Bargain Hunters Aid Bond Market Mixed Movements Prompt Wheat Rally
Bargain hunters appear as stocks dip, lifting bonds at lower levels and spurring a wheat rally. Foreign government issues gain. Virginia Carolina Chemical bonds rally on denial of rumors about the company. Total rates near 13,197,000 and several industrials slip while others gain.
MENTIONED IN THIS ARTICLE
York
Lia
Lyons
New York Wext Theater
Third Avenue
Virginia Carolina Chemical Company
Warxanta
Maryland Oil
Cerro de Pasco
Wheat climbs on thin supplies and export hopes
Wheat prices rose sharply as estimates show 4 million bushels of future deliveries bought for seaboard accounts. September and December futures posted net gains while corn and oats dipped or firmed modestly. Market strength stemmed from commission house buying, foreign hesitance, and hopes for a Franco German settlement, with profit taking cooling midday highs.
MENTIONED IN THIS ARTICLE
Chicago
Seaboard
Liverpool
France
Germany
New York
Dairy prices adjust as New York market shows quiet demand
On June 28 in New York dairy markets Butter Creamery items rose to 42 with extras at 39 to 41 and 40 for firsts. Fresh state dairy products fell from 44 to 30 while overall market remained weak. Eggs held high grade firms supported by smaller supplies with nearby whites rising to 42 and browns to 88.
MENTIONED IN THIS ARTICLE
New York
Mi Creamery
State Board of Agriculture
Hadeon River
Georgia
Kennery
Gran
Foreign exchange records hit new low in New York market
In New York on June 28 the foreign exchange market saw a new low this year as demand taxpayers reached 450 1 8 off the I 82 vette. Major rates showed limited declines with French francs about 6.12 cents and marks around .000T. Sterling at 4.8805, while many currencies posted modest retreats.
MENTIONED IN THIS ARTICLE
New York
France
Belgium
Switzerland
Sweden
Norway
Denmark
Greece
Spain
Holland
Russia
Austria
Poland
Hungary
Finland
Realty records quit claim and mortgage deeds listing transfers
Real estate transactions include quit claim deeds from William D Reach to Patrick J Crowe and from People’s Savings Bank to Antoinette G Weidlich. ties to The Tie Guaranty and Trust Co and Isabelle T Sanford Realty and others. Mortgage deeds show Pasquale Piluso and Mary Piluso to The Guaranty Title and Trust Co for $2,000, Andrew Baby and Annie Baby to Philip J Holzer for $700, Morris Tobias to Samuel Kaiz for $1,200.
MENTIONED IN THIS ARTICLE
William D. Reach
Patrick J Crowe
Park Avenue
People's Savings Bank
Antonette G Weidlich
North Avenue
Tie Guaranty and Trust ,Company
Isabelle T. Sanford
New York Reserve Bank Statement of June 27
The Federal Reserve Bank of New York reports at close of business June 27 total gold reserves 1 056 684 150 02 dollars and total reserves 1 088 364 987 02 dollars. Bills discounted secured by government obligations for members 120 965 529 00 dollars and all others 39 371 953 72 dollars. Bills bought in open market 43 711 519 44 dollars. Total bills in hand 204 039 302 16 dollars. Total earning assets 235 182 552 16 dollars. Due to members reserve account 706 322 812 01 dollars. Total deposits 789 868 077 97 dollars. R notes in actual circulation 538 713 182 00 dollars. Ratio of total reserves to deposits and Fed note liabilities 85.1 per cent.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
F. Ro
Copper and tin steady with mixed futures in New York market
METAL MARKET NEW YORK reports copper quiet with spot 147 to 16 and futures 15. Tin weak with spot 38.87 and futures 38.75. Lead and zinc steady with spot lead at 7.00 and zinc at 35.80 in East St. Louis.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Day's Closing Shows Net Gains from 1 to 3 Points
New York stock market closes with modest gains of 1 to 3 points amid a five day upturn pause. Rail shares rise for first time since May earnings. United States Steel, Baldwin, Studebaker, American Can, and American Smelting lift 1 to 2 points. Baltimore & Ohio slides 1 1/4 due to dividend disappointment. bankers quote higher call money rates around 4 1/4 percent.
MENTIONED IN THIS ARTICLE
United States Steel
Baldwin
Studebaker
American Can
American Smelting
Roach Magneto
Associates Dry Goods
Davison Chemical
Dupont
International Harvester
Virginia Carolina
Remington Typewriter
I Rails
Atchinson
New York
Central
Northern Pacific
Chicago & Northwestern
Baltimore & Ohio
Survey Shows Increasing Use of Concrete in Road Construction
Washington June 28 A special Telegram report notes about 1 200 miles of new concrete roads were contracted in the first five months of 1924 per Commerce Department data. The piece traces four years of rising concrete road use and May contracts totaling 5 897 000 square yards, while warning labor shortages and wage competition with building projects could curb road work.
