Rail stocks surge to new year highs amid heavy liquidation
Heavy liquidation of industrial shares fuels a rail stock rally as twenty leading railroad issues hit fresh highs. Rock Island and Southern Pacific lead the surge with merger rumors and broad gains across Atchison, Chesapeake, New York Central, and Norfolk and Western.
MENTIONED IN THIS ARTICLE
Norfolk and Western
New York
Commission House
Pacl
Rock Island
Southern Pacific
Southern
Pennsylvania Advanced & Point
Atchison
Baltimore and Ohio
Chesapeake and Ohio
Chicago
Nortwestern
Erie
Great Northern Red
Kansas City Southern
New Haven
New York Central
Northern Pacific
Pere Marquette
Chrysler
U. S
Ash Coal and Ritter Lumber Co Involved in Insurance Case
A local insurance matter mentions Bhavi Shenandoah Life Insurance tied to Ritter Lumber Co and Ash Coal in a news brief. Officials indicate ongoing scrutiny and potential policy implications affecting these entities and regional commerce.
MENTIONED IN THIS ARTICLE
Shenandoah Life Insur
Ritter Lumber Co
Ash Coal
Bond Market Trends Tally Rail, Utilities in Mixed Trade
New York stocks shifted as rail bonds and utilities showed varied moves. Major names such as American Can, American Sugar, Coca Cola, and du Pont moved amid broad activity. gains in certain industries contrasted by declines in others, with overall market directions reflecting mixed sentiment.
Ahern Withdrawals On Old Contracts At Set Rates
Ahern withdrawals on old contracts at five to five and a half dollars for fine granulated material. The article notes price adjustments and supplier terms affecting retroactive agreements.
Rail stocks push prices to new highs in active trading
Prices rise sharply in today's active session as carrier stocks gain momentum led by Chesapeake and Ohio convertibles. Rail equities climb above 145 to set a new high while industrial liens stay quiet. French bonds steady after new finance minister named. Ohio Power Company to offer 5.5 million in first and refunding mortgages bonds tomorrow.
MENTIONED IN THIS ARTICLE
Chesapeake and Ohio
Olla
Ohio Power Company
American Gas and Piectric Company
Foreign exchange rates steady in New York market
Foreign exchanges were steady with quotes across major currencies. Britain at 4.84 4 3 4, cables 4.85, 60 day bills 4.90. France 3.67 demand, 4.67 cables, Italy 4.05 demand, 4.03 cables. Brazil 14.30, Argentina 41.46, Japan 43, Shanghai 99 31/32.
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New York
Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho- Slovakia
Jugoslavia
Austria
Rumania
Argentina
Brasil
Tokio
Shanghai
Montreal
Call Money Market Report December 16 New York
Call money easier with high 65, low 4 percent, ruling rate 5 percent. Closing bid 4 percent, offered at 4 percent, last loan 4 percent, call acceptances 4 percent. Time mixed collateral 60 to 90 days, 4 to 6 months 4 percent. Prime mercantile paper 4 percent.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Government Bonds News Roundup
New York December 16 United States bond market closes with Liberty 3 percent at 99.26 and various issue levels including second 4s at 100, first 4 percent at 301.25 and fourth 4 percent at 101.50, Treasury 4 1/2 percent at 102.39.
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New York
United States
Liberty
Treasury
Livestock market prices drift after mixed receipts
Chicago cattle receipts reach 15 000 with weighty fed steers firm to higher but trading slow. Top fat steers fetch 13 25 with loads, hog prices uneven before narrowing to 10 75 11 00 for 200 300 pounders, lambs steady at 15 75 16 00 with several checks to 16 25. Sheep receipts 11 000 show best fat lambs steady, ewes around 8 50, feeders near 16 50.
MENTIONED IN THIS ARTICLE
Chicago
Grain market jitters drive wheat prices up in Chicago
In an excited Chicago market today wheat prices moved sharply upward over a wide range. Traders reported brisk demand from exporters and mills as quotes climbed, with futures showing notable gains and unsettled activity across the grain pit.
MENTIONED IN THIS ARTICLE
Chicago
Market Brief: Wheat Rises on Argentine Crop Hopes
Closing strong after a sharp early drop, the market swung on a crop report from the Argentine government perceived as optimistic versus official figures. Wheat firmed with up to 7 percent intraday gains. December futures at 1.75 to 1.875, May at 1.70 to 1.70%, corn and oats little changed with fractional moves. provisions mixed with declines to gains.
Dry Goods Prices in New York for Fall 1926 Announced
Large southern lines of solid color and bleached flannels for fall 1926 open ed for the season two cents a yard below the prices of a year ago. Print cloths, sheetings, and convertibles quiet with prices irregular and a shade lower. Raw silk lower abroad and steady here. Foreign wool markets vary. Local trade in men's wear quiet, Jute was £ 1 lower. Burle quiet and irregular. Flax was tight in larger quantities abroad, prices a shade higher. Linen goods moved moderately.
