Stocks Stable Despite Heavy Trading in Tuesday Market
Prices barely moved amid strong volume with a 1,850,000 share total and 645 advances. Leading issues like General Motors and Radio Corp posted gains while Cities Service and Atlas Plywood slipped. Bond activity also showed a slight uptick as the market closed near the day’s best averages.
MENTIONED IN THIS ARTICLE
Associated Press
Uesdas
Steel H Motors
Roebuck
Las Aircras
S Conteciion
International Telephone
Cerro de du Pont
Radio Corporal
Santa Fe
Bethlehem Star
General Motors
Montomery
Ward
Consolidated Natural Gasneral Standard Oil
Pc & Western
Air
Kaiser-Frazer
Irving Air Chute
Fairchild Engine
Raytheon Mfg
Pancoastal
Heavy Demand Spurs Grain Up in Chicago Markets
Demand for cash grain lifted futures on the board of trade led by May wheat which rose to its best price of the day. Government bids for cash wheat and corn supported gains as rain and moisture expectations tempered later deliveries. Fort Worth, Kansas City, and Chicago cash bids show varied price levels across wheat corn and sorghums with May wheat overall strongest.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Kansas City
Kansas
Great Lakes
Fort Worth
Grain and Cotton Exchange
Texas Common Points
Texas
Texas GI Convicted In Sale of Cigarettes
A Texas Air Force sergeant, Joseph B. Murphy of El Paso, was found guilty by court martial in England of illegal cigarette deals. He faces forfeiture of two thirds of six months pay for trying to sell 55 cartons and possessing three post exchange ration cards. The two officers on trial are Captain Thomas A. Goff and First Lieutenant James C. Walker, both of El Paso. All three served in the 97th Group of B29 bombers returning to the United States. Murphy's sentence awaits confirmation by the US Air Force Europe commander.
MENTIONED IN THIS ARTICLE
Burtonwood
England
Texas Air Force
Joseph B. Murphy
el Paso
Thomas A. Goff
James C. Walker
97Th
United States
Murphy
US Air Force
Europe
Cotton futures hold ground on buying spree
Cotton futures stayed firm in New York and New Orleans on March 30 as trade and commission house buying pushed prices higher. The mid March parity advance sparked hedging and profit taking limited gains, with new crop deliveries leading the upturn and old crop months trading up to 1.30 per bale.
MENTIONED IN THIS ARTICLE
New York
Trade and Commission House
Cdumaen
Eae Fy
BOW Kn Wcess
Orleans
Cotton and wool market roundup from Galveston to New York
The report covers cotton prices in Galveston with several grade levels and spot figures, plus New Orleans spot daily at 32.75 cents per pound. It also notes New York wool market activity with tops and futures mixed, futures closing slightly higher or lower, and specific May to October price points.
MENTIONED IN THIS ARTICLE
New Orleans
Power Output Declines in Week, EEI Reports
Electric power output in the United States fell to 5.404 billion kilowatt hours for the week ending March 26, the lowest since November 27, 1948, with a 6.7 percent rise from the same week last year. New England dropped 2.5 percent. other regions rose from 0.9 to 15.3 percent.
MENTIONED IN THIS ARTICLE
New York
Edison Electric Institute
New England
Mid-Atlantic
Central Industrial
West Central
Southeast
South Central
Rocky Mountain
Pacific Coast
Operation Denazifies Valuable Prize Bull
A valuable prize East Frisian bull in Hamburg recovered from a serious illness after an operation. A veterinarian removed a Nazi party button from its stomach, marking an unusual correction of a prior injury to the prized animal.
MENTIONED IN THIS ARTICLE
Hamburg
Germany
Cattle and hog markets mixed at San Antonio Fort Worth Chicago
Cattle and calves mostly steady with slow trade across San Antonio market and Fort Worth. Hogs active with good and choice weights 18 to 20 dollars. sheep and goats steady to higher with fresh lamb prices rising to around 32 dollars. Nearby Chicago prices show hogs 19 to 21 dollars and cattle mainly steady with select fed steers at 27 dollars.
MENTIONED IN THIS ARTICLE
San Antonio
Fort Worth
Chicago
Teamsters Reject Unified Member Checkup Plan
Twenty five New York locals of the AFL Teamsters Union vote against joining a nationwide truck halt to check drivers union membership. Two locals plan cooperation in the on the road checkup slated to start Friday and run two weeks. Dave Beck announced the plan as part of a broader organizing drive.
MENTIONED IN THIS ARTICLE
New York
AFL Teamsters Union
Dave Beck
AFL _ International Brotherhood of Teamsters
Metal Firm Reports Double Net Income
The Eagle-Pitcher Company of Cincinnati reported that its net profit for the quarter ended February 28 more than doubled year earlier. Profit stood at 1,551,388 dollars, or 1.74 dollars a share, versus 651,918 dollars or 0.73 a share in the same quarter of 1948.
MENTIONED IN THIS ARTICLE
New York
Eagle-Pitcher Company of
Cincinnati
Also Mentioned on This Page
Capital National Bank
Capitol
W. 6Th Ph
Cee
I Ak
Austin American
Austin, Texas
Tel & Tel
Atch
T&sf
Beth Steel
Cent Motors
Freeport Sylph
Elec
Gots
Goodrich
Greyhound Corp
Houston Oil
Int Harvester Eee
Kan City
Tex Gulf
Tide Wat
US Rubber
US Steel
West UN Tel Woolworth
Ark
Nat Gas
el Bond & &H
Humble Oil
M-K-T
St. Louis Sf
South Pac
Newmartes
York Ai
Great Britain
Great B
France
America
Argentina
Brazil
Mexico
A. W
Frigidaire
San Jacinto
Southern
Houston Breweries
Gebvesten
Ter
John C. Aycock
Kansas City Grain City
Kansas Wheat
Close
Milowgatee
Gatir
Chicago Cash Grain
Sweet Clover
Murray P. Ramsey
W. 5
Bill) Drake
Mdi
New Orlea
Galveston
Savannah
Charleston
Vere
Memphis
Edis Repts
Rock
Montgomery
Ewer
Chicago Livestock
Polk Shelton
W. S
R. K. Shannon
G. W. Shelfer
Frankfort Distillers Corp
N.Y
Royal Portable
Typewriter Exchange
Guadalupe
Diamond Importers
Congress Austin
Zale
Gorham Chantilly
Goanas Ewozssn
Gapacon
Goanam Kino Bowsan
Sterling Silver
Tag Nina
Congress
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