Santa Fe dividend cut chills rail shares on a mixed market
New York June 6 brisk trading on the stock exchange saw gains in speculative bonds and some industrials while rails cooled after Santa Fe directors cut the preferred dividend. The 90 stock composite showed a slight loss as late buyers trimmed earlier declines. Rail merger rumors persisted amid consolidation news. Western Union and Postal telegraph advanced strongly while others varied.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Santa Fe
Illinois Central
Lackawanna
New York Central
Southern Pacific
Union Pacific
Western Union
Postal Telegraph
U. S. Steel
National Steel
Republic
Youngstown
Vanadium
General Motors
Chrysler
Nash
Allied Chemical
Can
du Pont
Union Carbide
Bond Market Rises on Industrial and Utility Strength
New York June 6 bond market extended gains as industrial and utility specialties led higher totals. Strong sales reached 17,561,000 with renewed investor demand after a period of high activity in 1933.
MENTIONED IN THIS ARTICLE
New York
Hancock Investments picks at market power names
C B Hancock Investments reports Apgelacnian Electric Power Compass and seven preferred at market. Cities Service common closes at four percent on June 6.
MENTIONED IN THIS ARTICLE
C. B. Hancock Investments
Apgelacnian Electric Power Compass
Cities Service Common
New York Exchange Quotations From Bryan Kemp Company
Quotations furnished by Bryan Kemp and Company list activities on the New York Stock Exchange New York Cotton Exchange and New York Curb Exchange with associated offices at the West Virginian Hotel Building Bluefield West Virginia. James B Mann serves as manager and the firm is a member of regional exchanges including Richmond Stock Exchange and Chicago Board of Trade.
MENTIONED IN THIS ARTICLE
N.Y. Stock Exchange
Bryan, Kemp and Company
West Virginian Hotel
James B. Mann
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Treasury Receipts and Outlays Report June 6 Summary
Treasury receipts for June 8 totaled 6.207 million dollars with expenditures at 12.584 million and a balance of 343.234 million. Customs duties for the first three days of June amounted to 1.727 million dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Rawengar prices rise as refinery demand strengthens
In New York on June 6, Rawengar moved higher with renewed refinery buying pushing spot prices up by 5 points to 3.50 for duty frees. Total sales reached 34,950 tons. Futures closed July at 1.55, September 1.58, December 1.64, January 1.65, March 1.70, and May 1.70. Refined prices held at 4.50 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Rawengar
Iynal
Butter Prices in Chicago Dairy Market Report
Chicago June 6 butter market shows steady to firm tones with varied quotes across several lots. Centered on fresh stock with readings around 93 to 90 cents per pound, while carrots show mixed values near 90 to 88 cents, reflecting regional fluctuations and supply conditions.
MENTIONED IN THIS ARTICLE
Chicago
Cotton goods markets show mixed demand and firm wool
In New York on June 6 moderate trading occurred in gray cotton goods with finished goods held for later delivery where prices are not top. Wool goods remained firm with a rising tendency and cold sales moderate. Silk goods were firmer as trading continued.
MENTIONED IN THIS ARTICLE
New York
Wheat Prices Slip on Forecast Cooler Weather
Chicago grain traders saw a late session pullback as cooler forecasts cooled earlier gains. Wheat ended fractional lower after four straight scorchers, with corn and oats mixed as experts expect lighter, shrungry wheat to dominate the 1933 harvest.
MENTIONED IN THIS ARTICLE
Chicago
Transportation and finance brief notes on 6 corporate issues
The article reports a 12th straight session high average of 77.9 for six domestic corporate issues, with sales totaling 17.561 million dollars par value, versus 13.922 million yesterday. Rail traffic improves but Santa Fe halves its semi annual dividend from 2.50 to 1.50, triggering transportation division reactions.
Curb Market Edges Higher as Volume Increases
New York June 6 curb market traded heavily with ragged swings but a late upturn trimmed losses. Volume rose to 1,157,000 shares from 1,006,000. Industrials ended irregular. Aluminum swung but closed unchanged. Hazel Atlas and Deere edged lower. Utilities firmed and Electric Bond and Share rose to day’s high, up 2 percent.
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New York
Aluminum Company
Hazel Atlas Glass
Deere
Government Bonds Market Report From New York
Government bonds closed with Liberty 3s and various Treasury notes quoted. Prices and yields for several foreign and international issues are listed, including Norway, Sweden, Denmark, Spain, Greece, Portugal, and other global assets, with several cross-listed or nominal figures in New York trading.
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Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Hongkong
Mexico City
Montreal
New York
Foreign exchange rounds out steady gains in New York
Foreign exchange markets in New York on June 6 showed strength with British pounds quoted in dollars and cents. Cables stood at 4.04 percent, with 60 day bills at 4.03 percent. France and Italy demands matched cables at 4.70 and 6.19 respectively, while Belgium and Germany demands were listed but incomplete.
