Booming Stock Market Pushes Major Advances
Closing prices for key securities show broad gains with notable increases in Manhattan 4s, Reading and South Pac 4s, and Wabash, while Tokyo and Chicago listings reflect mixed moves. In Europe, German data reveal shifts in cash, treasury notes, and circulating notes as francs and marks fluctuate.
MENTIONED IN THIS ARTICLE
Bkiyn
Manhattan
RI & P
F & Icombs
South Pac
Col & S
UN Pac
GER& W
Stock Market Rall follows Venezuelan settlement and corn drop
The market opened higher after overnight news signaling a near end to the Venezuela dispute, aided by a 40 cent corn price drop that boosts exports. Banks expect a strong weekly statement, with heavy loan activity and optimism about time money while the $50 million funds pool remains a safeguard against a broader market squeeze.
MENTIONED IN THIS ARTICLE
Wevernight
Venezuela
United States
Chicago
Seaboard
Wall Street
Stock Exchange
Bull Market
Government Bonds Market Steady and Railroad Bonds Strong
Market steady for government bonds with final quotations listed for several issues including 2s and 4s from 1930, 1907, 1925 and others with varied registrations and coupons. Railroad bonds show market strength with total par sales of 3,420,000, led by Central Pacific 4s and Pacific lines, plus numerous active issues across railroads and utilities.
MENTIONED IN THIS ARTICLE
US. Ss. 1904.Cmu
Central Pacific
Chicago
Rock Island
Manhattan Consolidated
Missouri Pacific Trust
Oregon Short Line
Reading General
St. Louis
Iron Mountain
Southern General
Southern Pacific
Union Pacific First
Wabash
Colorado Fuel and Iron
Consolidated Tobacco
Bank of England Reserve Changes and France Note Circulation
The Bank of England weekly report shows reserve falls by 483000 pounds while circulation rises 35000, bullion drops 44647, other securities down 226000, other deposits down 910000, public deposits up 300000, notes reserve down 28000, and government securities up 9000. Reserve ratio falls to 44.09 percent. discount rate holds at 4 percent. The Bank of France notes in circulation rise 17200000 francs in the weekly report from Paris.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Treasury
London
Bank of England
Paris
Bank of France
Treasury Ac
Stock Exchange Money Market Report Summary
Money on call opened at 5 1 4 percent, highest 5 percent, last loan 4 1 2 percent. Time money quoted 6 1 2 percent for sixty to ninety days and 6 percent for four to six months. Foreign exchange closed steady with various bid rates and bank posted rates. Domestic and international money markets show mixed call and discount rates with several national receipts and expenditures reported.
MENTIONED IN THIS ARTICLE
Belgium
Switzerland
Germany
reichsmarks + alse
Holland Gutliers
New Orleans
San Francisco
Telegraph
Boston
Charleston
Chicago
Cincinnati
Savannah
New York
Baltimore
Philadelphia
London
Berlin
Berlin Exchange
Paris
Paris Exchange
Madrid
Lisbon
Buenos Aires
Washington
National Bank
Sub-Treasury
Clearing House
Railroad and Other Stocks Market Report 1942 Closure
Daily stock summary shows 942 159 total sales with scattered gains and losses. Montreal and Boston copper shares traded around 10 006 shares, Greene Consolidated 500 at 54 2 5, Tennessee Copper 17, Consolidated Refrigerating up to 6, Manhattan Transit about 5 000 shares at 54 4, Storage Power and Hackensack Meadows quoted, Distillers' Securities 15 000 at 74 75, Standard Milling bonds 78 1 6, Cuban 6s down 3, Houston Oil down 4 points at 8. Market closed generally steady.
