Sterling Advances Three Cents Near Parity in Gold Standard Move
New York April 28 The British decision to restore the gold standard sent sterling up about three tenths to roughly $4.84 the highest in ten years. Market volume was light as trading centered on the news with pivotal shares mostly higher. Steel common rose to 115% and several rail and industrial names posted gains while some high priced specialties fluctuated. US industrials and utilities also saw notable shifts as investors reacted to the policy shift.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Wall Street
Baldwin
Federal Light and Traction
United States
Kelsey Races
Nash Motors
Utah Securities
West Penn Power
Western Pacific
Norfolk and Southern
Seaboard Air Line Common
Preferred
International Railways
Central America
Atlantic Coast Line
Chesapeake and Ohio
Chicago Great Wesen
Eres
Gut Mobile and Northern
Northern Pacific
Katy
American Water Works
Virgin Railway and Power
Coca Cola
National Dairy and
Loews Inc
Hoover
Cuba
Laclede Gas
National Distillers Preferred
Rosaia Insurance
Ward Baking A
New York Bonds Rally as London Gold Market Reopens
Bond trading rises amid London gold market reestablishment and a rally in United Kirzion bonds to year highs. Market mood improves on Britain’s return to the gold standard, offsetting concerns from German election results and boosting foreign group sentiment.
MENTIONED IN THIS ARTICLE
New York
London
Sforting
United Kirzion
Riews
Great Britain
Market Movements See Mixed Bonds and Rail Issues
Moderate gains appeared in rail liens with strong demand for high grade and semi speculative issues. Seaboard Air Line bonds rallied on favorable earnings, while Union Pacific and Atchison issues showed modest gains. Sugar bonds weakened as sugar prices fell to yearly lows, and government bonds held firm with Treasury 4s at a yearly high. New financings included Baltimore and Ohio equipment trust notes and Manitoba bonds.
MENTIONED IN THIS ARTICLE
Seaboard Air Line
Union Pacific
Atchison General
Burlington General
Denver
Rio Grande
Warner
Wilson and Company Tissues
Magma Copper
Kelly Springfield Tire Ss
United States
Treasury
Baltimore and Ohio
Equipment Trust
Manitoba
German Elections and Policy Shifts Reported in Washington
Washington discussion centers on the German election and its implications. Naval officials note planned maneuvers and lessons, the prohibition unit reorganized under Assistant Secretary Andrews, and Culbertson becomes minister to Kamanta. England halts return to gold basis as a key reconstruction step. The Academy of Sciences debates relativity, while German chemists perfect a new alcohol potentially threatening the US wood alcohol industry.
MENTIONED IN THIS ARTICLE
Washington
Naval
Andrews
William S. Culbertson
Kansas
Tariff Commission
Kamanta
England
Treasury
Academy of Sciences
Livestock Prices Mixed as Chicago Markets End Mixed
Chicago markets report uneven cattle trade with declines of 25 to 35 cents and numerous loads unsold at noon. Hogs open steady then ease 10 to 15 cents with good and choice 160 to 220 pound hogs around 11.70 to 11.90, sows at 10.30 to 10.75, and pigs 11.00 to 11.25. Sheep and lambs rise 25 to 40 cents with fat lambs 15.75 to 15.90 and clippers 13.35 for 83 pounds. California sprinters listed at 17.00 to 17.25.
MENTIONED IN THIS ARTICLE
Chicago
Catle
Fed
California
Grain prices rise on British credit in U S
Chicago April 28 grain market rallies on news of a British government credit of 300 million dollars to the United States. Wheat closes at top figures with May at 1.49 and July at 1.40. corn and oats higher. provisions mixed.
MENTIONED IN THIS ARTICLE
Chicago
United States
Dry Goods Trade Quiet as Cotton Prices Ease
New York on April 28 reports cotton goods quiet with prices eased on some sheetings and drills. Print cloths steady with light demand. Yarns easier, though slightly firmer in spots.
MENTIONED IN THIS ARTICLE
New York
Textile market report shows varied activity across fibers
Inquiry from wire insulators noted. raw silk steady with moderate buying. Print silks active amid fall lines of new velvets brocades and heavy corded fabrics. Wool focuses on high colored or sport weaves. Men's wear fancies selling better than staples while dress linens remained weak.
Dairy Prices and Receipts Report for New York
Butter receipts total 14 704 with creamery extras at 46 46 1 2 cents and 92 score 4 544 cents. Firsts 43 45 cents. Cheese receipts 109 085 pounds state whole milk flats fresh fancy 20 21 cents. Average runs 19 19 percent. Irregular bags receipts 61 209.
MENTIONED IN THIS ARTICLE
New York
Seed prices rise for Toledo wheat and clover cash sales
Seed market report shows Toledo on April 28 with Wheat No 2 at 1821.85 dollars and Clover seed cash price at 16.40 dollars per unit. Multiple entities include Toledo market, commodity types Wheat and Clover, and price figures.
MENTIONED IN THIS ARTICLE
Toledo
October and December Prices From Market Report
Market notes show October price at 13.05 and December at 13.00. Alsike records August price 12.65. Timothy cash at 3.00 with May 3.05 and September 3.55 noted.
MENTIONED IN THIS ARTICLE
Alsike
Timothy
Poultry Prices Steady on New York Market
Live poultry remains steady with rollers at 415 55e for express delivery and fowls by freight at 30 32c. Dressed poultry holds firm with no price changes.
MENTIONED IN THIS ARTICLE
New York
Express
Record Heat Reaches 138 Degrees In Mesopotamia
T F Hayes reports a 138 degree shade reading at Samarra railway station during the 1917 Mesopotamia summer. He notes the temperature stayed near 138 for a fair night.
MENTIONED IN THIS ARTICLE
Allahabad
India
T. F. Hayes
Samarra
Mesoppotamia
Veitch Leaves Estate After Plant Nursery Start
London report says Sir Henry Veitch who began a horticulture business with two plants died leaving an estate valued at 385000 dollars.
MENTIONED IN THIS ARTICLE
London
Henry Veitch
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Sterling
Pivotal
Mentee ‘Od Co
Nk of
Wyoming
Ors Hock Coa and Coke Com
Bikhorn Valley Grocery
First National
Keystone
Aree
Mountain State Candy Co
Northfork Finance Corporation
Mhontas Coal Land Cor
Ahontas Fuel Co
Ocahontas Fuel Co
Ptd
Kremler Rea Ash Coal Co
M. Rifler Lumber Co
West Virginia Armature Co
Nawiciolke Westen
Santacradford
Bristol
Lynehbursee
Phi
Tkoers
Roanoke
Sheaan
Norfolk
Wilameon
Kenova
Cinelnats Eure
Norton
Wiley Beet Agent
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Bluefield
Virginia
Pluefield Trust Co
Way
York
American Car
Semtone
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Atlan
Baldwin Locomotive
Hetichem Steel
California Petroleum
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Western North
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Reading
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Repubt Iron and Stent Reynolds Tolmeeo
Oo Calm Bt
Louis
San Francisco
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Roebuck Sinclair Consolidated
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Southern Mailway Standard O of
Standard Os of New Southern Pacific
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Texan Company
Texas and Pa Texas Company
Tobacco Products
Transcontinental
Volon Pacific
United Drug
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Henry Applegate
Holder
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Secy & Treas
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T. Slann
James Elwood Joneca
Thomas F. Farrell
A. J. McBride
H. R. Hawthorne
Lir Alexander
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Great Lakes
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Tanagras Et Ag
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Codex Watkins
Scott's Mil
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Lieber’s
Bioss
Yeaman
Jay