Markets Show Heavy Liquidation Across High Grade Stock Prices
A broad liquidation hit the security markets with heavy selling in top stocks and few bonds. The decline accelerated after Hoover's senate address and the failed manufacturers sales tax vote. Major names such as American Telephone, United States Steel, and General Electric fell several points as foreign exchange drifted lower.
MENTIONED IN THIS ARTICLE
New York
Statistics Associated Press
Hoover
Senate
Europe
Bruening
Germany
Lausanne
American Telephone
Consolidated Gas of
Allied Chemical
American Tobacco
United States Steel
Bethlehem Steel
General Electric
National Biscuit
Woolworth
Santa Fe
Pennsylvania
New York Central
Public Service of New Jersey
Corn Products
United Gas Improvement
Standard Oil of
New Jersey
National Blacuit Preferred
Bond Market Ends Mixed After Heavy Liquidation
The New York bond market faced severe liquidation with total sales around $12.99 million. Railroad issues dropped sharply with Norfolk and Western consolidated 4s down about 6.25 points as traders noted no fresh catalysts.
MENTIONED IN THIS ARTICLE
New York
Rial
Norfolk and Western Consolidated
New York Stock Exchange Quotations and Exchange Listings
Quotations and listings from the New York Stock Exchange and associated exchanges. Contact details for Bryan Kemp and Company with offices in Bluefield West Virginia. Managers James Bb. Mann and Jack R. Younger noted for office leadership and assistant management.
MENTIONED IN THIS ARTICLE
N. Y. Stock Exchange
Bryan, Kemp
and Company
Market Decline Deepens as French Despondency Spreads
In market chatter the de moralized tone is blamed on a French wave of despondency that hit securities across the board. Further selling of collateral loans found buyers scarce except at their own terms with government issues dropping sharply and some loans down more than a point.
Curb Market Slips as Utilities Stocks Bear Down
New York curb market retreated with utilities and oils under pressure. Trading volume reached 220000 shares, up from the prior session. Cities Service issues fell after dividend news but showed some recovery. City Service common closed up 1 8, while power and light preferred eased then rallied. Electric bond and share hit a new low, and Indiana traded heavily but closed modestly lower.
MENTIONED IN THIS ARTICLE
New York
Financial News
Eickers
Oits
Indiana
Foreign exchange rates and notes May 31 in New York
The report lists easy foreign exchange rates for Great Britain France Italy and others with demand and cable figures in dollars and cents. It covers a wide range of currencies including Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Yugoslavia Austria Romania Argentina Brazil and mentions Tokyo Shanghai Montreal and Mexico City with given values. Note states demand rates are nominal.
MENTIONED IN THIS ARTICLE
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
Montreal
Mexico City
Government Bonds Report From New York Clearing Prices
Government bond market in New York closed with Liberty 3 448 at 100.8 and First 4s at 101.18. Treasury issues showed 4 4 4 8 at 102.8 and 4% at 99.29 while 3s traded near 97.4.
MENTIONED IN THIS ARTICLE
Uet al Tot
New York
United States
Liberty
Treasury
Treasury Receipts and Expenditures for May Mentioned
Treasury receipts for May 27 totaled 3 549 683.34 dollars while expenditures reached 13 212 531.86 dollars leaving a balance of 405 916 952.89 dollars. Customs duties for the first twenty seven days of May amounted to 16 453 359.03 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Call money and bank paper steady in New York market
New York May 31 call money unchanged at 21 päivä all day. Time loans hold 114 percent for 60 90 days and 14 percent for 4 to 6 months. Prime commercial paper at 2 3 4 percent. Bankers acceptances steady with 30 days at 17 percent, 60 90 days at 17 percent, 4 to 14 at 1, 5 6 months at 1 percent.
MENTIONED IN THIS ARTICLE
New York
Wall Street Briefs May 31 Optimistic on Steel Demand
The American Metal Market notes steady steel demand through June and July with no seasonal dip. Westinghouse Electric workers campaign continues into June, forecasting over one million dollars in May sales. Illinois Central to discontinue the Panama Limited Chicago New York extra fare train could save up to 500000 annually, says L A Downs.
