Irregular stock closings dampen market activity
Declines predominate as irregular closings prevail in the stock market. Bonds gain slightly while many issues weaken under heavy selling. Leaders include Baldwin, General Electric and American Car and Foundry with some issues reaching new extremes amid cautious trading.
Metal prices steady as copper and zinc hold gains
Copper easy electrolytic at 12.50 for spot and futures. Tin soft at 65.87 1 2, nearby 65.87 1 2, August 64 37 1 2. Lead steady at 6.40 spot. Zinc steady in East St Louis at 6.20 to 6.22 1 2. Antimony spot 12.06 to 12.12 1 2. Tron unchanged.
MENTIONED IN THIS ARTICLE
New York
Associated Press
East St. Louis
York
Hudson Ali
West
Rome
Lee
Ats
Airy
Cet Motor
Dean Sen
Paltman
Amoonda
Yohn Archer
Mchison
Sun Austin Nichols
Hindwin Tawaination
Ohlo
Bulthnor
Phil
Dali Corp
Cron Sinclair
Stes
Houeclott
Seth
Roy Tr Bilton
Houston
Indepeniton
Alex
Fm Sturiohn
Chandler Uleyr
Sunerinr
Chesapeake
Chicago
Texas
Sun
Bay Tay
Chile
Keystone
Kress
Soo Collins
Latobert
Tvgo Lai Bes
Lehigh
Wiles
Carsot Ag
Louis Xushi
du Vonsol
Cuba
Lani G Bloc
Coren Textile
Mack Tricks
Tsung Haine
Mure Cruel
Continental
Mtallineen
Continentay Insur
Continental Motors
Vandi Corp Ua
Martin
Ardan
Wey Co
Ainung
Alba
Ian Man Bay
Alon van
Walleg
Nat Hess
Yemen
Uae
Ib Ny
Tun Nowy
Norwath View
Sta Ze i Il
Minnis Corp
Oppenheim
Bree
Drastic Petroleum Price Cuts Fail to Curb Enormous Output
A historical report notes that drastic price cuts did not curb rising crude oil output. Daily production has surged since January 1926 with little seasonal decline. No new oil fields were found and contraction by producers failed to restrain supply amid strong buyer demand, signaling large capacity.
Petroleum Market Woes Persist Amid Demand Surge
The oil industry faces a weak price environment despite record domestic consumption. Leaders push for production controls to stabilize future output, but immediate gains are unlikely. Washington reports show loans to banks totaling 94.117 billion with substantial federal reserve activity impacting the market.
MENTIONED IN THIS ARTICLE
Washington
Phrale
New York
Prices Mixed As Trading On Curb Turns Irregular
New York June 60 Prices on the curb lacked uniformity with some stocks making new highs and lows in scattered groups. Consolidated Laundries hit a new low at 16 while Best and Company Brill Corporation A and Divega rose to fresh yearly peaks. General Baking stocks drew fresh buying lifting General B to a new high, and Curtis Aero-Plane briefly peaked at 127 before easing. Oil shares were sluggish though Northeastern Power advanced fractionally. Bonds showed heavy activity with Brunner-Turdine and Adriatic Electric among notable declines.
MENTIONED IN THIS ARTICLE
New York
Movemrcy
Best and Company
Brill Corporation A
Divega
Indus
Curtis Aero- Plane
Wallstreet
S Point
Henrinees
Borden
Storzs
Richmond
Brunner Turdine Ts
Adriatic Electric
Antonia
Coste Rica
East Prussia Bank
Mendova
Meridinae
New South Wa
Ute Fe
Martange
Afl
Your Money Problem by Harland Tr. Allen
Common-sense advice from an investment expert urges careful, planned investing. The article contrasts speculative risk with secure investing through bonds and notes, stressing prudent budgeting and consulting experienced, unbiased advisers. Washington, June 30, the U S Treasury balance general fund to pay 6200,019,60567.
MENTIONED IN THIS ARTICLE
Harland Tr. Allen
Teader
Unis
Love
Hateey and Co
Snd
Washington
U. S. Trawaiy
High Grade Bonds Edge Up Amid Dull General Trading
New York June 30. Bond market shows slight high grade gains while overall activity remains slow. Sharp contraction in new offerings in late June signals healthful tone, with renewed buying in French and Latin American issues. Government bonds ease slightly as corporate and railroad issues blend cautious optimism with subdued turnover nationwide.
MENTIONED IN THIS ARTICLE
New York
Apsaociatec
Bel- 1
Southern Pacific
Goodge
Shell Gul
Internatianl
United States
Hugh
Also Mentioned on This Page
Carh
Bowe Non Pacific
American Car and Foundry Company
Baldwin
Ted
Shires
Hudson
Dodge Brothers
Jordan
Willys Overland
New York Federa Reserve Bank
Collins and Aikman
General Electric
American Chicle
Multins
New York Dock
Russia Insurance
Bette
Austin Nichols
Gauls States Steel
Ingersoll Rand
Mexican Seaboard Oil
Philadelphia
Reanie Cowl
Pluip Morris
Real 3
Royal Dutch
Sava: Arms
Seagrave
Sinclair
Stancharel Ol
Nuk
Edwin Wolff & CO
Broad St
Hanover
Harris, Forbes & Co
Pine $T
Cor
William
Fact Willard & Company
Bridgeport
First
Barnum
W. BR. Hutcheson
Syme
Hodson Hes
VSPA
Bank and Insurance
Askay
SY Pal Trust
Caltet
Ates
Kreuk
Bani Bay
Bane
MD Kattaide
Caen Tran
United States Morte
Payis
Efsn
Tiss Co
North Am
Peraoneum
Petroceurs
Tolert
Brok IS
CHASE
Canarices Associates
Bosras
Treasery Balasnus
Goodyear
Ings
U. S
Erty
Bate
Connecticut
United Loan Corp
Fairfield Ave
Bankers Capital Company of Connesticut
New Haven
First National Bank
Bridgeport, Conn
How, Gunner
JU. Kim Ro Ranpate HA McKiLtop
Daniel Pyle Bante Herourn
Jon Keech AF Connor
F Siemen
Eastern Bankers Corporation
Bridgeport Telephone
Noble
International Securities Corporation of America
Estes of Indusirith Amd
Egerin Yeawer
W. R. Bull & CO
North As Bank & Trust Co
Conn
Stone Street
Danbury
Andrew J. Thomas
North Shore Properties, Inc
Pershing