Bond Market Faces Slow Recovery Amid Cautious Trading
The local bond market shows signs of revival but little enthusiasm for dealers. Money remains plentiful for qualified buyers, yet wary sentiment, stock market volatility, and prior crashes weigh on trading. Municipal issues attract keen competition while high grade bonds price up, delaying purchases by some investors.
MENTIONED IN THIS ARTICLE
Ead
Harry E. Weil
Weil, Roth & Irving
Weil
Florida
Jas
Spartanburg County
S. C
Perent
Chicago
Moore County
N. C
Toledo
Madison
Fowa
Hines County
Miss
City of
Jackson
Summit County
Akron
New York
Troy
Cincinnati
Zanesville
Nashville
Tenn
Ft. Mill
South Carolina
Covington
Tennessee
Neral
Indécision Ag
Brooklyn Union Gas
Kansas Gas and Electric Company
Intercontinents Power Company
United States
White Rock Mineral Springs Company Sales Rise in Early 1930
White Rock Mineral Springs reports first quarter 1930 net profit of 257,132 after charges and taxes equal to 89 cents a share on 250,000 common shares. Sales for the period rose about 10 percent from 1929, with earnings up over 18 percent. Officials forecast 1930 results may be best in company history. President Harrison notes Ginger Ale and overall sales gains with expanded distribution in Metropolitan New York and other major cities.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
White Rock Mineral Springs Company
White Rock
Harrison
Transue & Williams shows quarterly profit despite auto demand drop
Transue & Williams Steel Corp reports first quarter profit after charges but before taxes of 29318 on 100000 capital shares, enough to cover a 25 cent dividend. 1929 first quarter pre tax profit was 150676. Improvement in automotive buying since March 31 suggests earnings may compare more favorably to a year ago, aided by sizable Ford dealings.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
Transue & Williams Steel A Corporation
Transute
Transite
Ford
Hershey 9 Net To Show Gains
New York May 31 Hershey Chocolate Corp expects current quarter sales to exceed 1929’s by a small margin as lower raw material costs lift net profit beyond last year’s June quarter. Cocoa prices ease and first quarter earnings rise to 2.65 a share on 678,213 shares. August outlook anticipates full benefit from cheap inputs.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
Hershey Chocolate Corporation
Hershey
European nations urged to mimic U S for trade revival
Albert Thomas of the International Labor Office urges Europe to follow the United States in responding to the economic downturn. He cites U S recovery actions after the Wall Street crash, calls for wage agreements and faster construction, and praises credit restorations to Europe while warning workers about resisting rollbacks in social gains.
MENTIONED IN THIS ARTICLE
New York World News Service
Geneva
Europe
United States
Albert Thomas
International Labor Office
America
Thomas
Wall Street
N. Y
Hershey Prices Drop Ahead of Merger Talks In 1929
Hershey reports lower cocoa and sugar costs with 8 cent cocoa and 1.43 cent sugar per pound, while milk prices fall. The company consumes 450000 quarts daily, so a penny per quart cut saves 4500 dollars daily. Despite merger rumors since last year, no negotiations are currently underway.
MENTIONED IN THIS ARTICLE
Hershey
Food Company
Goldman Sachs Investment Role and Shenandoah Holdings
Market Gossip reports Goldman Sachs not a strict investment trust as it builds and holds across industries. It holds about 40 percent of Shenandoah stock, both Shenandoah and its Blue Ridge affiliate trading well below peak values. An overall market upturn could lift these assets and aid Goldman Sachs.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
Goldman Sachs
Shenandoah
Blue Ridge
Shattuck Expands Amid Growing Floating Supply Need
Shattuck demonstrates rapid expansion where its floating supply is in demand. The company relies on expert management to carefully consider each move, a policy that has benefited its growth in the past.
MENTIONED IN THIS ARTICLE
Shattuck
Wheat market firmer as Farm Board exit looms
The Cincinnati Grain and Produce notes a wheat market firming on European crop concerns and a planned Farm Board withdrawal. It details indices, futures gains, and reduced visible supplies, with price quotes for wheat, corn, oats, hay, seeds, and feeds, plus local demand shifts and weather impacts on planting.
MENTIONED IN THIS ARTICLE
Liverpool
Legge
Federal Farm Board
George S. Milner
The
Grain Stabilization Corporation
Farm Board
Seaboard
Potatoes Lead Gains as Triumphs from Georgia Hit $5.75
Market report notes a stronger potato market with Georgia Triumphs quoted at 5.75 and several lines steady or weaker. Track sales list California cantaloupes, onions, and peppers with varied prices, while strawberries and tomatoes show slow demand and mixed crate prices across states. Continuous detail covers commodities from apples to watermelons, including carloads, crates, and sacks across Alabama, Georgia, Louisiana, Mississippi, Texas, and Florida.
MENTIONED IN THIS ARTICLE
W. H. Mosier
Georgia
California
New York
Bbls Russell
United States
Virginia
Mississippi
Tennessee
Florida
Alabama
Texas
Louisiana
Portland-Tennessee
Nancy Halls
Tom Watsons
Borg-Warner May earnings outlook for 1930 half year
Borg-Warner Corp reports expectations of about 1.5 million dollars in net for the second quarter, lifting six month net to around 2.6 million after preferred dividends. Earnings per share projected above 2 dollars on 1,230,721 common shares, with June shipments about to be released. President C S Davis says the firm should comfortably cover dividends for the year.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
Borg-Warner Corporation
C. S. Davis
Borg-Warner
Also Mentioned on This Page
Bond Market Review
Financial Editor
Thurssday
W. E. Hutton & Co
Statistical Service
Westheimer & CO
New York Stock Exchange
Walnut Street
Missouri-Kansas Pipeline Company
Fundamentals
Illinois Power and Light Company
Illinois
New York Curb
Chicago Stock Exchange
Dixie Terminal
White Rock Co
Transue & Williams
Cincinnati Grain and Produce
Timothy
Alsike
Dean and Orpington
Eocle Gow
Hole
Son
Borg-Warner Corp
Ervice Trength
Western Bank
Ohio
Amrad Corporation Common Stock
Crosley Radio Common Stock
R. E. Field & Co
Cincinnati Stock Exchange
Union Central
Telephone
CIN
SUB. Bell
GEO. Eustis & CO
Tel. Main
Procter & Gamble Co
Philip Carey
Card Company
Stoy
American Cece Machinery Co
Sto
Kemper-Thomas Co
Cincinnati and Suburban Bell Telephone Co
Cincinnati Street Railway Co
Irwin-Ballmann Co. Investment Securities
Walnut St
New York Curb Exchange
Detroit Stock Exchange
Chicago Board of Trade
New York Cotton Exchange
Our Statistical Department
Ww. E. Hutton & Co
First National Bank Building
Philadelphia
Detroit
Louisville
Lexington
Dayton
D. T. Fisher & Co
Fort Wayne, Indiana
D. T. Fisher
Fort Wayne
First & Tri-State Bank Building
R. H. Gipson & Co
Chicage Stock Exchange
Chicage Board of Trade
New York Curb Exch
Assoc
Indianapolis
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