Money Still High But Market Rallies
New York and Boston daily activity shows total shares traded in both cities with U S Steel and Daly West as leading issues. Despite high money rates and bear pressure, stocks closed with gains, call money leaping to 10 percent and lenders predicting higher charges, while the market steadied and advanced overall.
MENTIONED IN THIS ARTICLE
New York
Boston
U. S. Steel
Daly-West
Uplift in Markets and Prospects Amid Economic Optimism
The report notes favorable tones for the stock market with predictions of treaty ratification this week. Hoover trims European needs to 150 million from 35 billion, steel and copper demand rising, rail bills advancing, and a booming construction outlook. Banks expected to liquidate loans seasonally to ready for spring, signaling a possible bull market resumption in a month or two. Local market shows little net change.
MENTIONED IN THIS ARTICLE
Hoover
Europe
Sir George ‘Paish
Markets Hold Firm Amid Mixed Trading and Steel Outlook
Local market yesterday saw slight fractional changes as volumes stayed light and pools kept prices near recent highs. In housing and copper sectors optimism grows for a spring boom, while Consolidated Gas faces a potential earnings deficit despite a large asset base.
MENTIONED IN THIS ARTICLE
Carson Hill
Financial market view on price declines and securities
The writer argues that a drop in commodity prices is bullish for high grade securities but bearish for industrials due to shrinking inventories and profits. Railroads and utilities may benefit from cheaper operation costs and a plentiful credit supply, while overall prices may reprice rather than fall uniformly. The piece notes earthquakes’ rumored impact on oil stocks was denied by Mexican property officials.
MENTIONED IN THIS ARTICLE
Stock Exchange
United States Steel
Mexico
San Francisco
California
Mc Roberts to Quit National City Bank in New York
Samuel Mc Roberts senior vice president and executive manager of National City Bank resigns after stockholders meeting. He cites desire to rest after years of arduous work as the reason for retirement in New York.
MENTIONED IN THIS ARTICLE
New York
Samuel McRoberts
The
National City Bank
New York Stocks Mixed Amid Tepid Trading Session
Trading featured varied moves across industries with Am Express and Am Can pf among notable names. Tech and manufacturing issues showed modest gains while coal and mining issues dipped. several large caps held firm near prior closes as investors awaited clearer guidance on earnings.
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