Sharp Reaction Follows Increase in Call Money Rates
New York November 29. Stocks opened higher but closed with broad declines as call money rates rose to 3 1 2 percent, triggering a sharp stock market reversal. United States Steel, General Motors, Mack Trucks and Bethlehem Steel saw notable losses while Consolidated Gas rose briefly on a favorable Supreme Court decision but faded. Time money and paper rates were unchanged. Wheat cotton and sugar barely moved, while coffee jumped and foreign exchange softened with a firmer franc and weaker sterling.
MENTIONED IN THIS ARTICLE
New York
Baldwin
Federal Reserve Bank
Consolidated Gas
United States Supreme Court
Youngstown
Bethlehem Steel Common
United States
Steek Common
Atchison
New York Central
Rock Island
Frisco
Wheat Prices Dip On Argentine Harvest Weather News
Chicago market reports show wheat futures slipping as Argentine harvest weather spurs early declines. Canadian wheat offers at Liverpool limit further price movements while corn and oats fall, provisions steady or mixed. final closes show wheat down about three cents, corn and oats lower, with mixed provisional changes.
MENTIONED IN THIS ARTICLE
Chicago
Argentina
Liverpool
Money market and clearing house figures from New York
Money rates show call money active with highs near 5 1/2 and closing bids around 6, with time loans steady on mixed collateral for 60 to 96 days and 4 to 8 months at 45 8. Clearing house reports fixes changes at 21,990,000 and balances around 141,600,000 with credit balances near 98,000,000 as Fed reports.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Clearing House
Federal Reserve Bank
Sit uation bulletin highlights business conditions
A resume of business conditions and a summary of the more important financial developments are contained in our monthly bulletin The Situation.
Liberty Bonds Closing Liberties Note Data
Statistical snippet records Liberty Bond prices and closing yields with entries for Liberty 3s and 4s, including 1-23 2.2 and 1-46 as well as Treasury 2s, 3s, and 4s notes. Partial OCR shows varied series and fractions with unclear annotations.
MENTIONED IN THIS ARTICLE
New York
Liberty
Eceaee
Treasury
New York Produce Prices Report November 29 193?
Butter firm receipts 7,603. Creamery prices higher than extras from 53 1 2 to 54. Creamery extras 92 score 53. Eyes steady with 12,696 receipts. Fresh gathered extra firsts 6 to 6 6 cents. storage 39 to 49. Nearby hennery whites extras 75 4 to 76. Pacific coast whites express 74 to 72 1 2. Potatoes firmer 55 cars Long Island bulk 180-lb. Green Mountain 4.80 to 28.00. Maine 3.4064 5.75. Cabbages firmer Danish white per ton 22.00 to 25.00.
MENTIONED IN THIS ARTICLE
New York
Hennery
Pacific Coast
Long Island
Green Mountain
Maine
Foreign exchange quotas and rates across nations
Irregular foreign exchanges list quotas and rates for many countries. Figures include Great Britain at 484 9-18 and 485 60-day bills, France at 3.70 1-2, Italy at 4.28 and 4.29, Belgium 13.94, Germany 23.75 1-21-2, Holland 39.93 1-2, and other nations such as Norway 25.20, Sweden 26.67 1-2, Denmark 26.60, Switzerland 19.29, Spain 15.12, Poland 11.75, Czecho-Slovakia 2.98, Jugoslavia 1.76 7-8, Austria 14.12 1-2, Roumania .54, Argentina 40.75, Brazil 12.31 1-4, Folivo 49.12 1-2, Shanghai 60.50, Montreal 100.12 1 2, Portugal 0.15.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Austria
Roumania
Argentina
Brazil
Folivo
Shanghai
Montreal
Portugal
Inveroi
Stuck Exchange
Bolv
Macy
Adama Express
Congol Nairn
Magma
Congrega Clgar
Ajax
Alaska
Maytag Co
Alls Chaimer
Wee Ry Iw
Wu Aig
Coty Inc
Con Pot Ao
Amerida Corp
SON
Crocthle Steel
TOM Roo
Staten
Cructhte Steel P
Cuba
Midland
Mitler
Bosch
Fiss Kan Tex P
Cohan Amer Sugar
Bria Aia
Cudahy
Bay
Davivon Chemical
Ally S Mon Power P
Deere Cap
Ean Montgomery
Wari Bey i Oia
Hudson
Lee Coat
Fay
Detroit
Nash Motors
Chicko & Abl Big
Devoe Kaynoldy A .Jay
Dodge Bros A
Dodge Bros P
Sty
Corp
Toa
MOY FH Corp P Ctf
Sag
Aim Railator
Aim
American Co
American P. al BI
Fairbanks Morse Co
AI Steel
Outlet Co
Am Steel
Am Steel Fars
Sumatra
Flessenmann Co
Gabriel Snubber
York
Utah
Sano Prihe Fischer
Gardner
Sano Ponkek Ford Sahae Ahag
Armour Co
Pere Marquette
Mara
Big Baty
Phil
Arnold Coast Corp
Gils
General Motors
Morris
Alan Try Gils
Santa Fe
Ans
An Atchison
Pierce Arrow
Siett Air
Peres Arrow
Lory Roy
Atl Coast Line
Gimbel Bros
Bicrea
Gimbel Troy Pe
Nan Pierce
Austin Nichole Co
Gudden Co
Tate
Pittsburgh
Austin “Nichols
Anan Corral
Hos
Ean Genttrich Itp Co Op
Postan Ad
Goodyear TR
Tae Taco P
Gotha Rok
Publier Ser
Bas Spoo Balt
Ohio
Goth & Hoanew
Ny Ranzer Aranstack
Ada
Pullman
Rarnedall Corp
Goth Sik
Barnstall Corp
Table Co
Am Ty
Bethlehem Steel
ROO Greene
Pan Ray Coast
Beth Steel Tv
