Buyers polish up metal rail list fuels stock gains
The market opened quiet but buyers lifted metal and rail shares, ending higher though not sharply. Wheat slipped then steadied, cotton mixed with small losses, bonds hit a new high, and electric power output rose about 5 percent from a year earlier. Several names advanced, including Anaconda Copper, Kennecott, U S Smelting, Cerro de Pasco, and J I Case, with U S Steel, General Motors, and General Electric edging up as utilities lagged.
MENTIONED IN THIS ARTICLE
New York
Trade Association
Roper
Anaconda Copper
Kennecott
American
WU. S. Smelting
Cerro de Pasco
American Can
Youngstown
Goodrich
Goodyear
U. S. Rubber
National Biscuit
International Harvester
du Pont
U. S. Steel
American Telephone
General Motors
General Electric
Canadian Pacific
Atlantic Coast Line
Lackawanna
Baltimore and Ohio
Ontario and Western
Southern Railway
New York Central
Delaware and Hudson
National Distillers
Libby-Owens-Ford
Atlantic Refining
Bond Market Ends Higher With New Year Highs
New York June 1 The bond market rallied in late trading and closed at another new high for the year. The average for 60 domestic corporate loans rose two tenths of a point to 76.3. Total sales reached 14,071,000 as new 1933 industrial and railroad sectors posted gains.
MENTIONED IN THIS ARTICLE
Ind
R.R
New York
New York Stock Exchange Quotations
Quotations furnished by Bryan Kemp and Company list market venues including the New York Stock Exchange New York Cotton Exchange New York Curb Exchange and the Chicago Board of Trade with James M Mann as manager and associate status at the Richmond Stock Exchange in West Virginia.
MENTIONED IN THIS ARTICLE
Bryan, Kemp and Company
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Call Money Rates In New York Short Term Market
Call money in New York on June 1 remained steady at 1 percent all day with time loans showing modest levels. Prime commercial paper offered at 1 percent, bankers acceptances eased with 30 days at 14 percent and longer terms around 7 percent.
MENTIONED IN THIS ARTICLE
New York
Curb Market Steady as Oil and Metal Shares Rise
New York curb market strength supported by oil and metal issues with utilities mixed after late selling. About 671000 shares traded, with General Tire and Rubber up 8 points and Celluloid first preferred near a similar gain, while Aluminum, Deere, A O Smith and Swift posted solid fractions. Gulf and Humble led the oil group higher.
MENTIONED IN THIS ARTICLE
New York
General Tire and Rubber
Aluminum Company
Deere
A. O. Smith
Swift
Gulf and
Humble
Treasury receipts and expenditures for May
Treasury receipts for May 29 totaled 6 362 471.64 with expenditures at 10 064 649.02 leaving a balance of 333 021 471.56. Customs duties for twenty nine days of May amounted to 19 685 281.36.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Sugar Market Steady as July to May Contracts Hold
Raw sugar remained unchanged with 22,600 tons traded. July closed at 1.47, September 1.51, December 1.58, January 1.60, March 1.65, and May 1.70. Refined sugar held at 4.50 for fine granulated, with second hands around 4.35.
MENTIONED IN THIS ARTICLE
New York
Butter Rates Steady to Firm in Chicago Market
Butter prices in Chicago on June 1 show a steady to firm tone with fresh quotes around 93 and 92 for 2140 and 21, 20 percent fat content. Centralized reports list 90 as a notable figure with 21 percent, while other readings include 89 and 88 at varying percentages, reflecting a tight market.
MENTIONED IN THIS ARTICLE
Chicago
Jersey City Livestock Market Report June 1
Cattle counts reach 1,439 with direct sales and vealers totaling 2,100, market steady to strong for southern stock. Prices range 6.00 for good to 3.00 5.00 for common and medium. Sheep and lambs at 6,680 with 4,840 direct, market steady to weak, desirable lambs around 8.35. Hogs 1,540 with 1,520 direct, steady. practical sows about 5.40.
MENTIONED IN THIS ARTICLE
Jersey City
New York Poultry Prices and Egg Market Report June 1
New York poultry prices show dressed poultry irregular with live poultry weak. Freights and expresses vary for broilers fowls roosters turkeys ducks, while eggs weaken with mixed colors standards and firsts. White eggs and other whites edge unchanged amid market activity.
MENTIONED IN THIS ARTICLE
New York
Stock market gains boost major rail and insurance shares
The report shows par value at 14,971,009 versus 16,114,000 yesterday. Active carriers rise with 1 to 2 point gains, including Alleghany Corporation, Baltimore and Ohio, Chicago and Alton, St. Paul, Chicago and Northwestern, Rock Island, Erie, Great Northern, Louisville and Nashville, New York Ontario and Western, Southern Pacific, Southern and Wabash.
MENTIONED IN THIS ARTICLE
Alleghany Corporation
Baltimore and Ohio
Chicago and Alton
St. Paul
Chicago
Northwestern
Rock Island
Erie
Great Northern
Louieville and
Nashville
New York
Ontario
Foreign exchange rates and world currencies update
New York June 1 report lists irregular exchange for Great Britain France Italy and other nations. Rates show demands and cables across multiple currencies including Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal and more with notes on nominal values.
