Stock Market Listless Amid Weak Undertone in 1922
The Washington Post reports a listless stock market with a weak undertone and low volume around three quarters of a million shares. Speculative factors drive the weakness while fundamental news remains scant, and steel shares show only mild gains with prices hardening in some sectors amid scarce products.
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Washington Post
New York
Germany
Poland
Silesia
Sierl
U3. Steel Corporation
General Electric
Wall Street Gossip on steel merger near certainty
A May 10 Ledger Co report details a planned seven company steel merger to transfer physical properties into a new entity, funded partly by cash and stock. Key players from Midvale, Republic, Inland Steel and others attended a tight pre merger meeting. Steel output projections and antitrust notes accompany commentary on gold shipments and oil land interests.
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Washington Post
New York
Independent Steel Company
T. L. Chadbourne
Kuhn, Loeb & Company
Yne
Chadbourne
New York Stock Exchange Reports Mixed Rail and Market Movements
The week ending April 29 saw 758,286 revenue freight cars loaded, an increase of 44,198 from the prior week and the highest April total, with 1921 and 1920 comparisons noted. American Smelting and Refining earned its preferred dividend but faced broader market pressure as officials discuss the economy and freight outlook while a White House dinner sparks speculation about railroad leaders. Livestock and grain markets in Chicago and New York show mixed receipts and price shifts across cattle hogs and sheep amid ongoing market dynamics.
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Railway Association
Rmall
Warding
Trans
Carportation
Country Aervise Division
New York Grain Spot Prices May 106
Spot grain rates in New York show mixed stability with No 2 red and No 2 hard at 1.56 1 2 cents per bushel, No 1 Manitoba at 1.57, and No 2 mixed durum at 1.43 c i f track. Corn prices hover around steady with No 2 yellow and No 2 white near 0 cents and No 2 mixed around 0 5 cents, c i f. Market notes indicate slight movements for corn and white varieties on rail deliveries in New York yards.
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New York
Manitoba
C. Lt
New York Alt Rail
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Mar
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Consol
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Pierre
Pittsburgh
Pitts. & W. Ve
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Crucible Steel
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