Strength of Rail Shares Guides Uneven Market Movements
Stock market notes show rail shares led gains while motors and several industrials lagged. Heavy volume 2,021,400 shares as investors eyed earnings, mergers, and possible special dividends amid a French franc collapse and commodity price rally. Pan-American and Western Union posted gains. Chrysler surged before retreating. U S Steel inched higher, while several auto and parts firms retreated on profit-taking.
MENTIONED IN THIS ARTICLE
Art Kovernment
Inots Central
Preferred
Pennsylvania
Atchison, New Haven
Southern
Chesapeake and Ohio
Chicago and Northwestern
Nickel Plate
Atlantic Coast Line
Norfolk and Western
Western Pacific
Op Pan-American
Motors
Chrysler
Hudson
General Motors
Chandler
Fisher Body
Packard
Timken
White
New York Stocks End Mixed After Rail Raises Lead
Stocks closed with weakness in French bonds while domestic issues rose. Rail shares rallied, lifting carrier bonds to new highs for the year as Norfolk and Western and Ches— led gains among railroad issues amid broader market strength.
MENTIONED IN THIS ARTICLE
New York
Loucheur
Norfolk and Western Convert
Convertible bonds lift market amid mixed oil group action
Cheseapeake and Ohio convertibles rose as oil shares rallied with Skelly and Pan American advancing. Public offerings by Halsey Stuart will issue 6 million Consumers Company 6 percent bonds due 1946 at 98 yielding over 6.15 percent.
MENTIONED IN THIS ARTICLE
Apeake
Ohio Convertibles
Skelly G%s
Pan- American
Aote
Halsey, Stuart & Co
Government Bonds Market Report New York December
Government bond prices quoted with Liberty issues at 2 percent and 4 percent ranges. Liberty bonds listed at 9.26 and 101.27 for the first and second issues, with 4% issues around 100.31 and 102. Treasury securities show 4s at 102.30 and 106.10.
MENTIONED IN THIS ARTICLE
New York
Siceote
Liberty
Iiberty
Ird
Treasury
Call Money Market Report Thaws in New York
Call money in New York on December 15 shows easier conditions. High 5, low 6, ruling rate 6, closing bid 5, offered at 5 percent, last loan 6 percent. Call loans against acceptances 4 percent. time loans steady. Mixed collateral 60 to 90 days at 4 percent. 4 to 6 months at 4 percent. 6 percent prime mercantile paper at 4 percent.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Foreign exchange rates in New York as trading ends
Foreign exchanges show irregular activity in New York with quotes across major currencies. Rates listed include Great Britain at 4849/16 demand and 4.8416/16 cables, France 3.68/3.69, Germany 23.80, Switzerland 19.28, Brazil 14.20, Shanghai 77%, and Montreal 99 31/32.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Switzerland
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Austria
Rumania
Arna
Brazil
Tokylo
Shanghai
Montreal
Chicago Livestock Prices and Receipts Report
Chicago cattle receipts at 11 000 head with auctions slow to close. Heavies and prime steers weakened from early gains with prime 1326 pound averages at 14.40. Best yearlings 13.00, bulk fat cattle 11.25, stockers steady to 25 cents lower as shippers fill orders.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Market Report Mixed Despite Abundant Shipper Volume
Beef and pork prices show choppy moves with bulk steady to higher on certain weights while heavy and ultra light categories ease. Shippers move 13,000 cattle and 11,000 sheep with estimated holdovers of 13,000 and feeding lambs firm to higher amid steady to weaker fat sheep.
Real Estate in City Sees Cash Deals and Paper Terms
Real estate activity covers all city areas with cash and paper terms as the Wall Street office promotes property sales. Virginian Railway directors raise common stock to six percent awaiting Norfolk and Western lease approval. Lease would guarantee six percent net to Virginian stockholders. opponents push for leverage elsewhere. Vast West Williamson lots drive thousands of future homes.
MENTIONED IN THIS ARTICLE
Wall Street
City
Virginian Railway
Norfolk and Western Railroad
Virginian
Norfolk and Western
N. and W
Pennsylvania
West Williamson
Lamb Market Prices and Ranges Listed in Daily Brief
The report lists lambs at top quoted $16.25 and best fat lambs around $16.65. Yearling wethers fetch $13.00 while bulk desirable fat ewes run $7.50 to $8.50. Heavies trend downward to $7.00 with loads moving out of second hands.
Grain and forage price quotes from Toledo market
Seed Commodities list shows Wheat cash at 1.86 with sessions noted. Clover domestic at 18.75 cash with December January terms and 15.00 asked for March. Timothy cash and December at 3.50 with March at 3.65.
MENTIONED IN THIS ARTICLE
Toledo
Timothy
Argentine losses lift Chicago wheat prices on export demand
Chicago on December 16 reported a 6 cent rise in wheat as Argentina officially confirmed huge crop losses and European buyers stepped into Canadian grain. The market closed near the day’s top level with a 7 to 5 cent net advance, trading around 1.71% per bushel.
MENTIONED IN THIS ARTICLE
Chicago
Argentina
Market Wordings on May Commodities See Small Gains
May figures show slight increases across grain and livestock futures with corn climbing modestly, oats edging higher, and provisions prices up by about 3.65 cents, reflecting cautious trading activity in the market.
