Markets drift through a quiet trading day on Wall Street
Stocks moved in a subdued session with a narrowly irregular close as winners and losers were evenly split. Volume totaled 770,160 shares, the smallest since April 4, with utilities and many indices showing weakness while a few issues gained from 1 to 2 points.
MENTIONED IN THIS ARTICLE
New York
Associated Press-Standard
Wall Street
National Recovery
Consolidated Gas
American
Public Service of
New Jersey
Reils
Interstate Commerce Commission
New York Central
Baltimore
Osio
Canadian Pacific
Pennsylvania
Santa Fe
Great Northern
Steel
United States
Steel Bethlehem
Republic
Curysier
Hercules Powder
Great Western Sugar
Endicott Johnson
Dunhill International
Reynolds Tobacco
Bond Prices Slump Slightly in Quiet August Trading
New York on August 7 bond prices eased to modestly lower levels in quiet trading. Totals reached 8.53 million dollars in par value with the average for 60 domestic corporate loans down about two tenths of a point. Rail issues showed a softer tone.
MENTIONED IN THIS ARTICLE
New York
Freight rates reduction pending after ICC rejection
Despite the Interstate Commerce Commission denying an immediate freight rate cut, a handful of car loadings show modest declines as observers await further action and broader market signals.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Government bonds close mixed on New York trading day
United States government bonds closed with Liberty 34s at 102.20, Treasury 44s at 110.2, Treasury 46 at 106.5, and Treasury 34s at 101.23, with Fourth 446 at 102.26. Prices reflect varied yields across issues.
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New York
United States
Liberty
Fourth
Treasury
Treasury Receipts and Expenditures Reported
The treasury on August 4 shows receipts of 13,238,284.53 and expenditures of 23,704,371.70, leaving a balance of 798,545,196.14. Custom duties for the month totaled 4,280,704.56. For the fiscal year from July 1, receipts amount to 201,856,891.96 and expenditures to 339,786,592.12, including 103,673,068.87 for emergency relief, an excess of expenditures of 137,929,700.16.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Pittsburgh Livestock Prices Report
Pittsburgh livestock market update for August 7 shows hogs active and slightly higher, cattle steady with good cows and vealers firmer, calves strong, sheep and lambs mixed with Virginias and West Virginias fetching up to 8.25, hogs at 5.10 for 190 lb direct sales and numerous price bands across weight classes.
MENTIONED IN THIS ARTICLE
West
Jersey City Livestock Market Report Cattle Prices
Jersey City stock report lists cattle sales on Aug 7 with 1 062 head including 77 direct. Steers 1090 to 1110 pounds steady. Virginia grade good 5.30 to 5.75. Bulls $2.00 to $3.25. Cows described with lower cuts to medium quality.
MENTIONED IN THIS ARTICLE
Jersey City
State Dept. of Agr
Mkts
Foreign exchange rates in New York on August 7
The New York foreign exchange market shows various currency demands and cable rates. Britain at 4.48, France 5.31 demand, Germany 32.37, Holland 54.75, Switzerland 26.23, Argentina 34.74, Mexico City silver peso 28.32, Tokyo 27.00, Shanghai 28.12, Montreal and New York-Montreal figures cited.
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New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Hongkong
Mexico City
Montreal
Butter Market Pauses As Undertone Remains Nervous
The Chicago butter market shows only fragile steadiness with an unsettled undertone. Prices for fresh 93 score are quoted around 204 cents per pound with 92 20 and 91 19 percent margins, while 90 and 89 sit near 19 and 18 percent respectively. centralized carlotes show 90 19s and 89 18 percent.
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Chicago
Call Money Rates Steady in New York Market
Call money in New York on August 7 remained steady at 1 percent for the day. Time loans showed narrow variations with 60 to 90 days around 1 1 percent and longer 4 to 5 months near 1 1 percent. Prime commercial paper held at 1 percent, while bankers acceptances stayed unchanged across 30 to 60 day and longer maturities with minimal % adjustments.
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New York
Chicago Livestock Prices and Trends From Aug 7 Market
Chicago reports combined hogs cattle calves and sheep trade with 40 000 hogs including 15 000 direct and 16 000 cattle and 13 000 sheep. Prices vary with weight and grade from 3.00 to 7.40 for cattle and 4.25 top for hogs, while sheep and lambs show steady to higher ranges and shippers receive best natives around 8.00.
