Sharp Gains in Utilities Feature Market-Foreign Money Recovers Moderately
U S Steel and key rails held the line as railroad equipment shares led the day with gains. Pullman rose to 173 1 2 on recapitalization and dividend hopes, while Consolidated Gas and Detroit Edison joined utilities in advancing. Bear selling paused as misc leaders, including Chrysler and Baldwin, showed mixed moves amid a buoyant industrials scene.
MENTIONED IN THIS ARTICLE
New York
U. S
Pullman
American Car
Symington Common
Baldwin
American
Lima
Chrysler
Urillys-Overland
Mack Truck
Studebaker
White
Jordan
Hupp
Paige
Moon
Pennsylvania
Detroit Edison
Western Union
Markettreet Railway First
Kansas City Power and Light
Brooklyn Union Gas
American and
Foreign Power
American Water Works
Federal Light
Wheat futures rise as London and Canada supply news move markets
Chicago Wheat closes higher with December and May contracts up, and corn oats and provisions showing mixed moves. Liverpool advance, Canada threshing delays and rising domestic sales influence the day’s fluctuations. Minneapolis mills report strong flour demand for shipment before December.
MENTIONED IN THIS ARTICLE
Chicago
Great Britain
Turkey
Minneapolis
Liverpool
Europe
Canada
Foreign exchange rates in New York markets
Latest prices of exchange on Thursday across major markets show Sterling around 4.84 3-8, Francs near 472 1-4 demand, Italy lire 4.12 1-2, Belgium franc 437 1-2, Switzerland 19.20, Holland 40.18, Germany 23.381, Denmark 24.40, Spain 14.42, Canada 100.00, Argentina 40.35, Brazil 13.35, Chile 12.45, Hong Kong 5.88, Portugal 5.29, Havana 9.91, Hungary .0014 1-8, Roumania .43 2-4, Jugo-Slavia 1.78 1-4, Finland 2.52 3-4, Sweden 26.00, Norway 20.87, Poland 18 56, Czech-Slovak 2.96 3-8, Austria 1.0014 1-8, Bulgaria .74.
MENTIONED IN THIS ARTICLE
New York
Sterling Sovereign
France
Italy
Belgium
Switzerland
Holland
Germany
Austria
Cirecce
Sweden
Norway
Denmark
Spain
Hungary
Cuecho-Slovakis
Poland
Finland
Roumania
Jugo-Slavia
Argentina
Brazil
Chile
Canada
Hong Kong
Portugal
Havana
Bulgaria
ESCOT
Saleane
B&o
Studebaker
Abit Power
VM Dy Sweets Co
Am Be
Wwe
Symington Co
Symington A
Texas Co
Ajax Rubber
Texas Gut” ‘Suing
Inland Steel
Texas Pacifific
AL Am
Tex Pac
Allis Chalm
Iseo
Agri
Wil
Union Pacific
United Alley
United Cig
Jones Br ‘Ea
United Drugs
United Drug
Inter ‘Corp
Kan City
United Ry
United
Inv_p
Kayser Co
YOO Am Metals
Keystone Tire
Kresge
U S
Lima
Steel Corp
Loew's Inc
U S Steel
Lerillard
Louis Nash
Vivaudou_Inc
Arm Co
del BP
Macy Co
Ward
Arnold
Magma
Warren Bros
Mallinson Ab Weber Helller
West Penn Co
Tod West Fenn
Western Pac
Atchi D
Western Pac P
Air Coast Ling
Mar St Ry Cp
West Air Brake
Atl Gulf W
Lee
Mar St Ry Pr
Gulf Wosp
Mar St Ry
Weston Elec
Atlagy Fowder
Marjand
St Metrory
White Motor Co
Balti
Ohio
Miami
Willys
Willys Overland
Wilson Co P
Woolworth Co
Booth Fisheries
Tex BP
Wright Aera
Bklyn Ae
Ry Bros
Burns Bros
Ay Bai
Cerro de Pasco
Niag Falls
Norfolk South
Chic Pheu
Norfolk West
Amercal
Childs Co
GAH
Northern Pacific
Nunnally Co
Chrysler
Colum Gas
Owens Bottle Vo
Bey Boty
Pacific Gas
Ata Congo-Nairn
Consolear
Ackard Mator
Park Tilford
Cuba
Pere Mara
Philadelphia
Pierce Atrow
Fierce Arrow
Dodge Bros P
Pierce Oi
Dome Mines
Ano Pierce
DSS
Pittsburg
East Kodak
Pitts
Emerson Bop Tay
Pulttman
Radio Corp
Morse Co Exchange
Ray Cons
Fisk
Freischman
Steel
Republic Ir
Royal Guteh
St. Joseph
Ylec
St Louis
Shattuck Co
Goerdyear
Simmons Co
Simms Petrol
Sinclair
TAO
Gulf Mob
Gulf States
Riana
Southern Pacific
South Port
Houston
Hewe Sound
Calif
Metal Market New York Sees Mixed Copper Tin Steady
In New York on September 17 copper shows dull spot and futures at 14 3/4 to 14 7/8. Tin remains easy with spot at 58.87 and nearby futures at 58.37. Lead and zinc hold steady with spot lead at 9.50 and antimony at 17.90 to 17.35.
