Sugar and steel stocks lift as markets gain steam
The market showed a firm undertone with broad demand for most issues including sugar and steel shares. Utilities and rails advanced, while money eased and foreign exchanges weakened. Freeport Texas rose sharply on sulfur stock interest and a favorable market mood, with conglomerates like International Nickel and U S S Cast Iron Pipe seeing activity and buying support.
New York Stock Exchange Speculates on Rail Bonds
Speculative buying pushed Jersey Heights above two dollars as investors bet on a higher dividend from four to six dollars at the next meeting. Phillips Petroleum reports 940 producing wells and rising earnings, while Maxwell Motors drives West and Southwest demand. News touches Burns Brothers, locomotives, Mexican and Pan American Petroleum, Willys-Overland finances, and potential Belgium loan talks as rails debates test excess clause legality.
MENTIONED IN THIS ARTICLE
Jersey
Phillips Petroleum
Haa
Maxwell Motors Corporation
Burnes Bros. A and B
New York Stock Exchanges
Burns Brothers A
Belgium
Railroads
Chespacake
Ohio
Missouri Pactfie
Union Pacific
New York Central
Bessemer and Lake Erie Railroad
United States Steel Corporation
Chesapeake Ands Ole
Buffalo
Rochester
Pittsburgh
Southern Pacific
Delaware
Lackawanna and
Western
The
Public, Ledger Co
New York Money Market and Foreign Securities Quiet
Financial news from New York on March 2 reports a quieter bond market with steady to firm prices on government loans, stronger activity in speculative rails and industrial mortgages, and a mixed stock trading day. Norway 8s reach new highs, while traction issues see active movement in Denver and Rio Grande bonds and Missouri Kansas Texas rails. Interest payments on Avenue adjustments noted, with yields drifting around 4.46 percent for 1924 bonds and above 108 for 1924 securities, as investors weigh near-term opportunities.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Flouse Ways and Means Committee
Senate
Tiement Holdings
Pasaing Af
Slnga Sheffield Iron
Stasi Preferred
Stock Exchange
Norway
Denver
Rilo’ Grande
Missouri
Kansas
Texas
Pat Wali
Paris Money Market Slumps Amid Heavy Bond Prices
Paris March 2 Prices were heavy on the bourse today. Three per cent rentes BR 20c. Exchange on London 48fr 4c. Five per cent loan 78fr 95c. The dollar quoted at 10fr 9844c. Financial news notes market weakness and currency shifts.
MENTIONED IN THIS ARTICLE
Paris
London
Chicago Grain Market Ends Higher on European Demand
Chicago grain prices rose as foreign buying supported wheat and corn. May wheat advanced to 146 to 146 a strong finish, while July held near 1.22. Provisions fluctuated with hogs and grain, and European purchases, including durum, buoyed values amid talk of a $30 million Russia loan.
MENTIONED IN THIS ARTICLE
Chicago
Europe
United States
Italy
Russia
Senate Agricultural Committee
Washington
Liverpool
Wit
Wees
Metal and grain markets steady in New York reports
Copper advanced to 132% 18 and 127% 13 for nearby and futures as tin and zinc show firm prices. Lead remains steady while antimony and other metals post mixed quotes. In grains, spot wheat holds firm with No 2 red and hard at 1.60 1 1 64, corn and oats also steady with No 2 yellow and white at 78 78 and 50 cents respectively.
MENTIONED IN THIS ARTICLE
New York
Manitoba
Handsome new offices on first floor and basement
Modern throughout. Very desirable location. For full particulars apply 1414 16 Eye St NW. Temporary Location.
