Optimistic Railway Peace Hopes Amid Market Uncertainty
The Washington Post reports July 21 that traders mixed optimism on railroad peace with broad market unease. Rail shares led early activity as investors weighed wage awards and potential strike actions, while sugar stocks and other issues faced selling pressure.
MENTIONED IN THIS ARTICLE
Washington Post
Kew Fork
Prien
Chengo
Wall Street
New York curb trading boosts Simms Petroleum and majors
Active curb trading featured Simms Petroleum advancing after yesterday, with National 611 and General Asphalt rising amid contracts and capacity news. Leetone Petroleum moved strongly after its listing. White Oil favorable. Thompson lease No 7 output up. multiple wells added. mixed action in Shell Transport, International Petroleum, and Tropical Oil. minor paper stocks showed small gains.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Simms Petroleum
National
Leetone Petroleum
Esterday
Momer Field
Oklahoma
White Oil Corporation
Thompson
Shell
Shelly OU
International Petroleum
Hetvuns
Liberty Bonds Rally Amid Market Shakeout On War Loans
Demand for liberty bonds and victory notes surged, pushing prices from around 30 cents to over 50 cents as 44, 4 and 4 1/2 per cent issues gained. Rumors of Treasury buying support circulated, while government loans showed a recent shakeout and a rebound looked likely. Virginia Brown Bros certificates rose to a new high, and Japanese first 41.3 bonds drew steady inquiries as activity centered on rail bond issues and wage-scale expectations.
MENTIONED IN THIS ARTICLE
Bears
Punta
Cuba
Washington
New York
Liberty
Victory
Treasury
Virginia
Southern Pacific
Southern Railway
Denver & Rio Grande
St Lews & San Francisco
Western Iion Telegraph
Hudison & Manhattan Railroad
Interstate Coromerce Commission
Downtown
Uptown
Bonds Sold and Dividends Declared by Firms
The bonds have all been sold and offered to the public at 101 percent. Directors of Middle States Oil declare a quarterly cash dividend of 4 percent payable October 1, 1920 to stockholders of record September 16, 1920. Lindsay Light Company declares a 2 percent dividend on common stock payable August 31 to stockholders of record July 31. No dividend was paid for the first quarter of this year. Remich, Hodges & Co offer a new issue of 1.5 million dollars. State of Oregon highway gold due 3.5 million with six months from October 1, 1925 to April 1, 1945 at yields 5.30 to 5.60 percent on long to short maturities.
MENTIONED IN THIS ARTICLE
Middle States Oil
Lindsay Light Company
Remich, Hodges & Co
State of Oregon
New York Money Market Update July 21
New York money markets report 60 day bills at 3 7 81 percent with bank bills 3 78 commercial discounts and cables. Rates for francs Belgian francs and guilders show varied demand while New York exchange on Montreal stands at 12 percent. Government bonds firm railroads irregular time loans strong call money steady high to low 8 offered 7 last loan 8 bank acceptances 6 percent.
MENTIONED IN THIS ARTICLE
York
Mercandie
New York Exchange
Montreal
Philadelphia Markets July 21 Prices and Supplies
Philadelphia market report shows oats and poultry mixed, with white oats around 1.26 for No 2, higher firats and Western extra firsts around 12 to 62 for various grades. Live broiling chickens steady to lower, white leghorns 25, potatoes lower in Southern No 3 and Jersey baskets priced 150 to 175 per basket.
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Philadelphia
Jersey
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13Th
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