Pessimism Overdone In Iron and Steel Bears Rise
Weak stock day driven by speculators at Talt with London liquidation. Copper steadies as Amalgamated Copper leads gains while United States Steel warns of possible declines. Metropolitan Rail gains on new tunnels as Chicago strike nears end, potentially boosting Western business.
MENTIONED IN THIS ARTICLE
Charles M. Schwab
Schwab
United States Steel
Iowa Central
Iowa Central Pi
Kuosan City
Ste
Missouri Pacific
Kansas
Texas
National
Kana
Tex
Nat R. R
Mexico
New York Central
Norfolk and Western
Pullman Palace
Republic Steel
Rock Island Co
Hock Island Co
Mt Land Sam FL
St Louis Southwestern
Southwestern Pd
Southern Pacific
BOK Bay
Southern Pacife Pia
Southern Railway
Southern Railway A
Tennessee Coal and
Texxa and Pacific
St. 1
Wee
St. l
West
Pte. Id
Union Pavifla A2
Oy Ieak Talon Pact
Reserees
United States
Vaitea States
United States Rubber
United States Rubber Pa
Stee
St Pha
ValCaro
Wells-Fargo Eaprean
Westinghouse Electris
W. B. Hibbs & Co
F Street
New York Stock Exchange
Chicago Board of Trade
Washington Stock Exchange
Wall Street Downturn Amid Boosted Orders and Swing Theories
New York May 19. Large supporting orders appeared under active stocks as bear selling intensified late in the day. Amalgamated Copper Union Pacific and Steel issues closed near day lows after early heavy London selling and domestic liquidation. Western operators and Gates crowd pushed bullish books then faced resistance as prices drifted, while analysts debated swing theory and the impact of crop conditions on further declines.
MENTIONED IN THIS ARTICLE
New York
Amalgamated Copper
Union Pacific
London
Boston
Amalgamated
Wall Street
Atook
Gates
John W. Gates
Steel
Sonenly
Washington Terminal Company
Baltimore and Ohio Railroad Company
Philadelphia, Baltimore and Washington Railroad Company
Baltimore and Ohio
Philadelphia, Baltimore and Washington
Capitol
Washington
Acta of Congress
Washington Iminal Company
United States of America
District of Columbia
New York Stock Exchange
John G. Johnson
Tnder
New York Bond Market Summary May 29 1923
New York bonds show varied listings with certificates and 4s across multiple railways and utilities. Notable entries include American Tobacco 4s, Atchison 4s, Baltimore and Ohio 4s, Central of Georgia 4s, Northern Pacific 4s, Missouri Kansas and Texas 4s, and Union Pacific convertible issues among others.
MENTIONED IN THIS ARTICLE
New York
American Tobacco
Atchison Genera
Atchison Adjustment
Atlantic Coast Line
Baltimore and Ohio
Central of Georgia
Central of Georgia Jat Inc
Chicago and Alton
Burtington and
Quine
Chicago
Louisville
Nashville
Missouri
Kansas
Texas
Mexico
Maryland
Wheeling and Lake
Wisconsin Central
Bank Clearings by City for Week Ended May 18
Bradstreet reports New York led with 1.749 billion, up 41.8 percent from last year. Other gains include Chicago 184.69 million up 15.3, Philadelphia 154.17 million up 25.4, St. Louis 58.05 million up 9.1, Detroit 12.? million up 24.7, and additional increases across multiple cities. Some locations show declines such as Whitington Delaware down 4 percent while Jacksonville Florida rose 60.9 percent amid broad gains in bank clearings.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Chicago
Holyton
Philadelphia
Merzaze
St. Louis
Increage
Pittaburg
San Francingo
Cincinnati
Baltimore
Increwaa
Kansas City
New Orleana
Minneapolis
Cleveland
Loutaville
Detroit
Milwaukee
Angeles
Indianapolis
St. Pauls
Ingreage
Memphis
Richmond
Denver
Crankville
Norfolk
Augants
Birminghem
Charleston
3. C
Whitington
Del
Chattanquma
Jacksonville
Fla
Wiweling
W. Wi
Macon
Staten
Adama Express
Wopper
Am Grand Foundry
Am Car and Foundry
Ameria Jen’ Ceta
Americen Epcos
Teo Cife
American Llagead
Pia
Tupacco Ptt Cortit
Avaconda Mining Ca. S
Atentacn Ae
Atehisan
Pra Ad
Atlantic Coast Line
Ohio
Halumors
New Jersey
Chesapeake and Onlo
Chiergo and Alton
Ontaago
Northwestern
St Paul
St Louis
Tron BP
Colorado
Southern
Elo
Solat
Denyr
Rio Grande
St den
Pta
Washington Terminal Company
United States of America
District of Columbia
A. J. Cassatt, Esq
Massachusetts Avenue
Delaware Avenue
Philadelphia, Baltimore and Washington Railroad
New Jersey Avenue
Florida Avenue
Third Street
Baltimore and Ohio Railroad
Philadelphia, Baltimore and Washington Railroad Company
Magruder Station
Philadelpha, Baltimore, and, Washington Railroad
Washington
Baltimore and Ohio Railroad Company
Philadelphia, Baltimore and Washington Iiroad Company
Baltimore Markets May 19 Prices and receipts summary
Baltimore reports steady to dull movements across commodities. Flour receipts total 2 881 barrels. Wheat mixed with spot and May July contracts shown. Butter steady to higher. Sugar unchanged at 6.90. Treasury receipts and expenditures detailed with national bank notes redeemed at $808 225 and various government receipts totaling $2 114 014 against expenditures of $1 470 000.
