FTC to Resume Utility Inquiry and Foshay Company Scrutiny
Federal Trade Commission will resume its utility inquiry on Thursday and will examine af fairs of the C W B Foshay Company. Humble Oil plans to stop crude oil purchases in three Texas counties while pipelines stay in service. Yellow Coach May deliveries total 403 buses valued at 3 500 000, a company record. Ford and Continental Motor plants to close for two weeks vacation in July, per I C C examiner. Missouri Pacific seeks authority to issue 34 700 000 in common stock. Seaboard Airline Railway asks I C C for 3 510 000 first ten equipment trust gold certificates and over 2 000 000 in other issues. Youngstown Sheet and Tube to operate at 65 percent capacity next week.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
C. W. B. Foshay Company
Humble Oil Company
Texas
Ford
Continental Motor Companies
I. C. C. Examiner
Missouri Pacific
Seaboard Airline Railway
Youngstown Sheet and Tube
Stock Exchange
Congress
Bank
Insurance, Trust and Benevolent Society
Canadian National Railways
Signal Oil and Gas Company
London Terrace
S. W. Straus & Co
Indian Refining Company
Federal Reserve Bank
Federal Reserve
Rock Island
United States
New York Stock Exchange
New York Federal Reserve
Cleveland Federal Reserve Bank
Liberty
Treasury
Treasuries
Treasury Department
State Department
Washington
Kingdom of Norway
Lawrence Stern & Co
South
LaSalle Street
Chicago
New York
Buying Better Than Selling
Wall Street report notes persistent buying by large investors after recent declines. Traders say durable accumulation could signal a market bottom within weeks, while seasonal slackening and tariff talks shape cautious optimism and reduced earnings fears.
Passing of curb bargain hunters noted as prices sag
New York curb market edges lower amid renewed bargain hunter support but few strong recoveries. Goldman Sachs weakness and Electric, Central States Electric, and United Light show varied moves while oil stocks dull. Large list of bonds and stocks quoted with totals: 570000 shares traded, 758500 year to date, bonds 1956000 today, 971000 year to date.
MENTIONED IN THIS ARTICLE
The
Cincinnati Commercial Tribune
Telephone Canal
Wall Street Journal
New York
Deere
Trans-America
Goldman Sachs
Bond
Share
Central States Electric
American Super Power
United Light and Power A
Fokker Air
Cooper Bessemer
Dresser A
Gasoline and kerosene prices rise sharply in China
June 7 in Shanghai reports a sharp price hike by oil firms. Gasoline leads with a 2 34 cent to 80 percent per gallon raise, while kerosene, a key staple, climbs 20 percent. Companies say currency depreciation necessitated the increase.
MENTIONED IN THIS ARTICLE
Shanghai
China
Financial stock exchange opens in Omaha with new members
Omaha opens the Omaha Stock Exchange with an initial membership of thirty. Trading begins at 10:30 am with hours from 10:30 to 11:30 am on weekdays and Saturdays adjusted by thirty minutes.
MENTIONED IN THIS ARTICLE
Omaha
Irty
New York Curb
Chicago Stock Exchange
Bond Market Review Reflects Summer Slump and Cautious Trade
The local bond market shows dull trading with weak demand across retail and many institutions. Stronger activity appears only for safe issues and certain foreign bonds while overall money and rates drift lower amid holiday pause and upcoming financing.
Copper Looks Good Says Guggenheim On Copper Outlook
Simon Guggenheim, president of American Smelting and Refining Co., reports an improved copper trend over thirty days and expects a run for better prices around October 1. He cites May demand, strong earnings for 1930, and a solid dividend, with ASARCO in a strong cash position to expand mining and manufacturing as copper markets recover.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
Simon Guggenheim
American Smelting and Refining Company
Guggenheim
Copper buying touches peak in May sales record
New York reports May set a record for copper buying with about 675 million pounds sold for shipment in May June and July by Anaconda and Kennecott subsidiaries. Export demand reached 242 million pounds while most sales were for May and June. Officials foresee stable prices until industry reestablishes confidence and production expands to near capacity.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
Anaconda
Kennecott
May Financing Pages Show Record Corporate Bond Flows
The Wall Street Journal notes May 1930 saw new capital total 1,191,876,440 including refunding activity. Domestic and foreign rail, utility, industrial and other firms offered bonds notes and stock, with 96,639,000 going to refinancing. Five month corporate totals reached 3.84 billion. foreign government and municipal loans added 118.51 million.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
National Cash Register Faces Sleeping Short Interest
Market observers note a large sleeping short interest in National Cash Register. Bears once targeted the stock, and despite some covering, a favorable development could trigger heavy covering and move the issue.
MENTIONED IN THIS ARTICLE
National Cash
Register
National Cash Register
Bears
Minneapolis Market Report June 17 Flour and grain prices
Minneapolis grain summary notes unchanged flour shipments at 35 938 barrels with bran at 22 50 to 23 00 per hundredweight. Wheat receipts 133 cars versus 128 last year. cash bids No 1 Northern 1 03 to 1 05 and No 1 red durum 89 to 91 cents. July 1 05 to Sept 1 08. Corn No 3 yellow 78 0 ? oats No 3 white 35 14 to 36 14 cents. Flax No 1 2 72 to 2 75.
