Stocks Rally With Rail Shares Leading Market Upswing
New York August 12. Rail stocks led a broad market advance as speculation revived and demand supported gains despite early selling. General Motors declared a 50 percent stock dividend plus a quarterly cash distribution of 1.75, while the New York Fed raised the rediscount rate to 4 percent. Steel, railroad, and other industrials strengthened. United States Steel and Norfolk and Western posted notable advances.
MENTIONED IN THIS ARTICLE
General Motors
General Motors Corporation
New York Federal Reserve
Federal Reserve Board
Department of Labor
United States Steel Rammced Clogers
Guilt States
Republic Bach
Atchison
Norfolk and Western Touc
New York Central
Baltimore
Allied Chemical
American Smelting
Case Threshing
Consolidated Gas
Elestrie Refrigeration
United Cigar Stogus
Woolworth
Europe
New York
New York Federal Reserve Bank
United States
Norfolk and Western Convertibles
New York Central Jssues
Tlinois Central
Denver and
Rio Grande Western
Delaware and Hudson
Great Northern
Southern Railway Ia
Skelly OU
Warner Sugar
Rogers Brown Iron
Rheinelbe Union
Cuyamel Realt
Murray Body Co
New York Stock Exchange
Davlaon Chemient Wily
Deere Co Pf
Joo An
Btu
Delaware Judson
Biacult Beng
Ally Adams Express
Deralck Woetzen
Timely
Aly al
Adv
Famely
Devoe Raynolda
Abuninda
Tash
Dodge Bros
Douging
Eastman Botnk
NY Central
Harlem
Erie
Norfolk South Pty
Joterna Corp
Norfolk West
Anon
North Amor
Linpecsi
Tair Morse Co
Lee Antive
Fed Motors
Oppenheim Colling
Raily
Fleischmann Ny
Rede Tin Orpheum
Hip Commerce
Steet Ida
Boon Freeport
Stee
Gabriel Snub
Tao
Am Steel
Packard
Paige Tiet
IBM
Pan Am Petroleum
At Am Tel Tel
Pan Am
aTly
Turk IB
Panhandle
Yan Peniek Ford
Ann Peoples
Phila
Armaur
Armour Co
Fumhel Bros Arm
Forbins
Arnold Constable Corp. Sq
Bny Ant
Ann Sumatra
Pullman Co
Reading Co
Austin Nichola Co
Ano Gulf
Relding Hemtwey
Hob
Tann
BOO Brooklet
Fidison
Aart Corp
Inter Ray
Bengrate Co Ea
Stg Ri Rygon Int
Aerl Prop
Apn
Sienna Roehie
Shubert Theatre Co
ORM
Burna Bros
Ano Tnt
Hary Tony Ag
Ano Simmany Co
Burroughy
Butte
Ann Rinclair
Butte Superior
Butterick Co
Borg
Ayers Co (Am
Jena
Porto
Ann Jone
Cal Petroleum Aly
Canadian Pacific
Central Teather
WON Corpo de Parco Ga
Trimbert Co Bal Bal
Lee Tuh Tire RT
Chandler Cleve
Fehigh al Rail HK Arya
BT Gang Sterling
Chicago Alton
Chicago
Loew's
Foe
Chic Gt Western
Studebaker
Gt Western P
Pere
Pau
Ti &T Pope
Bend Tleule Nash
Symington Co
Pyoo
North Western
Zahe
Toyls Gas
Symington Co A. Tt
RT Pac
Tada Steel
Tex Co
Chile
Chrysler Corp
Colling Aikman
Tex Collins Aikman P
Tidewater
Columbia Gav el
Martin Parry
Union Garb
Wwo
Stor Ohi
Union Ol
Cal i
Bio Union
Com
Union Pac
United Cigar
United Drug
Congress Cigarate Son Minn
U S
Hoffman
Consol Textile Raas
Continental Can
Continental Insurance
Continental Motors
S Steel Corp
Wo & Steel P
Crucible Steel
Mont Ward
Moen
Cuba
Mathon
Cadahy Packing
Cushman's Sons Inc
Ow AG
Lyoudow Inc
Wabush Ry . Aig Ty
Wabash P
Walworth Co
Ward
Ward Baking
Warner rHos
Borr Bros Co
Heltbr
West Penn Lal
Western Maryld Bi
Western Pac BP
Bax
Western Union
Abon
Whill
L Br P
Willys Overland
Ino Wilson Co
Wilson Co
Pn Aw
Maclais
Bud Wright
Youngs
Rediscount Rate Boost Pulls Down Bond Prices
Bond prices edged lower as traders anticipated the New York Fed rediscount rate rise to 4 percent, announced after the market close. Government and corporate issues fell, with railroad bonds among the few gains as nervous trading persisted and foreign issues advanced modestly.
