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Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Mar 18, 1905

Page

33

Market Follows Sharp Slump as Selling Overwhelms

Greater general weakness swept U.S. stocks with declines tied to selling pressure and bank reserve concerns. Banks faced losses around $22,000,000 as call money dipped, amid a broad overbought market correction and subdued foreign markets led by Paris and London.

New York Money Market And Stock Quotes Report

The report lists New York money market rates with call money at 3 4 percent and near term loans at 3 percent, along with prime mercantile paper at 4 percent. It also shows Sterling exchange rates and government bond standings. Bradstreet weekly bank clearings show substantial increases across major cities, led by New York and Chicago, with many cities posting double digit gains.

New York Bakers

New York March 17 Bond Certificates Market Summary

A broad list of bond and certificate offerings across major lines and finance groups appears. American Tobacco, Atchison, Atlantic Coast Line, Baltimore and Ohio, Central of Georgia, Chesapeake and Ohio, Chicago and Alton, Chicago, Burlington and Quincy, Chicago and Pacific, Colorado Midland, Cuba, Denver and Rio Grande, Distillers Securities, Erie, Fort Worth and Denver City, Hocking Valley, Japan fire certificates, Louisville and Nashville, Manhattan consol gold, Mexican Central, Missouri Kansas and Texas, National Railroad of Mexico, New York Central, New Jersey Central, Northern Pacific, Norfolk and Western, Oregon Short Line, Pennsylvania, Reading, St Louis Iron Mountain, St Louis San Francisco, St Louis Southwestern, Seaboard Air Line, Southern Pacific, Southern Railway, Texas and Pacific, Toledo St Louis and Western, Union Pacific, United States Steel, Wabash, Western Maryland, Wheeling and Lake Erie, Wisconsin Central are listed with various 4s, 3s, 2ds, and other values offered. This indicates active trading and certificates outstanding in the New York market.

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 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 New York Central N.Y Norfolk and Western Norfolk Ern Ink Pacific Mall Ste 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 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 United Manhattan Consol Gold 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 Slump Amid Heavy Selling In High-Priced Stocks

The market finished very heavy after a day of broad weakness led by declines in Union Pacific New York Central and St Paul as profit taking and rumors of Paris financial trouble weighed. Brokers reported heavy weekly selling from speculative houses and Western wire houses while some relief came from small recoveries late in the session.

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 Report March 17

Wheat prices rise on foreign news and favorable weather with May futures up to 1 12 percent. May at 111 and 112 percent, July 58 44 to 97 18, Sept 89 to 90, with receipts 2 026 bushels and exports 36 590. Corn and oats show mixed activity with spot steady and May corn near 65, oats steady with mixed white and clipped varieties.

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 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 Activity in New York Sees Decline

The New York cotton market opened Moderately active with a quick start up 2 points but soon fell, drifting about 7.80 to 7.82 for May as wire houses and local operators traded heavily. By midday prices moved slowly, with rumors of large Clio on the long side and Wall Street cliques backing sales. Continued trading was noted and the report indicated a continuation on the eleventh page.

Washington Post New York Paris Wall Street Japan London West Juste Metropolitan Street Railway Metropolitan Securities Company Metropolitan Securities Interborough W. B. Hibbs & Co F Street New York Stock Exchange Washington Stock Exchange Chicago Board of Jhade

Local financial gossip stirs dull Washington board

The Washington board opened amid merriment as a venerable member carried a small green flag to the presiding officer. Trading was limited and prices largely unchanged, with Gas stock at 68 for 100 shares and a closing bid of 67 7 8. Bonds of Washington Railway and Chesapeake and Potomac Telephone traded, while Metropolitan Citizens Bank bid $350,000 for 1,000 shares. Mr. C. C. Glover of Riggs Bank departs Sunday for Cuban waters with the Navy secretary and several senators, foreseeing a two week absence.

Washington Railway Chesapeake and Potomac Telephone Washington Railway and Electric Washington THY Greene Copper Washington’ Railway Washington Bailway and Electric Bauch 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 Kansas City Cleveland Detroit Milwaukee Decreae Richmond Axlante Charleston S. C Wilmington Del Chattanooga Wheeling W. Va Macon Lexington 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 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 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 Tocal T&c NEW York Grain District of Columbia Hesskele & McLwran E Bates Pruett Ding Chesapeake and Potomam Telephone Company Eateck Capital Traction Lanston Tite ‘Insurance Conmacranie 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 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 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 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 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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