Public Utilities Lead In Irregular Stock Trading
New York market activity centered on utilities and specialties with many stocks reaching new highs while general trading showed irregularity. U S Steel rose earlier then fell to 132 8-4. Bethlehem peaked near 62 before losing gains. rails rose briefly on traffic data but could not sustain. Public utilities remained strong amid regulatory fears with Brooklyn Union Gas, Brooklyn Edison and Consolidated Gas pushing higher.
MENTIONED IN THIS ARTICLE
New York
Associated Press
United States Steel Corporation
U. S. Steel Common
Bethlehem
Valle
Inter-state Commerce Commission
Congress
Brooklyn Union Gas
Brooklyn Edison
Consolidated Gas
July Business Activity Shows Broad Regional Gains
July business activity across the United States rose versus 1926 levels, with eight states posting marked improvements. Connecticut led gains at 24.8 percent, then Delaware 16.7, West Virginia 9.7, and others including South Carolina Texas California and Michigan showing solid increases. Declines appeared mainly in the Northwest and several Southern states. Overall, summer slackness persists but autumn prospects look reasonably prosperous and no major economic impediment is seen.
MENTIONED IN THIS ARTICLE
Connecticut
Delaware
West Virginia
South Carolina
Chio
Michigan
Texas
California
Maryland
Virginia
Florida
North Dakota
South Dakota
Kansas
Colorado
Wyoming
Oregon
Liberty Bond Prices and Closing Liberties Brief
New York August 10 Liberty bond quotations listed by series with bid and last prices. Liberty 3 1 28 4 101.1 100.36 101.1 Do Ist 4 1 48 10 103.7 Do 2nd 4 1 44 1 100.10 Do 8rd 4 1 48 29 101.3 Do 4th 4 1 45 49 104 103.31 Treasury 4 1 48 10 105.20 Treasury 3 3 85 5 100.20 17 .18.
MENTIONED IN THIS ARTICLE
Liberty
Do Ist
Treasury
Foreign exchange rates on currencies and marks
Currency quotations in cents show steady markets across major nations and cities. Rates list Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Poland Czecho Slovakia Yugoslavia Austria Roumania Argentina Brazil Tokyo Shanghai Montreal Portugal and more with fractional adjustments on bonds and bills.
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New York
Ciated Press
Great Britain
Dem
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Austria
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Portugal
New York Produce Report Records Mixed Prices
Potatoes steady with receipts of 51 cars and Long Island No 1 cobblers priced at 2.25 to 2.25 per 160 pounds. Cabbages ease with Long Island barrels 75 cents to 1.00, red 1.00 to 1.50, Savoy 1.00. Butter firm with receipts 18 460 and creamery grades between 40 1-2 and 42 cents. Eggs firm with various shell and quality lines, whites and hens reporting steady or higher quotes.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Long Island No. 1
Long Island
Savoy
Hennery
Hennery Iwhites
Grain Market Movements After Government Wheat Report
Chicago August 10 Wheat prices opened lower on anticipated government spring wheat report and later rallied. Corn started steady to down, then firmed. oats strengthened while provisions sagged. Front-month prices fell 1/8 to 5/8, with Sept wheat near 141 1/4, Sept corn around 111 3/4, Sept oats 48 5/8. Closing showed wheat up 15 to 2 1/8, corn up 5 to 1 7/8, oats up 1/2 to 3/4, provisions mixed.
MENTIONED IN THIS ARTICLE
Chicago
Associated Press
Stock Averages and Treasury Daily Update
Stock market averages are reported by the Associated Press with figures for Industrials and Railroads. The daily treasury balance shows the general fund at 136,860, 11.35, with 1,864,000 shares traded and ex dividend data noted.
MENTIONED IN THIS ARTICLE
THE
Associated Press
Washington
U. S. Treasury
Specialty issues reach new peaks in curb trading
In New York August 10 Associated Press reports specialty issues hit fresh highs in curb trading with light overall volume. General Baking A and B stocks surged to new territory while Centrifugal Pump rose to 18 14. American Solvents and Chemical Pratt and Lambert Gold Seal Electric and U S Finishing gained. Pools boosted Hellman and Western Dairy Products and White Sewing Machine rights as Deere and Celanese preferred climbed. Utilities were strong though less active led by Mohawk Hudson Power and New England Telephone. Oil shares led by Standard of Indiana with Margane and pipe issues buoyant. Cuneo Press Glen Alden Coal Brista Manufacturing and Estey Welter lagged. Bond department saw Electric Refrigeration mortgages recover with Server 6s rising and Electric Refrigeration 6s up 4 to 18 points.
