Markets swing back as rails lead stock advance
Stocks rose in heavy trading led by rail, gold mining, and alcohol groups after an early pullback. The market closed with a 1.7 point gain, aided by news on a carrier bill and stronger results for Allied chemicals, Western Union, and several blue chips. Steel activity rose to 47 percent capacity, fueling optimism about profits despite past declines.
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New York
Rai
Santa Fe
Chesapeake and Ohio
Allied
Packing Company
Western Union
Wall Street
Postal Telegraph
Homestake
Allied Chemical and Armour of
Illinois
Postal
National Distillers
American Sugar
Dome Mines
United Fruit
United Aircraft
American Telephone
Harvester
American Tobacco
B.” du Pont
Westinghouse
Louisville
Nashville
Delaware
Hudson
U. S. Steel
Bond market steady with slight irregularity in New York
The bond market was quiet and irregular in New York trading on June 5 while strength in various specialties helped sustain the recent upward trend. Averages for 60 domestic...
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New York
Textile markets open quiet as uncertainty over recovery law looms
New York June 5 primary textile markets opened quiet and hesitant amid uncertainty over industrial recovery legislation. Small second hand selling noted in gray cotton goods. Wool goods held firm. Burlaps remained at year’s peak prices, rayon sold for August delivery.
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New York
New York Stock Exchange Quotations Displayed
Quotations furnished by Bryan Kemp and Company list prices on the New York Stock Exchange and related markets. The sheet notes memberships and exchanges including New York Cotton Exchange New York Curb Exchange Chicago Board of Trade and Richmond Stock Exchange with a Bluefield West Virginia contact.
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Bryan, Kemp and Company
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Treasury loans edge higher as year marks broaden
Corporate loans edged up one tenth of a point to 77.7 a new high for the year. Sales totaled 13,922,000 par value against 20,558,000 last Friday. Rails failed to react strongly to the carrier control bill as passage neared, but some utility and industrial maturities advanced briskly.
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House of the Administration
Call Money Rates in New York on June 5
Call money steady at 1 percent all day. Time loans easier with 60 90 days at 1 percent, 4 months at 4 percent, and 5 6 months at 1 percent. Prime commercial paper at 1 percent. Bankers acceptances unchanged with 30 days at 4 percent, 60 90 days at 4 percent, 4 months and 5 6 months at 1 percent.
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New York
Foreign exchange rates steady in New York June trade
New York on June 5 reports steady foreign exchange with Great Britain in dollars and other currencies in cents. Key demand and cable rates listed for major nations and regions including France Italy Belgium Germany and Scandinavia with several nominal and cross rates.
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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
Treasury Receipts and Expenditures Reported
Treasury receipts for June 2 totaled $9 275 26 27 with expenditures at $22 433 155 54 and a balance of $349 610 379 26. Customs duties for two days in June amounted to $1 553 320 87.
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Washington
Treasury
Government Bonds Move in Mixed Close on New York Market
United States government bonds posted mixed results in New York trading on June 5 with Liberty and Treasury issues altering fractions. Deere and Hazel Atlas Glass fell slightly while Alurpinum company rose 6 points and several industrials and utilities showed gains, led by Electric Bond Share, Niagara Hudson Power, American Gas and Electric, and United Gas.
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New York
United States
Liberty
Flrat
Treasury
Deere
Hazel Atlas Glass
Alurpinum Company
Hiram Walker
American Syanimid B
Selected Industries
Glen Alden
Niagara Hudson Power
American Gas and Electric
United Gas
Curb Market Buoyant With Heavy Trading In New York
On June 5 the curb market in New York saw strong activity as stock transfers reached about 1 006 000 shares, down from 1 240 000 the prior Friday. A few isolated soft spots appeared amid the broad trading, reflecting mixed sentiment.
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New York
Butter prices steady on Chicago market report
Butter in Chicago on June 5 shows slight stability with fresh quotes at 93 cents per pound, down to 89 cents in lower bids. Quote ranges include 92 to 90, with percentages noting buyer interest around 21 percent for 93 and 22 percent for 92. Centralized carrots quoted at 90 to 88 cents, with declines under 21 to 19 percent.
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Chicago
Wheat Rally Follows Heat Wave Across Grain Markets
Chicago grain futures rose as heat across Kansas, Nebraska, and Oklahoma caused extensive winter wheat damage. Prices surged with wheat up 11 1/4 percent, corn up around 4 1/2, oats higher, and provisions mixed amid forecasts of no relief and earlier harvests.
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Chicago
Kansas
Nebraska
Oklahoma
Grain Price Report From Toledo on June 5
Grain on track with 28 percent rate basis. Wheat No 2 red 74 42 75 percent. Wheat No 1 red 54 76 percent. Corn No 2 yellow 48 44 43 percent. Corn No 3 yellow 42 4 3 percent. Oats No 2 white 24 43 26 percent. No 3 white 24 25 percent.
