Sharp Stock Decline Amid Bear Activity and Crop Woes
The New York market showed heavier losses and widespread liquidation amid poor crop prospects and bond weakness. Bear operations and rumors of major selling pressured prices, with notable drops in American Smelting and Refining, Reading, Union Pacific, and U S Steel. Money rates eased while gold exports to France loomed if funds stayed tight.
MENTIONED IN THIS ARTICLE
American
Brooklyn
Great Northern
Northern Pacific
Reading
Union Pacific
United States Steel
Tennessee Coal and Iron
Stock Exchange
Wall Street Commission
Cleveland, Cincinnati
Chicago
Cortelyou
Wall Street Gossip on Smelters Dividend Plans
Special to The Washington Post reports bulls in Smelters optimistic about a dividend raise at next month’s directors meeting, potentially from 7 to 10 percent, while insiders hide buying. The market slips as Union Pacific and Southern Pacific fall amid liquidation, rumors of new financing, and calls on loans, with steel’s decline triggering broader losses.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Union Pacific
Southern, Pacific
Ikind
Civi
Pennsylvania
Paris
Market Wrap Reports Light Trading On Washington Stocks
A thin day on the stock market with scarce orders and subdued turnover. Capital Traction moved to 1921 2 and several bonds and warrants traded modestly as investors weighed options in Washington Railway and Electric, Chesapeake and Potomac Telephone, and Gas certificates, while listings such as Mitchell Mining and Graphophone offered limited activity and mixed prices.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Washington Railway
Chesapeake and Potomac
Washington Railway and Electric System
Lansion
Capital Traction
Las
Washington Railway and Electric
Chesapeake and Potomac Telephones
Washington Railway and Electric, Common
Lanston
Mitchell’ Mining
Commer
call—Mitchell Mining
Washington Gas
Canisl Traction
Philippine Land Purchase
District
Capital Traction Railroad
Anacostia and Potomac Ss
City and Suburban Railroad
Columbia Railroad
Metropolitan Railroad Ss
Metropolitan Railroad
Washington
Alexandria
Mount Vernon
Potomac Electric Light First Be
Norfolk and Washington Steamboat
Chesapeake and Potomac Telephone
Washington Market Company First
Public Utility
The
Georgetown Gas
Capital
National City
Columbia
Commercial
Farmers and Mechanics
Lincoln
Metropolitan
Riggs
Washington Change Bank
Trust Company
American Security and ‘Trust
National Safe Deposit and Trust
Union Trust Company
Washington “Loan ‘and Trust
Washington Safe Deposit
Union Rust
Savings Bank
Rome Savings Bank
Union Savings Bank
Merchants and Merchanice’ Savings Bank
Arlington
Corcoran
Franklin
National Union
People's
Potomac
Rigke
Southern Public Service Corporation
Graphophone
Security Storage Company
Washington Market
Iridelity Storage Company
Merchants’ Transfer and Storage Company
Grain futures surge on drought and cold crop damage
Chicago traders push wheat corn oats and pork higher as drought and cold in Nebraska Kansas and abroad spark bullish sentiment. July wheat hits new highs while September and December advance. Local receipts and European demand bolster the rally as shorts buy, with forecasters noting tight supplies and large visible declines.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
F Street
New York Stock Exchange
Washington Stock Exchange
Chicago
Board of Trade
Nebraska
Kansas
Hungary
Russia
New York
Europe
Bradstreet’s
Headstreet’s
Minneapolis
Duluth
Commission House
Iowa
Oka
Washington Market Prices and Produce Directory
Wholesale quotes cover butter cheese live poultry and dressed meats with mixed gains. Receipts strong for some dairy items. poultry supplies light with variable demand. vegetables show broad Florida Maine and Virginia items with assorted per unit prices.
MENTIONED IN THIS ARTICLE
Virginia
Tennessee
North Carolina
Duyers
New York State
New
Choica Goody
Florida
Maine
Charleston
Oy Swan
New Orleans
Washington Cattle Market Prices Report
Calves light in supply but active bids. stock pigs in greater supply and quiet. Cattle prices range from 4.00 to 5.50 per cwt for various grades, hogs from 6.00 to 6.75 per cwt, lambs and calves listed with per pound figures, cows varying by grade. Market notes reflect mixed demand across cattle, hogs, and sheep.
New York Produce Prices and Market Changes
Market notes show varied levels across fruits and vegetables and a strong wheat rally. Prices for apples oranges and berries appear with per box and per pound figures, while wheat grain futures jump on European shocks and domestic reports, with May July and September quotes and a push to new highs before a late pullback.
