Trading Irregularities Press Stocks Hold Up In Mixed Market
New York April 2 trading in stocks showed mixed signals with 3 percent of issues hitting new yearly lows while others like Southern Pacific and Baltimore & Ohio rose briefly. Short covering supported gains though underlying demand remained weak amid favorable political news and cautious buyer sentiment. Bond activity sagged with total par value trades around 2.18 million.
MENTIONED IN THIS ARTICLE
New York
Southern Pacific
Baltimore & Ohio
Reading
Lehigh
Union Pacific
Amalgamated Ci Yer
Tondon
Balanca
New Haven
Keading
United States Steel Corporation
United States
California
Wabesh
Sulzer
Greater
London
Stock Transactions On Local Exchange And Markets
New York reports steady sterling exchange and varied bond quotes with government and railroad issues steady. Copper market quiet with spot and tonnages. Chicago cattle and hog receipts mixed with higher tier prices and cattle and sheep markets showing strength, including Tex steers and western stockers.
MENTIONED IN THIS ARTICLE
New York
Bsis
Sterling Exchange
Th. Bankeville
Heavonay
Nas Ih
mBe
Tie
Anon
Chicago
Reeves
Western
Market falters as copper rally stalls in unsettled climate
The market failed to rally after a sharp drop and copper shares were mostly unchanged, with Granby and Range among the few modestly stronger issues. Disturbing factors include tight money, war news and politics, while expectations of a conference outcome limit buying. Boston reports note a cautious tone with some short covering in Union Pacific and concerns over Missouri Pacific and Southern Pacific developments.
MENTIONED IN THIS ARTICLE
Tony
Paine
Boston
Granby
Range
Missouri Pacific
Union Pacific
Southern Pacific
Central Pacific
Chicago Market Report Signals May Covering in Wheat
Chicago traders see May settlement activity as shorts cover in wheat lifting prices after a weak start. Corn oats and provisions also show gains with strength driven by large buyers and state inspection tightness. Market notes include May and July futures, cash grains, and dairy and egg prices amid firming market tone.
MENTIONED IN THIS ARTICLE
Chicago
Shorts
Kansas
Sie
de Park
LardMay
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Long
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