Prices Take Drop As Federal Warning Hits Market
Light trading and a receding market dominated yesterday's session with stocks reacting to warnings from federal reserve banks about speculation. Some gains appeared in weaker issues like American Sumatra Tobacco and Tobacco Products, while giants such as General Motors and Stude baker slipped before recovering. Banking and metals dipped, though curbed by limited selling, as commentators urged caution over the rapid rise in prices and the need for steadier advances.
MENTIONED IN THIS ARTICLE
federal_ reserve
Heilbronner
Tobacc
Mexican Petroleum
Pan Ames Marines
Baldwin
Republic
Studebaker
General Motors
Utah
Chino
Chile
New York Stock Market Dips After Federal Reserve Caution
Renewed concern from Federal Reserve officials in Washington over excessive speculation weighed on stocks on June 10. The market traded lower by 1 to 18 points as turnover neared 2 million shares and call money stayed near 6 percent. Authorities suggested the Fed letter targeted speculative borrowings tied to oil ventures and related industries, while tobacco shares showed some resilience.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Washington
Stock Exchange
Federal Reserve Board
Versain
Une
Market dips as investors doubt GM capital boost vote
Speculative weakness weighs on stocks with General Motors sliding after an 18 point drop and closing well below Friday, while Southern Pacific tumbles on April earnings. Across sectors losses run up to 34 points in transports and 18 points in motors, with United States Steel hit by overall weakness. After hours there is heavy stock borrowing demand and short sales, with total daily sales around 13.3 million dollars.
MENTIONED IN THIS ARTICLE
General Motors
Southern Pacific
United States Steel
Ath Fn
United States
Lauaier-Wolcott Compan Leh
Ailis-charmers
Atchison ‘Opper
Ston
Baldwin Locomotive
Aig
Bethlenent ‘Steel
Amano Baltimore
Ship
Sats Rs
Rooklyn Rapid Praise
Butte Superior
Fori Petroleum
Ian Pacific
Mera Leather
Henapeake & Chi
Milwaukee & St. Paul
Cicago & Or Hiwestern Ut
Chile
Sino Colorado
United ‘Food
Greene-Cananea
Orthern
Minos
Interborough
Wsabe
Kansas City
Fennecott
Louisville & A
Missouri
Kansa
Missouri’ Pacific
Isis
New York
New Havel
Norfolk & Western
Pacite
Isburke Coal
Pennsylvania
Teaal Ie
Ais Bae
Menuwit Iron
Shai Railway
Spring
Sinclair Oe Ib
Souther Arizona
Southern SF Aa
Baker Mail
Sheffeld Ut
Tennessee
Fs Ey
Wentern
Willys
Midvale National ‘Kenia
Liberty
Kirstibe Ie
Caddo Field
Louisiana
Texas Line
Hennessy Incorporated
Montana
Butte
Mont
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Hayden, Stone & Co
Goodbody
United State
Lauzier-Wolcott
Secur
Nore Stock Exchange
Barnes
Boston Monta
Copper Sar
Butte-Great E Bante London
M&m
Davis-Dal
Diilos Oi
East Caledonia
Oty Farrel
Great Butte
Petrole U
Royalty of
Ingham
Northwest Ohio
North
Enange Daty
Lauzier Woltt Company
Reybull
King Beaverhead
Alberta Butte Great Palle Butte
New Furnace
Cooper
Montana Cy
Parton
Wolcott Co
NEW York Exchange
Andrewr
Andrew
By Briggs
Bill Sadler
Chicago
Liberty Bonds
Liberty_ bond
Soeioe
Satan
Tory
Victory
Meitler ‘Bialer Company
Austin
Amazon
Au Ourity Big
Lede
Mo Burns
Detroit
Ada Sa
Arizona
Ny ' Alan
Jeri
Crenne Td Ty Daiy
Howe
Oy Island
I. Jerome
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Lagna
Valley
McKinteys
Okmulgee
Voutsen
United Verde
Hoston
Heilbro Ler Company
Owen
Hancock Tal
Lake Ovale
Honus
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Askea
Nnheil
Ynitea Warde
Butte-Louisiana Oil Company
Daly Bank and Trust Company of
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Artat and
Sarploe
Nm Clare
Ross Clark
W.a.clark & Bro. Bankers
Alex 3. Sonsistox
Ak. Wesier
Transacttaret and
Cannie “Aseiasaint
Lime
Seponita
First National Bank
Capital and Sarpian
Keerre Bus
Thuy
Ran Northern Bond Exchange
Phoenis
Lamb
Liberty BC
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