MENTIONED IN THIS ARTICLE
New York
Congress
Illinois Central Railroad
L. A. Downs
New York Stock Exchange Membership Sale Dips
The NYSE seat value slipped to a new low at 68 000 dollars amid a transfer arranged for a member. Dividends were omitted on 147 stock issues in May, up from April, with 895 total omissions for the first five months, compared to 548 in the same period last year.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Sugar Market Holds Steady Amid Cuba and UK Shipments
Raw sugar prices remained unchanged in New York on May 31 with only Cuban shipments reported to the United Kingdom and from local storehouse. Deals included 8000 tons at 48s 6d and 7000 tons at 65s fob for June, while local refiners offered 2.60 delivered and saw limited sales around 9 650 tons with July through May futures quoted up to 84. Refined demand stayed moderate with fine granulated at 3.75.
MENTIONED IN THIS ARTICLE
New York
Cuba
United Kingdom
Butter and flour market notes from Chicago and New York
Market brief reports butter prices steady with various scores and percentages in Chicago and New York. Flour also described as steady in New York.
Coffee futures gain on covering and support in thin trading
New York May 31 spot and futures firm as traders cover and Brazil offers support amid a weak market. No 7 July to May contracts rise 5 to 10 points with sales around 7 000 to 9 000 bags. quotations include July 6.70 and September 6.55 for No 7, with Santos and Rio spots noted in the 9s and 44s.
MENTIONED IN THIS ARTICLE
New York
Santos
Santo
Rio
Pittsburgh Produce Market Results May 31
U S Department report shows hogs 3,000 steady to higher with light weights 130-160 lbs at 3.50 to 3.75, 380 at 3.65, 160-200 lbs at 3.65, 209-250 lbs at 3.40, 250-350 lbs at 3.00. Cattle 800 steady to strong, cows weak to 25 lower, vealers 700 mixed, calves 250-500 at 3.50 to 5.50. Sheep 1,600 with lambs at 6.00 to 7.00, yearlings 0.95 to 5.25, older wethers 50-130 lbs at 1.50 to 2.75.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Chicago
Freshly Gathered Eggs Reported In Cincinnati Market
In Cincinnati Ohio on May 31 traders reported eggs with fresh gathered extra firsts numbering 1149 and seconds 9.2 with nearby ungraded lots noted.
MENTIONED IN THIS ARTICLE
Cincinnati
Egga
Production curtailment eyed to stem price declines
New York May 31 reports mills plan extensive curtailment of production. Demand holds for some unfinished goods while mills reject many low prices. Wool goods sector, especially dress goods, attracting more attention from factors.
MENTIONED IN THIS ARTICLE
New York
Grain markets slip as global tensions weigh on Chicago trade
Chicago May 31 grain markets fell amid Germany political strain and U S legislative delays. Wheat retreated despite a 1 402 000 bushel drop in visible supply and a 1 000 000 bushel North American shipment. corn and oats also declined with mixed shifts, while provisions eased.
MENTIONED IN THIS ARTICLE
Chicago
Germany
Washington
New York
United States
Toledo grain prices and cash crop rates reported
Toledo grain on track with No. 2 red wheat at 51 51%g, No. 1 red 52 62%. Corn No. 2 yellow 28 2514, No. 3 yellow 27 274. No. 2 white oats 283 24, No. 8 white 22 23. Red clover prime cash 9.00, alskie prime cash 8.75.
MENTIONED IN THIS ARTICLE
Toledo
Toledo Grain
New York Poultry Market Prices May 31
Dressed poultry irregular with ranges for chickens fowls and turkeys. Fresh and frozen pricing noted, live poultry express broilers and roosters listed with quotes. Mixed colors standards cases 45 lbs net reported. figures partially unquoted and freight data absent.
