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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Mar 18, 1905

Page

2

Stock Market Slump Widens Under Heavy Selling Pressure

Greater general weakness marked today's session with declines driven by broad selling. Bank losses and a weak call money rate failed to support prices, while speculation had pushed stocks to overbought levels. Foreign markets sagged amid war concerns and cautious U.K. bank readings, as traders faced renewed large-scale selling and near-dawn rally fading by close.

Washington Post New York Paris Wall Street Japan London

Money market report and bank clearings across cities

New York money market shows call money at 3 4 percent with bids at 8 percent and offerings at 3 percent, time loans easy at 6 8 percent for 90 days, prime mercantile paper at 4 percent. steady government and railroad bonds. Bradstreet-compiled weekly bank clearings list New York at 1,971,617,166 dollars with 88.2 percent increase year over year and many other cities showing varied gains and losses. additional balances and quotes on securities and local issues follow.

New York Bakers

American Tobacco and Rail Bonds Certificates on Offer

New York on March 17 reports a list of offered bonds and certificates including American Tobacco 4s, Atchison 42, Atlantic Coast Line 4s, Baltimore and Ohio Central of Georgia 24, Chesapeake and Ohio 448, Chicago and Alton, Chicago Burlington and Quincy, Chicago and Pacific routes, Colorado Midland 4s, Cuba 68, Denver and Rio Grande 4s, Distillers' Securities 63, Hocking Valley 45, Louisville and Nashville 4a, Mexican Central 43, Missouri Kansas and Texas 40 and 2ds, New York Central 3148, Northern Pacific 3a, Oregon Short Line 4A, Pennsylvania 3%e, Reading ds, St Louis Iron Mountain, St Louis San Francisco tg 48, St Louis Southwestern 4s, Seaboard Air Line 4s, Southern Pacific 45, Southern Railway 5a, Texas and Pacific Isla n, Toledo St Louis Western 43, Union Pacific 4a, United States Steel second, Wabash 8, Western Maryland 43, Wisconsin Central 4e. All offered.

New York Big Adams Express Ace Amalgamated Copper Am Car and Foundry Ameren Anda Mining Co Chicago and Alton Chicago Great Western Northwestern Chi Mal St Paul St Louie Colorado Colo.g South Colo Delaware and Hudson Del Lack and Western Rio Grande Rio Grande Pia Distilers’ Securities Ri Erie Sa Erie Pia Erle General Electric i Hocking Valley King Valley International Paper International Pump Iowa Central Nowa Central Kansas City Hangar City Kana Mexico Pia New York Central N.Y Norfolk and Western Norfolk Mather American Tobacco Atchison General Atchison Adjustment Atlantic Coast Line Baltimore and Ohio Central of Georgia Chesapeake and Ohio Chicago, Burlington and Quincy Pew ‘Se RL and Pacific R. R R. I and Pacific BR. Ay Col St Louis Genemek Lego Colorado Midland Colorado and Southern Cuba Denver and Rio Grande Distillers’ Securities Erle Prior Len Erle General Fort Worth Denver City Japan Louisville Nashville United Manhattan Consol Gold Mexican Central Loc Minn SE Loula Missouri Kansas Texas Missouri, Kansas and National Railroad of Mexico Consol New York Central General New Jersey Central General Northern Pacific Oregon Pennsylvania Iron Mountain San Francisco Louis Southwestern Seaboard Air

Wall Street Shares Slide Amid Heavy Liquidation

Market trends turned downward with profit taking dominating the session. High priced stocks like Union Pacific New York Central and St Paul led declines while some less-connected issues and railroad names steadied or recovered briefly, rumors of Paris trouble and widespread selling by speculative houses weighed on prices.

Aperlatto Washington Pos Oy New York Faffire Ag Union Pacific New York Central St. Paul Paris Advance Ing Lkely Union Pacific

New York Grain Market Briefs on Wheat and Corn

New York reports mixed grain activity with wheat firm on foreign news and weather, May and July contracts rising to around 1.12 and 0.97 respectively while Corn shows a dull option market with May near 65 and July around 64 13 16. Oats also trade as receipts reach 93,000 bushels with spot steady and differing grade weights.

W. B Hibbs & Co F Street New York Stock Exchange Washington Stock Exchange Chicago Board of Trade Chicago Argentina Sharis Mintegpola Minneapolis Bradstreet’s Duluth Tocal T&c New York Manitoba Grosa Saies Galveston New Orleans Savannah Norfolk Baltimore Beaton Laan Philadelpnia Teady Brunswick Newport News Port Townsend Houston Augusta Memphis Cincinnati Louisville Japan Great Britain Continent France Mexico

Cotton Market Faces Moderate Activity and Declines

New York reports show a moderately active cotton market with an opening that slips about 2 points, then dipping 2.5 to 3 points as selling increases through wire and commission houses. Large operators and Wall Street influence push prices around midday, with May near 7.82 before orders intensify.

W. B. Hibbs & Co F Street New York Stock Exchange Washington Stock Exchange Chicago Board of Jhade New York

Local Wall Street Gossip At Board Opening

The opening session brought merriment as a venerable member presented a green flag to the presiding officer amid applause. Trading was limited though interest in Gas stock revived with 100 shares at 68, bonds of Washington Railway and Chesapeake and Potom tam Telephone found buyers, and Metropolitan Citizen Bank bid 350 for 1,000 shares. Mr. C. C. Glover of Riggs Bank heads to Cuba with officials for a two week trip, the exchange awaits his return.

