Frenzied Stock Buying Pushes General Motors to New High
General Motors led a broad market rally on August 3 with a sharp advance pushing GM to a new high near 213 3 4, trading over 2.7 million shares as investors reacted to optimism about second-half business. Other Industrials and staples posted gains while bonds softened, with mixed reactions in rates and commodities.
MENTIONED IN THIS ARTICLE
Sears
United States Steel
Wheat Decline Then Narrow Recovery in Early Chicago Trade
In Chicago trading on August 3, Liverpool weakness and a bearish outlook for the domestic winter crop pressured wheat, opening 1 1/2 to 4 cents lower before rebounding to near the previous close. Corn oats and provisions also softened early, with corn drifting and later mixed moves, while oats and provisions showed scattered gains and losses.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Foreign exchange quotations from New York daily market
Foreign exchanges firm. Quotations in cents for Great Britain, France, Belgium, Germany, Holland, Norway, Sweden, Denmark, Switzerland, Spain, Greece, Poland, Czechoslovakia, Slavic, Austria, Roumania, Argentina, Brazil, Japan, Shanghai, Montreal, and Portugal. Premium noted for Montreal.
MENTIONED IN THIS ARTICLE
New York
Great Briain
Abe
Asla
France
Belgium
Germany
Hylland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Szcho
Slovakia
Slavic
Austria
Roumani
Argentine
Brazil
Wokyu
Shanghai
Montreal Orba Premium
Portgual
Metal market snapshots from New York and East St Louis
Copper steady at 14 1 2 cents for spot and futures. Tin firm with spot and nearby at 63 12, futures 64 12. Iron steady with no price change. Lead steady at 90 cents spot. Zinc steady in East St Louis with spots and futures at 7 40 and 7 Antimony spot at 16.00.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Cotton futures steady as spot market quiet in New York
Cotton in New York on August 3 shows quiet spot trading with middling at 1915. Futures closed steady with October at 17.68 to 17.69, December 17.86, January 17.89, March 17.91, and May between 18.05 and 18.08.
MENTIONED IN THIS ARTICLE
New York
Mareh
French liens show strength amid dull bond trading
In New York and Australian markets, French issues advanced on optimism over Poincare reforms. French 7s, 7 1-28s, and 8s rose, SeiIe 7s gained a full point, and Mexican bonds rebounded from yesterday’s lows. US government and several corporates rose modestly under moderate demand. Ancillary gains appeared in Brooklyn Edison General 3s and various other issues.
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New York
Aus
Poincare
the & Small
Liberty
United States
I Ing
Brooklyn Edison General
Sinclair Consolidated
Telegraph & Telephone
Steel Central Pacific
Chicago
Milwaukee
St. Paul
Indiana
Delaware & Hudson
General Petroleum
Realty deeds and transfers list with names and streets
Mortgage and quit claim deeds record transfers among Ernest H Milligan George H Milligan Howard Lee Patsy Sailas Myles Campbell Crowther Street Catherine Feldman Stephen Ulz Maplewood Avenue William Keough James D Grady Gurwen Street Patsy Solla Julius Maretz Railroad Court Mary Sheronas Julius Maretz Railroad Court Joseph Dilman Islder Charles Bernbaum Fairfield Avenue Paolo Marino Josephine Marino James Romanelli Trumbull Avenue James D Grady William Keough Gordon Street Slate Miller Catherine Feldman Maplewood Avenue Etta Novak Catherine Feld Arthur Gibson Mary Hyatt Keeler Avenue
MENTIONED IN THIS ARTICLE
Paolo Marino
Josephine Marino
James Romanelli
Trumbull Avenue
James D. Grady
William Keough
Gordon Street
Slate Miller
Catherine Feldman
Maplewood Avenue
Etta Novak
Arthur C. Gibson
Mary L. Hyatt
Keeler Avenue
Liberty Bonds Market Quotes From New York
Liberty bonds listed with varied maturities and prices on Aug 3 in New York. Highlights include Liberty 3 1 2s at 101.14, first 4s at 100 24, second 4s at 104.08, third 4s around 102.08, and fourth 4s at 102.15 alongside Treasury 3 3 458 at 101 108 and 41 107.24.
