Market Rally Fatigued by Fed Talk and Steel Notes
A broad rally in shares faced distinct pressure during most sessions as investors weighed anticipated Fed action and a possible tariff shift. Steel and Reading led gains while Union Pacific showed strength. cash and bond markets remained robust overall with rail and industrial names showing activity. Traders cited moderate turnover and renewed interest in metals and railroad stocks amid cautious optimism.
MENTIONED IN THIS ARTICLE
Steel
Reading
Union Pacificc
New York
Bank Clearings in New York Week Ended January 4
New York bank clearings total 5.403 billion dollars for the week ended January 4, compared with 259 million the prior week and 219.2 million in the same week last year. The report lists a partial index of city figures and mentions credit defences and shipments, with scattered OCR errors in places.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Wall Street Gossip on London-Made Trust Plan and Wabash Bonds
A London cablesay says major financiers plan a $50,000,000 trust to back African mineral ventures, Rhodesian mining cited. The attempted Wabash second mortgage bond protective committee was dropped after New York bankers assured no bond distribution. Wabash bonds trade near 96 1 3, with 5 percent coupons and 3 point rise since early receivership chatter. Sears Roebuck reports December sales up 4 percent year over year and annual gross near $6.6 billion. Detroit Terminal and Tunnel mortgage bonds, $14 million, sought listing. Michigan Zentral unit involved.
MENTIONED IN THIS ARTICLE
New York
I New York Bankera
Miasla
Bankera
Ion
Holgere
Wabadh Railroad Company
Dhera
New York Banking House
Sears, Roebuck & Co
The
Stock Exchange
Detroit Terminal
Michigan Zentral
Washington Stock Exchange ends quiet with few sales
Volume declined with total sales only 25 shares and 3500 dollars in bonds as stock offerings were scarce. Washington Railway and Electric rose to a new high while others held firm. after call sales were limited and quotes held. Bond activity remained firm but inactive with a few small issues traded.
MENTIONED IN THIS ARTICLE
Washington Stock Eixchangs
Washington Railway and Electric Common
Call
Jemie
Washington Gas
Welal
Lanston
United States Trust
Washington Railway and Electric
Potomac Elea
New York Produce Prices Mixed Across Staples
Wholesale market notes show butter steady with varied grades, eggs in ample supply, poultry steady, flour and lard quoted, andCottonseed oil prices fluctuating. Vegetables and fruits remain in uneven demand as receipts shift, with several regional signals from Pennsylvania and Florida.
MENTIONED IN THIS ARTICLE
New York
Recelphy
Alry
Renney
Kim
McOnfa
Bash
Petyglvania
Nesty Hennery
Pennsylvania
Hennery
Prion Mommer
Eury
Janary
Cordova
Legapieys
Florida
Leres
Virginia
West Virginia
Southwest Virginia
Browels
Henvier
Steel Mills Start Up Aids Trade As Year Opens
New York January starts with rising business confidence in iron and steel dry goods and export trade in cotton goods. Firms resume operations, blast furnaces expand capacity, and prices rise. Dry goods houses push spring fabrics, overcoatings secure orders, and chinchillas head for fall demand. Week ending January 4 shows 319 business failures, up from earlier weeks.
MENTIONED IN THIS ARTICLE
Chinchillas
New York, Jan
R. G. Dun & Co
Pittsburgh
Baste
Bessemer
New England
Emory House Sold on Connecticut Avenue to Be Converted
The former Emory U S A rear admiral residence at 2201 Connecticut avenue sold for 125000 to an investor. Plans call for two new store and office structures on a 1 1/2 acre lot fronting Connecticut avenue and Eighteenth Street opposite the British embassy. The sale, handled by Storr Coban, relocates a notable social site once used by Philadelphia Mayor John E Reyburn.
MENTIONED IN THIS ARTICLE
New York
Monsier
Connecticut Avenue
Dupont
Emory
Storr & Coban
Washington
Church of the Covenant
John E. Reyburn
Philadelphia
Congress
Eighteenth Street
Story & Cobb
Army and Navy Coub
Walter
Staunton, Va
Philadelphia Markets Prices and Commodities Report
Philadelphia markets report for January 5 lists wheat and corn futures in export elevators with steady to firm quotes, butter and eggs moving higher, cheese steady, poultry prices varying by category, and potatoes quoted by Jersey and New York markets. Included are no clear dates beyond January 5 and multiple commodity notes across dairy, produce, and meat products.
