Wall Street Slips as Bears Dominate Rail Metals and Oils
Under a wave of short selling the New York market retreated with rails turning down for the first time in days and steel and industrials weakening. United States Steel and Bethlehem plunged to yearly lows while oils and utilities fluctuated. bonds hit record highs as money markets show shrinking business and easy rates. Procter & Gamble edged higher, while local stock activity included Laundry Machinery and Rolling Mill trading amid mixed demand.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Bethlehem
Appalachian Power
Treasury
Liberty
Missouri Pacific
Missouri
Kansas & Texas
New Orleans
Texas & Mexico
International
Great Northern
Chicago
Greece
Germany
Cleveland Federal Reserve Bank
Local Stock Exchange
American Laundry Machinery Common
American Rolling Mill Common
Charngold
Dalton Adding
Hatfield Reliance Coal Company
Paragon Refining Common
Procter & Gamble Advances
Procter & Gamble
United States
Closing stock list on New York Stock Exchange
Complete closing transactions on the New York Stock Exchange. Totals show ex-dividend lots, daily sales around 660 thousand shares, year comparisons, and varied performance across industrials and utilities with averages near 90.5 for Twenty Industrials and around 83 for Twenty- Hodds. extensive figures and numerous company quotes follow.
MENTIONED IN THIS ARTICLE
NEW York Exchange
Asociated Press
New York
New York Stock Exchange
New York Bond Transactions Highlights and Totals
The Associated Press reports New York bond activity with total sales of 13 582 000 dollars. First grade rails averaged 87 72 and public utilities 88 21 while industrials showed wide variance. Prices list diverse issues from Humble Oil to Westinghouse Electric with many government and corporate bonds quoted at or near par and changes from the prior day.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Stock Exchange
Local Securities Bonds and Empreserve Listings
Local securities column lists bids and notes for various corporate bonds and preferred stocks. Entries include Columbus Railway Ist con 4s 89, Houston College 6s, Egan 6 43, Paragon Refining common and preferred, Baldwins Coml, and Paragon Refining among others with price quotes and percentages.
MENTIONED IN THIS ARTICLE
Bid. C
N.&c
Columbus Ry
Houston
Egan
Bibelhiene Keith
Theater
Coe Am
Amer
Iach
Baldwin
Ahah
Oeuten
Berly 'S
Danie
Carey
Shoe
Fenton
Piclechasan Alot
Atobe Ae
Monitor Furnace
Dovitslitamenn
Paragon Refining “ Com Inc
Gat Machinery
Foreign exchange rates report from New York
New York by June 6 reports irregular foreign exchange with figures for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Yugoslavia Austria Romania Argentina and Tokyo. Cables and demand values vary by country and currency.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
United States Bonds Market Update
New York on June 6 reports Liberty bonds steady with 314s at 100-6 and first 4s at 100-29 bid. Second 4s quoted 100-23, first sister-1 at 100-?, second 4s 100-26, third 4s 100-3, and fourth 4s 101-11 along with Treasury 4 12 9 notes.
MENTIONED IN THIS ARTICLE
United States Bonds
New York
Liberty
Treasury
Allis-Chalmers and Others Set Dividend Dates
Dividend record date is Saturday June 7 for stockholders of record to receive an initial dividend. Ex-dividend today. Payments payable in common stock. Notices include Directors Meetings on Dividends and special and annual meetings for Pure Oil and Empire Trust, Guantanamo Sugar, and Pacific T and Tel.
MENTIONED IN THIS ARTICLE
Allis-Chalmers Mfg. Co
Guantanamo Sugar
Enation Pacific T & Tel. Co
D. Books Empire Trust Co
Pure Oil Co
Chicago Stocks Shakeup Shows Mixed Blue Chip Movement
In Chicago on June 6 investors watched Armour Preferred trade at 75 while Libby McNeill 4% edged, Hurley Machinery 52 45, Midwestern Utilities at 54, Swift & Co. 102, Swift International 19, Union Carbide ex div 56, Wahl 35 and Wrigley 36 as varied activity shaped the day’s quotes.
