Stocks End Near Lows As Rails Fail To Rally
New York trading ends irregular with small gains in many industries while rails fail to recover. Declines in major carriers and several rail issues mark the day as liquidation pressures appear. Energy prices and crude oil stabilization overtures from Shell mix with muted retail improvement in the session.
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New York
Rails
New York Central
Lackawanna
Nickel Plate
Jersey Central
Frisco
Southern Railway
Texas and Pacific
Louisville
Nashville
Royal Dutch Shell Group
Eastman Kodak
Coca Cola
Firestone Rubber
Atchison
General Electric
Bethlehem Steel
Sears Roebuck
Westinghouse
New Bond Market Slump Follows New 1930 Law
New York reports pressure against carrier obligations unsettles domestic bonds. Losses of two points or more spread across rail bonds as the market trends to yearly lows. Trading was active with sellers dominant in the week’s busiest session. US government issues firmed slightly while German and other foreign obligations showed strength. Alleghany corporation issues led a notable drop in the rail group, with 4% and 5% bonds of 1949-44 sliding sharply.
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New York
United States
Alleghany
Government Bonds And Money Rates In New York
United States government bond prices closed with modest changes as quotes show Treasury 3% at 102.9 and other issues around 101.27 to 113. Call money remained steady while time loans eased to 60 90 days at about 2 3 percent. Prime commercial paper held at 2 3 percent and bankers accepts remained unchanged.
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New York
United State Government
Ee Eee
SUG Lancescavtensecens Snes
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Eee
Treasury
New York Clearing House Reports Big Exchange Balances
The Dec 5 clearing house statement shows exchanges at 851,000,009 dollars with balances totaling 121,900,000 dollars. The report highlights the heavy activity in the custody and settlement of funds across banks.
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New York
Foreign exchange rates and demands listed in New York
Irregular foreign exchange rates noted in New York with Great Britain at 4.85 percent for both demand and cables. Rates for France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal vary widely with numerous bid values and demands.
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Rumania
Argentine
Brazil
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Shanghai
Montreal
Textile Market Report From New York Shows Modest Demand
New York market notes cotton goods selling in moderate lots with slight price dips on gray cloth. Printed goods sales steady. New worsted crapes and spring flannels priced at about 1 dollar per yard. Rayon purchases moderate, focused on fine denier and full lustre. Silk goods show improved demand for early needs.
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New York
Produce prices move slowly in Pittsburgh market report
Pittsburgh market notes slow demand for produce dated December 5. Apples listed by variety with several regional prices. Cabbage and Onions show modest gains. Potatoes stronger with Maine Green Mountains and Pennsylvania whites cited. butter eggs cheese unchanged. poultry prices for turkeys 20 to 25 cents.
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U. S
Dept
New York
Hubbardstons
Virginia
Pennsylvania
Indiana
Michigan
Maine
Green Mountains
Sacha
Poultry Prices in New York Fresh Produce Market
New York December 5 Poultry prices show steady overall demand. Turkeys and fresh items listed with varying rates for live chickens fowls broilers and roosters by freight or express. Eyes 11966 steady with mixed colors and extra grades quoted. regional hennery white and brown lines noted with specific price ranges.
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Hennery Brown
Hennery
Pacific Coast
Pittsburgh Livestock Market Report for Hogs Cattle and Sheep
Pittsburgh market notes December 5 shows hogs mostly 10 cents lower with various weight classes trading from 6.75 to 9.00 per cwt for different grades, packing sows 6.75 to 7.50, slaughter pigs around 8.40 to 8.80. Cattle offerings include steers 900 to 1100 pounds at 8.75 to 9.50, other steers 8.50 to 9.66, heifers 7.25 to 8.00, cows 4.00 to 6.25, bulls 5.75 to 6.50, calves 10.50 to 13.50 for milk fed, lighter values elsewhere. Sheep and yearlings overall weak with lambs 7.25 to 8.75, and other ranges 2.25 to 6.00.
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Pittsburgh
Flour Prices Steady Amid Markets In New York
New York reports flour prices unchanged as of December 5. Market observers note stable cost levels with no major shifts or disruptions in supply or demand.
Baltimore Livestock Market Receipts and Prices
Cattle receipts 700 with ranges for steers bulls cows and heifers. Fresh cows and springers listed. Sheep and lambs receipts 500 with price ranges for sheep and lambs. Hog categories including lights heavies mediums roughs and pigs given. Calves traded at 5.00.
Chicago Grain Market Moves Amid Mixed Corn Wheat Shifts
Chicago on December 5 reports enlarged grain receipts at major centers pressure corn values. Corn closes 1.5 to 2.5 cents lower. wheat ends irregular from 0.5 to 1.25 cents down to up as government sources provide support. Plats show variations with declines toward 15 cents for some futures.
