Bonds Halt Upward Move As Profit Taking Spreads
Stocks showed irregulars while bonds steadied as profit taking paused the week’s advance. Gains were concentrated in semi speculative railroads utilities and oil liens with several issues rallying, including a five point rise for a 7 12 percent bond tied to Virginia Carolina Chemical.
MENTIONED IN THIS ARTICLE
New York
Cail Money Ates
Virginia-Carolina Chemical Speng
Hkst
Frisco
Chicago
Terre Haute
Southeastern
St. Paul
Raw International Great Northern Railroad Ohlizations
Tennessee
Necric Gs. Standard Gas
Sinclair
Pan-American Oil
United States
Treasury
Metal market report from New York shows mixed copper and tin data
Copper quiet with spot and future prices for 1958. tin steady with spot near 65.25 and futures 55.12. tron irregular with Northern Nos 1 at 20.50 and No 2 at 21.00. lead firm at 8.25 8.50. zinc firm at East St Louis 7.00 7.05. antimony spot 16.40 at 16.7 percent.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
York
Tao
Mid- Uplands
U S Treasury Balance Reported in Washington
The daily balance of the United States treasury on May 25 stood at $259,260,418.78. The figure reflects the government’s cash position as published from Washington.
MENTIONED IN THIS ARTICLE
Washington
United States Treasury
Liberty Bond Prices Reported From New York May 26
Liberty bonds listed with rates for different issues in New York on May 26 including Liberty 1 83, Liberty Ist 4 1-43, Liberty Ind 4 1-48, Liberty 3rd 4 1-4a, Liberty 4th 4 I-4a, and U S Treasury 4s. Exchange figures show varied premiums and yields across issues.
MENTIONED IN THIS ARTICLE
New York
hLiberty
Liberty Ist
Liberty Ind
Liberty
U.S. Treasury
U. S. Treasury
revival of Chapin Sacks leads curb market surge
New York May 25 reactionary trading dominated the curb as profit taking rose after gains in several industrials. Chapin Sacks advanced 25 8 points to a record 32 1 4 as an active feature with strong demand amid mixed results in gas, utilities and autos.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Olig
New York City
Humble Oil
Prairie Oil and Gas
Red Bank
Standard Oil of Kansas
Imperial of Canada
Commonwealth Power
American Light and Traction Electric
National Bond and Share
Lehigh Power Securities
Middle West
Chapin- Sacks
Reo” Motor
Curtis Air Plane
Nizer Corporation
Foreign exchange rates and global demands listed
Foreign exchange rates from New York show irregular quotations across nations with demand and cable figures. Notable values include Great Britain at 485 18 16 and 68 16 cables, Roumania at 46 1 2, Argentina at 40 02, Montreal at 100, and Tokyo at 4 8 with Shanghai at 75 8 8.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Argentina
Brazil
Tokyo
Shanghai
Montreal
Cold wave lifts corn prices amid crop destruction reports
Chicago May 23 Prices for corn rose as crop destruction reports spread after a weekend derecho. At 1 30 p m December delivery traded at 9 78 63 cents above Saturday close while other deliveries gained three to four cents as traders reacted to the damage.
MENTIONED IN THIS ARTICLE
Chicago
Thiraga Board Aot
Efficiency and filing chaos in the office
A terse complaint about disorganized records asks how a fling system exists in the office. The speaker laments that even a simple nit requires three filing clerks four hours to locate, highlighting dramatic inefficiency in filing practices.
Payroll Figures Show Workers Prosperous
Federal Reserve indices show payrolls higher than 1919 base and rising since mid 1920s, although employment remains below 1919 levels. Payrolls reflect hours and purchasing power, suggesting overall prosperity for factory workers despite higher living costs and variable employment.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Federal Reserve
Tlon
New York Produce Prices Show Mixed Weekday Gains
New York markets report firmer tone with creamery items rising to 42 44 1-20 and firsts around 40 438c. Salted and unsalted milks hold, wholesale price near 2.33 per 100 pounds, other items like potatoes beans and peaches listed with varied regional ranges. Dressed poultry and live stock show modest improvements amid broad market steadiness.
MENTIONED IN THIS ARTICLE
York
Ancy
Prades
Jersey
Fargo
Market Reaction Sparks Mixed Opening on Profit Taking
New York stocks opened higher but quickly slipped as profit taking and bear selling dominated. Despite the retreat, many issues hit new yearly highs on strong earnings reports in dry goods, chemicals, and steel related names.
