Bond Sales on New York Exchange Rally Amid Mixed Signals
Bonds advanced in value on the New York Exchange amid easier money conditions. High grade rails and industrials firmed, rail shares rose, and major issues like Reading 4s and Oregon Washington lines gained. Total weekly bond sales reached 10.7 million dollars, with market breadth muted and cautious sentiment persisting.
MENTIONED IN THIS ARTICLE
NEW York Exchange
NEW York Exchange Capital
Reading General
Burlington Sa
Central Pacific
Northern Pacific
Oregon, Washington Railway and Navigation
New York Curb Transactions Curb Market Review
New York May 23 prices rallied sharply as traders booked profits on gains in Durant Motors of Delaware after a move from 42 to 62 percent and back to 53 percent. Heavy buying followed Durant's 500000 Star car orders with production said to be profitable. Imperial Oil of Canada led oil issues with a 2.34 point rise to 108. The mining group saw activity in cheap silver and copper shares with Ohio Copper up 6 points.
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Chicago Wheat Down as Export Demand Slows
Chicago May 23 Wheat declined on weak export demand and lack of speculative interest. July and September futures eased to around 1.17 and 115 respectively, with corn and oats also lower. Bearish pressure from Argentine supplies and deteriorating northwest crops weighed on sentiment while cash grain showed limited activity. Provisions softened as small packers sold, and cottonseed oil futures in New York mixed with spot and May prices around 12.94 to 41.03 for later months.
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Chicago
Jda
Liverpool
Kears
New York
New York cotton market climbs on bullish crop figures
In New York on May 23, July cotton futures surged to 27.47 amid bullish private crop and acreage data, later retreating to 26.73 as selling and realization set in. The market opened firm on Liverpool buying, then steadied with reports of higher 7.5 percent acre increase and a 70 percent normal crop condition. Stronger tones from the Federal Reserve board and stock gains supported a broad rally before profits trimmed gains toward midday. Exports to date reached 10.83 million bales, with U.S. port stocks around 405,079. Futures showed wide intraday swings, closing near late-morning levels.
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Liverpool
Orde
Wold
Tspon
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