Unsturbed Market Shows Recovery
Markets regained momentum after new money eased the slide though opening prices fell as much as ten percent and later dipped six percent. Strong industrials led gains with General Motors rising from 205 1/2 to 227, Copper and steel issues firmed, while traders eyed political and credit factors as potential market shapers.
MENTIONED IN THIS ARTICLE
Heilbronner
Studebaker
General Motors
Lackawanna
Colorado
Midvale
Crucible
Car Foundry
Southern Pacific
Anaconda
Logan, & Bryan
Lauzier- Wolcott Company
Shorts
Aso
London
New York News
Paris
New York Stock Market Opens With Gains Then Profit Taking
New York trading began with buoyant advance as many issues rose two to six points. Early strength faded under profit taking before a midmorning upturn. Money opened at 8 percent for mixed collateral and fell to 5 1/2 percent by midday as demands were met. A weekly steel and iron review noted continued industry improvement and rising interest.
MENTIONED IN THIS ARTICLE
New York
Steel and Iron Authority
Market rally widens to firms in metals and motors
The stock market shows firm gains across sectors with United States Steel climbing about 1 percent though much of the early advance faded by close. Steel-related issues stay resilient with motor and oil shares leading two to seven point gains as rails hold a modest course. Total sales reach 9.75 million par value with Liberty bonds steady and the foreign group firmer.
MENTIONED IN THIS ARTICLE
United States Steel
United
Vice Presidential Boom for Brigadier General Vanderbilt
In New York friends of Brigadier General Cornelius Vanderbilt have suggested him as a Republican Vice Presidential nominee. The idea has gained favor in Republican circles though no formal boom is under way. Some leading New Yorkers consider his candidacy if the presidential nomination is secured.
MENTIONED IN THIS ARTICLE
Cornelius Vanderbilt
New York
Vanderbilt
Silver Activities In Northern Idaho And Nearby Mines
Spokane report details Caledonia Mining paying a June dividend of 1 cent per share totaling 26050 dollars, boosting yearly disbursements to 156300 and grand total to 2829350. It notes ore shipments, new ownership at Conjecture mine near Lakeview Idaho, galena and silver yields at Garner lease, and preparations for a power plant at Lucky Strike. Also mentions Interstate Sullivan on Goat Mountain, and Compton White project financing. Washington announces 49 six ton tanks delivered, totaling 950 tanks available.
MENTIONED IN THIS ARTICLE
Spokane
Wash
Caledonia Mining Company
Mullan
Charles T
Wood
Wallace
Idaho
Lakeview
Pend d'Oreille Lake
Pittsburg Mining Company
Lakeview Sliver Mines Company
Wallace Dispatch
Garner
Success
Gardner
National
Coeur d'Alene
Met
Columbus
Eagle
Coeur Alene
Sandpoint
Interstate-Sullivan Company
Goat Mountain
Clark's Fork
Lucky Strike Company
John
Clarinda
Compton White
Delaney
New York
Jewel Mining Company
Eddy, Mont
J. Powers
Mr. Powers
Washington
War Department
Chicago Markets Plunge and Rally on Crops Outlook
Estimates show eight state planted corn land shrinking by about 8 million acres. Prices surged to new highs as market closed strong with corn near 1.79 for September and 1.79 1/2 for cash. Oats gained while hog value dragged. bears eyed lard amid mixed crop news and rain fears.
New York Stock and Market Quotations Report
New York stock quotations show a steady market with cattle hogs and grain values near unchanged. Copper remains on lead with steady tonnages and bids. Minneapolis wheat receipts rise versus last year while corn and flax hold near previous ranges.
MENTIONED IN THIS ARTICLE
SuarrLech
MTAL
New York
Livestock market notes from Chicago and Portland
In Chicago and Portland market listings, cattle and hogs show varied weights and grades. Prices range for steers, cows, bulls, and vealers with terms like good, fair, and prime, while receipts and weights are scattered across descriptions of stockyard offerings and market tone.
MENTIONED IN THIS ARTICLE
Neal Eabsen
Handy
Portland
Ore
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Columbia Graphophones and Records
Newbro Drug CO
ST West Park Street