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Chicago
Butter Market Nervous on Dec 6 in Chicago
Butter prices show volatility with unsettled trading. Fresh: 93 score A41Gc, 91 score R24gc, 90 score Bitgc, 89 score B01gc, 88 price 29¢, 87 price 27¢. Centralized: 90 score 32c, 89 score 30¢4? with BS at 2c.
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Chicago
Hutter
Toledo grain report notes corn and oats prices
Toledo market AR notes Corn No 2 yellow at 82483 and Oats No 2 white MwA listed for December 6 with price figures and quality descriptors.
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Toledo
Oho
Sugar futures hold steady as market ends firmer
New York sugar futures closed mixed with gains across most futures curves. December 1.33, January 1.34, March 1.41, May 1.49, July 1.66, September 1.62 with No. 2 Refined unchanged as raw sugar remained quiet.
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New York
Chicago Livestock Prices Report Dec 5
Chicago livestock market snapshot shows hogs 309,000 head with direct sales down to 10,000. cattle and calves steady to active with fat steers and yearlings trading around 7.50 to 11.26. cows, bulls, vealers and sheep all listed with price ranges and weights across multiple classes. Fresh feeders scarce, lambs and ewes priced by weight and quality, packing sows and slaughter pigs cited with varying values.
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Chicago
U. S. Dept
Wall Street Briefs Big week for failures and gains
New York reports a rise in business failures with 598 delinquencies in the United States, up 29 from the prior week and 455 a year ago. Insolvencies above 5 000 rise to 379. McLellan Stores November sales total 2 081 068, down 10.8 percent from last year. first eleven months sales rise 3.7 percent. R H Gibson buys W D Hord in Cincinnati. H H Franklin appoints F J Haynes as vice president and director. Construction contracts awarded in November reach 789 334 000, up from October totals.
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New York
United States
R. G. Dun and Company
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Engineering News-Record awards rise in early 1990 period
The magazine notes total awards for eleven months of 1990 reached 3,000,246,000 against 3,759,107,000 in the same period last year, with four weeks of November 1929 totaling 668,000.
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Engineering News-Record
Future curtailment in crude oil urged
New York December 5 royal dutch shell officials urged further curtailment of crude oil production and price maintenance to sustain small producers with limited output. Richard Airey of Royal Dutch American operations said the oil industry should act as copper and steel have to strengthen its position amid rising competition.
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Royal Dutch Shell Group
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United States
Ingot Production in November Declines
New York December 5. Steel ingot production in November fell to about 89 378 gross tons per day the lowest since June 1924 and the smallest for November since 1921. Compared with October 100 706 tons daily. Monthly output for all companies 2 234 482 graves tons with 44 64 percent of capacity. November last year 5 521 111 tons 135 427 tons daily and 69 06 percent.
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New York
American Iron and Steelnstitate
Urges Curtailment in Production of Mines
R E Tally of New York told the American Mining Congress that stabilizing the mining industry requires curtailing production to match supply and demand. He urged modifying anti trust laws and said a special congressional committee will study zinc iron lead copper and coal associations for possible recommendations to Congress. The gathering adjourns after a coal mining section on preventing fires and explosions.
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State Supreme Court Rules in Barbour Case
Charleston, December 5. The West Virginia Supreme Court allowed an appeal and a writ of error in two Barbour County cases. The first concerned Minnie O Woodford and Walter L Woodford where divorce was granted but alimony denied. The second involved George Haller convicted of moonshine operation.
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Wheeler Attacks Indian Affairs Office at Senate Hearing
Senator Wheeler of Montana condemned the Indian Affairs Administration as criminally negligent at a Senate Indian Affairs subcommittee hearing. He accused the department of starving wards and idle field agents while Interior official Joseph M. Nixon defended some farm supervisors noting one exemplary worker.
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Validity of Radio Act Challenged in High Court
Three Chicago stations WROW WMBB and WOK argued in the Supreme Court that the 1927 radio act overstepped Congress power by authorizing the Federal Radio Commission to refuse license renewals without compensation. They claim orders reducing power or removing stations amounted to taking property without due process. the government denies this property rights claim.
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Bluefield Industrial Build Coal Co. City Service Common Closed
The record shows Bluefield Industrial Build, Cr'k Coal Co., and Cities Service Common shares closed on December, with Indian Territory Nurmi mappings and a Dec. 5 close at 70.00, plus 18 percent and 18 Standard Oil and Gas Supply Harvey System shares, including 5 shares preferred at 1,020.00 and 55.00.
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