Market hits new single day high as trading widens
New trading record of 4 176 200 shares set as the market rallied under General Motors leadership. GM rose to a new high near 198, closing just below the top. Broad advance with notable 5 to 18 point gains among several speculators, while a few issues declined. Money rates edged higher with short maturities at 4 5 8 percent and longer dates at 4 1 2 to 4 5 8. Calimone held at 4 1 2 percent amid abundant funds. News of a revised Southwestern merger plan approved by directors of Kansas City Southern and Missouri Kansas Texas, under Senate Interstate Commerce review, kept investors watchful. Intracity antitrust claims involving Missouri Kansas Texas and St Louis Southwestern surfaced as a second complaint. General Motors buying activity reappeared tied to William C Durant’s continued market presence, lifting Durants shares. Other auto issues rallied in sympathy, following the GM surge.
MENTIONED IN THIS ARTICLE
RW York
Associated Press
General Motors
SF Loreen
Kasas City
Interstate
Commerce Commission
Tac
St Louis-Southwestern
Industrials and rails surge as GM and peers hit new highs
New highs touched by General Motors and industrials while railroad shares climbed close to record levels. Gains amplified by mergers and sector rotation. notable advances seen in American International, ITT, DuPont, Montgomery Ward, and radio groups. rail stocks led with significant point gains. European rates softened slightly amid mixed currency moves. commodities rallied in wheat, corn, coffee, and sugar on supply and weather signals.
MENTIONED IN THIS ARTICLE
Hupp
Packard Electric
Eaton Axle
Reynolda Springs
Sears Roebuck
American Internationnal Corporation
American Machine and Foundry
Dupont Lambert Company
Montgomery Ward
Midland
Adamy Express
Arizona
Sloss-Bhenfield
Victor
New York Centre
Pennyliania
Delaware
Hudson Lackawanna Wabash
New York
Harlem
Seaboard Air Line
Bank and Insurance Stocks Quotations
Bank and Insurance stocks advance on market activity led by major lenders and insurers. Analysts note gains across life and property sectors with mixed results in regional banks. Investors monitor interest-rate signals and earnings outlooks shaping sector momentum.
Stock Averages and Market Totals Reported By AP
Stock averages and market figures from the Associated Press show industrials and railroad averages for Monday and Saturday, with figures for week and year comparisons. The report lists balances, Federal Reserve credit, and various ticker remarks, amid a dense ledger of stock names and figures.
Radio aids Telegraph business says Western Union report
Western Union President Newcomb Carl Loaoys states radio has boosted trade by connecting regions where cables lag due to terminal delays. Radio also increased traffic when cable firms control key terminals in Britain France Italy Belgium and Cermany. The 1927 net income reached 15 059 8408 against 61s 205 040 a. per share in 1926. highlights include a New York to Harbor Azores cable statio and plans for a Newfoundland to Harbor line.
MENTIONED IN THIS ARTICLE
New York
Western Union Telegraph Company
Newcomb Carl- Lo Aoys
He Gald
Great Brietain
France
Italy
Belgium
Cermar
Haire
Latin American Liens Decline As Colombian Bonds Are Sold
Market report notes Latin American liens ease as Colombian bonds are sold amid modest rate shifts. French issues show strength, Seaboard and Burlington mortgages demand uptick, while New York traction liens lag. Government notes remain dull. a new 10 million New York Deck Company issue is planned to finance extensive payments.
MENTIONED IN THIS ARTICLE
Iri
Consolidated
Denver
Rio Crande
Burlington
West Booth Traction
New York Traction
Andes
United States
Kork
Produce New York March Butter and Egg Prices Report
New York markets show unsettled butter receipts and varied prices for eggs and potatoes. Butter futures rise to 49 1/4 50 1/0 with different grades listed. eggs quoted with multiple weights and regional varieties. potatoes steady with regional bulk prices noted for Green Mountain Long Island and Bermuda shipments.
