Decline Triggers Mixed Market Fightback Amid Freight Car Shortage
New York stocks opened sharply lower but recovered, led by bear pressure on steel with a 2 point drop while American shares slid in London selling. News of a first freight car shortage of the season and several bond issues floated signaled improving investment conditions despite a bear market mood.
MENTIONED IN THIS ARTICLE
I Steel
Lst
London
Wall Street Financing Surge Amid Railroad Bond Sales
New York reports a wave of financing with $16 million in Chicago and Northwestern bonds for a Peoria coal line, $2 million from Louisville and Nashville, and a $5.6 million Erie equipment note petition. Lehigh Valley and Union Pacific tout heavy business, while New Haven and Hartford discuss Melden salary issues. Market notes show mixed trading, Seaboard Air Line resumes dividends, and counterfeit alerts accompany local real estate and banking institute events.
MENTIONED IN THIS ARTICLE
New York
Chicago and Northwestern
Peoria
Northwestern
Loutaville
Nashville
Erie
Public Service Commission
Alls-Chalmers Basy
Ameren Agricultural
Amercan
Amerccan Tobacco
Armour
Atchison
Central Leather
Chesapeake and
Chesapeake
Oho
Chicago and
Alton
Chicago
Quincy
Rae
Delaware and Tudson Cy
Denver and
Rio Grande
Distillers
Bala Erie
Bsey
Ilinois Central
Interborough
Inter
Merc Manne
Japan
Kansas
Lake Shore
Lomsville
Nash
Missouri
Kan
Towns
Texas
Missouri Pacific
Mexico
New York Central
Hartford
Norfolk and Western
Ist
Pacific
Hort Hem Acufic
Oreson & Hort Lins Ridg
Pena
St Louis
San France
St. Louis
San Fran
St Louis Southwestern Con
Sea
Air Line
Southern Pacific
Southern Railway
Union Pacifier
Imat Ar Chemical
Wisconsininghouse Electie
Cleath
JHL
Amal Copper
Lehigh Valley
Lou. & Nashville
Amer
Mackay Cos
American
St. P
M. M
Tex
Car & Foun
Cotton Oil
National Biscuit
Ie Eng
York Central
Amer. Smell, & Refin
N. WH
N. x. Ont
West
Norfolk & Western
Amer. Tel. & Tel. Vre
North American
American Tobacco
Northern Pacific
Pacific Mail
Atchison i
Anaconda ® Mining Co
Desole
Pennsylvania
People’s Gas
Atlantic Coast Line
Pitts
Baltimore & Ohio
Pittsburgh Coal
Bethlehem Steel
Brook
Rapid Transit
Nyan
Repub. Iron & Stee
Chesapeake & Onis
Repub. I & 8S
Rock Island Co
Chita Great Western
Chil
Mil & St. PB
St. L
Chi & Northwestern
Seaboard Air Line
Colo. Fuel & Snon
Seaboard A. L
Consolidated Gas Bee
Sloss-Shef. S. & TI
Delaware & Hudson
Den
Southern Rapid Ewnalass
R. G. Ptd
Tennessee Copper
Texas & Pacific
Union. Pacific
Ace Pacific
St Erie
General Electric
Aig
Great North
Ode
U. Steel Og
G. North
Steel P
Utah
Interborough-Met
Wa. Caro. Chemical
International Paper
Western Maryland
International Pump
Calle
Western Union
City Southern
Westinghouse Hicc
Laclede Gas
Sever Wheel
Lake Erie
W. B. Hibbs & Co
New York Stock Exchange
Hibbs
Steel Output Holds Steady Amid Slight Early 20th Century Recession
Chicago reports a slight steel market recession with no planned mass layoffs. R. H. Gary, chairman of United States Steel Corporation, said mills are running at full force and expected to stay active through winter, with a spring recovery anticipated and no current shutdowns planned.
