Stocks Rally After Bearish Stretch Amid Record Monthly Close
The market closed higher for a second straight session amid shrinking volume of 2,272,080 shares and selective gains in volatile issues. Major gains included American Tobacco up 14 points and Allied Chemical up 8 while a $371 million drop in brokers' loans signaled liquidity strain as loans total fell to $3.416 billion.
MENTIONED IN THIS ARTICLE
New York
Bears
Wall Street
Shorts
United States Steel
American Can
American Telephone
General Electric
Atchison, Newe Yorkrw
Atchison
New York Central
Standard 611
New Jersey
Westinghouse Electric
Union Pacific
American Tobacco
Ingercoll Rand
Fastman Kodak
Allied Chemcal
Bond market steadies with gains in late trading
In New York on June 26 the bond market showed an improved tone as gains exceeded losses for the first time in days. A broad range of corporate issues including liens and convertibles rose, with most of the rally coming in late trading and little distress selling noted, though advances were modest.
MENTIONED IN THIS ARTICLE
New York
Market rally and rate cuts bolster share recovery
The market regained stability as a definite rally persisted and rising tendencies became the rule. A one half of one percent drop in the call money rate marked the lowest level since 1917, aiding the recovery. United States government issues held steady as prices remained firm and activity focused on Liberty bonds. Foreign issues showed steadiness.
MENTIONED IN THIS ARTICLE
United States
Liberty
Government bonds close with mixed Treasury results
United States government bonds ended trading in New York on June 26 with varied quotes. Liberty 348 traded near 101, First 4148 around 102.5, and several Treasury issues showed mixed figures including 112.27 for Treasury 4148 and 105.30 for Treasury 346, amid unclear additional notes.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Anautwosne
Treasury
N. Y. Stock Exchange Quotations Bryan Kemp and Co
Bryan Kemp and Company Ky Members list includes James E. Mann as manager and Jack R. Younger as assistant manager with telephone contact 1800. The notice outlines membership and contact details for the firm operating within New York Stock Exchange circles.
MENTIONED IN THIS ARTICLE
N. Y. Stock Exchange
Bryan, Kemp and Company
Foreign exchange rates and demands across nations on June 26
New York reports irregular foreign exchanges with Britain at 4.85 13-10 demand and 4.861-82 on cables, France 3.929-16 demand, Italy 6.23 percent demand, Belgium 13.95, Germany 2382, Holland 40.17, Norway 26.7649, Sweden 26.85, Denmark 26.75, Switzerland 19.38, Spain 11.41, Greece 1.29, Poland 11.26, Czechoslovakia 2.96, Yugoslavia 1.76, Austria 14.11, Romania 59, Argentina 35.87, Brazil 11.3, Tokyo 49.40, Shanghai 36.18, Montreal 99 953-16. Great Britain quotes in dollars, others in cents.
MENTIONED IN THIS ARTICLE
Kennecott Copperssess
Adams Express
Krueger and Toilssaeeee
Kroger Grace
Lambert Co
Lehn and Fink
Allied Chemical
Alleghany Corpn
Atceey
Liggett and Myers B
Allie Chalmers
Lowe's Inc
MilPorillard
Sly American Car
Fay
Louisianna O Seer
Louisville
Nashville
American Internat
Ludium Steel
Smeeees
McKeesport
C-S
American Rolling Mills
Magma Copper
American Steel
Mexican Seaboard
Miami
Armour
Armour B
Montgomery Ward Ee
Atlas Power
Distillers
Aviation Corpn
Baldwin Loco
Nevada
Balto
Ohio
XN. Y
Central
Norfolk and Western
Bendix Aviation
North Amer. Aviation
Best and Co
North Amer, Co
Steel
Il Bethlehem
The
Northern Pacific
Borden and Co
Oliver Farm Equip
Borg Warner
Os Brunswick Balke Col
Pac
Packard Motors
Ai Calif
Pet
Calumet
Arizona
Paramount Publix
Hecla
Pathe Exchange
Canada
Canadian Pacific
Peoick and
Ford
Penney
J. C
Peon Dixie Cement
Cerro de Pasco
Pennsylvania R. R
Chesapeake Corpo
Phillips Vet
Pillsbury
Chicago
Proctor and Gambler
R. I. and
Public Service N. J
