Securities and Commodities Suffer Sudden Market Weakness
New York March 1 AP acute weakness spread across major securities and commodities. Stocks fell 1 to 15 points while wheat dropped 364 to 613 cents a bushel and cotton futures slid 24 to 32 points, many at year lows. Total stock volume reached 2,501,600 shares, the largest session this year as traders cited an overdue correction amid recent pool collapses affecting market sentiment and short covering despite some favorable news.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Giet
Wall Street News Notes Highlights Meat Packing Pact and Sales
February was uneconomical for the American meat packing industry with lamb prices falling wholesale while heavy cuts remained plentiful. The Institute of American Meat Packers notes price gaps between light and heavy cuts widened benefiting consumers. Montgomery Ward and Company posted February sales of 14,444,720 versus 12,723,422 in 1925, up 16.87 percent. year to date 1926 sales total 30,111,066, up 18.61 percent from 1925.
MENTIONED IN THIS ARTICLE
New York
The
Institute of American Meat Packers
Hte
Montgomery Ward and Company
Shipping News New York March 1 194?
Shipping notices list arrivals and departures between New York and European and Asian ports. Vessels named include Edison Christiana Pag, President Roosevelt, Empress of Asia, President Taft, and Giuseppe Verdi with February 26 to March 1 dates.
MENTIONED IN THIS ARTICLE
New York
Roosevelt
Cherbourg
Rotterdam
Constantinople
United States
Christiana
Arinthia
Naples
Edison
Piraeus
Garfield
Penang
Hong Kong
Vancouver
Salled
Samland
Antwerp
Martha Washington
Trieste
Giuseppe Verdi
Lisbon
President Taft
Metal Market New York Copper Tin and Zinc Prices
In New York metal market notes dated March 1 copper steady at 441 8 per pound with 14 1 4 futures. Tin bids firm near 64.87 spot and 63.37 futures. Iron steady No 1 northern at 22.00 BR 2360, No 8 northern 21.00 to 22.60, No 2 southern 22.00 to 23.00. Lead steady and zinc soft with East St. Louis spot 7.45 to 7.50 futures, antimony spot 21.00 to 21.30.
MENTIONED IN THIS ARTICLE
New York
Northern
Southern
East St. Louis
Seles
Jatt. Itu
Great West
Suz
Pathe
Gut Mob
Tyre Mara
Villa Co Ban
Hardman Corp
Hipa Petrotew
Hp Atta
Houston
Pierce
Howes Sonar
Uilonois
Stl Corp
Hk Pub Ser NJ
Inter Agel Corp
Ghoo Ladle Corp
Lee
OO Radio Corp
Inter Corp Ae
Iran
Reynolda
Sumatra
Kennacott
Keystone Co
Ty Rand
sat Bhell_ Union
ArmCb
TY Ais
Lehigh Valley
Rinbers Theatre Co
Simmons Co
Amiold Conatableee
Artloom Corp
Tima
Oh Ky
Tadlum Steel
Hlee
Standand
Stan Gas
Atia
Mackay
Io Atlas Tack
Mrney
Auntin Nich
Strom Carbif i Agi
Aim Ag
Ae Atudebaker
Carp
Bae TM
Austin Nich
Mallinson
Manhattan FE
Toco P
Sweets Co
Mantty EL Co
Symington Co
Balil-Ohlo
Manientha
Squitneton Co
Bangor
Jenn Coy Chewoe Ag
Bayuk Cigers
RON Texan Co
Marlin Rockwell
Ss ‘ Sa
Belding Hammway
Martin Parry
Texas
Maytag Co
Booth Fisherten
McCrary Kiores
Bevo
Botany Cons Mills
McCrary Atp
McIntyre
Brooklyn
Bae
Miami
Tylon
Kan-Tex i AG
Ken-Tex Bo Nzod
Xl & Roc
Mullins
Central Lantier T
Murray Body Corp
Canadiana Corp
New York Dock
van Ranke
Ohio
Norfolk South
Norfolk West
North Am
Nunnally
Taewen
Appenheim Collins
Walworth Co - Sony
Slosh
Ty Roe
Jo Ward
Warner
Uia
West Penn
China
Weston
Wheeling
Chrysler Corp
Chrysler Corp P A
Orig
White Motor Co
Aig
Coca Cola
AOD
Ana
DY Haas
Eohy
Willys
Colum Carbon
NOY Conners
NOY Conners Vealg
Central
Lstaq
Wilson
Aera
Owens Rattle
Pan Am Petroleum Ag Ag
Coty Inc
Pan Am
Youngstown
Cushin Bons Inc
Del-Hadeon
Dodge
P de
Fisk Bult
Flelachmann
Xa Foundation
Fox Film A
Troo Freeport
Gabriel Smithey
Gardner
Atney
Elsery
Cotton New York Prices Steady Amid Quiet Trading
Cotton spot in New York remained quiet with middling at 19.45. Futures closed barely steady with losses for nearby months, May at 18.28 to 19.42 and October around 17.27, while December hovered near 16.95.
MENTIONED IN THIS ARTICLE
New York
Maren
Muaroh Way
Money market snapshot from New York highlights closing rates
The New York money market reports call money at highs of 6 1/2 and lows near 4, with offerings around 3 1/2, time loans steady for 60 to 90 days at 4 3/4 to 4 3/4, and prime mercantile paper near 4 1/4.
MENTIONED IN THIS ARTICLE
New York
Mercantile
Balance of United Treasury as of today in Washington
Daily statement from the jury lists the balance at 3 238 443 988 84. The record notes a precise total balance for the United Treasury in Washington with a figure formatted in dollars and cents. The entry reflects the day's official balance, indicating the magnitude of funds held.
