The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1913-03-11
UNDER
SEVERE PRESSURE
Heayiness of Principal Foreign
Markets Reflected in Sharp
Declines in Both investment
and Speculative stocks
(By the Associated Press

(By the Associated Press
New York, March 8.-Securitles
were under constant pressure during
the two hours of trading today. The
heaviness Of the principal foreign
markets was reflected here in sharp
declines among both Investment M
speculative stocks. The virtual fali-
ure of the Prussian governments a
offering yesterday depressed rOpea
markets and sentimental1y was an in
fuence here. Bankers held that the
tendency would be toward the main
tenance Of high rates abroad, with the
prospect of further calls upon this
center.
There were more rumOrS IN clrcuia-
ton regarding the prospects for &C
ton by the new attorney general
against large corporations, particularly
tobacco and oil companies. In spite
Of the fact that there appeared to be
no foundation for rumors, the stocks
continued their recent decline. Losses
among the tobacco stocks ran from
5 to 10 points. Standard Oil Of New
Jersey broke 25 points more.
The bank 3atement revealed the ex-
| pected cash loss of over $4,O 900, 600, but
there was a scaling down Of loans Of
$23,50O,00O n the slender margin OF
excess reserves reported last week was
| slightly increased. Bonds maintained
their declining tendency. Total sales
(par value) $1,37S,000.
United States bonds unchanged On
the week.
Total sales of stocks fo" the day
were 100000 shares, including the
following:
American Tobacco :. . -. 800
Chesapeake and Ohio >. j. 1900
Lehigh Valley -. /. >. -. 500
Louisville and Nashville :. . i. 100
Norfolk and Western {. 1900
Reading ;. . -. -. 1900
Seaboard Air Line pfd. :. -. 200
Southern Railway ;. . :. :. =. 10O
Southern Railway pfd. -. :. 500
Tennessee Copper F. :, :. ACC
Union Pacific . !. $4,000
L. S.. Steel =. :. -. ;. 50,1GO
Virginia-Carolina Chemical /. 400
STOCK LIST.
Amalgamated Copper . :. 50
American Agricultural :. ;. -. So
American Beet Sugar :. ]. :. 31Ha
American Can -. ;. j. . ]. 4, .. 31A
American Can pfd. ;. :. =, ..121h
, American Car and Foundry 80. so
: American Cotton Oil ;. :. !. Al
; American Ice Securities -. !. 24h
, american Llnseeo . : +. +. /. . -. w
American Locomotive :. . . -. 35
> Am. Smelling and Refining -. IS
: Am. Smelling and Refining pfd.. 1O3
. American Sugar Refining -. ...113A
= American Tel. and Tel !. =. ..132H
! American Tobacco >. . !. ..23S
!, Anaconda Mining Co. =. !. -. 35N
ACA.oon -. : > ..lOOts
Atchison pfd. =. :. !. /. .. :. 100
= Auantlc Coast Line :, :. ....123h
! l K a flD nrn IND III nn1 ~
Bethlehem Steel . :. :. !. =. 35H
> Brooklyn Rapid Transit -. =. 88%
Canadian Pacific :. . ]. =. +. ..225%
Central Leather . . -. -. 26a
. Chesapeake n Ohio -. -. 71%
> Chicago Great Western . >. =, AZ
y !. Chicago, Mil. and st. Paul :. ..1OsK
Chicago and North Western ...1a3X
q Consolidated Gas :. -. lao
Con Products . . /. :. -. 1OL
Delaware and Hudson =. a.. ..16OI
Denver n Rio Grande :, 1eL
u Denver and Rio Grande pfd. :. 331
~ Dfstlllers Securities . . :. :. 161
1. 80 $500 . . . !. > (. . 50. 26h
Is Erie LIST pfd. :. +. . : . :. All
& Erie End pfd. :. !. a.
- General Electric. 1871
he Great Northern pfd. -. .1a61
he Great Northern Ore Cts. :. 341
Or Illinois Contra :. 192
ne. ... :. -. 16s
~ ELECTROMAGNETIC pfd. :. 5SI
International Harvester :, .10S
st Inter-Marine pfd. ~
International Paper :. :. III
International Pump :. as
d. Kansas City Southern >. -
~ LAc!eue HaS ..... 4. 81
Louisville and Nashville 80.
D. Mimi, st. P. and Sault st. NJ. 194
r Missouri. Kansas n Texas -. Sas
lst Missouri Pacific . E. a.
National Biscuit -.
National Lead
Natl Rys. Of Mexico End pfd 30,
~, 49, SCe-idi :. los