Money Rates Rise As Treasury Flows Boost Lending
Financial news notes higher money rates amid Treasury payments of 15 million to the national banks and 4 million to the Philippine bond issue. Stock market shows general strength with gains in Atlantic Coast Line and related rail stocks while New York Central and other majors advance. Foreign bond talks in Paris create uncertainty, and foreign trade shows February imports up, balancing the month’s trade.
MENTIONED IN THIS ARTICLE
Southern
Atlantic Coast Line
Washington Pit
New York
Maoroh
Clearing House Association
Lere
Marek
Sauliers Talivads
Chicago
Alton
St Paul
Ontario
New York Central
New York, New Haven and Hart Railroad Company
American Car
Wall Street
Paris
St. Petersburg
Russa
Russia
Turedar Rental Reison
Financial Gossip Marks Weak Day on Stock Exchange
A sluggish trading session shows apparent weakness in favorites as brokers hold back. Capital Traction rises to 146, Washington Railway slips a point, and Greene Copper offers 29. Many active stocks see little action though some bids advance, with last year’s prices cited to compare gains.
MENTIONED IN THIS ARTICLE
Stock Exchange
Capital Traction
Washington Railway
Washington Gag
Mergenthater
Lanston
Greene Copper
Chesapeake and Potomac Telephone
American Security and Trust
Union Trust
National Safe Deposit
Washington Logns and Trust Aul Bank of Washington
Riggs Bank
Traders Bank
Washington Produce Market Eggs and Butter Prices Fall as Receipts Climb
Eggs slid to 16 per dozen at noon on the Exchange after a drop sparked by liberal receipts while butter held steady with rising creamery and Western factory prices. Live poultry demand remains varied with higher dressed poultry activity and steady turkey and duck prices. other produce items show mixed movement in New York and regional markets.
MENTIONED IN THIS ARTICLE
Egg and Buller Exchange
New York
American Tobacco
Atchison General
Atlantic Coast Line
Dattimore
Ohio
Baltimore
Central of Georgia
Entral of Georgia 1St Inc
Central of Georgia 24 Inc
Chesapeake and Ohio
Chicago
Alton
Ieeage
Buriingtom
Quincy
New
Denver
Rio Grande
Ogee
Port Worth
Denver City
Hocking Valley
Japan
Louisville
Nashville
United
Manhattan
Consol
Mina
St. Louis
Missouri
Kansas
Texas
National Harbord of
Mexico
New York Central General
New Jersey Central General
Northern Pacfic Ds
Northern Pacific
Norfolk and Western Consol
Oregon Short Line
Pennsylvania
Reading General
Virginia
West Virginia
Tennessee
North Carolla
Wecmity
St Lowig
Iron Mountain
San Francisco
St. Louis Southwestern Con
BOY Seaboard Air Line
Ces
Southern Pacife Is
Sane
Southern Railway
Texas and Pacifle
Toledo, St Sous
Western
Sbty Union ‘Pacife
Union Pacife
United States Steel
Wabash Iste
Wabash Debenture
Maryland
Wheeling and Lake Erie
Wisconsin Central
Stock Quotations From Yesterday's Exchange
Closing bid quotations cover bonds notes and stocks across District of Columbia issues railroad utilities banks insurance and industrials. Notable points include Washington Railway and Electric preferred at 93 percent and common at 34, Capital Traction 146, Commercial National Bank 168, Metropolitan Railroad 55, and National Union Insurance Company 7 percent.
