Electrical Stock Collapse Sinks Market in Heavy Losses
The Manhattan Electrical Supply stock plunged from 120 1 2 to 58 1 4 amid a broad market decline. General Motors proposed a capitalization change after the close, while bonds and commercial paper held steady. broad losses hit investment and several industrial issues as the market tumbled and anxiety rose among traders.
MENTIONED IN THIS ARTICLE
New York
Associated Preas
Manhattan
Stock Exchanges
Stock Exchange
Wis
Devoe and Reynolds Company
Dias
General Motors Corporation
Cis
New York Federal Reserve Bank
Houston
Delaware and Hudson DuPont
Sterling
American Express Consolidated Gas General Railway Signal
Sears Roebuck and
Vanadium Mackay Companies
Bank and Insurance Stock Quotations Burnished by Bankers Capital
Bankers Capital presents bank and insurance stock quotations in a burnished edition. Listings include major banks and insurers with closing prices and notable shifts for investors seeking market moves and sector performance.
MENTIONED IN THIS ARTICLE
Bank and Insurance
Bankers Capital
Shipping Arrivals and Departures Noted in New York
Ships and passengers listed from Marseilles to New York and back, including President Wilson arriving August 11, President Van Buren arriving August 10, Frederick Will Christiang and August 11, and Berengaria sailing to Southampton with Veendam from New York on August 10.
MENTIONED IN THIS ARTICLE
Wilson
New York
Marseilles
van Buren Marseilles
Frederick Will Christiang
Berengaria
Southampton
Veendam
Treasury Balance in General Fund Updated Today
Treasury balances show the general fund at 130,876,916.26 dollars as of today August 11 in Washington. The daily statement records total public money available and reflects routine fiscal activity.
MENTIONED IN THIS ARTICLE
Washington
US Treasury
Foreign exchange rates and quotes from New York
Foreign exchange notes list daily quotations in cents for Great Britain Ireland France and many other nations. Rates cover demand cables and 60 day bills across continents including Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Jugoslavia Austria Roumania Argentina Brazil Tokyo Shanghai Montreal and Portugal with varied bid and ask spreads.
MENTIONED IN THIS ARTICLE
New York
iBy
Associated Press
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Cotton futures closing gains and mixed moves on August day
Cotton futures closed higher for October and December while other contracts slipped. October 1944 to 1847, December 1975, January 39174 to 1977, March 19092 to 1B a7, May 2007 to 2011. Spot middling at 1970.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Money market rates and call money steady in New York
The Money section notes call money steady at 3 3 4 for foam futures with closing bids around 2 3 4. Mixed collateral for 60-90 days quoted at 3 7 8 to 4 1 4. For 4 6 months 4 1 4 to 4 3 8, and prime mercantile paper at 3 3 4 to 4.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Call Money Steady All Foams
Ume Foans Easie
Prime Mercantile
CURB LOSES EARLY GAINS AS PRICES BREAK LATE
New York stock action shows curb market nerves as prices slide after an open rally. Issuers tied to Manhattan Electrical Supply fall sharply while Bancitaly and several utilities rally. several leading issues retreat, with mixed results across mining and solvent stocks.
MENTIONED IN THIS ARTICLE
CURB
New York
Associated Press
Stock Exchange
Chicago
Lewiers
Derle and Company
Glen Alden Cor
Great Lakes
Gypsum
Bancitalyagal
WTF
Habiershaw Gib
Mavis Bottling
U 6
Penn-Ohio Edison
New Exchange Rule Delays Proxies for Stockholders
New York August 11 The New York Stock Exchange rule requiring written stockholder consent before issuing proxies affects bankers seeking approval for capitalization changes. The New Haven railroad faces delays as stockholders meet August 17 to consider a 500 900 share preferred issue. Commission houses report slow proxy authorization, not opposition, hindering the plan.
MENTIONED IN THIS ARTICLE
New York
Associated Fiess
New York Stock Exchange
New Haven Railroad
Grain prices rise as crops report signals future abandonment
Chicago Aug 11 grain prices climb amid reports of increasing crop damage and favorable conditions for wheat and corn. Wheat futures showed gains while corn rose to new high seasonal levels, with oats and provisions dropping modestly on opening. The government crop report hinted at future corn abandonment and market nerves amid volatility.
