General industrial stocks reach historic highs amid market rally
Spectators watched a broad stock advance push the general industrial average to a record high and the railroad index to levels not seen since 1917. Cheaper money, rising trade, and strong dividends spurred gains as oils rose fractionally and many high priced issues hit new peaks, with notable leaders including American Can, General Electric, and Mack Trucks.
MENTIONED IN THIS ARTICLE
New York
Aus
Commission House
American Can
General Electric
International Telephone
Dupont
General Motors
United States
Sears Roebuck
Chicago
Rails
Norfolk and Western
New Haven
New York Ontario
Estorm
Common
Wabash
Great Northern
Seaboard Air Line
Western Pacific
Lackawanna Ji
American Safety Razor
Commercial Solvents A
Federal Mini and
Lamelting Preferred
General Outdoor Advertising
International Business Machine
International Harvester
Sloss-Sheffield
South
Porto Rico
United Railways Investment Served
Westinghouse Air B
Bond market averages and totals dip on New York trading
Transactions in bonds again were on a subdued level in New York with first grade rails and public utilities showing minor changes. The report lists first grade rails at 88.81 to 8.82, secondaries around 89.52 to 89.42, utilities near 91.96, and Industrials at 97.35 to 97.22 with combined averages about 91.91 and 92.68 for the month. Total bonds sold reached 8.909 million dollars as markets paused.
MENTIONED IN THIS ARTICLE
Frj. Thurs
Rail and foreign bonds advance amid light trading
Small scale today with evidences of better investment buying and a stronger tone across the list. Norfolk and Western convertible 6s led gains near 138. Kansas City Southern fives rose about 1 point amid modest advances by Seaboard funding fours and other rails. several foreign issues firmed, notably French 8s near 104 3/4 before closing with a minor loss, while others in Europe edged up slightly. Industrials were quiet and government issues remained flat with little change.
MENTIONED IN THIS ARTICLE
Norfolk and Western
Iseue
Kansas City
Seaboard
St. Paul-Kansas City
Chicago and
Western Indiana
D and H
Southern Railway
Chesapeake and Ohio
St. Paul
Bolivia
Finland
Shelly
Republic Steel
Pacific Gas and Electric
Kansas City Power
Dodge Brothers
United States
Foreign Exchange Rates Published From New York
Foreign exchanges steady with modest shifts in several currencies. Rates shown in cents and francs include Great Britain 4.55 5-8, 4.85 7-8 cables. French francs 4.67. Italy 4.61, Belgium 4.50. Germany 23.80. Sweden 2.685 1-2. Denmark 22.85. Switzerland 19.41 1-2. Spain 14.43. Argentina 40.37. Brazil 12.00. Shanghai 78 5-8. Montreal 100 1.16.
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New York
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho Slovakia
Jugo Slavia
Austria
Roumania
Argentina
Brazil
Toko
Shanghai
Montreal
Money market steady with multiple rates in New York
Call money in New York August 14 remains steady with ruling rate at 4 percent. Closing bids and last loans sit at 4 percent. call loans against acceptance at 3 1 2 percent. Time loans ease with mixed collateral 60 to 90 days at 4 1 4. 44 months at 4 1 2. Prime commercial paper at 4 percent.
MENTIONED IN THIS ARTICLE
New York
Government bonds close in New York on August auctions
United States government bonds closed with Liberty 3 1-28 at 100.25 and various issues around 100 to 106. Lib erty fourth 4 1-48 at 102.4, treasury 4's at 102.16, do 4 1-48 at 106.2. First 4 1-48 at 101.23, second 4 1-48 at 100.28, third 4 1-4 at 101.12.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Livestock Cattle Trade Mixed In Chicago Market
Chicago stockyards report cattle numbers at 3,000 with a generally even tone and a cleanup trade dominating on most killing classes as buyers cover offerings and sellers adjust expectations.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Auction Report Shows Mixed Yearling and Hog Trends
The sale opened mostly higher on steady demand with hogs 15 000 head, bulk cattle 12 60 13 50 and packer bids down 1 to 15 cents from yesterday. Sheep steady with best fat lambs around 15 50 and feeder lambs to 16 50, ewes and heavies trading lower.
MENTIONED IN THIS ARTICLE
Kansas
Dry Goods Trade Report From New York
Cotton goods were barely offered with moderate trade activity. Finished goods sold in small dress fabric lots. About 500000 pounds of yarn for insulating firms booked for October November, below current quotes for 20s 30s and 40s. Wool markets softer locally as buyers were light. Raw silk up five cents per pound on strong Yokohama demand. Continuous solid fabric sales noted.
MENTIONED IN THIS ARTICLE
New York
Yokohama
Sugar Market Advances on Cuban and Store Sugar
New York reports an advance of 1.82 cents in the raw sugar market on sales totaling 77,000 bags Cuban at 4.33 duty paid and unsold store stock at 4.31 duty paid. Refined sugar prices remained unchanged.
