Market rally steadies after Gary death shocks trading
New York August 15 stock prices showed strength with a strong open aided by short covering and buying. The death of Chan Mak Elbert H. Gary of United States Steel triggered a brief downturn, but support returned and markets moved higher before noon. Industrial shares led gains with Case Threshing Machine up and United Drug among top gainers. U S Steel closed up despite initial drop. Call money remained ample and commodity prices firm with cotton, wheat, coffee, and sugar holding steady.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Chanan Elbert H. Gary
United States Steel Corporation
Rapid City
United States
Bears
International Harvester
Otis Elevator
Timken Roller Bearing
United Drug
Woolworth
Gary
U. S. Steel Common
National Biscuit Preferred
Radio Corparation
Cuyamel Fruit
Great Northern
Northern Pacific
Atchison
Bangor
Aroostock
Baltimore
Ohio
Pittsburgh
W. Virginia
Sea Common
Delaware and Hudson
Liverpool
Utility Earnings Outperform 1926 Figures by 10 Percent
Electric light and power companies show strong 1927 results with half-year gains around 10 to 12 percent above 1926. Per capita electricity consumption rises toward an estimated 650 kilowatt hours for 1927, up from 627 last year, while earnings for utilities exceed prior six months.
MENTIONED IN THIS ARTICLE
United States
Your Money Problem by Harland Allen
History shows that from ancient times people have trouble holding on to their valuables and precious documents. The piece discusses the importance of safeguarding papers and valuables through prudent measures and awareness of risks.
MENTIONED IN THIS ARTICLE
Harland Me Allen
Safeguarding Valuable Papers and Small Investments
The article notes the rise of life insurance fire insurance stocks bonds and mortgages and argues for safe storage. It outlines four poor methods hiding entrusting to a broker keeping in a drawer and using a safe deposit box as best. Banks offer care for documents and minor investments at low cost especially for those with small means.
Cotton Consumption Drops in July Reports Census Bureau
Washington August 15 The Census Bureau reports July cotton consumption at 569 250 bales of lint and 69 106 of linters, down from June 662 680 lint and 70 041 inters and from July last year 461 742 lint and 66 782 winters.
MENTIONED IN THIS ARTICLE
Washington
Associated Press
Census Bureau
Wall Street Notes Highlights 1927 Earnings And Deals
New York reports include Sinclair Consolidated Oil profits for H1 1927 at 12,539,050 surplus and 92,188,444 gross earnings. General Motors original stock projections show potential split and 14,538 shares with 72,690 annual cash at 95% return. Woolworth opens first stores in Germany Bremen July 28 with 10,000 visitors. 10 stores more leased. Colombia Syndicate approves option to Gulf Oil for one million acres leases in Colombia effective Aug 20. North American posts 17,502,575 net income for year ended June 30. Standard Oil of New Jersey declares 0.25 dividend and extra 12.5 cents payable Sept 15. Safeway Stores seven-month sales 41,609,046. Rayon and Twist Fiber plant expansion at Hopewell, Virginia. Federal Investment Trust reports 3 1/3 percent net profits since April 21.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Woo
Cable Co
Rizhy
Gennray Motors Nour Oty Sas Indo
The
Sis Roy
Motsi
T P
Abra Amube
Taper Niraus
Seabonr
Seaboad
Seagrave Corp
Giabel Bros Et
Shell Union Oll
Couns Minas
J.eather
Toy Snidor
Imwu
Lee
Son Hartman Corp
Calif
Ole
Houston
Stewart Warn
Ato Howe Hound Co
Studebaker Corp
Aoi Stermat Co
Hudson
Elautograph
Tenn Bay
Inland Steel
Texas
Uae
Lu Thongwon
Sity
EA Pte
Waterworka Agi
Ores Ry
Corp Coal
United
Pest
BNF
Jones
Jones Bros
Wwe
Kelly
Kennecott
Tna
Kral
Steel Corp A Boach
Kresge
Steel
Yaust
Krogem Dept
Poway
Ohio
Myers Tal
Tate
Cneeling Chen
Vaiscail
Myers
Tima
Pont Inc
Walworth
Bethlehea Tool
Ori
Piercey
Ray Whirner
