Curb Stocks Rally After Fed Move Lifts Market
In New York the curb market recovered late week as the Federal Reserve's credit expansion through government bond purchases spurred renewed buying. Commonwealth Edison Keystone and other Insull group issues rose, while Kiddie West Utilities lagged after a 2 cent share low. Petroleum plays gained on crude price climbs with Humble Oil and Standard Oil of Ohio among leaders.
MENTIONED IN THIS ARTICLE
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Standard OM Companies
New Jersey
Caliiornia
Steel
American Telephone
New York Central
New York
U.P
Federal Reserve System
Commonwealth Edison
Keystone
Insull
Kiddie West Utilities
Utility Investments, Inc
Corporation Securities Company
2Isc
Humble Oi
Standard Oi
Ohio
Improveme Cities Service
Market Gains Strength Across Bond Issues For Week
UPI reports substantial gains in U S government bonds and related securities over the past week. Notable advances include Nickel Plate 6s and Baltimore & Ohio 4s while utility, industrial, and railroad issues show broad strength. expert commentary suggests possible upticks in tonnage and revenues, with cautious optimism about rail and farm movement.
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U.p.i
United States
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