MENTIONED IN THIS ARTICLE
Montreal
Boston
Greene Consolidated
Tennessee Copper
Consolidated
Manhattan Transit
S. Hackensack Meadows
Standard Milling
Houston Oil
Ask Locomotive
Adams Express
Albany & Susans
Ugar
Allis Chaim Bc
T& SF
BTM
Amer Agrae
Amer Hide & Ls
Pacific
Ches & Ohio
Amer
Mil & St P
Col Fuel & Iron
Bsiyeo
Southern Arm
den & Rio G
Det Southern
IAM
Central
Amer Express
Louis & Nash
Manhattan
Met Streec
Amer Linsee
Kan & T
Aera
Mo_ Pacifi
Amer Malti
Bey Aola
North & West
Pacific Mail
Pennania
Wits “Lo
People’s Gas
American Sun
Rock Island A As ‘A
Az Vis
Amer Tel & Tel
Tenn Coal & Iron
Texas Pac
Amer Woollen
Union Pacific
RBIS
T S Steel
Ann Arbor
Wabash
Aste
Asso
Pteo
West Uni
Atchison
Wis Central
Balt & Ohio
Eklyn Rap
Brunswick Ey St
Buff R & Pitts
Butterick Co
Canada South
Canadian Pacific
Hes & Ohio Ally
Isabella
ASA
Risa
HAY
Det & Hudson
Tie Ie
Gr. St
Detroit
S & Ad
City
Mitneis Central
Iowa Central
Keck & S& M
F & Western
Long Island
Linn St Louis
Misurt Pacific
Ie Morris & Pesex
Biult
New Cent Coal
Lack & W
Norfolk & West
Ontario
Pacific Coast
Pacificai
Penn RR
Peoria
Pea Gas & Coke
Pere Marquette
Pcce & St L
Kois
Rock Island
Rome
Rutland
Jos & Gri
St L & San Fr
St Louis
Southern Pacific
Southern RR
Rope & T
Tenn Coal & Ir
Tol Ry & Light
Texas & Pact
Do Land Trust
Third Ave
Union Pacifi
U S
Wisconsin
American Book Co
American Thread Co
Amer. Press Association
Soda Foun
Amoda
Barney & S
Bay State
Borden
British Columbia
F&ars
H. B
F&a
Dominion Securities
LEE
Enpire Steel Co
Empire Steel
Inter
Apa
I International
J. B. Stetson
M. Tad
Lorillard
Madison Square Garden
Mergenthaler Linois
National Enamel & Stamp
National Enamel
England
Consol Ice
BE. R. Ferry- Qu ~ Loan & Imp J. Tei
Bement-Pond Com
Northern Securities
Otis Elevator
Qi Pacific Packing & Nav
Secone
Atr
Simmons
Andard Flour Mill
Bonds
Canadian Pacific Swift & Co
Tennessee
Trenton Potteries
Chesapeake and Ohto
Union Typewriter
A&o
Chicago and
Eastern
Illinois
Wee Union Typewriter
Universal Tobacco
Denver and
Rio Grande
Ur Shipbuilding
R . Shipbuilding
Evansville
Indianapolis - Shipbuilding
Westinghouse
Worthington
Ma&wNn
White Knob
Terre Haute
Hocking Valley
Weett
Der
Iowa
Kanawha
Michigan
Kansas
Minneapolis
Aney ST Lortss
Rio Grand
Texas and
Pat
Watt
Toledo
Ohio
Alabama
Cincinnati
California
Northwetern
SIZ Inc
DTS Glas Inc
Dec Sea
Can Inc
Saab
Manistee
Northeaster
Tal Dee
Ania
Dasa Taeas
Inc
Taha
Logan
Sisco Dev
Charres Oe Seaenes BO
Eeceassuce Ske Te Inc
Bonds Snapshot From Newark Market Note
Market notes show Aspoof Am Ss 20 Newark Pass 48.116 1A Ind P By Cons 108 102 People's Trac 45.104 105 N J Con Ss 1aT 10743 Union Trac 48. 97% 8 Nat Asphalt.
