Industrials Reach Record High Amid Market Rally
New York August 7 The Dow industrial average surged to a record as heavy buying propelled U S Steel and Van Sweringen rail stocks higher. General Electric, Mack Trucks and American Can led gains with several issues hitting multi year highs, while rail names such as Chesapeake and Ohio and Nickel Plate posted notable advances amid broad market optimism.
MENTIONED IN THIS ARTICLE
New York
IAPA
U.S Steel Common
van Sweringen
Chesapeake and Ohio
U Ss
New York Federal Reserve
Bradstreet's
Dun‘s
Midland Steel Products
General Railway Signal
New York Central
General Electric
Mack
Burroughs
American
International Combustion Esgineering
Air Reduction
General Baking
Glidden Company
Great Wesern Sugar
Gulf States Steel
National Canners
National Dairy Products
International Shoe
Federal Trade Commission
Seling
Mallinson
Viewinness
Coca
Frank G Shattuck
International Telephone
Chesapeake and Ono
Pete Marquette
Erie Common
Preferred
Ontario
Western
Call Money
GM not interested says president
Alfred P. Sloan Jr refutes rumors that General Motors explored new tires or fuels. He cites unauthorized statements from the American Chemical Society convention in Los Angeles and asserts GM has announced a new line of cars as proof no revolutionary automotive invention is being pursued.
MENTIONED IN THIS ARTICLE
New York
General Motors Corporation
Alfred P. Sloan, Jr
American Chemical Society of Los Angeles
Sloan
General Motors
Real estate transfers span Willow and Center streets across multiple parties
A long list of land trades records transfers from Kitana, Michael Martini, and others to buyers such as John Martini, Arthur Gibson, Cay Savings Bank, and Connecticut Baptist Convention. Parcels on Willow, Center Street Extension, Dover, Washington Terrace, and more shift ownership for sums from 500 to 21 025 dollars with numerous associations and trusts involved.
MENTIONED IN THIS ARTICLE
Kitana
Michael Martini
John Martini
Center Street
A. Podoleff and Sona, Incorporated
Arthur C Gibson
Willow Street
East End Realty Corporation
Podoleff and Sons, Incorporated
Willow and
Dover Streets
Rose Hockheiser
James ¥. Dooley
William H. Reiger
Texas Avenue
Sarah J. Radding
Carrie Mitchall
Conrad K. Prutting
Mary H. Limbert
Elizabeth Wright
Hmilia Macroix
George C. Prutting
Edith
J. Ross
Fiva Prutting
Cay Savings Bank
Arthur C. Gibson
George F. Fushnell
David T. Lane
Marya Pisa
David T Lane
Ooniga! Bank
Dover Street
Julia Blanzczyk
Henry E. Shannon
Kosatth Street
Samuel Clark
Henry Kormolut
Norman Street
Julia Glasner
City Bevinks Tank
Lafayette Street
Kitana and
William Kowalski
Mechanics and Farmers’ Savings Bank
Robbing Street
Danish Evangelical Church
Connecticut Baptist Convention
Connecticut Avenue
Bunnell Street
Tevardo
Lucia Ornaturo
Larey Andy
Seaview Ave
Ague
Isaac ED Schine
Dante Schine
Laaac EE
New York Produce Market Highlights August Prices
Butter held steady with salted and unsalted at 41 to 46 cents per pound. Creamery products rose to 43 1 2 to 46 cents for extras, with various creamery and creamery firsts quoted. Eggs, cheese, and other items show mixed but stable trends across regions, including dairy products, fruits, and poultry.
MENTIONED IN THIS ARTICLE
New York
Cotton futures and spot hold steady as market pauses
In New York on August 7, cotton spot prices remained quiet with middling at 24.55. Futures finished mixed with small moves, October around 24.04 to 24.05, December 24.24 to 24.26, January 23.74 to 23.75, March 24.93 to 24.05, and May 24.34, reflecting a subdued market despite ongoing gang violence referenced in a narrative line about a man noting gangsters killed by other gangs.
MENTIONED IN THIS ARTICLE
New York
Alassan Golago
United Drug
United Fruit
Bosch
U S
U S Steel
Vanad Corp
Jonas Bros
Caro Chem
Jordan Motors
Lee Aly
Kan City
Wabas
Sea
Walderr Pe
Inter
Kayser Co
Kayser J Co
Mit
Lehigh Valley
Erie
Willys
Mackay Cos
Wright Aero
Arch-Did
Macy Acs
Wueley Ace Ae
Arm Co
Macy EH
Arnold
Articon
Hlec Corp
Bagre Atchison
Atlas
Austin Nichols
Baliwin Loco
Baliwin Loco P
Iery
Balll Ohio
Miami
Baill Ohio P
Mid Con Pet
Angor Anco
Barns Corp A
Mid Steel Tates
Mid Steel P P
Beth Stee
Misg Pac
Brit Morene
Mont Ward
Bill
Bop
Butte Son
Bae
Norfolk Southern
Norfolk West
Oppen Collins
Orpe
Chile
Owens Bot
Pacific O
Lowe Ag
Coca_ Col
Park & Trike
Penick Ford
Penn Coal
Consol
Penn RR
Crucible Steel
Philadelphia Co
Phil Rdig
Philip Mor
Pierce
Plepce
del Hudson
del L. Wea
Pitts Coal
Detroit
Pitts
Dodge
Pullman
Don End
John
Reading Co
Fair Morse Co
Ina
San St Jos
Flelach Co
Founda Ca
Savage Armna St
Schulte
Sea Air Line Dalyaay
Seagrave
Petral
Shell UN Oil
Rene
OR Fa
Simms Post Sy Ag
Ginter Co
Gidden Co Serene
Hart Corp A
Strom
Studebaker
Howe Dnd
Tann Co
Texas
Tex
Stock Closing List Follows On NYSE Trade Day
Yesterday’s stock report from New York notes the complete closing list of today’s NYSE transactions. Market activity centered on major blue chips with traders watching key industrials and financials for direction.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Wheat soars to new highs amid heavy buying and tight supplies
Chicago August 7 AP Wheat jumped to a top of 17 3 80 cents above last week’s close and 6 5 8 cents over yesterday as eastern connected houses led buying and futures rose. Closing prices ranged from 1.65 7 8 to 1.66 1 8 for September and 1.64 1 4 to 1.64 1 8 for December, with corn steady to higher and oats also firmer amid ongoing market strength and expected large next week clearances from Chicago.