MENTIONED IN THIS ARTICLE
Chicago
Gary
Ind
United States Steel Corporation
H. Gary
The
Steel Corporation
New York Cotton Market Faces Nervous Undertone
New York cotton for the winter month deliveries touched high season records yet opened steady up ten points before easing on heavy realizing. Rumors that the National Ginners Association estimated the crop at 13 760 000 bales boosted sentiment before closing steady, near months mixed with thin offerings and scattered pressure.
MENTIONED IN THIS ARTICLE
New York
Liverpool
National Ginners’ Association
Baltimore Markets Grain Eggs Butter and City Credit Figures
Baltimore markets report wheat prices for No 2 red and white types with modest gains and losses across other grains. Poultry eggs butter and dairy products are listed with varied prices by region and grade. City credit balances and shipments are noted, and Gary dismisses Washington rumors of a steel industry shutdown tied to Sherman act suits as unfounded.
MENTIONED IN THIS ARTICLE
Baltimore
Turkey
Maryland
Pennsylvania
West Virginia
Ohio
Virginia
Queres
Gary
Washington
Steel Corporation
United States Treasury Market Notes on Livestock Prices
Spring lamb prices quoted at 167 percent for hogs per thousand head and a 4 4 percent bath. Veal calves listed as choice per unit. Includes RFS ta sheep and Bath reference with veal and lamb price indicators.
Local Stock Exchange Report Sales at Noon
Regular call at noon shows Georgetown Gaada with 4000 at 105. Columbia R R Gs 1000 at 9946. Washington Gas 5 at 54 percent. Mergenthaler Linotype 5 at 216 percent. Union Trust 10 at 14 and 10 at 13314 and 10 at 133 percent. United States Trust 10 at 132 and 10 at 192. After call Washington Ry and Elec 4s 500 at 8214 and 500 at Mergenthaler Linotype 10 at 164. United States Trust 10 at 131¼ and 10 at 1a.
MENTIONED IN THIS ARTICLE
Mergenthaler
Union Trust
United States Trust
Lincoln National
National Bank of Washington
Lincoln
Torgether
Georgetown
Columbia Railroad
Washington M Railway
Georgetown Gaada
Columbia
R. R. Gs
Wash, Ry. & Wlec
Washington Gas
Mergenthaler Linotype
Wash. Ry
Elec
Holland tells how bankers are preparing for new currency law
In New York on October 23 a committee of expert bankers works on methods to readjust the U S banking system to a forthcoming Congress crafted currency law. They note few precedents from Civil War era transitions and expect a gradual shift, led by the New York Clearing House and other city associations, as banks weigh surrendering federal charters if warranted by the new framework.
MENTIONED IN THIS ARTICLE
Holland
New York
Congress
United States
Clearing House Association
Clearing House
Washington
New York Produce Market Report October 23 Prices
New York produce and grain prices move with irregular butter and unsettled cheese. Eggs firm with extensive case listings. pork and beef quiet. Cottonseed oil firming. petroleum refined prices quoted. coffee unsettled with No 7 and Santos No 4 bids. wheat spot firm with No 2 red at 6 nominal. December futures at 93 1/2 to 94. corn export bids steady at 78 1/2 to 79. oats barley quiet.
MENTIONED IN THIS ARTICLE
Chicago
Cet
Minneapolis
Duuth
Finn
St. AN
New York
Galveston
Charleston
Wilmington
Norfolk
Ashe
Philadelphia
Texas City
Behoe Pees
Runswick
Were
Avansac Pass
Jan
Jackcouri He
Wees Aijeee Ee
Houston
Augusta
Little Rock
Quirt
Great Batavi
France
Continent
Great Britain
Japan
Mexico
Pennsylvania
Belk
É. Abbis
Santos
Northern
Duluth
Northwest
Rusia
Coupons Tax Questions Prompt Treasury Guidance
Washington’s tax office reports heavy inquiry into the new income tax, with collector Willam H. Osborne cautioning that answers are provisional. Guidance states corporations must withhold tax on interest paid to bondholders despite coupon stipulations, and notes questions about retroactive taxation of coupons paid since last March and combined future returns.
