Market Leaders Stumble As Selectives Hit New Highs
New York June 2 stocks in the new high division included specialties amusements and motors amid profit taking and cashing fears. Investors moved funds totaling a record 22.112 billion while many lightened accounts awaiting a technical correction after the prolonged upswing since 1939. The AP 60 stock average dipped .1 to 63.2 with mixed trends and reduced volume as leaders faded and several issues climbed on dividend boosts and renewed production hopes.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Paramount Pictures
Loew’s
Twentieth- Century-Fox
Warner Bros
Macy
Markets at a Glance June 2 New Yorkand Chicago summaries
Markets at a glance show mixed stocks with specialty sectors advancing while bonds run irregular. Cotton declines amid commission house activity as wheat weakens on crop prospects and rye falls sharply on Winnipeg outlook. Hogs move slowly with about 10 000 unsold while top weights reach 13.75. TTSE trades generally steady with top 17.00.
MENTIONED IN THIS ARTICLE
New York
Commission House
Chicago
Winnipeg
Cotton market closes steady with losses in New Orleans
Spot cotton in New Orleans on June 2 fell 25 cents per bale from yesterday. Sales reached 760 bales while receipts totaled 1,970 with stock at 248,038. Prices showed low middling 17.85, middling 21.00, good middling 21.40.
MENTIONED IN THIS ARTICLE
New Orleans
Wheat Suffers Sharp Setback in Chicago Trading
Chicago June 2 All grain futures ended lower with wheat down 1% to two cents and rye off 2% to 3% as excellent small grain weather spurred losses. Rye liquidation and farmers selling corn contributed to the drop while rye feeding declined as other feeds become available.
MENTIONED IN THIS ARTICLE
Chicago
Cotton loses ground as traders worry over price control
New York June 2 The cotton market fell as scattered selling by trade and commission houses reflected concern over price control legislation and the foreign outlook. Private reports cite fair intake of new crop by mills but no demand for current shipment. Spain was noted as a buyer of over 50 000 bales in the open market. Prices closed 10 to 30 cents lower with July at 20.92 20.93. Middling spot quoted around 21.86.
MENTIONED IN THIS ARTICLE
New York
Boston
Trade and Commission House
Spain
Ala
Woon “Sccchsteaces Sooo
Ea Ee Re
Btn
Cay Celtethis
Hate Wees
Cotton price report from Southern Spot markets
Average middling cotton in New Orleans and 10 Southern Spot markets fell 30 cents a bale from the prior day. Spot cot ton in Galveston closed steady with a decline of fractions. prices ranged from ordinary to good middling with values around 15.27 to 21.22 cents per pound.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Livestock Prices Across Cities June 2 Hogs Steady Cattle Mixed
The report lists Chicago Fort Worth and other markets with hog prices from 10.75 to 13.75 for various weight classes and sow prices around 10.90. Cattle show mixed to steady activity with top steers near 17.00 and cows mostly 10.50 on beef grades. Sheep demand remains strong for spring lambs but shorn lambs vary.
MENTIONED IN THIS ARTICLE
USDA
Chicago Livestock
Chicago
Colorado
Fort Worth
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Willys- Overland
Gamewell
American Bosch
Manati Sugar
Chicago & North Western Preferred
Allied Chemical
U. S. Gypsum
Dow Chemical
Union Pacific
Laclede Gas
Douglas Aircraft
U. S. Steel
N. Y. Central
Great Northern, Kennecott, Goodrich, Westinghouse, and
American Telephone
Arch Tep
Santa Fe
Chi. Mil. & St. Paul
Chi. & A Ae Ee Ree
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Kan
Texas
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St. Louis SF
Southern Pacific
Lasark
Texas Corp
Western Union
U. S
California
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Canary Islands
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Armour
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Motors Steer
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Willys
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Ark
Nat Gas
el Bond & Sh
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O'Keefe
Jean Brooks
Roy, Technicol
Grarts
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Office of Procurement
TOWNE
B. G. Products CO
P. O
Ican
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Acetyle -Ene
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20 Century Fox Presente J Pylooger
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Dead End Kids
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Talking Animal Comedy
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Mon
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Hedy Lamarr
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Crossroads
Gene Autry
John Loder
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the Gorilla Man
George O'Brien
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Alice
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Avalon
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