Oils and Railroad Stocks Rise Amid Dividend Talk
New York reports show oils and rail stocks advancing with dividend resumption by Erie cited. Pool operations resume amid selling. Baldwin hits high then retreats. General Motors and allied issues advance. Markets firm on prospect of dividends, with steel, chemical, and oil stocks lifting prices while wheat and cotton rise on weather and demand signals.
MENTIONED IN THIS ARTICLE
Erie
Delaware
Hudron
St. Louis
New York Central
Atchison
W Steel
Allied Chemical
American Sumatra
New York
Otis
Atlantic Refining
Pan-American Tasuies
Independent
Oil and Gas
Mid-Continent Petroleum
Toxac
Pacific Land Trust
Heavy Bond Market Activity Sees Mixed Movements
In New York and La, traders reported little change in the money market despite heavy fund turnover outside standard bond trades. Selective buying of railroad and industrial issues supported prices while convertible bonds advanced on favorable dividend outlooks. Notable gains appeared in Delaware and Hudson, New York State Water Service, and Detroit City Gas issues, with several issues priced and yields noted.
MENTIONED IN THIS ARTICLE
New York
Dee
Delaware Amt Hudson
Ontario
Maturiy Pam
Detroit City Gas
York State Water Service
Wheat Prices Edge Up After Opening Drop in Chicago
Grain prices show modest gains after early declines as Chicago Wheat stocks appear tight and shipments unlikely from other centers. Wheat closes firm with small net gains. corn and oats also rise, while provisions gain.
MENTIONED IN THIS ARTICLE
Chicago
Lead prices cut by ASR to 7.80 cents per pound
New York December 15 The American Smelting and Refining company today reduced the price of lead from 1.90 to 7.80 cents per pound.
MENTIONED IN THIS ARTICLE
New York
American Smelting and Refining Company
Business Approaches Closing of 1926 as Debits Rise
A review of November 1926 bank debits shows most states held gains over 1925, with Montana Oregon Oklahoma and New Mexico leading increases over five percent. Twelve states posted gains under five percent, sixteen had negligible declines, and fifteen showed more substantial drops, amid broader slower activity toward year end.
MENTIONED IN THIS ARTICLE
Myo
Montana
Oregon
Oklahoma
New Mexico
Stock Averages From The Associated Press
Stock market figures show mixed results with industrials at 147.55 and 147.84 on different readings, rails around 123.37 to 128.02, and bond market totals at roughly 313 million to 316 million in value. Ex-dividend noted at .80 with utilities and secondary rail averages reported, plus month and year comparisons for context.
New York Produce Prices and U S Treasury Balance
New York price notes show varied values for fresh gathered produce and storage goods with figures for peppers, potatoes, and cabbages. Washington reports the daily balance of the U S Treasury general fund at 373.99 million.
MENTIONED IN THIS ARTICLE
Washington
Des
U. S
Aistienae
Christmas dividends declared by multiple railroads and firms
New York December 15 AP reports directors of the Baltimore and Ohio railroad declared an extra 50 cent dividend on common stock in addition to the regular 1.50, plus 1 on preferred. Other firms followed with varied extra or back dividends. Pitts burgh and Lake Erie authorized 4 per share extra. Mahoning Containroid paid 12.60 common and 1.75 preferred. Acme Steel approved 5 percent stock dividend payable December 24. Shaffer Oil and Refining issued 7 initial common and 9.25 back preferred with quarterly 18.3 percent. Firestone Tire and Rubber declared 1 extra and 1.50 regular. other regular payments and re-elections noted.