MENTIONED IN THIS ARTICLE
Capital Traction
Washington Railway and Ejectric
Commercial National Bank
National Union Insurance Company
Mergenthaler Linotype
Lanstom
Rall
Washington Railway and Electric
Metropolitan Railroad
Columbia Railroad
City and Suburban Railroad
Angcostia and Potomac
Washington Gas Company
United States Electric Light
Chesapeake and Powmac
Washington Market Company
Potomac Electric Light
Safe Deposit and Trust
National Safe Deposit and Trust
Washington Loan and Trust
American Security and Trust
Washington Safe Deposit
Union Trust Company
Washington Savings Bank
Home Savings Bank
National Bank
Bank of Washington
Metropolitan-Chizeng
Central
Farmers and Mechanics
Ses
Columbia
Capital
American
Linecoln
Riggs
Firemen’s
Franklin
Metropolitan
Corcoran
Potomac
Arington
National Union
Risge
People’s
Commercial
Colonial
Columbia Title
Washington
Chesapeake and Potomac
Washington Gas
Georgetown Gas
Wiis
Langston Monotype
Greene
Norfolk and
Washington Steamboat
Health Appraisal Agency Company
New York Money Market Roundup March 15
New York money market bonds steady as on call rates show 2 to 4 percent bids with 3 percent offered. Time loans at 2 percent for 60 and 90 days, six months 4 1/2 percent. Sterling exchange easy with bankers' bills around 4.8675 for demand and about 4.8475 for sixty days. Commercial bills 4.8444. bar silver at 68 1/2. Mexican deflars at 4.5. government and railroad bonds holding.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Bankers
Market Report From New York Interborough Dividend Declared
New York on March 15 markets show butter prices and receipts steady, cheese prices unchanged, eggs steady, and flour dull. Reports cover pork products, lard, petroleum, copper and tin futures, and London spot metal quotes with local firm copper and steady iron piano. Interborough Rapid Transit Company declares a 4 percent dividend.
MENTIONED IN THIS ARTICLE
Ptroleum
Cordova
Long Island
Atare
Jersey
Liverpool
Locéon
London
Glasgow
Middiessora
Foundry Northern
Foundry Southern
Foundry Southern Sott
Interborough Company
New York
Interborough Rapid Transit Company
Manhattan Island
Sully Dominant In Cotton Bulls Move On NY Exchange
Special to The Washington Post from New York March 15 describes Daniel J. Sully, once labeled King of the Cotton Pit, rallying prices after bankruptcy discharge. May cotton closed at 7.85 last night and rose to 7.97 intraday before easing. March 7.75, May 7.84, July 7.81, October 7.36. Sully vows to press another campaign amid pandemonium and rumored Wall Street backing led by Joseph H. Hoadley to force covering of large short lines.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Daniel J. Sully
United States
Sully
Nowise
Theodore Price
Price
Wall Street
Joseph H. Hoadley
Cotton Exchange
New Orleans
Cotton Letter From New York Amid Market Fluctuations
A March report notes an initial buoyant start in cotton trading with eight cent prices then reversing to a sharp drop of 14 to 17 points from the morning high. May and July futures hover near 7.97 and 7.98 respectively as spot holders in the South sell, exporters and spinners still hold orders, and farmers see the market rally despite large purchases. Fall River mills seek spot cotton but struggle for needed grades as Liverpool is expected to drop about 6 points. Prices and futures remain steady with spots unchanged. Miller & Co. supplied the quotations from the New York and New Orleans Cotton exchanges.
MENTIONED IN THIS ARTICLE
New York
South
West
Fall River Mille
Liverpool
Hugh. Low
Maren
New York Cotton Market Heads Toward Net Decline
The New York cotton market showed lingering nervousness with early gains around 34 points but faced heavy selling as May futures rose to 7.98 and July to 7.93 before closing with a net loss. Opening was firm for April, with active months up about 4 to 100 points, while port receipts remained heavy and buyers grew cautious after yesterday’s gains.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
F Street
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
New York
Wall ‘Straat Bears
Philadelphia
King
Live Stock Markets and a Dividend Suit in New Jersey
New York market figures show BEEVES receipts 1,294 with steers firm to higher, bulls and cows steady, calves strong. cattle prices listed, with high end for veals. Chicago cattle and hogs receipts reported with steady to higher trends, lambs strong. Trenton suit filed by Richard Slesman seeks use of company surplus to pay $324,800 in dividends on Electric Vehicle Company stock.
