Speculative Advance Halted As Market Break Ends Bull Run
New York stock trading halted a brisk advance as the day’s session saw a sharp midday break. Total volume reached 4,007,900 shares with notable declines for Radio and General Electric while General Motors touched new highs before retreating. Belief that speculative excess and higher Federal Reserve pressures spurred liquidation accompanied by Treasury estimate concerns.
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New York
Associated Press
General Motors
General Electric
Permdic Rallica
Federal Reserve Rovers
Onny
Melon Vist le Eapidea
Treasury
Gener Motors
Bond Market Sees Active Session as Prices Firm
New York March 2 bond market posts its most active session this month with prices holding firm overall. Many issues gained to new highs or near highs though some intraday advances faded. Wabash 4 12s sold quickly while public utilities and rail bonds showed strength. a wide list of issues moved, with North American Edison and Hell Telephone of Pennsylvania among notable gainers.
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New York
Associated Press
Philadelphia Company
Isues
Hell Telephone
Pennsylvania
Columbia Jan
California Gas and Electricia
Edison $A
New York Bond Market Report Shows Mixed Gains
St Paul bonds touched best prices and closed fractionally under prior day. Big four and regional rail issues, including Minneapolis and St Louis and Northern Pacific, traded high but varied. Andes Copper rose briefly before fading, Colombiana softened on new issue expectations. foreign bonds broadly lackluster amid varied trading. US government issues remained steady and quiet.
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St. Paul
Big Four
Minneapolis
St. Louis
Northern Pacific
Texas and Pacific
Chesapeake Corporation
Bethlehem Stevel
Andes Copper
United States
Money Market News From New York Bankers
Call money firmer with bids at 4 1 2 percent. Time loans steady with mixed collateral for 60 to 90 days at 4 1 2 percent. 4 to 8 months higher at 4 1 2 percent. Prime mercantile paper quoted at 4 percent.
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New York
Assocated Press
Prime Mercantile
Stock Averages Reported With Rails Utilities and Bonds
The provided data lists stock averages across rails utilities and industrial groups. It includes combined averages for the day and for the month and year ages, along with total bond sales in par value totaling 14,364,000. The figures show minor variations between values such as 98.13 98.18 for ten fast grade rails and 100.36 100.48 for ten secondary rails.
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Auurs
Wed
Foreign exchange rates listed in cents and pounds
The report shows steady foreign exchange quotations with figures for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Roumanisa Argentina Brazil Tokyo Shanghai and Montreal. Rates are given as demand and cable or 60 day bill equivalents across multiple currencies and locations.
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Associated Press
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Germany
Holland
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Denmark
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Portugal
Greece
Poland
Czyhho
Slovakia
Jugoslavia
Austria
Roumanisa
Argentina
Brazil
Tokyo
Shanghai
Montreal
Metals market quotes show mixed steady to soft pricing
Copper, tin, lead, zinc and antimony prices drift with uneven changes across markets. Spot copper around 16 to 14, tin easing to 63.50 spot and 53.25 futures, lead steady near 6.00 in New York and 5.80 in East St. Louis, zinc flat at 5.70, quickaliver at 120.00.
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Letien
Tanisae
USA
Ampinie
Burns Bros
Suy
Hin
Uae
Chrysler Corp
Taki Pew Fan
Collins Aikman
Collins
Aw Mall
Colorado Fuel
Krett P
Hanveat ‘Trust
Born
Ava
Conkin
Ann Anromia
Armon
IMA Arnold Const Corp Uy
Ariicom. Corp
Cuba
Atchinon Atchion TB
Poita
VaTy
Curtis Aern Codahy Tack Atlantle Refining
Mas Ag Curtins Avro
Cusiman
Atlas Rach
Daria Chen
Austin Nichola
Deleers Cong
Autosalen
Ney Nb Deere Co
Autosales Pf
del Lach West H & Ra Rhea Baldwin Joco
Obio
RS i
Downe Ray Pt
Famberger
Bangor Arco
Zan
Bang Aroos
Bank of Amelia
Te Ae
Bank of Heahat
Drag Inc
Bern Leath
Taluth & F Barna
Dunohil Inter Ame Mayuk Cizar
RHA
Beth Sireay
Aem Tow
Moon Bros Ngi
Ren Am
Wat
Jen Borden
Flenchmann
New York
Associated Preas
East St. Louis
Future
Clearing House Statement From New York March 22
Clearing house report shows exchanges at 613 000 000 with balances around 154 800 000 and Federal Reserve Bank credit balances at 99 000 000 as of March 22 in New York. The data outlines interbank activity and reserve positions for the day.
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New York
Federal Reserve Bank
New York Produce Prices and Receipts Report
New York March 23 Butter firm receipts 10 412. Creamery prices higher than last week with scores 92 and 68. Receipts 42 008. Potatoes wicker 61 Maine. Green mountain bulk 180 5.000 6.38. Long Island sugar 5.40 2 6. Cuba bushel 300 3.28.
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New York
Treceipt
Maine
Green Mountain
Long Island
Cuba
Shipping Arrivals Include Varied Vessels From Europe
A list of ships and routes appears with cargo and port calls. Vessels named include American Bunker from London to New York and Rochambeau bound for Havre via March 21. Other entries mention Hellig Olv from Copenhagen to New York and Transylvania to Cherbourg with March dates.
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London
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Havre
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Vigo
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Fork
Asia
Emyrna
New New York
Burg
Aquitenia
Southampton
Rubber New York Prices March 23 Report
Rubber futures showed modest gains as market quotes edged higher with minor advances recorded. The Treasury noted activity dates and figures from March 20 and March 22, detailing trade volumes and price references amid market uncertainty.
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New York
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