Stocks Lack Support in London Buy Orders Fade
Stocks moved higher yesterday on easing tensions and foreign strength but fell today as traders focused on weak domestic business, textile mill closures, and heavy Harriman holdings. Paris gold inflow of 2 million dollars weighed on markets while international issues slid with several key issues dropping 1 to 3 points.
MENTIONED IN THIS ARTICLE
New York
New England
Harriman
Supreme Court
London
Southern Pacific
Limson Pacific
Paris
Balkans
Europe
United States
Washington Stocks and Bonds Market Report
The Treasury shows regular sales with noon call on Traction Railway 5s at 109 percent on $500. Washington Railway and Electric common 16 at 92. American National Bank 10 at 170. Federal National Bank 8 at 139. Washington Gas 4 at 8 percent and 10 at 5. National Savings and Trust 10 at 267. Potomac Electric Consolidated 5a, $1,000 at 100.
MENTIONED IN THIS ARTICLE
Topicall Traction Railway
Washington Railway and Electric Common
American National Bank
Federal National Bank
Cai— Washington Gas
National Savings and Trust
Potomac Electric Consolidated
Georgetown Gas
Washington Gar Se
Ios
Capital Traction Co
Ss. Ae
Anacostia
Potomac
Columbia
Mort Fe
Columbis
Lex
Mount Ver
Potomac Electric Con. Mort
Potomac Electric Power
Otomac
Telcony
Norfolk and Wash
Tim
Riggs Realty
Wash
Railway and Electric Com
Virginia
Ash V. Zinla
Norfolk
Washinton Gas
Telearsi
Mergenthaler Linotype
Baltimore
Consolidated Power
Eb National
BANE
Consolidated Power Pf
American
Consolidation Coal
Houston Oil Common
United Railway and
Elec. Co
Baltimore City
Farmers and Mechanics
Federal
Consolidated Gas
N. O., Mo. and Cin
United Ry
Elec St
United Ry and Free Inc
Washington
Pa. Water and Power
Trust Company
American Security
Union Trust Company
Washington Loan and Pirugt
New York
United States Trust Co
Continental
Sos
Eas
Citizens Savings
Union Savings
Arlington
Panama Canal
National Union
A 'Ntle Insurance
Chapin Sachs
Security Storage Co
Washington Market
Laclede Gas
Mackay
Lehigh Valley
Ransa
Texas
Missouri Macific
National Biscuit
New York Central
Norfolk & Wester
Northern Pacific
Pacific Maine
Pennsylvania
People's Gas
Pittsburgh Coal
Pullman Palace
Ray Consolidated
Republic Iron & Steel
Rep. Iron & Steel
Rock Island Co
swiSt. L.& S. F. 2d
Seaboard Air Line
Seaboard A. L
Mosloss
Va.-Caro. Chem
Wabash
Western Maryland
Western Union
Westinghouse
Lake Erte
Boston Closing Prices May 6 abbreviations and market quotes
Wheat, corn, oats, poultry, eggs, butter, and lambs dominate the day’s market report. Prices shown include May contract figures, Western and Maryland Pennsylvania rates, and regional variations. Feeder notes list hens, roosters, ducks, calves, and veal with shorthand grade descriptors.
MENTIONED IN THIS ARTICLE
Beloda Kent Teland
Maryland
Pennsylvania
West Virginia
Pebneyl
Virginia
Fennerivania Dairy
Proress
Wall Street Gossip and Market Moves
New York stocks including Southern Pacific and Virginia Catalyzed by near end of May trade saw prices below last week’s lows with some new records for declines amid overall gains from the prior week. A dividend meeting looms triggering liquidation in Virginia Chemical while American Cotton Oil news spurred selling.
