New Highs Across Markets As 1928 Forecasts Boost Optimism
New York stocks surged with volume over 2 million shares, industrials hitting fresh yearly peaks. Hudson Motor Car Company and several railroads posted strong earnings while Standard Oil California merger prospects and a steady low interest rate backdrop supported the rally. Banks held steady as investors priced in a temporary high rate amid ample reserves, with gains led by New York Central and several rail issues. Pacific Oil stocks surged to record highs, while margins held by motor and industrial issues showed renewed strength despite profit taking.
MENTIONED IN THIS ARTICLE
New York
Mack Pilers
Calfornia
Parie
Hudson Motor Car Company
Ada
Untertone
Pacific Gl
California
New York Central
Atchin
Chicago
Northwestern
Omaha
Delaware and Hudson
Triest
Reading
Southern Pacific
Texas and Pacific
Union Pacific
Armierican Smelting
Burns Brothers A and B
Devoe and Reynolds
Federal Mining and Smelting
General Cigar
Loose- Wiles Biscuit
National Enameling
National
Hudson
Demains
Stoner Chase Offers Up To $300 For Time Spent
A notice promises rewards up to 300 dollars for time spent chasing a stoner, stating repayment terms and payment only for the dual time involved.
Merger Stocks Draw Big Interest On Curb Market
New York December 28 The curb market saw strong speculative interest in two new merger stocks Electric Refrigeration Consolidated Laundries Corp and its companion. A block of 33 400 shares of the former traded at 978 4 for 4 001 825 the largest single curb market sale to date. Consolidated Laundries rose to 26 6 8 after a 2 600 share block at 264 8 versus a 22 price. Petroleum shares showed a brisk undertone with gains of 1 2 points for Standard Oils and others like North American Fugues. Lehigh Valley and coal stocks advanced amid anticipated anthracite mines restarts. Public utilities also posted gains with Cillette Safety Stater and Southeastern Power among leaders.
MENTIONED IN THIS ARTICLE
New York
Eectric
Consolidated Laundries Corporation
Kelvinator
Nizor
Grand Taplex Refrigerator Corporation
New Jersey
Standard Oils
Indiana
Kansas
Nebraska
Prairie Oil and Gas
New
International Petroleum
Gulf ON
Pennsylvania
Namfel
Carib
Leonard
Glen Alden
Lehigh Valley
Cillette Safety Stater
American
Traction
Southeastern Power and Light and
Hired Gas and Improvement
Slorka
Gladden Co
Gene Heu
Goodyear
Ady Faumley
Tom Aou Hs
Iether Paclic
Air Redurt
Ajax
Aia
Greene
Chalmers
Guantanamo
Tg Lavo
M&n Raa Guu
Ain Agri
D. Hua Guty
Sid Gaa
Itis
Aim Tank
Pyres Ae
Atret UB
Muling
Kwar
Flartman Corp
BO Bude
Amn Brown Doy el Corp
Dr & Co
Ue UK
OU & Gee
Touington
Symington
India
Vexaa
Gary
Inter Corpa
Ingereel
France
Inland Steel
Tecan
Twin City
Caderwood
Bnecar
Ain
Union of
Cok
Sumatra
Central Intertype Corp i
Totanil
Pohacro
Tehacco
USA
United Cig
St . Fe
aTly Yon United
Water Works
Thong United Ding
Wooten
Kansas & Gulfwy
Kayner & Ov
United Paper
Rayner & Co
United Ay Invest
Usciprf
United Ay
Kennerott
Archer Tianlela
Delon
Kroste Dept St
Hoffman
Rzon Armout Co
Lnelede Gas
Apou U
Armour Co
B. Bo
Lee Rubber Tire
U S Beatty
Aon Artloom Corp
Lehigh Valley Bay i
Son
Ruther F
U S
Asao
Hartge
Tggeta Myera
RG Ag
Associated Qi
Ronn Atchison
U Steel Corp
Loew
Ine Ag Br
Ron U & Bted
S Tobacco
Lortnara Co
Vanadium Corp
Atlas Tuck
Louisiana
Chen
Rattitore Ohio Mig
TAO Ranger Athonstock
Ranger Arann
Mullinsan Co
Manhattan
Rameday Corp
Wabash Ly
Bret Wabash
Maracaibo
Waldorf
Warner Br
Marlin Rockinett
Weber Tiel Ihr
Martin Pairy
Fred Don
Merery
Bonacy Aod Metro
West Air Brake
Asud
Miami
Biaino Weston
Middle Stalra
Wiel I
Wiens Bros c
Middin Slater U
Farle
Tonis
Willys
Miss Kan
Wilson
Farlic
Bn Ag
Bou Wilko
Woolworth
Mont Power
Genoa
Cal Petroleum
AONY
Wright Araaury i
Callohna
Moon Motors
Calumet Arizona
Rat Chase & Salt
Chandler
Chicago Alton
Chicago
Rao L
T. Wy
West P
Nationa
North West
GMI & Sn
Chile
Arfolk Wealer
Vinny
St Louis
Amer
Ao Bay
North Amer
Norwalk
Oppenhote Colbie Oy
Orin Steck
Ontter
Rottle Ag
Sony Ano
Paclin
Pacific Oil
Matarae
Crucifio Steel
Cuba
Phila Co
Hon Cushmans Sons
Boo Philp Morriy Coy Jones
Ian Boone
Philliva Petral
Sheen Ulery
de Beers Cans
Deere Co
Ara
Dade Brow
Leta 'Raya
Witte ‘Torral
Duluth HS
Leon Tpauman
Sat
Rth
Vox Film
HK Tate
Epl
Tego General Motors Oif
Aziive Coep
Son Fen Dutch
Wade
Nininrons Shell
Simi
Hay Dete
Minelaty
More Oil Combinations Reported Bonds Take Rise
York Dec 87 APD. Bond market ends year with firm prices and rising activity. Merger hopes on Pacific coast and mid continent push up oil related issues. Skelly Sinclair and Pan American bonds gain, Norfolk and Western sixes rise, Chesapeake and Ohio slips. Belding Heminway $20 million silk merger bonds offered at 99 3/4 by Bankers Trust syndicate.
