Margin Hike Cracks Market Ticker Lags Behind Sales
Stock market slides as margin requirements rise to 60 percent from 50 percent, slowing price reporting by as much as 15 minutes on the floor. Dow Jones closes at 397.24, down 8.93, with widespread declines and higher volume as traders react to the Fed move.
MENTIONED IN THIS ARTICLE
New York
Jan
Stock Exchange
Federal Reserve Board
Wall Street
Federal Reserve
Dow Jones
Mart
Hainlg
Associated Press
Markets At A Glance And Library Chief Appointment
New York markets show mixed moves with stocks down as margin rules rise and government bonds retreat. Cotton climbs on active trade, wheat soft on rainfall in the Southwest, hogs and cattle rise, while corn remains steady. Dallas hires James Meeks, 34, from Kansas City as head of the public library replacing the retiring Cleora Clanton. Bemidji begins mass inoculations after two diphtheria deaths among 1200 school children.
MENTIONED IN THIS ARTICLE
New York
Dallas
James Meeks
Kansas City
Dallas Public Library
Meeks
Cleora Clanton
Bemidji, Minn
Bemidji
New York Stock Market Closing Quotation Summary
Closing prices list 8 active stocks with prices and net changes. Stocks include Nat'l Steel, General Electric, General Foods, American Can, Chrysler, IBM, Union Oil, Penn RR Co, Boeing, and more. Market notes Merrill Lynch reports closing quotes from New York.
MENTIONED IN THIS ARTICLE
New York
Amarillo
Merrill Lynch
Pierce, Fenner and Beane
Admiral
Crucible Steel
Cuban AmSugar
Allegheny Cbp
Curtis Publish
Allegheny Ltd
Curtis Wright
Allied Chemic
Curtis Wrighta
Allied Stores
y/Chance
Allis Chalmers
Decca Records
Amer Airlines
Deere & Co
American Can
Distillers Corp
ACF Itd
Dome Mines
AmerCyanamid
Doug Aircraft
Amer Home Pr
Duon Chemical
Amer Lovo
DuPont deNem
Amer Motors
Eagle-Picher
Amer Nat Gas
Eastman Kodak
AmerRad
Eastern Airline
Amer Smelting
Eaton Mig
Amer Steel Fd
Auto Lite
AmerTel&Telg
el Paso NatiGas
Amer Tobacco
Erie Railroad
Amer Woolen
Emerson Radio
Amer Zinc
Falr
E&a
Anaconda
Armour & Co
Fruehauf Co
Ashland
Gair Company
General
NY. Central
Arch Top&sf
General Foods
General Electric
Martin
Pennsylvana
20Th Cent Fox
Braniff Air
Gulf M&o
Philco Corp
Union Bags&p
Bridge Brass
Gulf Oil Corp
Philip Morris
Union Carbide
Briges Mi
Halliburton
Phillip Pet
Union Oil Car
Bucyrus Erie
Heyden Cham
Pitt Screw&Bolt
Union Pacific
Budd Co
Homestake Mi
Plymouth Oil
United Aircraft
Burrough
Butler Bros
Houston Oil
Poor & Co
Howe Sound Co
Proctt&Gamble
United Airline
United Carbon
Callahan Houst L&ap
Pullman Incorp
United Corn
Central
Pure Oil Co
United Fruit
Cal Pak
Enspir Copper
Radio Corp
United Gas
Interlake Iron
R K Pictures
Unit Merchants
Canadian Pac
Harvie
Paramount
Carrier Corpor
Nick
Remington
Case Co
Rev Motor
Internat
T&l
Republic Avia
Celenese Corp
Johns Manville
Republic Steel
Celotex Corp
Jones & Laugh
Revere C & B
Central & SW
jJoy
Rexall Drug
Kennecott
Kennecott Copr
Reynolds Toch
Ches & Ohio
Kern Co Land
Richfield Oil
Chicago Corp
Laclede Gas
Safeway
Chicago
Ri&pac
Lehigh Portld
St Joseph Lad
Chrysler Corp
Lerner Stores
Stli Rail
Libby McNeill
St Regis Paper
Climax Molybd
Lion Oil Co
Schenley Irdus
US Rubber Co
US Steel Corp
Walworth Co
Warner Bros
Warren Pet
Wesson Oil
Ind Sugar
Western Auto
Union Co
Wests Arib
Westinghouse el
Cosden Pet
Lone Star Gas
Seabord Oil
West Penn el
Colo Fuel&Iron
Lockheed Aire
Sears Roebuck
Wheeling Steel
Columbia Gas
Loew’'s Inc
Seiberling
White Motors
Columbian Carb
Lone Strem
