Markets Rally Fades as Prices Break Sharply
New York June 20 Prices fell sharply after a brief rally on subdued business signals and lower broker loans. Wheat dropped to a low near 93 1/2 cents with U S Steel and others slipping several points as bears regained control. Banks eased money rates to multi year lows fueling bond strength while overall industrials and utilities showed limited support.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Reserve Bank
U. S. Steel
American Can
General Electric
Bears
Bradatreet’s
Pun’s
U. S
New York Central
Johns Manville
North American
Standard Gas and Electric
Auburn Auto
A. M. Byers
Westinghouse
Union Pacific
American and
Foreign Power
Electric Power
General Motors
Radio
Standard Oil
New Jersey
Paramount
Warner Brothers
Allied Chemical
J. I. Case
Eastman Kodak
Delaware & Hudson
Atlantic Coast Line
Foreign Exchange Rates Bulletin From New York
Foreign exchanges show firmness with Britain at 4.85 13/16 dollars and other currencies quoted in cents. France demand 3.929 16, cables at 92 11/16 cents. Germany 5.23 percent demand. Belgium 13.95, Germany 23.84, Holland 40.1744, Norway 26.86, Sweden 26.8544, Denmark 26.75, Switzerland 19.3614.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Unclear OCR: International percentages and place names
Fragmentary data lists Spain Greece Po land Czechoslovakia Jugoslavia Austria Rumania Argentine Brazil Tokyo Shang hai Montreal with varied percentages and a date style. No coherent event or outcome is present.
MENTIONED IN THIS ARTICLE
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Call Money Rates Steady In New York Markets
Call money in New York remained steady at 2 1/2 percent for the day. Time loans ranged from 60 to 180 days at 2 1/2 to 3 percent. Prime commercial paper quoted around 3 to 3 1/2 percent. Bankers acceptances shown easier with 30 day terms at about 2 1/4 to 2 1/2 percent and longer maturities around 2 to 2 1/2 percent.
MENTIONED IN THIS ARTICLE
New York
New York Bonds Rally After Fed Rate Cut Signal
Bonds in New York firmed on June 20 after federal reserve signals suggested a rate reduction. Investors pushed fixed income securities higher as confidence grew in timely economic easing.
MENTIONED IN THIS ARTICLE
New York
Bond market rallies as rediscount rate hits historic low
Under U S leadership the market moved upward with all grades of prime investment issues rising. Prime rail issues showed the greatest vitality as banks and insurers renewed interest in yields on high grade bonds. The federal reserve rate cut to 2 percent from 3 aimed to end dormancy and keep cheap credit through summer.
MENTIONED IN THIS ARTICLE
United States
Federal Reserve
Liberty
Treasury
Government Bonds and Textile Market Report
United States government bonds closed with varied results across series including Liberty 344s and Treasury 4s, while cotton and textile markets showed slight demand improvements. Cotton gray goods and rayon demand rose modestly with some broadcloths lawns and fancies selling, while wool goods remained steady and spot raw silks quiet.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Ictdimensitaaliin Iquinatan Melapmanaree
Treasury
Margunnw
Poultry and Eggs Prices Reported in New York
June market notes show dressed poultry steady with live items irregular. Broilers and roosters cited with freight and express quotes. eggs at 27 030 steady. mixed colors unchanged. Nearby and Western hens priced with extra and average levels, reflecting steady demand.
MENTIONED IN THIS ARTICLE
New York
Market Report From Pittsburgh on Fruit Veg Prices
The Pittsburgh market reports show moderate demand and steady movements for apples onions potatoes and cabbage with varied car counts and prices.Specific items include New York Baldwins at 2.35 to 2.40 per basket, Transparents at 4.00 to 4.50, No. 1 Texas yellows at 1.60, Maine Green Mountains potatoes at 2.25 to 2.50, and assorted poultry price ranges for hens broilers and turkeys with little change noted.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York Baldwins
Ben Davis
Tennessee
Missouri
Texas
Maine
Green Mountains
North Carolina
Virginia
Sugar market steady as Cuban and Philippines shipments move
Raw sugar trading in New York on June 20 saw prices unchanged while sales of 42 500 bags Cuban to a local refiner at 8 24 delivered and 2 50 bags Philippines for July August at 3 37 to an operator. Futures showed narrow changes with final prices unchanged to 2 points higher and total approximate sales around 45 700 tons.
MENTIONED IN THIS ARTICLE
New York
Philippines
Sugar market shows higher t41 point with July and September closes
No sales reported as July 3.18, September 3.29, and December 3.40 close higher. Primary contracts also list July 1.28, September 1.38, December 1.48, January 1.60, March 1.57, May 1.64. Warm weather boosts demand for refined sugar though activity remains muted with no new business and granulated prices steady at 4.60 to 4.70.
Pittsburgh Livestock Market Prices Report
Pittsburgh June 20 hogs 1900 head mostly steady with medium to choice weights firm to higher. Cattle steady to varied with steers 1100-1300 pounds 11.00 to 11.50, heifers 850 pounds down 9.00 to 10.50, cows 5.60 to 8.00, vealers 9.50 to 10.50, calves 7.50 to 10.00. sheep 500 head 8.00 to 11.50 with lambs 10.50 to 11.50 and yearling wethers 6.00 to 8.00.