MENTIONED IN THIS ARTICLE
New York
Administrative notes on receipt classifications
The text lists receipt categories by percentages and items such as special packs including medicines and merchandise sold on credit. It references cases and grades with percentages and mentions various product groups and payment terms used in the store context.
Market Report on Cattle and Hogs Prices in Baltimore
Baltimore reports livestock price ranges with cattle and bulls varying from good to medium quality. Spring lambs show strong values while sheep and hogs reflect a mixed trend, with calves steady and grains near unchanged.
Pittsburgh Livestock Market Report May 31
Prices and stock notes from Pittsburgh region listings show apples Moscow New York Russets at 3.00 per 25 pounds and 100 pound sacks of Baldwins at 25 cents, onions 26 carloads steady, potatoes 76 carloads Maine Green Mountains 1.00, Alabama Bliss Triumphs 100 lb sacks 2.76 to 3.00, Indiana Elise Triumphs 2.75, butter and cheese steady, poultry prices for colored hens to leghorns and broilers, hog dressed at 23.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Texas
Maine
Green Mountains
Michigan
Alabama
Bliss Triumphs
Indiana
Elise
South Carolina
Chicago Livestock Prices and Volumes May 31
U S Department figures show hogs 40,900 with 22,000 direct. cattle and calves 14,000 and 2,000. sheep 12,000. Prices range hogs top 3.50, steer and heifer classes from 4.25 to 7.75 per cwt. lambs mostly 4.00 to 6.50 while ewes and feeders vary by weight.
Jersey City Livestock Markets Report May 31
Cattle listings show 2,130 head with prices steady to lower. Vealers and calves total 6,600 with vealers 6.00 to 7.00 for good to choice, 2.50 to 4.0 for common. Sheep and lambs 20,570 steady to strong with lambs 7.50 to 8.00 and ewes 2.00 to 2.25. misc hog data noted.
MENTIONED IN THIS ARTICLE
Jersey City
Power output steadies after long decline in electric industry
The Associated Press reports that despite the sector's overall slump, power production has largely stabilized over the past two weeks following an extended period of severe decline, suggesting a halt to further rapid decreases.
MENTIONED IN THIS ARTICLE
Associated Press Electric Power
Furniture sector shows steep declines in 1952 month report
Seidman and Seidman bulletin notes April 1952 as the poorest month for furniture makers with new orders and shipments about 45 percent below April 1951. Employment fell sharply from March and was 88 percent of 1931 levels. Pulp and Paper shows a mild upturn in early 1952, but totals remain below 1931. Wool receipts in Boston drop year over year as season totals shrink.
MENTIONED IN THIS ARTICLE
Seidman and
Seidman
Pulp and Paper
American Pulp and Paper Association
Immediate loan approved for Pittsburgh and West Virginia Railway
The Interstate Commerce Commission approved an immediate $3,605,222 loan from the Reconstruction Finance Corporation to the Pittsburgh and West Virginia Railway. Funds cover unpaid vouchers open account with American Bride company condemnation awards stock taxes and bank loan repayments while the carrier offers Wheeling and Lake Erie stock and various bonds as security.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Reconstruction Finance Corporation
Pittsburgh and West Virginia Railway Company
American Bride Company
Wheeling and Lake Erie
Hornsby Outfit Holds Loop Lead
In a close game the Hornsby outfit maintained a control lead as New York stranded runners. Schumacher took the loss with teammates Donnelly, Reardon and Quigley contributing, while Schumacher allowed bases on balls and hits. Time noted as 1:29.
MENTIONED IN THIS ARTICLE
Hornsby
Pirates Beat Reds 4 to 1 to Tie for NL Third
Pittsburgh gains a share of third place in the National League by defeating Cincinnati 4 to 1. Larry French and Red Lucas pitched all nine for their teams as Waner drove in three runs including his 28th double. The game featured six of Pittsburgh’s nine hits in the first two innings.
