Market Session Dull as Wall Street Awaits Antitrust Decisions
Special to The Washington Post New York Dec 31 Bank reserves fell by 3.71 million while deposits rose about 17.9 million and loans up 10.45 million as year end transfers and trust preparations shaped markets. Stock activity was thin with major moves only in United States steel and Western Maryland amid antitrust期 cases awaited by Sherman, Standard Oil, and American Tobacco. The outlook remained cautious but no signs of dividend cuts or drastic revenue changes, with prices low and bonds in demand as optimism for 1924 grows.
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Wall Street Gossip December 31 Market Outlook
Special to The Washington Post from New York reports markets closing for the week and Europe. Brokers foresee easy money, a revived bond market, and cautious stock purchases amid Sherman law worries. Bank clearings fall year over year, railcar surplus shifts, and several exchanges see firings and retirements amid rate disputes and wage increases.
New York Bank Clearing Figures Show Reserve Surplus
New York banks report a weekly clearance surplus of 7.84 million above reserve requirements, down 2.24 million from last week. Daily averages show loans at 1.24 billion, circulation 47.73 million, reserve 308.24 million, with required reserves at 306.40 million and a modest rise in the reserve figure.
New York Bond Market Ends Week With Reserve Decline
The New York clearing house banks finish the week and year with a net reserve drop of about 3.71 million, due largely to a 17.07 million rise in deposits. Loans rose 13.99 million as banks expanded lending on seasonally strong interest and dividend activity amid relatively flat cash gains. The daily average shows a surplus near 6.19 million under actual conditions, with state banks posting minor changes and calling for cautious funds rates amid January expectations.
MENTIONED IN THIS ARTICLE
U. S
U.S
New York
New York Learing House
Lark Clearing House
Tom
Banka
Hermai
New York Produce Prices and Market Updates
New York markets show mixed prices across commodities including butter cheese eggs and poultry. Grain flour and sugar futures steady with holiday trading lull. metals section notes tin copper lead and zinc values as quiet with no major changes.
Second Contest Rules and Corrections for Elimination Puzzle
The article outlines the second contest conditions, ties handling, and prize distribution based on accuracy. It lists additional winners and a long errata of name corrections with addresses, noting delays due to the large entry volume and time limits for submissions from across regions.
MENTIONED IN THIS ARTICLE
Panama
California
Chicago Grain Prices Rise Amid Mixed Wheat Outlook
The Chicago grain market closed higher on mixed signals from Canada and Europe. Wheat harvest revisions to 147,929,000 bushels north of the U S border supported prices, while France rains and Punjab cold dampened risk. May options finished up with modest gains. cash and other commodities showed limited activity amid holidays.
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