Copper Leads On Mixed Wall Street Trading Report
New York March 14 copper prices rise on merger news between Ray and Kennecott and reduced April output at North American Smelters. Wheat climbs as funds cover shorts. cotton gains on mill demand. Foreign exchange steady, sterling steady. London Bank of England shows $4 million loss but not enough to shift rates. Oil stocks rise after Marland dividend and Glidden eyes paint and varnish ties. Mack Trucks hit a record. Bullish tones in steel as scrap prices firm, while nickel plate merge doubts spark trading adjustments.
MENTIONED IN THIS ARTICLE
New York
Ray
Kennecott
Bank of England
Marland Co
J. P. Morgan and Co
Speciallien Fleischmann
Federal Yeast Company
Glidden 18
Wall Street
Glidden
Mack Trucks
Otis
Lead Price Jump by ASMC Advances in New York
New York May 14 The American Smelting and Refining Company today raises the lead price from 7.75 to 799 cents per pound, signaling a notable market move.
MENTIONED IN THIS ARTICLE
New York
American Smelting and Refining Company
Public utility issues again feature curb
New York May 14 strength and activity of public utilities again led the uneven higher curb market. Commonwealth Power rose nearly ten points on news negotiations for acquiring Tennessee Electric, closed 63 1/2. Adirondack Power up 3 1/3 to 79 3/4 and Electric Bond and Share up 2 1/8 to 67 3/8. Continental Baking higher on food shares rally. Car Lighting and Power near multi year highs on refrigeration contract reports. White Rock and Pathe Exchange issues showed buying. Radios and motors steady. Trading lagged for most issues after crude production rose again for week to May 9.
MENTIONED IN THIS ARTICLE
New York
Saues
Commonwealth Power
Tennessee Electric
Adirondack Power
Continental
White Rock and Pathe Exchange
Ohio
Foreign exchange rates steady in New York markets May 14
New York May 14 foreign exchanges held steady with midrate quotes across major currencies. Cables and demand figures cover Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Jugoslavia Austria Roumania Argentina Brazil Shanghai and Montreal, listing latest bid prices in cents and dollars.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugoslavia
Austria
Roumania
Argentina
Brazil
Shanghai
Montreal
New York Reserve Bank May 13 Statement Summary
New York May 14 The statement of the Federal Reserve Bank of New York as of May 18 reports total gold reserves 892,712,990. total reserves 926,391,000. bills discounted secured by government obligations 44,744,000. other bills 27,765,000. open market purchases 88,372,000. total earnings 277,2138,000. uncollected items 175,439,000. due to members reserve account 836,742,000. total deposits 856,248,000. Federal Reserve notes in circulation 334,064,000. reserve ratio 77.8 percent.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
Dusiness
Federal Reserve
Copper and metal prices steady at New York market
METAL MARKET NEW YORK May 14 copper steady with spot 54.62 and near futures 54.26. Lead and zinc steady with spot ranges 7.75 to 7.90 and futures 6.92. Antimony spot 18.00. Treasury outbalance shown as 206,161,114.66 with date May 14.
MENTIONED IN THIS ARTICLE
New York
East St. Joula
Foreign trade must balance domestic sale says expert
W S Swingle, to assume charge of foreign credit at the National Association of Credit Men, urges familiarizing with foreign conditions and buyers. He stresses cooperation, ledger exchanges, and closer member contact through the Foreign Credit Interchange Bureau and related forums to foster legitimate trade and deter dishonest buyers.
MENTIONED IN THIS ARTICLE
New York
Ewingle
Foreign Credit Department of Theational
Association of Credit Men
Consolidated Stock Corporation
Asia Banking Corporation
Wheat futures jump on strong demand and world tightness
Wheat futures in Chicago rose up to 7 1 2 cents as demand from Europe and reduced Argentine shipments support higher prices. May and July prices advanced with May around 1.67 to 1.68 and July 1.52 to 1.623 1 4, while corn and oats tracked wheat gains and hog values dragged provisions.
MENTIONED IN THIS ARTICLE
Chicago
Europe
Argentina
Minneapolis
Real Estate Transfers Include Warranty and Quit Claim Deeds
Realty records show City National Bank trust Carrie Schietinger selling Nutmeg Avenue property for 1600 dollars. Michael F Kane and others transfer Ita Avenue property to James and Frances Lasora for 500 dollars. Harris Gellis sells Main Street property to Morris Gellis for 5000 dollars. Katherine Birmingham transfers Olive Street property to M Plotkin for 8500 dollars. Annie M Blackman to Sarah Hale and Blackman to Hale list Brookview and Myrtle avenues. W Gerald Lineburgh sells Cleveland Avenue property to George Carroll. Gennaro Rollio sells Midian Place property to Amy Bottilla. Helen W Clancy mortgages Iranistam Avenue property to Mechanics and Farmers Savings Bank for 2400 dollars. Gennaro and Amy Bottillo sell Midian Place to Michele DiPietro for 850 dollars. Max Plotkin sells Olive Street property to Catherine Birmingham for 1700 dollars.