MENTIONED IN THIS ARTICLE
Chicago
Bouyant
New York
Curb Prices Rise on Radio Shares Demand in Market
Stocks rallied amid a broad market upswing as radio shares led gains. American Light and Traction jumped to a record near 202, despite a denial of a potential Laclede Gas acquisition, while Nickel Plate and Fox Films hit new highs on earnings and merger news.
MENTIONED IN THIS ARTICLE
New York
Olla
American Light and Traction
United Light and Power
Laclede Gas Company
W. Grande Storen
Fox Films A
Nizer
Purity Baking
Thermiodyne
Foreign exchange rates in New York on August 7
Foreign exchanges show irregular quotes with major currencies listed. Britain at 485 3-8 demand and 485 3-4 cables. France 4.68 1-2 demand and 4.69 cables. Italy 3.69. Switzerland 19 42 1-2. Argentina 40.37. Montreal 100 1-18. Rates and cables vary by nation and market.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugoslavia
Austria
Roumanig
Argentina
Brazil
Tokio
Shanghai
Montreal
Money New York Morning Call Money Rates
Call money in New York firm at 4 1 4 percent with highs and lows around 4 1 4 percent. Ruling rate 4 1 4 percent. Closing bids 4 1 4 5 offered at 4 1 2 percent. Last loan 4 1 call loans against acceptances 3 3 time loans, firm with mixed collateral 40 to 90 days 4 4 1 4 to 4 6 months 4 1 4 1 2 percent. Prime commercial paper rated A.
MENTIONED IN THIS ARTICLE
New York
Treasury balance report for August fifth
United States Treasury balance as of August 5 shows 162,747,699.88 dollars. The August balance reflects federal receipts and expenditures ending that date.
MENTIONED IN THIS ARTICLE
Washington
United States Treasury
Stock trading surge tops records in first seven months
Approximately 100,000,000 more shares have been bought on the New York exchange this year than in the same months of 1924. Through July 1926 about 241,000,000 shares traded versus 141,000,000 in 1924, with sales far exceeding any year in the past fifteen.
MENTIONED IN THIS ARTICLE
New York Exchange
Iig|t
Bond market shows gains amid selective buying on Aug 7
New highs for several issues as heavy selective buying lifts bonds. Liberty bonds range around 100 to 106 with 3 1 28 and 4 1 48 notes improving. U S Treasury issues move narrowly as industrials and utilities show pockets of strength.
MENTIONED IN THIS ARTICLE
New York
Liberty
Treasury
U. S. Treasury
Fruit Growers Eye New Markets at Connecticut Fair
Connecticut fruit growers are urged to study new markets as the State Fair Association prepares for the Connecticut Fair exposition. Geo Fraser of Willimantic notes world demand for American fruit is expanding with countries like Sweden Denmark Ireland and Argentina boosting purchases. The fair opens Labor Day September 7 with special awards for best fruit packaging and efforts to improve packing.
MENTIONED IN THIS ARTICLE
Connecticut
Geo
Fraser
Willimantic
State Fair Association
Atp
Sweden
Denmark
Ireland
Scotland
England
Germany
Argentina
Brazil
Mexico
Cuba
United States
Hongkong
Philippines
China
Canada
State Pair Association
Commodity Prices New York Cash Quotations August
Cash prices for staple commercial products listed with year ago comparisons. Wheat No 1 spring and No 2 red new quotations, corn No 2 yellow, oats No 2 white, flour Minn pat red family print cloth and granulated sugar shown.
MENTIONED IN THIS ARTICLE
New York
Bank Clearings Show Increase Across Regions
Dan's weekly compilation reports a national bank clearings total of 8.753 billion dollars, up 5 percent from last year. Excluding New York, totals rose 11.2 percent, reflecting broad gains in financial activity this period.
MENTIONED IN THIS ARTICLE
NW York
Dan
Metal market summary from New York dated August 7
Copper firm with electrolytic spot and futures around 14 t-4. Tin steady with spot and nearby 1997 and futures 69.12. Zinc firm at East St. Louis futures 7.60. Antimony spot 18.00 to 18.25.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Also Mentioned on This Page
U. S. Steel Common
Joan
Reality Records
N. Y
Wisconman
Brown
Fresa
Broilers
Family
I’ark
Mess
U.S Treasury
Peoria
Eastern
Chessyeake
Ohio
Bordeaux
Hungary
Missouri-Kansse-Temaac
Denver
Kansas
Kaneis City
Metal Market
Bt Bros
Guaranty & Trust Co
Main Street
Blumbine Vo. d. Wade
Hawley Ave
N. ¥ Stock Exchange
N.Y
Ettes Exchange
Ny, Coffes & Exch Chicage Board of Trade
Broadway
New York City
Lomas & Nettleton Co
Orange St
New Haven, Coon
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