Steel Market Slump Triggers Auto Price Cuts and Stocks Slide
In New York May 101 AP report, steel market weakness spurred auto price cuts and broad stock selling in today's curb market. Glason led declines, Gulf Vacuum and Humbie shed value, Glen Alien coal sunk then rallied, and Ford Motor of Canada fell before a partial recovery. Public utilities underperformed with Electric Investors and other major industrials down.
MENTIONED IN THIS ARTICLE
New York
Skelly Company
Glason
Gulf, Vacuum and Humbie
Glen Alien
Lehigh Valley
Motorg
Ford Motor of Canada
Stutz
Hicketbacker
Receiver's Hampden railroad up for bid in Springfield
William Gritvert receiver of the Hampden railroad advertising sale of its real and personal property to the highest bidder. The line ran about 14 miles from Springfield to Palmer, never operated, with bids due by noon June 6. The project aimed to connect with Boston and Maine at Bondsville but the plan fell through.
MENTIONED IN THIS ARTICLE
Springfield
Mass
Wiliam
Gritvert
Hampden Railroad
Palmer
Supertorco
Massachusetts
Boston and
Maine
Bondsville
New York New Haven and
Hartford
New Haven
Hampden
Boston
Bond Prices Drift Lower as British Strike Is Continued
Bond prices settled lower in dull New York trading as hesitancy persisted amid an unchanged British strike and stable domestic credit outlook. Institutional buying absorbed offerings with limited moves across issues. several industrials and railroad bonds fluctuated fractionally while notes from New England Telephone and Telegraph and other issuers buzzed with potential new offerings.
MENTIONED IN THIS ARTICLE
New York
Liberty Bonds and Market Report May 10 1929
Liberty bond figures led with 2 3 4s at 400.87 and 4s around 143.07, while United States Steel faced a large order drop and motor stocks fell. The market slid in morning trading on anticipated auto price cuts and large unfilled orders, then steadied with mixed commodity moves and a modest dollar rally.
MENTIONED IN THIS ARTICLE
New York
L. Ss. Bonds
Liberty
Sae Loodh
Treasury
Ss. Treasury
U S Steel Reports Record Unfilled Orders Drop
New York May 10 AP United States Steel reports unfilled orders totaling 3 867 976 tons for April 30, down 611 959 tons from March. The level matches last September’s totals and signals a continuing decline in forward business since the start of the year, with May showing another potential reduction.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Wall Street
Wheat market swings on government crop report and trade
Chicago wheat prices finished irregular with declines and advances amid a two sided market. The government crop report suggested a smaller domestic wheat yield, while visible supply figures pointed to shrinking stocks and hog value trends.
MENTIONED IN THIS ARTICLE
Chicago
Alshops
Joukotas
Minnesota
Nebraska
Canafilan Northwest
Expo Chicago
United
Wuble
Jake
Treasury balance report from Washington May daily balance
The treasury balance in Washington for May shows General Fund total at eight million two hundred forty-four thousand eight hundred fifty-six dollars and ninety cents.
Metal Market New York May 10 Copper Tin Iron Lead Zinc
Metal market report from New York on May 10 notes copper steady with spot and futures around 130.74, tin at 63.50 for near and futures 30, iron steady with No 1 Northern at 22.00 and No 2 Northern at 21.00, lead at 7.85, zinc steady in East St Louis at 8.77 spot and 6.80 futures, antimony at 1.70 spot.