MENTIONED IN THIS ARTICLE
Chicago
Associated Press
Clearing Tone in New York AugulaC House Statement
The report notes exchange balances and Federal Reserve banks figures with a listed 923 million exchange balance and a 97 million balance, alongside a 87 million Fed balance. The text reflects financial ledger figures and currency holdings across institutions.
MENTIONED IN THIS ARTICLE
New York
Uing
House
Federal Reserve Banks
Bonds Turn Irregular After Early Firmness Display
New York Aug 11—Prices to the bond market showed irregular behavior after an early firmness. High grade bonds sagged as money rates rose, with Brooklyn Union Gas 4 1/2s up briefly to 88.1, then erasing gains. Industrials saw mixed moves while Pro American issues and utilities fluctuated, and foreign issues showed decent demand. US government securities remained firm but light in activity.
MENTIONED IN THIS ARTICLE
Jase Viles Aigh Low
Tew Lork Stock Exchange
Tosty
Atta Bales
Salas
TOD Ajax
Chala Mas Wits
Ana Sari Chient
West
Staten
Oun
Houston
Texas
Hudson Matihat
Ana Linaadt
Gus
Tdand
Waty
Am Niue
Ken Rell
Letty Teuth
Wwe
Santerty
Leiter
Janey Bros Lea
Jordin Motor War
Ny City
Smhdo Rayner
Tony
Fonda
Austin
Lady Vanadl
Ian Looy
Mies
Kresge Deri Stores
Filalk
Ats Qi
Vrlunga Roy
Tambert
Burasdall
Lehigh Valley
Lehn Link
Vateres
Winmaenthal
Foo Lignia Cachan
West Tan
Fay
Lorillard
Stern
Beraswick
Jrunsyi Hk
Mackay
Burruazhy
Mailbison
XU Mallinson
Mandel Bros
Oyerld
Miumat
Woolworth
McCrory
Wits
Lada
Central
Alor Steel
Middle
Corrs de Pasco Copper
Agg
Ohio
Mit
Montana
Mort Wardena
St Paul
Mullins
North Western
North West
Ptt
Joly Lel
Morray Molorie
Prtumath. Tool
Tunis
Bellas Hews
Thirester Corp Rae
Ante
Chrysler Corp
Chan
Caea Cole
Athina
Consol
Norfolk Westen
Tata
Crocthe ‘Steel
Caladan
Ons Inc
Custais Bonya
Rt Wits
MC Ava
Imnt
Anare Hadeon
Tau Penn
Peorla Vasteri
Thania
Bere
Tim Uy
Ted
New York
Associated Press
Tizeang Atte
Brooklyn Union Gas
Delaware and Hudson
Los
Julius Kayser
Hudson
Tion Pressen
Warner Sugar
Frisco
Florida East
Cosat
Union Pacific
Public Service of
New Jersey
International Telephone
General Electric
United States
Liberty Bonds Ted Press Closing Liberty Note
Liberty Bond figures appear for the first and second series with counts and amounts listed. Treasury offerings are shown with series numbers and amounts, including 4th and 3-86 listings, indicating bond sales data and closing figures from the period.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Liberties
Liberty
Treasury
Metals News Roundup From New York Markets
Copper steady in spot and futures around 13.38. Tin eases near 64.62 with nearby 64.37. Lead quiet at 6.75. Zinc at East St Louis spot and futures 6.40. Antimony steady near 12.00.
MENTIONED IN THIS ARTICLE
New York
iBy Associated Press
St Louis
Also Mentioned on This Page
Manhattan Co. Isaacs
New York Central
Remington Arms Company, Inc
Charles E. Doyle &Co
Wall Street
New York City
Telephone
John
Hodson
W. E. Willard & Co., Inc
Weat
Piet Natons Bank
Tal Aeron
Bane
Sonial Park
Uwon
Cassis Noi
Pary & Br
Vales
Balaxcr
State Street
Noble
Ani Associated Press
New Haven Road
French
United Loan Corporation
Fairfield Ave
Cor
Bankers Capital Company of
Connecticut
New Haven
First National Bank
Bridgeport, Conn
Waterbury
GuNnEr E
J Sturges
Kirk RJ Ranpall
H A McKiLior
Daniel Pyle Earle Hepburn
John Keogh
A F
Connor GF
Sirmon
Bridgeport Telephone
Bridgeport
Fairfield
Stratford
Milford
Ansonia
Orange
West Haven
Hincks Bros. & CO
Barnum
The
North End Bank & Trust Co
Conn
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