Price Decline Persists In Narrow Market Session
Trading was dull with New York total sales 742,600 and Boston 13,305 shares. Motor stocks lagged as rumors of curb on non essential industries weighed on sentiment and broad market averages hit new lows.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Bigheart
Reserve Board
Libby
Swift
American Bosch
Fairbanks
United Drug
U. S
San Francisco
Salt Lake
Boston Stocks Highs and Finance Moves Across Markets
Eastern Manufacturing rose to 331-2 while Amoskeag gained to 87 in a market showing copper export financing plans with French bank guarantees and 90 day credits. Goodrich reports March sales at 220 million, with tire and tube output rising toward 50 000 tires daily.
MENTIONED IN THIS ARTICLE
Eastern Manufacturing
Amoskeag
Copper Export Association
France
B. F. Goodrich Company
Allouez
Atlas Tack
Arizona Com
Bigheart
Bos & Alban
Bos
Bos & Maine
Bo & Maine Mercy
Cal & Atiz
East Butte
Eastern Mfg
Edison Elec
der Bsaeeeeeee
Fairbanks
Franklin
E Tel & Tel
New River
Nipissing
North Butte
Old Colony
R R
Orpheum
Pac Mills
Fond C Creek
Swift & Co
Swift Internac
Tricity
Utah
Ventura
Waltham Watch
Wickwire
Wolverine
Walworth
Willys-Oypf
Warren Brossbeetveeee
Winona
Heyden Chem. Sicsacued
Nor Amer P & P
Eee
Sesacce Blo al
Perfection Tire Sane Eee
United Profit Sharing Oe Lig
U S Steamship Oils Atlantic Pete Sere Eeesenes
Bos Wye Oil
Ty Cosden & Co
Federal
Glenrock
Pete Eeerere
Island O & T
Merritt
Iwest Refining
Eesees
Northwest
Se Eba
Abe
Sapula
Bid Ledge Aap
Enh Baits RT
Boston
Montana
Caledonia Wera Totnrreteses
Calumet & Jerome Peeneee
Canada
Cas
Cresson
Kerr Lake
Aes Awrees
Ohio
R. Banker
Ray Hercules
Buseassece
King of
St. Silver
Ilbert
Guilders
Reas
Sweden
I Aa Econo
Denmark
Norway
Argentina
Chicago
Financial Editor's Notes on Capital, Railroads and Liberty Bonds
The piece explains railroads now bid for capital post control, high grade railroad issues and billions needed for transport. It discusses tight money influencing commodity prices, liquidations to meet loan calls, and the auto sector amid possible production limits. It notes Liberty bonds now function as currency proxy with yields 5-6 percent.
MENTIONED IN THIS ARTICLE
Equipment Trust
Hines
Finance Rates From Brokers and Loans
Outside Brokers offer 8 percent. Customers' brokers loans 8 percent. Customers' collateral loans 7 percent. Commercial paper ranges 7 to 74 percent. Year money 7 percent.
National Banks June Listings Include Boston and Water'n
National and regional banks like Boylston National Bank in Boston and Union Market National Bank in Waterman are listed with June dates indicating market or rate events. The fragment notes June timing for bank actions or notices.
MENTIONED IN THIS ARTICLE
National Banks Boylston National Bank
Boston
Union Market Nat’l Bank
Water’n
New York Market Faces Listless Trade As Industrial Conditions Worsen
Unfavorable industrial conditions dominated today’s listless stock market, fueling further liquidation across accounts. Automobile centers report expectations of lower activity due to steel mills failing to supply finished materials and reduced demand. Money conditions also weigh on sentiment as midwestern banks tighten loan scrutiny.
MENTIONED IN THIS ARTICLE
Middle West
Financial Markets Amid Steel Strikes and Rail Congestion
Local financial interests report weak conditions in iron and steel as rail strikes curb output. Factory operations slowed, 1,900,000 tons of steel delayed in Pittsburgh. Call loans rise to 10 percent while brokers' borrowings ease. Market edges lower as motors and textiles suffer. 760,000 shares traded and bonds show little activity.
MENTIONED IN THIS ARTICLE
Tron Age
Pittsburg
Liberty
U. S
Panama
Three Barrels of Whiskey Found in Auto
Clinton May 12 Calvin R Travers of Waterbury Conn was arrested for operating an automobile without certificate of registration. He was held for federal officials after three barrels of whiskey were found in the rear of the car. Travers refused to say where the liquor came from or his destination.
MENTIONED IN THIS ARTICLE
Clinton
Calvin R. Travers
Waterbury
Conn
Travers
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