Erratic Price Movements Mark Stock Market Activity
Erratic price swings characterized the day on Wall Street as heavy buying and profit taking sent many issues up and down. Frisco and Pennsylvania rails rose with record highs. Standard Industrials mixed while motor shares spiked, led by Chrysler and General Railway Signal momentum.
MENTIONED IN THIS ARTICLE
New York
New York Federal Reserve
Commission House
Great Britain
France
United States
Wall Street
American Debt Funding Commission
Frisco Common
Pennsylvania
Seaboard Air Line
Western Pacific
Kansas City Southern
U. S. Steel
Baldwin
American Can
Chrysler
Mack Trucks
White Motors
Jordan
General Railway
Otis Steel Preferred
Midland Steel Products Comenne
Allied Chemical, Childe & Co
International Business Machine
Bond Market Mixed as Rates Hover Near Fed Outlook
Cross currents unsettled bonds while late trading showed underlying strength. Firmer money rates and talk of a possible federal reserve discount rate increase prompted many buyers to take profits on several issues.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Bond Market Shifts as Investors Favor Other Securities
Rapid changes saw investors move from rail and municipal issues to other bonds amid agitation to end the St Paul receivership. Seaboard, Florida Western and Northern, Delaware and Hudson, OK and Ohio, and Kansas City Southern bonds rose one to three points. Liberty bonds traded narrowly as fears of rate hikes faded.
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St. Paul
Seaboard
Florida
Delaware
Hudson
O Ke
Ohio
Kansas City
Great Britain
France
New York
Foreign exchange rates quoted in New York margins
Foreign exchanges irregular in New York with multiple currency quotes. Rates shown include Great Britain around 4.85 and 5/16 for demand and cables, France near 4.69 to 4.70, Italy about 3.74, Belgium 452 percent, Germany 23.80, Argentina 40.37, Brazil 12.62, and Tokyo Saar-79 percent options among others. Montreal listed end.
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New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho- Slovakia
Jugo-Slavia
Austria
Rumania
Argentina
Brazil
Tokyie Saar
Montreal
Call Money Rates and Terms In New York Market
Call money firm quotes steady to firm levels with high and low at 4 percent. Closing bids at 4.14 percent, offers 4 percent, last loan 4 percent. Call loans against acceptances at 4 percent. Time loans show mixed collateral with 60 to 90 days at 4 1/4 percent and 4 to 6 months at 4 1/4 percent.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Government bonds close in New York on August 27
United States government bond prices listed for Liberty and Treasury issues with various maturities. Liberty 3% at 100.25, first 48 at 102.3, second 4% at 101.00, third 4% at 101.17, fourth 4% at 102.12. Treasury 4s at 102.25 and Treasury 4% as at 106.16.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Wheat and timothy futures quoted for seed trade
Seed prices in Toledo list No 2 red wheat cash at 1.69 1.70 with Clover cash at 17.00 asked. Futures shown include October 15.50 December 14.80 March 14.85 for wheat. Alsike December 14.25 asked, March 14.40. Timothy cash 3.65 September 3.70 October 3.65 December 3.75 March 3.90.
MENTIONED IN THIS ARTICLE
Toledo
Alsike
Timothy
Wheat closes higher after late buying on Board of Trade
Chicago wheat prices surged toward the close as a strong late bid appeared on the Board of Trade. Traders cited cash sales at favorable prices and a general expectation of a recovery after a long period of weak sentiment. May wheat led the gains with a sizable advance from the prior close.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Chicago Livestock Market Report Aug 27
Livestock market data shows cattle receipts at 10,000 with yearlings and heavy steers firm early and varying by grade, top mature steers at 16.25. Medium weights around 16.00 to 16.10, grain fed 11.00 to 15.00, grassers 7.00 to 7.76, stockers 5.00 to 7.00, fat cows weak to down 15c, most dealers 12.00 to 13.00. Hogs receipts 16,000 with opening 10c to 15c higher than yesterday, light lights and slaughter pigs 15c to 25c up, market closed slow.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Prices and Shipments Report
Early advance losses but bulk heavier hogs and pigs improved with prices from 10.60 to 13.25. Shippers took 4000 head, holdover estimated over 10000. Sheep receipts 12000. Fat lambs up 25 to 26 cents, most $14.50 to $14.75. fat sheep steady. Native lambs and feeders strong with best at $16.50. natives to $8.00 and several ~$11.50 for cull categories.
