Market churns as rumors of consolidations lift and fall
The Washington Dispatch reports on volatile Wall Street activity amid rumors of consolidations, holding companies, and dividend guarantees. Traders weigh potential boosts from deals against anticipated market declines if claims prove unfounded, with money rates edging higher and bond markets showing firmer tones. Analysts note a two sided market ahead as professionals drive volume while public participation remains weak. The piece cites optimism over the overall economy but caution over reordered trust in deals and potential future money tightness.
MENTIONED IN THIS ARTICLE
Vorsulda
Guarantess
Tavidends
Wall Street
Vanderhilt Hebings
New York Central
Temnion Paine Company
Vanderbilt
Muckers
Pacine
Thal Wieh
Union
Housevelt
Congress
Wiech
Western Railway
Northern Securities Company
Wit
Chicago, Milwaukee and St Paul
Chicago and Northwestern Railwes Companies
Bohut
Largr
Stock Exchange
Exchange
Brivaty Teoma
Surety Loan Company
Warder
Jowest
Ickness
Dia
Metropolitan Loan and Trust Co
E Street
N. W
American Loan CO
4Th St
Planos
American Loan Company
11Th St
Standard Oil Cuts Kansas Crude Oil Prices and Schedules
Kansas field price cuts announced by Standard Oil. Grade 32 degrees gravity and above now 50 cents, 30 degree oil at 40 cents, 22 to 28 degree oil at 46 cents. Editor P C Boyle visits Kansas and Indian Territory oil fields, noting vast development and potential discoveries from Nebraska to the Gulf of Mexico.
MENTIONED IN THIS ARTICLE
Standard Company
Kansas Field
Chanute
Kans
Standard Oil Company
Kansas
of City
Derick
Oiields
Pennsylvania
Kansas and
Indian Territory
Kansas Cay
Cal. Bayie
Nedosha
Kas
Gulf of Mexico
Tribute to M E Ingalls by Big Four directors
Melville K. Ingalls longtime Big Four president and current board chairman received a testimonial banquet in Cincinnati on March 2 and was awarded a silver tea service by local businessmen. Notable attendees included Oscar G. Murray Joseph Ramsay George W. Stevens James McCrea Al Felton Devatur Axtell W J Murphy G J Grummer Eugene Zimmenian and John Carsten. Indianapolis gas bonds redeemable May 1 notified holders by Central Trust Co New York at 165 and interest.
MENTIONED IN THIS ARTICLE
Big Four
Cincinnati
Ohio
Melville K. Ingalls
Oliveland, Cincinnatti
Chicago and St. Lows Railway
LWO Bueels
Oscar G. Murray
Baltimore
China
Joseph Ramsay
Wabash
Chesapeake andOhio
James McCrea
Fennsylvania Lines
Pittsburg
al. Felton
Chicago and Alton
Devatur Axtell
Chesapeake and Ohio
W. J. Murphy
New Orleans
Texas Pacific
Indianapolis Gas
Indianapol Ind
Indianapolis Gas Company
Central Trust Company
New York
Consolidated Mortgage
SS SS
Financial markets show rising confidence despite low turnover
Anactive Saturday on the Gas stock led to broad sales and a price drop to 681-8 from 67. Bid sizes shifted from quotation lots to larger lots, with 34 shares traded and overall daily activity the largest in weeks. Washington Railway bonds and other issues saw limited trading, while strong interest in Gas bonds emerged and bonds of the Potomac Electric and Metropolitan Railroad attracted bids. Analysts note improving outlook and record bank clearances hinting at continued prosperity ahead.
