Market Notes on NYSE Bond Trading Amid Railroads and Government Issues
Trading on the New York Stock Exchange centered on railroad bonds and government issues. Serbian bonds rose, while French and German reparations news weighed on some securities. U.S. government bonds were quiet, tax exempt issues moved, and rail and sugar stocks showed mixed results with several losses across categories. Total par value traded was 279,000.
MENTIONED IN THIS ARTICLE
Uss
United States
Katy
Norfolk & Southrn
Punta Alegre
Virginia-Carolina
American Telephone & Teleph
Curb Market Trades Slowed by Winkelman Failure
New York curb market activity featured heavy under the rule trades as Winkelman & Co faced receivership. After the news, bids fell in standard oils while Chicago Nipple locks showed strength. Overall, most prices drifted, with few notable gains in Cuba Corporation before a market close near yesterday’s levels.
MENTIONED IN THIS ARTICLE
New York
L. Winkelman & Co
Winkelman
Jones & Her
Inndard
Chicago
Cuba Corporation
Maracabo
Copper price moves with muted demand and firming early week
Buying support emerges as copper prices touch 14.75 cents delivered, suppliers largely cleared for month-end orders, with most producers seeking 15 cents delivered. Demand from consumers remains cautious though spot lots of 25 to 100 tons trade, export orders near 16.26 cents f.o.b. The market for lead zinc shows varied activity with July demand rising while prompt deliveries lose premium. Average May metal prices show copper around 15.44 cents NY, with London and other markets reflecting wider shifts.
MENTIONED IN THIS ARTICLE
New York
Engineering and Mining Journal-Press
Lea
American Smelting & Refining Co
Prime Western
St. Louis
London Standard
London
Ertees
Setere Sterling Exchange
St. Loui
Ejaer
Vsaee Teaer
China May Get Aid In Raising Big Loan
Plans to raise 18,004,000 dollars to cover overdue foreign obligations were discussed by the Advisory Council of the Far Western division of the Department of Commerce in New York. No definite action was taken at the meeting.
MENTIONED IN THIS ARTICLE
New York
Plana
Furay
Advisory Council
Far Western Division
Department of Commerce
Industrials and Sugars Fall as Rail Shares Rise
In New York trading, industrials and sugar stocks declined while rail shares advanced. Twenty industrials averaged 95.66 with a high of 105.38 and low 92.77. Twenty railroads averaged 88.31 with a net gain of .30, hitting a high of 90.08 and a low of 80.13.
Demands upon Accounts Increasing In Federal Reserve Institutions
Federal Reserve officials report weekly debits to individual accounts averaging near 10 billion dollars for three months, a level similar to prosperous 1915, with a peak of 13.051 billion in the week ending May 2. The pattern shows near-mathematical rises and declines, holidays reducing totals, notably Memorial Day.
MENTIONED IN THIS ARTICLE
Federal Reserve
Ralph F. Couch
Washington
Federal Reserve System
Federal Reserve Board
Mreasayn
State dairy markets show firm butter and milk prices
In New York dairy markets creamery butter advanced with 20 percent rises to about 4.14 per unit and creamery extras 45 percent to 4.05. Wisconsin whole milk quotes eased, specials up to 39 percent with average runs near 23 to 28.4. Nearby whites and brown varieties see mixed moves as markets level out across regions.
MENTIONED IN THIS ARTICLE
New York
Dury
Guiry
Wisconsin
Retail trade improves as weather steadys demand
Bradstreet reports a brighter week for retail and jobbing in light summer goods and crop reports. Demand rises for light wear, wash goods dresses and fancy shoes while weather favors purchases. Wholesale activity remains quiet and bank clearings reach 7,641,241.9,00
MENTIONED IN THIS ARTICLE
New York
Brad
German mark hits new low in foreign exchange market
June 8 report from New York shows the German mark creating a new bow record below 0.12, while France rejects the latest German reparations offer. Sterling slips to about 4.61 3/8, with continental rates easing slightly. Paris, Antwerp, Amsterdam and other centers show modest shifts while Berlin marks remain near the lower end.
MENTIONED IN THIS ARTICLE
New York
France
Paris
Antwerp
Amsterdam
Wheat prices fall as German settlement hopes waver
Chicago wheat tumbled with bears in control amid uncertain German French talks while Oklahoma harvest weather favored yields. July wheat finished down to 110 1 4 cents, with other months lower. corn mixed, oats pressured by a faulty crop forecast, and provisions weak as hog values softened. Trade shifted after Washington crop estimates proved bullish but came after the session.
MENTIONED IN THIS ARTICLE
Chicago
Germany
France
Oklahoma
Bears
Washington
German gold marks arrive. steamship Resolute docks in New York
The steam ship Resolute delivered 27,000,000 German marks to New York. The money was destined for the international acceptance money and the reparation account. Bankers quoted steady bid at 4 3-4, low 4, with closing bid 4 3-4. Belgium notes and Belgian colonies faced similar acceptance calls, while temporary loans were offered at 4.
MENTIONED IN THIS ARTICLE
New York
Resolute
Ioan
Belgium
Metal Market News From New York and Hust Street
Market notes from New York show Cowper quiet with electrolytic tin futures around 42.18 and spot 42.37. Tren and lead hold steady with minor price stability. Zinc in Hust Street region reports spot near 6.75 with nearby 6.23, while anti material trades at 6.75.
MENTIONED IN THIS ARTICLE
New York
St. Louis
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Allied Glen Bi
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Ches & Chic
Chi & Alten Vere Bmg
Chi & Alton P
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Welshmar’ Co
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Phiiz Co
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Fairfield
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Connecticut
Bridgeport and
Fairfield, Conn
Liberty St
Tigneer
Ing
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Noble
Hincks Bros. & CO
Connecticut Trust Fund Securities
Main St