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New York
Great Britain
France
Italy
Belgium
Germany
Call Money Markets Steady In New York
Call money in New York was steady at 1 percent for the day with time loans at 60 to 90 days 1 percent, 4 months 1 percent, and 5 to 6 months 1 1/2 percent. Prime commercial paper remained at 1 percent and bankers acceptances were unchanged.
MENTIONED IN THIS ARTICLE
York
Bankere
Baltimore Livestock Prices Broad Market Report
Baltimore livestock prices June 6 show cattle steady with steers good to choice 5.75 to 6.00 and cows 3.50 to 3.75, heifers 5.00 to 5.00, and medium bids. Sheep and lambs at 600 head steady with spring lambs 7.75 to 8.35, hogs 1,000 head steady with light 4.90 to 6.30, and calves 75 head steady at 5.00 to 5.50.
MENTIONED IN THIS ARTICLE
Baltimore
Jersey City Livestock Market Report Readout
Jersey City cattle totals 380 direct with 1 890 calves and weaners, market steady to strong and better grades at 6.00 to 7.00, sheep and lambs 5 570 with 4 200 direct, market steady to strong and top hogs at 5.25.
MENTIONED IN THIS ARTICLE
Jersey City
Kresge May sales fall slightly amid revival signals
Kresge reports May sales of 9,941,023 dollars, down 1.1 percent from May 1932. American Machinist notes early signs of revival in machinery and equipment industries. Supply business ran ahead by as much as 50 percent at several centers with growing demand for used tools.
MENTIONED IN THIS ARTICLE
New York
S. 58
Kresge Company
New York Poultry Market Report June 6
New York poultry prices and trends show eggs at 4, 47, 335 weak with mixed colors and standards at 13%, 12% for firsts, 39 for mediums. White eggs fetch 19 to 21 with nearby and midwestern hennery exchanges at 17 to 19. Live poultry remains easy, dressed poultry steady with chickens fresh 17 to 22 and fowls frozen 11 to 17. other freight and express unchanged or unquoted.
MENTIONED IN THIS ARTICLE
New York
Pittsburgh Livestock Market Report June 6
U S Department data from Pittsburgh lists livestock prices. Hogs 900 head, various weights from 130 to 350 lbs, prices 4.25 to 5.25. Cattle 15 head, steers 900-1300 lbs, 4.75 to 6.40, heifers 550-750 lbs 4.00 to 6.35, cows 3.15 to 4.16. Calves 125 head, 2.75 to 6.00, lambs 90 lb and up 4.85 to 8.50. total market steady.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S. Dept
Market Prices Report From Pittsburgh June 6
Produce demand slow with apples steady. New York bushels steady at 2.25 for large, 1.75 to 2.00 for medium. Potatoes 100 lb sacks steady at 1.20 to 1.26 for Green Mountains. Cobblere stock 3.60 to 3.85 per barrel. Butter 92 score extra and 80 score 21 to 22 cents. Eggs current receipts 9 to 12 cents. Cheese mild 14, sharp 26. Poultry and hogs listed with rates for colored hens, leghorns, broilers, old roosters, ducks, geese, turkeys, and fresh dressed hens and hogs.
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Pittsburgh
U. SS
Depts
New York
Maine
Green Mountains
Michigan
North Carolina
Ohio
West Virginia
Kentucky
Lancaster Livestock Report June 6
Lancaster, June 6 cattle market shows beef steers slow after yesterday's decline, stockers and feeders steady. Calves steady with good vealers 6.50 to 7.00, few at 7.50. Sheep steady with choice lambs to 8.50, hogs steady near 2.98.
MENTIONED IN THIS ARTICLE
Lancaster
Chicago Livestock Hogs Market Report June 6 Chicago
Hogs 25 000 with 11 000 direct, live and active, up 5 to 10 cents on all classes. Good to choice weights 190 to 325 pounds priced from 4.80 to 4.90 per hundredweight, tops at 4.90. Sows 4.30 to 4.50, pig feeders 3.75 to 4.00. Estimated 1 000 shipped by shippers.
MENTIONED IN THIS ARTICLE
Chicago
Market Report: Cattle and Sheep Demand Mixed
A crowded livestock sale shows dull trade on many killing classes with prices slipping 10 to 15 points. Top bids reach 7.25 for 1,300 lb cattle while steer categories range 4.25 to 7.50 per hundredweight. Sheep firming with good lambs around 8.75 and 8.00 for bulk. yearlings up to 6.75 7.25.
Grain price quotes from Toledo on June 6
Grain on track at 28 percent rate basis with nominal figures for Wheat No. 2 red and No. 1 red around mid seventies, Corn No. 2 yellow near 42 to 44, No. 8 about 41 to 42, and Oats No. 2 white around 25 to 26, No. 3 white about 24 to 25.
MENTIONED IN THIS ARTICLE
Toledo
Trade Trend Signals Mixed Hosiery Pricing
The Associated Press notes market price irregularity with some leading producers raising prices about 10 percent on average while others withdraw lines. Hosiery manufacturers discuss a general price and wage increase under a new industry control plan as the market strengthens with independent producers already pushing up by 25 cents per dozen pairs.
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