Stock Market Turns Irregular as Money Rates Tighten
Stock market trading showed irregularity as money rates tightened on December 27. Major issues like American Rolling Mills Midland Products and Celanese moved higher while some preferreds hit new highs. Reuters reports strong activity in Salt Creek and Mountain Producers with uneven gains across sectors including industrial rayon and U S Freight.
MENTIONED IN THIS ARTICLE
Cot Gulf Cl
Penton
Justrial Rayon
Celanese Commons
Morgan Plans New Partner as Dwight T. Morrow Resigns
York Dec 27 By Associated Press Dwight W. Morrow will resign as partner of J P Morgan and Company to become ambassador to Mexico. The vacancy will be filled January 1 by Branley, head of the Guaranty Trust Company, taking a Morgan partnership with ties to Morgan houses in Philadelphia, London and Paris. Branley, Yale graduate, has led the Guaranty since 1921 and also serves as vice president of Guaranty Trust and other firms. Morgan partners listed include Thomas W. La Lloyd, Thomas Cochran, Junius Spencer Morgan Jr, George Whitnes, and Cornel Leming among others.
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New York
Ona
Bethlenem Steel Cor
Tobacco Products Company
Gaa and Electric Company
Northern Power Company
Yale
Greenwich
Branley
Guaranty
Guaranty Trust
Stanley
Great Barrington
Mass
B. F. Goodiien Company
Hem Steel Company
Columbiang. Morgan Partners
Thomas W. la- Lloyd
Thomas S. Thomas Cochran
Junius Spen- Morgen
George Whitnes
Rus- Cornel Leming
Francis I. B
Arthur M. Anderson
William
Shipping News Fragment Indicates Several Transatlantic Arrivals
Shipping notices list arrivals and movements of ships including Patria St Michaels and Woltaire with dates in December and December 25 27. Mentions ports New York Port Said Rio de Janeiro Plymouth and Bretaen with various origin points and ship names.
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Patria
St. Michaels
Frees
New York
Reas
Australia
Port Said
Enetican Bunker
Plymoun
Decemge
Cotton futures steady with modest gains on Dec 27
Cotton futures closed mildly higher with January at 19.62 to 19.63 and March at 19.70 to 19.73. May climbed to 19.84 to 19.66, July 19.75 to 19.78, and October 19.16 to 19.18 amid steady trading. Movements reflect ongoing market activity as year end figures show Chicago and Northwestern earnings and monthly totals contrasting with 1926 period results.
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New York
Sssoc
I Wteadly
Readjustment Trims Trading in New York Stock Market
Extensive readjustment of speculative accounts caused irregular price movement in New York trading. Call money rose to 5 12 percent as about 25 million dollars in loans were called, limiting speculative action. Volume fell to just over 2 million shares from last week's near 3 million. Rumors of executive changes at major firms unsettled traders while bear covering moderated losses. Steel and auto stocks showed mixed results with General Motors edging higher and Archer Daniels Midland hitting new peaks on dividend hopes.
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New York
Associated Press
Commission
Tsu
Ageas
the & Else
Steel
J. P. Morgan
Myron Taylor
Elbert H. Gers
James A. Perret
Steel Common
General Motors
Aome
Ustal
Chevrolet
Mack Trucks
Midland Steel Products
Collins & Aikman
Archer Daniels Midland
Archer Daniels
Abittbl Power
Brooklyn Edison
Certo Corporation
Davis Chemical
Otis Elevator
Pittsburgh Terminal Coal
U. S. Cast
Tron Pipe
Calnago Pneumatic Tool
Gimbet Bros
Montgomery-Ward
Parmn Atcan Tobacco
Grain prices rally as corn leads broad grain advance
Chicago grain prices firm after corn jumps on oversold signals and rumors that government figures overestimate yields. Wheat declines slightly as corn and oats influence prices. receipts and weather expectations shape limited North American wheat activity. Provisions edge mixed with late gains in some grains.
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Chicago
Associated Press
Kansas City
Oamba
Chris
Stock Averages Ad Market Verages
Market report notes stock averages and a list of prices presented in an unclear OCR style. It mentions total sales figures and various numerical entries such as 87.91 and 108.05, with references to rifles and trials and combined yearly data. The fragmentary text lacks clear entities or a coherent event.
Money York Market Summary Amid Mixed Crises
York money market report notes steady conditions with varied bid levels. Time loan quotes show 64.90 for 64 to 90 days and 41.40 for four to six months. Prime mercantile paper quoted at 33.44.
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York
All Mon Imer
Big Pie vi Raling Rite
Prime Mercantile
Rubber futures close steady as markets hold gains
The market reported steady closes for January at 41.80, March 41.80, and May 42.10 as the Rubber market steadies on December 27. In a separate note, funds in the United States ares fund stood around 1,407,053 00 with a brief update from Washington.
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Uby Asned
Washington
Studg Nt
United States
Lreaveners
Liberty Bond Prices and Treasury Notes Report
New York December 27 closing Liberty bonds and Treasury notes reported by Associated Press. Liberty 1 28 22 at 101.26. Do first 4 Inds 88 at 104.13. Do third 4 1 4s 58 at 190.23. Do four 4 1-45 ay at 103.30. Treasury 45 at 110.85. Treasury 3-83 at 1038 10.
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New York
Associate Press
Inneriier Liberty
Treasury
Foreign exchange quotations New York Dec 27 185
Foreign exchanges firm quotations in cents for Great Britain France Italy Germany Norway Sweden Denmark Switzerland and other markets. Rates include demand cables remand and bank bills with various figures across currencies and a Montreal reference.
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New York
Associated Press
Great Britain
France
Italy
New York Produce Prices and Receipts Report
Market report summary of December 27 detailing eggs and potatoes prices at New York, Long Island, Maine and Pacific coast markets. Includes receipts, storage status, varieties such as extra firsts and extras, with tables of egg classes and potato pricing benchmarks.
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Associated Press
Frais
Exuin Tancy
Stern Hennery
Pilots
Henshery Browne
Pacific Coast
Green Mountain
Maine
Bond Market Irregularity As Trading Falters In New York
In New York on December 27 trading in the bond market fell to a low ebb with fractional irregularity in prices. Money rates rose though time loans stayed steady, keeping large offerings scarce. A few mortgages led gains, notably Brooklyn Union Gas 61-28 and Liquid Carbonic 6s, while railways and public utilities drew little interest. Foreign bonds showed firmness with German and French issues best, and United States government securities maintained a steady undertone amid sparse overall activity.
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New York
Associated Press
Brooklyn
Unicon
Rail Way
New Haven
United States
Metals market roundup from copper to antimony
Copper quiet in electrolytic spot and futures. Tin steady with spot 58.25 and near term 68.00. Tin futures hold. Lead steady at New York 6.50 and East St. Louis 6.30. No. 2 Mississippi? No. 2 Buffalo 16.50 to 17.00 F O B. Antimony spot 10.75. Prices cited for Eastern Pennsylvania and Alabama as well.
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New York
Associated Press
Eastern Pennsylvania
F. O B
Buffalo
Alyubama
Lead Quiet
East St. Louis
AG&E declares stock dividend and cash dividend on Class A stock
Associated Gas and Electric Company announces a regular quarterly dividend on Class A stock of 500 per share to record holders as of January 10 1928 payable in cash on February 1 1928. An additional 25 cent per share dividend from surplus is payable in cash or scrip at $8 per share for fractional shares. Holders may reinvest the regular dividend to buy more Class A shares at $8 per share. Record date changed to January 10 1928.
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Wire Board of Directors
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