Cotton goods markets show quiet steadiness in New York
DRY GOODS New York reports quiet cotton goods trading with steadier gray goods and freer sales of lapped items at new low prices. Napped goods fall one to two cents per pound from last year while burlap remains firm in Calcutta and steady locally. Purchases focus on nearby delivery as carpet and rug list prices rise after notable mill sales. New sport woolen lines for women's wear appear in pastel and coarse yarns as wool markets stay steady and raw silk strengthens with cautious buying.
MENTIONED IN THIS ARTICLE
New York
Arns
Calcutta
Poultry Prices and Freight Rates Listed
Poultry freight and express rates seen with 23 26c for freight, 32c for freight on broilers, 35c by express, and similar prices for roosters ducks and turkeys. Regional price ranges show western coving 48 52c and southern 44 50c with fowls at 18 36c.
MENTIONED IN THIS ARTICLE
Express
Lowis Ty Trelat
Southern
Butter Prices Slip as Liberal Offerings Decline
Chicago traders report 92-score butter down half a cent with sales as low as 45 cents. At close dealers hold to 45 and a half cents, with premiums asked in some areas. Trade remains dull as buyers show little interest and the market tone remains barely steady. Fresh 92-score quoted at 45 and 45 cents. 90-score at 44 cents. 50-score at 44 cents. 89-score at 43 cents.
MENTIONED IN THIS ARTICLE
Chicago
Sugar Market Advances in New York on December 16
The raw sugar market rose 3/32 cent to 4.15 for Cuban duty paid with improved demand. About 104000 bags of Cuban for prompt shipment were booked at the quoted price. Futures gained 10 to 12 points with December at 2.51 and May at 2.57, while refined price ranges held 5.00 to 5.50 per hundredweight.
MENTIONED IN THIS ARTICLE
New York
Wall Street Briefs Tax Collections Dip In Early Trade
New York December 15 The turnover of several hundred million dollars in tax collections and interest payments on government and corporate securities was reported in early trading.
MENTIONED IN THIS ARTICLE
New York
Financial market steadiness and dividend actions noted
Banks withdrew about 15 million dollars from the call market while funds remained ample and the rate stayed at 5 percent. Britain paid 92.21 million dollars to the United States, including 68.31 million in interest and 24 million in principal, via J P Morgan fiscal agents. Sadium Steel mulls a 6 percent annual stock dividend payable quarterly and possible stock increase to support it, joining other firms with similar moves. New York financial houses declared extra dividends, including Title Guaranty and Trust and Empire Trust Company.
MENTIONED IN THIS ARTICLE
Great Britain
United States
J. P. More & Co
Fish
Federal Reserve Bank of New York
Sadium Steel Company
North American
Continental Can
United Cigar
Kelvinator
New York
Guaranty and Trust
Empire Trust Company
Mortgage, 1 Percent Ex-American Exc Securities
Initial dividend of 50 cents on the close. The Midland Steel Products Co will retire on 15 the balance of $230,000 of the $2,500,000 issue of 7 percent convertible bonds still outstanding. J P Warren, president of the Penn Seaboard Steel Co, announced the corn has closed a contract with one automobile manufacturer for sufficient tonnage to keep one of the company's plants operating through the first quarter. Corn is attacked by 300 different insects.
MENTIONED IN THIS ARTICLE
American Exc Securities Corporation
Midland Steel Products Comy
J. P. Warren
Penn Seaboard Steel Company
Corn
Sa Cient
Williamson gateway to the Billion Dollar Coal Field
Williamson is portrayed as the gateway to a vast coal field with abundant money prospects in real estate. The piece urges readers to act slowly, noting missed opportunities and suggesting future wealth will be needed to invest. The column closes with a jumble of names and a brief streetwise pitch.
MENTIONED IN THIS ARTICLE
Williamson
Wall Street
Wm F. Toney
Pocahontas
Ral
Tidewater
Great Lakes
United States
Posshintae
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BY Akern
Vavice Ui
Iyea
Indus
Lumium Steel
American Ice
American Republics
Montgomery Ward
New York Canners
Standard Milling
Weber & Het!broner
Lincoln
D. A. Garrett
S. C. Slaven
J. D. Ridinger
Bluefield, W. VA
Coal Property
H Valley Lumber Toh
Ational ‘ Rage, Inc
Ilarney
Makeless Coal
Semihale and Shepherd Menuns
Kenandoan Life Insure Co
W. M. Ritter
Ted Ash Coalling
Hardwart
Coton Coal Co
Wefield
East Ra
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Tochburg
Miphie
Roanoke
Bomason Te Oriola
Shumbe
Breeres Kenova
Cincinnati
A.innati
Chirieston
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Trstemouth
Nor
J. Wiley, Ticket Gilefield
Allied A
American Can
Jonellien Car and ‘Foundry
American Ruger
American Tel
Tel
American Tobacco
Atchison
Atlantic Coal Line
Central Tgether
Cerro de Pasco
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Crucible Steel
Cuba
Ead DE -Cnvese Sie
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Bernard MecClaugherty
W. C. Given
the Commercial Bank of
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Law & Commerce
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Wall Street Briefs
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Liberal Interest
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Bland St
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H. R. Hawthorne
O. L. Alexander
Pocahontas Fuel Company
Wrede Bort
P. Tas
K. F
Estnee Fuel Seenpany. Incorporated
Virginia
No Fvetn
Broadway
Orfolk
Mass
Board of Trade
OFIO
Trectioneatia Ne — NI
Ontas Wharf
Foot Moulten St
Portland
Urfield
Pocahontas Building
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Hillman Street
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Norfolk
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