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THE NEW YORK
Yesterday in Wall Street
Dearer Money Tends to Check Advance.
(By Special Cable to The Herald.)
NEW YORK, Monday The week opened in Wall Street `with trading
still in huge volume, but the market, though active, was somewhat irregular
Sales were returned at 2,330,000 shares.
Although the general trend of the list continued upward, particularly in
motor issues, dearer money put on the brakes
After a good opening, due to the accumulation of buying orders over the
week-end, prices tended to sag when money was marked up.
The general undertone, however, remained extremely firm. Every reces-
sion in prices brought a considerable amount of renewed buying, a number
of issues scoring new high records for the year.
The demand converged ;mainly on steels in the morning and switched to
rails and motors in the afternoon, particularly in the closing hour, in which all
prices were stronger.
United States Steel reached the new high of 130 1/4 in the morning
Chrysler Corporation led the motor group and General Motors, Dodge and
Mack Trucks were stronger in sympathy
Call money showed a 'firmer tendency, the rate, after ruling at 4 1/2,
rising to 5 per cent., which was paid for the last loan. Sterling exchange
was again stronger at 1.84 15/16. French francs, after further weakness,
closed better at 4.29. Belgian francs relapsed from 4.56 1/2 to 4.48 1/2, but
the lira was slightly stronger at 4.01.
PARIS BOURSE
LONDON MARKETS
The pound sterling had touched 121.50
(By Special Leased Wire.)
in the morning and the dollar was close
LONDON, Monday.-The general ten
o 25fr., but a new communiqué issued
dency in Capel Court to-day was hesi-
y the Ministry of Finance, threatening
tant, while French bonds and the securi-
inquiry into the selling, of francs,
ties in which the Paris Bourse is inter-
11 ealers, used some SO uneasiness pound among official fell exchange back
ested were weak owing to the wide fluc-
that the
rpidly to 114.95- the final quota-
tuations in the franc due to the French
an--and the dollar to 23.75
political situation.
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"ocrText": "THE NEW YORK\nYesterday in Wall Street\nDearer Money Tends to Check Advance.\n(By Special Cable to The Herald.)\nNEW YORK, Monday The week opened in Wall Street `with trading\nstill in huge volume, but the market, though active, was somewhat irregular\nSales were returned at 2,330,000 shares.\nAlthough the general trend of the list continued upward, particularly in\nmotor issues, dearer money put on the brakes\nAfter a good opening, due to the accumulation of buying orders over the\nweek-end, prices tended to sag when money was marked up.\nThe general undertone, however, remained extremely firm. Every reces-\nsion in prices brought a considerable amount of renewed buying, a number\nof issues scoring new high records for the year.\nThe demand converged ;mainly on steels in the morning and switched to\nrails and motors in the afternoon, particularly in the closing hour, in which all\nprices were stronger.\nUnited States Steel reached the new high of 130 1/4 in the morning\nChrysler Corporation led the motor group and General Motors, Dodge and\nMack Trucks were stronger in sympathy\nCall money showed a 'firmer tendency, the rate, after ruling at 4 1/2,\nrising to 5 per cent., which was paid for the last loan. Sterling exchange\nwas again stronger at 1.84 15/16. French francs, after further weakness,\nclosed better at 4.29. Belgian francs relapsed from 4.56 1/2 to 4.48 1/2, but\nthe lira was slightly stronger at 4.01.\nPARIS BOURSE\nLONDON MARKETS\nThe pound sterling had touched 121.50\n(By Special Leased Wire.)\nin the morning and the dollar was close\nLONDON, Monday.-The general ten\no 25fr., but a new communiqué issued\ndency in Capel Court to-day was hesi-\ny the Ministry of Finance, threatening\ntant, while French bonds and the securi-\ninquiry into the selling, of francs,\nties in which the Paris Bourse is inter-\n11 ealers, used some SO uneasiness pound among official fell exchange back\nested were weak owing to the wide fluc-\nthat the\nrpidly to 114.95- the final quota-\ntuations in the franc due to the French\nan--and the dollar to 23.75\npolitical situation."
}