Market Slump and Mixed Movements On Wall Street
New York market opened lower with some further declines for volatile issues but most changes remaining nominal and uneven. Crucible Steel jumped 8 12 points while General Motors fell 7 points. rails and oils steadied as total volume reached 5500000 shares and bonds fluctuated under higher central bank discount rates.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Crucible Steel
General Motors
Liberty
Victory
U. S
Market Slight Decline After High Inflation Shock
Traders faced a dull opening and a small loss in the industrials as the market oscillated through the day. Steel and Crucible moved variably, with analysts noting equilibrium near the bottom and expectations for the steel earnings report next Tuesday.
Cuban Cement Trust Faces Strike Delays and Earnings Outlook
The Cuban Portland Cement Company, part of the International Cement Corporation consolidation, sees common earnings between 8 and 10 dollars per share. A Havana waterfront strike hampers operations, affecting one of four properties with best near term prospects. November shipments reached 27 000 barrels and December 28 000 barrels, with January production likely higher if not for the strike.
MENTIONED IN THIS ARTICLE
Willys-Overland
Cuban Portland Cement Company
International Cement Corporation
Havana
International Cement Common
Potential upside in porphyry copper mines and rate signals
The piece notes possible richer ore in China and other mines with ore carrying 15 to 20 percent copper, suggesting a shift from low grade porphyry assumptions. It discusses recent rediscount rate moves, market expectations, and how traders priced call money, with questions about authoritative sources for forecasted rates.
MENTIONED IN THIS ARTICLE
Utah
China
Bay
Michigan
Federal Reserve Banks
Principle of Source Secrecy in Journalism
A newspaper upholds a first principle of keeping sources confidential unless authorized. Those who reveal sources risk losing access to information and trust, undermining reporting and credibility. The remark underscores ethics guiding source protection and journalistic integrity.
Money market rates quoted by brokers and lenders
Outside brokers offer 8 percent on quick call loans and 8 percent on customers' brokers loans. Customers' commercial loans run 6 percent, commercial paper 6 percent, and year money at 6 percent.
Walkley Elected Maine University Librarian
The University of Maine trustees elected Raymond L. Walkley of Minneapolis public library as university librarian. He will assume the post March 1 and is a Yale and Albany Library School graduate.
MENTIONED IN THIS ARTICLE
Crono
University of Maine
Raymond Ll. Walkley
Public Library
Minneapolis, Minn
Walkley
Yale
Albany Library School
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