Financial News of Day Tersely Noted
New York July 2 Most of a heavy selling at the close centered around States Steel common. The decline stemmed from one house's labor worry and spread among firms known as vermore representatives. The market showed oversold tendencies with limited Hautd sting pressure. Copper terms tied to expectations of a tight metal supply. A rumored Ethichem Steel financing, possibly 50,000,000 notes, influenced close. Railroad May stats show a $29,000,000 rise in gross and 3% net drop amid higher costs and rate increases. China loan prospects imply high interest bonds. Chinese 6s and 5s are traded cautiously. Hukuang 5s maturing 1951 around 85-98. Island Creek Coal failed to hold gains.
MENTIONED IN THIS ARTICLE
New York
Vermore
New ‘Ethichem Steel
Wan
China
Hiness
Amerian Corporation
Hukuang Railway
Mi1
Island Creek Coal
Market outlook and dividend notes for wartime stocks
Reports discuss the nominal par value and liberal dividend policy for key stocks including American Telephone and Western Union. Analysis notes earnings, excess profits formulas, and potential government control shaping future returns. United States Rubber growth prospects and General Motors premia are touched on amid war news and investor opportunities. Hayden, Stone & Co caution on near term stock market direction, urging careful consideration of war impact and potential for selective gains.
MENTIONED IN THIS ARTICLE
Nseal
Washington
Premoum
General Motors
Hayden
Stone & Co
Stock Exchange
Corn for Canada To Allow Further Saving of Wheat
New York July 2 The corn market showed resistance to flourished influences today with prices rallying then easing about two cents Weak weather in the northern belt favored the new crop while government preference for the new wheat and oats crops over old corn was noted A stronger near term movement was anticipated Canada may curb wheat consumption by July orders boosting corn use Oats rose slightly Provisions varied with a net increase in pork and lard while hog prices softened Large export oats sales and high corn flour stocks in Canada supported the market Live Stock Prices Chicago July 2 Horse trade continued before noon
MENTIONED IN THIS ARTICLE
New York
Canada
Canale
Chicago
Hors
Tre
Cotton Forecast Revisions Put 1918-Style Acres at Peak
A July 2 crop report from the department of Agriculture projects 15,325,000 bales of cotton this year, near a record. The June 26 condition stands at 70.3 percent of normal, with 37,073,000 acres in cultivation, approaching the 1918 peak. Last year’s production reached 1,180,254 bales, and area harvested nears the all-time high, while prices and market activity show declines across cattle and sheep futures alongside the cotton outlook.
MENTIONED IN THIS ARTICLE
Department of Agrigulture
Lols
Lyla
Also Mentioned on This Page
Anas
American Telephone
Western Union
Telephonee
Telephone
United States
Ths
Ee Sales
Dugh
Wow
Taso Actiiw
TR &T
Anearson Phon
Crow Asphalt
Gillett & Razer
Tureka-Cro
Heela
Hynoth M & M
Jim Butler
Inter Mining
Nixon-Nevada
Prime
Media and Good
Culls
AY. L. Wilson & Co
Hayes Fish Co
Yankee
Fairfield Ave
Bridgeport
Conn
Lia
Mandell
Raiston
Raiston Wade
Ridston
A Fm. Oe
Davie
Ralston
Belfie
Hs Tu GA
Ates
Ro Dau
Sbwadues
Panan
S Tech
Oxfords
Ini
Dak Tau
Enus
Wales
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