Wall Street Topics Show Bears Turn Bullish On Market Rise
Traders note a shift in sentiment with bears embracing a potential price upturn led by Union Pacific. Short accounts declined as prices rose around 130 in UP and Steel and Readings, amid questions about whether the move signals a broader recovery or a one time surge.
MENTIONED IN THIS ARTICLE
Union Pacific
Readins
Pennsylvania
Exchange
Lon
Ateo KS
Anaconda
Atchison
St. Paul Erle
Orie
Wlinois Central
Louis & Nash
Pennsylva
Outside Securities Feature Erie 6 Percent Notes
Pennsylvania securities market shows higher values with Erie 6 percent notes traded yesterday. Sales of new issues ranged around 9814 to 9914, indicating rising demand and price movement in the secondary market.
MENTIONED IN THIS ARTICLE
Pennsylvania
Erie
Crandard Oil
Greene
Ananea
Arumberland
Ely
Nevada
Lake
Vyoaukeor
Alaska
Davis
Dominion
Beit
United
Almers
Ciandara Mira
Foreign Market News and Stock Exchange Dampened
April reports from London and Paris indicate dull trading on the stock exchanges. Prices were firm for money market instruments while foreign securities eased due to lack of investment demand. Continent markets supported low-priced issues as anticipation built around major financial announcements.
MENTIONED IN THIS ARTICLE
Ao _LONDO
Exchange
Pennsylvania
New York
Steed Hi
Paris
James McCrea
Pennsylvania Railroad Company
New York and
London Stock Exchanges
Bank of England weekly reserve figures show mixed changes
The Bank of England reports a weekly reserve rise of 764 600 with bullion up 169 859 and government securities up 103 000. Public deposits fell 205 000 while other deposits grew 21 340 000 and notes reserve increased 856 000. The reserve ratio stands at about 52 percent versus 60.06 percent last week.
MENTIONED IN THIS ARTICLE
LONON
Bank of England
Bank of France Weekly Statement Highlights Changes
The Paris Bank of France report shows notes in circulation down 106.875 million francs while Treasury deposits rise 28 million and general deposits increase 56.025 million. Gold on hand grows 24.625 million, silver increases 2.95 million, bills discounted fall 89.175 million, and advances drop 14.9 million.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
France
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M. D. Morton F
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Styles Frank Tilford Owln
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TULY
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Dadé
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B. Blunt
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