Norfolk and Western responds to Virginian lease move
New York stock traders rallied after early declines as wheat prices rose and many issues rebounded. Norfolk and Western rose three points to 1944 after announcing it leased the Virginian Railway, while Union Pacific faced pressure on earnings and fell to 187 before recovering to 138.
MENTIONED IN THIS ARTICLE
New York
Reel
Middlewest
Steel Common
Ludlow
Maxwell Motors B
Mack Trucks
Hudson
Lys Overland
Jordan
Pierce Arrow
Pan American B
Standard O. of
N. J
Standard of California
California Petroleum
Atlantic
Marland
Mexican Seaboard
Trouston
Tidewater
Independent Oil and Gas and Union OH of
California
United States
Manila Electric Railway
Western Union
Alls- Chalmers
American Can
American Tobacco
American Woolen
General Electric
International Paper
National Cloak and Suit Savage Arms
Frank G. Shallayck
Frisco
Norfol
Western
Virginian Railway
Bond market rises on rail demand and merger chatter
Stocks rallied in New York on April 22 as rail issues led gains amid strong demand and talk of mergers and higher dividends. Virginian Railway and Norfolk and Western issues moved up, with Virginian 58 crossing par and Norfolk and Western convertible sixes +14, while overall rail shares showed broad strength and selective gains in major companies across sectors.
MENTIONED IN THIS ARTICLE
New York
Catajoga
Virginian Railway
Norfolk and Western
Pennsylvania
Frinco
Bond Rally Lifts Rail and Sugar Shares In Wall Street
A brisk rally in the Ste ck area follows favorable earnings and higher dividends. Southern Pacific and other rail bonds advance while sugar bonds gain on merger talk. New bond issues include the Indian National Corporation and Commercial Investment notes, with a Ontario short term issue awarded to Blair and Company.
MENTIONED IN THIS ARTICLE
Steck
Southern Pacific
Southern Railway
Great Northern
New Haven
Idson
Oregon-Washington
Warner
Punta Alégre
Wall Street
Pan American
Indian National Corporation
Blair‘ and Company
Province of Ontario
New York Sugar Prices Hit New Year Lows
Raw sugar futures extended the year’s new lows as Porto Rican contracts for May and April shipments traded around 4.40 and 4.37 respectively, with 464000 and 39000 bags moved and Cuban prompt stock rising to 4925000 tons. May closed at 2.42, July 2.80, September 2.96, December 3.01, refined grades steadied and demand improved.
MENTIONED IN THIS ARTICLE
New York
Cuba
Livestock market report from Chicago with mixed cattle bids
Receipts total about 9 000 cattle and 17 000 hogs with varied demand. Heifers and weighty steers show upticks, yearlings uneven, bulls steady. hog prices range 12.15 to 12.40 for good weights while lighter packs hold around 11.70 to 12.00. Sheep and lambs are slow but mostly steady to firm with clippers and spring lambs dominating the trade. A note mentions Ontario bond public offering by Bakers.
MENTIONED IN THIS ARTICLE
Chicago
Nebraska
Virginia
New York
California
Market quotes and seed prices from Toledo report
In Toledo on April 22 wheat No 2 red priced at 149 Cloverseed cash 16.80 asked and Oct 13.50. Alsike August 12.90 asked. Timothy cash 3.10 asked, May 3.15 asked, sen 3.60 asked. Notes yield at 4 percent and two year notel 4 3 8 percent.
MENTIONED IN THIS ARTICLE
Toledo
Alsike
Timothy Cash
Sen
Dry Goods Trade Quiet in Cotton Fabrics Markets
New York April 22 reports cotton goods fairly steady in print cloth divisions with gray cloth brisk. Novelty prints and wash goods show activity in silk and cotton lines. Ginghams stronger in retail and wholesale. rayon demand rising.
MENTIONED IN THIS ARTICLE
New York
Fashion and wool markets show price shifts this week
The report notes popular priced clothing gaining traction among aspiring buyers with new colors. It also records further declines in foreign wool at weekly auctions and mentions raw silk trading on reports of under selling in Yokohama.
MENTIONED IN THIS ARTICLE
Rawalik
Yokohama
Grain futures dip as weather and demand shake Chicago market
Chicago grain prices rose modestly amid cautious trading on April 22 as reports of Russian famine and extreme heat fueled demand. The May wheat contract moved up to 1.55 percent, with July at 1.43 percent, while the western market closed 2 to 6 cents higher amid expectations of new May delivery difficulties.
MENTIONED IN THIS ARTICLE
Chicago
New York
Market Prices Fragment Mentioning Provisions and Rates
Fragmentary OCR notes show corn price unchanged to percent off, cate percent to percent up, and provisions quoted at 2 td 30 up. No clear dates or entities available.
Dairy News From New York Apr 22 Report
New York dairy market notes firm receipts totaling 9 497 packing stock cure rent and other figures. Hegs weak receipts reach 74 029. Fresh gathered extras firsts 29 30 percent. Storage packed 28 30 percent. Nearby Kennery whites extras NT. Pacific coast whites extras 88. Firsts to extra first 34 azz. Cheese receipts 58 818 pounds.
MENTIONED IN THIS ARTICLE
New York
Kennery
Pacific Coast
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