Irregular Close as Markets Rally on Grain Lift
New York June 17 Stocks and commodities recovered after forced liquidation faded. Wheat corn and cotton rose from Monday's levels while the price index for 90 shares gained modestly. U S Steel held firm aiding a mid day rally as copper and call money rates moved sharply, closing near midday highs but finishing with small gains or losses.
MENTIONED IN THIS ARTICLE
New York
U. S. Steel
Hoover
Treasury
Anaconda
American
Smelting
Granby
Calumet & Hecla
Cerro
Chesapeake & Ohio
General Electric
North American
International Telephone
Radio
Consolidated Gas
Westinghouse
General Motors
National Biscuit
Standard Oil
New Jersey
Steel
Money market rates steady in New York call loans
New York on June 17 reports call money steady in the 2 to 3 percent range with ruling rate at 2 percent. Time loans show 30 days at 2 1/2 percent, 60 days at 2 to 3 percent, and 90 days near 3 to 4 percent.
MENTIONED IN THIS ARTICLE
New York
Market notes show steady rates across instruments
The report lists months at 3 percent for 5 and 6 month terms with Prime commercial paper at 3 percent and bankers' accepts unchanged. The 3% figures and term references indicate stable money market conditions.
Bond Market Activity on June 17 in New York
The bond market saw the most active trading in weeks with broad activity and many issues resurfacing on the tape. Total sales reached 12 118 000 while the overall course was irregular as stock influence pressured bonds and secondary issues eased, though prime investment bonds showed firmness.
MENTIONED IN THIS ARTICLE
New York
Market roundup notes gains in Liberty bonds and U S governments
Trading in listed issues was dwarfed by convertible and warrant bond activity with narrow price moves and net changes near a quarter point. United States government issues extended their weeks long strength while Liberty issues reached new year highs except Liberty fourth 4s. Foreign bonds showed irregular activity.
MENTIONED IN THIS ARTICLE
United States
Liberty
Foreign Exchange Rates Across Nations Cited
New York report lists irregular quotes in dollars and cents for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai and Montreal with varied demand and cable figures. Major figures include Great Britain 4.85 percent, Japan Tokyo 49.45, Argentina 87.00, Montreal 100.02.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Poultry and Egg Prices Steady In New York Market
New York markets show dressed poultry steady with various item quotes. Live broilers by freight 17 to 28 cents per pound, fowls by express 18 to 23, turkeys 15 to 25, ducks 16 to 23, roosters 15 to 16, eggs 43 909 steady. mixed colors and other grades unchanged.
MENTIONED IN THIS ARTICLE
New York
Pittsburgh
Maine Green Mountains
North Carolina
Government Bonds Prices and Notes
A market ledger from New York lists United States government bonds with rates such as 3% and 4% for various issues. Specific entries include Liberty 3% 8 and Treasury 4% 48 with quotes around 102 and 112, indicating prices and bond details for the day.
MENTIONED IN THIS ARTICLE
New York
Ren Liberty
Treasury
Butter Prices Unchanged as Supplies Remain Liberal
Chicago reports butter prices steady on June 17 with ample supply. Market notes 9 percent score 3314 at 92 and 32 percent, plus scores 91 31 92 30 89 29 percent. Centralized 90 score 8249 89 51 88 25 percent. Receivers are willing sellers in the current market.
MENTIONED IN THIS ARTICLE
Chicago
Sugar Market Reacts To New Tariff And Duty Free Sales
New York June 174 The raw sugar market eased on broader near term offerings while duty frees held steadier after President Hoover signed the tariff bill raising crude sugar duty to 2.00 from 1.7648 effective at midnight. Trade showed 21 000 Cuban bags at 3.27 to refiners and 51 000 Porto Rican for June shipment at 3.20 along with 36 000 Philippines for June July August at 3.37. Futures faced selling pressure with prices at season low ends and approximate sales around 65 200 tons. No No. 2 contract sales occurred with closing prices nominal.
MENTIONED IN THIS ARTICLE
New York
Hoover
Exeter London Cable
Koover
Refinement Prices Edge Up in Market Report
The report notes prices at July 3.20, September 3.30, and December 3.40 with No. 1 futures and later months trading higher. Closing prices rise across months from July to May, with firmer refined levels as the fone refiner increases to 4.70 while others move to 4.60 for fine granulated.