MENTIONED IN THIS ARTICLE
Allis-Chalmers Tel
Ctis
American Agricultural American Tel
Tel Co
Atchison Gen Soha Baha Atchison
Atchison
Fytlantic Coast Line
Altimore
Ohio
Itimore
Bronk In Transit
Georgia
Esapeake
Peake
Eric and
al Alton
Chi and Quincy
Chicago
Quincy
Chicago, R
Pac Ry
Colorado and Son
Delaware and Hudson
Issouri, Kaw
Texas
Aissoun
Isaly
Issouri Pacific
Issour Pacific
National
Rvs of
Mexico
New York Central
Hartford
Norfolk and Western
Southern Pacific
Col
Southern Parific
R. BR
Southern Railway
Union Pacific
Union Pacific Cy
U.S Union, Pacific
Ist and Rubber
Steel
nia-U'ar Chemical
Wwe
Istand
New York
Virginia-Carolna Chemical
Ft 18
Virginia Chemical
Stock Market Steady With Mixed Bond Activity
Local exchange activity shows steady stock prices across classes. Washington Gas offered at 78 with firm bid. Washington Railway and Electric at 92. Capital Traction traded at 121 while the seller did not meet the bid. American National Bank 170, National Savings and Trust 267, Federal National Bank 159, Munsey Trust 101 delivered, with later offer at 100 7 8. Bond demand remains strong with large bids just under market. Treasury adds 10 million in bank reserves, pro-rated among banks. McAdoo emphasizes section needs. Court filings include bankruptcies for Samuel Norwood and voluntary bankruptcy of master plumber William T. Maraden.
MENTIONED IN THIS ARTICLE
Focal Exchange
Washington Gas
Washington Railway and Electric Common
American National Bank
National Savings All Trust
Federal National Bank
Wall
Munsey Trust
Capital Traction
Potomac Electric Consolidated
New York Produce Prices Mixed Across Staples
Wholesale market report from New York and nearby regions shows butter steady, cheese weak, and eggs firm. Poultry, flour, and meats display varied demand with prices ranging across butter, lard, and hogs, while coffee and tea show stable quotes and veggies reflect steady harvests and mild demand.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Middle West
South America
Cordova
Canadian christens U S submarine H-1 in San Francisco
May 6 The United States submarine torpedo boat H-1 was launched in San Francisco Miss Leslie Jean Meakin of Montreal christened the boat She joined the Spongers' Club of young women who christen war vessels.
MENTIONED IN THIS ARTICLE
San Francisco
Leslie Jean Meakin
Montreal
Canada
Spongers’ Club
New York Cotton and Grain Markets End Mixed
New York May 6 saw cotton open steady then drift as shorts covered amid talk of an oversold market and potential crop scare from eastern belt dryness. Rains in the West and weak Fall River mill demand cooled the advance. the close edged lower to near the day’s low, with slight gains on some reports of rain in Mississippi and Alabama. Wheat futures softened on crop news and weak cables, while corn and oats prices remained largely steady with official prices following standard bids and local elevator quotes.
MENTIONED IN THIS ARTICLE
America
Sige
ETI
Boston
Opera Copper Range Consolidated
East Butte
Franklin
Gtroux
Greene
Ananea
la Salle
Binga Apt & Ats
Sky
Riy
Chicago
Texas
New York
Neo
Fall River
Cireles
Europe
New York Money Market Snapshot May Report
New York money market shows on call rates steady near 2.0 percent with bids around 2 percent and offerings at 2 percent. Sterling exchange steadies with bankers bills around 48.29 for 60 day bills and 46.70 for demand. Copper and iron markets present firm prices with London copper steady and futures around £89 7s 6d.
MENTIONED IN THIS ARTICLE
York
Inns Esater
M. Siz Monthe
Aegis
Prime Mercantile
New York
Standard Spot Rally
TSOC
Mt Tele
London
Southern
McAdoo Eyes Shift of Government Funds to Banks
The Treasury plans gradual deposits of government funds into national banks with a 2 percent interest rate. Officials and bankers see this as a reform to release idle revenues and boost public access to tax revenue, noting past precedents under Shaw and Cortelyou.
