Markets Roar As Rush To Buy Stocks Surges In 1933 Boom
Market activity flared with a stampede-like rush to buy shares as investors cheered credit expansion and federal reserve support. The closing composite rose 3.1 points to 80.4 with total volume at 8,862,660 shares, led by utilities and major industrials. United names like United Gas, International Telephone, American Telephone, Public Service of New Jersey, and Western Union gained. Major blue chips including U S Steel, American Can, Chrysler, General Motors, and General Electric climbed 1 to 2 points amid broad advances.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve System
Consolidated Gas
International Telphone
American Telephone
Public Service of New Jersey
Western Union
Allied Chemical
Ase
U. S. Steel
American Can
Chrysler
General Motors
Montgomery Ward
Harvester
Sears Roebuck
General Electric
Westinghouse
Bethlehem
Corn Producté
Adams Express Et
Eastman Kodak
North Amer. Co
Freseee
Autolite Ec
Otis Bley
Alaska Juneau Gold
Power and Light
Owens I Glass
Tomeres
Alleghany Corpn
Federal Water Service
Pac
Alls Chalmers
Foster Wheeler
Packard Otors
Fox Film
Aenick
Ford We Cane
Freeport Texas Eee
General Asphalt
Phillips Pet
General Foods
Pillsbury
General Motors Whewes
Proctor and Gaintle
American Steel
General Ry
Pub. Serv.s J A Taeee
American Sugar
Ae American
Radio Corpn
Keith Orpheum
Armour A
Goodyear ‘Mre
Reo Motors
Armour
Hershey Chee
Republic
Associated Dry Woods
Houdaidershey
Reynolds Metal
Und's
Houston
Oisenee
Reynolds Tob
Atlantic, Redning Een
Hudson Motors Sneer Am Royal Duteh
Ceases
Seaboa Air Line
Ly Aviation Corpn
Sears Roebuc
Int Harvester
Bendix
Tel
Best and Co
Belwehem
Johns Manville
Borden and Co
Kelvinator
Oh Bay
Brooklyn Man Trans
Kennecott ¢ Opper
Brooklyn-Union Gas
reaKe
Standard Gas
Kroger Grace
Eee
Standard Se Cal
Byers Pipe Os
Lambert Co
Stan J
Lehman Coron
Stewart Warear Canadian Pacifice
Hn and Fink
Stone and We
Gett and Myer
Cerro de Pasco
Tee
Chesapeake Corpa
Lowe's Inc
Texas Gull
Union Carbide
United Corpn
aGs
Klee
United Gas
Impr
Woolworth
North Amer
Worthington Pump
Bond market gains sweep forward on strong session
The bond market advanced sharply led by secondary issues with total sales of 20,558,000 as new 1983 highs for industrial, railroad and overall totals were reached. Gains of 1 to 6 points or more were recorded across categories in a brisk New York session.
MENTIONED IN THIS ARTICLE
New York
Hancock Investments Moves in Appalachian Electric Power Notes
C B Hancock Investments reports activities in Appalachian Electric Power Company stock and Cities Service common shares. June 2 closes at 6 percent for market preferred and six percent for the common, with $6 figures noted.
MENTIONED IN THIS ARTICLE
Appalachian Electric Power Company
NYSE QUOTATIONS FURNISHED BY BRYAN KEMP CO
Quotations provided by Bryan Kemp and Company from the New York Stock Exchange and related markets. James B. Mann serves as manager. The in-house service lists associations with Bluefield West Virginia and multiple exchanges including New York Cotton Exchange New York Curb Exchange Chicago Board of Trade and Richmond Stock Exchange.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Sugar futures rise as new season highs hit trade records
Raw sugar prices firmed with new season highs on duty free and Cuban sales. Trading volume reached 42,300 tons with July at 1.62 and later months rising to 1.73, while the refined market held at 4.50 in New York.
MENTIONED IN THIS ARTICLE
New York
Pittsburgh Produce Market Report June 2
Moderate demand for produce with steady apples in 7 car lots and various Russets Ben Davis Baldwins and Starks priced per barrel or bushel. Potatoes show slight strength with Green Mountain 1.10 to 1.00 per 100 lb sack. Alabama Bliss Triumphs 2.00. Cobblers 3.65 to 4.00 per barrel. butter and eggs prices noted with slight changes.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Depst
New York
Ben Davis
Ben Davie
Alabama Bliss
South Carolina
Butter Prices Steady in Chicago Market Report
Butter in Chicago on June 2 held steady with a 93 score at 214 cents. The data shows varied figures including 82 21 89 18 percent and 90 21 percent, reflecting fluctuating rates and centralized carnote terms across listings.