MENTIONED IN THIS ARTICLE
Bax
Zoe
Chicago
Armour Pref
Libby McNeill
Hurley Mach
Middlew. Utilities
Swift & Co
Swift International
Union Carbi
Wahl
Wrigley
Wheat prices ease on rain forecast in Chicago Grain
Chicago grain markets show mixed results with wheat generally lower on anticipated showers across the belt and a late bullish nudge from Germany accepting the Dawes Plan. July wheat at 1.04 and September at 1.05, while cash quotes list No. 2 red at 1.04 5/8, corn around 78 cents, oats firmer to unchanged, lard trading around 10.20.
MENTIONED IN THIS ARTICLE
Chicago
Germany
Grain and Provisions Market Roundup June 6
Across Minneapolis Milwaukee and New York markets on June 6 grain and oilseed prices held steady or posted small moves. Wheat ranged from No 1 Northern at about 1.11 to 1.16 per bushel in Minneapolis and various futures and spot quotes in New York. Corn and oats showed modest gains with No 2 yellow and No 2 white trading around 72 to 60 cents. Flax remained around 2.40 to 2.45 per bushel with other staples largely unchanged.
MENTIONED IN THIS ARTICLE
Minneapolis
Milwaukee
New York
Lake
Rail
O. B
Manitoba
Cincinnati Banking Group Prep For July Baltimore Convention
Preparations are advanced for Cincinnati Chapter of the American Institute of Banking to attend the annual convention in Baltimore July 15 to 18. Hubert Beck, newly elected to the Cincinnati chapter Board of Governors, will represent the Cincinnati branch of the Federal Reserve Bank of Cleveland. About twenty other chapter members plan to attend, with a special train dubbed the Cincinnati Special to carry delegations from Cincinnati and Western Ohio. The trip includes stops at White Sulphur Springs and Charlottesville, followed by pleasure trips during convention week to Annapolis, Washington, and Atlantic City. Dividend announcements include Reo Motor Co 1 percent extra and 1 percent regular, R J Reynolds Tobacco Co 75 cents common and 1 75 preferred, and S S Kresge Co 2 percent common and 1 1/2 percent preferred. Vice President Charles W Deppe of Union Trust Co is in New York on business. Westheimer & Co report John A Fish has left the bond department due to ill health and moved to Denver with his family.
MENTIONED IN THIS ARTICLE
Cincinnati
American Institute of Banking
Baltimore
Institute
Hubert Beck
Federal Reserve Bank of Cleveland
Beck
William Beckman
Louis C. George
John P. H. Brewster
Ohio
White Sulphur Springs
W. Va
Charlottesville
Annapolis
Washington, D. C
Atlantic City
Also Mentioned on This Page
L. A. Parrish
Rey
Rau
Osssse
Oecies
Lio Io
Reeltoais
Tel
Ceeney. Eeemey
Intertype Corp
Invincible Oil
Eceiveness
Jones Bros. Tea
Kayser
Kelly-Spring
Bosch Mag
Am. B. Shoe
Kel. Wh. Creel
Am. Ca
Ken'cot
Lee Rub. & T
Ak Am. Car & Fay
Lehigh Valley
Lig. & M. Tb
Perenne Sceetes
Loew's, Inc
Taecaea
Tee
Magma
Mallinson
Loco
Wan
Yan Ry
Maracaibo
EPO
Am. Ship. & C
Martin Parry
Motor A
Emeter
Seab