Wheat and corn futures drift lower on Canada led reports
Chicago wheat opened 1 4 to 1 cent lower amid unofficial Canada based crop doubt and heavier domestic receipts. Corn oats and provisions followed the trend with oats and corn easing after an initial drop, prices at various futures showing softening values and parity.
MENTIONED IN THIS ARTICLE
Chicago
Canada
Kansas City
S.seeseges
Foreign exchange rates in cents and local currencies
Foreign exchanges quoted in cents for Great Britain France Italy Belgium Germany and other nations with specific demand and cable values. Rates include 60 day bills on banks and regional figures for Argentina Brazil Tokyo Shanghai Montreal and Portugal among others.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Welland
Denmark
Switzerland
Spain
Greene
Poland
Czecho
Stock Averages and Market Totals Report
The Associated Press reports stock averages with rails utilities and industrials figures. It notes combined averages, bond sales totaling 6.206 million par value and total stock sales of 1.5773 million shares with Thursday and Wednesday figures and year comparisons.
MENTIONED IN THIS ARTICLE
Indus
Louw
Aza
Shipping News Arrivals and Departures For August 12
Arrived: Frederick VII, Christians and Au gust 12 from New York. Sailed: Lancastria, Southampton August 12 for New York. Washington Aug. 12. The daily statement of the US Treasury shows balance general fund today 204,520,109.19 dollars.
MENTIONED IN THIS ARTICLE
New York
Frederick VII
Lancastria
Southampton
Washiington
Aug
Treasury
Balance General Fund
Dairy and Poultry Dominate Farm Income in 1925 26
The 1925 26 agricultural year shows total farm income at 12.415 billion dollars, up 3 percent from the prior year. Dairy and poultry products contributed 4.577 billion, cotton and cottonseed 1.652 billion, fruits and vegetables 1.635 billion, and grains 1.565 billion, with broader context noting continued financial strain for farmers relative to industrial workers.
MENTIONED IN THIS ARTICLE
Aircomp
Ford
Pew
Islains
Deparan & of Agriculture
Tien
Cotton Spot Quiet as Futures Steady in October Markets
Cotton prices show quiet spot activity with futures holding steady from October. Interest centers on December and January contracts with minor shifts noted. AG21-16.25 traded around 116,144 and 16.17 in late sessions. Other financial news referenced on page 19.
MENTIONED IN THIS ARTICLE
New York
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Cady
Tatroad
Al.oans
the Mutual System
Bank Street
City National Bank of Bridgeport
Bacon Wakeman & Son., Inc
Fairfield
Barnum
Boensetald Hunt Sutiries
Fidelity Loan Corp
Middle ST
Joba Bet
John and Wall
State of
Connecticut
State OF Conn
United Loan Corp
Fairfield Ave
Water St
Coral Gables Properties
the Miami Sales CO
First National Bank Bldg
Shipping News
Treasury Balance
Foon &Fuet
Darey
Associated Gas and Electric System
Associated Gas and Electric Company
Asaociated
Broadway
The
Colonial Bond and Wortgage Company
Chapel Street
New Haven
Madison Avenue
New York City
Connecticut Bank Commissionar
W.R. Bull & CO
Noble
Bridgeport
New England Equity Corporation
Nanklin