Bond Market Slumps as French Francs Sink to Record Lows
New York reports mixed trading with stock sales near year lows as French and Belgian francs crash to unprecedented levels. Oil and copper activity shift, while a handful of stocks hit new yearly lows amid broad market weakness and sparse beyond-year news.
Foreign exchange rates listed for major nations and cities
New York May 18 AP Foreign exchanges were weak with quotes for Great Britain at 486 and 486 9-16 on cables and 60 day bills on banks at 407 7-8. Other providers include France 2.82 demand and 3.92 cables, Italy 3.78 demand and 3.80 cables, Belgium 2.80, Germany 23.80, Holland 40.21, Norway 21.75, Sweden 46.73, Denmark 26.28, Switzerland 19.33 1-2, Spain 14.42, Greece 1.34, Poland 9.00, Czecho Slovakia 2.96, Jugoslavia 1.76 1-2, Austria 14.125, Roumania 37 1-2, Argentina 40.18 3-4, Brazil 14.70, Tokyo 47.18 3-4, Shanghai 72.125, Montreal 100.93 1-8, Portugal 5.17.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Prance
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Argentina
Brazil
Tokyo
Shanghai
Montreal
Portugal
Seowyork
Tolay
Kelly-Springfield Tire
Kennecott
Lehn Fink Products
Aay & Shy
Aga Aig
Louisville
Brown
EL Aba
Frown Boy P. Neds
Pd Boy Am Chain
Macy
Cleak
Magma
Mallinson Ce
Shicleetts J
Manhat Ry Mod
Iwi Am
Manhattan
Mary
Howe
Maracaibo
Marland of
Marlin Rockwell Eam
Inter’ Corpsa
Maihieson
Itan
STITT
Maytag
McCrory
Seaboard
Middle States
Midland Steel I
Supidio
Mias Pacific
Wilken
Montgomery Ward Ty Ae Say
Moon’ Motor Car
Murray Body Corp Tea Junour Co del Pely
Nuah
Gona Armour Uc
Acme
Artlaore Corp
Artloom Corp
Nat
Nat Dent
Nevada
Con
Austin
Haitimare Oni
Chi St Louis DB Po No Raurkdiyy Corp A. Oh
Booth
RY Ryy Corp Pe
Lpac
Botany Cong Mart
Norfolk Southern
Mtg
Cork
Norfolk Western
North American Co
Timerick Balke
Barns Bros
Pacific Gas Electanty
Cullahan Zine Ld
Yuckard Motor
Paige
Utah
Pathe Exchangs & A
Penick Ford
Penn
Litesapeake
Pitts West
Chile
Chile Copp Hig B25 Ba UO Public Ser Corp NF 110 10 7An9 Chysier Corp
Priiman Co
Goa
Radio Corp
Radio Corp P
ABS
Ray Conan
Corkul
Replighs Steelies
Congo Gas
Tnsur
Cent Motors
Ray Dutch NY
BEE Bsg
Bafety Cable Co
Cracibte Steel
Gray Bragesi
Jaxepl Lend S
Cuba Co
Southwest
Schulte Retail Stra
Cudahy
Seagrave Corp
Davlesn Chemical Ae
Reara Roebuck Aml
Delawara Linda
Shel Union of P
Rhubert ‘Theatre
Detroit
Simmond Co
Vaedo Dodge Sitve
Dodge Brea P
Sinclair
Duray
BEL
TORLY
Stan Gas
Elee
Mit
Symington Co
Meischman Co
Guy Foundation
Texas Co
Fitport-Texan
Gardner Mature & An
General Electric
Thompson JR
Sagcp
Timken Hall
General Petroleum
Underwood
Glidden Vo
Union Carbide
Union
Cal Ham
Arg
Anta
Talied Alay Steel
ARK
United Te Bioren
Cothun Slike
Investay
Gulf Mobile North
Guiry Murex Steeling Oz
Afin
Tuyen
Howe Sound Co
Laternal Agri Corp
Walworth
Maryland
Biarvsater
Ann Tau
Marina
Wrinley Jr
Marie P
Yale Towne Mturmy
Borden Urs
Wall Street Notes on Reorganization Talks and Stocks
Informal conferences on a possible Chicago and Alton railroad plan of reorganization have been held by protective committees. A future accord is anticipated within weeks with likely dilution for common and preferred shareholders, possibly via income bonds. Armours’ directors’ meeting next Friday adds Wall Street focus amid South American tensions. Berg and Keck stock priced at 3 dollars with 75 cents quarterly dividend. company earned nothing on common in four months of 1926. California Packing forecasts small earnings change for 1928 from 1925. Miles of pipe through Texas Panhandle will enable 20,000 to 40,000 barrels daily handling. Missouri-Texas lines’ April revenues projected near 200,000 dollars. Surplus after chutes stands at 100,000 against 318,135. Weather and farming notes show mixed signals for crop prospects and livestock feeding conditions.
MENTIONED IN THIS ARTICLE
Chicago and Alton
Berg and Keck Company
California Packing Company
Bentley Gas
Metal Market Report Sparks Jan Price Movements
A fragmented METAL MARKET note shows prices around 64.25 for a cone per day, with references to Gsiesper, pyres, and nearby locations. The entry mentions Polk Sey 18-041 and dates near January 16, with mentions of Laut and Spar 1. The readable items imply a brief commodity update from a local market page.
