Stocks Rise as Earnings Reports Fuel Market Momentum
Prices moved higher on favorable half yearly earnings and easy money rates. GM advanced after car sales surged in June. Woolworth and Gabriel Sundber reached new highs amid broad gains in industrials. Foreign trade showed a June surplus, cotton demand bullish, and call money steady at 4 percent with stable rates overall.
MENTIONED IN THIS ARTICLE
Federal Reserve
General Motors
Studebaker
Chandler-Cleveland
Macks
Peerless
Steel Miu Rat
New York
U. S. Steel
Inland Steel
Woolworth
Gabriel Snnbber
Air Reduction
Bayak Cigars
Case Threshing Machine
Continental Insurance
Fidelity Phoenix Insurance
Jimbel Bros. Preferred
Household Products
Qutlet Company
Sears Roebuck
Sterling Products
Union Carbide
American Telephone Company
American International Corporation
United States
Chesapeake and Ohio
Ontario
Western
Maryland
Cation
Clearing House Report From New York
Clearing house statement shows exchanges totaling 949,006,000 with balances of 108,000,000 and the Federal Reserve Bank's credit balance at 100,000,000. The data reflect liquidity movements and reserve allocations across the system.
MENTIONED IN THIS ARTICLE
New York
Clearing House
Federal Reserve Bank
Stock Averages and Bond Market Totals Summary
Treasury daily balance shows general fund at 9189.50 with 204 20 in new figures. Bond averages list rails utilities and industrials with weekly and yearly changes, while stock averages show Industrials and Rails totals and ex-dividend details. The report cites par value bond sales at 9,130 and stock sales at 1,637,800 shares on Thursday.
MENTIONED IN THIS ARTICLE
Associated Press
Indus
Washington
The
U. S. Treasury
Balance General Fund
New High Prices Attained on Curb in General Rise
New York July 4. A dozen or more new highs set as curb market stocks advanced. Latin American oil shares led with Creole Syndicate and Carib changing hands in heavy volume. Some domestic oils reflected flood production and waning curtailment in Seminole field. Ford Motor of Canada Gobel and St. Regis Paper among others reaching new peaks. Servel faced heavy offerings lowering price to 1 and bonds to 20.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Poole
Creole Syndicate
Carib
Eastern Steamship
Ford Motor of Canada
Gobel, Inc
Hellman Preferred
New York Central New Stock
St. Regis Paper
Savannah Sugar
Deere and Company
Johns Manville
Copeland
A.” McCall Corporation
American Road Machine
Servel Corporation
Servel
Metals Roundup New York Copper Holds Steady
Metals report from New York notes copper steady in electrolytic, spot and futures around 12.62 1 2. Tink firm at 64.00 spot and 63.37 1 2 for September. Iron steady, lead quiet at 6.20, zinc at 6.15 to 6.20. antimony 11.87 1 2.
MENTIONED IN THIS ARTICLE
New York
Associated Press
East St. Louis
Bond Prices Firm Despite Small Trading Volume
New York July 14 Bond prices remained firm in a day of light activity. Easy credit and abundant reinvestment money failed to lift overall interest as new issues stayed oversupplied. In the over the counter market steady gains appeared in high grade issues like Chesapeake corporation and Union Pacific while some bonds fluctuated. Foreign bonds were dull though French issues showed solid activity briefly. US government issues were firmer but quiet and the Second Liberty bond dipped to 100 1 4, the lowest since retirement.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Chesapeake Corporation
Rock Island
Bria
Seaboard Adjustment
Union Pacific
Erie “D
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Aske
Harris, Forbes & Co
Pine St
Col
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N Clearing House
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Aay
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Roy Tring
Enn
Chen Boy
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Ptt
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Texas Poe
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Minerarin Bat
Hanon Co
Harti Ye Corp
Idewate
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Houston
Howe
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xilAtn Homie Proil
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Ann Leo
la France
Notal
Yaounde
Tndh Amerie
Ship Commerce
Lotasta
Intertype Corp
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Jordan Motor Car
Bares
Keystone Tire
Walworth
Tim
Krows Co
Warter Quinlan
Suo Warner Virus P A & B
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Pern Klee & i i
Wwe Art Co
Lab
Arnolt Constable Corp
Sip ‘Tobay
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Arid
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Louis & Ag
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Mrck
Wilkow - AL Iw
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Akio Teyan
Mack Trick
Wowlworth Co
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Vamberser Co
Ranger
Macy
Islty
Wrisht Aeronautical
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Baty
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al BT
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Ulat
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Hry Corp
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de Aan
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al Reading
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Kelly
Riouthery
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Balancce
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Broad St
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Fairfield Ave
Cor
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Iabien
Hodson
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First Nat. Bank
Telephone Barnum
R. Hutchesen
Bankers Capital Company
New Haven
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Bridgeport,Conn
H H, GuNbEr EJ Sruncee J.A. Kink R J, RanDate
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Eastern Bankers Corporation
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Clarence J. Blaker
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Broadway
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Connecticut
W. R. Bull & CO