Stocks Rise and Fall Amid Nervous Market Swing
New York stocks showed extreme nervousness with mixed results led by General Motors and U S Steel edging higher while many issues posted fractional gains. Oil shares advanced and rails attracted buying activity as traders watched output and unfilled orders. subduing factors included oil news and curtailments in European currencies.
MENTIONED IN THIS ARTICLE
New York
Associated Press
General Motors
Steel Trade Reviews
United States Steel Corporation
U. S
Mtario and
Western
New Haven Railroad
Ita
New York Central
A. Lehigh Valley
Rio Grande
Peoria
Wabash
Maryland
Texan and Pacific
New Exchange Offer for Second Liberty Bond Holders
Treasury announces exchange of existing Second Liberty Loan bonds for Ten States Treasury Bonds dated June 15 1927 bearing 3 4 percent interest. Bonds mature in twenty years, callable after sixteen. Exchange price set at par with accrued interest through January 13 1927. Contact your bank trust company or Federal Reserve Bank for details before the June 15 expiry. A W Mellon secretary of the treasury Washington May 31 1927.
MENTIONED IN THIS ARTICLE
Atie
Treasury
Hay
Ing Federal Reserve Bank
A. W. Mellon
Grain prices rise on European crop reports
Chicago June 8 By Associated Press Unfavorable crop news from Italy Poland Jugos Slavia Czecho Slovakia and Hungary sparks sharp wheat gains. Opening prices mixed then wheat up 3 4 cents. Corn weaker with little change then slips. Oats ease. Provisions mostly higher.
MENTIONED IN THIS ARTICLE
Chicago
Associated Press
Italy
Poland
Jugo-Slavia
Czecho-Slovekia
Hungary
May Business Surges Across Nineteen States in 1927
May bank debits to individual accounts rose markedly in nineteen states, signaling the strongest business activity in months. Increases ranged from about 7 to 148 percent over May 1926, with notable gains in California Mississippi and Delaware amid a flood year.
MENTIONED IN THIS ARTICLE
United States
Delaware
California
Oto
South Carolina
Mississippi
New Mexico
Massachusetts
Illinois
Oklahoma
Connecticut
New Jersey
North Carolina
Tennessee
Arizona
Colorado
Texas
Kansas
Maine
Pennsylvania
Peat
Foreign exchange rates in New York quick view
Date June 8 reports easy foreign exchanges with quotations in cents for major currencies and countries. Notable figures include Great Britain 486 1 4 demand and 485 8 cables, Germany 2368 1 2, Switzerland 1923 1 4, Argentina 47 43 4, Tokyo 40 43, Shanghai 63 12 1 2, and Montreal 99 9% a 4.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Great Britain
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czecho-Slovakia
Jugio-Slavia
Austria
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Stock Averages and Bond Averages Reported in Markets
Stock averages show 20 industrials at 145.58, rail averages at 144.45, with week and year figures. Bond market totals include par value sales of 1,879,000 and various yield readings for first, secondary, utilities, and industrial sectors, along with a combined average around 197.10.
MENTIONED IN THIS ARTICLE
Associated Presa
Indus
Oils Strong But Curb Trend Is For Decline
New York January 6. Amid general market strength a curb market decline appeared with losses of 2 to 5 points on many issues. Humble Oil led petroleum gains with a 3 point rise on West Texas field prospects. Prairies and Illinois rose while Bancitaly and several sugar stocks faltered. General unsecured items like Royal Baking Powder and Pillsbury slipped as Deere gained early but slid later. General Laundry Machinery plans to list 25,000 shares at 209 on the curb tomorrow after OTC trading near 21 to 21 1/2.
MENTIONED IN THIS ARTICLE
Brown Shoe
Western Union
Newcomb Carlton
Douglas Pachin
Equitable Office Building
Chrysler
Gabriel Snubber
General American Tank
Inland Steel
National Biscuit
New York Air Brake
Pittsburgh Coal
Snider Packing
Remington Rand
Paramount Famous Players
Foundation Company
New York
Ion Consolidated Cigar Tg
New York Stock Exchange
Central i
USNS
Apitibl Power
Anmi
Amanda
Ajax
Dia Bion Continental Laur
Allis Chalmers Mig
Metal Motora
West BK
Br Ney
Allin
Amerala Corp Arcary
Norfolk Senth
Cuba
Norfolk
Cavarel Finiti
Werner
Detroit
Orpheum
Expres
Sean Dede
Otis Steel i
Toa Thoms
Vna
Ole Steel
Foweng Tafel
Ant
Uatoetin Ld Corp
Astmain Roilak
Tey
Dan Pacile Gas Tee
Boo Katon Axle Spe
Say
Aw Lins
Faige
Pontroleun
Amn Metal Co
BOO Klee
Wester
Atm
Enilicott Johnson
Ann Am &Éfety Tazar
Park Tilford
Toby
Aureka
Rta
Uno
Tinie Cement A & Any
Aw Fairbanks Morke Cody
Nat Storey
Amy
Wooton
Fisk Rabi
Tip Morrie
MO Ain Wook
SKN
Phillipa Petroleum Any Ava
Fielchmann
Therge Arin
Fox ii
Annronda Conner i
Frank Blaon
Vieros
Aringar Co
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Fitta West Va
Lia Dostum
Astm
Ion Flectrle
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Lore
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Inuiaan
Ohio
Punta
Baltingre
Goodrich
BEY Ca
Tns
Wu Tor
Aly
Bethlehem Steel Ny
Tun Fonds
Faye “Eis
Teeal Sik Tins Mills
Beth Kteel
Goth
Remlington
Add
Wumenihal Co Ptit
Tim Peepswick
Haun Corp
Schulte Retail St
Hoy
Jao Tieime
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al Am Shell Tran Tradeh Bey Proviets Co
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Associated Press
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Warner Brothers Pictures
Davega, Inc
Glen Alden and
Ford
Canada
General Laundry Machinery Corporation
Treasury daily statement shows balance in general fund
Washington June 8 The daily statement from the U S Treasury reports the balance in the General Fund at 0126 789 674.72 with various money market figures and loan rates noted for the day.
MENTIONED IN THIS ARTICLE
Washington
The
U. S. Treasury
Balance General Fund
Bond Market Drifts As New Issues Loom In New York
New York June 6 Bond prices softened marginally as traders waited for full absorption of fresh issues still on the shelves. Market activity centered on the new 465 million Canadian National Railway issue likely to be floated in New York. High grade bonds remained dull while recently popular convertibles showed weakness. Industrial bonds and corporate issues traded with limited movement amid cautious activity.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Canadian National Railway
Canada
Delaware
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Noble
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