Wall Street Slips After Disappointing Trade News
Disappointing trade data and broker loan fears weighed on stocks as early gains faded into 1- to 8-point declines. Trading stayed heavy with under 2 million shares, while cotton rose on poor southwest weather and wheat futures fell. Strong utilities helped briefly before weakening, and several leading firms posted lower earnings, signaling a cautious market ahead.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Canada
Commission House
New York Airtrade Company
Atchison, Topeka and Sante
0. S. Steel Common
Bethlehem
Crucible
General Motors
Chrysler
Hudson
Nash
Mack Trucks
Pierce Arrow
New York Air Brake
Baldwin
Cace ‘Threshing
Commercial Solvents
DuPont
National Distillers
Os Elevator
Timken
U. S. Cast Iron Pipe
Woolworth
Abitibi Power
American Water Works
Commonwealth Power
National Power and Light
American Company
Peoples Gas
Public Service of New Jersey
Southern California Edison
Atchison, Baltimore and Ohio
Chesapeake
Rock Ishind
Delaware and Hudson
New York Central
Norfolk and Western
Pittsburgh
West Virginia
Sterling Exchange
Shipping notices list ships and sail dates in September
Shipping items show Amerean Shipper sailing London to New York on September 26 and Southampton to Leviathan. Ascania sails Plymouth on September 25. Montreal to Liverpool and Quebec departures around September 25. Empress of France sails Hamburg to Quebec on September 23. Patria Madeira bound for New York on September 23. President Adams sails Marseilles on September 22. Stuttgart sails Cherbourg September 23. Dresden sails to New York on September 26. Bremen listed.
MENTIONED IN THIS ARTICLE
Amerean Shipper
New York
London
Leviathan
Southampton
Ascania
Plymouth
Montreal
Liverpool
Quebec
Empress of France
Hambwrg
Adams
Marseilles
Stuttgart
Cherbourg
Dresden
Bremen
Wall Street Notes on Railroads and Industry Shifts
A Wall Street briefing shows 21 railroads reporting first 21 earnings totaling 168.2 million, down from 174.2 million last August, with August and July comparisons suggesting a stronger August for class one carriers. Other items include Corn Products Refining’s planned extra dividend, Inter national Mercantile Marine capitalization changes, steel rail purchases by Chicago railroads, and several company earnings updates across industries.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Cleating House Report From New York and Treasury Balance
Cleating House in New York reports exchanges at 483 006 006 with balances around 1.117 billion dollars and a Federal Reserve credit balance of 85 million. Washington notes Treasury balance as of September 23 at 9493 136 42264.
MENTIONED IN THIS ARTICLE
New York
Fedeeral Reserve Bank
Washington
Treasury
Recent Boom in Bank Stocks Drives Prices to New Peaks
Bank stock prices have surged to historic highs as the Standard Statistics index climbs since late 1924 with a renewed sharp rise after a stable year. Analysts cite bank consolidation in multiple states and growing purchases by investment trusts as key factors expanding demand beyond traditional wealthy investors.
MENTIONED IN THIS ARTICLE
Standard Statistics Company
Prices on curb drop after early rally on stock exchange
U S and foreign issues drifted lower after early gains on the big board faded. Oil and utility stocks led declines while some public utilities held gains. Royal Baking Powder dropped sharply amid policy rumor denial. Ford Motor of Canada fell on block sales. Russian bonds traded at fractional prices amid quiet market activity.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Isaues
Humble
Imperial of
Canada
Bunker Hill Sulivan
American Solvents and Chemical
G. C. Murphy
U. &. Wreight
New
U. E. L. Battery
Royal Baking Powder
Ziegler
Ford Motor of
Pontepec Oil
Venezuela
Stock Averages In Market Report By Tened Press
Market averages from a Bytennodicated Press recap show first grade rails around 96.51 to 96.53, secondary rails near 98.21 to 96.18, public utilities about 96.98 to 96.96, industrials near 101.86 to 101.87, with combined averages 98.30 and 90.38 and a 98.22 month average and 94.95 year average. Total bond sales amount to $10,212,000 par value.