Pau
R Cela
BOD Conia
Yan Mack
Cenex
Mackay Qs
Magma
Westen
Srinion
Gary Asati
Tanit
THO
Westunee
Trunewiek
Niine
Pitts
Manieribe Ui
Pepian
Wilson
Woo Maclin Tockwell
Mat Ali
Sis Gan
Yale
Putruteum
Contmal Atoy Steel Vas
Coutyat Loush
Missouri
Montana
Chesaprake Corp
Hana
Esa
China
Nash Moters
Ut Bel Hess
AIM
Chie Ts Tae
Uc Ripe
Childa Co Ee
Ita
Chrysler Corp Pa
Aks
Nyc
Percy
Norfolk South
Nortole West
P . gaNs
Motora
Scar
Park Tiiford
Deven Tevnelds
Lia
Mariott Matih
Marquette Ade Ag
Marquette
Meleo Thyo
Phila Haye Coal
Ing Aag Pais Mines
Philip Sforria
Dupanes
Hosseig Asty Inia
Kodak Misty
Phornix
Etou Axle
Peres Ar
Korg
Pittsburgh
Pitts West Va
Wea
Vt Miscott-Johnsinrts
Refi Carp
Tyrie Rtean
Pra Othoa
Burekit Yao
Fleischmann Co
AMM Foundation
Giabriel Smubher
Yeo Crean
Nemington Rand
Rand
HM Bet
Rey Tabacco
Tosein Insur
Associated Press
Sinclair Consolidated Ot
Wall Street
General Motors Corporation
Safeway
Tuble Artificial Swk Company
Hopewell
Virginia
General Motors new issue stirs curb trading on Wall Street
New York August 15 The curb market showed strong activity in General Motors common stock on a when issued basis. About 225000 shares traded with over 100000 in GM stock rising to 113 9 4, the highest level yet. Utilities oil stocks led gains while rail and specialty issues attracted pools.
MENTIONED IN THIS ARTICLE
New York
Associated Press
General Motors
G. M
Humblé
Standard of Kentucky
Vacuum
Margay
Empire Gas and Fuel
Midwest Utilities
Penn-Otto Edison
Philadelphia Electric
St. Paw Preferred
New Yor Central
Stroug
Firestone
Selberling
Hellman Preferrent
Goebel
Bunker Hill
American Rolling Mills
Fulton Syfphon
Cuneo Prezs
Royal
Server 63
Electric
Bank and Insurance Stock Averages Report
Bankers Capital furnishes stock quotations showing average figures for bank and insurance stocks. The report lists daily movement, closing averages, and notable shifts in key financial shares.
MENTIONED IN THIS ARTICLE
Bank and Insurance
Shipping Arrived From London and Liverpool Trade Ports
Shipping news lists arrivals and sailings with vessels such as American Merchant American Shipper Leviathan and Belgenland. Ports include New York London Liverpool Queenstown Southampton Glasgow and Quebec with dates August 13 14 and 15. The notices cover arrivals at New York and departures to New York from European ports.
MENTIONED IN THIS ARTICLE
New York
London
Baltic
Liverpool
Drottnnngholm
Gothenburg
Laconia
Queenstown
Southampton
Minnedosa
Glasgow
Montreal
Plymouth
Belgenland
Cedric
Quebec
Foreign exchange rates steady on New York market
Foreign exchanges in New York were steady with cent quotations posted for major currencies. Rates listed include Great Britain at 485 11 16 demand and 494 1 8 cables, France around 3.91 3 4 demand, and Argentina near 42.623 1 2. Other currencies from Belgium to Denmark and Tokyo to Montreal appear with varied bid and cable figures.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Great Britain
France
Italy
Belgium
Germany
Holand
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czecho-Skia
Jugoslavia
Austria
Roumania
Argentina
Brazil
Tokyo
Snangha
Montreal
New York Produce Prices Mixed Across Butter Eggs Potatoes
New York market notes show butter unsettled with various creamery and packing stock prices while eggs stay firm on strong receipts. Potatoes remain dull with Maryland Virginia and Long Island cobbler prices quoted per barrel and per 160 pounds.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Hennery
Pacific Coast
Maryland
Virginia
Long Island
Grain prices ease after early rise in Chicago traders
Wheat opened higher benefited from Liverpool quotes and frost reports in Canada but soon eased back with Winnipeg weakness. September wheat at 142 1 4 cents, December 146 1 8, March 148 3 4. Corn and oats followed, oats up to 1 2, provisions down to 1 1 2. Wheat closed 7 8 to 17 8 cents higher. corn and oats mixed. provisions fell.