MENTIONED IN THIS ARTICLE
Chicago
U. 8
S. Dept
Lancaster Livestock Sale Report August 7
Lancaster Pennsylvania livestock market report shows cattle steady with some loads at 7.40 and 7.15 for heavy dry fed and yearlings, respectively. Hogs steady with local choic hogs 5.75, calves up to 7.50, sheep steady to 8.00, receipts 1,717 cattle 332 calves 858 hogs 339 sheep.
MENTIONED IN THIS ARTICLE
Lancaster
Baltimore Livestock Prices Mixed as Cattle and Hogs Move
Baltimore market report lists 700 cattle with mixed demand and prices from 3.25 to 5.75 for various categories, 2,000 sheep and lambs rising with lambs at 5.25 to 5.50, 1,800 hogs down with lights at 4.65 and mediums 4.95 to 5.25, calves 3.75 to 6.00 for good to choice.
MENTIONED IN THIS ARTICLE
Baltimore
Pittsburgh Produce Prices August 7
Produce demand moderate in Pittsburgh. Apples vary by variety with prices: Delaware William Red medium 1.00 per basket. Gravenstein medium 1.10. Maryland Duchess large 1.25.
MENTIONED IN THIS ARTICLE
Pittsburgh
Delaware Williama
Maryland Duchess
Potato and butter price updates across states
Market notes show New Jersey and Maryland potato prices steady with 100 lb sacks varying from 2.65 to 2.75 dollars. Cobblers in Maryland and Long Island sacks listed alongside butter eggs and poultry unchanged.
MENTIONED IN THIS ARTICLE
New Jersey
Williams
Maryland
Long Island
New York Poultry and Dairy Prices Report
New York poultry markets show prices for dressed poultry and eggs moving: chickens and fowls mostly steady to weak, turkeys and ducks varied, butter and cheese mixed, eggs steady with mixed color packs and regional price references. Reports cite specific ranges for fresh and frozen goods and assorted quality grades in regional markets.
Grain price report from Toledo on August 7
Grain on track with bids for Wheat No 2 red at 914 to 92 and No 1 red at 924 to 93. Corn No 2 ert 53 to 54 four, No 3 yellow 6244 to 53, Oats No 2 ome 39 to 42, No 3 white 37 to 41. Grain in store and transit billing attached. Seeds in warehouse nominal with clover cash 8.59, Alsike 8.75, August 9.00.
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Toledo
Wheat Prices Edge Down On Visible Supply Rise
Chicago August 7 wheat prices averaged a little lower amid talk of a broader national recovery plan. The weekly visible supply rose by 3,057,000 bushels versus 992,000 a year earlier as walls closed easier. Corn and oats dropped modestly while provisions held steady to a 15 cent setback.
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Chicago
Wall Street Mixed as Stocks Idle in Dull Session
New York August 7 stocks idled on the curb exchange in a dull session with about 188000 shares traded versus 186000 the prior Friday. Fluctuations were narrow and the close was irregularly lower as utilities slipped and mining oils and distillery issues moved in narrow ranges.
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New York
Tranafere
Commonwealth and Edison
American Gas and Electric
Cotton Goods Market Trends In New York Trade
In New York on August 7 demand for cotton goods shows slow growth with higher prices hard to move. Producers tighten output and avoid stockpiling. Rayon firms work on their Washington code and report solid new business while silk moves slowly. Wool sector begins N R A code compliance with many new high prices. Burlaps steady, carpets and rugs gain 5 to 15 percent as buyers enter the markets.
MENTIONED IN THIS ARTICLE
New York
Washington
Egg and butter price report from Cincinnati market
The Cincinnati market reports mixed egg and butter prices with extra firsts at 14 percent, seconda at 10, nearby ungraded at 124 percent, butter creamery 20 and 22, No 2 packing stock 15, No 3 19, and butter fat at 16.
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Cincinnati
Wall Street Briefs: Tank car orders and wage hike plans
Allied Chemical orders 100 tank cars from American Car and Foundry. A E B Staley of Decatur Tennessee buys 21 cars from two manufacturers. Pullman Standard to build 21 cars for United Fruit. Tide Water Oil signs blanket code with national recovery program. General Motors announces 10 percent salaried pay rise effective August 1. Directors approve 25 cent quarterly dividend on common and 1.25 on 5 preferred stock.
