Steel Leads Market Rally Amid Broad Advance
U S Steel jumped to a six year high after news of a $60 million expansion plan lifting it 21 points. The steel group rose with other sectors while auto shares strengthened on talks of a possible settlement with unions. Gulf markets saw broad gains across farm equipment and tire makers as rail and utilities rose.
MENTIONED IN THIS ARTICLE
New York
Bodm
U. S. Steel
Ivity
Motors
J Goodyear
U. S
Texas Corporation
Houston Oil
Trends of Business by the United Press
A roundup of corporate earnings and commodity micro-news. Bowman-Biltmore Hotels Corp reports 1936 profit before amortization and taxes of 127,483 versus a loss of 139,259 in 1935, with December profit of 12,836 against a loss of 1,088 a year ago. Dayton Rubber Manufacturing and subsidiaries post Oct 31 net income of 510,465, with earnings per common share. Julius Kayser and Company and affiliates report six months to Dec 31 income of 477,353 or 1.13 per common share, versus 421,509 or 1.00 last year. Moody’s Investors Service declares quarterly dividends of 0.75 and 0.50 on $3 preferred, payable Feb 15 to stockholders of record Feb 1. National Tea Company sales for the four weeks to Dec 1 reach 4,884,163, versus 5,340,570 in the prior four weeks, with total 1936 sales 62,480,912 up 1.4. Burn Institute reports first eleven months orders for domestic oil burners 183,959, up 40 percent from last year, distillate orders at 384,113, up 54 percent. Plaza Operating Company posts 1936 net loss of 134,546 versus 1,785 in 1935.
MENTIONED IN THIS ARTICLE
Bowman-Biltmore Hotels Corp
Dayton Rubber Manufacturing Pany and
Julius Kayser and Company
Ayser
Australia
Il Burner Institute
Plaza Operating Company
Fern spore minute and scarcely visible in minute science
The fern releases millions of spores yet only a few survive. The text notes the minuteness of a spore and the rarity of successful germination despite prolific production.
Auto output trend seen despite labor woes in 1937
Detroit reports a counter seasonal production rise may occur in late spring even with labor trouble disruptions. Chevrolet’s suspension cuts 26 000 units weekly, while overall 1937 projections expect around 1.5 million cars and trucks. Glass shortages challenge quick restart of high level assembly.
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Detroit
Chevrolet
1929 Peak Motor Car Output Revisited in 1937 Outlook
Industry officials say 1937 will not reach 1929 boom levels of 663,811 car assemblies in a month but production is stable so far. They expect no deep valleys before the new model season next autumn as all units resume production.
Bond Market Rises On Moderate Volume Across Sectors
The bond market gained on moderate volume with gains across domestic corporate issues and foreign bonds. Government bonds slipped slightly while rails and foreign issues led advances to new highs. utilities moved modestly. Total bond transactions reached $8,655,000 face value, down from the prior Saturday.
MENTIONED IN THIS ARTICLE
New York
U. S
Associated Press
Cotton Market Mixed as Week Ends With Small Gains
In New York the irregular week closed with a modest rise in the cotton list. Trading was uneven as dealers paused awaiting government loan cotton news. Week ended with 1 to 3 point gains and the January option expired.
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New York
New Orleans
Commodity Credit Corporation
Flour Prices and Shipments in Minneapolis Market
AP report from Minneapolis notes 98 pound cotton sack packaging and carload lot pricing. Family patents and standard patents unchanged with prices 7.65 to 7.85 for flour. Shipments total 23 292. Pure brand and standard middlings listed at 35.50 and 35.00 to 35.50 respectively.
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Minneapolis
How Much Calcium and Iron Do We Need Daily
The healthy body requires daily iron and copper in small amounts but larger medicinal doses are often used for anemia. Calcium and phosphorus needs rise with growth, with calcium critical for bones and nerves and commonly deficient in diets, while phosphorus supports teeth and bones.