MENTIONED IN THIS ARTICLE
New York
Cotton and Wool See Encouraging Yet Mixed Outlook
Textile figures show cotton consumption at 87 percent of normal and woolen mill activity at 88 percent. Rayon demand is high though current figures are unavailable, with silk gaining ground in several fields. Mills are adopting rayon in products as they seek to regain lost markets and boost overall demand.
Cotton Rises Above 26 Cents on Overnight Buying Surge
In New York on Sept 17 a flood of overnight buying from trade and speculators lifted cotton above 26 cents for the first time in six months. Early trading was unusually heavy with large blocks taken from the market by trade houses. the market closed barely steady, down 1 to 9 points, with spots at 24.65 middling.
MENTIONED IN THIS ARTICLE
Havana Electric
United Railways Investment Common
Preferred
Kelsey
Gimbel Bros
Armour A
American Tobacco
American Smelting
General Baking
Fleischmann
Endicott Johnson
United Drug
New York Air Brake
General Railway
York Federal Reserve Bank
New York
Money market and treasury daily balance report
Call money easier with high steady rates. Ruling rate 3 4, last loan 31 2. Time loans firm with 60 90 days 4 1 4 to 4 1 2, 4 6 months 4 1 2 to 4 3 4. Prime mercantile paper 4 1 4. The daily Treasury balance shows 11 1 2 percent and $442,281.07.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Washington
U. S. Treassury
Bond Trading Gains Steam on Oversubscribed Offerings
Bond market activity surged as more than 75 million dollars of new issues were oversubscribed. Prices rose with ready money flowing into investments. Bell Telephone of Pennsylvania and German Rendite bonds led gains while Florida Western Northern 7s touched record highs on demand linked to land boom prospects.
MENTIONED IN THIS ARTICLE
Bell Telephones Company of Pennsylvania
Stack Exchange
Renten Bank
Wall Street
J. P. Morgan and Company
Florida
Land Company of Florida
Union Pacific
Kansas City
Illinois Central
Chicago and Alton
Armour closes at new high in curb market
In Thursday's curb market Armour B moved forward on higher volume to a new high of 16 1 2 as trading showed confusion amid price swings. New Mexico and Arizona Land rose to 15 and American Maracaibo closed up 1 while Mexican Panuco held near recent highs on news of South American concessions.
MENTIONED IN THIS ARTICLE
New York
New Land’ Company of Florida
Armour B
Ona
Humble
New Mexico
Arizona
American Maracaibo
South America
DeForest
Garod
National Power and Light
United Light and Power
Federal Reserve Bank of New York Report Sept 16 1921
The New York Fed reports total gold reserves 919.454 million dollars and total reserves 945.151 million. Government war obligations secured bills amount to 79.204 million. Open market purchases 11.96 million. Total earning assets 266.209 million. Uncollected items 224.497 million. Deposits 850.606 million. FR notes in circulation 350.615 million. Reserve ratio 78.7 percent.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
I. FR
F. R
Also Mentioned on This Page
qEe Mutual System CO
Barnum
the Mutual System
Bank Street
Phelps-Dodge Corp
United States
Stone,Prosser &Doty Investment Securities
William Street
New York City
Wade
Hawley Ave
Metal Market
Miami Mortgage
Curity Corp
Coral Gables
THE
Miami Sales CO
First National Bank
Onnage Aysocnres -Bostar
Oolen Acttvity
Nor- Mat
Treasury
Bell Telephone
Armour
Federal Reserve Bank Statement
Fidelity Loan Corp
Middle ST. Corner John
John and
Wall Streets
Tate
Connecticut
United Loan Corp
Fairfield Ave
Power & Light CO
State Street
Investment Department
Noble
Roanoke Water Works Company
State St
Tel. Noble
City National Bank
Savings and Foreign Exchange
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