Interest Rate Drops for Call Loans and Stocks Rally
Stocks rallied as call money rates fell to 4 per cent and investors piled into high grade securities. Buoyant demand lifted many industrials, with Baldwin Locomotive, General Electric, Westinghouse Electric and U S Steel hitting new highs amid heavy buying and calls on funds. Some traders eyed a 1.5 rate next week while time money and commercial paper held steady.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Baldwin Locomotive
Houston Cil
General Electric
Westinghouse Electric
United States Steel Corporation
U. S. Steel
Colorado
Baldwin
Inter
American Can
American Express
Adams Express
American
Manhattan
Sterling Products
Simmons Co
Union Carbide
Mullins
Soo
Chicago
Baltimore
Ohio
New York Central
Lehigh Valley
Wabash
St. Paul
The Present Business Trend Survey Overview
The Present Business Trend reports our monthly survey of business, money, and stock levels, outlining visible influences expected to affect future industrial activity and security prices. A copy of the survey, The Situation, can be obtained on request.
Foreign exchange rates in New York quotes July 6
The New York foreign exchange market shows easy quotations in cents with demand and cable figures for major currencies. Rates listed include Great Britain around 485.38, France near 3.81, Italy at 5.45, Belgium 13.89, Germany 23.66, and Argentina 2.60, among others.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Polanil
Czecho-Slovakia
Jugo-Slavia
Austria
Bomania
Argentina
Brazil
Tokyo
Bhanghal
Montress
Portugal
Wool sales open with keen competition in London
At the wool sales today 11,974 sales were offered, with 20,000 sold. The opening advance was well maintained as a robust market showed good selection and broad bidding from all quarters.
MENTIONED IN THIS ARTICLE
London
Associated Press
Federal Receipts and Expenses Reflect National Prosperity
National finances show receipts around four billion dollars for 1927, up from 1926, with total receipts at 4 095 000 000 and expenses at 4 496 000 000. Despite tax cuts, revenue remains robust while government debt and expenditures shift reflecting strong fiscal conditions.
MENTIONED IN THIS ARTICLE
United States
Treasury Surplus and Debt Retirement in Postwar Finances
The article explains the large surplus reported after World War II and how the Treasury uses the balance to retire the national debt. It notes that present federal expenses consist of ordinary costs plus the surplus, with reduced Treasury balances and modest debt retirement in recent years after wartime balances were drawn down.
MENTIONED IN THIS ARTICLE
Une
Treasury
Oils and Utility Shares Intensify Strength on Curb
Buying of oils and public utility issues gave the curb market a strong undertone. Merger rumors and favorable dividend news pushed leaders higher with Carib Syndicate up 138 points to 23, a new peak, and Electric Investors plus Electric Bond and Share rising over 2 points. Celanese and Dunhill International demanded briskly. Stutz Motor rose to 15. several rail issues gained one to two points while a few soft spots appeared such as Gulf CW of Pennsylvania and Royal Baking Powder.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Carib Syndicate
Oll
Mar- Beyoff
Celanese
Dunhill International
Selberling Rubber
Firestone
Stutz Motor
New New York Central
Alabama Great Southern
Pittsburgh
Kake Erle
Westinghouse
Gulf CW
Pennsylvania
Mavis Corporation
Royal Baking Powder
Mirror Candy Store
Wheat markets wobble as harvest data curb selling pressure
In the Southwest, absence of selling urgency lifts market hesitation as farmers store grains. Reports of smaller winter wheat yields extend across Illinois Missouri Kansas and Oklahoma with Texas buyers slow to market. Bearish weather in the Northwest and rust resistance in spring wheat temper sentiment while corn and oats slide and provisions dip on weak corn.
MENTIONED IN THIS ARTICLE
Chicago
AssociatedPress
Southwest
Kansas City
St. Louis
Illinois
Missouri
Kansas
Oklahoma
Texas
New York
Mercantile
Iowa
Stock Averages and Market Data Summary
The Associated Press reports stock market averages showing 2020 industrials around 160.34 on Wednesday with 143.97, 5 week and year-ago comparisons. It lists total stock sales at 1,721,600 shares, and various index readings for ralls, utilities, and combined averages.
MENTIONED IN THIS ARTICLE
THE
Associated Press
Shipping Arrivals and Sailings Listing
Shipping arrivals include France, New York from Bremen and Berlin with dates July 6 and July é, and American Legion from Buenos Aires on July 6. Minnekahda from London on July 5 reached New York, Veendam sailing from Rotterdam July 5 to New York, President Jefferson from Hong Kong July 4, Bantile Tusconia from New York July 6 to London, and Columbus from Bremen July 6 to New York.