Server Inc
Wilson & Co
Commer Credit
Long Bell Lbr
Shamrock Oil
Com Solvents
Lorillard Co
Sharon Steel
Comwl Edison
Louis & Nashv
Shell Oil Co
Consol Edison
Mack Trucks
Simmons Co
Con Baking
Glen L Martin
Con Motors Co
Maytag Co
Mck & Robbins
Copperweld St
Jane Company
Woolworth Co
Zenith Radio
Cotton Losses Slide on Big Exchange Amidhedging Pressure
New York markets see cotton futures fall five to thirty cents as hedging and liquidation push prices lower. Middling spot around 34.95 at the close with March and May futures noted. Dallas Galveston and Houston spot values listed at 33.50 to 33.85 cents.
MENTIONED IN THIS ARTICLE
New York
Jan
Trade and Commission House
Cottton
Dallas
Cotton
Galveston
Houston
New Orleans
Ride on Wagon Triggers Fatal Fight in Tokyo Pub
Two garage workers Nobuo Sumitomo and Kenichiro Sato had pledged a year of abstinence on New Year Eve. Sumitomo, drunk, confronted Sato who was drinking sake. They argued and Sumitomo was stabbed but survives.
MENTIONED IN THIS ARTICLE
Tokyo
Nobuo Sumitomo
Kenichiro Sato
Sumitomo
Sato
Od ie Russell Assistant Cashier at Elledge Firm
A fragment lists Od ie Russell as assistant cashier at W. W. Elledge with a large sum 1 300 000 00 and a stray note. The readable items imply a professional role and big monetary figure.
Chicago livestock markets mixed demand and steady stocker prices
Chicago hog and cattle bids showed strength with hogs up to 25 cents higher and prime steers reaching 34.25. Cattle and stocker markets in Kansas City Fort Worth Oklahoma City and Chicago produced varied but generally steady results. Butter and eggs markets were largely unchanged to slightly lower with wholesale prices holding near prior levels.
MENTIONED IN THIS ARTICLE
Chicago Livestock Chicago
Chicago
U.S
Oklahoma City
Amarillo Livestock Market Report Shows Mixed Cattle Prices
Auction data from Amarillo and neighboring markets show cattle and calves sold in mixed ranges. Higher demand noted for good slaughter yearlings while utilities and cows traded lower. hogs and lambs listed with varied prices across Fort Worth and Kansas City.
MENTIONED IN THIS ARTICLE
Amarillo Livestock Auction Company
Cooperative Engineering Plan Between Trinity and Tech
Trinity University and Texas Tech unveiled a five year cooperative engineering program. Students spend three years at Trinity then two at Tech, earning a Trinity BA and a Tech BS in engineering, with a summer session. Officials cite broader general education than the standard four year track. Tech also affiliates with Baylor Hardin Simmons and Abilene Christian College.
MENTIONED IN THIS ARTICLE
San Antonio
Trinity University
Texas Tech
Trinity
James Laurie
Lubbock College
Laurie
Tec
E. N. Jones
Baylor
Hardin-Simmons
Abilene Christian College
Rains Camp Grain Prices TABLE
Grains closed weak on the Board of Trade with mixed moves. Corn rose slightly while wheat oats and rye fell. soybeans mixed. Amarillo Fort Worth and Kansas City cash prices show No 1 hard wheat around 2.59 to 2.71 and sorghums near 2.70 to 2.75 per 100 pounds.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Amarillo
Amarillo Grain Exchange
Texas
Fort Worth
Kansas City
Jan Mech
Hudson Offers New V-8 Engine in 1955 Hornet
Hudson Motors will offer the 1955 Hornet with a choice of three engines including a new 208 horsepower overhead valve V-8 from Packard. The Hornet and Wasp debut new styling features and will be sold with the Packard Ultramatic transmission.
