Reading the Day of Wild Fluctuations Report
Central New York market chaos describes a 2,259,200 share day with Reading stock surging nearly eleven points on rumors of Harriman control. Analysts cite oversold conditions and mixed opinions on readings, with broader market gains offset by a volatile late session and uncertain railroad implications.
MENTIONED IN THIS ARTICLE
Reading
Runters
Harriman
Washington Post
New York
Canadian Pacific
Brooklyn Rapid Transit
Reading stock surge amid rumors of control change
Wall Street notes a Reading rally as 2.14 million shares trade in six days amid speculation that Frick may gain control and raise dividends. Traders cite coal trade strength, while copper stocks and United States Steel experience sharp moves driven by rumors and counterplays in a volatile market.
MENTIONED IN THIS ARTICLE
Wall Street
Stock Exchange
General Business Ag
Washington Post
New York
Reading
Frick
Baltimore
Ohio
Lake Shore
Canadian Pacific
London
Harriman
United States Steel
Midvale Steel Company
District of Columbia
Congress
New York Bond Market Mixed Yardstick Across Commodities
New York bond and stock figures show a broad list of issues with varied activity. London tin and copper markets moved differently with spot and futures quotes, while domestic copper, lead, and zinc prices fluctuated. Oil and fuel markets in North Lima Indiana and Pittsburgh areas reported steady shipments and credit balances, with daily runs and averages noted.
MENTIONED IN THIS ARTICLE
New York
Mar
London
Tower
Witt Boot
Standard Foundry
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Northert Ia
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Foundry
Southern
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City
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