Stock Market Steady Amid Irregular Price Movements
New York December 30. Irregular price movements characterized the stock market with a steady undertone. Volume fell though daily sales exceeded 2 million shares as brokers loans rose to about 75.6 million dollars and call money remained plentiful at 6.25 percent. Several issues reached new highs led by industrial and railroad stocks, with Mourning and other large components notably active. Industry groups and commodities showed narrow moves. foreign exchange firmed slightly with sterling near 4.883 and French francs at 9.925.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Dey
South America
Canaan
Treasury Balance Report From Warrington Dec 80
Daily statement of the United States Treasury shows Balance general fund today as 9280, 624,992.27. The report lists current funds and overall balance reflecting government cash position for the period.
MENTIONED IN THIS ARTICLE
Warrington
The
United States Treasury
Bank and Insurance Stock Quotations
Bank and Insurance Stock Quotations furnished by Bankers Capital list current prices for listed banks and insurance companies. Includes opening bid, latest sale, high and low for the day, and brief market notes on notable movements.
MENTIONED IN THIS ARTICLE
Bank and Insurance
Bankers Capital
Stock Averages And Bond Averages Reported Friday
Stock market averages and bond market figures are listed with industrials rails and utilities. The AP roundup shows Friday readings, ex-dividend notes, and total sales, including 2,206,100 shares traded and bond sales value around 11.98 million.
Holders urged to convert gas and electric debentures
To the Holders of Associated Gas and Electric Company 54 percent Convertible Gold Debentures due February 1 1977 your debentures are convertible in accordance with their terms for a limited period into Class A Stock and Common Stock of Associated Gas and Electric Company. The first 10 000 000 of a total issue of 40 000 000 surrendered for conversion will be converted on a unit basis of two shares of Class A Stock and one share of Common Stock per 110 principal amount. The conversion price increases thereafter five dollars per unit for each additional five million dollars.
MENTIONED IN THIS ARTICLE
Associated Gas and Electric Company
Industrials Rise On Curb In Spite Of Heavy Selling
New York December 30. The curb market shows profit taking but many industrial and specialty favorites retain support amid a firm undertone. Canadian Marconi again led volume with small price change. American Rolling Mills rose about 8 points to 111 7 8, closing near 110. Midland Steel fell 8 points. Federated Metals International Cigar Machinery Anglo Chilean Nitrate Pennsylvania Salt Campbell Wyatt posted gains. Petroleum stocks showed strength with Vacuum British American and Penn-Mex Fuel leading. Utilities quiet though Electric Bond and Share performed solidly. New issue St. Pauls demonstrated near-term reorganization prospects before the Interstate Commerce Commission. Farley? notes and bond markets hit new highs. Frachmen Radio and Welch Grape Juice sank to year lows. Banditary Bunker Hill and Sullivan Shattuck Den Mining Fansteel Products bore substantial losses. David A. Page predicted a strong 1928 curb market year citing solid fundamentals and reduced election anxiety.
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New York
Associated Press
Marconi
Midland Steel Common
Federated Metals
International Cigar Machinery
Pennsylvania Salt
Campbell Wyatt
Petroleum Festies
Paul Iasues
New
Gave & Road
Interstate Commerce Commission
Freachmen Radio
Welch
Bunker Hill and Sullivan
Shattuck den
David A. Page
Local Connecticut Produce Prices Report
Furnished by the Commissioner of Agriculture of Connecticut. Prices for fruits, vegetables, poultry and dairy, livestock and meats, hay and grain are listed with various per unit amounts and ranges. Notable items include apples, oranges from Florida and California, cranberries, potatoes, tomatoes, beans, cabbage, beef and veal, pork, butter, hay, wheat, corn, and flour with regionally varying price ranges.
MENTIONED IN THIS ARTICLE
Kennery
Deor Po
Foreign exchange rates in New York on Dec. 30
The Associated Press reports easy foreign exchange with quotes for Great Britain and other nations. Cables and bank bills show varied figures including France at 3.93 1 2 and Japan at 46.69 with several European and South American currencies listed.
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New York
Associated Press
Eenta
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Portugal
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
DP AZ
Cotton futures close steady amid mixed gains
Cotton futures closed steady with slight gains on some months. January to March 1970 1972, May 1985 to 1986, July 176 to 1077, October 1018. Spot middling prices quiet at 2010.
MENTIONED IN THIS ARTICLE
New York
Money news round up from New York market close
Call money firm at 5 1 2 percent with closing bids at 5 1 2 percent. Time loans steady with mixed collateral. Short to 60 90 days at 4 1 2 percent. 4 6 months at 4 1 4 percent. Pipeline mercantile paper quoted at 3 3 4 percent.
MENTIONED IN THIS ARTICLE
New York
Associates Press
Peline Mercantile
Bonds Head Upward Amid Easy Money Riding Rise
The bond market advanced again as easy money conditions and anticipated year end distributions boosted demand. St Paul Railway and other rails led gains after H A Scandyett was named president of the reorganized company. Interchange commission expectations contributed to the upswing, with Northern Pacific 4s and New Haven 4s reaching new peaks. Copper issues led, Andes 73 rising about 5 points and Anaconda Ts up over a point, while Gale Consolidated Gas eased and Interborough faced minor drops. Foreign issues saw Latin American separations firm, Third Liberty 41 28 and Federal government bonds remained active amid a broad, orderly session.
MENTIONED IN THIS ARTICLE
New York
Associated Press
St. Paul Railway Lessies
H. A. Scandyett
Interstate ‘Commerce Commission
Interstate Commerce Commission
Anaconda
Broodgir
Union Gas
Interborough Ga
Empress of Asia Arrives Through Hong Kong Route
Shipping news notes the vessel Empress of Asia arriving from Vancouver via Hong Kong on December 28. The ship is listed with connections to New York Colombo Genoa and Cherbourg with December 30 timetables and a failed voyage of the Republic.
MENTIONED IN THIS ARTICLE
Empress of Asia
Hong Kong
Vancouver
Republic
Cherbourg
New York
Colombo
Genoa
Beth
York
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