MENTIONED IN THIS ARTICLE
Aspoof Am
Newark
Ind
People’s Trac
Union Trac
New-York
Ny&e BK
Am L & Tr
Ua Lind Gas
Ms Balt
Buffalo Gas
Fos C Gas Co
Cheqgl&f
Isnege&c
P Gas & C
Omen Celez
O & Ind Gas
O & Ind Gas És A Ot Do Con 6S. Beese 14 'Pat & Pas
Pitts
Col
St Jo
N J
Denver
Lt & Tr
Ae Light
Gr Raj
Ind N & C
Wall Street Reports Foreign Trading and Market Updates
London account transactions ran near 46 000 shares with 30 000 buys and short covering in Southern Pacific. Quotations list many common and preferred issues including Amalgamated Copper Anaconda American Ice Atchison Erie Reading Fifth etc. Also notes new stock listings and a cotton exchange holiday vote while naming officers and dividends across multiple firms.
MENTIONED IN THIS ARTICLE
London
Southern Pacific
Amalgamated Copper
Anaconda
American Ice
Atchison Common
Brooklyn Rapid Transit
Baltimore and Ohio
Chicago
Colorado Fuel
Delaware and Hudson
Erie
Louisville and Nashville
Manhattan
Missouri Pacific
New York Central
Northwestern
Norfolk and Western
People’s Gas
Reading
Rock Island
St. Paul
Southern Railway
Sugar
Tennessee Coal and Tron
Union Pacific
United States Steel
United States Leather
Wabash
Western Union
Republic Steel
NEW York Exchange
Stanley D. McGraw
Edward H. Jewell
The
Stock Exchange
Buffalo, Rochester and Pittsburg Railway Company
Distillers’ Securities Corpora
Indian Bank Rate Raised in Calcutta
Calcutta December 18 The Bank of Bengal today increased its discount rate from 4 to 5 percent. The adjustment affects financing costs for merchants and borrowers in the region as financial institutions align with evolving market conditions.
MENTIONED IN THIS ARTICLE
Calcutta
Bank of Bengal
Outside Securities Activity Mixed Amid Gains in Key Issues
Market mood firmed for outside securities while overall dealing declined, with late manipulated shares softening. Northern Securities rose over 1 percent, Seaboard Air Line issues strengthened on light trading, and American Can common advanced to 87 but coal and coke lagged. Standard Oil gained nine points on light turnover as New Orleans Railway improved, with small bond activity and mixed prices across several issues.
MENTIONED IN THIS ARTICLE
Seaboard Air Line
Virginia
New Orleans
Guaranteed Stocks Quotations From Joseph Walker Sons
Quotations for guaranteed stocks are furnished by Joseph Walker and Sons of No 2 Broad Street. The note appears in a financial column listing investment prices and market movements for the day.
MENTIONED IN THIS ARTICLE
Joseph Walker & Sons
Trade in Chicago Wheat Futures Amid Holiday Bearishness
Wheat prices weakened with December leading losses as liquidation dominated amid strong opening. Receipts rose to 790000 bushels and clearances reached 225000. Minneapolis noted 10 percent Manitoba content. one mill bought 2,000,000 bushels to ease local competition. New York saw selling led by Champlin and local holders.
