Rise in Prices Drives Broad U S Market Rally
London buyers boosted early gains in a broad stock market session led by Canadian Pacific Union Pacific Atchison and United States Steel. The day closed with renewed vigor as high grade bonds attracted institutional buying and Mexican news improved sentiment. Union Pacific preferred stock traded actively amid overall market strength as rail earnings showed mixed results with some lines cutting gross and net figures while others posted smaller net declines due to cost cuts.
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Washington
New York
Stock Exchange
London
Canadian Pacific
Union Pacific
Atchison
United States
Supreme Court
Mexico
Tne
Interstate Commerce Commission
Southern Pacific
Northern Pacific
New York Bond Market Summary from Toledo to Indiana
Toledo and Lima districts report varied bond figures with North Lima at 82 and South Lima at 77 while Indiana shows 77 and Ol City Pa notes a March 22 date. Crefilt balances reach 130 with Rome at 175,943 and average shipments listed as 234,496 with a 202,93 average.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
North
Lima
Indiana
City
Rome
Washington Stock Exchange Market Roundup and Prices
Boston and New York wire reports summarize receipts and prices across cattle hogs and sheep, with mixed cattle steady, hogs steady to firm, and calves easy. Grain, produce, and bonds quoted. railroad and utility stocks show varied activity with several small trades and bid prices listed.
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New York
Buffalo
Chicago
Texas
Ile
Western
Washington
Wall Street Grows Active After Monday Lull
New York stock market surged at opening after a dull Monday with heavy trading led by Union Pacific and Steel. Arbitrage buyers from London boosted shares, while Union Pacific common and preferred rose sharply amid questions on government dissolution suits. Canadian Pacific hit a new high before retreating as the day ended with losses in bank reserves.
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Washington Post
New York
London
Union Pacific Common
Preferred
Steel Common
Atchison
New York Stock Market Day Totals 345200 Shares
Total sales for the day reach 345200 shares as quotes align with W B Hibbs & Co bankers and brokers Hibbs Building affiliated with the New York Stock Exchange Chicago Board of Trade and Washington Stock Exchange.
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W. B. Hibbs & Co
Bankers and Brokers
Hibbs Building
New York Stock Exchange
Chicago Board of Trade
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Washington Stocks Ease After Strong Market Day
Washington trading featured higher bids on Washington Railway and Electric and Washington Gas with 704 shares traded. Bond demand was light while the Bankers Association postponed its annual dinner and the Riggs Building Company leased the Riggs corner to Monumental Brewing for six years at 17500 a year.
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Washington
Washington Gas
Washington Railway
Washington-Virginia Railway
Washington Railway and Electric Company
Preferred
District National Bank
Bankers
Bankers’ Association of the
District of Columbia
Association
Riggs Building Company
Riggs
Fifteenth
Monumental Brewng Company
Baltimore
Baltimore Company
Randolph T. Warwick
New York Cotton Banks Show Strong Reserves and Loans Gain
National banks nationwide report favorable conditions as of March 7 with $94,604,495 more than required in reserves. Loans and discounts rise by $155,000,000, cash up $71,000,000, and deposits up $191,000,000 since January 7, though Western and Pacific states show declines in loans and cash. Circulation falls $3,400,000 since the last call while overall lending increases by $126,000,000.
MENTIONED IN THIS ARTICLE
Treasury
Pacific
Pacific States
New York to Baltimore Markets Hold Steady Across Staples
Baltimore markets show dull wheat and corn with firm rye in steady trade. Butter, eggs, and cheese mix with steady or irregular prices as livestock and potatoes contribute to a broad, price-sensitive agricultural snapshot across New York and Washington markets.
Bush May Be Offered Missouri Pacific Presidency
Baltimore report says directors meeting decided to offer the Missouri Pacific presidency to Benjamin F. Bush current Western Maryland Railway Company president. Bush, a West Coast coal operations expert, visited the directors and did not confirm or deny the offer after the adjournment.
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Alli-Chalmers Jat
American Agricultural
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American Tobacco
Steeeeee
Armour
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Atlantic Coast
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el Teargla
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Chesapeake and Ohio
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Pacific
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The
Pennsylvania Railways approves $100 million capital increase
Stockholders of the Pennsylvania Railroad Company authorize raising capital from $560 million to $600 million. Eight hundred eighty eight stockholders attend in person with 5,028,588 shares voted by proxy. Only $40 million of the increase will be issued now, $18 million added to an existing $22 million balance for equipment and expansion. Directors William H. Barnes, George Wood, and C. Stuart Patterson are reelected.
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Road
Philadelphia
Pennsylvania Railroad Company
William H. Barnes
George Wood
C. Stuart Patterson
Social events and family ties shadow New York society
Mrs Elise Peatley Curran and Guernsey Curran loom in social notices as her return to New York followed by a California trip with their son Clarence. The same pages note Ethel Cook Post ley and her ex husband near reconciliation, amid public sympathy for their ill son. A mission pageant opens a women’s jubilee at the Metropolitan Opera House, directed by Miss Gertrude E MacArthur, highlighting Western Christian influence in Eastern lands with 1,000 participants.
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Elise Peatley Curran
Guernsey Curran
Ethel Cook Postley
New York
Clarence
Metropolitan Opera
Gertrude E. MacArthur
Robert 5. MacArthur
New York Grain Markets Move on Mixed Signals
Rye-nomth barley steady while wheat spot shows irregularity in New York trading on March 28. Northern Duluth futures rose on steadiness abroad but eased on favorable advices. May and July closes noted. Corn and oats firm with limited transactions. copper and iron market activity mixed with wage gains announced for Lehigh Valley trainmen in South Bethlehem Ohio.
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Short Time in Altoona Shops
Altoona Pennsylvania March 24 orders were issued today for the temporary closing of the Pennsylvania Railroad shops for the rest of the week laying off 12 000 men four days Next Monday the shops will reopen on a 43 hour week
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Altoona
Pennsylvania Railroad
Society men as supers at Lyric Theater
At the Lyric Theater on Friday night Sam and Billy Huhn and Jack Potter appeared as supers in a stage joke. Members of the Racquet Club, the trio made the audience laugh as their box of wives and guests giggled. The Huhn brothers, wealthy bankers, are noted society figures.
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New York Money Market Steady With Mixed Rates
New York money market shows steady call money at 4 ¾ percent with bids at 2 percent. time loans dull with 60 day at 2 percent and longer terms near 2 1/2 percent. Sterling exchange steady, bankers bills at 4.9425 for 60 day bills and 4.8615 for demand. Commercial bills 4.83 percent. Bar silver at 52 cents. Mexican dollars 45 cents. Government and railroad bonds steady to firm.
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New York
Prime Mercantile
Sterling Exchange
N. & W. Railroad Men Talk of Strike in Roanoke
A Norfolk and Western machinists conference with Vice President Maher ends without agreement after days of talks focused on wage increases. The unionization of all non engineer and fireman employees into one federation is reported, with a general strike likely across the system.
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Washington Post
Roanoke
Norfolk and Western
Maher
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