MENTIONED IN THIS ARTICLE
France
New York
Bremen
Berlin
American Legion
Buenos Aires
Minnekahda
London
Veendam
Rotterdam
Jefferson
Hong Kong
Bantile Tusconia
Columbus
Optimistic Tone Noted in Bond Market Amid Gains
Bond market shows firmer prices and rising activity. Easing credit and reinvestment demand lift sentiment with many domestic issues bought near or above yesterday's close. Treasury issues rally with 4 1/4s to 103 8/8. Liberty and First 4s see supply. French bonds attract buyers. Italian issues ease. High grade rail loans steady, utilities quiet. Chicago Railway 58 up 2 points amid heavy trading. Public offering of 49 million Chicago American Sinking Fund debentures slated tomorrow.
MENTIONED IN THIS ARTICLE
Liberty
St. Paul
Chesapeake Corporation
Southern Pacific
Oregon King
New York
Associated
Delaware and Hudson
Goodyear
Hudson Coal Sa
Shell Union
U. S. Rubber
Chicago Railway
Chicago American Sinking Fund
Amoskeag resumes operations after four day shutdown
Manchester, New Hampshire. The Amoskeag Manufacturing Company resumed operations today after a four day shutdown. The same schedule in effect before the recess began was followed by the various departments.
MENTIONED IN THIS ARTICLE
Manchester
N. H
Associated Press
Amoskeag Manufacturing Company
Copper and metal markets report steady prices
METAL NEW YORK July 6 Copper steady electrolytic spot and futures. Tin steady spot and nearby 64.08 1 2 September 63.37 1 2. Iron steady and unchanged. Lead quiet spot 6.30. Zinc steady East St. Louis spot and futures 6.18 6.17 1 2. Antimony spot 12.00.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Lee
East St. Louis
Rubber Prices and Treasury Balance Reported
Rubber futures eased with July at 34.70, September 34.60, and December 84.80. The Treasury balance in the general fund stood at 288,192.94 dollars as of today.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Washington
U. S. Treasury Ebowst
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Hemphill, Noyes
New York Stock Exchange
City Savings Bank
Bridgeport Telephone Barnum
Ehlindeynnia Bestett
Albany Anithuere
Scracnee
Anton
Plang
Crewer
Edwin Wolff & CO
Broad St
Hanover
Joney
Con
Phas Law
Fidelity Loan Corporation
Middle St. Cor
John Bet
Jobn & Wall Sus
Barnum
Miami Mortgage & Securities Corporation
Noble
New England Equity Corp
State St
York
Avdner ‘Aloe St
Marytta
Coyne
Aghide
Witte
En Motors
Willys
Tullway
Taol Woolworth Fay
Tim Conrich
Bosch
Harti Corp
Joe Yi
Ab Uxdeon Manhat
Tudson Manhat
Ain Radittort
Indiana
Tagercoll Rand Hots
Am Shipbuilding
Way
Inland Steel
Milan
Island Creek Land
Attison
San Fe
Isis
Jordan Motor Corce
Austin Nichols
Kelly
Sun Foraedall Corp
Linn Ami
Myers
Elma
Tenohiye Ligniy
Munh
Frans
Louse Wiley Tis
Bkl
Union Gas
Ey Et Mack
ES Burns Bro
Morland OU
Maytag Corhewbrey
Mintle
Miller Teubher Lea
Callahan
Canadiain
Aluy Steel
Buty
Mailins
Enon
Ow Corp
If Chesapeake Ohi
Murray Aalt Motors Ie A Mae Uh Upelle
Denis Hesp
Inity
Civett
Ian
Seoul
P. Tal
Seit Paard Motor
Continental Motors
Panhard
Aly
Raynolds
Dodge Tiros
Pittebeh
Peng
Rane
Yu An Son
Tarlo
Ian Path
Gants
Son x
Guy Stein
Ube Stewart
Warner
Jon Wit
Walworth
Bank and Insurance
Bankers Capital
Bankof Americn Bank of Americ “A
Nya Banke
Bank of United States Ath Bank of Vr
I Biykers ‘Crist Co
Ittver
Wik
Hs Bts
Com Exchange
Banke Att Empire Trus Co
Hanitanle
First National
Ian Gaara
Vlatiman
Sntt
Bank
We Kings
Ust Co
Banie
Burk Hitt National Atk Bank
New ‘Ork
Ealente
Trust Co
Morte Amd Tr
Actoe Firsé Ny
Ian Tews
Martfurdt
Stuyvesant
Sile Tank Co
SATIN
St Bank Stoel
Amoskleag Jill Keslmes
Andee
the Mutual System
Bank Street
Bankers Capital Company
First National Bank
Bridgeport, Conn
New Haven
Vetervary
H OH. Gunver
E. J. Sturge JU
Kine RO
Randall H.A McKill
Daniel Pyle
Esace Hepaur
John Keogh
A. F. Connor
C. F. Siemon
Eastern Bankers Corporation Units Corporation
Bridgeport
Telephone
Hoble
the Commercial Bank and Trust Company
American Bank and Trust Company
East Side Bank
East Main St
Barnum Ave
Newstar
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