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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
Hongkong
Mexico City
Montreal
Government Bonds Close Prices June 1 New York
United States government bond results show Liberty 34a 102.18 First 14s 3 102.18 Fourth 4s 103.2 Treasury VMs 109.18 Treasury 46 105.27 Treasury 3 6 104.6 Treasury 3 s June 101.28
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Pittsburgh Produce Market Report June 1
Produce demand slow with apples largely steady across sizes from New York and Baldwins to Ben Davis. Potatoes firm to slightly stronger with Green Mountains and Bliss Triumphs listed. barrels for Cobblers and other regions shown. Butter and eggs prices mixed with various quality grades. cheese and poultry unchanged in limited data.
MENTIONED IN THIS ARTICLE
Ben Davis
New York
Baldwins
Russell
Starks
Maine Green Mountains
New Stock
Bliss Triumphs
Alabama
Louisiana
Barrels Cobblers
South Carolina
North Carolina
Ohio
West Virginia
Kentucky
Inflation signals spark grain rebound in Chicago trading
Chicago grain market rose on news of forthcoming inflation measures from Washington. Wheat closed irregular, down to up slightly. corn steady to slightly higher. oats fell modestly. provisions dropped 7 to 12 cents from yesterday's finish.
MENTIONED IN THIS ARTICLE
Chicago
Washington
Pittsburgh Livestock Market Update June First Summary
Pittsburgh livestock report shows hogs 1,000 heads mostly 130 to 160 pounds at 4.25 to 5.00 for lights. 160 to 200 pounds at 4.90 to 5.25. 209 to 250 pounds at 5.15 to 5.25. 250 to 350 pounds at 4.80 to 5.20. Cattle steady to weak with steers 900 to 1,300 pounds at 5.85 to 6.25. common and medium 4.75 to 5.85. heifers 550 to 750 pounds at 5.25 to 5.75. common and medium 4.00 to 5.25. cows 3.15 to 4.15.
MENTIONED IN THIS ARTICLE
Pittsburgh
Baltimore cattle and hog prices steady at market
Baltimore June 1 cattle market totals 200 head with steers good to choice about 56.75 to 6.00. cows medium to good 2.25 to 3.75. heifers 4.50 to 5.00. Sheep and lambs 1,000 head steady with spring lambs 7.75 to 8.25. hogs 1,100 head steady with lights 4.85 to 5.20. calves 100 steady good to choice 4.50 to 5.00.
MENTIONED IN THIS ARTICLE
Baltimore
Federal Reserve reports broker loan totals rise
Washington June 1 loans to brokers and dealers held by New York federal reserve member banks for the week ending May 31 were announced at 635 090 000 dollars, up 72 000 000 from the prior week. Also notes that some of England's first fleeces come from Orkney and Shetland where seaweed is a major sheep fodder.
MENTIONED IN THIS ARTICLE
Washington
New York Federal Reserve
Federal Reserve Board
England
Orkey and
Shetland Islands
Trade Trends and Commodity Moves Across Markets
The Associated Press notes Wool Goods-Advance activity remains heavy in four years with demand focused on key garment makers. Canned Foods-Advances appear in some Hawaiian pineapple grades with small price shifts. On the spot market, general activity persists. Chemicals-Copper sulphate prices rise with metal markups. nickel salts, sodium stannate, and tin crystals show strength.
MENTIONED IN THIS ARTICLE
Associated Press
Gaya & New York Exchange Bulletin
Wabash receivers authorized to pay bond interest and loans
Courts permit payment of interest on first mortgage 5 percent bonds due May 1 and on Wabash Omaha divisions loans due April 1, plus Columbia and Saint Louis railroad bonds due May 1, using funds advanced by the Reconstruction Finance Corporation. R. J. Reynolds Tobacco declares 75 cent quarterly dividends on common and common “B” shares. Gazettes record date June 17.
MENTIONED IN THIS ARTICLE
New York
Wabash Railway
Reconstruction Fiance Corporation
Wabash Omaha
Columbia and
R. J. Reynolda Tobacco Company
Gazetts
Lancaster Livestock Market Steady With Beef Cattle Prices
Lancaster June 1 market steady with Wednesday's beef prices. Stockers active with common grades 4.00 to 5.00 and better 5.00 to 6.00. Vealers 6.00 to 6.50. Lambs 8.00 to 8.50. Nearby hogs 5.00, westerners 5.50. Roughs 3.50 to 4.00.
MENTIONED IN THIS ARTICLE
Lancaster
Activated char filters from grain hulls for water purification
New York chemists convert hulls of buckwheat rice and other grains into activated char a dense powdered charcoal filter that removes tastes and odors from drinking water. Developed by Hackensack Water Co the filter uses waste from farms including peach pits and paper pulp lignin. Dr P Burke Jacobs of the US Agricultural Experiment Station Ames Iowa describes potential for expanding agricultural economic opportunity.
MENTIONED IN THIS ARTICLE
New York
Hackensack Water Company
P. Burke Jacobs
United States Agricultural Experiment Station
Ames
Iowa
Cooperage plants run full time in St. Louis revival
G I Frazier president of Associated Cooperage Industries of America reports a revival of the barrel and keg business after beer legalization with many coopers operating day and night. He notes increased demand for slack barrels for bottled beer and says slave mills in southern states that had been idle are now running.
MENTIONED IN THIS ARTICLE
St. Louis
G. I. Frazier
Associated Cooperage Industries of America
Frazier
Artesian well feeds new brewery plan in Kansas City
An artesian well on the edge of Kansas City's business district may flow again with the return of legal beer. The 4 inch well, shut in for a decade, previously supplied the old Muehlebach brewery. George Muehlebach owns the site and plans to reassemble the dismantled plant using the original water supply.
MENTIONED IN THIS ARTICLE
Kansas City
Buslness
Muehlebach
George Muehlebach
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