Cotton Soars to Ten Dollars a Bale in Broad Market Rally
In New York trading on September 8 cotton surged to 10 a bale, led by a government crop estimate showing a large drop from August. Stocks fluctuated with gains for Steel and several majors while General Motors and other Dow components dipped on profit-taking. Oil and industrial names moved, with bonds steady and money markets muted as traders pondered demand, rates, and currency shifts.
MENTIONED IN THIS ARTICLE
New York
iBy
Preas
Steel
American Smelting
Postum
Consolidated Gas
Bethlehem
Kresge
General Motors
General Electric
DuPont
Woolworth
Case
Rogsia
Fidelity Phoenix
Continental
Jate
Atlantic Refining
General Aspirel
Chesapeake and Ohio
New York Central
Pennsylvania
Atchison
Studebaker
Jordan
Mullins
Confusing price trends curb, favorites losing today
New York data show curb market securities moving irregularly with profit taking cooling gains. Electric Bond and Share and Commonwealth Edison led gains while Alpha Portland Cement and American Cyanamid preferred fell, Safeway and Metropolitan stores declined, Royal Baking Powder eased from recent highs on absorption rumors.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Flautea
Electric
Commonwealth Edison
Electric Investors
Consolidated Goa
Baltimore
United Light and Power
United Gas Improvement
Alpha Portland Cement
Firestone Tire and Rubber
Ford Motors
Canada
Johns Manville
Postum
Realty Records Mortgage and Quit Claim Deeds Across Bridgeport
Real estate transfers show banks financing and individuals transferring properties on Grand Street Lincoln Avenue Foster Square Davenport Avenue Howard Avenue Willard Street Lindley Street Yale Street Indian Street Herbert Street Kent Avenue Wood Avenue and related quit claim actions. Names include Joseph Conten Frank Mastconi Lena DeLorenzo Sophie Zutwot H V Johnson Josepl Kesha Merritt Gault Estate of Stephen French Michael Tomasko Sophie Virginia Tomasko Haniel Matthews Natalie Becker and others.
MENTIONED IN THIS ARTICLE
Mortgage Leeds
Mechanics and Farmers Savings Bank
Joseph Conten
Grand Street
Bridgeport People's Savings Bank
Frank Mastconi
Lincoln Avenue
Sophie Sutwot
Lena DeLorenzo
Foster Square
Sophie Zutwot
Bridgeport Trust Company
City Industrial Savings Bank
F. Roberto
Davenport Avenue
Lo John
Timocko
Etux
Deacon Street
West Side Bank
Josepl
Kesha
Howard Avenue
Dees
Annie Teslya
Katy Teslya
Summerfield Avenue
Joseph N. Tila
H. V. Johnson
Willard Street
Paul Svihre
Peter P Boyhra
Lindley Street
John Barske
A. Christiansen
Yale Street
Title Guaranty and Trust Company
Merritt Gault
Indian Street
Title Guaranty and Trust
Stephen French
Herbert Street
Michael Joseph Tomasko
Sophie Virginia Tomasko
Kent Avenue
Haniel K. Matthews
Natalie H. Becker
Wood Avenue
Wheat and grain advance on weather in Canada market
Grain markets rallied after stormy Canadian weather eased early declines. Wheat led gains with Sept near 1.31 1 2, Dec 1.36 1 2, March 1.40. corn and oats strengthened, oats up to 50 cents, provisions mixed. Treasury reports balance in general fund at 66,017,47,12
MENTIONED IN THIS ARTICLE
Dimenco
Associated Press
Canada
Washington
U. S. Treasury
Balance General Fund
Sound Monetary Conditions Aid to Business Expansion
Two factors drive the current business picture. Sound money conditions and improved agricultural prices raise purchasing power. The diagram shows rising interest rates earlier, now easing as harvest needs peak, signaling plentiful funds for legitimate use. Despite past price declines, business activity remains strong with money seen as the key driver for trends.
Rubber futures edge higher amid mixed commodity cues
Rubber prices show slight gains with September at 33.80, December 34.00, and March 34.0 as market notes mixed signals. Spot ribbed smoked product quoted at 3 3-4 as traders watch demand and currency shifts.
MENTIONED IN THIS ARTICLE
New York
Associatei Press
Sterny
Realizing Fails to Alter Upward Movement of Bonds
New York bonds showed mixed action with some issues firming after a minor dip. Goodyear Tire and International Telephone led gains amid broad inactivity and pressure on City Service Power and Brooklyn Union Gas as refi- taking weighed on the market.
MENTIONED IN THIS ARTICLE
International Telephone
Brooklyn Union
Staten Island
New York City
Erie
Pennsylvania
Liberty Bond Prices and yields in New York market
The Associated Press lists Liberty bonds with various maturity series and their latest prices and yields. Notable quotes include Liberty 3 1 28 at 101.26 and Treasury 4 1-45 at 114.4, among others, reflecting market activity in New York.
MENTIONED IN THIS ARTICLE
Liberty
Treasury
Metals Market Highlights From New York Trade Roundup
Copper and other metals remained steady with spot and futures near prior levels. Bond activity showed mixed strength with low‑priced issues advancing while government securities drifted. Libby, McNeill Libby offerings price around 1/4 percent yield to fund redemptions and debt reduction.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Chesapeake Corporation
Erie
Rock Island
Southern Pacific
New Haven
Frisco
Union Pacific
Missouri Pacific
Western Maryland
Bac
Libby, McNeill
Libby First Mortgage
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The
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