MENTIONED IN THIS ARTICLE
The
City National Bank
Carrie Schietinger
Nutmeg Avenue
Michael F. Kane
James
Frances Lasora
Ita Avenue
Harris Gellis
Morris Gellis
Main Street
Katherine Birmingham
M. Plotkin
Olive Street
Annie M. Blackman
Sarah A. Hale
Brookview Avenue
Blackman
Myrtle Avenue
W. Gerald Lineburgh
George YW. Caroll
Cleveland Avenue
Gennaro Rollio
Amy Bottilla
Ealty
Midian Place
Helen W. Clancy
Mechanics and Farmers Savings Bank
Iranistam Avenue
Gennaro
Amy Bottillo
Michele DiPietro
Max Plotkin
Catherine TI
Birmingham
Money market report from New York highlights rates
Money New York reports call money firm with high 4 and low 3 3-4, ruling rate 3 8-4, closing bid 4 and offered at 4 1-4. Last loan 4, call loans against acceptances 3 1-4, time loans steady with mixed collateral 60-90 days at 3 8-4 and 4-6 months at Bo R-4-45. Prime commercial paper 3 3-4 to 4.
MENTIONED IN THIS ARTICLE
New York
Jonna
North American Will Merge With Ledger
Philadelphia May 14 The Public Ledger to announce the purchase of Public Ledger by North American. The merger under the title Public Ledger and North American will also announce a new tabloid called the Sun beginning Monday May 18.
MENTIONED IN THIS ARTICLE
Philadelphia
The
Public Ledger
Pubic Ledger Company
North American
Public Ledger and
the Sun
New York Market Report Buries Mixed Food Prices May Day
New York on May 14 reports varied wholesale prices across produce and dairy. Potatoes and sweet potatoes show mixed firmness with multiple regional varieties priced per barrel or basket. Butter and cheese markets are unsettled to steady with creamery and Wisconsin products noted, while poultry and pork markets remain steady to fairly steady with defined ranges for broilers, turkeys, ducks, fowls, and meal costs.
MENTIONED IN THIS ARTICLE
New York
Bermudas
Floridas
Jersey
Southern
Pered Iruna
Wisconsin
Hennery
Pacific Coast
A. c
Liberty Bonds Market Prices Reported in New York
New York May 14 closing prices for U S bonds show First 4 1 18 at 102.10 for various maturities, Second 4s around 106 1 13, Third 4 1 49 at 101 29, Fourth 4 1 48 at 102 16, with U S Treasury 48 at 102 3 and Treasury 4 1 48 about 406 2.
MENTIONED IN THIS ARTICLE
New York
U. S. Treasury
Treasury
Steady investment buying steadies firm bond market
The bond market stayed firm as steady investment buying continued with moderate trading. High grade issues hit new top prices for the year and some to the best since 1922 while European and foreign obligations showed strength amid rumors of new financing and Argentine refinancing talks.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Treasury
Argentina
Copenhagen
Southern Railway
Seaboard
St. Paul
Cotton futures steady in New York close May 14
In New York on May 14 prices held firm as spot cotton traded at middling 22.40. Futures closed steady with gains of 10 cents net. May 22.15 to 22.20, July 22.17 to 22.20, October 21.99 to 22.00, December 22.17 to 22.18, January 21.80.
MENTIONED IN THIS ARTICLE
New York
Cotteg
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Bay
Waldorf
Interstate Commerce Commission
Chesapeake and Ohio
United Loan Corp
Fairfield Ave. Cor
William Broch
Plumbing
V. J. Wade
Hawley Ave
Conlin Company
Bridgeport
Conlin Building
Elm St
N. Y. Reserve Bank
Metal Market
Washington
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Edge
Ledger
Salez
Uae
Jan Spea
Ady Rumaly
Sody Rumely P
Royal Dutch
Russia Inc Corts
Ajax
Allis Chalmers
Agri Chen
Ag Pen Ga
Aory Usgl
Savage Arms
Bosch Pig
Hupp
Wentral
Ali Gas
Sears Roe
Car Fay
ETI Inland Steel
Phatt Aria
Shell UN Oil
Simmons Co
Mer
Strom
Studebaker
Superior Steel
Syming Co
Symington Co
Tex
Tex Pac
Losule Gul
Transue Ve. i
Art Loom Corp
Art Loom Corpt
UBT
Manila
Union Pac
Baee United al Bei Av
Atchingon
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Otto United
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Atl Gulf
United. RY
Martin Parry
Math Allenk
Atlas
Atlas Tacit Mits
McCrory
Austin Nith
Metro Gold
SBS
Auto K Hosay
U S
Stel Corp
Utah
Bethle Steel
Beth Steel
Ney
Mullins Body
Ward Ff
Atte
Brown
Murray Body Co
National Acme
West Penn Be
Burns Bro
National Bisc
GE Ik
West Eloc
Niagara L & O
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West Union
Nat Dept St al
Weston
Chi St Lp
Willys
Woolworth Co
Wilson Co
Whett Aero
Cero de Pasco
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Chessio
North Amer
Owena
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Penick & Fid
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IBM
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Pierce Ol
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TOR
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John
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Houston
du Hudson
New York Refinera
Chile
Segal
Fidelity Loan Corp
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Bridgeport Company
Bullard
McElowney
Te. Noble
Bridgeport Hydraulic CO
United Illuminating CO
Bridgeport Gas Light CO
Southern N. E. Tel. CO
State Street
Ad Bridgeport Trust Company
Investment Department
Noble
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