Market activity in grains and metals rises on merger signals
Buyers returned to the wheat market with May and July prices advancing. Corn and oats gained as the court decision boosted expectations, while foreign purchases and large seaboard exports supported gains. Minneapolis grain and U S prices moved up alongside firmer butter eggs and metals. foreign exchange remained steady with multiple currencies quoted.
MENTIONED IN THIS ARTICLE
Chicago
United Court
Supreme Court
Liverpool
Seaboard
Europe
Barney
Mar
Minneapolis
The
Associated Press
Steel pivots drive a volatile New York market
May 16 New York stock exchange activity showed steel stocks as the day’s pivot with Lackawanna Steel hitting a forenoon peak and later retreating as announcements and midday rallies caused renewed trading. Mining and Smelting preferred led with a 7% gain on higher dividend, American Smelting held gains, and copper, lead, and sugars edged up. Foreign exchange remained dull but firm remittances.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Lackawanna Steel
Raft
United
Copper Issues Lead Market on Steady Gains
The Hellbronner Company reports copper issues led Tuesday's market with steady gains and rising accumulation. Kennecott hit a new high at 36, copper metal strong at 13, and June July tonnage sold at 13. Oils weak, motor stocks steady aside from Studebaker. Rail group quiet, news bullish but cautious. no major selling. Inter tied to agriculture rising as International Harvester prepares actions. Mother Lode dividend expectations boost Kennecott. Arbuckle Bros refined sugar up on news.
MENTIONED IN THIS ARTICLE
Hellbronner Company
Kennecott
Steel
Storeo
Studebaker
International Harvester Company
New York Times
Mother Lode Mines Company
Mother Lode
Ing
Utah
Arbuckle Bros
Directors for Steel Merger
The Bethlehem Lackawanna steel merger gained approval from both boards and other major independents. A 35 million cap stock issue is planned with 60 percent class B common and 40 percent preferred. Bankers KUHN LOCH & Co. oversee terms as market chatter swirls about a broader combine. Chadbourn calls merger a three to one shot despite rumors Schwab would lead.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Lackawanna Steel Company
Bethlehem Steel Corporation
Kuhn, Loch & Co
Federal Trade Commission
Lockwood Legislative Committee
Bethlehem-Lackawanna
Bethlehem Company
Lackawanna
Bethlehem
Eagh
Thomas L. Chadbourn
Wall Street
Charles M. Schwab
Bethlehem - Lackawanna
Chadbourne
Cattle and Hogs Prices Across Cities Reported
Livestock markets in Chicago Omaha and other cities show mixed demand. Beef steers and veal mostly firm to higher while hogs and sheep move with uneven gains and losses across regional listings.
Market notes and prices from Portland to Chicago stock markets
Portland May 1 nominal steady hogs by weight receipts 2200 top 1055 bulk 1018 sheep receipts 2500 market weak to lower lambs 1314 ewes 78 clipped lambs 120 13.Ay Associaems notes steady no receipts cattle Chicago stocks London copper prices lead advances New York lead from 5.26 to 6.38 cents per pound Rogers named new executive officer Veterans Bureau Washington veteran of five wars to lead agency
MENTIONED IN THIS ARTICLE
Time Stock Exchange
Low Sbronner Company
Gora
Wey
Ray Ha
Atchison
Chalmers
Bae
al ‘Chemical
Baltimore & Ohio
Motive
Bethlehem Os
Rosch
Brooklyn
Isiai
Chicago
Milwauks
Pau
St. P
Columbia Phiophone
Anton Frneible
Steen
Davidson
Sisei
Rian A
Fix Cahumet & Me
Carson
Kansas City
Butte
Kelly-Springnela
Kennecott
Frankl
Lehigh Valley
Royale Island
Montana Power
Missouri Pacite
National Enamel
Ui Norun
BN i Ievada
Dominion
York Cent
Orceoa
York, Ontario & Waiters Bais
Uiney Ojibway
Haven
Pacific
Bt Toy
Scotia
South Ta Roun
Utah
Rwitt & Co
Iolumme
United Shoe
Moby
Mug
Apex
Rethy
Republic State
Boston
Bohemia
Tate A Son
Seare-Roebucke
Seneca Copper
Southern Pacific
Houghton
Southern Railway
Majestic Ohio
Stromberg
Oneeo
Studebaker ‘Company
Ane
Unie Verde
Iex
Tennessee Copper
Texas Pacific
Texas” Company A
Hoston “& Ita. Ae
United
New York
Atontati
Cresson
Croesus M. Co
Carolina
Kinley
Darragh
Worthington
Ing
Liberty
Anopain
Htecia Vf Iy
Atine
Mother Gaia
Mam Pe
Associated Press
United States
Bureau of Markets
California
Texas
Omaha
United States Bureau of Markets
New
Paul
South ST. Paul
Minn
NaNsas City
Selpis
Associaems
Portland
Ore
Asociated Press
American Smelting and Refining Company
Rogers
NEW Post
Washington
L. B. Rogers
Philadelphia
United States Veterans’ Bureau
Also Mentioned on This Page
Associated Prew
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Argentina
Brazil
Montreal
Arevermses + ree
Ast St. Louis
London
NEW York Stock Exchange
Directors For Steel
Lackawanna and Bethlehem Boards
Spokane
ENV! Press
Denver
Vancouver
B. C
Canada
U.S
Timothy Casey
D. D
B.C
British Columbia
Archdioce
City of
Ferris & Hardgrove Investment
Spokane, Washington
Seattle
Sompleta
Eurni
Yee
F. Mufton& CO
Anneande
Armour
Motors
Fartman
Tibbs Lindsay Li
Mitehen
Montwomer
Heaty
Warn
Thompson
U Carbide Union
America
Ite
Chile
Cerro
Pasco
Poston & No
Burke
Chappell
Inter Pet
Montana-Cal
Mutual
Oir Stellar
Tri-City
Oi van
Dusen Hi
First National Bank
Federal Reserve System
Andrew J. Davis
Stephenson
George A. Hill
Andrew J. Davis, Jr
Wd, Forsythe
Aset
Metals Bank and Trust CO
Jute, Montana
Mac
H. M’nulty CO
Hamilton, Butte
Lamb
Aus
Dever ‘auTe
Mont
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