Traction bonds hold strength in uneven market
Market experts foresee major upward movement in traction bonds while foreign issues remain steady. notes discuss irregularities in rail/industrial bonds, shrinking liquidity, and the impact of wartime credit expansion on prices. influential analysts warn price levels may stay high for years and urge immediate adjustment by businesses. the report cites rail stock declines, freight traffic drops, and the broader shift in credit and commodity prices.
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Palion
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Pennsylvania Hall Road
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Irving Fisher
Department of Labor
de- Bervas
New York Cotton Market Shows Strength and Highs
New York reports rising cotton prices with May at 24.35 and gains across old and new style contracts. Strong delivery and heavy realisations near session end push futures higher, while regional port movements and interior tonnage show active movement and crossings.
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Live Stock Markets and Financial Notices Across Markets
New York reports cattle and calves with varied prices and steady receipts while Chicago hogs rise about 50 cents. beef steers and yearlings show mixed gains. The issue also lists the Jefferson Standard Life Insurance balance sheet and a broad dairy and grain price survey across Maryland Pennsylvania Ohio and Virginia with multiple regional quotes.
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