Chrysler
Secco
Coca-Cola
Colorado Fuel and Iron
Radio Corpn
Radio Keith Orpheum
Remington Rand
Motors Asee Es Wee
Congoleum Nairn
Republic Steel
Ip Stad Dpebade
Coms. Gas
Reynolds Tob
Bee
Continental Baking
Royal Dutch
Continental Cam
St. Joseph
Continental Insurance
St. Louis San Fran
Continental Motors
Seaboard Air Line i
Continental Oil
Roebuck
Curtiss-Wright
Curtiss-Wright A
Simmons Bed Ween
Davison Chemical
Simms Pet. Ee
Oa Eee
Delaware and Hudson
Sinclair O'l
Ison
TGC
Senesnacsncua
Southern
Calif
Federal Water Service
Foster Wheeler
Standard Oil N. Y
Fox Film
Enews Oo
Stewart Warner
Freeport Texas
Stone Amd Webster
General Amer
Tank
Studebaker
General
American Cance
Union Pacific Wee Cme Neewsessesce
Glidden Company
United Aircraft
United Carbon Eee
United Corpn
Graham Paige
United Gas Impr
Tay Granby Copperee
Ne Aw
U. S. Ind
Great Northern Pfd
Grigsby Grunow
U.S. Pipe and Fdy
Goodrichee
U. S. Realty
Gulf States Steel Eee
Padi U. S. Rubber
Hershey Choe
Houdaille
Houston Oil
Hudson Motore
Virginia
Caro
Chem
Wabash Ae
Reese
Hupp Motors Ilinois Central
Ward Baking B
Warner Pictures
Warreen Bros
Wesson Oil
Western Maryland
Western Union
Westinghouse
Cocanih
Willys-Overland
Inland Steel A
Woolworth Ee
Worthington
Johns Manville
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
Raw sugar market steady with firm undertone in New York
In New York on June 26 the raw sugar market showed no price change but a firm undertone. Raw futures held steady on trade covering against spot sales, finishing 1 to 2 points higher with 31,550 tons traded. No. 2 contract closing gains: July 3.19¢, September 3.29¢, December 3.41¢, with others listed. Refined sugar withdrawals remained strong due to warm weather, yet no new business emerged. Fine granulated prices stood at 4.60 to 4.70 cents.
MENTIONED IN THIS ARTICLE
New York
Butter prices rise on Chicago market with firm demand
Butter prices advanced in Chicago trading as higher grades sold at 87 to 89 scores amid strong demand and close hold by receivers. Fresh 93 score at 33 1/3 cents, 92 score at 32 1/2, 91 score at 31 1/2, 89 score at 29 1/2, and 88 to 87 scores around 27 to 28 cents were noted with centralized markets showing 90 score at 32, 89 score at 31, and 88 score at 29 cents.
MENTIONED IN THIS ARTICLE
Chicago
Wheat Markets Rise On Drought Reports And Demand
Chicago grain buyers driven by sources from the northwest pushed wheat up in early trading as drought rumors from Alberta and Saskatchewan spread. Large flour sales to eastern bakers aided the rally, with chatter about Farm Board stabilizations extending to this season. Wheat finished 4% higher at 4% up on the day, corn up 1/2 to 1/3, oats steady to up 4 cents, and provisions up 7 to 32 cents.
MENTIONED IN THIS ARTICLE
Chicago
Northwest
Alberta
Saskatchewan
Canada
Federal Farm Board
Toledo Seed Prices in Wheat, Corn and Barley Market
Toledo seed prices listed for June 26 show Wheat No 2 red at 95 9/8, Corn No 3 yellow at 81 8/8, Barley No 2 at 58 1/8, Rye No 2 at 75 1/8, Cloverseed Dec bid at 13 3/16, and Alsike prime cash at 11 1/4 dollars per bushel or unit.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Alsike
Pittsburgh Produce Prices and Market Snap Shot
Pittsburgh June 26. Produce demand slow with mixed receipts across commodities. Apples, cabbage, onions, potatoes, butter, eggs, cheese, and poultry show varied prices and activity. notes on specific grades and regional origins. Dressed poultry prices unchanged as markets remain unsettled.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
New York Baldwins
Illinois
Flour Power Estimates in Australia Waterways
New York reports flour production unchanged while Australia’s waterways are estimated to hold about 3,374,000 horsepower, with less than one-fifth currently utilized, indicating vast untapped hydro potential.
