Market Highlights and Readying the Reading Plan
Yesterday's market activity reflected renewed public interest with Mexican Petroleum leading gains in New York and Carson Hill in Boston. The report notes total sales across exchanges, renewed exchange tension from the Irian situation, and mentions the Reading Company's segregation plan awaiting Supreme Court action with trustees to start next month.
MENTIONED IN THIS ARTICLE
New York
Boston
Mexican Petroleum
Carson Hill
American Telephone
Swift & Co
Island Creek Coal
Total
Utah
Anaconda
Seneca Copper
Calumet & Arizona
Isle Royale
Greene- Cananea
Supreme Court
Reading Company
Various stock speculation as Supreme Court decision awaited
Market notes show little stock class speculation pending a Supreme Court ruling. August sales at Montgomery Ward 5,433,413 compared to 7,751,458 last year, and eight months’ sales 46,982,968 vs 74,398,206. Pere Marquette to acquire Flint Belt by ICC order. Major rail and mining results and commodity prices follow.
MENTIONED IN THIS ARTICLE
Supreme Court
Financial General
Montgomery, Ward & Co
Pere Marquette Railway
Interstate Commerce Commission
Flint Belt Railroad Company
Michigan Central Railroad
Railroad Administration
Erie System
Missouri, Kansas & Texas
United Cigar Stores Company
Butte & Superior Mining Company
Texas & Pacific Railroad
Chicago Board of Trade
Read Reflect Then Act on Market Snapshot
A compact listing shows recent high, price movements for various firms. Includes American Inter Corporation, Sumatra, American Woolen, Atlantic Gulf, Crucible, General Asphalt, Kelly-Springfield, Keystone Tire, Mex Petroleum, Sears Roebuck, United Drug, U S Rubber with percentage or numeric figures.
MENTIONED IN THIS ARTICLE
Inter
Sumatra
Atlantic Gulf
Crucible
Keystone Tire
Mex. Petroleum
Sears, Roebuck
United Drug
U. S. Rubber
Market closes with moderate gains after short covering rally
The stock market extended yesterday with renewed short covering and gains from one to six points in several leading issues. Copper shares led a late rally, while Mexican Petroleum rose sharply. however late-day selling trimmed early advances and rails and industrials finished higher only modestly.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Mexican Petroleum
Sterling Exchange
Holland
Exican Petroleum
Anaconda
Utah
Kelly Springfield
Republic
Baldwin
Rubber
Studebaker
U. S. Steel
Aconda
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Financial Editor
By A. J. Bean
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