MENTIONED IN THIS ARTICLE
Chicago
Dry goods market steadies with mixed gains in New York
Cotton goods remained firm in unfinished lines with printed percales for 640 delivery raised to 12 and a half cents for 44 80 squares. Towels advanced again while wool goods stayed quiet and firm. burlaps hold at top levels for the year and silk goods sell moderately.
MENTIONED IN THIS ARTICLE
New York
New York Poultry Prices Report May 2 1924
Prices for eggs and live poultry listed by grade and weight. Irregular eggs priced at 14 14 44, mixed colors and standards. brown eggs steady at 14% 14%. Live poultry weak with broilers and fowls use freight and express rates. dressed poultry unchanged.
MENTIONED IN THIS ARTICLE
New York
Market factors and loan data note 1933 peak
The report cites open market purchases by the Federal Reserve System, proposals for monetary readjustments by the American delegation at London, and improving domestic trade. Average 60 domestic corporate loans rose 1.2 points to 77.5, a 1933 peak, while gales totaled $20,558,000 par value, the largest since May 11.
MENTIONED IN THIS ARTICLE
Federal Reserve System
Foreign exchange rates steady in New York market
The to the dollar and other currencies listed show stable bids with Great Britain at 4.00 percent demand and cables 4.00 percent. Other nations include Italy 6.14 percent, Belgium 16.55, Germany 27.75, Holland 47.65, Norway 20.30, Sweden 20.55, Denmark 17.90, Switzerland 22.90, Spain 10.15, and several other currencies with nominal figures for Portugal Greece Poland and more.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Hongkong
Mexico City
Municipal bond issues, curb exchange seat values rise
The Bally Bond Buyer notes next week’s municipal bond offerings total 15.6 million, down from 29.1 million this week. Curb exchange seat values surged with transfers at 42 thousand and 43 thousand, after a prior sale at 32 thousand.
MENTIONED IN THIS ARTICLE
New York
New York Curb Exchange
Curb Market Surges to New Highs As Volume Tops Years
In the broadest and most active market in nearly three years curb stocks push to new highs. Volume reaches about 1,240,000 shares versus 671,000 yesterday. Small float issues rise sharply with extreme gains up to 13 points in several names including Aluminum Company of America Bell Telephone of Canada American District Telegraph Tennessee Electric preferred Western Maryland first preferred and select industries. Hamble and Gulf also buoyant amid rally.
MENTIONED IN THIS ARTICLE
New York
Aluminum Company of America
Bell Telephone of Canada
American District Telegraph
Tennessee Electric
Western Maryland
Hamble and Gulf
Livestock Prices Mixed Across Weight Classes and Grades
Market brief shows 250 lb heavy weights at 5.20 to 5.25 per unit with 250 to 350 lb ranges. Cattle 900 to 1,800 lb categories steady at 5.85 to 6.25 for good, common and medium 4.75 to 5.85, cows 3.15 to 4.15. Calves 59 steady. weaners good to choice 4.75 to 5.50, calves 250-500 lb 2.50 to 4.75. Sheep 90 lb lambs good to choice 7.00 to 8.50, common and medium 4.75 to 7.00.
Grain prices and rates reported in Toledo market
Toledo grain traders report modest rates with Wheat No. 2 red around 7.64 and 7.77, No. 1 red near 7.75, and Corn No. 2 about 6.? with No. 3 yellow near 6.2. The notes indicate a 28% rate level and nominal figures for nearby contracts.
MENTIONED IN THIS ARTICLE
Toledo
Market Summary of Sheep and Cattle Prices
Readable figures show varied bids for cattle and sheep with ranges across weight classes and grades. Cows and bulls move around 3.50 to 4.50 per cwt with common and medium lots, while heifers fetch 4.00 to 5.50. Lambs and yearlings command higher, with best shorn yearlings near 6.90 to 8.60 and wether lambs around 7.50 to 8.25. Overall rates indicate a general uplift of 15 to 25 higher on certain categories.
Baltimore Livestock Market Report June 2
Cattle numbers around 100, market steady with ranges for steers from 5.75 to 6.00 for good to choice and lower grades down to 2.25 to 75. Cows and heifers show similar spreads with fresh cows and springers from 9.00 to 60.00. Sheep and lambs around 600 head, steady. lambs good to choice up to 8.26, common to medium around 5.60 to 6.00. Hogs 1,000 head, steady. lights 4.85 to 6.20, plus 4.35 to 80, western hogs up to 10 to 29 higher.
MENTIONED IN THIS ARTICLE
Baltimore
Chicago
U. S. Dept
Chicago Grain Markets Endorse Strength Amid Tepid Demand
Chicago June 2 grain prices firm at times as securities rise but sustained demand remains weak. Wheat closed steady to 44 lower. corn down 1.495 percent. oats off 4K percent. provisions rose 10 to 20 cents.