MENTIONED IN THIS ARTICLE
New York
Ated Press
Atora
Hennery Brown
Pacific Coast
Green Mountain
Long Island
Bermuda
Metals News Roundup From New York March 26
Metals markets show copper steady with spot around 14 1 8 cents and futures near 59 00. Iron remains steady for No 2 ore at East Pennsylvania 209 and Buffalo 16 60. Lead holds at New York around 60 5 62, zinc steady in East St Louis with futures about 672 to 673. Antimony at 98 7 and quicksilver at 1220.
MENTIONED IN THIS ARTICLE
New York
Eated
East Pennsylvania
St Louis
East St Louis
Cotton futures rise across months in quiet spot market
Market notes show May at 14 points higher to 1040 with other active months listed. Prices for July, October, and December hover near prior levels. Spot middling quoted at 2000 with subdued activity across the board.
MENTIONED IN THIS ARTICLE
New York
Money markets and balance sheet details reported
Call money firm with all loans at 4 and 1-29 4 3-4 closing bids. Primer mixed collateral quoted for 60-00 days 4 6-8 4-6 months 4 5-6. Prime mercantile paper noted. Washington balance shows 441 026,549.
MENTIONED IN THIS ARTICLE
SEW
York
Aciated Press
Loras
Washington
Balance
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Stock Exchange
Dork
Adana
Fanepu
Jon Ste
Yale
Dublin
Cmcilie Steel
Abintara
Oty
Cuba
Ray Cutthy
Tou
Cheayunte Corp
Ct West
Chrysler
Ati Bete Co
Delawari Hut
Norfols
Blunt
Tony Indty
Ant
Owens
Dotsan
Tara Viitord
Beder
Jer Mara
Morris
Aa Tits
Bleisehmann
Plana
Torliy
Cory
Roma
Reading Co
Tan Fun Moore
Uity
Reronold
Saynge Arnie
Fay
Bany Im
Amn
West
Air Creene
Shubert ‘Theatre
Archer Dan Mia
Ipf
Arnold Coast Corp
Lenny Hankey
South Dairies
Dairies
Howe
Wi Atlanthe
Hudson Stanhat
Saag
Atlas
Alinda Cent
Reice Mie Waly Ag BS
Crees
Balto Ohio
Tiland Steel
Hiath
Bamberger P
Bangur Avor
Ane
Interboro
Arcus
Glen
Bank of Mer
Kavon Studebaker Cp & Any
Hieminway
Beth Steel
Loomingdale
Pal
Roy
Jones Lang
Jone Bros Ten
Brooklyn
Fen Industrils
Bronowick Balke
Kennecott
Burns Bros A Lhm
Gur Bros Pt Ly
Ray
Cigar &T
U S
Triogh Val
Joe Callahan
Flee Myers
LWA
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Figatt
Loews Tly & Ok
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Bernie
Crete Peabody
Vitor
Colina Atkinan
Olline
Mackay
Volero Ruel
Mack
Avidtson
Magma
Fontelies
Manhattan
Mandel Trew aTy Sity At 1M Watash Pf» Aity My
Jy Bay Am
Tolandan Carbon Say
Pri
Warrer Quinn
Intel
Marland
Am Wartin
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Gamkess
Hank
Sbrhat
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Hank Wa
Larrierd
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Cheain
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Ely
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ITU
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Sarah Oo
Brance
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Fae
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Uget
Hemphill, Noyes
New York Stock Eschanse City Savings Bank
Bridgeport
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Pi Men
Rte
Fidelity Loan Corporation
Bours
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State ST
Western Union
BMLW
York Mac
Pond Walker
Anne
Ibues
Lev
Seaboard
Bankers Capital Company
First National Bank
Bridgeport, Coan
Waterbury
Heven
Old Colony Trust
Boston
Bridgeport Telephone
Noble
Treasury Balance
Conn. Radio Laboratories
Main Street
Poli’s Palace
Underwood
Adolf Lederer & CO
Teys
Adolf Leferer
Barnum
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