Market gains fade after early surge in broad advance
Wall Street opens with gains on hopes peace pact will promote prosperity. Royal Dutch led the board with a sharp rise while International Paper, Tobacco Products and Marine issues hit new highs. Rails firmed as oils and metals drove activity, though Southern Pacific lagged.
MENTIONED IN THIS ARTICLE
Speviel
New York
League of Nations
Royal Dutch
Wurley
Shipping Board
Southern Pacific
Mexico
Market swings and corporate actions hit the New York curb
Broad Street saw an arbitrary market for Philip Morris stock after Tobacco Products Company announced a purchase, with the issue trading near par and rising privileges. Keystones and other equities moved, while war stocks showed quiet activity. In Chicago, corn and oats prices fell amid profit taking and expected demand shifts, with provisions tumbling from earlier highs as traders reassessed shipping and weather risks.
MENTIONED IN THIS ARTICLE
Offa
Mavine
Royal Dutch
Baal
International
Philip Morris & Co
Baldwin
F. W. Woolworth Company
RTS
Shattuck- Arizons
Chandler Motor
Chandler
General Motors
American International
Exchange
the New Haven
Washington Post
New York
Broad Street
Philip Morris
Tobacco Products Company
Tobacco Products i
Keystone Tire
Lurten Motors
Intercontinental
General Asphalt
British American Tobacco
Banks Sealea
Gillette Safety Razor
Aetna
New York Cotton Prices Rise on January Demand Surge
Domestic January consumption beat expectations supporting early market advance. May futures climbed to 21.85 before retreating as ceilings narrowed to 21.33 and settled at 21.45, up modestly from yesterday. Old crop deliveries edged higher while later months held steady to down slightly.
MENTIONED IN THIS ARTICLE
Chicago
Wilson
Germany
New York
Virginia Debt and Russian Bonds Stir Markets
The Virginia debt settlement talks gain traction with a proposed 1.1 million cash appropriation and 20 year bonds at 3.75 percent to swap for existing bonds, totaling about 14.33 million. Russian internal 64s see active trading in mature coupons though many certificates remain unregistered, while steel prices face anticipated cuts and British buyers eye lower costs as export trade prospects grow.
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Dintillera Be
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Pittsburgh
Philadelphia Markets Report Clipped by Damaged Text
On City Pa Feb 14 credit balances tunes 98 864 averages 60 aus shipments 45704 average 1c a
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