Rail Averages Hit New Low In Narrow Market
New York June 28 Stock averages touched new lows as dividend news and railroad statements influenced trading. The 50 share composite closed unchanged with Allied Chemical and American Can rallying after losses, while Santa Fe faced its lowest level this century and Coca Cola sank over 2 points. Trading totaled 829725 shares.
MENTIONED IN THIS ARTICLE
New York
Santa Fe
Allied Chemical
American Can
Wall Street
Norfolk and Western
United States Steel
American Telephone
New Lowe
Union Pacific
Chesapeake and Ohio
Westinghquee
Curb Market Ends Narrowly After Brief Selling Flurry
The New York curb market saw a brief selling flare in early afternoon trading on June 28 but drifted quietly for most of the session and closed with small changes. Turnover reached about 90 000 shares, slightly under the previous day, with utilities like American Gas and Electric showing brief strength before closing lower. Oil shares rose on firmer crude and gasoline prices, with Indiana up a touch and Humble and Gulf holding steady.
MENTIONED IN THIS ARTICLE
New York
American Gas and Electric
California
Indiana
Humble
Gulf
Wall Street Briefs Summary of June Market Moves
Wall street expects Baltimore and Ohio to post a six month deficit near 4.5 million while traffic gains could allow a recovery of fixed charges. United Gas Improvement predicts a full year earnings drop of up to 1.7 cents a share due to Public Service New Jersey dividend cuts. Bradstreet reports insolvencies for the week ending June 23 total 687, up from 564.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Baltimore and Ohio Railroad
United Gas Improvement Company
Public Service Corporation
New Jersey
John E. Zimmerman
Jersey
Bradetreet
Bond Market Mixed as Government Secures Gains
The New York bond market showed spotty performance with softness in many categories while the U S government section remained active and firm. Federals mostly failed to sustain highs. minor losses and gains were evenly split amid a turnover of 12.809 million dollars and a three-tenths point drop in the 60 principal loans. The market was influenced by an announcement affecting car bonds.
MENTIONED IN THIS ARTICLE
New York
United States
Hancock Invests in City Services at Market Rates
C B Hancock announces purchases of 6 preferred shares in Actialectric Power Company and 7 preferred shares in Citive Service, with valuations at market. The note cites June 28 as a reference date for the transactions.
MENTIONED IN THIS ARTICLE
Sats
Actialectric Power Company
Citive Service
New York Stock Exchange Quotations Noted for Bluefield
The listing notes quotations from the New York Stock Exchange and related exchanges. JAMDS EB Mann and Jack R Younger are identified as managers or associates in the Bluefield area.
Poorest May Earnings Report Shows Decline Across Roads
The first 66 reporting roads show an approximate decline in net figures of 66 2/3 percent compared with the same month last year.
Government bonds quoted in New York trading
United States government bonds list with prices for Liberty 3%e First 4%6 Fourth 4%s Treasury 4%6 Treasury 4 Treasury 3 Treasury 3%e and Treasury 3%e rates, showing bid prices around 99 to 104 and daily movement noted by bond categories.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Treasury Receipts and Expenditures for June
Treasury receipts for June 26 totaled 3 107 986.47 dollars with expenditures of 7 292 050.42 dollars and a balance of 551 511 934.42 dollars. Customs duties for twenty five days of June reached 14 681 052.20 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Foreign exchange rates and currency demands listed
New York June 28 steady exchange with Great Britain at 3.60 for dollars and 3.61 cables. Rates for many nations given as demands and cables with several country figures and regional currencies. Market notes include Tokyo Shanghai Montreal Mexico City values and nominal rates for the Silver peso.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Italy
Pace
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Mexico City
Call Money Rates Hold Steady in New York Market
New York call money remains at 2 percent for the day. Time loans steady at 1 percent for 60 90 days and 4 6 months. Prime commercial paper yields 2 3 percent. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Dry Goods Market Quiet in New York as Trade Cools
Cotton goods were quiet while yarns remained weak in New York on June 28. The market shows high competition with small new business volume and moderate activity in men's wear and some women's wear lines.
MENTIONED IN THIS ARTICLE
New York
Sugar futures ease as offerings rise in New York market
Raw sugar declined 5 points in New York trading with last sales at 2.85 and approximate total sales around 23,450 tons. July to May futures ranged from .79 to 1.01, while refined sugar held at 3.90 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Coffee prices steady as demand shows in New York trade
Coffee markets were quiet in New York with limited activity and strong demand. No. 7 futures closed unchanged to 4 points lower with specific July 6.24 and September 6.23 quotes. Santos contracts mirrored small moves. Spot Rio and Santos prices noted as dull.
MENTIONED IN THIS ARTICLE
New York
Santos
Rio
New York Poultry Prices Mixed as Market Stays Steady
New York reports a steady poultry market with varied quotes. Chickens and fowls show mixed prices, with fresh and express trades cited and totals indicating overall steady conditions at nearby and mid western markets.
MENTIONED IN THIS ARTICLE
New York
Cincinnati Produce Market Steady In New Trading
Cincinnati June 28 market report shows E ez market unchanged with prices holding steady and activity quiet across the board in Cincinnati, Ohio.
Pittsburgh Produce Prices and Markets Report
Produce demand slow with varied quotes across items. Apples from Illinois 1.40 40, cabbage 1.26 50 for 100 lb crates from Ohio and Iowa and Texas yellows 75 85 whites 160, potatoes 32 cars steady from Maine Green Mountains 85 95, Arkansas Blue Triumphs 1.60 70, North Carolina Cobblers 2.60 75 Virginia 2.75 90, cheese and poultry noted with modest prices in nearby regions.
