Wide Range in Prices N. & W. Dividend Disappoints
The Washington Post New York desk reports broad market moves with rails leading declines after a mixed session. Norfolk and Western keeps its 3 percent dividend, renewing investor skepticism about broader gains. rumors of L and N lease to Atlantic Coast Line are denied. wheat and Northern Securities shares dominate chatter as market volatility persists.
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Wall Street Gossips on Bull Run and Northwest Rails
Special to The Washington Post from New York on April 26 reports renewed bullish sentiment as Northwestern rail stocks led the price recovery. Equitable settlement quieted discord, but late trading showed volatility. Norfolk and Western dividend disappointment spurred a bear move while investors weighed Panama Canal policy and stock transfer tax effects.
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New York Bond Market Wraps With Broad Certificate Listings
New York April 26 Mooney on call firm 2 3 percent closing bid 2 1 2 percent. time loans steady with sixty days at 3 4 percent. prime mercantile paper 4 4 1 2 percent. Sterling exchange firm in bankers' bins at 4 54064 8645 for demand and 4 81500 4 5455 for sixty day bills. Bar silver steady. government bonds steady.
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Market Rally Lifts Stocks Amid Renewed Confidence
A sudden shift in sentiment spurred a bullish rush on Washington area issues with prices climbing across bonds and equities. Washington Railway preferred stock leaps three points to 414 as demand remains strong. American Security and Trust, Union Trust, Mergenthaler and Gas stocks show broad gains amid renewed market optimism and expectations of a prosperous year ahead.
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Market Report Wheat Corn and Oats Prices Fall on Weakness
New York trading today shows wheat sliding to new lows after initial support from Texas rust talk and Southwest buying. May futures around 93 to 95 cents, July near 88 to 89. Corn and oats follow with steady to weak closes as liquidation and favorable weather weigh on feed grains. Receipts and exports cited include 7,000 bushels of wheat, 4,500 bushels of corn, and large corn exports at 276,027 bushels.
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Wheat and market declines drive Chicago grain drop in April
Chicago led by heavy liquidation in wheat May and July deliveries as prices slumped about 2 cents per bushel amid persistent wet conditions in the West and Southwest. May opened higher, later fell, while July weakened further. corn and oats also softened with provisions down modestly. Bucklen's Arnica Balm ad follows.
Market Summary Tugs Wheat Corn and Hog Prices
Primary receipts totaled 388 600 bushels of wheat and 183 500 bushels a year ago with Minneapolis Duluth and Chicago receipts at 179 cars, up from last week. May delivery renewed, July opened slightly higher, then fell, closing around 46 1 2 cents. Oats weakened on July liquidation. hog prices declined with pork and lard sliding amid weak provisions. Cotton futures in New York saw a muted demand, drives by rains and acreage reports, with prices slipping after early rallies and Liverpool parity concerns.
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New York Cotton Prices Rise on Covering then Dip
The New York cotton market opened firm and advanced on covering and better cables, but slipped to a net decline as the day wore on. Spot demand appeared steadier in Liverpool while South weather remained favorable, with expectations of lower Carolina acreage and talks of free spot selling. closes with a net rise of 3.9 points and estimated 376,000 bales sold.
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Baltimore Markets Bulk Grain and Futures Data
Market notes from Baltimore dated April 24 show dull receipts with 2,818 barrels of flour exported and 199 barrels on the spot. Wheat is steady with No 2 red Western bids around mid nineties, various April July and September bids. Corn remains firm on spot and futures with steamer grades and by-sample results. continued on page thirteen.
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