Juste Metropolitan Street Railway Metropolitan Securities Company Metropolitan Securities Interborough Bauch Chesapeake and Potomam Telephone Company Eateck Capital Traction Lanston Metropolitan Citizen’ Bank Loca Washington Railway Company C. C. Glover Riggs Bank Secretary of the Navy Cuban

Also Mentioned on This Page

New York Stock Market Bradstreet Boston Philadelphia St. Louis Pittsburg Cleveland Detroit Milwaukee Decreae Richmond Axlante Charleston S. C Wilmington Chattanooga Wheeling W. Va Macon Lexington Salas—Washington Railway and Wiegtrie Chesapeake and Potomac Telephone Washington Railway and Electric Greene Copper Washington Railway Lanston Monotype Washington Gas Chesapeake and Potoma Et Weahington Railway Draizaecays Yeate District of Columbia Philippine Land Purchase Honda Utml ‘Praction Railroad Metropolitan Railroad Metta Rad Columb City and Pharalison Gai Anaco Tacilway Electric 4A Ae Bh Faphinaten Genom Ges Company Atk Datiea Pilectric Chesapeake and Potoms Telepite ‘Sa Washington Iy Igh J. Fatomas Ight Grate National Safe Deposit and Trust Washington Loan and Trust Union Trust Company Washington Savntes. Bank Home Bevings Cepitel Tractor Washington Warmer Balweyo and Electrice Bank of Bank Commerce Sietropolitan-citteeny SH Cen Farmers and Mechanica Secong Pany ¢S Pitts Az Pui Ourere Annette Republie Rock Island Co Toy Trion Pacific Ome United States Healty Low United States Rubber Sbi United States Steel Pfa Car. Chemical Wheeling and Lake Wisconsin Central Wisconsin Central Faye Br A.adttooa W.bi Hibbs & Co Bankers An Rs Mis Ane New York Stock Ge Chicago Board of de Marc Naa U. S West Columbia Capital American Traders Lincoln Riggs Franklin Metropolitan St. Corcoran Potomac Arlington National Union People’s Commercial Coronial Heal Estate Title Columbia Title Chesapeake and Potomac Americas Wasington Gas Georgetown Gas Mergenthaler Linotype Lanaton Monotype Greene Consolidated Copper Washington Market Washington Steamboat Nate Majestic Chesapeake Ohio NEW York Grain Leah District of Columbia Hesskele & McLwran E Bates Wasbh Pruett Ding Tite ‘Insurance Mergenthaler Board of Directors Monoline Belef Lssue WB. Hibbs & Co St. NW N. ¥. Stock Exchange Wash. Stock Exchange Washington RY Washington RY. Com Union Trust CO Mergenthaler, Lanston, &c the Stock, Grain, and Provision CO Wall St Loring Wires Washington Loan Office Corner 51 Acta Cari JOHN JOY _EDSON John A. Swope Ellis Spear Andrew Parker Harry G. Seem Boyd Taylor Thomas Bradley Reveyer Treasuer + Hes Eee C. Martin Brand Bulding and Loan Association Zoane National Mortgage Loan Company F Ad OX Furniture Planos Potomac Guarantee Loan CO N. W. Atlantic Building Mutual Loan and Trust Co F St. N. W Teoma Wahder Cane Aickness E Street N. W Plana National Loan and Investment Co Corlith G Sts Treasury Swartzell Traders National Bank Geo. c. Henning Riggs National Bank PA Ave Oprosith U. 5. Treasury Equitable Co-Operative Building Association Equitable F A John Joy Edson Ellis Apear Geo. W. Carilear Frank Fpreside Griffin Halstead & Co New York Consolidated Stock Exchange Ueries Meller P. Miller Miller & Company Broadway NEW Ocrx Stock Exchange Cooper Exchange Cotton Exchange John V. Barross Massachusetts Mutual Life Massachusetts Mutual C Nesbit Mr . B. Sleman F. H. Smith Co N. Y. Ave Ralph W. Lee Freak C. Stevens Robt A. Chester Ast Pres N. H. Shea W White Cashier E Claughton Asst Commercial Cor Mthan National Bank IG Sts. N.W Banking House Edward J. Stellwagen George E. Fleming Dson B. P. Snyder & CO M. J. Sage & Co Melo R. Lappin St. W. W Cor Lewis Johnson & Co Bankers Moore & Schley Ot ’ Moore & Hill Wth Street the National Safe Deposit, Savings and Trust 15Th ST New Tork Avs van Favermare Anea Mogtrate Arwuteng John W. Frank Melrous Mase Sybeont Herth Arthur Wall Lynn, Wall & Co F Street Northwest Adams Building Ates Chesley & Spence Colorado Bidg Wade & Hedges WM. J. Sage &Co Francis H. Smith Alvin Y. Bren Z. Quincy Smith John &. Eleman, Jr Mh Palton Harris Jackson E. Peey Kimball Peas Union N Savings Bank BOND Erest Capital Loan Co St. N. W District Loan CO N. W. Corn American Loan CO Gil 14Th St Grimes A&c American Loan Company 14Th St
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