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Toledo
Sugar market steady as prices hold in New York
Raw sugar Friday in New York remained quiet with prices flat at 3.45 and only 13 300 tons sold. Futures closed mixed with July at 1 53 and May at 1 72 while refined sugar held at 4 50 for fine granulated amid steady local refiners.
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New York
Produce Market Summary from Pittsburgh June 5
Pittsburgh produce report notes steady demand for apples and potatoes with varied pricing. Individual items include New York Russets at 2.00 per bushel, Baldwins 1.00, Romes 1.25, and Russets 0.65 to 0.70. potatoes with 36 cars and Maine Green Mountains 1.20 to 1.25. butter prices around 2.89 to 2.92 per pound. eggs unchanged with fresh extras at 11 to 12 percent. cheese and poultry unchanged as of current receipts.
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Pittsburgh
U. S
New York
Maine
Michigan
North
South Carolina
Hennery
Ohio
West Viroo
Kentucky
Lancaster Livestock Market Report
Lancaster June 5 cattle market shows beef steers weaker by 25. Stockers and feeders down 25 with fair demand for better grades. Calves at 253 with active selling and top wiener choices from 6.50 to 7.00. Sheep steady with choice lambs around 8.25 to 8.50.
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Lancaster
IMM Stock Meeting Reports Weak Book Growth
Franklin of International Mercantile Marine warned at the stockholders meeting that books are not encouraging. Operating subsidiary business so far this year runs about 25 percent below a year ago. International Nickel declares a 1.75 per share preferred quarterly dividend payable August 1 to record holders on July 3. Rumor says American company plans a special tin container for the brewing industry.
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New York
P. A. S Franklin
International Mercantile Marine Company
Kre
International Nickel Company of Canada
Wall Street
Pittsburgh Livestock Prices and Salt Lake City Airport Plan
Pittsburgh market notes show hogs at 4,200 head weak to 10 lower with light weights fetching 4.75 to 5.10 and heavier options around 5.00 to 5.25. Cattle run steady to strong with steers 900 to 1,300 pounds at 6.00 to 6.40, heifers 550 to 750 pounds at 5.85 to 6.25, cows 3.15 to 4.15, calves and vealers up to 6.00. Sheep at 4.75 to 7.15 for 90 pounds and lighter. Salt Lake City announces a $10,000 municipal airport administration building project.
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Pittsburgh
U. 8
Baltimore Livestock Market Clears Cattle and Hogs
Baltimore livestock report for June 5 shows cattle at 250 head with steadiness across classes. Sheep and lambs total 3,000, with spring lambs at 5.75 to 8.35 and sheep at 6 to 7 dollars. Hogs 1,600 head steady with lights 4.90 to 5.30 and pigs 4.35 to 10. Calves 250 head higher with good to choice at 5.00 to 5.50 and common to medium at 3.50 to 4.50.
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Baltimore
New York Poultry Price Summary June 5 New York
New York poultry prices show dressed poultry steady with live poultry weak. Fresh chickens 17 25 cents per lb, frozen 16 25, fowls 11 18, old roosters 10 12, turkeys fresh 12 21, frozen 14 85, ducks 12 14, frozen unquoted. Eggs: white eggs 20 21 percent for selections, nearby and midwest hennery exchange standards 16 percent, average checks 11 cents.
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New York
Chicago Livestock Market Report June 5
Chicago livestock prices show cattle veering lower across weights with hogs mostly 15 lower. Thorough notes include hogs 190-320 lbs at 4.75 to 4.90, sows 4.25, and cattle generally 5.25 to 7.50 for various weight classes, with calves and yearlings also softening. Sheep steady to modestly higher overall with native lambs 7.75 to 8.50 and yearlings 6.25 to 7.00.
Jersey City Livestock Market Report June 5
Jersey City livestock totals show cattle and calves with 2 130 head including 1 820 direct. Vealers steady with better grades 6.00 7.00, best southerns 6.00, medium 4.50 5.50. Sheep and lambs 22 800 with bulk ewe and wether lambs 8.25 7 5. Hogs 5 810 market weak to 15 lower, early sales 5.25.
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Jersey City
Cove
Trade Trends Across Industries Report Mixed Demand
The Associated Press notes rail road buyers eye a lift in the coming weeks with ongoing paper demand showing improvement. Tissues and fine papers move well while furniture buyers avoid July delivery due to uncertain costs. wool receipts in Boston last week reached 5,108,300 pounds, totaling 48,120,100 for the season versus 32,726,100 a year ago.
MENTIONED IN THIS ARTICLE
Boston
Women seek two seats on Dixie School Board
Raleigh NC federation women urge the governor to appoint at least two women to the 11 member Dixie school board created by the legislature as the state school commission. They argue two members from federation women's clubs would not be too many on the board.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
Federation Women of
North Carolina
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