MENTIONED IN THIS ARTICLE
Baltimore
Boutherm Om Pryite
MEPL
MK. Cohn—Easy
Treasury
National Bank
Gas stock skirmish as investors rebuy at lower fractions
Contending elements in gas stock on the board yesterday pressed for higher prices while others resisted. Rebuys occurred at a fraction lower, with 330 shares traded across thirteen transactions ending near the day’s lows. Bank stocks drew buyers and insurance issues showed limited activity amid overall dull curb-market conditions.
MENTIONED IN THIS ARTICLE
Messrs
Parris
Moses
Lanstod
Mergenthaler
Columbia
Live Stock Markets In New York May 3 Receipts And Prices
Market reports show receipts of 4 297 cattle with steer prices steady to lower and bullock values firm. Cattle, sheep and veal quoted with dressed weights and per pound pricing. beef exports noted. Veals in good demand. dressed veal commanding higher figures.
MENTIONED IN THIS ARTICLE
Nevada
New Gold State
BAN Francisco Stock and Exchange Board
Tonopah
Coldfield
C. F. Jonasson & CO
Commission Mining Stock Brokers
Broadway
New York
Also Mentioned on This Page
IRON
New York Street Railway
Washington Post
Thie Aide
Frankfort
Timearms
Indiance
China
Rea
Rapid ‘Transit Commission
Metropolitan Street Railway
Metropolitan
Tims
Europe
Prime Mercantile
Sterling Exchange
NEW York Stock Market
Washington Terminal
First Mortcade
The
Pennsylvania Railroad System
United States Trust Co., of
Baltimore and Ohio Rairoad Company
Southern Railway Company
Atlantic Coast Line Railroad Company
Biohmond- Washington
Ghesspeake and Ohio Railway Company
Semboard Air Line Railway Company
Alexander Brown & Sons
Brown Brothers & Co
Harvey Fisk & Sons
Local Financial
Bank of Washington
Washington Railway Preferred
Willams
Greene
ERNATION BANKING @ CORPORATION
G Street
N. W
Bombay
Calcutta
Singapore
Penang
Hong Kong
Canton
Manila
Cebu
Shanghai
Yokohama
Kobe
San Francisco
City of Mexico
Monterey
Panama
Philippine Islands
U.S. Treasury
Colurmbia
Swartzell, Rheem & Hensey Co
Warner Building
Edward Sweet & Co
Sore
Washington Stok Exchange
Boardof Trade
National Safe Deposit, Savings & Trust Co
15Th and
New York Ave
Block, Grain and Provision Company
Wervica
F. H. Smith Co
Heal Estate, Loans
N.Y. Ave
Pital
I Iney
Commercial National Bank
Sorah
Bankers’ Letters OF Credit
the Traders National Bank
Francis J. Smith
Alvin M
Lothrop
Watson
Jackson HL Talston
Remvarner
Union Savings Bank
Boxer
Washington Safe Deposit Co
Pa. Ave
Ors
Chesley & Spence
Piper
Wade & Hedces
M. J. Sage & Co
N.Y
Atlantic Building
Sas F Street
Jenkins & CO. Commission Stock Brokers
Greulich, Martin & CO
Arthur Wall
Thading Ag
Lynn, Wall & Co
F Street Northwest
Adams Salling
Flaar
W. B. Gurley
W. W
John W. Frank, OE
Aletor, Pee “Kere Heceh At
Equitable Co-Operative
Equitable
1000
F St. A
John Joy Edson
Ellis Spear
UEO
W. Casilhar
Prane P Reesids
Washington Loan & Trust Go
9Th and
Sts
Faid-Lp Capital
Acta
Trator
Swat
Treaarer
Foux A
Elis Spear
Andrew Park
Harry G
Boyd Taylor
Thomas Brad
Terperers
Aes
Malom
U. S
Heiskell & McIleran
Permat
Teoma
Surety Loan Company
Wardle
Eax
Plan &c
Leena
Snp
Latando
Mutual Loan and Trust Co
SIS Fst.n
Companien
Potomac Guarantee Loan
Atlantic
Alexandria
Feill Riverdale
National Loan
Itr
Veasion
Obra & Apare
Arch
Langdes
Tment Co
Bis
Dentel
Ooe
Ioan
Metropolitan Loan and Trust
E Street N. W
Planos
Mons
Male American Loan Co
ST. NW