Rail and Industrial Stocks Put to Test in Uneven Market
A Wall Street round of irregular trading shows rail shares rising while industrials weaken. Investors digest the Pierce Arrow setback and Lehigh Valley segregation chatter as rail stocks lead gains and industrials face selling pressure. grains and cotton drift lower amid divergent regional signals.
Broad Street Curb Market Holds Mixed Small Moves
May 8 report from New York notes irregular but minor price changes on Broad Street Curb. Sweets Company dominates industrials with rising demand on earnings hints. United Retail Candy wags up 7 to 8. Motor stocks quiet with little Durant activity. Coal shares steady, lineups mixed with Amalgamated Leather and Acme Coal firmer late. Petroleum complex soft on overproduction fears with mixed hopes from refiners and smaller producers.
MENTIONED IN THIS ARTICLE
Washington West
New York
Broad Street
Sweets Company
March United
Stock Exchange
Durant Motors
Cleveland Auto
Peerless Motors
Southern Coal and Iron
Chicago
East Hitnels
Amalgamated Leather
Seling
Acme
Fishis
Anglo-American
Maracaibo
Simms Petroleum
Skelly
Pat Ba
International Petroleum and
Elk Basin
New York Stock Exchange Bond and Money Market Update
irregular bonds and time loans show steady iffy figures with 60 day and 6 month maturities. money on call remains firm with high around 6 percent and low near 6 percent, closing bid at 61. last loan 6 percent and bank acceptances listed at 6 percent.
Milwaukee Railway and Light sells bonds and market holds
The Milwaukee Electric Railway and Light Company issued 5,000,000 in 20 year 7 percent refunding and first mortgage bonds to yield about 8 percent. The sale was led by Dillon, Read & Co with Harris, Forbes & Co and Spencer, Trask & Co. Other offerings include Drew-Levick 6 percent sinking fund bonds. Cincinnati and other markets reported no bids on municipal issue.
MENTIONED IN THIS ARTICLE
England
France
Belgium
Italy
Germany
Japan
American Writing Paper Company
Milwaukee Railway and Light Company
Washington Post
New York
Northern Pacific- Great Northern
Reserve Bank
Railway Labor Board
Milwaukee Electric Railway
Jand Light Company
Dillon, Read & Co
Wice
Harris, Forbes & Co and Spencer, Trask & Co
Shonnard, Mills & Co
Drew-Levick Company
Cotton market shows slight retreat after early gains
New York traders report a quiet session after last week's advance. Prices softened from 13.20 for July to about 15.04, down 10 points, with nearby contracts ending near 13.11 amid a reactionary shift and steady demand.
MENTIONED IN THIS ARTICLE
New York
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Mit
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Steel A
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Pullma. Co
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W Dt
Pt. Ct
Remington Buu
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Cosden & Co
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iTéass Co
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Ead
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Goodrich
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Hask & Barke
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Broadway
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G. B. Chipman Manager
Lsberty
Liberty Bond Exchange
14Th St. N. W
Orenwooi
John Ean
Apa Oa
Ull
Riemer & Coupee
Foreign Exchange
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Broad St
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Washington, D.C
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THE
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Washington, D. C
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