Reactionary price trends dominate early stock market gains
In New York trading on June 2, prices rose briefly from morning lows as demand for stocks increased amid easing call money and stronger prices in lead, rubber, and scrap steel. Maximal activity centered on external events including a proposed Italian exchange stabilization loan and large bond oversubscriptions, with Maxwell Motors and other industrials driving notable moves.
MENTIONED IN THIS ARTICLE
New York
Maxwell Motors
Maxwell B
The
Stock Exchange
Hudson
Nash Motors
Jordan
Baldwin
Dupont
American Telephone
American Waterworks
Eetesa
Manhattan Transit
Acific Gas and Electric
Hudson and
Manhattan
International Telephone
General Electric
International Combustion Engineering
Marine Common
Preferred
Runswick - Balke-Collender
St. Paul
Southern Railway
St. Paul Common
Chicago
NEW Voan
Allied Chemical and Dyeam
American
American Car and Foundry
American Locomotive
American Smelting
American Tobacco
American Water Works
American Woolen
Eeeseee i Ausibia
Atlantic Coast Line
Baldwin Locomotivet
Bett Hiehem Steel Seu Bed
Ans de California Petroleum
Canadian Pacific
Cous Cos Dee Central Leather
Cerro de Pasco
BS Chandler Motor
Vacobeves
Ohio
Northwestern
Mil
Pacific
Coca Cola
Congoleum
Overaseesas
Consolidated Gas
paSecus
Cuba
Imvison Chemical
Oasee le du Pont de Nemours
Erle
Gann S. Abeseeeeste
Playere ‘Las
Kelly
Springfield
Bares Suness cc
Kennecott
Hohe Hall Weslpee
A. Baveron
Secedvdae Cebtessaticn
Louleville
Nashville
Mack Truck
Marland OF
Scc
Mexican Seaboard
Missouri
Kansas
Texas
Missouri Pacific
Montgomery Ward National
Bicecult National Lead
New York Central
Hartford
Norfolk and Western North American
Northern Pacific Pacific
Mid-continent Petroleum Dodge Bros
American Petroleum
Pennsylvania
Ae Tran Phila
Reading
SSA
Phillips Petroleum
Leeskas
Pees
Seadhas
Republic Iron and Steel
Ees Reynolds Tobacco
St. Louis
Yal vRey
Ifsks Seaboard
Sears Twebuck
Sinclair Consolidated Siosa
New _Sersey ve
Stewart An Weer Fe Beye Eneease Et Studebeker Pana Ebae Speeak
Vebee Exas Company
Dadahsetsee “Bee Omomagl
Gale
Willys Overland
Eerste
Call Money Market Report Summary
New York call money shows ease with bids at 4 percent and offerings at 4 percent. Ruling rate remains 4 percent with last loan and closing bid at 4 percent. Time loans steady at 3 percent for 60 to 90 days and 4 to 6 months at 2 percent. Prome commercial paper cited at 8 percent.
MENTIONED IN THIS ARTICLE
New York
Prome
Public utility bonds eyed in Pennsylvania consolidation push
Officials promote incorporation in the Pennsylvania system as public utility obligations attract attention. Locals push for fare increases amid traction issues. Liens on oil, sulfur and rubber firms remain firm as negotiations close on a $4 million loan for the Saar Basin Consolidated Counties. An offering of 7 percent ten year bonds is anticipated, arranged by the same bankers who arranged last year’s $3 million loan for Saar Bruecken, the basin’s chief industrial center.
MENTIONED IN THIS ARTICLE
Pennsylvania
Saar Basin
Saar Bruecken
Livestock prices mix on Chicago market drift higher
Cattle receipts in Chicago at June 2 show fed steers and yearlings rising to $12.00 top for extreme yearlings while most steers sell $8.75 to $11.00. Hogs advance with 140 to 225 pound averages at $12.10 to $12.30 and top $12.36. Sheep and lambs move slightly lower with fat lambs around $16 and wethers near $13.75 amid sluggish trade.
