Bulls Retain Control after Bitter Struggle with Bears
New York stock market traded in a volatile session with late selling met by fresh buying, total volume about 2.7 million shares. Major names moved, New York Central fell on unification plan rejection while General Motors hit a new high before trimming gains. Commodities showed higher wheat, steady coffee and sugar, with slight gains in several industrials.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Ciref
Mariand
Lorillard
Inter-State Commerce Commission
Zaminer
New York Central
Big Four
New York Federal Reserve Bank
Chicago Great Western Preferred
Missouri Pacific
Rock Tmway
Chicago
Northwestern
Erie Common
Colorado and Southern
Chicago Great Western
Delaware and Hudson
Norfolk and Southern
Reading
General Motor
Baldwin
U. S. Steel
America Smelting
American Water Works
Arnold Constable
Commercial Solvents B
Detroit Edison
Gabriel Snoubber
Inland Steel
Intertype Corporation
National Lead
National Tea
Park and Tilford
Standard Milling
Stock Averages and Public Utilities on Thursday
Stock averages reported by the Associated Press show a mixed session with industrials at 159.60, utilities at 96.21, and the combined average around 97.43. Bond sales totaled par value 395,600 with overall market activity noted in the week’s data.
MENTIONED IN THIS ARTICLE
Indus
Metal Market Report Sees Mixed Copper Tin Zinc Moves
Copper steady in spot and futures at 275, tin steady at 68 00 and 64 87 for August, iron unchanged, lead steady at 64 0, zinc firm at 6.17 1 266.26, antimony at 12 75. Rubber section truncated.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Shipping arrivals and treasury balance report
Shipping arrivals list multiple vessels docking in various ports including Franconia New York June 2 from Buenos Aires and Athenia Glasgow June 3, with several other ships traveling between Montreal Southampton Kobe and New York. Washington reports the daily statement of the U S treasury showing a balance of 126,255,987.26 dollars in the general fund.
MENTIONED IN THIS ARTICLE
Franconia
New York
Buenos Aires
Polk
Marseilles
Jackson
Kobe
San Francisco
Sallea Marburn
Southampton
Montreal
Athenia
Glasgow
Calgario
Liverpool
Veedara
Hamburg
Washington
Speculators Lead in Trading on the Curb Board
Wide fluctuations marked curb trading as speculators pushed entries higher while bear raids caused brief dips. Johns Manville hit a new high on leadership changes, Deere & Company surged, Celanese fell then recovered, and public utilities posted gains with American Light and Traction reaching a record, despite mixed moves across mining and other stocks.
MENTIONED IN THIS ARTICLE
New York
Associationt
Johns Manville
J. F. Morgan
Deere, and Company
Celanese Company of America
Stotia
Alabama and Great Southern Railway
Borg and Beck
Davega, Inc
Firestone Tire
Gobel
Alpert Pick Barth
Piedmont and Northern Railway
A. G. Spaulding
Land Company of Florida
Mier Rubber
American Light and Traction
Electric Bond and Share
International Utiilties A
Puget Sound Power and Light
Chesebrough
Prairie Pipe Lins
Bunker Hill
Foreign exchange rates and New York clearing totals
Foreign exchange firm quotations across nations list demand and cable rates for Great Britain France Italy Belgium Germany and others with varied figures. A New York June 1 clearing house report records Exchanges totaling 1.017 billion balances of 121 million and a Federal Reserve credit balance of 100 million.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Federal Reserve Bank
Treasury Oversubscribes Yet Bond Market Sags
New York June 2 Uprush of U S high grade issues did not lift the market with oversubscription of the Treasury 3 3/8s having little effect. Erie 45 rose three points trading around 113 1 2 for a new high while Delaware and Hudson bs and International Telephone 6 1 2s plus White Sewing Machine 6s led gains. Rail andpeake issues weakened as public utility liens stayed steady amid varied company reports.
MENTIONED IN THIS ARTICLE
New York
Associated Press
U. S. Treasury
Erie
Delaware and
Hudson Bs
Ternational
St. Paul
Peake
United States
Liberty
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