Market slips as shorts cover and pullbacks calm stocks
New York trading opens with slight gains driven by London buying but quickly fades. Major rails like St Paul and Reading fall 1 to 3 points. New Haven hits a fresh low at 83 while Pennsylvania hints at a $1,000,000,900 mortgage plan. Copper rises briefly on London advance as foreign exchange steady improves slightly.
MENTIONED IN THIS ARTICLE
London
New York
Denver and
Rio Grande
Erie First
Rock Island
American Car
Shorts
St. Paul
Lehigh
Reading
Pennsylvania
New York Central
Union Pacific
New Haven
World Marts Gossip and Trade Notes From New York
Trading was lackluster with total sales below last week while distribution improved. Steel common, Reading, and Union Pacific formed modest portions of activity as Pennsylvanias weakness weighed on sentiment amid bond-refinancing talk. American Can faced pool selling before a recovery, New Haven hit a new flow record, and speculation swirled around a potential $1 billion Pennsylvania issue despite investor skepticism.
MENTIONED IN THIS ARTICLE
New York
Steel Common
Reading
Union Pacific
New Haven
Pennsylvania
Stock Exchange Notes and Market Roundup
Washington Stock Exchange activity damp, with few sales recorded. Riggs Realty 5s and Capital Traction 5s led trading. Washington Gas and Columbia Railroad issues traded after hours. Bank and rail names appear with cautious bids and limited asks as the market faces tax law complexity and consolidation rumors.
MENTIONED IN THIS ARTICLE
Riggs Realty
Cap. Traction R. Brbs
Potomac Elec
Wash. Ry, & Qwiec. Pfd
Federal Nat. Bank
Wash. Gas
Columbia R. R
Washington Stock Exchange
Washington Railway and Electric
Federal National Bank
Riggs Realty Gang
Potomac Electric Consolidated
Capital Traction
Washington Gas
Columbia Railroad
Chapin-Qacks Company
Georgetown Gas
Ashington Gas
Capital Traction Co
Ape & Pat
Voftonpia
Mort
OS Columbia Railway
W. “Alex
Mount Ver
Potomac Electric
Potomac Electric Power
Potomac
E. & Teles
Aton Market Co
Washmarket Co
Norfolk and Wash
Stmbt
Public Utility Rocks” Capital Traction Co
Airway
Railway and Electric Ptd
Norfolk Ans
Mergenthaler Linotype
Greene-Cananea National Bani Socs
American
Columbia
District
SR Ess Isl
Metropo
Security and ‘Trust
Nation Savings and
Tocks Chapin Sacks Co
Security
Washington Market
Holland says New York bankers expect changes in currency bill
Former Senator Nelson W. Aldrich addressed the Academy of Political Science in New York City urging cautious support for the currency bill. Bankers praised much of the measure though object to about 20 percent of its details, favoring amendments on government control compulsory membership and currency issues. Public opinion in New York has delayed action as Congress nears December session.
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Holland
New York
United States
Nelson W. Aldrich
Academy of Political Science
Aldrich
The
Washington
John Sherman
Sherman
Treasury Department
William J. Bryan
Frank A. Vandgerlip
Congress
Senate Banking and Currency Commission
Boston
Federal Board
Senate
New York Cotton Market Bullish on Weather Sparks Rally
Bullish weather and crop news trigger buying in New York cotton as December contracts rise to 12.94 per bale. Market opens firm, then closes very steady with gains around 49.63 points. Reports from New Orleans and forecasts of short crop help sustain nervous buying. futures volume, livestock figures, and calf receipts noted.
MENTIONED IN THIS ARTICLE
New York
Southern
New Orleans
Metal market overview and copper film quotes
New York reports copper film figures for October, November and December 1982 with varying offers and price points. Mentions Rusting and included references to regional warrants and city notes, including No. 1 Sumner and No. 1 Southern price figures and Cleveland warrants.
MENTIONED IN THIS ARTICLE
New York
Jake
Lander
Northern
Southern
Snft
Cleveland
London
New York Grain Market Moves on Wheat Futures
Spot wheat prices show nominal bids on No 1 Northern Duluth and No 2 West basis while exports and buying interest edge futures higher. Manitoba export sales reported. December and May contracts advance on covering and tighter old-crop receipts amid external market strength.
MENTIONED IN THIS ARTICLE
New York
Mc. i. F
O. B
Duluth
Manitoba
Baltimore Markets Report From Oct. 90 Prices
Baltimore markets list multiple commodities with mixed quotes for wheat oats poultry eggs butter and Dairy goods. Entries cite Maryland Pennsylvania and nearby regions with per dozen and per pound pricing including live poultry, ducks, turkeys, eggs and dairy products.
MENTIONED IN THIS ARTICLE
Virginia
Pennsylvania
Maryland
Delaware
New York State
New
West Virginia
Maine
Groen Fruitz
California
New York
Baltimore
Marland Aid
Marsland
Virgina
Pennsylvania Dairy Prints
America’s Gain in Foreign Trade for Eight Months
Report shows eight months ending August 31 with total trade at 2 671 600 000 dollars. Imports 1 156 500 000 dollars a decrease of 98 000 090. exports 1 515 100 000 dollars an increase of 98 000 090. Net gain 67 000 000. Major trade partners include Great Britain Canada Germany with specified export and import values.
MENTIONED IN THIS ARTICLE
Great Britain
Canada
Live Stock Markets and Receipts Across Markets
New York cattle hog and sheep receipts and prices show varied demand with steers and cows listed across ranges. Chicago hogs saw 41 000 head with a weak market and lower quotes, while cattle receipts reached 18 000 and hints of steadiness to modestly higher noted for higher grade beef.
MENTIONED IN THIS ARTICLE
New York
Orto C
Ub Lab
Jery
Cogr
Chicago
Heeves
Texas
Baltimore
New York Produce Market Rates Mixed Across Staples
Price listings show 6,900 tubs of creamery extras and varied percent factors for butter, cheese, eggs, and other dairy, with widespread ranges for quality grades. Fluctuations appear across flour, pork, beef, lard, cottonseed oil, sugar, coffee, and grain futures, while wheat and corn futures close higher on India crop shortfalls.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Heanery
Kansas
Middle West
South America
Rio
Cordova
Philadelphia Markets Review of Butter Eggs Poultry Prices
Philadelphia markets report butter and creamery prices with many varieties listed including extra, fancy and near-by terms. It also notes corn outputs, oats, and steady poultry values with quotes for fowls, chicks, ducks, roosters, and chicken sizes across Western firm and local markets.
MENTIONED IN THIS ARTICLE
Philadelphia
Western Creamery
York
Rate Fight Settled by Interstate Commission for Two Cities
The Interstate Commerce Commission ordered after a two year case that railroad import rates westbound from New York and Boston be equal. The ruling ends the heated dispute over preferential rates and applies to future shipments between the two cities.
MENTIONED IN THIS ARTICLE
Intestate Commerce Commission
New York
Boston
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