Market Rallies After Break as Copper Stocks Weaken
The Washington Post reports a volatile session with early declines giving way to a rally as short covering lifted shares across sectors. Traders cite heavy call money, tax payments upcoming, and mixed signals from bonds and oils, with notable strength in Studebaker and American Can while copper and sugar stocks remained weak.
MENTIONED IN THIS ARTICLE
Otal
Washington Post
New York
U. S. Steel
Baldwin
Nean Petroleum
Bethlehem
Great Northern
Northern Pacific
Petron
Studebaker
Cen
Studeer and
Woolen
Call Money
New York Central
Great Northern Preferred
Prairie Oil and Gas Company
Texas
Sinclair
Financial talks hint at lower money rates amid London banks
International bankers watch London as Spain Uruguay and the South African Union secure accommodations with no underwriting fees. In New York the money market shows steady time loans and high ruling rates amid hopes Britain may resume as a global lender.
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Dent
California Fruit Growers Association
London
Spain
Uruguay
South African Union
New York
Great Britain
Greece
Sweden
Norway
Montreal
Eee
Sharp Advances in Mexican Bonds and New State Issues
Foreign markets show Mexican government bonds rallying from 47% to 50% as fatigue in other areas persists. US and Canadian funding moves include $70 million in state and municipal issues with New Jersey, Michigan, Pennsylvania, and Chicago offerings. Ottawa bonds and Ontario loans loom.
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Washington Post
New York
Liberty Bonds
Victory
New Jersey
State of Michigan
State of Pennsylvania
City of Chicago
State of New Jersey
Michigan
Oil Quotations and Trade Figures from Oil City
Oil City reports credit balances showing 33 runs and an average of 60,143. Shipments total 63,618 with an 8R0 average. The list reflects daily oil price quotations and financial indicators for the period.
MENTIONED IN THIS ARTICLE
Oil City
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