MENTIONED IN THIS ARTICLE
New York
Butter market steady amid lighter receipts in Chicago
Butter appeared steady across grades in Chicago on December 16 as receipts dwindled and dealer stocks fell. Traders sometimes paid premiums for top scores while centralized markets showed light offerings and limited storage trade with 90 score and 45 percent central pricing noted.
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Chicago
Poultry market report from New York December edition
Live poultry remains steady with broilers by express 36 38c, freight 27 20c, geese by freight 20 22c. Dressed poultry firm with fresh chickens 26 42c, frozen 26 48c. turkeys fresh western spring 43 63c, southern 44 56c, southwestern 43 65c. cold roosters 16 ½c.
MENTIONED IN THIS ARTICLE
New York
Express
Goene
Raw sugar futures ease as prices hold on duty paid market
New York, Dec 16. Raw sugar firm reports no sales and unchanged prices at 4.15 duty paid. Futures drift lower with December at 2.34 and January 2.36. March 2.41, May 2.54, and July 2.64. Refined sugar business is mostly quiet.
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New York
Lion Oil completes three wells in Smackover field
Wall Street brief notes Lion Oil Refining Company finished three new wells in the second sand of the Smackover field, with production from 300 to 1000 barrels daily. Life Savers, Inc. stock offering oversubscribed. White Rock Mineral Springs declares extra dividends. GM car and truck sales to dealers total 60,371 in November, down from October and the year-ago month.
MENTIONED IN THIS ARTICLE
Lion Oil Refining Company
Smackover
White Rock Mineral Springs Company
General Motors
Lions Club Raises Big Sum For Community Christmas Tree Fund
Lions Club collected a substantial donation from each member to support Bluefield Virginia’s Community Christmas Tree Fund. Speakers T O J Wilson Col A L Moody Rev Victor Carrell outlined organization, cooperation, and the four units of civilization. Roy Scott American Legion quartet entertained while Hobbie Snead noted club debt from buying shoes for needy boys.
MENTIONED IN THIS ARTICLE
Lions Club
T. O'J. Wilson
A. L. Moody
Mr. Moody
Victor Carrell
Baptist Church
Bluefield
Roy Scott Post
The
American Legion
Hobbie Snead
Boys’ Work
Williamson gateway to the trillion dollar coal field
Williamson, termed the gateway to a vast coal field, is urged as the place to invest in real estate while money remains plentiful. The Wall Street Office, led by Edw. Br. Jubling and Wm. F. Toney, touts opportunities and warns buyers they may miss chances if funds are scarce.
MENTIONED IN THIS ARTICLE
Williamson
Tillion Dollar
Wall Street
BR. Jubling
Wm. F. Toney
Club Donates to Welfare Fund and Names Playful Prizes
The club voted to donate 15 dollars from the welfare fund to a worthy cause. Next week three fruit cakes will be auctioned at the club with awards for the laziest Lion, the biggest liar, and the most valuable man. John Thompson of Bluefield College visited yesterday.
MENTIONED IN THIS ARTICLE
John Thompson
Bluefield College
Grain price listings from Toledo seed marker
SEED Toledo December 16 lists Wheat Cash at 1861.87 dollars, Clover Domestic cash 18.75, December and January 14.65 asked, February 14.60, March 14.65. Alsike December 16.90, March 16.25. Timothy cash and December 5.50, March 3.65.
MENTIONED IN THIS ARTICLE
Toledo
Timothy
Responsibility resting on American exporters
New York December 16. T W O Connor head of the US shipping board told a luncheon of the American Manufacturers Export Association that the unprofitable operation of an American merchant marine by the government rested largely upon American exporters. He cited 1925 figures showing modest US steel shipments from New York to South Africa and similarly small volumes in the year.
MENTIONED IN THIS ARTICLE
New York
T. W. O'Connor
United States Shipping Board
American Manufacturers Export Association
South Africa
United States Steel Corporation
Foreign Vessels Transport 6000 Ton Product to South Africa
Ships from New York City carried over 6,000 tons of the same product to South African ports, highlighting a notable cargo volume in the transatlantic trade.
MENTIONED IN THIS ARTICLE
New York City
Economic world condition improves with higher US trade
New York December 16 The National Trade Council cites higher American exports and imports of raw materials as evidence of improving world and European economies. In ten months US raw material exports reach 1 089 billion with over 16 percent rise from last year. Exports this year may top 1 500 million, mostly shipping to Europe.
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New York
Europe
National Clan Trade Council
United States
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Auerages
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Otis Elevator
United Railways Investment Preferred
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