MENTIONED IN THIS ARTICLE
New York
Wool Market Activity Holds Steady in Boston Trade
Wool prices show modest firming in certain ranges as buyers from manufacturers pick up domestic territory and fine Australian wools. Activity remains limited with only small gains noted.
MENTIONED IN THIS ARTICLE
Boston
Mila Week Price Report
The listing notes a price of 1.12 for Mila items and references a two dollar weekly rate.
Chicago Butter Market Holds Steady As Buyers Stand Pat
Chicago August 14 buyers show fair interest but hesitate to pay above listed prices. Market zone stays steady with 90 point cars light in supply while 88 and 89 cars are more available and firmly held. Fresh 92 score 42 1 2, centralized 90 score 41.
MENTIONED IN THIS ARTICLE
Chicago
Fresh
Grain futures retreat on favorable Europe weather and new crop arrivals
Chicago grain futures weakened as new crop grain from the U S trimmed prices amid improving European weather. Wheat lost 3 1-8 to 4 6-8 cents and settled down 1.60 1-2 to 160 6-8, while December moved 158 3-4 to 168 7-44. Corn rose up to 1 1-8, oats fell 3-8 to 5-8, and provisions varied from slight declines to small gains.
MENTIONED IN THIS ARTICLE
Chicago
Winssees
Europe
Dairy Prices and Receipts Report for New York
New York dairy market: butter steady with receipts of 12 051 pounds and creamery butter higher by 43 1 4 to 43 3 4 for extras 92 score 42 1 2 to 42 3 4 for ex tras 88 to 91 score 41 42 1 4. Eggs steady with receipts 19 561. Cheese quiet with receipts 203 964 pounds.
MENTIONED IN THIS ARTICLE
New York
Grain price report from Toledo market listings
Seed Toledo reports prices for red wheat, clover cash, timothy cash, and futures bids. Notable figures include No. 2 red wheat 1.69 1.70, clover 17.20, October 16.75, December 4.05 bid, and timothy 3.85 to 4.25.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Clover Cash
Aisike
Timothy Cash
Real estate transfers filed in Bluefield and Princeton
Real estate transfers recorded include T O S Wilson to E B Lilly lot 1 section 43 Bluefield for 300 and T O J Wilson to C Lilly lot 4 section 42 Bluefield. Mastin to W C Gregg lot 14 section 207 Bluefield for 1 and D M Greeg to Mastin lot 14 section 307 Bluefield for 200. Stovall to James V Anderson part of lot 4 section 857 Bluefield for 1000. Bluefield Development Co to F E Wright lots 6 6 and 7 section 215 Bluefield for 3850. Mullens to W H Dunford lots 27 28 section 12 Roundhouse Princeton for 1400. Lilly lot 5 section 42 Bluefield. Wright to Bluefield Development Co to 5 6 and 7 section 215 Bluefield for 3800.
MENTIONED IN THIS ARTICLE
T. O'S. Wilson
E. B Lilly
Bluefield
T. O'J. Wilson
C. &. Lilly
K. C. Mastin
W. C. Gregg
D. M. Greeg
George P. Stovall
James V. Anderson
Bluefield Development Co
F. E.wright
William Mullens
W. H. Dunford
Roundhouse
Princeton
F. B. Wright
Bluefield Development Company
Corporation
Livestock Prices Reported From Richmond Markets
Richmond market report shows heavy demand for live poultry with weaker prices. Chickens and leghorns listed with weights and price ranges. butter and dairy products show steady demand with various pack and creamery prices. cattle and calves in Jersey City receipts noted with active but steady calf prices as high as 15 dollars for top Southern calves.
MENTIONED IN THIS ARTICLE
Richmond
State
Det of Agriculture
Market Report Shows Steady Livestock Demand and Slack Lamb Trade
Kentucky and regional cattle futures show steady stocker and feeder interest with bulk cattle prices in the 5.25 to 6.60 range for common to medium grades. Lambs remain slow with top loads around 16.25 and bulk better lambs 15.50 to 16. sheep hold steady while Jersey City receipts total 2,930 with 680 direct. Palestine notes tobacco cultivation progress in recent years.
MENTIONED IN THIS ARTICLE
Jersey City
Plans for Champ Clark monument in Bowling Green
Preliminary plans were reviewed by the Champ Clark monument commission in St. Louis for a $25,000 memorial to the late Speaker Champ Clark. The monument would be built on Bowling Green Court Square in Clark’s hometown, funded by a state appropriation approved by the legislature.
MENTIONED IN THIS ARTICLE
St. Louis
Champ Clark
Bowling Green
Missouri
Clark
Ruby rush in Mogok district sparks mining fever
Rangoon reports a new ruby rush after the discovery of a valuable ruby mine in Mogok district. Many prospectors entering the region have contracted malaria, highlighting the health risk tied to the boom.
MENTIONED IN THIS ARTICLE
Rangoon
Mogok
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