Market Sagged as Professional Traders Dominated
New York stock prices fell amid a day of heavy professional speculation and a clouded monetary outlook. Short interest remained unwieldy after gold import uncertainty stirred liquidations, while banks faced reserve impairment and traders watched Western transfers and Bank of England policy for further direction.
Wall Street Gossips on Market Two Sidedness and Gold Moves
Curiously shifting opinions grip New York trading as some traders turn bullish on high priced rails and cheap Industrials while others sell down holdings. Gold import moves spark debate on money supply and near term prices with anticipated higher levels later this year.
MENTIONED IN THIS ARTICLE
Washington
New York
New York Stock Market Prices and Quotes listing
Daily quotations from W B Hibbs Co bankers and brokers list extensive bid and ask prices across stocks bonds and certificates in Washington DC and regional markets including Washington Railway and Electric Westinghouse graphophones gas stocks and insurance and title companies. Closing bids show diverse ranges with numerous bonds and equities highlighted.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
Street
New York Stock Exchange
Chicago Board of Trade
Washington Stock Exchange
New York Bond Market Shows Broad Ledger Movements
New York on Sept 12 reports varied bond activity with certificates from American Tobacco to Union Pacific and many railroads trading. Prices show modest gains across several issues while others remain steady or bid lower, amid a broad market backdrop and dealer commentary.
MENTIONED IN THIS ARTICLE
New York
American Tobacco
Atchison General
Atchison Adjustment
Atlantic Coast Line
Baltimore and Ohio
Central of Georgia
Central of Georgia Ist Inc
Gentral of Georgia
Chesapeake and Ohio Digs
Chicago and Alton
S . Aay
Chicago
Burlington and Quincy
New 4A
R. I
Pacle
Pacific R. KR
St. Louis
Chicago Terminal
Colorado
Colorado Midland
New Colorado and Southern
Cuba
Denver and Rio Grande Distillers
Erie General
Fort Worth
Denver
Hockings Valley
Japan
Louisville
Nashville
Manhattan
Consol
Mexican Central
Minneapolis and
Missouri
Kansas
Miesouri
Texas
Rational Railroad of Mexico
New York Central
Sane
New Jersey Central General
Northern Pacific
Norfolk and Western
Oregon
Pennsylvania Convertibia
Iron Mountain
San Francisco
St. Louiz Southwestern Con
Seaboard Air Line
Souther Pacific
Southern Pacifc
Southern Railway
Texas and Pacific Iste
Toledo, St. Louis
Western Union Pacific
Washington Railway stock fuels active trading amid steady week
On yesterdays Stock Exchange session Washington Railway common shares saw a surge in demand with 108 and 600 traded at around 44, a six months option price peak. Preferred stock moved about 93 with large blocks, bonds 97-3, Lanston and Mergenthaler notes showed mixed activity, and Bank stocks fluctuated as Metropolitan and Commercial Bank interest persisted. The day also carries notes on the City and Suburban railroad receiver action and the Merchants and Mechanics Savings Bank inaugural board election in Alexandria.
MENTIONED IN THIS ARTICLE
St. Paul
Lanston
Graphophone
Washington Railway and Electric
Washington Railway and Electric Preferred
Washington Railway and Electric Common
S Stock Exchange
District of Columbia
Capital Traction Railroad
Metropolitan Railroad
Columbia Railroad
Anacostia
United States
United States Electric
Chespeake and Potomac Telephone
Washington Market Company
Potomac Electric Light
Norfolk and Washington Steamboat
Safe Deposit and Trust
National Basy Deposit and Trust
Washington Loan and Trust
American Security and ‘Trust
Washington Safe Deposit
Union Trust Company
Washington Savings Bank
Home Savings Bank
Union Savings Bank
Capital Traction
The
Washington Railway and
Electic Common
Bristol Gas and Electric
National Bank
Commercial
Bank of Washington
Metropolitan Citizens
Central
Farmers and Mechanic
Second
Columbia
Capital
American
Lincoln
Riggs
Franklin
Metropolitan
Corcoran
Potomac
Arington
National Union
People’s
Colottal
Washington
Chesapeaka
Washington Gas
Georgetown Gas
Mergenthaler Linotype
Lanston Monotype
Greeny Consolidated Copper
Washington Market
Norfolk
Stock Exchange
Hume
Washington Railway Company
Commercial Bank
Metropolitan Bank
Merchants’ and Mechanics’ Savings Bank of Washington
Alexandria
P. A. Drury
Henry Evens
Emmet L. Adams
William A. Hill
Charles Kraemer
Charles W. Carr
A. G. Clapham
T. C. Johnson
J. M. Crute
Julius J. Peyser
Elridge E. Jordan
Charles J. Walker
D. J. Waniman
F. T. Lanner
William G. Dunnington
Uay
W. B. Hibbs & Co
F Street
New York Stock Exchange
Chicago Board of Ade
Chicago
Northwest
C. Duta
Minneapolia
Duluth
Miitlers
Canada
Manitoba
France
India
Minneapolis
Middle West
BAKTR
Metzeratt
P. O. Box
Washington, D. C
Harrison- Browning Co
D. C
Frank T. Rawlings
Arlington Fire Toaurance Company
Weak wheat market edges lower amid mixed grain receipts
Wheat prices eased to daily lows as weak demand and easing prices pressured markets. December opened flat to up, then fell. local receipts and cash buyers gave limited support. Corn and oats followed wheat lower with mixed grain notes, while export demand and farm receipts shaped the session.