MENTIONED IN THIS ARTICLE
SEW Polk Sey
Improvement in Some Bonds Fails to Stimulate Buying
New York May 18 buyers remained cautious as moderate demand for seasoned investment bonds rose briefly but failed to lift the market. French and Belgian issues weakened with losses over 4 points on some bonds while Polish and Brazilian issues showed limited activity. Warner Sugar 7s rallied on promises of timely interest, and rail bonds strengthened with renewed buying in Missouri Pacific and related issues amid anticipated new offerings in Westchester County bonds.
MENTIONED IN THIS ARTICLE
New York
Paris
Clelea
Brazil
Warner Sugar
Hvely
Skelly
Sinclair
Oila
Pillsbury
Westcheater County
Further Drops In Baking Shares Day Feature
New York May 15 AP renewed weakness dominated the curb market as Continental Baking A fell nearly 5 points to 67 1 8 and the preferred dropped to 91 5 on board concerns over dividends not yet discussed by Charlton Barber. Rumors of dividend cuts weighed on baking issues while oil share price raises were dismissed. Coal issues showed weakness with Glen Alden off a point and Foundation Co Foreign hit a near year low. Public utilities moved narrowly with slight drift. Bond changes were wide but small in magnitude. Consolidated Textile Segments Shewsheen 73 down about a point to new yearly lows.
MENTIONED IN THIS ARTICLE
New York
King of
Pure Heatlon
Httle
Rubber Association of America
American and Power
Bethlehem Steel
Childs and Company
Commercial Credit
First National Pictures
Hayes Wheel Mallimson and Company
Montgomery Ward
Moon Motors
National Distillers
Standard Plate Glass
Studebaker
U. S
Chicago and
Alton
Crnalio
Lackawanna
Norfolk and Southern
Wisd
Marland
Pans American
Prof Ttaku
Hemet Pat
Iower
Alsc
Tereisa
Chilnges
Continental Baking
Charlton Barber
Glen Alden
Foundation Company Foreign
Intte
Consolidated Textile Segms Shawsheen
Liberty Bond Prices and Treasury Notes Brief Update
In New York on May 18, AP reports closing Liberty bonds with various issues listed. Prices show Liberty 3 1-28, 4 Jeds, and 4 Jeds Third amid notable Treasury figures such as 101.12 for U S Treasury and 104.11 for Ul 8 Treasury. Overall trading reflects bond market activity with several issues around the 100s.
MENTIONED IN THIS ARTICLE
New .York
Liberty
New York Prices on Dairy Eggs Potatoes and Cabbage
May 18 AP report shows butter receipts rising with creamery and eggs prices listed. Fresh gathered eggs at 91 1 2 to 91 2 and storage eggs 31 8 4 to 32 3 4. Potatoes irregular in Maine bulk 180 lbs 7.00 to 7.60. New York and Florida quotations 11.00 to 12.60 per barrel. Cabbages firmer in South Carolina at 1 1 3 bushel, Alabama and Mississippi 3.00 to 3.2 per 100 lb crate.
MENTIONED IN THIS ARTICLE
Maine
New York
Florida
South Carolina
Alabama
Grain Prices Chicago May 18 Grain market figures
Chicago grain prices list cash wheat No 1 65 to 1 65, No 2 mixed 1 69 to 1 64 1 4, corn No 2 yellow 70 1 2 to 1 8 4, No 2 white 74, oats No 2 white 41 1 2 to 43 1 2, rye No 1 83, barley 64 to 67, Timothy seed 6.25 to 7.00, clover seed 27.00 hard 15.52 8.18 listed.
MENTIONED IN THIS ARTICLE
Chicago
Cotton prices steady as markets close in New York
In New York on May 18, the cotton market closed quiet with middling at 28.70. Putates finished steady to 3 points lower. Futures for July ranged 18.13 to 18.17 with August and December around 17.4 and 17.2 respectively.
MENTIONED IN THIS ARTICLE
New York
Treasury balance daily statement Washington May 18
The daily Treasury statement shows the general fund balance today at 403,932,004.64 dollars. The report lists the amount in the general fund as of May 18 with the figure above.
MENTIONED IN THIS ARTICLE
Washington
U. S. Treasury
Lance
General Fund
April Business Gains Across States Over Last Year
April showed improvement in business activity versus March and compared with last year across the states. Growth ranged from 10 to 42 percent in several states led by Florida and Arkansas, with California and others near 15 percent. Rhode Island was the only loss in the West, while Wyoming and Minnesota posted the heaviest declines.
MENTIONED IN THIS ARTICLE
Burthermore
Agthers Wits
Meureyn
Jersey
Delaware
Wlorida
Michigan
Ohio
North Daka
South Dakota
Bram
Oklahoma
Arkansas
Louisiana
Caliiornia
South
Rhode Island
Wyoming
Minnesota
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The
Associated Press
Fidelity Loan Corp
Middle St
of John Si
Coaberrat
Ashyor
Londons
Diity
O'S
Frei Ie
Isons Aal Crear
Ramet GM
Financial Press
Broad Se
New York City
Wall Street
Armour and Company
South America
Panhandle
Texas
Wilout
Caine
Metal Market
Liberty ‘Bonds
N.Y
South Bay Consolidated Water Company
Long Island
Connecticut
Hincks Bros. & CO
Bridgeport
Bernum
Treasury Balance
CartaneGe
Associatis
Bosror
Membeps
N. Y. Stock Exchange
N. Cotton Exchange
N. Y. Coffee & Sugar Exch
Chicago Board of Trade
Wain Office
Broadway, New York City
Babson Park
Maas
Wratia
You
Nam
State OF Conn
United Loan Corp
Fairfield Ave
Corney Water St
Barnum
the Mutual System CO
State Bank Commissioner
BANK
To & P
Natal Bank of Bridgeport
Trabacon
Wakema & Son., Inc
Fairfield