MENTIONED IN THIS ARTICLE
Washington
Balance Toda
Small investors boost volume of liquidations in curb market
New York March 1 AP A sharp price reaction in the curb market as professional bear traders again pressed weak spots. Reports show a substantial rise in liquidation by small investors and traders to protect commitments elsewhere. Electric Refrigeration and other issues fell sharply but rallied modestly from lows. Public Utility shares led selling with declines of six to eight points. Oils resisted best, while several majors sank only fractions.
MENTIONED IN THIS ARTICLE
New York
Foreign
St. Regis
Losin
Consolidated Laundries
General Baking
Aullette Safety Rane Glen Alden
Worn
Tokel Plate
Tublze Sik
American Gas and Electric
American Light and Traction
Electric
Uwafted Gas Improvement
America Power and Light
Southern
California
Edison
United Light and Power
Carib Syndicate
Gulf
Lago Vacuum
Standard Oils of
Indiana
International Petroleum
Liberty Bonds Closing Prices and Treasury Note Quotes
Closing prices for Liberty Bonds show four issuances with yields and a fifth line noting U S Treasury values. The data lists bond identifiers 1 through 4 with prices around 100 and 102, and a 187.25 figure labeled under U S Treasury.
Foreign exchange rates in New York March report
International currencies list fixed by AP shows bid and ask figures for Great Britain France Germany and many others. Cables and day bills on Montreal Tokyo Shanghai and Shanghai markets appear with varied quotes and multiple decimals, indicating market activity and cross rates.
MENTIONED IN THIS ARTICLE
New York
March
Great Britain
France
Germany
Holand
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czecho-Slovakia
Jugelovia
Austria
Roumania
Argentina
Grain prices drift after Liverpool drop and strong selling
Wheat futures fell in Chicago trading as Liverpool quotations eased and domestic farm reserve estimates surprised higher. Chicago speculators and local houses sold heavily, dragging May to 1.85 1 2 and July to 1.44 1 2. Corn and oats sagged alongside wheat with futures retreating, while provisions firmed in line with hog markets.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Onis
Rubber market updates and corporate dividend notice
New York Cocoa and Rubber Exchange shows spot prices for smoked ribbed sheets and forward months in the 50s to 60s range with steady tones. A separate New York rubber exchange report lists futures at mixed levels, including March at 44.30 and May at 53.80. A corporate notice notes a 7 percent annual dividend on common stock with quarterly disbursements of 0.25 per share payable April 1 to holders of record April 1.
MENTIONED IN THIS ARTICLE
New York
New York Cocoa and Rubber Exchange
New York Rubber Exchange
Heiderw
New Security Financing Surges to Record $6.216 Billion in 1925
New capital issues of securities in 1925 totaled 6.216 billion dollars, surpassing 1924 by 623 million. Corporate and foreign financing led the rise with realty loan increases up over 100 percent from last year and over 700 percent since 1920, while municipal and farm loans stood around 1.517 billion. Foreign loans spark debate on credit restoration versus limited benefit from educated economies.
MENTIONED IN THIS ARTICLE
Commercial and Financial Chronicle
Treasury
Bond Market Sags Except Liberty Bonds Near Peak
New York March 1 bond market shows broad decline with subdued trading amid stock slump and tight money. Liberty bonds buck trend with third 4 1-4 rising on Treasury plan to buy $100 million for sinking fund. Other issues drifted lower, utilities sagged, and several large issues posted losses while new offerings totaling over $16 million were scheduled for tomorrow.
MENTIONED IN THIS ARTICLE
New York
Treasury
Atchison
Chesapeake and Ohio Central
New Mayland
St. Paul
Chicago
Northwestern
Indy
Hudson
Manhattan
Western Maryland
Western Pacific
New York Railways
Third Avenue
Interborough
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Roldings
American Brake Shoe and Foundry
Foundation Company
Suce Ir International Combustion Musinerig
Sears Borbuck
Woolworth
U. S
TU. S&. Steel
Dolatg
Wooelhvgorich
Aoling
Aled Chemiseat
Atlantic Coast Line
Econ Cola
Case Threshing Machine
Issu General
Organ Motors
McCrury Storey B
Nickel Plate’ Common
Dan-American Western
Remington Typewriter
Hossta Insurance
Sears Roebuck
Weatinghougs Ale Lvake
United Drug
Kkroner
Zlotys
Hemphill
Noyes
New York Stock Exchange
John Street
Bridgeport
Pune
Bonen
Mutual System CO
State Bank Commissioner
Barnum
the Mutual System
Bank Street
Noble
New England Equity Corp
State Bank Commission
State Street Room
NewspaperHitnive
Wall Street News
Prrson
Shipping News
Metal Market
U. & Treasury
Liberty
U. S. Treasury
Comparose Assacres -Bestan
WiMunacipa, & Pam
International Telesphone
United Railways
Sts Louis
Brooklyn Union Gam
Lempzle
Inspiration Copper Company
Caodyear Tire Company
Inspiration
Consolidated Copper Company Wall
Guaranty Company
Speyer Avi Company
Leinzig
Wetter
Guaranty and Trust Co
Ist National Bank
Conn
Bridgeport Hydraulic Co
Dominion of Canada
Province of
Alberta
General Motors Acceptance Corp
Jenkins Brothers
Associated Gas & Electric Co
Kingdom of Italy
Savings Banks & Trustees
State Street
Ene Ae Cas de LY Ng
Investment Department
Hincks Bros. & CO
Telephone Barnum
Fidelity Loan Corp
John BR
Suate of
Connecticut
Miami Mortgage & Securities Corporation
Coral Gables Real Estate
Miami Sales Co
Tit National Bank Building