Correction of Top Heavy Position Drives Stocks Down
NY April 28 reactionary price tendencies marked the day as stocks drifted lower despite attempts to rally. Trading volume surpassed 2.6 million shares with numerous issues recovering from lows. The market faced top heavy spreads, unfavorability in trade, and reports of sluggish conditions, while Bethlehem Steel posted earnings of 2.18 a share though dividends remain omitted.
MENTIONED IN THIS ARTICLE
New York
Pointe Weir Auile
Maverite
Wheat Gains as Spring Acreage Seen Down
Chicago wheat prices edged higher in early trading as talk of reduced spring wheat acreage and late-season delays influenced sentiment. May futures rose to 1.44 to 1 8, with July and Sept showing gains. corn and oats eased or held near the day’s start while provisions moved irregularly.
MENTIONED IN THIS ARTICLE
Chicago
Clearing House Report From New York on April 28
Clearing house figures show exchanges of 989 million dollars with balances of 38 million. The reserve bank credit balance stands at 94 million dollars, reflecting interbank settlement activity for the day.
MENTIONED IN THIS ARTICLE
New York
Clearing House
Exchanges
Podemul Reserve Bank
Building Activity Signals Improvement This Year
A Straus organized survey of contracts and permits shows building activity improving in 1926 across New York California Pennsylvania Michigan Ohio New Jersey Massachusetts Texas Indiana Wisconsin Connecticut and other states. The report notes contracts reflect work ready to commence while permits indicate authorization and that the industry, slow earlier, may perform better than anticipated in January.
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Straus
New York
Unis
California
Pennsylvania
Michigan
Ohio
New Jersey
Massachusetts
Texas
Indiana
Wisconsin
Connecticut
Duran Maceh
Ff. W. Dodge
Cork
New Kineland
Middle Wi
Strauss
Matt Sian
Whia
Vermont
Prices on curb lose ground in profit taking
New York April 28 CAP prices on the curb market fell amid profit taking and a top heavy market. Early advances faded in heavy afternoon trading as large volume offerings pushed total sales beyond 400000 shares. Several oil stocks hit year lows while Solar Heating and Things Pipeline advanced. Bond sales were heavy with prices inclined to heaviness.
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New York
Naak
Creole Syndicate
Standard of Indiana
Vacuum
Prairie
Solar
Tings
Oplinium
Dunhill International
Central Agurre Sugar
New Jersey Zinc
Celotex Company
Goodyear Tire
Safeway
Dominion Stores
Mandell Brothers
American Light and Traction
Cities Service
Spire Power
Bank and Insurance Stock Quotations Bank and Insurance Stock Quotations
Bankers Capital furnishes stock quotations for banks and insurance companies. The page lists figures for several institutions, highlighting price movements, volumes, and percentage changes as of the latest trading session. Includes names, ticker symbols, and market sectors in concise entries.
Profit-Taking Causes Wide Recessions in Bond Prices
New York April 28 AP profit-taking amid unsettled stock market conditions drove broad declines in the bond market. Railway and Industrial issues led losses of 1 to nearly 6 points with total sales near 15.0 million dollars. Convertible bonds traded heavily with Fria D 49 down over 4 points to 102 3 4, Delaware and Hudson 58 1 up just over 2 points but receded toward close.
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Stevls and
Moytors
New York
Bethlehem Steal Corporation
Conilian
General Asphalt
Allie@ = Chemical
American Eet Sugar
DuPont Jeneril Motors
Lima Loromotive
Mathieson Alkall
U. S
Btill
Bangor
Aroostock
Missouri Pacific
Delaware and
Hudson
Atchison
New York Central
Chesapeake
Omo
May
Delaware and Hudson
Granby
Dodge
Barnadall
Shipping Arrivals and Departures Reported
Shipping arrivals include Stravangertjord at Bergen from New York on April 28 and De Grasse sailing to New York from Anvre on April 27. Westphalia and Dentachlang list Hamburg and New York passages on April 27 and 24, with President Hayes at Alexandria and New York on April 47 and 28.
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Stravangertjord
Bergen
New York
President Hayes
Alexandria
de Grasse
Anvre
Westphalia
Hamburg
Dentachlang
Money and Ledger Notes from New York and Washington
Money market report from New York shows steady call money with closing bids while time loans vary by maturity. In Washington a daily balance sheet lists general balance at 253,848,280.74 dollars with ongoing credit conditions.
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New York
Washington
Lead price cut at New York plant lowers to 6.95 cents
A April 28 report from New York states American Smelting and Refining Company announced a price reduction for lead, lowering the rate to 6.95 cents per pound from the previous level. The move affects market buyers and smelter operations nationwide.
MENTIONED IN THIS ARTICLE
New York
aApril
American Smelting and Ing Company
Rubber New York Picks Easy May Futures 40 30
Rubber market report from New York shows May futures at 40.30 for easy rubber. July and September contracts hover around 41F, with initial activity signaling steady appetite among traders.
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New York
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MH. Gunoer Ej, Stunare J. Uw, Krew R. J. Randall
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Comparative Quotation Bulletin
New York Bank, Trust and Insurance
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