MENTIONED IN THIS ARTICLE
Treasury Department
McAdoo
Treasury
Congress
Pink Nightie Figures in New York Divorce Suit
In a Supreme Court suit filed by Mrs. Cora Stockton Wellman against Walter D Wellman, the case centers on a West 128th Street apartment scene with a pink silk nightgown and cerise pajamas. Mrs Wellman, formerly Cora Stockton Hummel, alleges burglary by detectives and a young woman found in the room with the nightwear, who fled into her room when confronted.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Supreme Court
Cora Stockton Wellman
Walter D Wellman
Black Light Company
Prisoner Offers Skin for Liberty in Nutley Burn Case
A Paterson jail inmate offers a skin graft of 4 by 7 inches in exchange for his freedom. He proposed to donate to 10 year old William Col Well, burned at home in Nutley. The man, unnamed, asked parents to consider the offer. physicians and authorities will decide if it can be accepted.
MENTIONED IN THIS ARTICLE
Paterson
N. J
William Col Well
Nutley
Girl ill from hiccoughs at Annapolis home
Misa Elizabeth Wond of Annapolis is seriously ill at her brother’s home in Baltimore from a persistent hiccough attack lasting about a week. She is delirious at times and a physician’s efforts have failed to relieve the condition. The hiccoughs lessen briefly each morning but grow violent again later. Leavenworth Warden resigns after fourteen years in service. Robert Wilson McClaughry, 74, submitted his resignation to the Department of Justice, saying he has been on the job long enough.
MENTIONED IN THIS ARTICLE
Speenh
Washington Post
Baltimore
Misa Ilhzabeth Wond
Annapolis
Relef
Leavenworth
Kans
Robert Wilson McClaughry
Federal Penitentiary
Department of Justices
Du Font Nominated for Wilmington Mayor
Wilmington Delaware May 6 Francia J Du Font a millionaire official of the Du Font Powder Company has been nominated for mayor of Wilmington at a convention of the Hull Moose Party Rhodes Scholar Wins Gladstone Prize Oxford England May 6 W H Shepardson a Rhodes scholar from Colgate University New York won the Gladstone history prize today
MENTIONED IN THIS ARTICLE
Wilmington
Del
Francia J. du Font
The
du Font Powder Company
Hull Moose Party
Oxford
England
W H. Shepardson
Colgate University
New York
Treasury to distribute 2 percent interest to banks
The Treasury will prorate about 2 percent of deposits among Washington banks to offset real and personal tax drains. Secretary follows precedent, distributing funds from the tax season, keeping realty taxes due by June. Banks collect interest when providing funds to cover May tax payments, with deposits tied to national bank allocations.
MENTIONED IN THIS ARTICLE
Secretary of Treasury
Tressury
Medoe
Washington
District of Columbia
We Adan
Treasury
Hankere
Treasury Department
Take Up New England Rates Hearing Began Today
The Interstate Commerce Commission will discuss the operations and rates of the New York New Haven and Hartford Boston and Maine and Maine Central railroads in Boston before the full commission. Louis D Brandeis will appear for shippers with the railroads represented by their general counsel.
MENTIONED IN THIS ARTICLE
New York
New Haven
Hartford
Boston
Maine
Maine Central
Interstate Commerce Commission
Freaty
Louis D Rrandeis
Mount Vernon Livery Fire Damages Stables and Warehouse
A large Mount Vernon livery stable and storage warehouse on St Asaph Street Alexandria was partially destroyed by fire, with damage estimated at 30 000. Fire crews contained the blaze within an hour despite heavy smoke. Two autos and several carriages survived on lower floors, while several top-floor hacks and sleighs burned. The stable is run by a local corporation with Pettit as president and Hexmal as treasurer.