MENTIONED IN THIS ARTICLE
Philadelphia
Pennsylvania
New York
Jersey
Baltimore
Jen
Neryland
Penmsylvania
Astern Shore
Maryland Hoa
Jousoff
Tutter—Creamery
Tency
Aeger
Obio Rolla
West Virginie
Sian Lend
Virginie
Markets Wrap Mixed as Commodities Edge Higher
Jan 5 report from Beeves and Calves shows receipts up with veal steady and other calves firm. Sheep and lambs strong with gains noted in New York. Copper and London markets show tentative improvements amid broad commodity activity.
MENTIONED IN THIS ARTICLE
Doem
Rowe
Elty Arensed Vents
ANB
Recaiats
Atrong
Icupba Fini
Nominai Kix
York
Jan
Sodard Conser
Fim
Besvea
London
Aisples
Steedis
C. & C. May Gain Road
A New York syndicate led by Newman Erb is said to seek control of the Pere Marquette Realroad with J. P. Morgan & Co. influencing, though holding under 5 percent. If successful, Pere Marquette would be folded into the Chesapeake and Ohio system, expanding it by about 2400 miles via the Hocking Valley line at Toledo.
MENTIONED IN THIS ARTICLE
New Fork
Jan
Newman Erb and Associates
West
Northwest
Pere Marquette Realroad
J.P. Morgan & Co
Erb
Pere Marquette
Chesapeake and Ohio
Hocking Valley
Toledo
New York Grain Market Snapshot Shows Wheat Activity
Wheat price moves steady for No 1 red on export basis while afloat No 1 Northern Duluth at 1.21 per bushel. Futures rise on Argentine news then ease. May near 1.05, July around 1.00. Receipts 9,600 bushels, shipments 51.40, coastal export steady as markets close with mixed signals.
MENTIONED IN THIS ARTICLE
New York
Duluth
Bullich
Xo Uct
Fef
Chipmients
Standard
White
Eliet
Baltimore Markets Reported Grain and Livestock Prices
The Baltimore market notes wide ranges in wheat and corn contracts, flour and dairy products, poultry, and turkey prices. Commodity listings include brand names, grading terms, and varying per unit costs across Pennsylvania Maryland and Virginia suppliers with regional dairy and poultry figures.
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Gould
Lehigh Valley
Mewnek
Fedrai
Lehigh Salley
Vsial Sivas
Seta
Dlathnet
St Paul
Inigether
Joan Cuntachon
Yooviea
Inc
Washington Stock Exchange
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TTA
United States
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Treasury
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Trust Fonds
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Boston
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Ol City
Tats Lenn
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Lobiy
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Elec
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I Learker
Org. Rurale
United State
Trust
Tenaga En Bleung
Franklin Fear Lu Vgate
Hlee
MD & Ro
Seng & & Ry
Besharanliy
Mayia
Washington Gas Fa
Tale
Erg Capital Traction Co
LOPE
Yruser
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Tg Bary
Pti
Norley le
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Telegraph
Paula
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NEW York Stock Market
Kan
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Ray
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Ang
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iAm
Ped
Sca Securities
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Kans
T. B
Bry O
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Tel
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Aye
Stali nFurs
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Chi
Northwest'n
Rock Inland Co
Bla Bon
Chi Mil
St. P
St. L
3. F. Nfa
Chino Copper
Southwest
Deac
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Cole
Fuel and Tron
Hga
as-Shef
Col
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R. G
Texas
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Am al T
St TL
W. Pf
Pirie
Wawlunion Pacific
aTing
Erte Ist
Union Pacific
Cae
ABA
General Weetrie
Croscfield Con
AYAG
Ory
Great Northern Pit Are
U. 9
Stes
Jangten
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Maryland
Gil International Paper
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Sre
Wheeling and
L. B
W. B. Hibbs & Co
Haneid
Hibbs Bullii
Local Financial
J. R. Bennen
J. Leo Kalb
L R
Bennen
Seventh Street Southwest
Re. Lillan P. Carll
P. C. Day
J. Louta Village Company
Charles W. King
Iuelld Street
Preston C. Day
Murray
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Ove
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Stack
Net
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Continent
Sapan
Mexico
Bet
Frence
Conttnent
Japan
Eive Stock Markets
Bai
U. S
Chicago Grain
Jane
Argentina
Park
Ribe
Lewis Hotel Company
GEO. A. Fuller Company
Pennsylvania Ave
18Th and
Hsts
Hotel Powhatan
Clifford
Harold Lewis
Munford & Lurton Co
Bankers
17Th St
Pris
Georges Creek
J. Maury Dove Company
F and 12Th Sts
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Lewis Johnson & Co
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John A. Jornston
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TC. O
National Savings and Trust Company
N. Y. Ave
Equitable
Equitable Co-Operative Building Association
District
Swartzell, Rheem
Hensey Co
Fifteenth Street
N. W
C. Wheeler & Co
Woodward
Whitley "Estes
Fulton
Brooktra