MENTIONED IN THIS ARTICLE
New York
Associated Press
American Solvents and Chemical
Pratt and Lambert
Gold Seal Electric
U. S
Hellman Common
Deere and Company
Celanese
Mohawk Hudson Power
New England Telephone
Standard of Indiana
Margagnew
Cuneo Press
Glen Alden Coal
Brista Manufacturing
Estey Welter
Your Money Problem
An analysis of why wealth and poverty persist beyond thrift and effort. It notes factors beyond individual control, such as firm leadership, neighborhood development, and investment outcomes, urging careful life analysis and avoiding quick judgments of a spouse’s or partner’s success.
MENTIONED IN THIS ARTICLE
Jack Horner
Eamar
Rubber Prices Close Firm in Early Trading
Rubber closed firm with September at 95.70, December 36.40, and March 36.80. Smoked ribbed sheets quoted at 35 7-8.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Cotton futures close barely steady amid quiet spot market
Cotton futures closed barely steady, 12 to 18 points lower. Spot trading was quiet with middling grade at 19.70. The Shawmut Corporation of Boston, a large banker’s acceptance dealer, boosted capital from 1.0 million to 1.6 million and raised surplus from 300,000 to 750,000.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Shawmut Corporation of
Boston
Bankers' Acceptances
Bonds Show Gain as Demand Fails to Spur Selling
The bond market showed limited selling as owners held mortgages at high prices while money stayed cheap. About 40 issues traded at or above year highs. demand was strongest for railroad and utility bonds, with Missouri Pacific and large public utilities reaching new peaks. High grade industrials and convertibles also advanced, led by Brooklyn Union Gas and U S Steel, while government bonds remained steady. A Treasury move to exchange short term securities for Second Liberty bonds had little impact. Rhine Westphalia bond issue was oversubscribed.
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New York
Associated Press
Missouri Pacific
Chicago
Eastern Ironco
Mlinois Central
Southern Pacific
Oregon Division
Cumberland Traction
Elgin
Joliet
Eastern
Louisville Gas and Electric
New England Telephone
Kansas City Power and Light
U. S. Steel
Midvale Steel
Humble Oil
Brooklyn Union Gas
Erie
General Electric
Bilesia Electric
City of San Paula
United States
Treasury Department
Rhine
Westphalia
Shipping Arrivals and Departures From Major Ports
Shipping news lists ships arriving at or sailing from ports including Empress of Australia in Southampton from Quebec and Taft in Yokohama with August dates, Sierra Ventane Bremen August 10, Patria New York August 10 for Marseilles, and departures such as President Harding New York August 10 for Bremen and Homeric Southampton August 20 with other vessels bound for Muenchen Cherbourg and Trieste.
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President Taft
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San Francisco
Sierra Ventane
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New York
Vauban
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President Harding
Homeric
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Cherbourg
Veendam
Rotterdam
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Trieste
Metals News Roundup From New York Markets
Copper steady in electrolytic spot and futures at 13 3-1. Tin weaker with nearby at 6.12 and October 64.87. Tin futures slightly lower. Lead steady at 6.75 spot. Zinc firmer in East St. Louis at 6.35 to 6.37. Antimony at 12.00 spot. Tron unchanged.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Money market rates and loan terms report
Call money steady at 3 3-4. Time loans unchanged with mixed collateral. Short to medium terms range from 4 1-8 to 4 8 months, bids around 4 1-2. Prime mercantile paper seen at 3 9-4.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Prime Mercantile
Clearing House Statement Shows Strong Exchange Volume
Clearing House report from New York on August 10 notes exchanges totaling 956 million dollars and Federal Reserve Bank credit balance standing at 85 million dollars.
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New York
Clearing House
Federal Reserve Bank
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