New York Produce Markets Mixed Prices and Metals Slump
New York markets report flour exports of 8,994 barrels and butter receipts at 10,540 with street prices up. Metals show a sharp London break on copper and iron prices, with local quotes easing on lead, spelter, and foundry alloys amid uncertain immediate delivery costs.
MENTIONED IN THIS ARTICLE
New York
Cordova
Liverpool
London
Iran
Middlesboro
Standard Foundry
Foundry Northern
Foundry Southern
Live Stock Markets Stronger for Beaves and Calves in New York
New York market reports receipts 2,470 cattle with steadier to stronger prices for good steers and bulls. Calves receipts 2,657 with veals steady and grassers lower. Sheep and lambs receipts 4,792 with good lambs firm or higher. hogs down. Chicago also shows cattle and hogs mixed, with cattle steady to 10c lower and hogs 10-16c lower.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
Bankers and Brokers
Hi9
FE Street
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
New York
Wall Street Pool
Galveston
New Orleans
Charleston
Norfolk
Baltimore
Jacksonville
Wea
Houston
Baguepe
Augusta
Byewsewawe
Memphia
Uallapedane
St. Louis
Cincinnatimelos
Great Britain
France
Stock
Japan
Mexico
Continent
Duluth
Manitoba
Chicago Bulls
Pennsylvania
Chicago
Baltimore Markets Grain and commodity prices report
Baltimore markets report steady to firm across grains and staples with receipts and exports listed for flour corn oats rye and more. Butter eggs cheese and sugar show little change as futures stick to prior levels in a typical Sept market session.
Local butter and eggs market report
A market brief shows eggs in fair supply with demand matching, prices around 20 to 23 cents for virginia and Southern grades. butter likewise steady with creamery fancy at 23, Western firsts 21 22, and store packed at 15 to 19 cents. Prices vary by quality and storage conditions across regions.
MENTIONED IN THIS ARTICLE
Virginia
Southern
Unprecedented Rail Rail Order Momentum From Pittsburg
Pittsburg reports large orders for steel rails booked for next year, with Western railroads among buyers. Estimated 1,500,000 tons ordered for delivery next year, plus about 300,000 tons already contracted for this year likely moved to next year. Record production possible next year after 1993 peak near 2,990,000 tons, surpassing last year’s 2,200,000 tons and early-year projections of 2,000,000 tons.
MENTIONED IN THIS ARTICLE
Western Railroads
Pittsburg
Board Reelects Directors and Plans October Meeting
A local board re elected its directors and announced an October meeting to declare a dividend. Reports indicate the road condition remains satisfactory and views of improvement are forthcoming.
MENTIONED IN THIS ARTICLE
Img
Smelter Company Reports Higher Earnings and Dividend Increase
The American Smelting and Refining Company released its annual report for the year ended April 30 showing net earnings of 3,898,811 dollars, up 999,238 from the prior year. After allocations for employees profit sharing, construction, and a 6,000,000 dollar dividend, the year ends with a 1,618,911 dollar surplus, down 347,825. The dividend rise reflects a 1,250,000 dollar increase over 1904. The report notes a 2,302,270 dollar gain in the investment account due to purchasing 25,000 shares of series B preferred stock of American Smelters Securities Company, and holdings of 177,510 shares of that company’s common stock. The value of this stock is not shown in the investment account. In Jersey City, the retiring board was reelected with W. S. McCornick replacing Edmund N. Nash.
