Stock Market Slump Deepens Amid Broad Selling Pressure
Washington Post report notes record weakness across markets with blends of bank losses and call money retractions. Paris and London sag, U S rails and Smelting shares surge briefly before renewed selling drives prices down to close near session lows.
New York Money Market and Bradstreet Weekly Bank Clearings
Money on call strong with bids around 3 percent and offerings near 3 percent. Time loans easy at 3 to 4 percent, six months 3 3?4 percent. Prime mercantile paper and sterling exchange noted. Bradstreet figures show weekly bank clearings by city, led by New York at about 1.9716 billion, with Chicago and others posting sizable year over year increases.
MENTIONED IN THIS ARTICLE
New York
Bakers
Teoma
Wahder
Erest Capital Loan Co
St. N. W
American Tobacco andRailroad Bond Listings From New York Market
New York interests report listed certificates and bonds across lines including American Tobacco 4s, Atchison 42, Atlantic Coast Line 4s, Baltimore and Ohio, 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 4s, Mexican Central 43, Missouri, Kansas and Texas 40 and 2ds, Northern Pacific 3s, Oregon Short Line 4s, Pennsylvania 3⅝, Reading 3s, St Louis and San Francisco 4s, Seaboard Air Line 4s, Southern Pacific 4s, Union Pacific 4s, United States Steel second, Wabash debentures 8, Western Maryland 43, Wisconsin Central 4s and other listed certificates.
MENTIONED IN THIS ARTICLE
New York
Ade Adams Express
Amalgamated Copper
Am Car and Foundry
Anaconda Mining Co
Atchison
Atchigan Pa
Atlantic Coast Line
Haitimers and
Ohio
Baltimore
Ontoptd
Brooklyn Rapid Transit
Canadian Pacifica
Central of New Jersey
Chesapeake and Ohio
Chicago and Alton
Chicago
Great Western
Chicago and
Northwestern
Mal
St Paul
St Louie
Colorado
Southern
South
Colo
Delaware and Hudson
Beere del, Lack and Western
Rio Grande
Washington Gas
Ieee
Distilers’ Securities Ri
Chesapeake and Pot Erie
Washington Railway
Electite
Erle
General Electric i
Hocking Valley
Ate
King Valley Ptd
Lois Central
International International Paper
International Pump Pf
Iowa Central
Nowa Central
Southern ‘Pi
Obateville
Nashville
Manhattan L
Hetropolitan Securities
Mexican Central
Eos
Ming
St Louis
St. F
Ste
Missouri Pacific
Kansas
Kana
Tex
Nat R. R
Mexico Pia
New York Central
N.Y
Norfolk and Western
Norfolk and
Ern
Ink Pacific
Mather
Electric Bitters
Fruggists
American Tobacco
Atchison General
Atchison Adjustment
Baltimore and Ohio
Central of Georgia
Chicago, Burlington and Quincy
Pew ‘Se
RL and
Pacific R. R
R. I and Pacific BR. Ay Col
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
United
Manhattan
Consol Gold
Loc Minn
SE Loula
Missouri
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 Slumps as Highpriced Stocks Lead Decline
Downtrodden session sees profit taking and heavy selling in high priced issues like Union Pacific New York Central and St Paul with rumors of Paris trouble weighing on sentiment. Traders note liquidation from Western wire houses and widespread unloading as bulls shift away from top stocks while Metropolitan and related issues attract attention amid cautious guidance from wirehouse chiefs.
MENTIONED IN THIS ARTICLE
Aperlatto
Washington
Pos Oy
New York
Faffire
Ag Union Pacific
New York Central
St. Paul
Paris
Advance
Ing
New York Grain Market Reports Wheat Rally and Prices
New York grain notes a firm spot for wheat with a strong rally driven by foreign news and favorable weather. May wheat futures rise to around 112 percent, with July and September contracts posting gains, while corn and oats show mixed activity and subdued option trading amid steady spot values.
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
New York
Manitoba
Cotton Market News From New York Sees Mixed Activity
The March 7 New York cotton market report shows moderate activity with initial gains of about two points followed by declines as selling intensified. Wire and commission houses supplied much of the selling, while large operators and Wall Street cliques traded on the long side, pushing prices down before midday. Continued coverage indicated further movement and a note that the story would continue on the eleventh page.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Paris
Wall Street
Japan
London
W. B. Hibbs & Co
F Street
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Jhade
Local Financial Gossip at Washington Board Opens
A lively opening at the local board featured a venerable member presenting a small green flag to the presiding officer. Trading was limited though interest in Gas stock revived with 100 shares at 68. Bonds of Washington Railway and Chesapeake and Potomac Telephone sold with modest gains and notable bids. Metropolis Bank and Monoline plans sparked high bids, while Mergenthaler faced dividend disappointment as capital stock rose. Mr. C. C. Glover of Riggs Bank plans a two week Cuban waters trip with the Secretary of the Navy and several Senators, subtracting the usual exchange cheer.
MENTIONED IN THIS ARTICLE
Bauch
Chesapeake and Potomam Telephone Company
Eateck
Capital Traction
Lanston
Metropolitan Citizen’ Bank
Loca
Washington Railway Company
Conmacranie
Mergenthaler
Board of Directors
Monoline
Belef
Lssue
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
Cincinnati
Kansas City
Cleveland
Detroit
Milwaukee
Memphis
Decreae
Richmond
Savannah
Axlante
Norfolk
Augusta
Charleston
S. C
Wilmington
Del
Chattanooga
Wheeling
W. Va
Macon
Lexington
Chesapeake and Potomac Telephone
Washington Railway and Electric
Washington Gag
Greene Copper
Washington’ Railway
Washington Bailway and Electric
District of
Columpia
Honda
Utml
Raiiroad
Mekropolitan Railroad
Metropolitan Railroad Sesttl Roatan
City and Sabonakedaa Gai
Anacostia
Washington Railway and
Eleetric
Wi Company
Washington Gea Company
United States
Ig Frat
Berg
Fatomac Electrica Eat
Ina
National Safe Deposit and ‘Trust
Washisgton Loan and Trust
American Sesuray and Trust
Pitts
Az Pui
Ourere
Annette
Republie
Rock Island Co
Toy
Trion Pacific
Ome
Union Pacific
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
Lkely
Juste
Metropolitan Street Railway
Metropolitan Securities Company
Metropolitan Securities
Interborough
Chesapeake
Tocal
T&c
NEW York Grain
District of Columbia
Hesskele & McLwran
E Bates
Pruett Ding
Grosa
Saies
Galveston
New Orleans
Beaton
Laan Philadelpnia
Teady
Brunswick
Newport News
Port Townsend
Houston
Great Britain
Continent
France
Mexico
Tite ‘Insurance
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
Ioan
Cane
Aickness
E Street
N. W
Plana
National Loan and Investment Co
Corlith and
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
Arthur Wall
Lynn, Wall & Co
F Street Northwest
Adams Building
Ates
Chesley & Spence
Colorado Bidg
Wade & Hedges
WM. J. Sage &Co
Washington Loan and Trust
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
District Loan CO
N. W. Corn
American Loan CO
Gil 14Th St
Grimes
A&c
American Loan Company
14Th St