. He warned of stock watering, the dominance of combine interests, and the need for national railroad regulation. he also endorsed La Follette if nominated.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Cinemoash
Ohio
Smith
Georgis
Cincinnati
Nations
Railroad Commission
National Railroad Commission
Supreme Court Bench
United States
la Follette
Wisconsin
Senator la Follette
Weather Conditions and General Forecast
Weather notes describe heavy rain in the Ohio Valley Wednesday night but not Thursday. Rain in Gulf and Atlantic states with snow in Lake region and Upper Midwest. Colder in Ohio Valley and Middle Atlantic. warmer in central valleys and West. Winds vary by coast. ships to Europe face northwest winds. Temperature readings follow with various times and figures.
MENTIONED IN THIS ARTICLE
Ohie
Gulf and Atlantic States
Lake Region
Mindsalop
Pacific Coast
Ohio Valley
Middle Atlantic States
Gulf States
Upper Lake Region
South Atlatic
East Gulf States
Laks
Oramon
Montens
Pacifc
Rtotes
Atlantic
South Atlantic
New England
Middle Antlantic
Gulf
Lake Michigan
Steamera
Grand Banks
Also Mentioned on This Page
Ives Allitson
Lalimore
Unio Hirook
Tapid ‘Cransit
Land
Pasite
Pau
Reat Northern
Titer -Worrapolitan
Aavtwe Na
Nashevie Miwoy
Pate Dintarto
Western Bortolk
Western
Pennsylvania
Reading Rock Island
Paelite
Tentway Linen Paelte Northern Pale
Ama
Copper
Belxaare and
Hudson Aynelers
Sugarolorado
Elec Republic
Union Pacific Transachona
MS To Mei
Perros
Anaconda, Smelters
Delaware and Hudson Sloss SheMeld
Y Anaconda
St. Paul
Great Northern
New York Central
Northern Pacific
Reading
Southern Pacific
Borrawea
National Administration
James Speyer
Cortilyou
Bis
A. Herrlmart
Spa
Atlantic Coast Line
Baltimore and Ohio
Chicago and Northwestern
Missouri Pacific
Northern Pacifict
St Pauli
Seague
Erie
Thines
Penny
Middle Western
A. B. Buckney
Chienzo Great Western Hroad
Stickney
Panama
Hoke Smith
Harrimaan
Morgen and Ark
Vanderbilt, Moores, Gould
Relier
Peter Grogan
St. Bet
American Security and Trust Company
Charles J. Bell
Wm. A Moiorney
Ward Thoron
Alfred B. Leet
Trust Department
Fifteenth and
Pennsylvania Ave
Dept of Agriculture
Weather Bureau
Ohio River
Little Kenawds River
Pitts-burgton Waht
Parkersburg
Placin Ag
Marietta
Madison
Louisville
Evansville
Mount Carmel
Missouri
Jefferson
Oak
Sioux City
Town
Susquehanna River
Hadaburs
Office of Publication
Aghaville
Atlanta
Atlantic City
Davenport
Denver
Colo
Des Moines
Iowa
Gelventon
Trax Pi
Helena
Ind. Fla
Kansas City
Little Rock
Ark
Avi Marquette
Mich
Memphis
Tharp
Berkeley Rye
St. N. W
Wilson & Mayers
G Street
Columbia Phonograph Go
F Street
A.W
Randle Highlands
Capitol OF
Ete Nes
Kelling
Realty Company
U 7Th Bt
Ave
Ps. Ave
H.W
Firemen’s Insurance
Beterodt Dairy
Christian Xander
Elliston
Traver’s Business College
Scheel
Berlitz
W.rand Prise
St. Louis
Ote Fryneh
Grimiin
Etm
NWS Business College
Berrios
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