MENTIONED IN THIS ARTICLE
Hudson
Detroit
Hudson Motors
Packard
Wasp
Hornet
Sears Announces December Record
Sears, Roebuck and Co reports December sales of 391 million dollars an all-time monthly high. The 11 months through December total 2.887 billion dollars, down 1.8 percent from the prior fiscal year’s period.
MENTIONED IN THIS ARTICLE
Chicago
Sears, Roebuck and Co
Wheat Future Brightened
Wheat prospects in parts of north and northwest Texas improved due to recent rain and snow, according to the USDA. In the key wheat region above the Panhandle cap rock light snow provided little benefit to dusted grains, while farm activity remained slow and livestock care dominated concerns.
MENTIONED IN THIS ARTICLE
Austin
Texas
U.S. Department of Agriculture
Panhandle
USDA
Also Mentioned on This Page
Claude Neon
Kingston Pr
Con Mining
LaLand&Expl
NaBellas Hess
Nat
Niles-B-Pond
Eureka Corp
Pacific Pet
Fargo Oil
Pantepee Oil
Great Lakes Oil
Royalite Oil
Humble Oil Co
Saphre Oil
Imperial Oil
Technicotor
Jupiter Oi
Kaiser Fras
Werrick Pet
NEW York Bonds
Southern Pacific
Texas Corporation
Devhee
Financial Industrial Fund
East T
Mxr RR
Sinclair Ott
Montgomery W
Socony-Vacuum
Solar Aircraft
Motorpla
Low P Service
Muller Brass
So P Rico Gold
Murray Corp
Southern Com
Nat'l Acme
Nat'l AutoFiber
Southern RyCo
Nat'l Biscuit
Sparks
Nat'l Can Corp
Sperry Corp
Nat'l
Spiegel Corp
Nat'l Cylinder
Square D Co
Nat'l Dairy Pro
Stands Brands
Nat'l Dept
Cal
Nat'l Distillers
Standard Omj
Nat'l Gypsum Co
Rockw S&a
Nat'l SteelCorp
Sterling Drug
Nat'l Supply Co
Stewart Warner
Stone &Webster
New York Cent
Stu-Pak
North Am Avia
Sun Oil Co
North Nat Gas
Sunray Oil
North Pacfic RR
Sunshine Big
Ohio Edison
Swift & Co
Ohio Ol Co
Sylvan Elect
Olin
Syming
American Stock Exchange Amer Maracab
Burma
Atlas Plywood
Catalin Corp
Berium Steel
Cessna Aircraft
Amarillo National Bank
Amarillo, Texas
C. T. Ware
R. C. Ware
B. T. Ware
M. Butler
H. J. Farwell
B. T. Baker
E. C. Lacy
R. L. Moore
William
Mullins
WM. F. Schmidt
S. E. Hale
C. E. Robertson
H. J. Vandenberg
Walter A. Russell
Odie Russell
W. W. Elledge
Don S. Marsalis, JR
Will D. McLean, JR
Federal Reserve Bank
U. S. Government Securities
U. S. Gov't. Agency
CCC
Marillo National Bank
Member
Federal Deposit Insurance Corporation
Eeeeeeeee
Dennis the Menace
pSnae
Amarillo Livestock Market
Agricultural Marketing Service
Oklahoma City Livestock
Fort Worth Livestock
Kansas City Livestock
McAttle
Canaries
Gouldy Bros
2Nd
Tyler
Sears
Hurlock
Bine Lau Ee
Zenith
Broome Optical Co
Fisk
Dixie Dugan
Elmer
Bugs Bunny
Irene Adler
Sherlock Holmes
Lemme
Bias Fan
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