MENTIONED IN THIS ARTICLE
Pittsburgh
Toledo Seeds Market Report Summary
Wheat No 2 red 97 98. Corn No 3 yellow Sow 81 1/2. Oats No 2 white 42 44. Clover seed October 12.75 bid December 12.95. Alsike cash new October 11.15 bid.
MENTIONED IN THIS ARTICLE
Toledo
Wheat Declines Sharply on New Price Lows and Rain Forecast
Chicago, June 20 reports a wheat market slide to fresh multi year lows as stock weakness and rising federal farm board expenses weigh. Canada rain in time to curb hot dry wind crop damage supports sentiment but prices finish down about 24 to 25 cents a bushel with corn and oats also lower and provisions up modestly.
MENTIONED IN THIS ARTICLE
Chicago
Canada
Federal Farm Board
Congreve
Butter Prices Steady Amid Quiet Chicago Trade
Chicago markets report butter prices about steady with a generally quiet trade. Receivers note fairly heavy arrivals and ready sellers. Various grade scores and percentages are listed, including 92 score 32 percent and other scores such as 98 42 and 91 31, reflecting mixed receipts and pricing.
MENTIONED IN THIS ARTICLE
Chicago
Commercial failures in the United States weekly totals drop
New York report shows 487 commercial failures this week, down from 489 last week and 485 two weeks prior. Insolvencies fall on the East and Pacific coast, offset by higher South and West totals. Cotton exports reach 25,234 bales, with season totals and prior year comparisons noted.
MENTIONED IN THIS ARTICLE
New York
United States
R. G. Dun & Co
Pacific Coast
Mixnorie
Chicago Livestock Market Report Shows Mixed Hogs Cattle
Chicago livestock sales June 20 show hogs at steady to weak with top near 9.85 and most under 9.75. cattle and calves trade very uneven and narrow with slaughter classes around 11.25 and fed yearlings 9.25 to 11.50. Sheep and lambs steady to weak with undergrade cuts easing.
MENTIONED IN THIS ARTICLE
Chicago
Ee Food and Choice
Bluefield Industrial Build and City Service Co. Closing
Fragmentary OCR notes show entities Bluefield Industrial Build ing Mo L L Ark Natural Gas Cities Service Co Majestic Collieries Co Indian Territory looms. Reference to market closing on June 20 at 7.00 with figures 120.44 50,00. No clear narrative or outcome.
MENTIONED IN THIS ARTICLE
Tage
Norfolk
Great Lakes
Sandusky
Ohio
Toledo
Bluefield Industrial Building
Pia
Indian Territory
Majestic Collieries Co
Ug River
Governor Green Breaks Ground for Michigan State Hospital
Gov. Fred W. Green leads official delegation at Ypsilanti ground breaking for a new state hospital for the mentally deficient. The project plans include 5,000 beds with facilities described as modern and well equipped.
MENTIONED IN THIS ARTICLE
Fred W. Green
Michigan
Ypsilanti
Unclear text fragment on commodity pricing data
Partial OCR fragment lists figures and terms like 12.50 9.00 11.50 and references to ewes and common. No coherent event or single item identified for a proper summary.
TOTES Installed Across England Tracks
Automatic electri colalleators are being installed on main racing tracks in England. Bets are entered by hand and tickets are issued automatically with indicator lights. Payouts come five minutes after each race, and Tote odds outpace bookmakers.
MENTIONED IN THIS ARTICLE
London
England
Odda
Peak Foreign Phone Service Reaches High Between 10 and 11 A M
A Boston report notes foreign telephone service peaks from 10 to 11 a m New York time equivalent to 3 to 4 p m London time. Afternoon surges occur around 2 p m and again near 7 p m. In 1929 daily calls averaged about fifty with a record 189 on a single day aided by faster transmission and quicker connection completion.
MENTIONED IN THIS ARTICLE
Boston
New York
London
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Standard Statistics Co
Ind
Atchison
Atlantic
Bethlehem Stee
Byers Corp
Cal
Hee
Canadian Pacific
ORR
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Chrysler Sieees Co
Col Grasee
Dupont Wee
Eastman
Pat General Fiedric
Hudson Mee
Ind O and G
Nik Ba
Kelly Spr
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Liggett
Myer
Mack Truck Ae
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Nat Cash
Owens Bottle Poses
Packard
Tern Oueters Pere
U8 Steel
Wabash RR
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Maryland
Weatinghouse Airbrake
Westinghouse Frecrie
Willys Overland
BY Ahern
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Ambriff College
Ind. A.R
Util
A Aw Men Ae
Jeaac L. Mann
James D. Jones
Fat
Re Mar
Navigation Alexander
Cotas
Aseie Mere
Wallace
Pocahontas Fuel Company Incorporated
Pocahontas
Haip
Es Mio
Tidewater
Pocahontas Fuel Company, Incorporated
Pocahontas Coalfield
United State
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Mass
Board of Trade
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Newport News
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Wall Street Briefs
Chicago Livestock
C. B. Hancock Investments
First National Bank
Bio
Bluefield, W.va
Boots
WAICA
Wernone
Dex
BY Martin
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