MENTIONED IN THIS ARTICLE
Mon
New York
Wefsenmeany Co
Fox Film
Abraham Biya
Freeport
Texas
Abraham Straus
Nat Surety Rete
Adan Bureax
Ady Rumely
Ahumaila Lend
Air Centro
Agpaalt
Alaska Jugean
Ajax Hubler
Avoo Gan Eleetrle
Allis Chalmers
Amerada Corp
Norfolk South
Norfolk
Associat- 40
Brown
Lip Norwaith
Rudy
Conan Aun
BOK
Liberty
Ion Am
Omniios Corp
Greene
Grant Sugar Bay
Looust Mohile Nor
Treasury
Aim-La France
Hocking Vally
Mn Mewil
AEN AG Am
Pan-Am
Houston
Con Man
Hadeon
Ratie
Philip Jortly
Harvester Co
Sansoo
Pittsburgh Coal
Mitta West
Arm Co
Ogei Nay
Arnoll Coustah
Jones’ Brow
Tay
Artoum
Jordan
Jordan, Motor Car 78M 1A Any Sin) Pressnil Steel
Kan City
Abu
Kan
Koyeer
Gulf
Kelly Spring Tire
Pullman Co
Russ Lite
Kelly Boring BP P. Wre
Punta Aleg Tusar Daly BU Boo Aed Refining
Kinney Co
Nestl
Austin Nichols Co
The
Baletwin
Radio Corp
Tsu
Bangor
Cs Second Bathe Corp
Hon Leth
Si Barnvdall Corp
Reynolds
Lott Inc
Belding Heminway Ny
Wien
Troksta Ins
WOR
Best Co
Lorll Pierre Coal
Roy Dutch Arty
Bethlehem Ter
Ter
Ratety Cable Co la BT
At Beth
Stent
Bloomingdale Bros Woie Md Bs
Blutgential I&t
P OH UA
Bt T. Souwest P Net
Mackay
Geoth Fisheries A
Booth
Brigan Mts Co
Log Afsudel
Seagrave Corp
Brown Boy
Manhattan
Aston Beard
Ra Bhattuck
Dna
Brookiya Edison
Joe Manhat
Auell Union Il Gtk Ie
Bklyn
Mayland OM Bat
Shabe
Theatre Aly
Bulyn
Marlin Rockwell
Hininons. Co
Wis
Brunswick Balke
Rimmona Cap
Hoch Vets
Saag
Rimma Petrol
Ani
Maytag Co
Ron Skelly
Burroughs
Metro
Raider Park
Seaboard Co Ib
Butterick Co
Mid Staten OM
Livers Co (Am
Callahan
Alinex
Canadian Pacific
Montgomery
Murray Corp
Chesapeake
Nak ‘Motore
Ion Rupertor
Swrete
Chesapeake Ohiie
Chieugy
Alon
Nat Delianese
Texne Corp
Beline Hose
Bigenlt
Ugn
Petty
Nat Clatillers
Troy Alta
Paul P
the Fair Co
Childs Coibe
Lobh Tein
An Bay
Union Bay
Chrysler Corp
BOR
Bray
Bankers
Crhd
Urba
Chrys Corp
Union On Cal
Colina Alkman Sialy
N.Y
Colorado Southern Eat
United States
I. Roc
United
Actirp
Chan National Bank
Chath-Phng Nate BE
Tr Gopus
Na Chemical National Bank Agty
Rm Empire Trust
Consolidated
Cith Avenue Bank Pany Ant
Tan Banc
Simett
B Tech
al Aig
Harelmin
Kinen County ‘Trust Co
Manufacturers Trust
Continental Enaur
National Bank of Commerce
National City Bank
Vanadium Cony Ao
Com Products Ly Ny
National Park Hank Ag
Viek Chemical Bat Roy
Coty
Vietor Tak Mach
New York Trust
Renboard National
Tr. Ca
Cuba
Toy Oh
Eau Guy Chemical
Regina
Davison
Walworth Co
Deere
Ward
Delaware
Lark Western
Warren Tray Co
Warren Brov
ATE
Devoe Raynokta
Ean
Warren Fay Pipe
Hartford Fire
Helltener
Dodge
Tnsurante Co
North America
Penn
AW Domeines
Ty Niagarn
West Penn Tow
KG West Pein
Pont de
Maton Ale
Weston al Water
He Nog Electric Auto Lite
Nak
Weeton BE
Tns
White Eagle OW
American Suety
Bankers Cap. Corp. N.Y
Hawkett Lay
Bantern Bankers Uoltp
Wilson
Erie
Eantern Bankers Com
Wiworth Co
Wey
Sag Bay Lawyers
Wright Aero
Erle Steam
Rae Rag
Souther Burety
Feil Motor Cray
Bovey
Grain Market Report Sees Corn Prices Rise on Weather Threats
Chicago trading notes unfavorable corn belt weather raising crop damage fears. Wheat falls on weak Liverpool quotes while oats stay firm and provisions rise. opening prices show mixed movements across September to May futures. Provisions gain as corn closes unsettled with slight advances.
