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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Apr 26, 1924

Page

4

Foreign stock gains on short covering rally

New York April 26 prices advanced sharply on the stock exchange as short covering continued on a broad basis. The rally lifted most issues to new highs for the day with gains in steel, motors, oils, and rails while call money held around 3 to 3 1/2 percent and European exchanges showed modest gains.

Washington Post New York Stock Exchange Advapte Loom Bethlehem and Republic Ceactbie Gulf Otis Steel Preferred Youngstown Steel and Tube Baldwin Locomotive American Can Baldwin Studebaker Mack Truck Tere Marquatta New York Central St Louis Union Pacific Southern Pacific Norfolk and Western Eries St. Paul Consolidated Stock Exchange Baltimore and Ohio Wes Chesapeake and Ohio Atlantic Coast Line Texas and Pacific Wheeling and Lake Erie Southern Railway Gulf States Bree Coos Cela United States Steel

Wall Street Gossip and Industry Updates

News notes reflect Missouri Pacific’s move to gain control of the New Orleans Texas and Mexico railroad via an 18 percent stock stake at $120 a share, plus conditions for a 26 percent holding. Executive resignations, corporate profits, and shipping policy comments frame a broad business snapshot.

Sen Lotr Orleana Misaouri Paelfe B I. Bush The Missouri Pacific Willams

Foreign exchange rates and market notes in New York

Irregular foreign exchange quotations from New York on April 25 show demand figures for Britain France Italy and other nations with cables and spot rates. The Victor Talking Machine Company reports a 1933 surplus of 6.6 million dollars versus 2.8 million the year prior amid broader market activity and rail and steel sector movements.

New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugoslavia Austria Reyumenia Argentina Tokyo Montreal HunwacyDemand Cabler Victor Talking Machine Comn Jy Dany

New York Money Market and Cottonseed Oil Market

The report notes April money market in New York with rates around 3 percent and 8 percent on various loans, accepts, and collateral terms. It also covers cottonseed oil trading with crude prices near 8.50 to 8.62, prime summer yellow spot at 9.80, and futures for May to October showing changes.

New York

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