Recovery in Stock Market Sees Gains Across Indexes
Closing prices yesterday of the principal active securities show modest gains with several blue chips advancing while some tech shares eased. Net changes from Saturday's close indicate a firmer tone as traders weighed earnings and macro signals.
Wall Street Opens Sluggish Then Recovers Amid Pool Talk
Opening stock prices fell on heavy selling from out-of-town traders, with declines in Missouri Pacific, Union Pacific, St. Paul, and New York Central. A later report of a $50,000,000 money pool formed by large bankers prompted a rally though no loans were made. Treasury policy and bank reserves shape hopes for future liquidity as imports and exports for November show mixed signals.
MENTIONED IN THIS ARTICLE
Missouri Pacific
Union Pacific
St. Paul
New York Central
United States
McKinley
Secretary of the Treasury
Wall Street
Shaw
Bond Market Roundup From Government and Railroad Issues
Government bonds showed a steady market with final quotations listed for UB 26,1930 reg and cou terms, US Treasuries across several issues, and a note on various U S 5s and 4s from 1904 to 1925. Railroad bonds were irregular with par value sales totaling 5,138,000, led by Atchison general 4s and a range of class A issue notes from major railroads and Canadian affiliates, plus several convertible and debenture instruments actively traded.
MENTIONED IN THIS ARTICLE
C& St
PM & M
Mont Toe
Col
Do Inc Singuixs
Tenn C I & R
Doe
Tex & P
Tan
Gaon Pac
Erie
W & DC
Kan
LS &M
L& N Uni
W & LE
U.S
Atchison General
Baltimore and
Ohio
Prt
Central of Georgia
Chicago
Burlington and Quincy
Rock Island
Money Market and Exchange Rates Report
The money market shows call money opening at 19 percent, peaking at 10 percent, closing at 4 percent with a 7 percent ruling rate. Time money quoted at 7.2812 percent for short dates and 6 percent for six to seven months. Commercial paper around 6 percent for 60 to 90 days. Foreign exchange reads a weak market with various closing rates for sterling, francs, marks, guilders, and Swiss francs. Bank clearings list major city exchanges and balances. Government receipts and sub-treasury positions noted, with daily and year-to-date totals and excess figures.
MENTIONED IN THIS ARTICLE
Reichsmar
New Orleans
San Francisco
Boston
Charleston
Chicago
Cincinnati
Savannah
New York
Baltimore
Philadelphia
London
Berlin
Berlin Exchange
Paris
Paris Exchange
Madrid
Idibon
Buenos Ayres
Washington
National Bank
Sub-Treasury
Clearing House
Sugar Prices Reduced and Financial Notices
Sugar prices for refined sugars fell by 10 points to 4.85 cents per pound. The United Box Board and Paper Co acquired control of several selling agencies in Chicago, Boston, New York, Philadelphia, and Cincinnati, ending duplicates in those markets. A loan plan for Consolidated Lake Superior may be secured by stock and product of Algoma Steel. The Western Maryland Syndicate set the final instalment date for December 2 instead of December 31. The Exploration Company of New York declared a 5 per share semi-annual dividend payable January 15. Deposits for the Denver Gas and Electric plan extended to January 2, 1903. Charles Elliott Warren named treasurer of Erie and Kalamazoo Railroad Company, succeeding Benjamin Knower.
MENTIONED IN THIS ARTICLE
Amalgamated Copper
Anaconda
American Ice
Atchison
Brooklyn Rapid Transit
Baltimore and Ohio
Chicago
Colorado Fuel and Iron
Delaware and Hudson
Erie
First
Louisville and Nashville
Manhattan
Missouri Pacific
New York Central
Northwestern
Norfolk and Western
People’s Gas
Reading First
Rock Island
St. Paul
Southern Railway
Southern Pacific
Sugar
Tennessee Coal and Iron
Union Pacific
United States Steel
United States Leather
Republic Steel
Wabash
Western Union
United Box Board and Paper Company
Strawboard Company
Boston Strawboard Company
Boston
Manhattan Strawboard Company
New York
Philadelphia Strawboard Company
Philadelphia
Queen City Paper Company
Cincinnati
United Box Board Company
Consolidated Lake Superior
Consolidated Lake Superior Company
Algoma Steel Company
Western Maryland Syndicate
Western Maryland Railroad Company
Exploration Company of New York
Denver Gas and Electric Company
Co. E. Warren
Benjamin Knower
Charles Elliot Warren
Lincoln National Bank
Erie and Kalamazoo Railroad Company
Erie and Kalamazoo Railroad Company of Michigan
Lake Shore and Michigan Southern Railroad System
Lincoln Bank
Wall Street Trading Report and Stock Loan Note
London bought about 2 000 shares in this market and sold practically none. Purchases mainly covered short contracts. Final loan quotations indicate ongoing activity in stock lending markets.
MENTIONED IN THIS ARTICLE
Eee Wall Street and Exchanges
London
Outside Securities Market Drifts With Mixed Early Losses
Activity remained broad with little overall improvement as prices stayed heavy. Northern Securities led the pull, with slight late strength and scattered advances in Otis Elevator, American Writing Paper, and United Copper among others. Trading volume hovered around 11,000 shares while several issues showed modest declines and some rallies in a generally irregular close.