MENTIONED IN THIS ARTICLE
Chicago
Pittsburgh Livestock Hogs Steady to 5 Cents Higher
Pittsburgh June 2 hog market report from U S Dept of Agriculture shows 1 000 head holdover 300 steady to 5 higher for good and choice grades. Light weights 160 209 lbs fetch 4 95 to 5 30 with medium weights 200 and up continuing demand for cutout pork products.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S. Dept
Chicago Livestock Prices and Trade Report
Chicago cattle and hog markets show active trade with gains across weights. Hog prices rise to about 4.90 to 5.05 for various weights while cattle and veal remain strong, with top steers near 6.25 and heifers around 5.50 to 6.10, reflecting a generally steady-to-firmer week.
Jersey City Livestock Market Report
Cattle totals around 580 with 280 direct sales. Steers nominal, cows steady to low cutter, vealers steady with gains to 6.00 7.00 for light weights. Sheep and lambs 11 610 with lambs steady 8.00 8.65, hogs 860 with 800 direct, good and choice at 5.40 per 100 pounds.
MENTIONED IN THIS ARTICLE
Jersey City
Call Money Steady In New York Market
Call money stayed level at 1 percent all day in New York on June 2. Time loans held at 1 percent for 60 90 days 4 months 1 percent and 5 6 months 1 percent. Prime commercial paper remained at 1 percent and bankers acceptances were unchanged.
MENTIONED IN THIS ARTICLE
New York
Government Bonds Market Report New York June 2
United States government bonds closed with varied results. Liberty 3s traded around 103, First 4s at 102.16, Fourth 4s at 103.3, Treasury 4s 8 at 109.24, Treasury 46 at 105.28, Treasury 3 6 at 194.14, and Treasury 3s6 around 101.31. June maturities noted.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Trade Trends and Metal Price Shifts Across Markets
The Associated Press notes a $3 per ton advance in Pacific coast cast iron pipe signaling potential price firming as demand broadens after four years of restricted buying. Tin supplies declined in May to 41,883 tons with Straits shipments at 5,169 tons while steel demand improves for certain products, including bars and plates showing better prospects.
MENTIONED IN THIS ARTICLE
Associated Press
Pacific Coast
The
Commodity Exchange, Inc
Lancaster Livestock Market Report June 2 Prices Steady
Market slow but steady with Wednesday's prices. Hogs show a 25 cent gain, lambs steady, calves priced 6.00 to 6.50 with 7.00 for choice stock. Receipts total 454 cattle and 145 sheep and calves.
MENTIONED IN THIS ARTICLE
Lancaster
National Public Debt Increases in May
The national public debt rose to 21 835 385 981 in May from 21 441 209 176 in April and 19 036 916 646 a year earlier. The year to date deficit totals 1 684 282 719 with 1 793 267 654 in receipts and 3 477 500 374 in expenditures for the 1933 fiscal year. Income tax receipts for eleven months fell to 599 604 898 from 895 978 649 last year.
MENTIONED IN THIS ARTICLE
Washington
Washington and Jefferson Welcomes Alumni
Washington and Jefferson College in Washington Pa hosts alumni for its 1382nd commencement. The oldest alumnus, James Smith Barr of New Wilmington, aged 100, attends as guest of honor. Alumni congress, trustees meeting, a music ball game, reunions, and a reception precede tomorrow's commencement.
MENTIONED IN THIS ARTICLE
Washington, Pa
Washington and Jefferson College
Alleghenies
James Smith Barr
New Wilmington
John D. McKee
Wooster College
Also Mentioned on This Page
Standard Statistics Co
C. B. Hancock Investments
NY Stock Exchange
Bryan, Kemp and Company
West Virginian Hotel
James B. Mann
Bluefield, W. VA
America
F. Drucker
University of Michigan
W. Garner
Duke
NEW York Poultry
Wall Street Briefs
Pal
Claus
TRHCE
Toledo Grain
Baltimore Livestock
Chicago Grain
Pittsburgh Livestock
Chicago Livestock
KY City
H. R. Hawthorne
Arthur J. MacBride
Sales R. L. Wallace
Gales
Pocahontas Fuel Company Incorporated
One Broadway
U.S
Vocahontas
Udewater
Great Lakes
U. Atlantic Coast
Tidewater
Lambert’s Point
Sewell
Norfolk
Newpoer News
New Bedford
Tent Peete
Mass
Salem
Macs
Mystic Wharf
Bor
Sandusky
Ohio
Boston, M
Portiang Maine
Worfok Va
Bluefield W. Ve
Cincinnati, Ohio
Chicago, Il
groxEr, Savon & CO. Ltd
Limeon
England
Coal Trading Associa Me Holianas
Frederick Gundersen
Bersen A Ib
Beinto Basto Ys & SC
Ie Lashon
Lancaster Livestock
Washington and
Jeff
Boots
BY Martin
Wanka
Ferdy
Freckles
Blossef
Oscar
WA HA A
SK Tsk
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!