MENTIONED IN THIS ARTICLE
Washington
Willam H. Osborne
New York Money Market Note on Oct 23
New York money on call eased to 2% to 3 percent with the rong rate at 2 1/4. Time loans softened 60 days 4 1/4 percent 90 days 5 percent six months 4 1/2 percent. Sterling barely steady at 4.3115 for 60 days and 4.8540 for demand. Commercial paper at 4 4/5 to 6 percent. Bar silver at 60 1/2 percent Mexican dollars 46 1/2 percent. Government bonds strong. Railroad bonds weak.
MENTIONED IN THIS ARTICLE
New York
Sterling Exchange
Cacy
The Metal Market
New York copper prices show no quotes for spot or futures with ranges 1687 to 1725 for electrolytic copper and 16.00 to 1875 for casting. London copper remains steady with spot at £74 and futures around £73 6d.
MENTIONED IN THIS ARTICLE
New York
London
Cleveland
Higher rates for railroad in New England hearing
The Interstate Commerce Commission questioned Boston and Maine bolstering its finances as Howard Elliott of the New Haven and Hartford and Morria McDonald of Boston and Maine argued for rate increases. Charles A. Prouty indicated the full ICC would travel to Boston next month to confer with rail interests and shippers. Elliott warned the Boston and Maine faces 27 million dollars of obligations in six months, risking a receivership and loss of New Haven investment if reorganized.
MENTIONED IN THIS ARTICLE
Boston
New England
Interstate Commerce Commission
Howard Elliott
New York, New Haven
Hartford
Morria McDonald
Boston and Maine
Charles A. Prouty
Maine
New Hampshire
Vermont
Massachusetts
Boston and Maine Railroad
Full
Road
Messra.lliott
McDonald
Elliott
New Haven
Chicago and New York Livestock Markets Report Oct 2
Chicago receipts 17 000 hogs 4500 cattle 31000 sheep with mixed and weak hog sales light bids. New York receipts 1100 hogs 120 cattle 5700 sheep steady with lambs higher. Bulls, steers, and calves shown varied price ranges across both markets amid steady to weak demand.
MENTIONED IN THIS ARTICLE
Chicago
Texas
New York
Beeves
Wilson nominates Hughes for Kentucky revenue post
President Wilson yesterday nominated John W. Hughes for collector of internal revenue for the Kentucky district and Edgar B Merritt of this city for assistant commissioner of Indian affairs.
MENTIONED IN THIS ARTICLE
Wilson
John W. Hughes
Internal Revenue
Highth
Kentucky
Edgar B Merritt
Explain the Panama Canal Globe and History by The Post
The Panama Canal story is presented in two works: World Globe and Uncle Sam's Panama Canal and World History. Joseph Bucklin Bishop, eight years canal secretary, narrates from conception to completion. The copy urges readers to obtain the globe and history for home office school or library with a coupon offer.
MENTIONED IN THIS ARTICLE
Panama Canal
Uncle Sam
The
Post
Joseph Bucklin Bishop
Globe and History
Badges for War Veterans Issued by War Department
United States will supply service commemorative badges to veterans both volunteer and regular. The mint superintendent, with Adjutant General approval, will process applications and verify records for those who served before January 11, 196 and in Civil War, Spanish American, Philippine, Chinese, and Cuban campaigns.
MENTIONED IN THIS ARTICLE
United States
Adjutant General
Army
War Department
Municipal fish wharf and bread sale laws eyed in Haskell report
The annual report of Col. William C G Haskell on weights measures and markets proposes watching bread sales, a foot of Eleventh street fish wharf project, higher huckster licenses, and broader bread sale regulation. Damages were awarded to Henry E B Brady for injuries in a February 1911 Benning Road collision, with Washington Railway and Electric Company found liable.
