Market Upturn for Copper Stocks and Rails Decline
Heavy gains for equipment shares and copper stocks contrasted with a general holiday dullness. United Drug led with a four point rise as Anaconda and Utah rallied on stock offers. rails and certain lines weakened on anticipated freight rate cuts. The market showed mixed strength with cautious sentiment and notable gains in Texas Gulf Sulphur while rail shares slid on broader rate expectations and tax-related losses, amid a volatile but largely cheerful tone.
MENTIONED IN THIS ARTICLE
Washington Post
New York
American Locomotive
Baldwin
Thenaconda
Anaconda
American Smelting
Utah
United Drug
Texas
Chicago
Northeastern
Federal Reserve System
Foreign exchange and money market report from New York
Curbstone transactions show foreign exchange quotes including Great Britain at 4.1854 bid cables 4.19 and 60 day bills on banks 4.15. France 7.0314 cables 7.94, Italy 4.44 and cables 44.14, Germany 5.2347 and 53. Silver and Mexican dollars noted. Call money easier with ruling rate 5? and call loans 435 b. Time loans firm at 5.60% to 5.90% with 6 months at Be?. Prime mercantile paper 5 5 4%. Foreign bar silver 64% and Brazilian/Argentine rates listed.
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New “York
Great Britain
France
Italy
Belgium
Germany
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Brazil
Argentina
Montreal
Prime Mercantile
Bond Sales On New York Exchange December 23 1821
Reported via direct New York Washington wire by Redmond Coen par and exchange. Corn products declined after the announcement while steel stocks face bearish trader sentiment. Gold shipments total 32 1/2 million on Adriatic arrival. Kuhn Loeb sees 1.426 million Finland due Jan 3. yearly imports to Kuhn Loeb total 15.34 million. Unfilled steel orders expected to rise, but earnings outlook for steel firms may soften later quarter. Oil quotations show balances 4.00, with Huns 52 072, shipments 54 626.
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NEW York Exchange
New York-Washington
Redmond & Co
Coen
Adriatic
Kuhn, Loeb & Co
Finland
Oil City
Curb Market Review Shows Holiday Quiet On New York Exchange
Special to The Washington Post reports holiday style trading on the New York curb exchange with narrow fluctuations. Petroleum stocks led the moves with Cities Service sliding early from 197 to 188 before rebounding to 198, Imperial Oil of Canada dipping to 103 then rising to 104, and Standard Oil of Indiana rallying after a weak start. Maracaibo edged down to 20 before bouncing to 21 while Elk Basin held at 6 32, Imperial Oil of Delaware traded 9 44 to 9, and International Petroleum stayed steady amid minor changes across industrials.
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Washington Post
New York
New York Curb Exchange
Cities
Imperial Oil of
Canada
Standard Oil
Indiana
Maracaibo
Elk Basin
Delaware
International Petroleum
Metal market wrap in New York copper and lead steady
New York copper and lead prices held steady on December 23 with electrolytic copper spot at 733 14, timely quotes for tim e and tin futures near 173 pounds. Lead traded quiet with spot 4.70 to 4.80 and zinc around 27 7s 6d in London markets.
MENTIONED IN THIS ARTICLE
New York
St. Louis
London—Standard Co
London Market Review Mixed Activity as Holidays Quiet Markets
London firms showed a firm tone yet subdued activity amid holiday thinning. Gilt-edged and foreign bonds were largely inactive while home rails showed no price changes. industrials weakened with iron and engineering firms. Dollar rails eased, Mexican Eagles rose slightly, and mining shares improved amid tighter credit and higher money rates.
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Stock Exchange
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the Public Ledger Co
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R. R
Hatian
Ae R. Pt
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ATTY
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del & Hudso
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Ind
Goodrich
S Realty
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REDAY
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Enue
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Cor
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la Rose Min
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