Treasury Action Lifts Money Stringency To Boost Prices
A Washington Post summary notes a stock market recovery after Treasury Secretary Cortelyou acted to ease monetary stringency. Banks receive $25 million in customs receipts and interest on government bonds is paid in advance to April 1, with expectations of further easing measures to support market stability and credit conditions.
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Treasury Department
Great Wall Street Commission
Cortelyou
Treasury
Secretary of the Treasury
Benk
Montreal River
National Live Insurance Company
Nontpes
District of Columbia
Ascete
Batans
Jos A. DE Aobr
Osman D Clark
Putnam
Metal markets drift lower amid London London tin decline and buyer hesitation
York metal reports show tin prices slipping in London by about one percent with spot around 39.60 and futures near 97 to MX Locals note market unrest and hesitant buyers despite big producers holding back. copper and zinc also weaker while iron shows mixed moves No. 1 foundry Northern 26 25 02%26 and No. 3 foundry Northern 41 80 26 16.
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York
London
Gopper
Fra
Cleveland
Wis
Northern
Southern
Wall Street Gossips on Market Recovery and Short Covering
Special to The Washington Post reports a cautious, banker's view that the worst may be over after a violent three weeks. Upward moves were largely driven by individual support and renewed investment buying, with rail shares and copper leading. Short covering aided a temporary rally, though underlying weakness and hefty short interest linger.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Mar
Local Stock Market Opens With Cheerful Tone and Gains
The New York market mood improved as brokers woke to a cheerful opening on the local Stock Exchange with gains across rails and banks. Washington Railway and Electric common led activity with shares advancing from 35 1 4 to 36 5 8, while National City and Metropolitan National posted notable dealings. J Thuman Hendrick returned to the board and James M Green was seen about the business district after an injury recovery.
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New York
Local Stock Exchange
Washington Railway and Electric Common
National City
Metropolitan National
American National
Washington Gay
Mergenthaler
Norfolk and
Washington Steamboat
Greane
J. Thuman Hendrick
James M. Green
Globe & Ratgers Fire “Insurance Company OF
District of Columbia
Seston
Washington Stock Exchange Sales Report Fragment
Washington Gas 4s at 109 and 101 Washington Railway and Electric 4s at 1 000, Norfolk and Washington Steamboat 109 at 107. Washington Railway and Electric composite notes show multiple bids and quantities across various prices. Continued on eleventh page.
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Washington Gas
Washington Railway and Electric
Norfolk and Washington
Weshington Railway and Electric
Puyer
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