MENTIONED IN THIS ARTICLE
Chicago
Associated Press
Liverpool
Money rates steady as New York banks report quiet market
Money in New York shows steady action with all loans at 4 and closing bids at 4. Time loans hold steady with mixed collateral for 60 to 90 days at 4 1 8, 4 3 8 for 4 1 4 to 4 3 8, and prime mercantile paper at 3 3 4 to 4.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Car
Prime Mercantile
Cotton and Rubber Futures Close in New York
Cotton futures rose with October at 21.02 to 21.04 and December 21.37 to 21.28. January 21.38 to 21.30, March 21.87 to 21.68, May 21.89 to 21.91. Rubber closed December 33.70 and March 34.40. Reporter notes steady market.
MENTIONED IN THIS ARTICLE
New York
Stancy
Cu Press
Ir regular bond market trades on Liberty Bonds in New York
Irregular price movements characterized the bond market with above average volume. High grade railway issues led early gains before late selling trimmed most climbs. several bonds hit year peaks then closed fractionally under Saturday. Government and foreign issues showed mixed activity amid cautious outlooks.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Rilla
Washington
Union Pacific
Wabash
Texas and Pacific
Ftleco
Georgia Central
International
Lombard
Potata International Telephone
Treasury
Second Liberty
Foreign exchange rates turn list of world currencies
Foreign exchanges irregular quotations in cents list several currencies and rates. Britain Germany Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slova kia Yugoslavia Portugal Austria Roumania Argentina Brazil Tokyo. Rates vary by demand cables and banks across markets.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Great Britain
Gernand
Banks
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Portugal
Austria
Roumanis
Argentina
Brazil
Tokyo
New York Produce Prices and Eggs Report
Butter firm receipts 6,061. creamery prices up to 49 1 2 cents for extras. Creamery firsts 41 1 2 to 47. stock 34 for No 1 and 23 for No 2. Potatoes steady. Long Island bulks 4.00 to 4.15. Maine 2.75 to 3.26. Eggs steady. fresh gathered ext firsts 39 to 42. storage extra fancy 38 to 36. near by hens and pullets listed with varied prices.
MENTIONED IN THIS ARTICLE
NEW Ork
Associated Press
Long Wéland
Beconda
Hennery
Hennery Browne
Pacific Coast
Metals Market Roundup From New York Trade Desk
Copper quiet at 13.17 1 3 to 13.85. Tin easy at 68.50 for spot and near forward. Iron steady. Lead steady at East St Louis 6.05 and New York 6.25. Zinc quiet at East St Louis spot and futures 6.16 to 6.20. Antimony 10.50 spot and 20 on quicksilver 120.00.
MENTIONED IN THIS ARTICLE
New York
East St. Loui
East St. Louis
Also Mentioned on This Page
Wall Street
Corn Products Refining Company
Lago OH
P. A. & Franklin
International Mercantile Marine Company
Sops & Majority
Wos
New York Air Brake Company
Pere Marquette
Ford Motor Company of Canada
Totel
Moex
Perces Ortusssae
Svanpanofi Ban
Gawamocr Associates
Bostox
Lear
Qate
Prussia
Bank and Insurance
N. Y
KOM
Gunore
Samn
U. Kia YS
Rardall HA McKill
Dania
Prog Kante Hapauan
Joan Kroon
A. F. Conhor
S. F.siemon
Bankers Capital Company
First National Bank
Bridgeport, Conn
Waterbury
Eastern Bankers Corporation Common
Financial
Bridgeport Telephone
Noble
Texas Power & Lt. Co
Montana Power Co
Hemphill, Noyes& Co
Savings Bank
Bridgeport Telephone Barnum
Philadelphia
Breton
Albany
Baltimore
Byracuse
Beranton
New England Equity Corp
State St
Tel
Zit Rae
New York Bridge
First National
Goreum Os