MENTIONED IN THIS ARTICLE
En York
APD
Pacific Coast
Mid-Continent
Skelly
Sinclair
Pan-American Sixes
Severs
Norfolk and Western
Chesapeake and Ohio Ss
Atchison Feneral
Delaware and Hudson Te
Rentenbank
Belding Heminway
Belding Heminway Company
Bankers Trust Company
U S Consuming More Ores and Raw Materials
The United States shows a marked rise in exports and imports of raw materials for the present year, with raw materials forming about 70 percent of all imports, signaling improved economic conditions and future manufacturing capacity. The trend suggests Europe demand, a shift toward more finished manufactures in exports, and a build-up of industrial supplies for future production.
MENTIONED IN THIS ARTICLE
Es Peuied Oy
Europe
Pereyn Trade Council
Caporta
Los
United State
Unclear Money Market Note From New York
Fragmentary money market brief from New York reports strong or weak rates and trading activity. The garbled notes reference rates around six percent and a closing price, with multiple unreadable numbers and names, leaving the overall meaning uncertain.
Foreign exchange quotations in London and world markets
The Dec 28 foreign exchange report lists bid and cable rates for Britain and numerous currencies. It cites demand and cable figures for instruments and countries including Denmark Switzerland Spain Portugal Greece Poland Czecho Slovak Argentina Brazil Tokyo Shanghai and others, with varied price quotes and notes on certain rates.
MENTIONED IN THIS ARTICLE
York
Britain
Wiancer
Trigium
Carmany
Hoilsad
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czecho-Slovakia
Reaumanhi
Argentina
Brazil
Tokyo
Shanghai
Monfrew
Grain market wrap shows grains rally on open
Irregular trading today after a strong start sent futures to new highs in crops. Wheat rose 4 to 4 cents. corn slid about a cent. oats and oats ventures edged higher. Provisions rose roughly five cents. Prices listed for wheat corn rye oats and other grains with bids and asks noted for December May and July contracts.
MENTIONED IN THIS ARTICLE
UO Acu
Dee
Ghiin
Elise
M. Iy
Rye
Dri
Copper market report from New York Dec 26 Metal prices listed
The New York market shows quiet copper trading with spot and nearby prices quoted. Northern No 1 and No 2 electrolytics listed around 21.00 to 24.09 and 22.00 respectively. Antimony and other metals cited with fractional bids and steady futures activity at St Louis and related markets.
MENTIONED IN THIS ARTICLE
New York
Tron
Northern
Fay
St. Louis
St. Tanis
Treasury Balance Report Incomplete Statement
Treasury balance figures released from Washington on December 23 show a total of 379,072,991.70 dollars for state treasuries. The brief note provides no further context or breakdown of components.
MENTIONED IN THIS ARTICLE
Washington
Balnce
Herth
Also Mentioned on This Page
WHE McTlal System CO
Barnam
the Mutual System
Bank Street
Pemphill, Noyes &Co
Masabece
New York Stock Exchange
John Street
Bridgeport
Barnum
Work
Philadelphie
Boston
Pitt Wy Baumor
Jel
W. G. Jasper
Broan
Tel
Rex Fr
Tope
Florida
Guaranty & Trust Co
Bridgeport, Coun
J. Wade
DI Hawley
U. S
le Snows
Torat
Ares -Bosran
Der
Jans Neainet Aecep
Amers Ff
Jota Tieadyr
Prime Mercantile Papoc
Metal Market
Treasury Balance
Ohio Power CO Pfd
West Penn. Power CO. Pfd
Union Hardware CO
PFD
Erwin M. Jennings CO
Lexington Utilities CO
Utah Power & Light CO
COM. Electric Service CO
United Light & Power CO
Hincks Bros. & CO
Main Street
State Street
Sa A Bridgeport Trust Company
Investment Department
Noble
Hous Servier
Beneficial Loan Society
Liberty Ride
Malin St
The
North End Bank & Trust Co
Stockbollers of Record
Chas
Prior, JR
New England Equity Corp
State Bank Commutasiondr
Fidelity Loan Corp
Cor
John Bet
John
Pap
ApEe