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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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