MENTIONED IN THIS ARTICLE
Pittsburgh
Pitteburgh
Pirates
Cincinnati Reds
Larry French
Frate Southpaw
Red Lucas
French
Reds
Bucs
Paul Waner
Cincinnati
Aba
Gilbert
Morrissey
I Lagos
Scresetceene
Pittslurgii
L. Waner
vootEh Sa
P. Waner
Vaughan
Barbee
Thevenow
Wanner
Piet
Sutr
Lucas
Tellmasn
Suhr
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Standard Statistics Co
Bahiman Kodak
Packard Motora
Paramount Publix
Enny
Allied
Allis Chalmers
Federal Water “Service
Foster Wheeler
Pillsbury
Proctor and Gamble
General Amer
General Asphalt
General
General Motors
General Railway Gnals& 131
Reo Motors
Republic Steel
American Water
Reynolds Metals
Great Northern
Reynolds Tob
Royal Dutch St
Armour
Ee Enene
Hoodyear Tire
Seaboard Air Line
Associated Dry
Herehey
Sears Koebuck
F. Ry
Stuston
Shattuck
Atlantic Refining
Auburn Au
Seeder
Hudson Motors
Par Simmons Hed
Hutola Central Setee
Bie
Baldwin Leooo
Aviation Corpn
Bendix
Aviation
Southern Railway
Bert An CM
Manville
Standard Gas
Aocen and Co
Kelvinator Cave Pe
Kennecott
Brooklyn-Union Gas
Roger Tou
Org
Stewart Warner Briggs
Tambert Co
Stone
Welster
Byers
Lehn
Fink
Studeba
Canada
Ts Liggett and Myers
Texas Golf
Naeh Riggi
Underwood Billott
Transamerica Corp
Es Coronane
Lou, Gas and Fiee
Union Carbide Wee
Caeee
Ohio
McKeesport
Caton
Pacific Vent Eenee
MecKensen
Robbins
United Aircraft
Bon
Itenan Northwestern
Mack Truck
United Carbon
Ghiryat
Land Pac
Mathieson Alka
United Coron
ca-Cola
Mexican Seaboard
Kansas
Montgomery
Coe
Warner Picture
Continen
Distillers
Warner Bros
Continenta Insuranc
TM Nat
Light
Weneee
Wwen Os
Ween
Union ‘Extern
Maryland
North Amer. Aviation
Norfolk and Western iMestinghouse
North Can Co
Westmouse
Mita
Otis
C. B. Hancock Investments Cities Service
Appalachian Electric Power Company
West Virginian Hotel
Bluefield, W. VA
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
James Bb. Mann
Jack R. Younger
The
First National Bank
Wall Street Briefs
Westinghouse Electric and Manufacturing Company
H. C. Thomas
Cincinnati Produce
Chicago Grain
NEW York Poultry
Baltimore Livestock
Baltimore
Pittsburgh Livestock
Chicago Livestock
Jersey City Livestock
Ine
Standard Statistics Company
Boston
Wallop Reds
New York State
O. L. Alexander
Marty Bowen
James Ellwood Jones
Arthur J. MacBride
Rh. Ls. Wallace
H. J. Mawthorne
Pocahontas Fuel Company
Incorporated
ONE Broadway
Pocahontas
Great Lakes
Atlantic Coast
Tidewater
Jamabert's Point
Sewall's Point
Norfolk
Newport News
New Bedford
Mass
Salem, Mass
Yatic Wharf
Ton, Mass
Portland
Sandusky
Boston, Mass
New Bedford, Mass
Portland, Maine
Norfolk, Va
Bluefield
W. Va
Cincinnati, Ohio
Chicago, AL
Detroit, Mich
Moxey, Savon & CO
Lime Street Square
London
Oerase Coal Trading Association
Rotterdam
Gundersen
Bergen
KE. Pinto Basto & Co., Ltd
Lisbon
Portnaal
A. Henry Coe & Clerici
Via Lomeltin
Genoa
Arthur FE TN
Drottninggatan
Stockholm
Aktiebolaget Bernas UN
Gotherburg
Lora
SGG
Nou
Walt
G Pride
Andy Wer
Andy
Nome
Ima
Hell
Brock
BY Sidney Smith
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