MENTIONED IN THIS ARTICLE
Eleventh Street
William CG. Haskell
Henry EB. Brady
Geological Survey
Washington Railway and Electric Company
Justice Barnard
Brady
Benning Road
R. J. Downey
L. J. Mather
J. D. Carmody
W. G. Johnson
Richmond Invites Wilson to Ghent Centennial Plans
Senator Martin and Representative Flood with a Richmond delegation urged President Wilson to attend a December 3 and 4 preliminary meeting in Richmond to arrange next year’s celebration of the treaty of Ghent centennial.
MENTIONED IN THIS ARTICLE
Martin
Representative Flood
Virginia
Richmond
President Wilson
Ghent
Price-Fixing Quiz Is Next Invole Economic Education
Lansing report on Commerce inquiry into retail price fixing by manufacturers. Secretary Redfield cites Supreme Court decision but urges study of economic questions for future legislation. remarks at Lansing Board of Commerce. Grand Rapids notes Redfield condemning wasted work direction and urging training. Steamer Wadsworth reaches Norfolk distressed after Oct 20 storm. crew reports gear damage. ship to be repaired.
MENTIONED IN THIS ARTICLE
Lansing
Mich
Department of Commerce
Redfield
Lansing Board of Commerc
Supreme Court
Grand Rapids
Redfeld
National Society For the Promotion
Norfolk
Tank Steam
Harry Wadsworth
New York
Galveston
Tex
Wadsworth
Also Mentioned on This Page
Charman Eliott
Bounds
Minterboorough Rapid Transist
Panama
Union Pacific
New York, New Haven and Hartford Railroad
President Mellen
Mellen
Mr. Elliott
Atchison, Topeka and Santa Fe Railroad Company
E. P. Ripley
Benjamin P. Cheney
T. DeWitt Cuyler
Philadelphis
Augustus D. Juilliard
Hocking Valley Railroad Company
Ohio Utilities Commission
Seaboard
Aix Line
Local Financial
Flynn
Secret Service
Spurius
Fourteenth Street
Charlotte Daly
George 5. Reese
John W. Childress
J. J. Lampton Company
Banking Institute
American Institution of Banking
Charles R. Barnard
A. N. Nevilla
Riggs National Bank
Great Falls
Potomac
F. B. Devereux
National Savings and Trust Company
W. A. Dexter
Riggs
National Bank
H. W. Ireland
Home Savings Bank
Lawrence H. Ekiliman
R. C. Drum Hunt
Washington Loan and Trust Company
Local Produce Market
Delaware
New York State
California
Florida
Chicago Grain
City
Fla
Toledo
Lima
Wooster
Indiana
Curb Market
Baltimore Securities
Adams Express
Titan
Angio- Amer
Rere
Braden T
Giroux
Greene-Cananea
Goldfield
Intercon
Kerr
Big Te
Power
United Rys
Q. B.S
N. Ow
M & C Bs
Penn
Wat & P
United Rys. & Elec. Inc
United States Treasury
Washington Cattle Market
Treasury Offices
Treasury
Philippines
Spore
Allouez RY Amalgamated Copper
Am’'n Zinc, Lead & Sm
Arizona Commercial Bos. & Corb
Cop. & Sil. Mg
Calumet & Arizona
Centennial Copper Rang Co
East Butte
Franklin Sere Granby Consolidated
Greene Cananea
Bas Lace
Mohawk Nevada Consolidated
IBY
Nipissing Mines
Naorth Butte
North Lake
Old Dominion
Shannon
Utah Consolidated Oy
Utah Copper Co
Local Stock Exchange
Seereerneeens
Ralapital Traction Coroa
Ches
Vic Power
Norfolk and Wash
Nese Riggs Realty
Nation
Capital Columbis
Federal
Metropolitas
Orn Rehre
SIP
NEW York Stock Market
NEW York Grain
Osborne
Prouty
Mr. Wilson
Globe and History the Post
Col. Haskell
D. C. Heads
U. B. Treasury
Munsey Trust Company
Frank A. Munsey
Washington Loan & Trust Co. Cor. Ltd
F Sts
John Joy Edson
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
J. Thilman Hendrick Hendrick
15Th St
Washington Stock Exchange
Manhattan Site Insurance Co
Newepapref