MENTIONED IN THIS ARTICLE
Australia
Dry goods prices fall as liquidation sells stock fast
New York June 26 prices for print cloths dropped to 5 cents for spots of 38 to 60 inch widths with a 641x60c measure, reportedly 3 cents per pound under cost. Retail stock liquidation pushed unusually low prices on durable lines. Raw silk weak with light demand. Silk goods sold at clearance sale levels. Burlap easy and quiet. Wool goods in light demand.
MENTIONED IN THIS ARTICLE
New York
Poultry market tones and mixed prices in New York
Poultry conditions steady to irregular with dressed and live stock varying. Receipts total 23,135 cases with mixed colors and closely selected extras. extra flats priced around 24 to 29 cents, broilers and roosters listed with express rates. Details include nearby hennery browns and whites, western lots, and average extras amid market fluctuations.
MENTIONED IN THIS ARTICLE
Maine
Green Mountains
North Carolina
Virginia
New York
Express
Hennery
Western
Chicago Livestock Market Report June Prices and Receipts
Hogs receipts 30 000 head including 11 000 direct opened steady to 10c lower later trade mostly steady top 9 10 new low since January 1929. Cattle receipts 5 000 head calves 2 000 head general trade strong to 25c higher most killing classes sharply higher. Sheep receipts 6 000 head better grade fat lambs around steady others weak to unevenly lower. Prices for various weights and grades listed across hogs cattle and sheep with specific totals and ranges.
MENTIONED IN THIS ARTICLE
Chicago
Iowa
Wall Street Briefs and Federal Reserve News Summary
New York June 26 The weekly report from the Federal Reserve Bank of New York shows gold imports of 182000 pounds mainly from Latin America with no exports and no net change in gold earmarked for foreign accounts. Tin supplies are set to drop by 12,000 to 15,000 tons within three months starting July 1 as dredges stop in Malaya Burma and Siam. Production will be cut to 20 percent below 1929 after two months. Midland Natural Gas plans a 2500.5 million five year convertible debentures to acquire income producing properties with over 2900 acres of gas lands and 121 wells yielding about 6.02 million cubic feet daily. Public Utility Holding and Deutsche Bank of Berlin acquire 50 percent of Westphalia United Electric Power of Germany, previously a government utility.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
Latin America
Far East
Malaya
Burma
Siam
Midland Natural Gas Company
Pennsylvania
West Virginia
The
Public Utility Holding Corporation
Deutsche Bank of Berlin
Westphalia
Utilities firm completes testimony in Buckhannon rate case
The Mountain State Utilities company finished its testimony before the public service commission in Charleston on June 6, seeking higher water rates in Buckhannon. The commission kept the case open for further investigation as Buckhannon city council filed a formal protest, though not represented at the hearing.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Public Service Commission
Mountain State Utilities Company
Buckhannon
Arctic island colony funded by Archangel Soviet authorities
Soviet authorities on Novaya Zemlya, the great Arctic island off the Russian coast, have appropriated funds to establish a new settlement. The planned colony will be the northernmost on the island and lie near Spitzbergen latitude.
MENTIONED IN THIS ARTICLE
Archangel
Novaya Zemlya
Great Arctic
Spitzbergen
Finn Bur Enrolls At Haskell Summer School
Vaan De Finn Bur nette, descendant of Sacajawea, Indian guide of Lewis and Clark, joins Haskell Institute Lawrence Kansas for summer school in tribal headdress. He is a young student continuing the historical lineage and education in a summer program.
