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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 29, 1919
Page
3
A noisy New York Stock Exchange session shows sustained upward price movement led by steel shares and related industrials. Traders report brisk demand for Am Can American Can and Am Steel issues as conflict over price levels persists. notable gains appear in Rumely and Anaconda listed equities amid broad industrial strength.
Bond markets remained active and firm with Liberty issues steady and foreign bonds mixed. Metals traded higher as copper and steel showed gains while money market conditions stayed cautious, reflecting pent up appetite but limited expansion.
Weakness in corn leads the Chicago grain complex as increased Argentine shipments and ample supplies press prices. May delivery slips from the recent highs while July and other grains also fall. Weather in the corn belt and strong stock levels offer brief rallies that fail to sustain, with traders reacting to a 200,000 bushel Argentine sale and ongoing bearish supply signals.
The New York cotton market finished irregularly with near months showing strength. May contracts rose from 24.30 to 24.80 cents, closing at 24.74, while the general list was steady to mixed, with gains of 18 to 20 points on the new and 16 to 20 points on the old style months. Futures figures for May, July, October, and December show varied activity across positions and months.
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