MENTIONED IN THIS ARTICLE
Mount Vernon
Alexandria
Ashington Post Bureau
King Street
St. Asaph Street
King and Cameron Streets
J. A Kelly
Rom. Pettit
Rob Smith
W. H. Hexmal
Rosemont marriage and court phrasing in a jumble
Sue I Balantine of Rosemont and the Rev Carpenter of Grace Church officiated a ceremony. Mr and Mrs Weshtman plan to live in Washington after a honeymoon. A jury in a $4000 auto collision suit against Joseph Harman was discharged after failing to reach an agreement. May 16 set for retrial. Alexandra Chamber of Commerce committee to attend a river conference is listed with local names.
MENTIONED IN THIS ARTICLE
Sue I. Balantine
Rosemont
Rey Dear Carpenter
Grace Protestant Episcopal Church
Weshtman
Washington
Efc Richardson
William Desmond
Wiliam Powe
Joseph Harman
Allverd
Thornton
Alexandra Chamber of Commerce
Cunberland
Crities
George & Tiss Chieman
Hook
Reardon
W. Wore
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London Light
Curb Market
Adams Express
Ieee Ecne
American Steel Foundry
Daska Gold
American Tobacco
Feago Subway
Troux Consolidated aene-Cananea
Tony Sterr
United States Treasury
Washington Stock Exchange
Baltimore Securities
Chicago Grain
Camillo
Philippine Treasury
General Fund
We A
Philadelphia
Credit Baimares
Aterage
Orlo Wey
Lima
Idina
Indiana
Wooster
Washington Cattle Market
Wall Street
Alton
Missouri Pacific
Baltimore and
Ohto
West
Central States
American Bankers’ Association
NEW York Stock Market
Amer Agricultural
Car & F
Amer
Tee Securities
Amer Str & Refining
Sov & FE
Amer Sugar Refining
American Tel & Tel
Anaconda Mining Co
Atchison A
Canadian Pacific
Central Leather Pe
Chesapeake & Onin
Chicago Gt
MIL & St. Paul
Chicago & N. W
Chine Consolidated
Cole, Fuel & Tron
Delaware & Hudson
Denver & Rio Grande
Denver & Rio Gr
Erie
Ieveesdee
Eirie
General
Goldfield Consolidated
Great North
Illinois Central
Interborough-Met
Inter -Met
Inter Harvester
Inter. Marine
Inter
Inter Pump
Kansas City Southern
Newspapt
Local Financial
Greene Cananea Copper Company
Greene Consolidated Copper Companys
Greene Cananea
Sarepany
Consolidated
Cananea Central Company
the Treasury
Foots
Samuel ‘Norwood
District Supreme Court
John B. Ellison & Sons
John* A. Griffith &Co
Buford Hood & Co
William TL. Maraden
Washington Produce Market
Delaware
New York State
New
WGGS
Florida
Florida Chambers
U. S
Young Lady
NEW York Grain
Mar
Molly Galveston
New Orleans
Mobile
Faventah
Charleston
Wimmaton
Brunswick
Jacksonville
Houston
St Louis
Porte
Great Britain
France
Porta
Britain
Japan
Holland
atHis City
Department
Leslie M. Shaw
Gov Shaw
Secretary of the Treasury
Gov. Shaw
Cortelyou
George 3
H. Cortelyou
New York City
Banka
Mrs. Wellman
Hubby
Cerise
du Pont
John A. Marshall
Alexandria National Bank
Wolfe Street
W EF Mateon TD
First Baptist Church
Io Ow Duffes
Methodist Episcopal Church South
Presbyterian Cemetery
Alexandria Lods
Polkce
Epa
Washington Loan & Trust Co
Soren
Ueagae
Swartzell, Rheem & Henseay Co
Fifteenth Street
N. W
Lewis Johnson & Co
Pennsylvania Ave
New York Stock Exchange
Foreign Exchange
Washington & Southern Bank
G Street
J. Selvin Taint
Crater Jet
Lawrence Barnum & Co
F St. N. W
Washington, D. C
Philadelphi Boston
Mutual Life Insurance Company of
Thomas P. Morgan
Hos
Room
American Graphophone Coo
Amerian Graphophone Company
Bi Ureer
Parechard
Edward D. Falton