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