Nwvu
Wentercela
Sean
STH Mo. Pacific
Ome
Ene & TA
Ae Do Pref
Wee Os
Aia Anaconda
Mont’ery
Ward
Ae Arnold Const. Oy
Moon Motors
Nat. Biscuit
Nat. Dairy P. Cf
Atchison
Coast Line
Nat
N. Y
N.Y. Central
Atl
Autosales Corp
Ont. & W
Baldwin Loco
Norfolk Southern
Balt. & Chig
Norf. & West
Oseeneeees
Barnsd. Corp. Ai
North
Pacific
Bayuk
Cigar
Eee Nunnally Co
Bethlehem Steel
Ohio Fuel
Skiyn, Edison
Oklahoma
Orpheum Cire
Ercastors Pacific Devel
Miltele
Pacific Gas & E
Brown Shoe
Pacific Oil
Pacific Tel. & T
Oara Ri Ae Ae
Packard Motor
Pan-Am
Calif. Packy
Paris & Bingh
Penn
Coal &Ck
Zc. & Ld
R. R
Pere Marquette
de Pri
Central of
N. J
WIACO
Icissis
Cerro de Pasco
Phil
R. C
Seryes
Chi
Gt. W. Pr
Gba
Palais Pittsb. Util
See
BNE Fencoonly Pitts
St. P
M. & Oivuo
Chile
Ser
Chino Copper
Coca Coie. O
Pullman Co
Colo. F. & Iron
Punta al. Sugar
Colo. & South
Rand Minea
Col. Gas & Elec
Ray Con
Reading Co
Com
Solv
Biofeb
Veccessessers Congoleum Co
Replogle Steel
Rep. I. & Steel
E Russia Ins
Sfomcs Amsup
Cesceses i Isoyai
Motors
Leisussoolusies’s
Bt. L
L. Southw
APO Eol
Rckcesii
Cuban Am
Santa Ce
Cuban Dom
Schulte
Istor
Kodak
Aare Eaton Axlekelly
Iron E. Stor
Elkhorn Coal
Endi-Johnson
Southern Ry
Aan i
de Prete
Nd. Gas & el. Fed. M.&s.pr
Fed. Hight & Rt
BO. Poe Sacsenden Faib. & Morse
Stewart-Warner
Stromb
Studebaker New
Fleischmann Co
Cess. Foundation
Bank Boat
Freep't Texas
Buperior Steel
Phalt
Gen. Electric
Gen. Motors
Texas CO. O
Gulfa Gen. Petrol
A &P.c
Deee Ae
Godrich
B. Fa
di Latichbek
Rranse
Gray & Davis
Twin City R.T
Union Bag & Pa
Union Pacific
Gt. West
Guan
Ilene
Gulf, Mo
Ednet
Unites
Gulf States Steel
Hartman Corp
Berv Oy Hayes Wheel
C. I. P. Houston Oil
U. 8
Distrib
Hudson Motor Viel
Ind. Alec
Hupp. Motor
R. & Imp. P! Hydraulic Steel
Rubber
Linois Central
IGE. Cine
Crensee
M. Ind. Oil & Gas
U. S. Steel Corp
Indian Motor'le
Cece
Utah Secur. Corp Inspir
Vanadium Corp
Int
Rap. Tran
Va.Car. Chem
Int. Agri. New
Int.Combustion
Va. Ry
Harvester Co
Wabash R. R. Aes Cecal
Heiller
Nickel
Maryland
Beeereee
Pal
Seneeenene
West. Penn. Co
Westi. el. & M
White Eagle Oil
Wickw.Sp. Steel
Willys-Overld
Ches
C. Vor
Wilson & Cooneee
Eweneewnee
Wisc. Central
Wrigley, W., Jr
Humble Oil & Ref
Illinois Bell Tel
Illinois Central
Indiana Steel Bo Vss
Indiana Steel Bo Vss Cccssecses Ie 5 101% 101% 101% “Interboro Rap. Trans
Gt. Nor. Adj
AGE Cass S
K. C
Ft. 8
Kansas Gas & Electric
St. L
Liggett & Myers
Ae. & Nash
Louisville Gas & Elec
Magma Copper
Ick
Manati Sugar
Midvale Steel cv
Ceceeseeserse Reserteers
Montana Power 5S
N. E. Tel. & Tel
Mx. Inc
N. Y. Central
Reee BS & St. L
N.Y. Eatson
N. H
H. Fran
West
Boston
Norfolk & Western cv
Amer. Edison S
Oregon
Eyee Siijecccecivessesyes
Pere-Marquette
Phila. CO
Co. Inc
T. L. Southwest
Con. Ia
St. Paul Union Depot
Seaboard Air
Line Con
Ncdceccassecs Ccceseces
Sinclair Con. Oil Col
Southern Pacific Co
Bell Tel
Gas & el. cv
Oriente
Third Avenue
Oledo Atm Oka Bose Ekkaave
