Market Gains Amid Irregular Tone Driven by Oil Prices
Stock market activity showed an upward trend with stronger prices amid easing credit and higher oil and metal quotations. Rail activity revived ahead of April earnings, led by Atchison and Chicago and Northwestern, while Nash Motors and Mack Trucks surged on demand and delivery optimism.
MENTIONED IN THIS ARTICLE
Rock Island
Great Northern
Missouri Pacific
Pacific
Nash Motors
Mack Trucks
Pierce Arrow
Maxwell
Packard Common
Willis-Overland Preferred
Bovine
California Petroleum
Marland, Texas Company
Union Ol
California
Sinclair Preferred
Atlantic Refining
Pacific Oil Division
International Paper Company
Market climbs after favorable court ruling boosts patent tied stock
Simmon s Company rose over two points to 42 percent after news of a positive court decision on patents for electrically welded tubes used in steel bed production. Other leading names in the year’s top movers include May Department Stores Mathieson Alkali Brooklyn Edison Robert Reis National Distillers New York Canners Consolidated Gas Detroit Edison Brooklyn Gas American Tobacco and United States Industrial Alcohol.
MENTIONED IN THIS ARTICLE
Simmons Company
May Department Stores
Mathieson Alkali
Brooklyn Edison
Robert Reis
National Distillers Products
New York Canners
Consolidated Gas
Detroit Edison
Brooklyn Gas
American Tobacco
United States Industrial Alcohol
Bond market steady with gains in rail and oil issues
Speculative interest remained undiminished in New York bond trading with prices hitting new highs in warzone railroad public utility and oil bonds. Gains were narrow as traders eyed potential splits and mergers involving Cleveland rail magnates and Nickel Plate. Western carriers like Chicago and Northwestern Frisco and Iowa Central drew buying interest while income issues and Van Sweringen bonds showed strength ahead of next week’s Interstate Commerce Commission proceedings.
MENTIONED IN THIS ARTICLE
New York
Chicago
Terre Haute
Southeastern
St. Paul
Chesa
Ohio
van Sweringen
Cleveland
Interstate Commerce Commission
Northwestern
Frisco
International Great Northern
Chicago Great Western
Iowa Central
Merger Moves Favor Utilities. Norway Loan Report Discredited
Central's 68 and Bic Four 5s D were heavy OK company obligations continued responsive to the recent series of favorable developments in the industry, with Skelly Pan American and Sinclair issues capturing popular favor. Favorable merger and carnines reports supplied the basis for the onward movement of the public utilities. Cabled reports that Norway was negotiating for a $75000000 loan were discredited by local bankers who expressed the belief that the government would wait until next fall to refund an outstanding elect ver cent bond issue.
MENTIONED IN THIS ARTICLE
OK Company
Skelly
Pan-American
Sinclair
Carnines
Norway
Livestock prices in Chicago deliveries and house receipts
Chicago May 22 livestock market reports show cattle receipts around 3 000 with fed steers mostly 8 50 to 9 50, several loads 1 086 to 1 242 pounds at 10 10 to 10 85, light mediums up to 10 60, top light steers near 10 75 and cows 5 00 to 7 00 with broad demand 6 00 to 7 25. House receipts 16 000 opened 260 to 40 higher, but finished slow. butchers averaged 12 60 to 12 80, top 12 90, packs sows 11 00 to 11 40, slaughter pigs 12 00 to 12 50, holdover estimated.
MENTIONED IN THIS ARTICLE
Chicago
Sheep and Lamb Market Report Steady Demand Across Grades
Sheep receipts total 7 000 with fat lambs steady. Best spring lambs around 15 50 with moderate lots at 15 25. Feeders steady near 15 60. Good light wooled lambs 14 76 and 80 to 84 pound clippers 13.00 to 12 50, heavies down to 11.00. Medium and late heavies 16 to 25 cents lower. Fat sheep steady with native ewes 7 25 to 7 75 and Californias 7 50.