MENTIONED IN THIS ARTICLE
New York
Liberty
Dade
Treasury
New York Produce Prices Mixed Across Staples
Aug 3 report shows butter steady with 12,715 receipts and current packing stock. eggs steady with 36,065 receipts. Kenner Whites and extras quoted at 45 to 48 cents, Pacific coast whites 41 to 44 cents, firsts 37 to 41 cents. Long Island new potatoes per barrel 3.75 to 4.25, cabbage dull at 1.00 to 1.10, land white per bushel 75 to 1.00.
MENTIONED IN THIS ARTICLE
Pacific Coast
Long Island
Island
Shipping News Arrivals in New York Aug 3
Ships arriving in New York on August 3 include Majestic from Southampton Pan American from Buenos Aires, Ebro, Callao and Conte Blancamano from various routes, Napleg from August 2, Muenchen from Cherbourg, and Vollendam from Rotterdam.
MENTIONED IN THIS ARTICLE
New York
Majestic
Southampton
Pan America
Buenos Aires
Ebro
Callao
Money market brief from New York funds page
Call money easily, all loans 4 4 2. Closing bid 4 1 2. Time loans with mixed collateral for 60 to 90 days at 4 3 8 and 4 1 2, 4 5 months at 4 5 8 and 4 g 4. Prime mercantile paper noted at 4.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Rubber Market Report from New York on August Eight
Rubber prices closed easy with September at 37 and December at 34.00. Yereb listed at 40.10, per the Aug 8 briefing from New York.
MENTIONED IN THIS ARTICLE
New York
English Mills to Stabilize Prices
Manchester August 3 AP The Master Cotton Spinners federation executive committee approved basic selling prices for standard counts of American yarns to take effect August 16. The plan aims to curb ruinous underselling following a ballot showing over 10 percent support. District reports indicate alternating week work policies, while coal stoppages and other difficulties have forced production curtailment.
MENTIONED IN THIS ARTICLE
Manchester
Master Cotton Spinners’ Federation
Textile plant deficit shown in Lowell inventory
Boston Aug 3 AP A deficit of 1 27 286 81 was shown in an inventory of the Hamilton Mig company of Lowell filed in Superior court by Charles P F Rowley receiver. Assets are mainly plant and stock with liabilities including 1 500 000 inmates among which 525 43 due Whitin Machine Works 50 000 to Springfield National Bank and 833 679 to Chase National Bank.
MENTIONED IN THIS ARTICLE
Boston
Hamilton Mig, Company of
Lowell
Charles PF. Rowley
Whitin Machine Works
Springfield National Bank
Chase National Bank
Portland Road Seeks 890000 Bond Issue
Inter state Commerce Commission was asked by the Portland and Rumford Falls railway of Maine for authority to issue 390000 in five per cent 25 year first mortgage sinking fund cold bonds guaranteed by the Boston and Maine railroad. Proceeds will refund bonds maturing next November and next August.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commisation
Portand
Prices Irregular on Curb Despite Broader Activity
New York Aug 4 AP Broadening activity marked finding in the curb market today but price movements developed greater irregularity Public utility oil and specialty shares were firm but scattered selling elsewhere held upward tendencies in check Standard Oil issues were strengthened by reports New Jersey company might adopt a more liberal dividend policy for common shares Ohio Oil gained on the extra dividend Vacuum Oil eased after the usual extra Shreveport Pipe Line and Belter Foster were strong Mohawk Valley rose to a new top price Northern States Power A among the strongest utility list American Gas and Electric and American Light and Power were heavy In specialties Celotex led with a 15 point rise to a new high close at 1947 8 Celluloid preferred gained 6 points After the close the when issued contracts in Nickel Plate Railroad were void due to merger plan changes.
MENTIONED IN THIS ARTICLE
New York
Jeresey Company
Ohio
Shreveport
Belter- Foster
Mohawk Valley
American Gas and Electric
American Light
New “Nickel Plate’ Railroad Company
Timken Declares Extra Stock Dividend In 4 Per Share Basis
Timken Roller Bearing company directors in New York declared a quarterly dividend of 1 and an extra 25 cent stock dividend payable September 1 to holders of record August 19. This raises the regular dividend to 4 per share with an extra 25 cent allotment.
MENTIONED IN THIS ARTICLE
New York
Timken Roller Bearing Company
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J.P. Morgan and Company
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