Market Shifts as Union Pacific Plan Sparks Activity
New York stocks rallied briefly after Union Pacific announced its financial plan, with prices rising above 249 before slipping after the plan's publication. Bonds and convertible terms prompted mixed sentiment, while other sectors faced pressure as worries about capital absorption by large rail and utility interests persisted. Investors turned to wheat and cotton amid broader market dullness and anticipated crop reports from the Agricultural Department.
MENTIONED IN THIS ARTICLE
New York
Union Pacific
Southern Pacific
Agricultural Department
Albany
New York Corporation
New York Central
Momesx
London
Bank of England
United States
Wall Street Gossips on Union Pacific Financing Plans
Special to The Washington Post reports that a Har riman melon proved poor and that Union Pacific’s announced financing plan failed to meet market expectations. The road now faces a 275 million bond issue at 4 percent, with limited convertibility, and possible extra common stock of 100 million. Analysts warn of dilution and weak earnings projections while rumors swirl about dividend changes and potential alliances with Boston and Maine and the New Haven. The market shifts to cautious skepticism amid speculation on governance and coastwise trade control.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Union Pacific
Coutse
Pennsylvania
Baltimore and Ohio
Treasury
Wall Street
California
Boston and Maine Railroad
Stock Exchange
New Haven
Boston and Maine
Itas
Boston
Maine
Hartford
Nova Scotia
Local Financials Show Mixed Bond, Stock Activity
Canitai Traction leads a buoyant market start with 10 000 share blocks at 1081 2 and late sales near 21 3. Chesapeake and Potomac 6s advance, Potomac Electric first 5s move to 167 3, Wa Washington Railway common trades light, Union Trust sees price advance to 129 2 on bid demand as government space for new Union Trust building sparks hesitation. Rock Creek Auto and Wagon Works declares 6 percent dividend payable June 1 for stockholders of record May 1.
MENTIONED IN THIS ARTICLE
Canitai
Canitar Traction
Chesapeake and Potomac
Potomac Electric
Washington Railway
Lanston
Union Trust
Union Trust Company
Geome
Rock Creek Auto and Wagon Works (Inc
New York
ARKET
Salen
Kansas City
Southern
Wee
Amalgamated Copper
Kansas City Southern
Ar and Foundry
Louisville
Nashville
Car and Foundry
Mexican Central
Cotron Oil
Minneapolia
St. Louis
Cotton Oil Ptd
St P. & Sauk Ste
MGM
St P&s
Ste. M. Pla
Iggy
Bute
Pactic
Ice Securities
Steee
Missouri
Mensas
Texas
Kans
Tex
National R. KR
Mex
Éee
Central
West
Norfolk and Western
Fies
Anacomia Mining Co
Tehiron
Paclic Piak
Capital Traction Rairoad Ss
oasjAtchison
Paonsylvadia
Persee
Capital Traction Railroad
Atlantic Coast Line
Wats
People's Gas Bee
Anacostia and Potomac Sa
Baltimore and
Ohio
Pittsburg
Hallroad
Libbin Railroad
Metropolitan Railroad
Brooklyn Rapid Oes
Pullmean Palace
Padgcrae
Dearsay
Washington Ralt
Central of New Sieyfinan
Washington
Ray
Alexandria
Mount Vernon
Central Leather
Potomac Electric Light Ist
Chesapeake and
Repubiic Steel
Norfolk and Washington
Chicago Great Western
Republic Steel
Cheaeake
Chicago and Northwestern
IV TW
iRock Island Co
Rare Telephone
Chicago
Mil
St. Paul
Rock Island Co. Prase Company
Chicago ‘Terminal
Esaherssal
San F
Capital Traction
T and T
St. Louia Southwestern
Washington Hallway
Iany Cs Cc
St Lowe Southwestern
Wesbiates Ae
Washington Railway and Electric
Colorado Fires and Iron
Sloan-Shhofield Brest
Norfolk and Washington Steamboat
Colorado and Southern
Southern Pacific
Orf
Sey Bas
Washington Gas
Georgetown Gas
Waah
Cole and
Souther Pacific
aAington
Cheva
Southern Railway
Reese
Peake and
Potomac Telephone
Cole and Southers
Garn
Texam
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Mitchell Mining Company
National Bank
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Delaware
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Lin
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Js Oe
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and Trust
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Stespid Union Trust
Great Northern
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Home Savings Bank
Illinois Central
Pia
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Medien
Interborough-Maetrapelicana
Ican Savings Bank
Inter -Met
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Aringti Columbia
Iss
Wells-Fargo Expresa
Commercia
Corcoran
International
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Franklin
Metropolis International Pump
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Potch
International Pump
Iowa
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Security Storage Company
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Bi Iward
Washington Stork Exchange
Washington Stock Exchange closes bids across rail and utility stocks
Closing bid quotations from the Washington Stock Exchange show varied activity in common and preferred shares. notable entries include Capital Traction, Washington Railway and Electric, Washington Gas, Mitchell Mining, American Graphophone, and Philippine Land Purchase bonds with prices ranging around 4 to 109 and percentages from 39 to 169.