MENTIONED IN THIS ARTICLE
New York
Tomorrrow
Chicago
Trenton
N. J
Richard Slesman
Court of Chancery
Electric Vehicle Company
Siegman
Also Mentioned on This Page
Delaware and
Hudnor del
Lackeid Western
Denver and
Distillers
Securition Erie
Erie
General Electric
Nhineig Central
International Paper
International Paper International Pump
International Pump
Iowa Central
Kansas City
Nashote
Metropolitan Securities
Mexican Central
Mini
St. P
Ste. M
Missouri Pacific
Kansas and
Tex
National Discuit
Nat. R. R
Ont and Western
Kalk and Western
Norfolk and Western
North American
Pacific Mail
Pennsylvania People's Gas
Pitts
St. B
Pullman Palace
Republic Steel Republic Steel Pta
Rock Island Co
Rock Island Fo
St. L
San F
St Lows Southwestern
Tennessece Coal and Iron
Texas and Pacific
St L
Union Pacific
United States Leather
United States Rubber
Chemical
United States Express
Wabash
Wells-Fargo Express
Westinghouse Electric
Western Union
Wheeling and
Lake Erie
Wisconsin Central Ptd
Common
Preferred
Commercial Bank
Metropolitan Citizens' Bank
Washington Produce Market
New York State
State
Bermuda
Havana
Florida
California
State and Western
Norfolk
NEW York Stock Market
Adams Futprese
Ay Am
Far and Fundry
Jo Amerane Foundry Ptd
Bat
Armarlean Ce
Imerean Express
Amer An Lee Pr
America
Pat
Aw Snell
tenPita Wining Co
Bett Arere
Oho
Ain
Fey
New Jersey
Paul
Buckten
New York Exchange
Stock, Grain and Provision Co
Loring Wire
Wahington
New York House
Loring
Havenner & Kennedy
Home Life
Tel
Qats
Sea
Sorento
B’y Com
Mergenthaler
Union Trust Co., Washington Gas, Lanston, Bank Stocks
D. of C
F. H. Smith Co
Los
N. Y. Ave
Equitable Co-Operative Building
Equitable Building
F St
John Joy Edson
ELLIS #PHAR
Geo
Frank P. Reeside
B. P. Snyder & CO
F St. N. W
Imm Ponde
M. J. Sage & Co
Moore & Hill
Mth Street
Miller & Co
Street
Mdg
Stack
Galveston
Fteady
Savannah
Charleston
Boston
Sacksonville
Houston
Augusta
Cincinnati
Great Britain
France
Continent
Plaxico
Swartzell, Rheem & Hensey Co
Warner Building
Comptroller of Currency
Riggs National Bank PA
U. S&s. Treasury
Ralph W. Lee
G Street
Gor
Traders National Bank
Geo. C. Henning
N. W
U. S
N.d. Miller
P. Mille Miller & Company
Broadway
Corporation
The
National Sate Deposit, Savings and Trust
18Th ST
New York Ave
Arthur Wall
Lynn, Wall & Co
F Street Northwest
Adams Building
the American Audit Company
New York City
Public
Th. S. Cu
R. Lappin
St. N. W
Cor. F
Chesley & Stence
Colorado
Wade & Hedge
N.Y
Xeep Weill
N.W
Washington, D.C
Cor
Boardwalk
Atlantic City
Mergenthaler Linotype Company
Fred'k J. Warburton
John W. Frank
Melrose
Clifton
Forthwest
North
District of Columbia
Heiskell & McLean
Nervate Ag
Griffin Halstead & Co
F Street N. W
New York Consolidated Stock Exchange
Cceaele
Hose
Commercial National Bank Cor
Sts. N.W
Lewis Johnson & Co
Moore & Schley
Francis A. Smith
Alvin M. Lothrep
W. Prea
Guingy Smith
John B.awan
Fulton Harris
Jackson H. Ralston
Ribey
Wen
Union Savings Bank
7Th
John Joy Fersax
Swope
Ellis Spear
Andrew Paraer
HARRY G@ NEEM
Bayd Taylor Thomas Bradley
Rregeren
Treaurer
Res Estate Oficer
C. Martin Brand
Ely
Joan Surety
Warder
Metropolitan Loan and Trust Co
E Street N. W
Washington Mortgage Loan CO
American Loan CO
14Th St. N. W
É&Cc
Towner
Timat Conveniens
Planos
Iuaus Wits
Ad Business
District Loan Co
W. Cor
Commialetona
National Loan and Investment Go
No. Cor
Mear
Treasury
Mutual Loan and Trust Co
F St N W
Potomac Guarantee Loan
Atlantic Building
Nancy
Wational Mortgage la
Company
I F BT. NW
Saperive