MENTIONED IN THIS ARTICLE
New York
Keston Federal Reserve Bank
Baltimore and
Git Ba'lond
Baldwin
General Motors
Koryster, Tudson
Wilys Overland
Ss. Rubber
Simatunes Ons. A
Ff Aa Eteup
Esie
Etoh
Wied
Baltimore
Hig
Toay
Fleischman
Franklin Simon P
Ai Reduet
Reeport
Texas
Nat Dow
Ajax
Gabriel
Vicksburg
Alaska
Juneau
Chalmers
NY Central
Amerada Corps
Ad al
General Motori A
Bohs
Norink Souther
Comttich
Nf) Co
ARI Suo
Norwalk
Mosler
BOO Orpheum Cirewit
Otis Flevater
RAM
Owens
Pacific
North
Packard Momaut
Abe
Tenery
Gulf States
Paige Detroit
la France
Eng
Hartman Corp B
Pan Am Petroleum
Munch
Howe Scant Co
Yao Pathe Axch
Am Metal Co
Tadian Refining
Penn
Adam Snot
Inland
Agri Corp Une
Phoenix
Marine
Armour Co
Til Ta
Til
LING
Artloon Corp
Moetal Construction A
Intertyps Corp
Jordan Motor Car
Pullman Co
Durty Bakeries
Coant
Kelly Boring Tire Ny
AL Hoh
Adlo Co Af Am
Gulf Wi
RTI
RTM
Radio Corp P
John Kenneentt
Austin Nichols
Haitimora Ohio
Tambett Co Ant
Baltimore Ohio
Republic
Bangor
Rutland & Op
Tie Myers
Safety Cible Co
Bim
Bethlehem Steel
St Joseph
Beth Atcel
Tony South
Bloomingdale
Savage Arma
Taose Wits Blin
Brooklyn Edison
Deneca ' Bet
Tklyn-Stanh Tr
Boy
Bilyn Union Ges
Lovwav Nashy
Haunawick
Burne Bros
Mallinwn Co
Racreagh
Butte
Sticlake
Skelly
Sloss
Ina
Calif Packing
Manhattan
Southern
Cal
Maison
Cal Petroleum
Maracalba
Southern, Dairies
Callahan Zinc
Market St Ry
Southern Dairies
Calumet Arizona
Southern Dry
Market St
Ty Pr
Southern Ty
Canadn Pacific
May
Dept Stores
Morteg Co
BSG
Central Joy
Boh
McCrory
Central Leather
Central Leather Pit
Agon 200
Albiing
Celie
Central
BLM
Metro Golf
Baan Bay
Central RR of
RY Ltd
Century Rib Mills
Cerro de Fusco
ARG
Sterling
Stromberg
Ohio
Studebaker Co
Ava Rundelaker
Miller Rnicher
Faive Sun
Western P
Missouri Pactto
St Paul P
Mistonrt Pac
Symingten
Texan Co
Tong Corp
Texan Baeth
Chile
Stattinat Moto Meter & An Pe
Christie Brown
Texan
xiChryaler Corp
ST Ae Cluett Pei
Cola
Anne Aikman
Aikman
Asty Bsn
Union Paperanty Vite
Columbia Gas Elea
Univ
Cat Fair
Union Pac
Roy
Bony
al Consolidated Clear BO
U S
Continental Motors
Hubler Gat Aw
Cuba
Bugac
Vanatium Corp
Wentern
Edison
Detroit Edison
Davoo Reynolds
Amy
Nou Wadsgarth
Dedge Bros
Ward Nak
Dome Mines
Win Warner Proxie Abts
Warren
Kastan Kodak
Ivan Ai Weber Henro
Eaton Aate Nor
Eleentolie Brow
Aso
Wheeling
Wielortie Spon
Erle
Brie
Willya
Leon Wikow
Rik
Baltimore and Ohio Railroad
New York Central
Pittsburgh
Lake Erie
Acme Steel Company
Shaffer Oil and Refining Company
Standard Gas’ and Electric
Firestone Tire and Ruther Company
Goodyear Buys Australian Factory Site Near Sydney
Goodyear Tire and Rubber Company has purchased a 24 acre site near Sydney and will build a modern tire factory. Production is planned for December 1927 with capacity for 1006 tires and tubes daily.
MENTIONED IN THIS ARTICLE
Akron
Goodyear Tire and Rubber Company
Sydney
Australia
India Purchases Cotton in America for First Time in Years
New York Dec 15 AP report states India is buying American cotton for the first time in years as U.S. supply gluts Indian mills find it cheaper to purchase in the United States rather than import.