MENTIONED IN THIS ARTICLE
tos + Vaan De Finn Burnette
Sacajawea
North Dakota
Pacific Ocean
Finn
Haskell Institute
Lawrence
Kan
West Virginia Briefs: Justice Study and Political Moves
Charleston-Charleston Bar Association adopts a resolution directing a study of the justice of the peace system with a view to recommending either change or abolition. Huntington reports the drowning of Virgil Leon Cherrington in the Ohio river after a boat squall. Charleston James Ellwood Jones declines to commit on a possible run for the Republican Senate nomination. Charleston Board of Public Works declines to reopen 1950 utility assessments. Charleston Burns incident leads to the death of John Wright, 62, from kerosene poured on fire. Charleston Public Service Commission hearings begin on Mountain State Utilities water-rate request in Buckhannon. Charleston West Virginia state and synodical Luther league convenes its third annual convention. Charleston John M. Wolverton files for re-election as Republican congressman from the third district.
MENTIONED IN THIS ARTICLE
Charleston
Charleston Bar Association
Huntington
Virgil Leon Cherrington
Ohio
James Ellwood Jones
McDowell County
John Wright
Black Henay
Hearinga
Public Service Commission
Mountain State Utilities Company
Buckhannon
West Virginia State
Synodical Luther League
John M. Wolverton
Nickwood
A. C. Chapman
New Mar
Democratic nation for state senator at tinsville
White Sulphur Springs Roger L. Weneley president of G. M. Basford company says steel cast ing industry must stimulate broader use of cast steel and improve merchandising methods in address to Steel Founders Society of America. Clarksburg John Barile 21 sentenced to five years in state went tertiary for stealing cattle. Robbers obtain 395 loot from safe of lumber company. Moundsville typhoid fever cases in Cilles Bottom mining town across the Ohio river from Moundsville. Fairmont holdings of Diamond Ice Cream company sold at public auction to Imperial S Cream company Clarksburg for 8026. Clarkburg Rev Johan Mac Donald Morgantown nominated as state prohibition party candidate for United States senator.
MENTIONED IN THIS ARTICLE
Tinsville
Democratic Nation
Rogerl. Weneley
New York
G. M. Basford Company
Steel Founders Society of America
Clarksburg
John Barile
Safe of Lumber Company
Moundsville
Cilles Bottom
Ohio River
Fairmont
Diamond Ice Cream Company
Imperial ‘S Cream Company
Clarkenburg
Johan MacDonald
Morgantown
Prohibition Party
United States
Rivalry on the Ohio River in old packet boat race
Cincinnati readers will witness a river pageant on June 28 as the Tom Greene and the Betsey Ann vie for supremacy in a revival of Ohio river packet racing. The ships will start from Fermbank dam and finish at Coney Island, with thousands of autos in tow along the banks.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio River
Tom Greene
Etern Wheeler
Greene Line
Pittsburgh-Cincinnnati Lines
Chris Greene
Tom
Betsey Ann
Ohio
Louisiana
Fermibank Damm
Coney 14 Land
Acme
Industrial and utility firms near closing markets
Fragmentary lines show cities service company actions in Indian Territory with mentions of Majestic Collieries Tug River Lumber and energy related items. Trade figures include 75.00 and 60.00 at market with June 26 closings. Names and places are partially garbled.
MENTIONED IN THIS ARTICLE
Eee Industrial Bullétin
Indian Territory
Majestic Collieries
Tug River Lumber Co
Also Mentioned on This Page
Street
Pivotal
Standard Statistics Co
Ind
Rb.r
Util
Eee
New York Stock Exchange
New York Curb Exchange
Richmond Stock Exchange
James E. Mann
Bluefield, W. VA
New York Cotton Exchange
Chicago Board of Trade
Jack R. Younger
Chicago Grain
James Elwoog Jones
Jeaae J. Mann
Marie Alexander
A. J. McBride
Mer
Incorpo
Pocahontas
Pocahontas Coallield
Tidewater
Great Laker
Pocahontas Fuel Company Incorporated
Pe Grigns
Gert A
Sret
Pocahontas Fuel Company, Incorporated
Broadway
Norfolk
Main St
Boston
Mass
Board of Trade Ride
Mincinnatl Ohio
Dhe Portland
Moulton
MY Boy
Mama
You
Papa
Darling
Codge
Carlos
Hwe
Bim
Chicago Livestock
Wall Street Briefs
North
Kirat National Bank
Cluefield
First National Bank
Bluefield
Sidney Smit
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