MENTIONED IN THIS ARTICLE
St. N.W
Also Mentioned on This Page
Freeport
Atlantic Gulf
West Indies
International Nickel
Charles Hayden
Robert ©. Stanley
Mr. Bostwick
Financial District
Texaes
Texas Gulf
U. S&s
de Lavaud
Chandler
Chandler Motors
Corpuidttoh
Naw
Seu Ateiae
NEW York Stock Exchange
Lima
Baldwin
American Locomotive
Kirby
Petroleum Company
Thompson
Mexia
Mexican Petroleum
Pan-American Petroleum
Detroleum Common
Pen- American Petroleum Company
Willys-Overland
Willys-Overland Corporation
Io Revolving Credit
mij‘Holt
Lom
Adams Xpress
Lee
Rumely
Lehigh Valley
Rumel
Lige. & My
Loew's, Inc., Inc
Allis-Chal
Mig
Loft
Loniard
Louis & Nash
McIntyre
Bough
Ates
Manhattan Shirt
St. Ry
Mar. St. Ry. R. Pe
An Pf
Mar. St. Ry
Marland
Poor Martin Parry
Reese
Maxwell
Maxwell Moat
B. Ep. Ie
Am. H.& Express
Oath
Hosa
Am. & L.pt. Bay
Miam
Intepna
Middle States
la Trance
Midvale Steel
Bene
Wn. CO
St L
Sp, & §. 3. 69 70 70 16,700|Am. Safety Ie
Na. & Tex Ak
KK. & Tex
Apt. Wi
Arr
Am. Smelti
Sm. Se Pr
Pacine
Saute
Pacific Pf
Montana
Steel
Mont. Wari
Ural
Mullings
Natl
Cloak & Ss
Rae
Hinam
Tob
Pf. New
Toe
Nevada
Congo
Woolen Bb Ag
N. Ge Tex
Zing & Ld
Am. Zing & Li
N. OO
Ann Arbor
Ausoc
D. G. Latoc
Rebane Werth
T. & Gan. Bowe
Norfolk & Western
SOC
Atla
Birm
North American
Pruit
Ah & A
North Amer
Ag Az
Atl
Guilt W
Rts
Atl G
Northern Pacific
Atlas Tack
Nova Scotia
Stone
Austin Nichol
OkIa, Pr
Amer
Taeer
Otis Steel
Oeal ‘Dwin
Pacific Mi
Owena Bot
Balto
P & Ohio
Pacific
Barno
Nileeen
API
Colo
Colo. & South
Sane
Royal Dutah
Columbia Gas Tee
Joseph Toad
Columbia Grap
Colum. Graph. Be. O
Foo St. L. Southw
St. L. Southwa
Consol
Gaa . Congo
Sears-Roebuck
Cosden & O. i
Seneca
Shell
Trad
Sinclair Consol
Sheffield
U.S
Davison Chem. Co
Panama
de Beers
Southern Railway
Del
Hudson
Deere & Co Pi
Southern Ry
Weston
Port Rece
W. B. Hibbs
Um W
Port Stocka
Stora O Il
Bremen
Hindicott Pt
Ban
Studebaker
Strombere
Coblenz
Erie
Cologne
Dresden
Superior
Oki
Sweeta Co
Am Ah Bog
Frankfort
Duesseldorf
Treasury
Fram
Superior Steel
Tee
Fish Tire
Tenn
Cowper & Ch
Hamburg
Breeport
Pac
Coal & O
Third Avenue
Leipzig
Motors
Munich
Motors Pl
Mar
Goodrich
Union Oi
Great Northa
Great Northn
Union Pacific P
Aylegm
Wleck
Ges
Greene-Cahanea
Guartanamo Guaer
Habiahaw
United Ry
Inv
Hartman Prp
Houston
Hupp Motors
Iowa_Central
Combuat
Eng
Interboro
Onsol
Bos i
Boston
Cons
U. Ss
Clement
S. Ungerleider, & Co
soolIntl Harvester
Harvester Ep
Boston & Meine
Mar. D
Cal
Arizona
Motor
Rick
Carson Hills
Vivadou, Inc
Ye Gopper Range
Davis-Dalyer
Wells Fargo
Gray & Davis
Marylan
Western Pacific
West
Mary
Island Creek Ob Too Jewel Tea Inc
Jones
Western Union
Kane
City South
Westinghouse
Kelly Sprake
Wheel
Cornelia
Collins
Kelsey Whee
White OH
Swift & Co
Wickwire
Swift
Wilson & Co
Ventura
Lake Dvie & W
Aft
S. Ungerleidér & Co
Ales
Close
Armour
Booth Fish
Cudahy
la Conth. Motors
Edison
Ji Libby McNeil
Ti Mont. Ward
Lea
New
Beever Board
I Swift
United Iron
Union Carbide
Wrigley
Crepti Lao ‘Thompsons
Represen
Cisse
AueOpSlitn Fauuek Andro Yel
Cor'ron
Lace
Broadway
Washington Office
Colorado Building
Telephone Main 1603
G.b.chipman Manager
Jbanks
Wauithigintioe
Felephahe
NEW York Grain
17Th St. Nuw
F. H. Smith Company
First Mortgages
UBS
Hee William
Bhillier
Mearteage Investments
New York Ave
Ehosee Fmw Mortgage
Ralph Ow. Lee &C Company
Alph W. Bi
SFSN
Riemer
Samuel Ungerleider
New Willard Hotel
James Sloan, Jr
Mgrs
Pittsburgh Stock Exchange
Cleveland Stock Exchange
Columbus Stock Exchange
Chicago Board of Trade
Leader-News
Cleveland, Ohio
Chamber of Commerce
Columbus
District of Columbia
National Metropolitan Bank Capital
15Th St
U. S. Treasury
Uncle Sam
Swartzell, Rheem & Hensey Co
15Th Street
N. W
Washington, D. C
J. P. Thompson
Fifth Ave
New York, N. Y