Sugar Market Steady as Futures Press on Raw Prices
The raw sugar market in New York shows no change with Cuban spot at 4.40 duty paid. Sales total 31,000 bags to local and outport refiners for prompt shipment. Futures trading remains steady with final prices unchanged to one point higher for the active position as ample spot offerings persist.
MENTIONED IN THIS ARTICLE
New York
Market report notes demand and refined grain prices
The report states demand for new products is insufficient to absorb the offer with trade interest. September closed at 2.57, December 2.63, March 2.68, May 2.75. Refined market unchanged at 5.50 to 6.60 for fine granulated, with fair inquiry and refiners on deliveries amid recent heavy export sales.
Silk advances to highest level since March in New York trade
Raw silk rose today reaching the peak level since March as markets closed. Silk fabrics remain in strong demand while cotton goods hold steady with softening in sheetings and drills. Rayon fabrics see steady orders for children and women's wear. burlap markets firm as Calcutta trends lift activity.
MENTIONED IN THIS ARTICLE
New York
Calcutta
Dairy Prices Rise as Creamery Butter and Eggs Hold Steady
New York dairy market reports show butter receipts at 12,413 with creamery butter support, extras 44 to 45 1/2 cents. Egg whites steady with whites and browns varying from 40 to 56 cents, and cheese supplies at 218,000 pounds remain steady.
MENTIONED IN THIS ARTICLE
New York
Hennery
Pacific Coast
Butter Market in Chicago Holds Firm on Broad Demand
Butter prices in Chicago Aug 27 advanced to steady levels as demand from local and out-of-town buyers remained strong. Dealers reported light stocks with some early sales at slightly lower figures, while all grades moved in fair to good shape across the centralized market with fresh 92 score at 42 and 90 score at 42.4 cents.
MENTIONED IN THIS ARTICLE
Chicago
Wool Market Quieter in Boston With Firm Prices
On the Boston wool market for August 27, activity is subdued but prices remain firm despite low volume. Ohio fleece wools show a slightly improved tone, with strong offers in the quoted range. Considerable business has moved on three-eighths and one quarter blood goods in this line.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Poultry Prices Steady at Ace Firm in New York
In New York on August 27 ace Poultry reports live dressed poultry prices firm with no changes in the latest market update. Dressed poultry remains steady as supplies and demand balance.
MENTIONED IN THIS ARTICLE
New York
Smokeless Coal Operators Plan Conference on Production
In Pocahontas the Smokeless Coal Operators Association of West Virginia hosts a meeting led by president W D Ord of Landgraff. Attendees include C Higgins of Mt Hope C Morfit of Welch and W E Koep ler of this city to discuss coal delivery to New England under the new rate and potential mining output.
MENTIONED IN THIS ARTICLE
Pocahontas Coal Operators’ Association
Smokeless Coalators’ Association of
West Visa
W. D. Ord
Landgraff
George Wolle Ofen
C. Higgins
Mt. Hope
C C. Morfit
Welch
W. KE. Koepler
New England
Cowboys tame marmots in Glacier Park show
Cowboy guides capture and train marmots in Glacier National Park. The animals sit up like dogs and whistle to entertain visitors before being fed. An estimated one million marmots inhabit the Rocky Mountain colony.
MENTIONED IN THIS ARTICLE
Glacier Park
Mont
Glacier National Park
Rocky Mountain Country
Tadpole incident linked to schoolboy swallowing tadpole
In Finsbury Park England a 12 year old boy placed a tadpole in his mouth as safe keeping after a remark from a boyfriend, and Edwis swallowed the tadpole during the incident.
MENTIONED IN THIS ARTICLE
Finsbury Park
Eng
Bdwit Brand
Edwis
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