Majority of Bonds Record New Gains in Tokyo Market
The Tokyo bond market saw a majority of issues post gains while some slips occurred. Investors tracked local yields as trades shifted amid modest inflation signals and policy expectations.
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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 15, 1922
Page
7
The Tokyo bond market saw a majority of issues post gains while some slips occurred. Investors tracked local yields as trades shifted amid modest inflation signals and policy expectations.
New York market notes a firm bond day with many issues at high or near highs. Sinclair Consolidated Oils 45 million issue is twice oversubscribed. Foreign loans show activity, including Danish Dutch East Indies and Swiss issues. Russian currency remains weak.
A strong, broad curb market led by oil shares and high activity with Mex oil companies and Cities Service. New high prices appeared in several issues while industrials and tobacco showed mixed results and markets absorbed bulges with ease.
New York on March 14 shows varied foreign exchange rates with demand and cable figures for Great Britain France Belgium Greece and other nations. Closing rates list Britain at 4.38 percent demand and 4.22 percent on cables, with several 60 day bills on banks and other currencies noted.
New York money market notes show call money steady at high 4 and low 4 with closing bids around 34 and offers at 4. Time loans for 60 days and 90 days quoted at 4 percent, six months at 4 percent. Prime mercantile paper at 4 percent. Foreign bar silver at 63 percent, Mexican dollars at 48 percent.
Paris on March 14 saw heavy prices on the Bourse with three per cent rentes at 69 fr 35c and the Five per cent loan at 78 fr 95c. Exchange on London stood at 48 fr 93c, while the dollar quoted at 11 fr 4c.
New York markets show firm creamery receipts at various scores and ranges for eggs and poultry. Live broilers and turkeys sold irregularly by express, with steady or unchanged prices, while raw sugar and flour futures hold mixed levels and terms.
The market shows chopper steady for electrolytic metals with tin easing. Iron prices unchanged, lead steady, zinc quiet with East St. Louis delivery. London copper spot and futures move, tin and lead quotes rise in pounds and shillings, zinc also quoted with futures.
An outline on financial satire and trading strategies titled Stock Tarot. Notes that a party named Ghenlar holds 100 shares and references Roberts and Co. R2ryak in a cryptic context.
London market steadier amid mixed signals as sterling weakeness and exchange shifts influence bonds and currencies. Industrials improve while iron and engineering stay idle. foreign and Mexican stocks show slight gains. Cottonseed oil prices rise with crude and summer yellow futures noted for March 14 in New York.
A Department of Agriculture report shows wheat and wheat flour surpassed cotton in export value for 1921, with wheat and related products leading as the nation’s top agricultural exports. Corn, rice, and pork products also posted gains, while rye, oats, and beef declined in quantity.
Credit balances stand at 8.25 with Rune 63,678, average 50,40. Shipments total 96,742 with average in.
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