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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 25, 1919
Page
2
New York report notes bonds were highly active with liberties rising early, while local traction issues fell to new lows. Corporate bonds hit historic lows amid weak sentiment and easing commodity prices. bankers urge buying as time may be ripe.
London stocks moved on a reduced scale with gilt edged securities steadier amid easier short loans. French bonds rose on exchange gains while Russian securities attracted buyers. Argentine railway shares and Marconi gained. Money market discounts fell, franc firming and New York improving to 4 17 6 44.
Trading was very light on the local stock exchange yesterday with Lanston Monotype the sole stock traded. Two blocks of twenty shares sold at 71 and 71 percent, closing bids at 71 and asks at 72 percent, the highest Lanston level in years. Washington Railway and Electric bonds were weak with $2,000 selling at 64, and regular call notices listed for 45 and 61.
The District of Columbia topped all states in Victory Liberty Loan subscriptions with 139.66 percent and 38.3 percent of its population buying bonds, far above national averages. Banking clerks in New York push for a six hour day amid union talks affecting small banks nationwide. fare changes and bank renovations are noted as well. A Frightening incident in Virginia leaves a 9 year old girl wounded as a Confederate veteran is jailed after a shooting at Chatham.
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