Stock Market Softens After Motor Stock Rally
The Chicago market edged lower with only two motor issues and a couple of steel and equipment stocks showing gains. General Motors surged above 400 and Stutz rose to 245, while Bethlehem Steel and American International posted notable earnings figures.
MENTIONED IN THIS ARTICLE
General Motors Rebounds
Fairbanks
Bethlehem
Am. International
Otis Elevator
General Motors
Stutz
Baldwin
The
Stock Exchange
Bears
Bethlehem Steel
United States Steel
Merrimac Hat Corporation
Veterans 10 Join Forces for Memorial Day Service
The American Legion of Suffolk County with 29 posts and the United Spanish War Veterans Boston Municipal Council with 12 camps plan a merged memorial field service at Franklin Park on Sunday May 30. Officials say attendance could exceed 80 000 due to the merger, though announcements against the move followed a City Hall meeting.
MENTIONED IN THIS ARTICLE
American Legion
Suffolk County
United Spanish War Veterans
Boston
Franklin Park
City Hall
Evening Sun Bulletin Edition Discontinued
The Evening Sun will discontinue its bulletin edition starting tomorrow due to a severe newsprint paper shortage. The first edition, issued at 10:30 AM, will no longer be published for the present.
MENTIONED IN THIS ARTICLE
New York
Thevening Sun
Bulletin
Rail rate case and steel reports loom for market
Financial editor notes ICC hearings will shape rail rate making basing. Valuation methods and freight increases to guide earnings and rehabilitation prospects. Bethlehem Steel annual report seen as market factor but not decisive. Steel quarterly figures already reveal much.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Bethlehem Steel Corporation
The
Steel Corporation
New York Stocks Trade Mixed Across Industries
Major equities listed show varied moves with highs around 35 while many industrials and utilities advance or retreat. Key names include Rumely Ajax Alaska Gold Allis-Chalmers Am Ag Chem Am Beet Sugar Coca Cola Iron and Steel firms with mixed ex-dividend status and notable activity in Atlantic Coast Baldwin Locomotive and Union Pacific.
MENTIONED IN THIS ARTICLE
Adams
Rumely
Rumely Pf
Ajax Rubber
Alaska Gold
Alaska Jun
Ag Chem
Bosch Mag
Car
Inter Corp
la France
Ship& Com
Sm & Re
Sm & Repf
St Foundry
Sumatra
Atch T&sf
Atch
T& SF
Atlantic Coast
Aulgf&wi
Baldwin
Balt & Ohio
Barrett Co
Ary Beth Steel B
Beth Motor
Booth Fisheries
Brook Raper
Burns Bros
Butterick
But
Cap & Z
Butte & Super
Caddo
California Pack
California Pet
Calif
Callahan
Canada
Cerro de Reece
Chandler Met
Ches & Ohio
Gt Western
Gt West
Ch & Emll
Chi Pney Tool
Chi Mil
Chi & St P
Chic & N'west
Chie & Nwst
Chi RI & Pac
Crucible Steel
Cuba
Money Market Rates Hover Around Key Benchmarks
Outs brokers quick call at 8 percent. Customers' brokers loans 6 percent. Commercial loans range 12 to 7 percent. Commercial paper 6 14 to 7 percent. Year money 6 4 to 7 percent. Foreign exchange rates noted.
MENTIONED IN THIS ARTICLE
Ustomers
Also Mentioned on This Page
Canadian Northern Railway
Dominion of Canada
Canadian Bank of Commerce
United States Mortgage & Trust Company
Trustes
Dominion
Wm. A. Read & Co
Congress Street
Exchange Place
Ws Ag
General Motors New
Bigheart
Shorts
Bigheart Oil
Carson Hill
Boston & Maine
New Haven
Anaconda
Steel
Bethlehem Steel Annual Report
Liberty
Treasury
Schwab
American International Corporation
Simms Petroleum Company
Stone
International Mercantile Marine Company
United Fruit Company
United States Rubber
Chevrolet
Buick
Puget Sound Traction, Light & Power Company
Puget Sound Power & Light Company
Wolverine Copper Mining Company
Waldorf
Werschell-Spillman Motor Company
H.H. Franklin Manufacturing Co
Franklin Automobile Company
Syracuse, N. Y
Cumulative Preferred
F. A. Barton
Treasure
H. H. Franklin Manufacturing Co
Kidder, Peabody & Co
Devonshire St
Wall St
Foreign Exchange
Letters of Credit
Baring Bros. & Co., Ltd
London
Hornblower & Weeks
Chicago
Detroit
Providence
Broadway
Portland
Richardson, Hill & CO
Bangor
Copley Plaza Hotel
Central Motors
the Evening Sun
Financial Editor's Notes
Ry Steelering
Ray Con
Ing
Cavers
Fee
Baas
Ogle Steel
Tron & Steel
Repub Mot T
Roy Dutch NY
St Jos Lead
South Pacific
PR Sugar
South Railway
South
Stewart Warner
Stromberg
Sila
Studebaker
Stuta Motor
Superior Steel
TexasCo
Txas & Sanils
UN & Paper
Union Pacific
Union Pacificion
Renae Oe
Cip&f Pf
Wigsh Cop
Walton C &C
Wabash
Wabash Pf
W&le
W& LE Pf
White Motor
Willys O'land
Wilson Co
Woolworth
Worth Pump
den & Mon
Elmer-Brant If
Endiett J’hn’n
Erie
Freeport-Texesas
Gaston W & W
Haskell & Kotke
Hendee Mfg
Homestake
Hupp Motor
Illinois Central
Ae Jaaparation
Interboro
Int Harvester
Jones Bros
Berte
Loews Inc
Ft Inc
Loose Wiles
Lorillard
Mack Cos
Maxwell Motof
Ax Motors
Max Motor
Max Roe
Max Mo
Miami
Midvale Steel
Missouri K& Z
Missouri Pac
Kan & T Pf
Missouri Pac Pf
Ontana
National Acme
Enam & St
York Dock
Nh&h
North Pacific
Nova Sco Steel
Ohio Cities Gas
Okla Pro & Re
Ontario
Pere Marquette
Philadelphia
Pierce Arrow
Pitt C&c
First National Bank
Buenos Aires
Argentina
New York Providence
Springfield
Pittsfield
Money Market
Chicago Grain Market
Eman Brekence
Serene Ae
Weden
Denmark
Teehee Bene
Norway
Beebeene Ort
Any
Brazil
Rio de
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