MENTIONED IN THIS ARTICLE
Chicago
Associated Press
Liverpool
Winnipeg
Metals News Update from New York Market
Copper steady at 13.37 1 2, electrolytic spot and futures. Tin quiet with spot and near terms around 64.50, October 64.25. Iron steady, lead at 6.75 spot. Zinc firm at East St Louis, spot and futures 6.40. Antimony at 12.00, Quickaliver 120.00.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Bond Prices Rise as Selling Dims in Easy Money Era
New York August 15. Bond market shows reluctance to part with holdings despite high prices. Few offerings sold quickly, with prices advancing modestly. Treasury 83-88 hits new high of 1 5 3 4, rail and utility issues rise, and international paper peaks. Tomorrow's offering Sinclair Consolidated Oil 65 series D at about 63 8 yield. Proceeds fund new issue and reimburse treasury.
MENTIONED IN THIS ARTICLE
New York
iBy Associated Press
Treasury
New Hight
Union Pacific
Amet Chesapeake Corporation
Dodge Brothers @e
Erle “D
International Paper
Brooklyn Union Gas
Hudson Coalse
United Railway of
St. Lante
Bolivia
United Steel Works
Oferings
Sinclair Consolidated Oil Corporation
Cotton Futures Close Steady Amid Higher Prices
Cotton futures closed very steady with gains of 48 to 54 points. Contracts posted October 19.14 to 19.15, December 19.41 to 19.42, January 19.47 to 19.49, March 19.66 to 19.68, May 19.83, and spot middling prices at 9.40.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Money market report from New York in brief
Money New York report shows call money steady at 3 3-4 with closing bid 3 3-4. Time means for collateral 60-90 days range 3 3-4 to 4-4, 3-8 for 3-8, and prime mercantile paper at 3 3-4.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Eas
Prime Mercantile
Treasury daily balance report for August balance
TRY BALANCE WASHINGTON Aug 15 The daily statement of the U S treasury shows Balance general fund today 98 481 6B7 72.
MENTIONED IN THIS ARTICLE
Washington
The
U. S. Treasury
Market debenture quoted to yield about six point three eight percent
Price at the market to yield about 6.38 percent on a participating debenture 7s due 1952. Names Hemphill Noyes Co Mozabere New York Stock Exchange City Savings Bank Bldg Bridgeport Telephone Barnum 7378. Locations include New York Philadelphia Boston Pittsburgh Albany Baltimore Syracuse Scranton.
MENTIONED IN THIS ARTICLE
Hemphill, Noyes
New York
City Savings Bank
Bridgepout Telephone Barnum
Kew Tork
Dalladelphia
Boston
Pittsburgh
Albany
Baltimore
Syracuse
Scrantop
Also Mentioned on This Page
U. S. Steel
Abraham‘and
Straus
Brooklyn
Licht
Aca
Eloans Household Furniture
Noble
New England Equity Corp
State St
Hedson
W. E. Willard & Co., Inc
West
Bridgeport
Fie National Bank
Barnum
Hodson
Wall Street News
HT. Parson
F. W. Woolworth Company
Bremen
Colombia
Syniicate
Gulf Oil Company
Standard Oye Company of
New Jersey
Federal Investment Trust, Inc
W. J. Thoreld
Lenee
Bankers Capital
Bank of
Awnerley
Bank
Lon Pratt
Jake
Nationa
Isa “ Hanver
Kinsti
Ann
Henerny
Phoenix
Associated Prt
Indus
St Tr
Mit Ae
Stoe
Liberty Bonds
Liberties
Liberty
Wee
N. Y
Detroit
Bankers Capital Company
New Haven
Fleet National Bank
Cons
Waterbury
Hoh. Gunner
E J. Sturges
JU. Kirk
RJ. Randace
H A. McKill Or
Daniel Pyle Earle Hepbure
John Keon
A. F. Gonnor
C.F. Siemon
Bridgeport Telephone
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