Guant Sur
Booth Fisheries
Briggs Mite
Aemma Ton Xo
Brockien Balcon Vagos
Temetay
Gavin
Haws Sound
Tosafa Twearance
Anny Bush
T San Pr
T. San
Touly Seth
Ann Turerick Fa Raune
Sarpre Arme BS
KOO Rrers
Aga Schulte
Callahan Zinc Leadman
Shubert ‘Theatre
Nt Comba
Ant Simmons
Canadian Pacific
Tiar Co
An Simmons Co
Lan
Simms Petroleum
Pan Int Mere Mar
Oi Vt
Central Teather Am
Tnt Mere
Cerro de Pasco Eaty Rey Heyy
Ansant
Rann Southern Dairies A Ash Ag
Ns Jewell
Tsao Southern
ATF
Kon
Nare
Kreaee
Tago Oil
Aot
Storting Droit Penn Ny
Tambert Co
Theo
Tony Stewart
Aaron Studebaker
HFN
Chile
Beree
Texas Connig
Onryaler Corp
Qanan Texac
Cora Cole
AO Tigala Carbon
Nan Co
Tex Pac
Collins Alkmat
Alkman P
Pierrey Co
Tidewater
Tyna Ie
United
Uu & Ind
TR Gmelt
TT & Atenl Corp
Copper Ee Ag
Vanadhim Corp
RRA
INO Walrearth
West Penn
Wentern
Westin Yao
Worthlaline
Nay Ray
Fang
Wien Co
Roy Wo Wrigley
Stock Averages Mixed Data From Published Market Patch
The Associated Press reports stock market averages with mixed figures across mp 20 Industrials and other indices. Data show totals for stock sales and bond market categories, including combined monthly and yearly totals, but the entry contains fragmented numbers and garbled labeling.
Industrial and Commercial Waste Drive Gains Steam
A national push led by Secretary Hoover promotes standardization and simplification in industry. A chart shows 159 items with 22 to 98 percent variety reductions since 1924, easing mass production, reducing inventories, aiding smaller producers, and improving quality and service standards.
MENTIONED IN THIS ARTICLE
Hoover
Hoover Nas
Emalier
Market Curbs: call money rates rise amid uneven trading
Early in the session selling reflected higher call money at 6 1 2 percent, with a heavy later turn and mixed volume. Gulf and South Pennsylvania rose about 2 points while Carib Syndicate faded. Universal Pictures gained near year’s top, Warner slipped, and several industrials such as Swift International and Goodyear saw sharp moves amid broad sector swings.
MENTIONED IN THIS ARTICLE
New York
Gulf and
South Pennsylvania
Carib Syndicate
Gibson Oil
Panhandle
Texas
Swift International
Universal Pictures
Warner Pictures B
American Electric Products A
General Necessities
Anglo-American
Binger
Atlas Portland Cement
General Baking A
Goodyear Tire
McCall Corporation
St. Regis Paper
Metal market snapshot shows mixed metal prices in New York
Copper dull at 183 4, tin firm with near term 72 60 and January 69.87, iron steady with east and Buffalo FOB ranges, lead steady at 8.00, zinc weak at St Louis 7.17 7.22, antimony spot at 18.75 to 14.99. Copper and tin lead activity while others hold.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Buffalo
Alabama
St. Louis
Cotton market steadies as futures hold firm in late November
From Cotton New York the market reports quiet spot trading with middling at 12.90 and futures closing steady. December through May contracts show slight advances in the 22.56 to 12.83 range, with minor variation across months.
MENTIONED IN THIS ARTICLE
New York
Treasury Balance Report Shows General Fund Total
Daily statement from Washington lists a balance in the general fund of 141 918 530 62 dollars as of today November 20. The report notes overall figures for the Treasury and reflects the day’s balance.
MENTIONED IN THIS ARTICLE
Washington
Balance General Fund
Calling of Loans Restraints Bond Buying Enthusiasm
New York bond market faces dampened buying after unexpected rise in call money rates as loans are withdrawn to meet month end needs. Industrial issues seen active at opening, but leaders across foreign, US government, and railroad bonds faced profit taking and uneven moves. News fuels mixed results for various issues including International Mercantile Marine 6a and Brooklyn Union Gas 61-28.
MENTIONED IN THIS ARTICLE
New York
United States
International Mercantile Marine
Brooklyn Union Gas
Supreme Court
Dominion Iron and Steel
Federated Metals
Franciscan Sugar
Illinois Central Ga
Pennsylvania General
Standard Oil Company of
New Jersey
Also Mentioned on This Page
U. S
Cess
General Motora
Mack
du Pont
Savage Arms
American Railway Express
Congress Cigar
Colombia Gas Thew
Eureke Vacuum Cleaner
Phillips Petroleumn
Texas Gulf Sulphur
Orpheum
Fox Film A
Hemphill, Noyes & Co
Momhare
Fidelity Loan Corp
Bhalet
Jenn
John
Wall Ste
N.Y
THE
Associated Press
Industrials Balis
Camerroca, AssociaTas
Boston Reece Teen Eerste
Treasury Balance
International Cantile Marine
H. Building Bonds
American Bond and Mortgage Company
BN-9
American Bon & Monscace Co
Madison Avenue
New York City
Charles L Crosby Ene
Ing Dept. Vision
Noble
New England Equity
Bridgeport
Conm
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