MENTIONED IN THIS ARTICLE
New York
India
United Stat
Foreign Exchange Quotations From New York Markets
In New York, foreign exchange firms posted bid and cable quotes in cents for major currencies. Britain pound at 4.8413 and 4.556? with various notes. Belgium and Germany rates listed. Denmark, Sweden, Switzerland, and Spain shown with multiple figures. additional quotes for Austria, Argentina, Portugal, and Montreal.
Metal Prices Report From New York Market Brief
AP dispatch notes mixed movement in metals with barely steady electrolytic copper at 69.37, zinc easing near spot 7.80, and lead around 7.80. Antimony at 13.00, tin and nearby bids unchanged, futures around 7.05 for West St. Louis. Eastern Pennsylvania zinc quoted at 22.50 with other metals steady.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
St Louis
Cotton futures close firm with modest gains
Cotton futures closed firm with small advances amid busy trading. Prices showed incremental strength in nearby contracts while other fibers remained steady, reflecting cautious buying and steady market sentiment.
Shipping News Arrivals and World Cruise Plans
Ships arriving include President Jefferson at Yokohama from Seattle on December 18 and Pinlaud at New York on December 16. San Pedro, Salled, Bergen and New York report December 15 sailings for a world cruise via Havana. President Harding docking in New York on December 16. Bremen listed among arrivals.
MENTIONED IN THIS ARTICLE
Jefferson
Yokohama
Seattle
Pinlaud
New York
San Pedro
Salled
Bergen
Havana
President Harding
Bremen
November U S exports rise to record level in 1926
Washington December 16 AP the Commerce department reported November exports from the United States valued at 431 million dollars the highest monthly total since October 1925 and a trade balance of 195 060 500 dollars for the month Imports were 376 million dollars slightly below October and November 1925 Exports in November 1926 rose by 33 million dollars versus November 1925.
MENTIONED IN THIS ARTICLE
Washington
United States
Commerce Department
Money rates slip as call money eases to 4 1/2
Money New York reports call money easier at 4 1/2 percent with high 6 and low 4 1/2. Ruling rate holds at 5. Time loans show 60 to 90 days at 4 to 8 and 4 to 6 months at 4 6 to 8. Prime mercantile paper sits at 4 1/4 to 4 1/2.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Bulls Encourage Again On Curb By Many OdEn Bulls
New York market activity shows confusion and reactionary moves with call money rates rising and a Christmas dividend mood. Strong earnings anticipation boosts bullish sentiment as leaders like Victor and Humble advance, while others retreat on mixed trading and mixed bond results amid firmer undertones.
MENTIONED IN THIS ARTICLE
ODEN
New York
Ofls
Lion
Humble
American Maracaibo and
Ps Victor
New Jime
Spitdorf
Bethlehem
Warner Pictures
Producta
Fox Theatres
Tral Alfuerre Sugar
Johnsville
Fle
Allied Packers
Goodyear
Nevada Copper
Warner
Northern Union of Products &S
Also Mentioned on This Page
Patton
Banat
Tata
Howe
Wolch Arares
Busses
Camenicca Associates
Bosrow
THE
Associated Press
Stock Market
Axcrares
N.Y
Long Island
Green Mountain
Maine
Dto
Treasury
America
Dee. Ib(ap
Britain
Pee
Nyiddlin
Shipping News
Liberty Bonds
U.S
Bankers Capital Company
St National
Bridgeport
Wall Street
Bh, Gunder E. J. Sturges
J. A. Kink
RJ. Randall
H. A. McKillop Dane
Eante Hereuan
John Knocht
A. F. Connor
Tell. Noble
State Banking Dept
Noble
New England Equity Corporation
State St
Bridgeport, Conn
Richfield Oil Company of
California
Mtge. & Coll
Richfield Oil Co
Noyes
Mcambers
New York Stock Exchange City Savings Ban
Brig
Bereum
Wala Mutua Enna
Barnum
Mutual System
Bank Street
Bours
Cantina
Fidelity Loan
Middle Street
Corter
Jeeny Barnuma
Leyre