MENTIONED IN THIS ARTICLE
Chicago
Lée
Weight price shifts noted in brief market item
A brief market note shows handy weight fat at 6.50 and 7.00 with heavies down from 5.00. The line hints at price changes but lacks full context or dates and names.
Sugar market firmer with Cuban buying boosts futures
The New York raw sugar market rose as better demand emerged aided by Cuban purchases. Spot and later shipments quoted around 4.46 with 140000 bags Cuba for prompt shipment and 45000 bags Philip ee for June July at 4.46. Futures ticked up after initial declines and settled with modest gains and specific closes.
MENTIONED IN THIS ARTICLE
New York
Dairy market reports steady prices across regions
New York butter receipts reach 12 506 with creamery grades higher than extras. Creamery prices show 44 44 and 43 c, with 92 score firsts at 43 c and 88 to 414% 43 packing stock. Bee irregular receipts 64 058 and cheese at 170 097 pounds. Chicago butter market remains steady with 88 and 89 scores in light supply and centralized market steady to firm. fresh 92 score butter at 42 c and centralized 90 score at 43 c.
MENTIONED IN THIS ARTICLE
New York
Chicago
Grain prices rise on rains widen corn break
In Chicago on June 2 corn fell as much as five cents a bushel amid good rains. Wheat markets showed only a temporary relief from drought despite the unofficial estimates circulating among traders.
MENTIONED IN THIS ARTICLE
Chicago
Grain Market Mixed After Domestic Wheat Supply Estimate
Traders noted domestic wheat supplies for export likely under 50 million bushels. Corn finished irregularly with September at 1.14 to 1.143 and December at 95 to 95 1/2 cents. Wheat held firm with July at 1.61 and September at 1.59. Oats was unchanged to fractionally lower and provisions varied from one cent down to modest gains.
Grain Seed Prices Report for Toledo Market
Seed trades at Toledo on June 2 show wheat cash at 1.85 with futures for cloverseed at 16.56 for August, 14.70 for October, 14.35 for December. Assike bids 15.00 for August while Timothy seed trades cash at 3.70 and September 4.15.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Timothy
Foreign exchange rates reported in cents and percentages
New York wires list foreign exchange quotes with 60 day bills and cables for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal and other markets with varied demand and percentages shown.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Government bonds and textile markets mixed in New York
United States government bonds closed with mixed results as Liberty 34s and various 4s posted differing yields. Yarns and raw silk gained with steady overseas and local demand. Silks and light underwear plus hosiery saw active trade for immediate shipment.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Clothing Fabrics Rally on Heat as Trade Sees Boost
New York June 2 Active trading in cotton dress fabrics in wash goods departments was reported today stimulated by hot weather. Government cotton report was higher than expected and buyers were not ready to operate on cloth until its effect is felt.
MENTIONED IN THIS ARTICLE
New York
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Ask Sta Rock Co. and Coke Co
Bank of Wyoming, Mullens
Cari and Development Co
Era Valley Grocery Ser
War Creek Coal Co
C. H. Mead Coal Co
Milami Fork Coal
Pocahontas Coal Land Cor
Pocahontas Fuel Co
Premier Red Ash Coal Co
Princeton Power Co
Com
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St. Paul Supply Co
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Bluefield, W.va
Freckles
By— Blosser
Gov’t Bonds
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Wall Street
Edward R. Jobling, William F. Toney
First National Bank
West Virginia
Consultus
Community Loan Company
Bland Street
W. C. Neikirk
Secy & Treas
Isaac T. Mann
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H. R. Hawthorne
O. L. Alexander
Pocahontas Fuel Company
Incorporated
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Tidewater
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F.C
Mars
Cen
Pocahontas Fuel Company, Incorporated
Pocahon' Virginia
Broadway
Stee Ero Case
Bid
Orfolk
Main St. S
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Traction Building
Maine
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Henry Coe & Clerici
Piazza
Matteo
Geneva
Pocahontas Fuel Co., Inc
N. Y
Watkins, Scott
Western Union
Lieber's