MENTIONED IN THIS ARTICLE
Fone
Market Prices and Supplies Report from Pittsburgh Trade Center
Produce and dairy prices drift as demand slows across categories. Apples move slowly with russet and Baldwins priced in dollars per bushel, cabbage and onions show mixed activity, potatoes soften, butter eggs and cheese hold, poultry and hogs show varied quotes across sizes and ages.
Wheat market soars on Europe buying and dust storms
Chicago wheat rose as reports of large European buying spurred a rally. Canada and United States shipments were estimated at 4 million bushels that day with 20 million bushels in five days, while dust storms plagued Canadian wheat regions. Corn and oats gained, provisions fluctuated with small declines and gains.
MENTIONED IN THIS ARTICLE
Chicago
Europe
Canada
United States
Grain price report from Toledo June 17
Wheat No 2 red quoted at 1.01 to 1.02 dollars per bushel. Corn No 3 yellow at SL% S2%. Oats No 2 white at 43 to 45 cents. Clover seed cash domestic new at 12.00, choice cash new at 12.20.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Market report from Pittsburgh livestock sale
Pittsburgh June 17 report shows hogs 1,000 holdovers 750 mostly weak to 20 lower. Pigs and sows steady with mediums to choice. cattle steady to higher with steers good at 11.00 11.80 and cows 5.75 8.00. Vealers and calves mixed, milk fed high at 19.90 11.00 in demand. sheep steady with ewes 3.00 4.69 and lambs 2.60 4.00.
MENTIONED IN THIS ARTICLE
Pittsburgh
Chicago
Market Report Hogs Cattle and Sheep From Chicago Trade
Chicago market update shows hogs at diverse prices with 10 000 direct and 8600 holdovers, butchers steady to strong. cattle and calves weak with limited action outside grain and fed offerings. Sheep demand fair to strong with native lambs and yearlings pricing well, cut and cull stock mixed. dry goods note New York June 17 cites steadier cotton foods and reduced finished goods demand.
MENTIONED IN THIS ARTICLE
New York
Hancock Investments and related bids at Bluefield market
The notice lists Hancock Investments of Bluefield West Virginia and several competing bids from Bluefield Industrial and others. It notes a closing on June 17 at 7.00 and references entities such as Cities Service and Majestic Collieries as part of a market action with prices including 120.00 and 6¢.
MENTIONED IN THIS ARTICLE
Serv
C'tles
Indian Territory
Onnes Majestic Collieries Co
Tus River Lumber Co
Appalachan
Eltectric Power
News
Indian Territory Alumination
Silk Declines Further as Seasonal Goods Dominate Trade
Trading shifts toward immediate use seasonal goods with Silk showing a drop in activity while Silk goods production remains higher than other domestic textiles. Wool goods stay quiet and dress goods and coatings see limited activity. burlaps remain soft on lower levels.
Stockholder actions update various corporations nationwide
Stockholders approve a $2.5 million common stock raise and a 10 percent stock dividend for Houston Oil. They cut par value to $25 and approve a four for one split. Houston Pipe Line increases authorized capital to $25 million. Porto Rican American Tobacco boosts Class A to 600,000 no par shares and raises Close B to 590,000. Wright Aeronautical secures 272 Cyclone engines for the Navy. American and Foreign Power offers 250,000 shares of cumulative $6 preferred at $98.60. S. W. Strauss Co raises capital to 1.5 million no par shares. McKesson & Robins reports four month sales of $47.66 million versus $46.90 million prior year.
MENTIONED IN THIS ARTICLE
New York
Houston Oil Corporation
Texas
Porto Rican American Tobacco Company
Houston Pipe Line Company
American and Foreign Power Company, Inc
S. W. Strauss Co
Cecil Crawford Dies in Virginia Truck Crash
Cecil Crawford, 22, of Bristol Virginia died late Monday night at a Dante hospital from injuries after a state highway department truck he drove skidded on fresh tar and plunged down an embankment near St Paul Castlewood. Five other highway workers were treated for minor injuries. Crawford’s body was taken to Bristol for funeral services and burial.
MENTIONED IN THIS ARTICLE
St. Paul
Cecil Crawford
Bristol
Dante
Crawford
State Highway Department
Castlewood
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