Trusts Claim Immunity in Beef Case Indictments
Attorneys for the Toledo Ice and Coal Company seek to quash 16 counts in an indictment charging Vicletson with anti trust violations. They argue grand jury testimony immunity extends to corporations, citing Chicago beef trust rulings. Judge Humphrey’s logic partly supports them, and Judge Taylor will hear the petition at the June term in Toledo.
MENTIONED IN THIS ARTICLE
Cleveland
Ohio
Toledo Vee and Coal Company
Vicletson
Standard Oil Company
Toledo
United States District Court
Smith and
Beckwith
Humphrey
Beef Trust
Chicago
Toledo Ice and Coal Company
Taylor
Ice Corporation
New York cotton market slips on weather and bears
The New York cotton market was more active but continued to decline due to favorable weather reports, liquidation, and selling by bears. Openings were easy with losses. brief rally after private acreage data showed a smaller crop, but prices ended barely steady with a net loss around 14 to 19 points.
MENTIONED IN THIS ARTICLE
Pha
Washington Post
New York
London
Chicago
W. B. Hibbs & Co
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
Weather Bureau
Texas
Daily Cotton Market Mixed London and New York Prices
The London tin market showed little change from last week with spot at £139 153 and futures at £185 4a while New York copper fell. Local copper and lead prices slipped, lake and electrolytic copper and casting prices eased, and zinc and tonnage values showed little movement in the London and New York markets with No 1 and No 2 foundry Northern pricing steady to slightly lower.
MENTIONED IN THIS ARTICLE
New York
London
Tron
Standard Foundry
Cleveland
Northern
Live Stock Markets Across Cities May 21 Report
New York notes receipts and steady tone for beef veal and hogs with city and country dressed formats. Chicago shows steady cattle and strong hogs. Baltimore week totals report steady prices and carloads shipped by Vedamor N. Lehman & Bro. and Myers & Housman.
MENTIONED IN THIS ARTICLE
New York
Virginia
Fesling
Chicago
Baltimors
Vedamor N. Lehman & Bro
Myers & Housman
Mobile
London
Boy Runs Away On Neighbor’s Horse In Hyattsville
Willis Lyon Jr a twelve year old boy left home Monday afternoon riding bareback on a neighbor’s horse without a hat. The boy was missing until found in Potomac Maryland after police issued a lookout. He was identified by family and returned to his father W Lyons and his physician Dr G W Latimer.
MENTIONED IN THIS ARTICLE
Ashing
Willis Lyon, Jr
Styattsville
Ais
Cold Wave Harms Crops Across Pennsylvania and New England
May reports from Stroudsburg and Pocono Mountains describe ice and frost damaging crops. A third cold wave in May pushed temperatures low in New England while the region nearby reached about 40 degrees, with Weather Bureau warnings of frost tonight. A separate notice reports Lucy Adams, a 45 year old Black woman, dying of heart failure on a Northwest street, her death attributed to natural causes by a coroner's certificate.
MENTIONED IN THIS ARTICLE
Pennsylvania
New England
Stroudsburg
Pocono Mountai
Boston
Weather Bureau
Lucy Adams
Third
Dr. Sutton
Emergency Hospital
Ife
Baltimore Markets Report From May 21 Trade
Baltimore market round up shows flour quiet with steady receipts. wheat firmer but dull with spot and contract prices listed. Corn dull with mixed spot and futures. oats firm with several white varieties priced. rye firm with Western exports and domestic values. hay steady. grain freights dull. butter eggs cheese steady to firm with various full and skim prices noted.
MENTIONED IN THIS ARTICLE
New York
Minnesota
Bermuda
Florida
Rio
Santos
Cordova
Duluth
Europe
Baltimore
Kesuaan
Cosrae
Oil Quotations and Republic Steel Dividend News
Oil quotations show May 21 totals for OW City Pennsylvania with 147 978 barrels shipped and averages around 147 549 while shipments reach 61 160 barrels with an average of 170 606. Republic Iron and Steel declares a 3 4 percent preferred quarterly dividend and a 2 percent deferred dividend, wiping out arrears on the preferred issue.