MENTIONED IN THIS ARTICLE
Bank of England
London
Tis
American Smelting and Refining Company
Western Union Telegraph
New York
American Smelters' Securities Company
American Smelters’ Securities Company
American Smelting
Jersey City
W.S. McCornick
Salt Lake City
Edmund N. Nash
Decca
Also Mentioned on This Page
Wall Street
Washington Post
Professionals In Control
Erie
Cincinnati
Hamilton
Jon Pere Marquette
Toledo
Westrn Rairoads
Mareau
Patton
Prime Mercantile
Sterling Exchange
Bankers
I G
Pew
NEW York Stock Market
Washington Railway
Washington Hailway
Adame Express
Amalgamated Copper
Car and Foundry
Express
American Ice Securities
Anaconda Mining Co
Atchison
New Jersey
Chesapeake and Univ
Alten
Great Western S
Northwestern
Southern Cale
Cole
Consolidated Gas
Delaware and Hudson
Lack, and Western
Denver and
Rio Grande
Rilo G
Securities
Orie
Taye General Electric
al Great Northern
Hocking Valley
Ilinois Central
International Paper
International Pump
Iowa Central
Iown Central
Kansas City Southern
Manhattan L
Metropolitan Securities
East
Minn
St. P
Kuns
Tex
Ptd
Nationsi Blocult
Nat. R. R. of
Qatarto
Ana W
Bay Ay
BO Norfolk and Western Ptd
Pacfac Mal
People's Gas
Pitts
St. L
Carp Anong Pullman Palace
ALBM
Republic Steel
Republic Steel Pt
Rock Island Co
Sheffield
St L
San # 2 of 2007 a a7 St Louis Southwestern
Southwestern Ptd
Southern Park
Lise
Southern Pacific
Arm
Union Pacific
Union Pactfte Pta
United States Realty
United States Rubber
LOT Steel
United Statesteel
Carolina Chemical
Carolina Chem
Wabash “Atte
Wabash Prd
Aly Wells-Fargo Express
Westinghouse
Local. Financial
Mergenthaler
Boston
City and Suburban
Mergenthaler Linotype Company
Maine
Bankers’ Convention
A. K. Parris
Seation
American Bankers' Association
C. C. Glover
White House
New Willard
District of Columbia Association
Chicago Grain
NEW York Grain
Whdat—Dasler
Baltimore Railroad
Tenn
Nashville, Chattanooga and St. Louis
ANK
ACCOL
National Safe Deposit, Savings & Trust Co
15Th
New York Ave
C. Listed
Trust CO
IBS & CO
1 Stock Exchanges
Ton Stock Exchange
Board of Trade
Gle Bee Rey Capital Traction
R’y. Ptd
R’y. Com
Steamboat, &c
Co-Operative Building
Xchange
Riggs Winx
Ave
U. S. Treasury
Consultus
F. H. Smith Co
N.Y. Ave
Bond Bldg
D. Cc
Moore & Hill, Inc
4Th St. Nw
FOX CO
Ing
14Th St
15Th St. Nw
HW. Smith CO
Bond
OY. Ave
D, C
Stone & Fairfax
Tyler & Rutherford (Incorporated
F St. Aw
WM. H. Saun
Ders & CO
E. H. Taggart
13Th St
Ernation Banking Corporation
G Street
N. W
Swartzell, Rheem & Hensey Co
Warner Building
Washington Loan & Trust CO
Fitb
ERAT
PSTAT
John Joy Edson
Andrew Parker
Harry G. Mebm Boyd Taylor
Thomas Bradley
Francia H Smith
Alvin M. Lathrop
E. Quincy Smith
John B. Sleman
G. O. Watson
Jackson H. Ralston
I G& Kimball
Auditor Union Sa Bond Bldg
Jth & Nly
Jenkins & GO
Commission Stock Brokers
Greulich
Martin & CO
Chesley & Spence
Colorado Building
Somer
Vdapa
Ladi Department
Arthur Wall
Are Anne
Lynn, Wall & Co
F Street Northwest
Adams Building
Fred K J. Warburton
Heiskeil & McLeran
Wood & Blankenship
Gelorade Buildin
Ashington
Gasab
York
U.S
Traders National Bank
Wade & Hedges
J. Sage & So
Broadway
N.Y
Atlantic Building
N. W. Atlantic Building
Ati
Businema
Ume
Wade
Joana
Jess
National Loan and Investment Co
Sts. N. W
U.S. Treasury
Trst’ CO
N.W. Cor
Glee
LIN Mutual Loan and Trust
Building and Loan Association
Pla
Tatioral Mortgage
F ST. NW
Meenty Lars
Pringipal
Sea Tolman
Tosesia Corcoran Hide
Hrehi