Grain Markets Report Rumored Values and Varieties
Wheat prices for various grades show No 2 red around 1.294 dollars and No 3 red near 1.3034 dollars. No 2 hard Winter bids about 1.2914 dollars with occasional percentages noted.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 05, 1915
Page
12
Wheat prices for various grades show No 2 red around 1.294 dollars and No 3 red near 1.3034 dollars. No 2 hard Winter bids about 1.2914 dollars with occasional percentages noted.
Markets show strength as steel stocks lead in New York and Ar cadiana feature with Boston Boston and Maine at a new low. Atlantic Gulf preferred falls 412 points while Steam Pump preferred loses 7 points and a Texas company gains 4 points.
Yesterday’s market totals show New York sales 127 300 shares and Boston 14 564 shares with steel leading in New York at 18 200 and New Arcadian in Boston at 2840. Year to date and year-ago comparisons appear for New York and Boston with gain and loss figures across lists and specific issues.
New York market reports a cautious but firmer day with London reopening and peace rumors denied. Argentine loan of 15 million dollars floated by bankers boosts activity. three year New York city notes hit a fresh high. Wheat marks a new peak as Western rail and mills show signs of resuming operations and improving business, while earnings reports reveal varied railroad results.
Investors in New England examine the impact of the recent dividend reduction by Louisville and Nashville and its parent Atlantic Coast Line. A special article will appear in tomorrow's Post analyzing the outlook for these two railroads and their securities.
Boston market notes a recovery in New Arcadian with stock rising to 7 a share amid production prospects. United Fruit advances, while Boston & Maine slips to a new low at 30 flat on thin trading. Massachusetts Electric and Boston Elevated also show December declines.
An advance of 312 cents for May wheat, to $1.8484, sets a new record as millers warn prices may rise further. The gain boosts flour costs and reflects tight money markets, shipping changes, and strong demand in the United States.
Waltham sells 60 000 of 4 per cent building bonds to Estabrook at 101.08 and 34 300 of miscellaneous loans to R L Day Co at 100.01 to 100.098. Wellesley calls for bids on 5000 of 4 per cent water bonds. Winnipeg Electric Railway issues 6 per cent notes. Brockton seeks 20 000 temporary loan. New Bedford awards 500 000 loan at 3.73 per cent.
A compact read of the day’s trading notes showing mixed activity in stocks and bonds in Boston. References to commodity prices and several company listings hint at a busy market with varied performance.
The Boston Federal Reserve Bank moves to 53 State Street from 101 Milk Street. Louisville & Nashville reports November gross 4 050 145 net 660 090 five months gross 9 707 856 net 4 598 286. Treasurer Sturgis cites Savings Bank gains to 17 500 000 in the year. Edward M Hamlin and J W Turner form E M Hamlin Co at 50 Congress Street to handle high grade investment securities.
The Turkish Chamber of Deputies passed a bill authorizing the government to obtain a loan of 26000000 dollars at six percent interest.
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