MENTIONED IN THIS ARTICLE
New York
Associated Press
New York City
United States Steel Common
Baldwin
American Chemical
American Smelting
American Coca Cola
Famous Players
Texas Gulf Sulphur
Willys+Overland Fra
Associated
Kinney
May Department Stores
Brown Shoe Simmons Company
Robert Kelis
First Preferred
Studebaker
Bladebaker
Paige
Detroit
Parkard
Pierce Arrow
Briggs Body
Mack Trucks
United States
Casebee i
Money market update from New York trading desk
Money market notes show firmer tone with quotes around 4 1 2 to 4 3 4 on bankers acceptances and loans. Rates for 30 days at 3 3 4 and 4 8 months around 3 4 4, with prime commercial paper near 3 4 to 4.0 percent amid mixed collateral and active acceptance markets.
MENTIONED IN THIS ARTICLE
International Paper
Union Bag
American Agricultural Chemical American ‘Tobacco B
Tobacco Products
Wright Aeronautical Corporation
Nathonay Dairy Products
Montana Power
United Drug
Ward Baking BH
St. Joseph Lead
Guyamil Fruit
Otis Steel Common
Reading
Southern Pacific
New York
Cotton futures steady amid mixed bids in New York
In Cotton New York on May 25 the market showed a steady tone with middling prices around 24.60. July contracts traded near 23.20 to 23.23 while October moved from 32.63 to 22.65 and December from 22.83 to 22.84 as sutures closed barely steady and some slight bid shifts observed.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Jian
Stewart W Sy Ao
Stromberg Carl
Ajax
Aly
Allis Chalm Aly
Symington Co
Teleautograph Co
Bosch
Texas Co Y Ag
Houston
Amn
Texas Co
Inter Ag
Son Underwood
Union Oil
Enron Pacific
United Oy
United Gig
United
Bile Yng
Mer Mar Pty
United Pap
Mere
Dawell
Rkimett
Jordan Motors
Kan City
Stl Corp
Univ
Kinney Co
Vanad Corp
Kresge S
van Raaite Co
Kreste D
Lehigh
Ann Arbor
Lima
Vivauden_ Inc
Loew's Inc
Bae
Louis
Wells
Penn Co
Mack Tr
Macy Rey
Penn
Magma
West Mary
Mallinson Co
Manhattan
Manila_El_Co
Atlas
West
el Mir
ARI
Balti Ohio
Martin Parry
Willys
Bethle
McCrory St
Wisden Vo
Metro Gold
Middle St
Montana Pr
Mont Ward
Murray Body Co
Cerro de Pas
St Paul
Ning Falls
South Bay
Nort West
McRip
North Amer
Chile
Owens
Pan Amn
Pet BR. Ao
Parkators Ny
Sy A & Nag
Penn Sea
Conti
Cruci Steel
Phil Ra CO
Pitts Tin
Doug Peet
Kodak
Wlee Pow Ltd
Wadlcott
Radia
Lorie
Jon Ech Frog
Kia Phe
Aga
Fisk
Treynolde
Founda
Texas Bay
St Joseph
Savage Arms Baty
Pleo
Motora
Troy Ren Air Line
Sea
Sears
BON
Gtin Bros
Shell UN Oil
Ginter Co
Simmons
Hadden
Eas
Simms Cn P . Ine
Simmen Pet
Goodrich
Sinclair CO
Skelly Ol
Norr
Spicer Mtg
Boang Oo
Spicer Mfg
Gulf Mob Nor
RAY & Ta
Metal Market
Noble
New England Equity Corp
State St
Mutual System
Mutual System Co
Bank
Bank ST. Tel. Bar
People’s Loan & Investment Asp., Inc
Main St
Newfield Building
Wade
Hawley Ave
N. Y
City of
Akron
Ohio
Philadelphia
Squffalo
N.Y
Hemphill, Noyes &Ce
John Street
Bridgeport
Telephone Barnum
New York Philadelphia
Boston
Pigcollaret
Albany
Baltimore
Syracuer
Fidelity Loan Corp
Connecticut Industrial Lander’s Association
Middle St. Wait Sa Jehan
John and
Wall Streets
Phone Barnum
Guaranty & Trust Co
Main Street
Conn
The
Blue RibbOn Body Corp
F. P. Merritt & CO. Incorporated
West 43Rd Street
NEW York Telephone
Vanderbilt
Pete Sstteve
Beneficial Loan Society
Liberty Bldg
Omsw
Ale Ansura
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