MENTIONED IN THIS ARTICLE
Tribune- Chicago
Liverpool
Jae
Tosc
Minneapolis
Manitoba
Bend
New York
Champlin
Patten
Egore Wat
Also Mentioned on This Page
Nash & Chatt
Amc & F
Nyc&stl
Nort & West
North Am Co
Top &Sf
Pacific Mall
Peo G
Penn R
Brooklyn RT
Canadian Pac
Ey Ches & Olto
M & St
Oes Co F&l
Col & South
LSW
den & RG
Avenee Gay
Southern Rg 322
Tel & Hudson
Southern Pact
Texas & Pacific
Evans & T Hthe
Gt North P
S Realty & C
Babe
Thiincis
Mt Kan City South
Wabash Oa
Zoule & Nash
E. Met Star
West
RSS Menhatten
W & LE
Missouri Pac
Wis Central Ma
Foreign Bank Returns
American Securities Abroad
Money and Exchange
Genante
Va &S
Kan City
Ian Do
Mo K & le Ib
Do Ist Inc
N J Gan
Cc & O
Nyc & St L
Do & A
Nor & W
Nor P
C& Ets
Col & So
F &T
M&m
Ean Penn
West ‘Shore
Wilkes & E
de Haven & Townsend
Wall St
North Penn
Phila Co
Ty Cambria Steel
Penn Steel
Enieless
Penn el Veh Co
Elec St Bat Co
Phila Elec Co
Elec fAm.oe
Phila R T
Fmt Park T Co
Phila & E Ins Co
Sus Iron & Ste
Lehigh Navashe
Tidewater Steel
Lehigh Val R R
Cos
Vaive Traction
Consolidated Exchange Sales
Ae & Co
Wall-st
Lake Street
Union Traction
Northwestern Post
Wall Street and Exchanges
New York Cotton Exchange
American Locomotive Company
S. R. Callaway
A. J. Pitkin
R. J. Cross
Leigh Best
C. B. Denny
E. Patterson
Spencer Trask & Co
Magooun Bros. & Co
Magoun Bros. & Co
Wallst
Francis P. Magoun
Edward V. van Drezer
New York Air Brake Company
National Park Bank
Manufacturers’ Trust Company
American Telephone and Telegraph Company
Procter & Gamble Company
Metropolitana Wings Bank
Washington Savings Bank
Mercantile Trust Company
Hall Signal Company
Norfolk and Southern Railroad Company
United States Mortgage and Trust Company
Washington Trust Company
American Shipbuilding Company
General Chemical Company
Hudson Realty Company
Real Estate Trust Company
Outside Securities
Frederic H. Hatch
Albany & Susq
Sas Alleg & West
R & Css Sas M7
Augusta & Sav
Gaa
S&s
Beech Creek Cny
AIN Yc& H
Em Air Line
Nynh i Cecdnn
B & Prom
Catawissa R R Pf
P & BR
Jags
Camden & Buri
Penn
Cayuga & Sus
Isae & Pitts
Olumbus & Xenia Sear
Dano & M YN
Das
Day & Mich
Cc H & D
del & B B
P & Read
del H&s
WitLs& Ms
Erie & Kal
LS & MS
Erie & Pittsburg
Enn
Fitchburg Pf
Franklin Tel Co
Jack L. & Sag
Kcsl&c
Miami
Lousana & M
Hay Mobile
Ohio South
Morris
Morris & Essex
Nash
Decatur
Nynh & Ff
Pitt
Benegle Steels
Am &Le&cs
Selal
NYNH
del & H
Ieee
Ridae
Ask
D. A
St .Acker, Merrall & Condit
Barney & Smith
Brooklyn Ferry
M&n
Hoboken L. & I. T&d
oToo International
Maine Steamship
Metropolitan Ferry
N. Y
en-York Biscuit
M &S
T &J Wu
Swift & Co
Trenton
M &N of
Tinton Ferry
Trust and Surety Companies
Clinton Gilbert
Capital
Alliance Realty
Ncue
Atlantic
Amer Surety ‘Co
Ba & Mtg Gr Co
Bowling Green
Broadway
Brooklyn
Rity ‘Co. Central
BA & T
SF. & Ano Ir
Continental
God
Colonial
T & In
Aa. Azz
MI Co
Morton Merchants
Mutual
Mutual Allian
BO 'S Surety Co
North Am Tr Co
Tia
Nassau
Y Lin & Tr
J. & D. Lis N . Security & T
Mtg & Sec
Realty Associates Openmen
United States Nod
van Norden
Rr. J
Williamsburo
Windsor
R. L. Day & Co
Nassau St
Bost & Albany
Nynh&h
Old Colony
Franklin
West End
Mass Elee Cos
Tel & T
New-Eng
Hasta Parrot
Quincy
Tamarack
Westing
Ewn Wolverine
Dom Iron & Stl
Dominion Coal
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