MENTIONED IN THIS ARTICLE
Ing
Elec Sete
Allied Chemical
Erie Nernen Montane
Pac
Packard Motors
Allis Chalmers
Fed
Wat
Penick and Ford
Foster Wheeler
Penney
J. Thee Wee
Amer
Fox Film
Freeport Texas
Rolling Mills
Phillips Pet
Proctor and Gamble Pillsbury
Amer Steel Fdy
Acon 2M
En Motors
Pullman Serene Ene We
Ike Amer T
Gillette Safety
Radio Co i
Aimer
Orpheum
Water Works Aware It
Remington
Anaconda Corpstoaeeee
Baldwin
Loco
Tree Seeeeee
Hupp Motors
OM Shattuck Wee Settee
Ilinois Central Oe
ST Am
Simmons Bed
Int Harvester
Envy Vacuum
Il Barnsdall
Teelite International Shoe
Calif. Edison Oe
Bendix Aviation
Nickel Reneeereee
Sug. Ae
Best and Co
Trans
U Johng-Manville
Standard Brands
Brooklyn Man
Kelvinator
Standard Gas
Brooklyn-Union Gas
Kennecott
Copper Cove
Standard Oil Cal
Briggs Mix
Standard Oil N. J
Kroger Grace
Stewart Warner Canadian Pacific
Lambert Co, Sone BG
Stone and Webster
Studebaker
Liggett and Myers
Texas Corp
Lowe's Inc
Ss S
Lorillard Tob
Transamerica Corp
Lou. Gas and Elec, Id
Union Carbide
Chicago Northwestern
Weer
McKesson Wd Robbins A
Union Pacific
Magma Ceeeseas
U United Pareeer
Bile Chrysler Coca-Cola
Mathieson Alkali
Unite Ween We
United Compe
Columbian Carbona
Pet
United Gas
Impr
Io Col
Blee
Montgomery Ward
S. Pipe
Eee
Continental Ins
Nat
Warner Bros
Nat Distillers
Eeees
Western Maryland
Nat, Pow. and
Stees
Western Union
Westinghouse
North Amer. Aviation
Worthington Pump
Dees
New York
Allied Chemical and Dye Corporation
American Car and Foundry Company
A. E B. Staley Manufacturing Company
Decatur Tu
General American Tank Car Corporation
Pullman Standard Car Export Company
United Fruit Company
FE. L. Shea
Tide Water Oil Company
National Industrial Recovery Program
General Motora Corporation Today
General Motore Corporation
Trade trends and copper outlook in NA A code era
Trade Trends Textiles reports the textile designing guild operating under a temporary code aligned with the NRA, awaiting administration review with sponsors hopeful for better conditions and client cooperation. Copper refiners expect price relief as stocks shrink despite surplus, noting domestic production limits under the NRA proposal to 20 percent of capacity.
MENTIONED IN THIS ARTICLE
Textile Designing Guild of American
N. Ff. A
Grain exchanges act on farm demands
Washington August 7 grain exchanges respond to farm administrators demand for exchange practices and code of exchange. The report notes market measures under consideration to ease trading and improve transparency amid growing farm pressure.
MENTIONED IN THIS ARTICLE
Washington
Grain Exchange reforms eyed after price collapse
Administrators plan to submit a code of exchange practices amid a push to regulate the grain market. George N. Peek warned that if firms do not reform, the administration will impose a master code covering mills, elevators, and country operations. A study in Chicago probes speculation factors behind the price drop and rapid price declines, with a pending report before final measures.
MENTIONED IN THIS ARTICLE
George N. Peek
Grain Futures Administration
Chicago
Youth With Sewed Up Heart Alive After Stabbing
Chicago reports a 16 year old, Elihu Garmissa, survived a stabbing after Dr J D Koucky performed an emergency heart repair at Lutheran Deaconess hospital. The heart stopped briefly but resumed beating after the operation, with a 75 percent recovery chance and infection risk noted. The assailant fled as the youth walked home.
MENTIONED IN THIS ARTICLE
Chicago
Elihu Garmissa
Lutheran Deaconess Hospital
J. D. Koucky
University of Illinois School of Medicine
Wen
A. A. A exceeds quota in membership drive
West Virginia has surpassed its goal in a statewide development campaign sponsored by auto mobile clubs. Miss Pearle A. Brammer, secretary of the Bluefield club, announced 1,099 members enrolled against an objective of 1,900. The program will launch again to publicize the state and attract tourists.
MENTIONED IN THIS ARTICLE
West Virginia
Pearle A. Brammer
Bluefield Club
Miss Brammer
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