Declining Stock Movement Shapes London Liquidation Trend
New York March 2 The declining stock movement deepened market weakness with widespread pressure to sell across the list. London selling, about 100000 shares in two days, weighed on prices while Reading and Pennsylvania showed notable softening and call money rose to 4 percent as fears over European money markets grew. Cotton prospects spurred mixed views on future prices amid reports of a 13.5 million bale crop and looming seasonal supply shifts.
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Wall Street Gossip Hits Bearish Tone In London Links
A Washington report notes heavy selling by foreign accounts and influential bear activity led by the Gates crowd. bulls and bears clash as rumors of London’s unsettled settlement ripple through New York stocks, with high priced rails under pressure and money market tightening amid cautious speculation.
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Lanston stock sparks brief market revival amid NY ties
Financial notes show Lanston stock briefly rising to offers at 7 1 8 with heavy selling by New York connected buyers. Washington Railway common sees active trading, 1,140 shares, with 620 at 24 7 8 and 500 at 34 1 2, amid shifting sentiment. Banks and utilities trade modestly, while market mood flags on broader price levels and speculative risk.
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