MENTIONED IN THIS ARTICLE
Ralph C. Couch
Washington
Department of Commerce
Iroads
Local Produce Market Report Fragments From State Exchange
Market conditions note poor quality strawberries and limited sale value with prices 4.60 to 4.90 per crate, cherries and berries mixed. peppers and vegetables show varied demand while May–June prices for items like lettuce onions peas and potatoes are listed. Livestock, dairy, and hay prices appear with ranges. grains and feeds reported by dealer at door per 100 pounds.
Market activity shows curbing pressure and a broad rally
New York curb market reports a perceptible selling pressure easing and a rally across groups. Odd lot demand for pipeline issues and strong orders for Roamer Motor Car Pennant tab boosted stock. Derby and Dubbs pressure stills news spurred trading while refinery, pipeline, and major producers held steadier.
MENTIONED IN THIS ARTICLE
New York
Roamer Motor Car Company
Derby
Dubbs
Wichita
Kansas
Standard Oil and Gas
Papeline
Seaboard
Chicago
CIB
Hincks Bros Win Meriden Bond Issue Bid
Hincks Brothers & Company of this city were the successful bidders for an issue of 4 1/4 percent City of Meriden Municipal Improvement bonds announced yesterday. The issue totals 30000 dollars maturing 10000 dollars yearly from 1926 to 1980. Officials were unsure yesterday whether the bonds would be offered publicly.
MENTIONED IN THIS ARTICLE
Ilincks Brothers & Company
City of Meriden
Omliala
Money Market Report From New York on June 28
Call money stayed strong with bids at 6 and offers at 6 1 4. The ruling rate remained 6, last loan 6, closing bid 6, with call loans against acceptances at 4 1 2.
MENTIONED IN THIS ARTICLE
New York
Exchange Head Pledges Action to Close Buckethops
New York June 28 Laurance Tweedy president of the Consolidated Stock Exchange visited Attorney General Sherman and pledged support for a campaign to clean Wall Street of barbershops and irregular brokers. Tweedy, who took office on a housecleaning platform, urged the exchange to condemn malpractices and turn evidence over to authorities to avoid the Martin act immunity.
MENTIONED IN THIS ARTICLE
New York
Laurance Tweedy
Wilton $ Silkworth
Consolidated Stock
Atlorney
Sherman
Attorney General
Wall Street
Tweedy
Skworth
Consolidated
Mr. Tweedy
Thomain J. Maloney
Exchanges Law Committer
Wave and Means Committer
Also Mentioned on This Page
Ab Beldturg
NEW York Reserve Bank
Metal Market
Beneficial Loan Society Room
Liberty Building
Main Street
First National Bank Building
Bui
Sgemre
Faro
Igo
Ralph FH Couch
Washington, DC
Ajax
Allied
Allis
Cosel Li _ sa Mdly
Balt & Ohio
Isoth Steel
Mo & Be OP Iy Ik
Chi & NW
Lou Chi
GA & Hat
Cuba
Doug Plet
Hirle Dupont
Hydas
Flebelmany
Gondrich
Gut Steel
Anon House
Pau Inapiratior
Keystone Tire
Lehig
Loews
Mallinson
Marina
Auty
Guy
Lily
North Pac
Orpheum
Otis Steel
Owen B & B
Pacific Oi
Aig
OM Pacific Mets
Pitts Cos
Remington
Replegie Steel
Daly
Rep Steel
Ta Pa
Royal
Sears Roe
Igoe Spicer
Strom
Tenn Cop
Texax Co
Tex Gulf Sul
Tex Pc&o Ae
Tex Pac
Utah
Abe
Hincks Bros
Meriden
Barnum
Equitable Industrial Loan Society, Inc
Fairfield Av
Electric Bond and Share CO
Electric Bond and Share Company
Electric Power
General Electric Company
Hincks Bros., & « CO
Main St
State
City Hall
the People’s Savings Bank
Bank of the Dollar
Bonds Bank Stocks
Connecticut Securities
Investment Service
E. B. Merritt & Co
Bridgeport, Conn
Fairfield Ave
Edw. B. Doulens
South Norwalk
J. M. Moeller
Washington St
Fairfield Avenue
The
M. J. Jordan Co
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