Markets Rally Then Dip Amid Bond Optimism
New York stocks opened with a sharp rally of 1 to 5 points but soon faced selling that largely erased early gains. Bonds showed a similar pattern as senatorial progress on the budget bill and hopes for a stronger banking group supported sentiment. Utilities weakened late as several tax provisions drew mixed reactions. U S Steel led gains while a number of major names finished mixed to higher.
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New York
Wall Street
Santa Fe
American Telephone
Public Service of New Jersey
Peoples Gas
Delaware and Hudson
Sears Roebuck
Pacific Telephone
American Tobacco
National Biscuit
General Foods
Case
General Electric
Allied Chemical
Bond Market Brisk Rally Fails to Sustain Gains
New York June 1 The bond market opened with brisk buying after the senate balanced the budget and a positive German outlook but prices faded as offerings surged. Total sales reached 13 582 000 par with the 60 corporate loan average slipping four tenths of a point as some second tier rails held value. A late small recovery followed the day’s low marks.
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New York
Senate
Curb Market Drops as Tax Proposal Shadows Utility Shares
New York curb market experiences renewed selling in utility shares after opening strength. Traders weigh Senate tax plan imposing 8 percent tax on gross electric power revenues, dampening earnings prospects while broader fiscal factors offer only slight support.
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New York
Hancock Investments Claims Markets For Utilities Shares
C B Hancock Investments reports market activity with Ciiles Service at six dollars preferred and Appalachian Electric Power Company six and seven dollars preferred. Citire Service common price closed in June.
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C B. Hancock Investments
Ciiles
Appalachian Electric Power Company
Citire Service
New York Stock Exchange Quotations Provided by Bryan Kemp
Bryan Kemp and Company furnishes New York Stock Exchange quotations with associates and offices in Bluefield West Virginia. James E. Mann is manager and Jack R. Younger is assistant manager.
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N. Y. Stock Exchange
Bryan, Kemp and Company
Market Takes Mixed Turn as Utilities Lead Decline
Turnover of 269 000 shares exceeds yesterday by 40 000. American Gas and Electric rose 3 points then drifted to a new low near 15. Electric Bond and Share advanced a point before dipping to a new low and closing unchanged. Cities Service common held at 2 while preferred issues fluctuated widely. Oils and industrials were irregular but showed a heavy tone with utilities.
MENTIONED IN THIS ARTICLE
American Gas and Electric
Wall Street Briefs Highlight Debenture Oversubscription and Copper Trends
New York reports an oversubscription of 30 million dollars in 3 percent collateral trust debentures for the federal intermediate credit banks. Copper eases slightly with supplies secured through September. domestic price around 5 1/2 cents per pound, and similar for late shipments. Alco Products of American Locomotive Company begins building a Pure Oil refinery in Midland Michigan.
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New York
Charles R. Dunn
Federal Intermediate Credit Banks
Alco Products, Inc
American Locomotive Company
Pure Oil Company
Midland, Mich
Foreign exchange rates and demand notes
New York June 1 report shows irregular foreign exchanges with various demand and cable rates. List includes Great Britain 3.68, Italy 6.1344 and 5.14, Belgium 14.01, Germany 23.64, Norway 18.38, Sweden 18.99, Denmark 20.19, Switzerland 19.59, Spain 8.25, Argentina 25.79, Brazil 7.54, Tokyo 32.44, Montreal 88.00, Mexico City 29.25. Note: Demand rates are nominal.
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New York
Great Britain
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Mexico City
New York Call Money Steady in Early June Trading
New York on June 1 shows call money steady at 24 percent all day. Time loans hold at 11 1/8 percent for 639-90 day ranges and 11 percent for four to six months. Prime commercial paper near 2 3 percent, bankers acceptances unchanged.
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New York
Treasury Receipts and Expenditures for May
Treasury receipts for May 28 totaled 2,255,978.17 with expenditures at 15,303,212.28 and a balance of 392,869,718.19. Customs duties for twenty eight days in May amounted to 16,984,042.75.
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Washington
Treasury
Bond prices and yields across Liberty and Treasury notes
New York June 1 United States government bonds closed with Liberty 3446 at 100.11, First 44%6 at 10117, Fourth 30-38 at 102.10, Treasury 4148 at 108.12, Treasury 48 at 00.5, Treasury He at 97.20, and Treasury 3s at 96.4.
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New York
United States
Liberty
Treasury
Coffee futures fall on weak demand and trading firms
New York June 1 reports foreign and local selling pressure as demand weakens for actuals and futures. No 7 contracts open seven points lower, close three to twelve lower. spots 3,000 sold. Spreads show declines across July to May maturities with Santos and Rio trade notes included.
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New York
Santos
Rio Te
Butter Prices Reported Steady in Chicago Market
Chicago June 1 butter markets show steady to firm tones with quotes around 93 cents and several daily figures such as 174 and 92 in various percentages. The report lists multiple bid levels and price ranges, noting centralizing trends and varying percentages across lots.
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Chicago
Sugar prices rise on Philippines sales in New York
Raw sugar held steady after late yesterday sales of 36,000 bags of Philippines in port to a local refiner at 2.57 delivered, the lowest price recorded. Approximate sales 4,100 tons. July to May futures ranged from 0.61 to 0.86. Refined sugar unchanged at 3.75 for fine granulated with moderate inquiry.
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New York
Philippines
Butter Price Report From Cincinnati Produce Market
In Cincinnati Ohio on June 1 butter prices advanced with butter pat quotes at 11 to 13 cents per pound reflecting a firmer market as buyers and sellers noted limited supply and steady demand in the early summer trading session.