MENTIONED IN THIS ARTICLE
Pittsburgh
Illinois
Ohio
Iowa
Texas
Maine
Arkansas
North Carolina
Flour Prices Stable in New York Trade
Flour markets in New York show unchanged prices as of June 28 amid steady demand. Analysts note stable futures and retail pricing with no major supply disruptions reported.
Toledo Grain Prices Stable on 28 Percent Basis
Toledo grain markets show wheat No. 2 red at 44 and 45 cents, No. 1 red at 454 and 46 cents, while corn and oats hold steady.
MENTIONED IN THIS ARTICLE
Toledo
Wheat gains on tight arrivals and weather concerns
Chicago grain markets saw a brisk uptick in wheat futures as arrivals remained meager and speculative buying intensified. Traders cited the need for favorable weather in the southwest to avert further losses from recent rains.
MENTIONED IN THIS ARTICLE
Chicago
Oii
Grain futures mixed as Wheat steadies and Provisions rise
The report notes Wheat closing near session highs, firm versus yesterday. Corn moves little to firm, Oats dip about 4 percent, and Provisions gain 7 to 10 cents, reflecting a cautious trading day in futures markets.
Baltimore Livestock Prices Report June 28
Baltimore livestock market rundown shows cattle steady with steers at 6.50 to 7.26, cows 3.50 to 4.00, bulls 5.25 to 5.00, and calves 5.00 to 6.25. Sheep and lambs at 1.50 to 2.00 for sheep and 4.00 to 7.00 for spring lambs. hogs and pigs mixed with western hogs up to 20 higher. Cattle and calf totals include 50, calves 75 head across categories.
MENTIONED IN THIS ARTICLE
Baltimore
New York Livestock Market Report June 28
New York livestock totals show cattle 340 head direct markets nominal. Vealers and calves 1,450 with 1,040 direct. vealers 50 lower to steady, good 6.50 7.00, medium 4.50 5.50, culls 2.50 4.00. Sheep and lambs 9,820 with 7,440 direct. lambs 50 lower to 7.25, good to choice 6.75 7.25, medium 5.50 to 6.50. Hogs 1,830 direct, market nominal.
MENTIONED IN THIS ARTICLE
NEW York Livestock
New York
Pittsburgh Livestock Market Report June 28
Pittsburgh stock market notes hogs steady to 15 higher with light weights 130 to 169 pounds valued at 4.50 to 6.10 dollars per hundredweight and medium and heavy weights 4.25 to 5.15. Cattle mostly unchanged with steers 900 to 1300 pounds at 6.50 to 7.50, heifers 550 to 850 pounds at 5.50 to 6.35.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Livestock Price Report Summary
Calves milk fed good and choice 5.50 to 6.50 with 100 head noted. Calves 250 to 500 pounds medium to choice 3.75 to 5.75. Sheep around 600 head slow market with lambs 90 pounds steady to down 5.75 to 7.00, common and medium 3.50 to 5.75, yearling wether 3.00. Medium to good grading for vealers noted at 5.50 to 6.50 and medium 3.50 to 5.50.
Chicago Livestock Prices Amid Steady to Higher Trade
Chicago livestock report shows hogs 15 000 head with gains to 10-20 cents higher led by 140-169 lb hogs at 4.50-5.00, cattle about 5 000 head and calves firm to 15 higher with best yearlings at 7.10-8.00, sheep at standstill to 26 lower with natives topping 6.50 and wether lambs 5.50-6.50 across weights.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Trade Trends Shows Shifts in Cotton and Oil Output
Cotton consumption in May reached about 1,017,000 bales, down from April and above last May, with ten month total at 10,454,000 bales versus 9,222,000 a year ago. Last week crude oil production fell to 2,149,881 barrels, the lowest since March, due to declines in California and Oklahoma. Structural steel awards exceed 30,000 tons, mostly for public projects, while steel production remains around 15 percent of capacity.
MENTIONED IN THIS ARTICLE
New York Cotton Exchange Service
California
Oklahoma
National Whist Players Meet in Cleveland Congress
Three hundred expert card players from across the country gathered in Cleveland today for the annual congress of the American Whist League, held jointly with the Women's Whist League. The congress continues to July 7 with trophies and progressive whist through Friday, then contract and auction games.
MENTIONED IN THIS ARTICLE
Cleveland
Fear for American composer and wife missing at sea
Friends in Nice fear for Borrah Minnevitch the Broadway composer and his wife who are two days overdue at Tunis after sailing from Nice on a private sloop bound for Abyssinia. Edward Mertz of New York sailed as skipper. The couple had wagered with Roxy Rothafel that their first child would be a boy and would hunt lions if he lost.
MENTIONED IN THIS ARTICLE
Nice
France
Borrah Minnevitch
Tunis
North Africa
Edward Mertz
New York
Abyssinia
Roxy
L. Rothafel
Liong
Golden Pavilion of Jehol To Be Reconstructed in Chicago
Temple from China the Golden Pavilion of Jehol once a summer home of Manchu emperors will be shipped to Chicago and rebuilt for the World's Fair next year as a landmark exhibit.
MENTIONED IN THIS ARTICLE
Jehol
China
Chicago
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