Why Securities Go Up Stock Market Rise Amid Overextended Credit
A Washington Post analysis from New York and Durham outlines why stock prices jumped a fortnight earlier, citing confidence gains and aggressive trading by large operators. It notes overextended credit in the West and South, strained bank liquidity, and global factors including Germany and England, with caution about further upside.
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West
Germany
Bank of England
Washlogos Post
New York
Railroads Leave Union Station
An old timetable note details services from Union Station toward Philadelphia New York Norfolk and Western routes. It mentions Royal Limited Pullman Parlor Car trains with cafe service and sleeper options. Washington Union Station schedules include daily departures and connections to Virginia Hot Springs and Louisville with C and C dining cars.
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Washington Southern Railway
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Trac E Washington, Baltimore and Annapolis Electric Railway Co
Roads Hold Back Orders Heavy Contracts for Steel Work
New York, Oct. 22. Transportation companies gave little support to steel mills last week. Railroad orders for steel products were the smallest in memory while rail revenues were very high. Steel firms expect larger orders after the November election and after freight rate settlements. Only small mandatory railroad orders for the rest of the month are anticipated. Missouri Pacific ordered machine tools. Building activity is over, keeping structural contracts light. Orders announced: about 10 000 tons rails, 18 000 tons exported to Australia and the Sandwich Islands, 16 000 tons fabricated material for buildings and bridges. East pig iron activity rose with about 60 000 tons contracted, plus 25 000 tons pending. West contracts total about 25 000 tons. Steel works in East and West bought 10 000 tons basic and 300 tons ferro manganese.
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New York
Missouri Pacific
Australia
Sandwich Islands
Egyptian and Indian Demand Pushes Egypt Gold Fear
London reports fear that further Egyptian and Indian gold needs may push rates higher, despite a Bank of England rate rise and solid stock market. Berlin notes money-market influence on rails and a Turkish loan amid European finance tension, as Paris bulwark hopes temper bourse influences.
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Washington Post
London
Bank of England
Egypt
Bank of France
Stock Exchange
Berlin
New York
Wall Street
Preffic
Paris
Market Ends Mixed As Turkish Debt Drag Weighs
The situation produced the full effect expected with buyers evident and French rentes steady to up slightly. Turkish securities showed marked depression and irregularity due to unfavorable loan discussions in France. Copper speculation remained active with Rio Tinto trading around 17.72 to 18.76, closing at 17.74.
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France
Boy Dies After Vaccination in Wilmington Case
Edward M. Berry aged six, son of August Berry, died from cerebro-spinal meningitis after a vaccination on October 4 by a city physician. His arm swelled last Sunday and he lost consciousness days later. the attending doctor had no hope. A second post vaccination case, Philip Null, is reported with tetanus and locked jaws for two days.
MENTIONED IN THIS ARTICLE
Wilmington
Del
Edward M. Berry
August Berry
Philip Null
Fire destroys barns in Martinsburg. suspected arsonists at large
On October 22 George W Buxton’s barns and corn crib burned with nearly all contents, causing about 2000 in loss partly insured. The blaze, incendiary in origin, is the third such fire in three weeks in the area. Police suspect a gang of firebugs and anticipate arrests.
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Washington Post
Martinsburg
W. Va
George W. Buxton
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