MENTIONED IN THIS ARTICLE
New York
Alamada
Reneca
Shell Our
Jewell Tea Ag
Hubert Theatre
Aboumerada Corp
Jordan Motors
bin Co
Ain Agn
Kelsey
Southern Pac
Keyatune
Nouthern
Atund O
Pnes
Myers
TOD Loew's
Ara International Cofe
Studebaker Corp
Ubin
Jorris Pierre Co A
Nash
Rufely Tazar
Abn
Texas
Ktel
Marne
Sumatra
Aim
Met Goldwyn
Ty Beace Union
Enton Fue Sry
Archer Dan Midid
Union
Armonr Co
United Alloy Steel
Armour Co
TOU An Bas
Armour Cn
Mid States
United Cigar Stores
Tiaintah
AL An
United Brox
Igo Minn
United Drug
Ali Sug
Atchison
Missouri
Montana
VA Realty-Imp Bury Smi
Austin Nichols
Smett-Rerapg
Motlan
Stel Corp
Steel
Barnet
Amd Manning
Murray Baty Corp
Nash Motors
Tahoa Venediam Corp
Boag
Rayuk
Veidting Brothers
Rat Cosh
White Motor Co
Kp &T
Wiltra
Sano
Aia
Wright Areongu
Bilyn Alen
Walworth “Co
Ray
Ward
Northern Pac
Warner
Norwalk
Weber Hellbroner
Maryland
Ufary Awe Buanally Co
Wentern
Pacith
BOO West Union
Pacific LS
Cmntis Corp
Sun Weston
Otis ‘Steel
RS Wheel & Lake
Erle P
Io Ab
White Eagle Ai
Owens Bottle
White Motoro
Pacific Gas
Wick Agene
Goano Willys Overland
Packard Motor An Down Overland
Pri Bs
Woylworth FW Co
Utah
Yoel Tr
Philadelpha
Billo Bfoyris Co
Philips
Chile
Pierre-Arrow P
Ar Sui Chryskir
Pitta-West
Ser Corp
Pullman Co
Consel Cigar
Radio Corp
Hadio
Conaal Gan
Railroad
Conkor Textile
Bony
Andy
Tyrer
BNI
Nba
Daly Bney
Uoba Co
Rosela Ins Co
New Sun Cnt
le Southoni
Savage Arms
Davigan Chemical
del Lack West Ike Bom
Ellicott Johnson
Cimbel
GimLel Bros P
Gildden City
Godrich
Cory
Wisear
BOW Gondyear
Granby Ewe
Aoa
Hi West Sugar
If Mob
Sintea
Hanne Pretary
Thadsen
Thadson Manik
Eloddson
BAY Ray RB
THO Inlund Steel
Money market report from New York on May 10
Call money stead with a 4 high and 4 low, ruling and closing at 4. Offered at 4 1/4. Loans shown steady with commercial paper at 4. Time deposits and bankers acceptances listed, including 90 days at 4 and 4 4 months at 4, prime mercantile paper at 4.
MENTIONED IN THIS ARTICLE
New York
Cal Loans Ag Et Planves
Ime
Foreign Exchange Rates Steady in New York May 10
The Associated Press reports steady foreign exchanges in New York with quotes for British, French, Italian and other currencies. Rates show Great Britain demand at 484 7-8, French francs at 8.19 1-25, and Germany at 23.0 with various 60 day bill indications. Depicted prices include Italy at 99 1-9 and Switzerland near 18.85, with broader cross rates for Sweden Denmark and Norway.
MENTIONED IN THIS ARTICLE
Studebaker
Dodge Brothers A
Jorjan
Moon
Fisher Body
Rubber
Goodrich
General Motors
Mack Truck
General Motord
Steel Contmon
Beteen
Wall Street
Bethlehem
DuPont
Radio Corporation
Postum
Pullman
Tnian Pacific
Rock Island
Ray Sugar
New York
France
Italy
Deviand
Germany
Trolland
Dorway
Sweden
Denmark
Switzerla Ct
Rail Stocks Stand Up to Bear Market Rally
Rail issues show resilience amid a bear market as earnings surge. The Dow Jones contrasts reveal rails near 1926 highs while industrials lag, with March earnings forecast to rise 15 to 20 million dollars over 1926. Rail optimism stems from stronger railroad earnings after a harsh winter, supporting share prices.
MENTIONED IN THIS ARTICLE
Stump
Also Mentioned on This Page
International Railways of
Central America
N. ¥. Stock Exchange
Hemphill, Noyes & Co
New York Stock Exchende - City Savings Bark Bidg
Bridgeport
Barnum
York Philadel
Beaton Pitta
Beltimere
Racuer Serge
Chary
Tim Per
Fidelity Loan Corp
Middle St
Corner of John St
Bar
State of Contecticut
Westport
Teirited
Orators
Milford
Guaranty and Trust Co
1St National Bank
Conn
Newsprayershchive
New England Telephone Co
Norfolk and Western
Florida East Coast
Ontario
Western General
Skelly
Dominion Iron and Steel Bs
Bend Tireles
New England Telephone and Telegraph Company
Free
Arhhalt
R Tradt
Fotal
Financelal
U.S. Steel
U.S
Metal Market
Oreign Exchange
Wii
HH. B. Merritt & Co., Inc
Main St
Chapel St
the Colonial Bond and Mortgage Company
Chapel Street
Connecticut
Colony
Bank
Comminense
BNI American Bonn & Mortcace Co
Madison Avenue
New York City
Charles L. Crosby
City Savings Bank
Telephone Barnum
Banking Commissioner's
Noble
New England Equity Corporation
Franklin Block
State Street
Post and Telegram
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