MENTIONED IN THIS ARTICLE
Capital Traction
Wathingtor Halway
Washington Railway and Electric Preferred
Washington Gas
Dyer
Mitchell Mining
Mitchell Millog
Joyal
Wyshington Gas
Capital Traction GS
New York Money Market and Commodities Report
The New York money market shows steady money on call at 2 percent with close bids near 2 1/2 percent and rates for time loans strengthening to 4 percent for sixty to six months. Sterling offers mixed, with bankers’ bills around 4.34 to 4.84, while gold and Treasury balances reflect ongoing interbank activity. Copper, tin, and lead futures move in London and New York markets, and domestic cattle and grain receipts show varied price firmness across beef, dairy, and produce sectors.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Renpros
Cole
Css Ceeeee Ee Sen
Philippine Ital
Atchivon
Pers International
Icalors Steamship Company
Teleedeas
ae-Ctal Slessar Bimes
Standara
Union Pacific
Seanento Company
Western
Pama Washington Beltway
Gectrie Pid
Mey
London
Electra
Onchangea
Wit ‘Standard Foundry
Cleveland
Washington Produce Market Prices and Supplies
Market reports light supply with active buying across vegetables and dairy. Fresh Virginia and North Carolina items show 17 percent wholesale rates, with butter and cheese prices drifting. live poultry and dressed meats mix firm to moderate. Regional fruit and produce values vary by item, with strong demand for apples and citrus and steady duck and turkey markets.
MENTIONED IN THIS ARTICLE
Went
Virginia
Tebrewes
North Carolia
Uch Goode
New York State
Werntern
Meath
Bermuda
Florida
Malina
State End Western
Charleston
Okra
New Orleans
California
Baltimore Markets Mixed Grain and Dairy Prices Report
In Baltimore May trading, grains show steady to firm prices with soybeans and corn mixed while oats and rye linger. Butter and eggs hold near unchanged levels, and cheese remains active. sugar stays steady as the market reacts to New York exchanges and local routings. Cotton futures rally to new highs amid bullish sentiment and weather-driven expectations, with late-session selling trimming gains.
MENTIONED IN THIS ARTICLE
W. B Hibbs & Co
F Street
New York Stock Exchange
Washingtey Stock Exchange
Calcata
New York
Salen
Inter
Belte
Pricen
Chicago Railways Appeal Seeks Supreme Court Merger Case
A petition for a writ of certiorari brings the North Chicago Railway Company and the West Chicago Railroad Company against Union Traction Company to the U S Supreme Court. The action seeks to overturn the Chicago streetcar merger, after a trial court refusal and an appellate verdict in the Seventh Circuit. The latest filing aims to have the full record reviewed by the high court.
MENTIONED IN THIS ARTICLE
United States Supreme Court
Sertiorari
North Chicago Railway Company
West Chicago Railroad Company
Union Traction Company
Chisago
Chicago
United States Circuit Court of Appeals
Supreme Court
New York Grain Markets on May 9 Rallys in Wheat and Corn
Wheat rose amid strong Liverpool cues and foreign buying with weather delays in Minnesota and the Dakotas. Corn and oats followed higher with cold Northwest weather and improved demand aiding lardery exports, while receipts and futures activity varied across locations and grades.
MENTIONED IN THIS ARTICLE
New York
Northern
Duluth
Jess
Liverpool
Richmond R F and P sells bonds for double tracking
The Richmond, Fredericksburg and Potomac Railroad sells 280000 dollars of 3 1 2 per cent forty year gold bonds to Richmond-Washington Company. Funds will cover double tracking the Richmond Belt Line and to buy 100 steel cost cars and 200 steel under frame box cars. Freight pay rises July 1 to 60 cents per day to aid revenue.
MENTIONED IN THIS ARTICLE
Richmond
Richmond, Fredericksburg and Potomac Railroad Formpany
Richmond-Washington Company
Richmond, Fredericksburg and Potomac
U Sites Considered for GW Buildings Four Northwest Grounds
George Washington University officers review four possible sites for new university buildings. Options include the Dean property on Connecticut Avenue, the Sherman Barber tract on Fourteenth Street, property on Sixteenth Street Hill, and ground on Woodley Road. A southern site near the Capitol is debated for access to libraries and government institutions, but northwest sites are favored for higher ground.
MENTIONED IN THIS ARTICLE
George Washington University
Dean
Connecticut Avenue
Sherman-Barber
Fourteenth Street
Sixteenth Street
Woodley Road
University
Capitol
Botanic Gardens
Library of Congress
National University
Washington
Abu Fe
Thhe
van Ness
Merge of Steamship Lines Planned by Consolidated
The New York and Cuba Mail Steamship Company and the New York and Porto Rico Steamship Company will be folded into the Consolidated Steamship Company within six weeks. Except for the Hudson River lines, these Morse lines are outsiders in the merger. Shareholders in the two companies will receive 1000 bonds of the consolidated company in exchange for ten shares of stock. No plan exists to include the Hudson River lines.
MENTIONED IN THIS ARTICLE
Apcela
Washington Puxt
New York
New York and
Morse
Hudson River
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