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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 09, 1923
Page
9
A Washington Market report notes uneven bond trading with gains in low priced issues and select industrials, while foreign government obligations remain irregular. Agriculture data forecast a 14% drop in winter wheat output from 1933, with grain and hay stocks projected at high levels for May.
New York May 4 The cotton market eased then steadied as selling lightened and May notices were absorbed. July rose to 24.11 and May advanced to 24.83, with late quotes near best levels as buyers covered. Weather and trade buying supported the market amid overall declines prior days and favorable Northwest temperatures.
Philadelphia markets report mixed dairy and flour figures with creamery goods showing varied quality and pricing. Prices for refined and semi refined dairy products list at different margins. freight costs and seasonal demand influence the market as values for eggs and cereals fluctuate across regions including New Jersey and Western henneries.
New York money markets show call money at high 4 percent and low around the ruling rate. Mixed collateral with short terms from 0 days to 8 months listed, with prime loans around 6 percent. Mexican silver activity noted, and attention to accepting banks and firms during the session.
Chicago markets show cattle receipts around 19 000 with steady to higher bids on select fat cattle and mixed hogs. Grain futures rise on government crop outlook while cash grain prices edge up led by wheat and corn amid firmer rail and market activity.
The Commerce Department estimated world cotton stocks at 12,910,000 bales and American stocks at 6,057,0?0. Eight months ending April 1 consumption put American use at 421,000 and world consumption at 16,281,000. July 31 stocks showed American 3,133,900 and world 4,959,400. 1922 American production was 9,937,000 bales and world production 17,745,000.
The Interstate Commerce Commission approved the organization plan for the Grayronis Nashville and Ashdown Railway, proposing an 80 mile line from Aghown to Shawmut in Arkansas. The new corporation will issue securities, with 306,000 to be pledged for a government loan, and 920,000 to be fed into Treasury. Additional cash of 108,008 will be used in rehabilitation with government aid.
The nominating committee of the Business Bureau appointed George B Outermayner chairman Benrend MA Leage L Goldheim and Stanlay Lengbarge to search candidates for officers and trustees. The board elected WB Hibbs & Company and the National Metropolitan Bank as member payroll entities.
New York May market rallied from recent heaviness with oi l shares and several industrials recovering. Indian Standard fell to a new low while Keystone and Kentucky oils slipped marginally. OW and Ona rose three points. Continental Imperial of Canada and Prairie Pipe dipped. Salt Creek and Mountain Prairie groups gained fractionally on a New Bradford payout note. Glen Aiden coal slumped to 69% then rebounded to 70. Durant materials stayed under pressure, closing around 41.4 after a prior retreat. Midwestern shares posted small gains amid otherwise mixed activity.
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