World of Finance Stocks Rally on Private Wires
New York traders reported a broad market advance led by Bethlehem Steel and steel issues with major rails and copper producers gaining. Noon recessions trimmed profits but overall gains held as bond prices stayed firm and traders noted renewed bullish momentum despite some bearish pressure.
MENTIONED IN THIS ARTICLE
Bethlehem Steel
Lackawanna Steel
Crucible Steel
Republican Iron
Central Leather
Steel
Stock market opens higher on rally driven by international news
Opening on December 22 shows stocks rising three to ten points from yesterday's close. United States Steel attracts focus, opening with large blocks traded near 104. The day centers on optimism about international affairs and the market’s broad rally amid improved outlook.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Phares &T
Gold Stock and Money Supply Update
Secretary McAdoo notes the US holds its largest ever gold stock with 2.741 billion in gold including coin and bullion on Dec 1. Total money in circulation rises to 4.804 billion, per capita at 41.73 dollars, while Fed system mobilizes about one fourth of national gold through its banks. Farmer Want Ads remark on wages and prices as New York workers strike and food speculators cut prices in response to boycott talk.
MENTIONED IN THIS ARTICLE
McAdoo
United States
Treasury
Federal Reserve System
Federal Reserve
Bradstreet
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