New York Stocks Edge Higher on Utilities Rally
New York June 18 AP The stock market showed signs of leveling as mid year credit stringency loomed. Public utilities led with new highs as Morgan organization news boosted demand for utility firms. Despite gains in many issues trading closed with some irregularity and profits taking trimmed several advances.
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New York
London
Morgan Intersate
General Motors Corporation
Lkely
Graham-Paige
General Motors
Chrysler
Studebaker
Nore
Auburn
Furner
Commonwealth Power
Lago Oli
Michigan Steel
Montgomery-Ward
National Diststers
Murray Corporation
Beark Roebuck
F. G. Shattuck
U. S. Industrial Alcohol
Wright Aeronautical
Bank Clearings and Poultry Prices Reported
AP financial notes show June 18 bank clearings steady with slight decreases in some poultry categories. Live poultry and eggs largely unchanged. minor shifts in extra and first quality whites. Regional hennery products and forecasts indicate continued stability in supply and pricing.
Bond Market Averages Boosted by Convertible Issues
In New York on June 18 the bond market saw gains as two convertible issues, American Telephone 4s and International Telephone 4s, led a rise in prices. The International Telephone issue jumped to 131 1/2, aided by about 470 thousand par value in sales, while other convertibles posted modest gains amid a general upbeat sentiment. Government securities showed limited movement, with foreign bonds remaining dull.
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Associated Press
New York
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International Telephone
St Paul Adjustment S
Pennsylvania
General
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Columbia Gas & Electric &S
New York Telephone
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United States
Untitled fragment note on time and rates
Fragmentary text mentions taxi call, steady rates at 7 percent all day, a time frame of three days and 40 to 90 days, and references to conan and IAP. Names and full context are unclear due to damaged OCR.
MENTIONED IN THIS ARTICLE
Conan
Eripe Cometer
Joane Sailer
Packard Dominance in Historical Spring Sales Records
The record shows Packard ownership thriving with two thirds of Packard Eight business from former rivals. Nationwide data indicate 96 percent of Packard owners stay within the brand by replacing old Packards with new. Packard leads in eight-cylinder sales and delivery, driven by a loyal client base and single standard of quality. The Packard Payment Plus offers attractive terms with little or no cash outlay and favorable credit through a strong used-car allowance.
MENTIONED IN THIS ARTICLE
Packard
Matsy
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