MENTIONED IN THIS ARTICLE
Woo
Georgetown
Lanston
Riggs Bank
Columbia Railroad
Government
Metropolitan Railroad
Potomac Electric
Washington Railway and Electric Company
Stock Exchange
Lewis Johnson & Co
Henry Very
J. William Henry
Washington Railway and Electric
American National Bank
Washington Gas
Lanston Monotype
Graphophone
Washington Stock Exchange
District of Columbia
Philippine Land Purchase
Capital Traction Railroad
Columbia
City and Suburban Railroad
Anacostia and Potomac
Washington Gas Company
United States Electric Light
Chesapeake and Potomac Telephone Ba
Potomac Electric Light
Safe Deposit and Trust
National Safe Deposit and Trust
Washington Loan and Trust
American Security and Trust
Washington Safe Deposit
Union Trust Company
Washington Savings Bank
Nome Savings Bank
Railroad
National Bank
Bank of Washington
Metropolitan Citizens
Central
Farmers and Mechanics
Second
Capital
American
Lincoln
Riggs
Stremen's
Franklin
Metropolitan
Georgetown Gas
Mergenthaler
Greene Consolidated Copper
Washington Market
Norfolk and Washington Steamboat
Realty Appraisal and Agency Company
New York Banks Show Decline in Loans and Deposits
New York weekly clearing bank statement records declines in loans by 17,976,700 and deposits by 23,716,200 while reserves fall 4,618,400 and surplus rises 6,479,325. The Financier notes overall contraction in loans and a stock market liquidation, with lower clearings and money demand remaining urgent.
MENTIONED IN THIS ARTICLE
New York
Carentalian
United States
Associated Banks
New York Stock Market Quotations Note Sources
The foregeing quotations are the same as those received daily by W. B. Hibbs & Co. bankers and brokers located at 1419 F street. They are members of the New York Stock Exchange, Chicago Board of Trade, and Washington Stock Exchange.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
Bankers and Orokers
F Street
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
Bankers and Brokers
JN. Miller A. P. Miller Miller & Company
Broadway
New York
Washington
New Orleans
Chicago
NEW York Stockh Exchange
NEW York Copper Exchange
NEW York Produce Exchange
NEW York Cotton Exchange
NEW Orleans Cotton Exchange
John V. Barross
Ee Tee
F. J. Lisman & CO
Broad Street
Aves
Gatrret
N. W
Washington Market and Bond Prices on Saturday List
A dense report lists bids and prices on bonds and stocks on the Washington Stock Exchange. Notable entries include Metropolitan Railroad, Columbia Railroad, Washington Gas, and Washington Railway and Electric securities, with yields, maturities, and certificate notes. Also included are commodity figures for butter cheese eggs flour and other market items with fluctuating values.
Baltimore Markets Reported Prices and Aggregated Commodities
The Baltimore market note lists prices across multiple goods and regions as of March 28. Flour and eggs steady, wheat firm with various futures, corn flat, rye and butter steady, sugar strong, with receipts and city notes for Long Island potatoes, peanuts, cotton, and molasses among others.
MENTIONED IN THIS ARTICLE
Baltimore
Southern
Uptown
Eggs and Butter Market Notes with Regional Prices
Eggs show no price change since Thursday as receipts stay ample and demand remains steady. Regional quotes include fresh Virginia and West Virginia at 16 to 25 percent, North Carolina at 16 percent, and Virginia duck at 25 percent. Butter demand exceeds receipts with an upward trend. assorted dairy grades and regional lots list 15 to 28 percent across Western markets, including fancy, firsts, seconds, and store packed fresh.
MENTIONED IN THIS ARTICLE
Virginia
West Virginia
Southwest Virginia
Tennessee
North Carolina
New York Cotton Market Opens Quiet as Prices Ease
New York cotton opened steady to lower on light buying and heavy receipts. Trading was slow with a slight decline, while weekly port receipts ran around 160 000 bales and New Orleans and Houston shipments rose. Swift Co reports fresh beef prices in Washington for the week ending March 25 averaged six and fifty two one hundredths cents per pound.
MENTIONED IN THIS ARTICLE
New York
Galveston
Savannah
Charleston
Wilmington
Norfolk
Baltimore
Boston
Philadelphia
Houston
Augusta
Memphis
Quist
Louis
Louisvilla
Great Britain
France
Continent
Stack
Consolidated
Mexico
Pan
Mextes
W. B. Hitles & Co
F Street
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
UGG
New Orleans
Swift & Co
Washington, D. C
LIVE STOCK MARKETS REPORT FROM NEW YORK AND CHICAGO
New York reports no trading with receipts of 99 beeves and 204 sheep and lambs, dressed beef active at 6 to 8, country veals steady near 9.13, lambs around 8.50 per cwt. Chicago shows cattle receipts 200 with prices to 8.25 for good steers, hogs 5.25 to 6.95, sheep 4.75 to 6.25, live movement firmer in spots.
