Softness Extends To Specialty List In Market Decline
London and New York trading show broad weakness across oils and chemicals as Mexican Petroleum and Bun American retreat. Transportation costs and wage pressures weigh on rail shares while banks report mixed support. Treasury rate hints at easier money, but investors stay cautious as heavy selling pressures persist into late session.
MENTIONED IN THIS ARTICLE
Lingtom Moat
New York
Mexican
Phe
Moston Vonne
Penge
Washington
Portington
National Tity Bank
London
India
Amiants ‘Trust
Chis
Secretary of Treasury
Wellons
Treasury
Brit- SA Treasury
Washington Love
Brainess
Parib
Slams
Merritt
Elk Ragin
Guffey-Gillespie
Columbian Emerald
Fay Petroleum
Shorts
Texas Rompasy Ghia
Peter A Drury
Merchants Bank
Jdeck
New York Grain Market Report March 11
New York spot grain mixed with gains and declines as demand surges for several favorites. Hard red and manttobs trade near offering levels with modest strength. Durent and Dur gems show gains. Mining issues active. Huréka Croesus hits new high. Lenton Montana and Florence Goldfield post advances while bonds stay quiet.
MENTIONED IN THIS ARTICLE
New York
Low
United
Braamahlp
United States
Reta] Candy
Jautet Reynolds
Taaues
Huréka Croesus
Lenton
Montana
Florence
Beate
Pennsylvania
Fearby Waatern Hennery
Porto
Middle West
Pressure on Railroad Bonds Relies Heavy in Market Update
Foreign and domestic bond markets fluctuate as railroads face demand shifts. New York reports weaker Pennsylvania issues and rail bonds July 13, with Liberty bonds absorbing tax pressures. Industrials hold better while foreign government notes swing, and Chicago grain reacts to industrial disruption.
MENTIONED IN THIS ARTICLE
Moezies
Washington Post
York
Northern Pacific
Chicago Great Western
St. Loui
San Francisco
Pennsylvania
Pennsylvania General
New York Central
United States Rubber
Midvale
Liberty
Haui
United Kingdom
City of Zurich
Hudson
Manhattan
Railroads drain on treasury and banking sector grows
The article details heavy railroad payments under the postwar transportation act, with Secretary Mellon estimating about 200 million dollars required this month, aiding carriers but boosting floating debt. It notes rising Treasury borrowing, bank deposits shrinking, and stock moves for Capital Traction amid broader financial indicators and tax collection activity.
MENTIONED IN THIS ARTICLE
E. Boomer, Jr
Treasury
Mellon
Interstate Commerce Commission
Senate committee backs long term securities for savings banks
The Senate committee on reconstruction recommends legislation to allow a portion of deposits in national bank savings departments to be invested in long term securities and mortgage notes. The aim is to increase security for savers and aid in providing homes for the country.
MENTIONED IN THIS ARTICLE
Senate
Tae Savings
National Bank
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Oxford
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Fifteenth St. N.W
Washington, D. C
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15Th Street