MENTIONED IN THIS ARTICLE
Northern Securities
Seaboard Air Line Preferred
American Writing Paper
Otis Elevator Common
Virginia Coal and Coke
Tennessee
Montreal
Boston
British Columbia
Greene Copper
United Copper
Bay State Jas
Standard Oil
Hackensack Meadows
North American Lumber and Pulp
United States Steel Ss
National Enamelling Common
American Can Preferred
Also Mentioned on This Page
New York City
Bronx
Columbia
Fourteenth Street
Hamilton
One
Mount Morri
Riverside
Yorkville
Oe Fidelity Anheriae Watelle
Bank of Wash
Unite
National
Borough of
Brooklyn
Bedford
Bien Cap
Zee
Nassau National
North Side
Sean Ae Tee
Sprague
First National
Jersey City
Hudson County Nat
Second National
Third National
Eens
Soo
Hoboken
First National Seceee
Ocoece
Commerce
American Securities Abroad
Nat of
Mexico
Ort & West
Penn
Frooklvn
Hic Gt West
Ist L&sf
Col & South de S St Lev
Teel & Hudson
At&e& Fg
Cen Ist Inc
FR & O
Oregon
CF &I
Consol
New
New York York
Ch'ges
Atchiso
Ann Sas
Anasonda
Canadian Pacific
St Paul
Nork Central
Aelvania
Aig
Southe Pacifi
Ana Union Pacific
THE
Stock Exchange
Ask
Adams Express
Albany & Sus
Allis Cham
Rte
Amer Agr Chem
SOS Acres Hide & L. A
Eeaians
Amer Ric
Am Gar & Fudry
T & Cable
Am & Tel
Ann Arbor
jAsso
Brunswick
Buff R . Pitts
Canada South
Ches & Hic
Chie Gt West
Ind & Louis
PM & C
Gonj.c
Cc & St
Iro
Coli & Southeay
Col & HC & Ir
Ing. i
del & Hudson
Ey Coggeh
de Lac
Car & F
Deny & Rio Gr
Am Lee
Ah Poe
M & Ft Dd
Detroit Sothern
Top & Uts
United
Balt & Ohio
Atlia
Ches & Obio
Chi & Alton
Fay
Evans & TH
Col Southern
BOs _ Ft
Tllinois
Louis & Nash
Gen Electric Co
Rss
Hocking Valley
Mo Kan & Tex
Central Ont & W
Pennsylvania
BO Peoples
Iowa
Southwest
Tenn Coal & Iron
Texas Pacific
Tol St LL
Union Pacific Ie
Laclede
S Steel Aery
LE A& Western Mn
Wisconsin
Michigan
Union Pac
Yuri Ithe
Morris
Ogs
Norfolk & West
North Americn
Northern
Ilver
Ontario Coast
Acific
Pacific Mail
Penn-K R
Peoria & Feast
Poo Gas & Coke
Pere Marquette
Woip CO
Pullman
Rens & Sara
Rep Iron & Cor
Rome
Rutland R R
St Jos & Gr I
L & San Fr. Oy
Southern
Do & Oct Bois
Twin City Rtr
Iron Bag &P
Ae Inv Co
Wells Fargoais
West Union
Westingh
Wis
Consolidated Exchange Sales
Way Best & Belcher
Cal & Va
Soo Norcras
Nevada
Iomete
Money and Exchange
R. L. Day & Co
Nassau St
Bost & Albany
Boston & Me
Boston Elev
Atlantic Mire&bus
Arcadian
Bingham Mi
Fitchburg
Ead
Cal & Hecla
Nynh & H
West End St Ry
Franklin
Mohawk
Tel & T Co
Dom
Tracy & Co
Wall-st
Chicago Street Railway
Styal
Lake Street
South Side
Cccess
crIrry
Morille
Jackson
Kansas
Dee ST Louis
Alabama
Detroit United Railway
Outside Securities
Areca
Orewerseccese Ae
Eveceseve Wees Seeene
Pratt & Whitney
Procter & Gamble
William E. Nichols & Co
Wall St
Ass Securities Co Consols
Facial
Manhat Transit
Simmons Hardware
M & B Cop Co
P&a
Nat B
Cuba
Teledac
Nat'l Sugar
mpson-Crawford Coenaee
Singer
Stan
Mill. Co
iPac
P& Com
St Ferry
Weller & Co
Consol St Bat
Weller
Dls
Pioneer Min Co
Trenton Potteries
Roy
St Il
Trenton
San Fran
Seaboard Air L
Eoner
Sia
Lumber Greene Con Co
Ry. of St. Ll
Gage Expl Co
Ry. of
St. L
Tob. Co
Tr Trans
Inter Marine
Keystone
Westinghouse Air Con
Worthington Pump
Majestic
Walist
lAsk
American Elevated Co
Amer
Aight & Trac
Amer. Valley Co
Aberdeen
American Thread Co
Jt&s
American
F&a
Bliss EB. W. Co
Buss
E. W. Co
Celluloid Company
Empire
Empire S. Sugar
Gorham Manuf
Hudson River Telwees
Hall Signal
Herring H. M
Herring
H. M. Co
Herring H. M. Co
Inter
Engcom
Power
A&o Inter. Elevating Co
J.B
Stetson
A&dj
J. B. Stetson
Lanston
Maine
Madison
Garden
M&wn
National Cereal Milling
National Enamel & Stamp
National Frame
N. Y
N.S. & Cee
Gramoneers North Platte Con
Old Dominion &. S
Pitts. Bess. & L
Ferry Companies
Brooklyn Ferry
Hoboken Ferry
E Ewes
M. & Do Stock Co
Q.-M
Union F of
Nyen
Bidacute
Calvary Cem & G
I & Gpt
Lorimer
Grand St & N
Jamaica
W & Fi
Sea Beach
Yonkers
Met
BS & FF RR Co
Ecere & D
Esecereres & D
J &F
Us Bway SR
J.&d
Ry Jones J_& J
A & Is
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