MENTIONED IN THIS ARTICLE
Ark
New York
Philadelphia
Baltimore
Japan
New Orleans
Rio
Cordova
Long Island
Jersey
Liverpool
Chicago
Also Mentioned on This Page
Clase
Money Market Situation
Russa
Russia
Ruesta
Sterling Exchange
Paris
England
Daniel T. Kellogg
M. E. Ingalls
James Singley
Pelee Island
Ont
Local Financial
Washington Railway Common
Preferred
Chicago Grain
NEW York Stock Market
Wee
Adama Express
Amalgamated Copper
Car and Foundry
American Sugar Refining
Aly Am. Tobacco
Anatonia Mining Co
Atchison
Atlantic Coast
Baltimore and
ACB
Tse Gallimore
Ohio P
Brooklyn Rapid Transit
Canadian Pacific
Central of New Jersey
Chesapeake
Ohi
AL Ak Ale
Chicago and
Alton
Consolidated Cas. Cole
South'n
Delaware and Hudson
Dal Lack, and Weatears
Denver
Rito Grande
Yu den
Rio Grande Pi
Distillers’ Securities
Iowa Central
Towa Central
Kansas City Southern
Kansas City
Louisville
Nashville
Manhattan
Ming
St. of
Kangas and
Aga, Mo
Nat. R. R
Bea
Western
Norfolk and Western
Pacific Mail
Ny Pitts
G and
Pullman Palace
Republic Steel
Rock Island Co
Republic Stee Xanay Ron
Bay Rok Island Co
P' Ag
Ag St. le
San F
Mg St
Arig St.l. and
West
Ptd
Uoios Pacific
Union Pacific
United States Leather
United United States Realty
States Leather
United States Rubber
United 1
Algsty United States Rubber Pta
Wisconsin Central
Sajes
Minnesota
Ofda
California
Texas
City Extra India
South America
Havenner & Kennedy
the Stock, Grain, and Provision CO
Wall St
the Loring Wires
Home Life
15Th
Gw.w
Equitable Co-Operative Building Association
John Joy Hdson
Ellis Spear
Geo. W. Casilbar
V. Pras
Frank Preeside
Building Association
F. H. Smith Co
Union Trust Co
Edward J. Stellwagen
George E. Fleming
Edson
Olds
THE
Commercial National Bank
U. S
Gernation
Ofolumbia
T No Rales
Swartzell, Rheem & Hensey Co
Warner Building
Washington Loan & Trust
John Joympson
John A. Swope
Andrew Parker
Harry G
Boyd Taylor
Thomas Bradley
Griffin Hall
Real Fetate
Gad & Go
Niew
New York Consolidated Stock Exchange
B. P. Snyder & CO
F St. N. W
A. J. Sage & Co
Moore & Hill
Ralph W. Lee
G Street
Comptroller of Currency
Pa, Ave
U. S. Treasury
R. Lappin
Seventh St. N. W
Cor. F
Wade & Heddes
M. J. Sage & Co
N.Y
Arthur Wall
Lynn, Wail & Co
F Street Northwest
Adams Building
Ladies’ Department
Chesley & Spence
Colorado
Union Savings Bank, Bond Bldg
14Th and
N.Y. Ave
Bayes
Washington and Trust Building
Si Ia
F Stann Telephone
John W. Frank
Melrose
Investment Securities
Letters of Credit
Moore & Schley
National Safe Deposit
15Th ST
NEW York &Ve
Cls Am
Co. Martin Brand
Main
G St
Heiskell & Weleran
Traders National Bank
Geo. C. Henning
Tuary
Increst
Maine
District Loan Co
F Sr
Lgsan
SIE
Potomac Guarantee Loan
Atlantic
Jent Company Investment Co
Treasury
Money Are
Mutual Loan and Trust Co
St. N. W
Building and Loar Association
Mationsl Mortgage Loan Company
F ST. NW
Wspar
Wbachive