MENTIONED IN THIS ARTICLE
California
Sugar Market Steady as Spot Holds at New York
In New York on May 22 the raw sugar market stayed steady with spot at 4.30 and later shipment to 4.43. Sales included 19,000 bags for end May shipment at 4.2 percent and 7,600 bags of Philippines May and June shipments at 4.43. Futures showed little movement with a one to two point range and final prices a point lower to two net higher, while refined sugar remained 5.50 to 5.70 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Philippines
Refiners Hold At Higher Bid As Old Orders Wait
Refiners continued to take business at 6.60 while old orders produced withdrawals. New business remained limited and refined futures showed nominal activity.
Dairy market receipts and prices in New York May 22
The Butter firm reports receipts of 4 066 pounds with current make. No 2 stocks at 26 27c. Exams firm shows receipts 29 999 with fresh gathered firsts at 31 34c and seconds at 30 31i c. Pacific Coast whites, extra firsts at 38 40c. Cheese firm receipts 91 731 pounds, state whole milk flats fresh fancy 214 220. Do average run 20 2c.
MENTIONED IN THIS ARTICLE
New York
Pacific Coast
Dry Goods News From New York May 22
Cotton goods were steady yet quiet in unfinished cloth. Weekly sales across sheetings print cloths and other fabrics reached 200 000 pieces. Raven mixtures showed strong demand, notably in…
MENTIONED IN THIS ARTICLE
New York
Wool and silk markets hold steady demand this season
Raw silk and wool markets show steady to firm activity. Silk goods meet steady fall and summer demand while wool markets report stable prices with light demand. Burlaws show firmer prices and the week’s sales mark the strongest in a month. Wool goods remain quiet and stable.
Wool Boston Market Shows Improvement in Tone
The May 22 wool market report notes slightly better demand and inquiries from manufacturers. Offers and sales occur as lightweight season prep rises. A large amount of territory fine wool of French combing length sells around 1.00 to 1.22 clean. strong price resistance persists. Sixty percent of Congress members are lawyers.
MENTIONED IN THIS ARTICLE
Boston
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New York Federal Reserve Bank
Mercantile Reviews
Dun
Atchison, Chicago
Teeewe
sToc New
Allied
American American Car and Foundry
American
American Sugar
American Tel
Cove
BOA
Baltimore
Bethlehem Steel
California Petrole
Canadian Pacific Central Leather
Cerro de Pasco
Chandler Motors
Chesapeake and Ohio
Zecius
Tobeage Hile Hosea
Colorado c Consolidated of Corn Products
Davison Chemical Tu
Maxwell Motora
Mexican Seaboard
Missouri
Kansas
Tenoc
Arenes
National
al Miesu Nations
New York Central
Norfolk
Pan
America Petroleum Vania Pennsylvania
Phila
Bure Ei Petroleur Pure
Republis
Roleum
Eres
Ween
Mercer Coun
Paws
T. J. Ashworth
Bluefield, Va
First National Bank
Bluefield
East Wees Meres
York
Hagere
Ans
Roanoke
Shelan Busleston
W. Va
Cincinnati
Columbus
Portamouth
O. A
Gary
Welch
Virginia
Bluefield Trust Co
Citizens Underwriters Agency
Ray Evans
Peery Bldg
Call 291
Inva Boars
Hank
Cookxieaes
Hank Boynton
Stanley
Lucretias Old Black Hen
Hanks
Central
Bland Street
Best Buy
Bland St
Federal Street
Bland
Commercial Bank
Bluefield National Bank
THE
Bluefield National
Bluverie.tp.w.va
Congress
Bluefield, W. Va
Consultus
Community Loan Company
W. C. Neikirk
Secy & Treas
Isaac T. Mann
James Elwood Jones
Thomas F. Farrel
A. J. McBride
H. R. Hawthorne
C. N. Alexander
Pocahontas Fuel Company
Pocahontas
Tidewater
Great Lakes
United States
Pocamontas
Pohontas Fuel Company Incorporated
Coun
Pocahontas Fuel Company, Incorporated
Atlantic Coast
Lambert's Point
Sewell's Point
Newport News
Sandusky
Toledo
Imagen Agis, Moxey, Savyon Co, Ltd
Street Square
London
E. C
England
Italy
Henry Coe & Clerici
Piazza
Matteo
Gerova
Pocahontas Fuel Co., Inc
Broadway
N. Y
Watkins
Scott
Western Union and
Lieber’s
Bloser
Ray
Missus Ae Godseys
Jay
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