Market Activity Gathers Steam Amid Presidential Downbeat Sentiment
Participation rose on the stock exchange as prices swung up amid mixed signals from the presidential message to Congress. Steel stocks led the day with indepents like Lackawanna facing near term questions on dividends versus past profits, while offshore markets and currencies held steady amid uncertainty about wage costs and railway rate changes.
MENTIONED IN THIS ARTICLE
Brourt
West
New York
Congress
Wallacreet
Coma
Reprbtic Steel
lackaWanna Steel
Stecks
TOY A. Pertainty
Allon
Tondon
Sterling Exchange
Lackawanna
Tackawatin
Steel Comanion
Oils In Demand and Market Tone In New York Trade
New York April 12 Rough curb market lingering in firmer winded tone with outside demand for leading issues. Eureka Crosses, Boston and Albany moves noted as investors expect listings on the New York Stock Exchange. Wheat, sugar and metals reported with varied changes. Chicago hogs and cattle markets show weakness amid rising costs and tepid demand, while sheep markets hold steadier.
MENTIONED IN THIS ARTICLE
New ‘York
Maruenio
Ins
Aus
Eureka
Boston
Alcvuyn
Womness
Sinclair
New York Stock Exchange
Supreme Court ruling boosts utility shares in Texas San Antonio case
Public utility shares rose after the Supreme Court upheld a Texas district court judgment enjoining San Antonio from enforcing a five cent fare with transfers as confiscatory. New York reaction was muted amid doubt on similarities with Texas. Gas stocks rallied as the ruling suggested higher gas rates may stand.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
Texas District Court
San Antonio
Texas
Consolidated Gas
Peoples Gas
T.waik
New York Bond Sales Today Report Total 19.4 Million
New York bond market shows total sales on the stock exchange of 19,402,000 with 6,277,000 the previous day and 71,460,000 for the four week period. Yearly comparisons include 16,041,000 eight years ago and 19,794,000 two years ago, with year to date at 806,782,000 versus 1,177,937,000 last year and 950,797,000 the year before. A complete table follows detailing each security’s high, low and closing prices.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Clark Dies and Warsaw Relief Dispute Reported
Harvey C. Clark, 52, ex adjutant general of Missouri National Guard, dies in a St Louis hospital after illness. In Warsaw, officials clash over belief work as conflicts threaten relief operations by the American Jewish Relief Committee and its staff.
MENTIONED IN THIS ARTICLE
Hai €. Clark
St. Louis
Harvey C. Clark
Nava
Missouri National Guard
Fronmen Agitin
Warsaw
Joint Distribution ‘Committee
American Jewish Relief
Traders Take Bull Side and Continue Advance in Cotton
News from London and New Orleans supports a firmer tone as cotton futures rise amid optimism on demand. Domestic consumption of 75,000 bales in March contrasts with February and last year, while New Orleans prices climb and exports remain debated.
MENTIONED IN THIS ARTICLE
New York
London
National
Congress
Notting
Rade
Wholesale Market Prices and Financial Rates Report
Wholesale markets show staple prices per pound and per dozen for vegetables and fruits. Financial data from New York on mercantile paper exchange rates and bank bills, along with commodity quotes for cottonseed, tobacco, and poultry markets, are listed.
Predict Steel Cut Announced By United States Steel
A New York report indicates United States Steel Corporation plans a quotient cut around April 22 with possible price reductions of 12 percent and a nine hour workday shift. Real estate and rental income bolster United States Realty stock as bonds are retired. Tire companies anticipate five months of active business due to open winter demand and inventory reduction. Wheat and grain markets in Kansas City and Chicago show lower bids and unsettled futures as receipts rise.
MENTIONED IN THIS ARTICLE
Salta
Tiort
Mai
Vrat
Tata
Belmont
Teansagra
Alfrad Packer
Buty Bay
Armour Ca
Goodrich
Greaniaory Pating
Atandaras
Morrla Co
Tilia
Kansas
Ig 'Sane
Tawan
Davis Dally
Walvetio
Mwitt & Go
Walworth Gardiner
Kasras City Shudlok
Tee Kanene Chy
Tr. C. Cdls
M.S
Lean
Myers Is
ATS
Myers
WWE + bored Co
Takorg Ib i A
Ae Midy
Waek Co
Silas
Bell GS
Pac. G. & HE
Guy
Shez
Brp
Vietory Ter
Be Tb
Bub
Victory
S.c.&s
Slrs Inc
Bret Athe
Belgium
S. SW
Ss. W
Berne
Jay Gs Rae
Cop
Christiania
Lyons
Zurich
Paris
Bigs
Dd. C
Csem Ag
Third
U. P
Denmark
Norway
Tae U
Thubber BA
Vinh P
Gov
Caro
W. Ik
Stan
Wabash
Sin Wahrgh
Max. Na
Ae West Md
Vivnee Meay
West
Pac
West Shore
West Sh
Wilson & Co
Alyt Law
Close, Wilson & Co
Smyth
Don Eve
A. Udal
S. Vott
Ren
Ren & Oy
Bey Ally
Gibby
Galveston
Ry. Ca
Poston Abbas
T&t
Tor
Palin Amd
Mans
Houston
Wader
New York
RY R. Sa
Cihan Am
Detroit
Tom
Atta
Bisse
Erle Eve
Ih & M
Indiana Steel Ge
United States
Jolandge Giary
Steel Corporation
Unites States
United States Realty
Liquidation drives grain markets to further decline
Chicago and St Louis reports describe liquidation pressure pushing wheat and corn to new lows, with cash mispricing and large short coverings. Export demand and German offers add to volatility as weather stays favorable and shipping activity shifts. May and July futures show wide spreads amid ongoing liquidation.
MENTIONED IN THIS ARTICLE
Chicago
Germanny
Atge
Corn Products Company
Milwaukee
Mareket
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Phene