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CincInnati
Pittsburgh Produce Market Report June 1
Pittsburgh prices show demand for apples steady with New York Russets at 3.00 per 25 barrel baskets and Baldwins at 1.00 per 25. Russets at 1.90 per 15. Onions light trading with several regional stocks noted. Potatoes weaker with 100 lb sacks quoted. Maine Green Mountains at 1.00 05, Michigan Rurals at 1.00. new stock Alabama Bliss Triumphs 2.20, Louisiana Blitz Triumphs 2.60.
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Pittsburgh
U. 5
New York
Alabama Bliss
South Carolina Cobblers Barrels 4.00 25. Butter Nearby
A fragmented item notes 92 acres and extras with standard score 17. Mentions eggs cheese poultry and butter in a rural sales or market context. No clear dates or named institutions emerge. The readable bits suggest a local agricultural listing or brief market update.
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South Carolina
Grain Trade Sags After Senate Tax Move
Chicago June 1 grain pits show a semi demoralized trade as senators approve a 400 percent tax increase on produce exchange. Wheat and other grain fell sharply with prices near the day’s low. corn and oats also declined though provisions held steady. Crop estimates for 1932 suggested a winter yield around 433 million bushels versus earlier forecasts of 461 million.
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Chicago
Senate
United States
Jersey City Livestock Market Report June 1
Jersey City cattle trades steady to weak with steers and cows moving 2.00 to 3.50. Vealers and calves total 1,219 with top vealers at 6.00 to 7.00 and calves 2.50 to 4.00. Sheep and lambs 4,140 steady. ewes 2.00 to 2.25, rams 7.50 to 75, common 5.00. Hogs 2,430 direct trades mentioned.
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Jersey City
Dry Goods Market Signals Lower Cotton Output
New York June 1 reports show cotton pods in the gray goods division with influence from raw cotton markets. Analysts expect cotton production to fall below normal capacity due to lands being largely closed. Moderate buying of gin and tropical suitings is also reported.
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New York
Gray Good
New York Poultry Price Report June 1
New York market report shows creased poultry irregular, overall firm. Broilers and fowls steady with various freight and express rates. turkeys 10 to 20 cents, eggs at 78 880 cents per dozen with mixed colors and special packs noted. White eggs and brown eggs values listed with regional offerings and credit sales.
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New York
Atora
Baltimore Livestock Prices June 1 Report
Baltimore stockyards report cattle prices steady across grades with primes up to 7.00 and medium to good around 4.25. Sheep and lambs 500 head steady. hogs 600 head lower on light and medium weights. calves 190 head steady with good to choice at about 6.09 and common to medium near 3.00.
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Baltimore
Pittsburgh Livestock Market Report June One
PittsburgH livestock data show hogs mostly steady to 5 lower with light categories at 3.35 to 3.75 per hundredweight and heavy weights around 3.00. Cattle numbers near 1,800 with steers 6.30 to 6.80, heifers 5.00 to 6.50, cows 4.25 to 8.00, calves 3.50 to 5.50, sheep about steady with lambs 6.00 to 7.00 and yearling wethers 3.25 to 5.25.
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Pittsburgh
Chicago Livestock Market Report June 1
Hogs 19,090 with 4,000 direct, strong to 10 higher, top 3.65. pigs 2.75-3.00, Iowa 2.60. holdover 4,000. Cattle 8,000, calves 2,000. fed steers and yearlings up 10-25, best yearlings 7.49, weights 600-1,600 lb. Sheep 8,000. lambs 6.00-6.25, yearlings 5.25-6.00, all weights 4.00-5.25.
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Chicago
U. S, Dept
Iowa
Trade Trends Cotton World April Consumption Tally
The Associated Press reports world consumption of American cotton in April reached 1,078,000 bases, compared to 1,149,000 bases in the prior period. The data reflects ongoing demand patterns across markets and indicates a shift in usage levels for U.S. cotton exports.
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Associated Press
Radio schedule and Navy graduation broadcast noted
The notice outlines a day of radio programming for June 2 with WABC CBS coverage of the United States Naval Academy graduation exercises in Annapolis from 11:00 a.m. to 2:16 p.m. led by Rear Admiral Hart, plus a dense CBS ABC network basic chain listing stations and time blocks across the eastern, central, and coast networks. It mentions Georgia Price joining Benny Kreuger's orchestra and various program blocks, from music to drama and public affairs, across multiple time slots and regions.
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Market and energy demand trends from early 1930s report
The report cites March to April 1932 figures from the New York cotton exchange service with 600 in March and 1,004,000 in April, nine month consumption around 9,443,000 bales, and a year over year rise. It forecasts gasoline demand declines domestic 5.4 percent and export demand down 14.1 percent, totaling a 22,389,000 barrel drop. Sugar refiners report January to May 21 melt of 1,590,000 long tons and deliveries of 1,200,000 long tons versus 1,580,900 and 1,390,000 a year prior.
MENTIONED IN THIS ARTICLE
New York Cotton Exchange Service
Volunteer Committee On Petroleum Economics
Federal Oil Conservation Rct
United States
Toledo grain prices from June 1 report
Toledo market summary lists wheat No 2 red at 49 1/2 to 50 1/4 and No 1 red around 50 1/2 to 51 1/4. Corn No 2 round 26 1/4 to 26 1/2 with No 8 yellow near 25 1/4. Oats No 2 about 22 1/4 to 23 1/4 and No 1 White around 21 3/4 to 22 1/4.
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Toledo
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