MENTIONED IN THIS ARTICLE
OW City
Republic Steel
New York
Republic Iron and Steel Company
Also Mentioned on This Page
Wall Street
Treasury Report
Ataney
Prime Mercantile
Sterling Exchange
Baliried
National Bank
General Fund
Eee
Kansas City Southern
Amalgamated Copper
Louisville and Nashville
Minneapolis and
St. Louia
Q . St. FP
St. M
American Cotton Oil
American Express
Missouri
American Tee Securities
Kans
Tex
R. R
Mexico
New York Central
Norfolk and Western
American Sugar Refining
American Tobacco Pfd
Ctfis
Anaconda Mining Co
Pacific Mass
Bae Bat
Atchison
Atchison Pfs A
Pitts
Atlantic Coast
Baltimore and
Pullman Palace
Canadian Pacific
Wee
Central of New Jersey
ATS
Selina
Central
Republic Stee
Chesapeake and Ohio
Republic
Rocksland Co
Southern Railway
Icala
South
Southern Railway Ptd
Consolidated Gas
Corn Products Reg
Pevas and
Paelic
Cogn
St. L
Delaware and Hudson
Delaware, Lack, and
West
St. TG
W. Pfd
Union
Denver
Rio Grande
A Pacific
Eac
Cmion Pacific P
Denver and
United States Express
Securities
Caid
States Realty
United States Rubber
Erie
United States
Virginia-Carolina Chemfcal
Limes Central
International Paper
Virginia-Caro
Wabashi O
Tayeiz
Wabash
International
Wells Fargo Express
Westinghouse Electric
Bas
Wheeling and
Lake Erie
Wisconsin Central
Iowa Central
Wisconsin’ Central
ER. Chapman & Co
G. B. Chipman
American, Tobacco AB
American Tobacco
Atchison General
Atchison Adjustment
Atlantic Coast Line
Baltimore and Ghigo
Baltimore and Ohio
Brooklyn Rapid Transit
da Central of Georgia
Colorado and Southern de
Cuba
Distillers” Securities
Erie ‘General
Hocking Valley
Japan
GE A
Jepin
Sisusville
Nashville
Sihattan Consol
Mexican Central
Mexican Centralist Inc
Minneapolis and St. Louiseaete Tso
Missouri, Kansas and
Hansas
Texas 2d
Fle National Railroad of Mexico
Consol
New Jersey Central General
St. Lows
Iran
St. Louis
San Francisco
Toledo, St. Loula
Western
Western Maryland
Lake Erle
Albany
Fitchburg
New Haven
Hartford
American Telephoneelegraph
Wooien
Ae Edison Electri¢g Mium
Massachusetts Electric
Massachusetts Gas
United Shoe Machine
United
North Butte
Atlantic
Bingham
Shannon
Utah
eBid
Wall
Street
Local Financial
Mitchell Mining
Chicago Grain
Washington Produce Market
Curb Market
Boston Consolidated Cap
British Columbia
Butte Coalition
Cumberland Ely
Davis-Daly
General Electric Rts
Greene-Cananea
Qua Greene Copper
International Salich
Manhattan Trans Oe Fe
Nevada Consol
Nevada-Utah
Nipissing Mines
United Copper
Waterbury Co
Western Ice
Washington Ry
Elecpia
Washington Cattle Market
Ees
Applea
Baldwins
California
NEW York Grain
Metal Market
Stecl
Galveston
Savanneah
Wilmington
Norfollk
Haltimdore
Augusta
Memphis
Aia
Cincinnati
Louinvile
Net
Cannoli- Britain
Great
Britain
France
Continent
Great Britain
John Joy Edson
E.R. Chapman & CO
Broadway
N.W
Orient
International Banking Corporation
G St
Up-town
Cann. Ave
Down-town
Center Market
Smirh
Chas. F. Nesbit
F. H. Smith Co
N. Y. Ave
District of Columbia
Walter A. Brown
14Th Street
Royal Exchange Assurance Co. of
Co-operative Building Association
Equitable Building
N. W
Frank Pfreeside
E. & C. Randolph
New York Cotton Exchange
New Orleans Cotton Exchange
Liverpool Cotton Exchange
Washington, D. C
G Street
A. 0
Brown & Co. Bankers and Grokers
Broad St
Waldorf-Astoria
Munsey
Charles G. Gates & Co
Herbert L. Jones
New York Static Exchange
Eplus
Exchange
Nati Riggs Sane
Pa. Ave
U.S. Treasury
G. S. Langdon
R. M. Weaver
Diamond St
Pittsburg
So Broad St
Phladelphia
Lennox
Cleveland Ohio
Griswold St
Deteatt
Mich
H. Crane & CO
F St. N. W
Public Stock and Grain Co
South Fourth Street
Philadelphia
F St
HE Simpson
Nevada
Ty Commission
Stuart Ellis & Co
Maryland
ST. N
Heiskell & Wleran
Lewis & CO
F' Street N. W
Frank Kane
Er & Co
Enor
Francis R. Dooley &Co
Bulldins
Ayer