Calcium and vitamin D boost in treating daily complaints
Noted physician William Brady explains that modern calcium treatment hinges on adequate vitamin D. Calcium alone may fail if vitamin D is lacking, as deficiencies link to hives, asthma, hay fever, eczema, and dry skin. sunlight or ultraviolet exposure and vitamin D supplements aid calcium utilization, especially in northern climates and winter.
Two Americas Grow Closer Economically After Pan American Talks
Harper Sibley, president of the U S Chamber of Commerce, reflects on the Pan American conference and his South American tour. He argues that political goodwill now backs expanding trade, with the United States aiding development of new lands, improving transport, and boosting exchange of manufactured goods for Latin American raw materials.
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Chamber of Commerce of
The
United States
South America
Earl Reeves
Universal Service
Americas
Europe
Western Hemisphere
Latin America
Argentine
Brazil
West
Spain
World
U. S
Delayed Smelter Rates For Base Metals Listed
New York reports Saturday custom smelters rates for aluminum copper zinc and antimony. Copper near 13 cents per pound with export 13.72. Spot prices at Straits 51.55, NY 6.00, East St. Louis 5.85. Zinc NY 6.36, East St. Louis 6.00, secondary 6.00. Aluminum 19 cents per pound. Antimony not fully shown.
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New York
Tenew York
East S J. Louis
East St. Louis
Foreign Exchange Rates and N York Market Totals
The report lists numerous currency rates and variants across multiple nations including Britain France Italy Belgium Germany Holland Norway Sweden Den in Finland Switzerland Portugal Poland Czechoslovakia Yugoslavia Austria Hungary Romania Brazil Tokio Hongkong Mexico and New York. It notes a 392 real figure in New York and a 99.96 percent nominal reading for New York to Montreal.
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New York
Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denei
Finland
Switzerland
Spain
Portugal
Poland
Czecoslovakia
Jugoslavia
Austria
Hunary
Brasil
Tokio
Ne- Hongkong
Mexico
Sugar futures advance in New York market
Sugar market report from New York shows raw sugar futures rising by three cents with May, July, and September positions at 2.84 for No. 3 and 1.19 percent for No. 4 May, Sept contracts. Refined sugar unchanged at 5.00 for fine granulated.
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New York
Wheat Prices Rise On Exchange Amid Crop, Trade News
Chicago reports show wheat edging higher on Saturday due to quieting domestic winter crop concerns in the southwest and Germany’s potential large purchases of Canadian wheat. A smaller world carryover than seen since 1925 supported gains, with May and July futures mixed around $1.32 and $1.15 respectively. Provisions moved variedly as lard stocks increased by over 5 million pounds in the first half of the month.
MENTIONED IN THIS ARTICLE
Chicago
Germany
Canada
Chicago Quotations and Cash Provisions Market Update
The report lists Chicago cash wheat prices with various grades around 1.08 to 1.12 per unit and no sales reported. Oats and soybeans show sample grades around mid 50s to low 60s per unit with barley and seed values noted for feed and malt categories.
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Chicago
Minneapolis Grain Prices Reported for Wheat and Oats
Minneapolis wheat receipts 65 cars down. No 1 heavy dark northern spring 60 lbs price range 1.5641.85, No 1 dark northern 59 lbs 1.5541.65, 58 lbs 1.54 1.65. Fancy No 1 hard Montana 14 percent protein 1.46 1.48. No 1 dark hard or No 1 hard Montana winter 1.40 1.42. No 1 hard ee durum 1.54 1.68. No 1 red durum 1.33. No 3 yellow 1.18 unchanged. OATS No 8 white 52% 54% per bushel.
MENTIONED IN THIS ARTICLE
Minneapolis
Montana
Welding Arcs Reach 10 000 Degree Temperatures
A report describes welding arcs reaching about 10 000 degrees, described as hotter than the sun, highlighting extreme heat in industrial processes and potential dangers for workers.
Streamlining in Auto Bodies Lacks Practical Results
Detroit report cites Ralph Upson saying aircraft streamlining shows limited gains for cars. He outlines six ways to cut air resistance and weight including curved glass windshields and lighter skins, plus rethinking frames and radiators.
MENTIONED IN THIS ARTICLE
Detroit
Ralph Upson
Upson
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