Tol
United Drug
Peressesserrsietecrerneseeeerete
U. S. Steel Gw. F
Cceee
Utah Power & Light
WMS. Goth
TE Sncvescctsases
Virginian Ry
Cecesesesee
Wabash
Sscescsvesesees
Warner Sugar Ref
Western Pacific
Western Union
Kansas City Terminal
Berne Do
C.c
c.c.c-ece+e 5 69 % 68 & 68 % N. Y. Rys. adj
N. Y. Tel
Nor
Ohio T. & L
Pr. Len
Nor. Stat. Power
Northw. Bell Tel
Republic Iron & Stl
R.k, Ark. & la
TNR E
Eeee
Een Eeneentee
U. S. Governoa
Gtd. Loan
City of
Bordeaux
Copenhagen
Gtr
Prague
City of Lyons
Marseilles
R. de Jan
Kingdom of Belgium
Kingdom of Denmark
Kingdom of Netherlands
Kingdom of Norway
Cro
Slc
Oriental Dev
Paris-Lyons-Mediter
Bolivia
Cuba
Finland
Haiti
State of Queensland
State of
Rio G. Do Sul
San Paulo
S. F
U.K
Amer. Chain
S. F. Deb
Amer Smelting
Amer Sugar
Am. Tel
Am. Wat. Wks. & el
Armour & Co
Del
Atte Oil
AMC. Lc
M. Osi
Baltimore & Ohio
Bell Tel. of
1St & Rf
Beth. Steel Can
Ser. A
Brier Hill Steel
Bklyn
Edison Gen
Ban. Tr. S. F
Calif Pet
Clinchfd & Ohio
Entral of Georgia
Dentral Eather
Entral Pacific Gtd
Hesapeake
Seeereeenerens
Alto
Ees Seeref
Chic. & E Ill
Chicago Railways
Chic. & Western Ind
Chile Copper
Commonwealth Power
Coal of Maryland
Consumers’ Power
Denv. & Rio G
Detroit Edison
Detroit United Rus
DuPont de Nemours
Duquesne Light
Empire Gas & Fuel
Erie Pr.icen
Elec. Deb
Goodrich
Gd. Trunk Ry
Canis
Tenet Neon
Local Securities
Ccsis Ciiages Secore
Teeeare Ween
Seenanee
Seeree Wurlitzer
Pr Seases
Atlas Ationa
Seees Citizens National Ba
First Nationa ee eee _ we oeos
Western Bank and Trust Co
Weeeee
Cin
An Teleee Eede
Seeeneeeeneera
Standard Statistics Company
tAmer
Alumet & Arizona
Lways
Shef. & Ron
Union C & Carboni
United Fruit
United Paperboard
Underwood
Yale & Towneee
Borden & Co
Chicago Grain
Iowa
Reo Motor Co
R. J. Reynolds Tobacco Co
S. S. Kresge Company
Charles W. Deppe
The
Union Trust Company
New York City
East
Westheimer & Co
John A.fish
Denver
Colo
Standard Oil
Alfred Hill &Co
Ceefanett
Atlantic Refining Co
Anglo-American Oil Co., Ltd
Borne-Scrymser Co
Buckeye
Continental Oil Perret
Crescent Pipe Line Co
Cumberland
Eureka Pipe Line Co
Sig. Oil Co. Pref
New
Docom
Gulf Oil Co. Aeteeneeeeneerees
Illinois Pipe Line Co
Indiana Pipe Line Co
International Pet. Co., Ltd
National Transit Co Laeseeee
New York Transit Co
Northern Pipe Ae Co
Ohio Oi
Penn-Mex, Fuel Co
Prairie Oil and Gas
Prairie Pipe Line Co
Solar Refining
Southern Pipe
South Penn
South West Penna. Pipe Lines
California
Stand. Oil of
Indiana
Ge Stand. Oil Co
Kansas
Kansas Tenons
Oil Co
Kentucky
Eee
Oar Co
RON Co
Stand
Oil
Ohio Leeneeeerneee 83 Do Pref. Senseneeeeranannenee 118 Oeeeee Swan & & Finch Co
Union Tank Car Co
Perret
Vacuu Oil Co
Washi %N Oil Co
Tanh Aaeeneeerae
Oan Ue
Cleveland
Otis & Co
Amer Mult
Steee
Cleveland Railw
Firestone T. É
Soak Glidden Co Eens Gy Aye Gee T. & Oeteee
Orassehi
Pein Eneeenerssons
Metro
Par. Brick
Eeewes Seer
Baldwin Piano
Laster
Baldwin Piano CO