MENTIONED IN THIS ARTICLE
Caro P& L
G & E Bs
Ook
Crown Zeller
Cudahy
el P & Lt
Fairbanks Mor
Mon & L
Lone Star G
L& Ark Ry Be A
Mem Nat Gas
Mid St Pet
Narragansett
Nat P & Lbs
Nat P Ser
Newby (Jj
NEG SE
NYP &L
Ohio
Pac G& E
Penn Oh
Penn Oh E
Penn P & L
Phila el
Pitts Steel
Ule Pug S P & P Bs
Roch Cent
St. L G & Coke
San Ant Pub
Schulte R
Shaw W&p
Shawsheen
Sheffield
Ge San Esseewteatece
P & Lt
Tex City Gas
Tex Gas Util
Tex P & Lt
Tri Util
Let & Ry
van Sweringen
Wabash
Waldorf
Wash Wat Pwr
West Pa
Tex Util
Westy Chier
Buen Air
Escessrovs
Cauca
Chile
Priv Bk
Cuba
Danzig
Ercole Mare
Gelsenkirchen
Hanover City
Hanover
Helsingfors
Wil Low
Ae Eyee
Arnold Print
Bos & Me
Cen
P & L Ls
Ail Bai
Geo
Azzie Ize
Sep&l
Narco Hydel
Medgulin Coy
Santiago Chile
Last Williams R C
Ala
Asso el
Amo G & EB
Asso
Bell Tel Canos
DuQuesne
Elec Il
el Png
Fisk
Doe
Gee TF Bos Ae
Se Gulf St Utes
Hous Oil
Ll P & L
Ind P & L Bs
Leoni Tietz
Prussia
Minneapolis
Mixed Retail and Auto Output Down in 1930
Kroger sales for four weeks ended May 31 fell 14.3 percent with a 21 week decline of 5.6 percent. Stores active were 5,279 versus 5,368 last year. Atchison weekly revenue cars totaled 33,356 vs 36,351 in 1929. Ford produces 9,200 cars daily, above April’s 0.565 million unit rate. National Tea shows May sales down 0.1 percent and five month 1930 decline of 2.6 percent.
MENTIONED IN THIS ARTICLE
Kroger
Atchison
Ford Motor Company
Pig Iron Market Outlook Warns of Quiet Third Quarter
A Rogers Brown & Crocker Bros. report from New York and Cincinnati signals continued pessimism in pig iron markets. Third quarter demand likely covered by hand to mouth buying with slight melt decline and no general price movement except a 50 cent cut in Chicago district lake movement iron. Ferro Alloys and coke markets remain quiet with New England foundry coke suppliers closing for last half delivery.
MENTIONED IN THIS ARTICLE
Rogers Brown & Crocker Bros.,Inc
New York
Cincinnati
Chicago
Lake Movement
New England
Livestock Receipts Estimate for Monday in Chicago
Unofficially estimated Monday receipts show hogs about 50 000 head cattle 18 000 and sheep 20 000. Next week hogs are projected at about 150 000.
MENTIONED IN THIS ARTICLE
Chicago
Investment Securities Listings of Various Stocks
A listed compilation includes Procter & Gamble Co. common and preferred stocks Philip Carey Mfg Co common stock United States Playing Card Co. stock Kemper-Thomas Co. Cincinnati and Suburban Bell Telephone Co. stock and Cincinnati Street Railway Co. stock. Each entry denotes a publicly traded security across a range of industries and regional companies.
MENTIONED IN THIS ARTICLE
Procter & Gamble Co
Philip Carey
Cincinnati and Suburban Bell Telephone Co
Also Mentioned on This Page
Business IN Brief
General Electric
Wall Street
New York Federal Reserve Bank
Assoc
Aeeentoereenes
Ainsworth Aero
Lefcourt Realty
Air Invest War
Lily Tulip Cup
Saeeeanens
Lion Oise Neeennenees
Louis L & E. Eeeneeeenenes
Bov
Capital B
MacMarr
CU & LB
Magdalena Syn Seneberees
Mann Bowman A
Cyan
Mar Wire Ltd Reg
Dept Stores
Marine Midland
Mass Util . Asso
Am & Fen
G & el
Mead Johnson Stat
Maracaibo
Nat Gas Stag Eeerenes
Mid Royal cv
Mid West St Util
Sup Power Neeeetee
Mid West Util
Midland Steel New
Miller & Sons
Appalachian Gas
Mohawk
Deena
National Am Co. Snewneee
Asso Ray
Nat Aviation
Asso Tel Ati
Nat Bond & Sh
Fis
Nat Dairy Pref
Nat Fam
Nat Fuel & Gassreeee
Avia Corp Am
Steeveeeeres
Seeeeenegenees
Bahia Corp
Nat P & L
Bancom Corp
Bower Roll Bea
Nat UN Rad
Brazil
Tr & Lt
Atho
Nobel Oscar
Newport Co
Raenes
CAM Corte
Can Marc Wireless
Niles Bem Pond
Nipissing Mines
Noranda Mines
Seeeeneees
Nor Am Av Awar
Chath Ph al
Nor & Sou Am A
Chem Nat
Nor
Europ Oil
Ches & Ohio Rts
North States PA
Cheseboro
Chic Corp
Sglien
Ohio Copper
Cleveland Tract
Cohn & Rozen
Pac Pub Ser
Pacific West
Paramount C
Pennroad Corp
G & el Balt
Perryman Electeneavenes
Petroleum Cor War
Philip Morris
Pitts Lake
Cuneo Press
Prudential
Curtiss Lighting
Curtiss Wright
Daniel Reeves
Detroit
Ry & Util
Dresser
Rainbow L Pr
Raymond Coneeeeenneee
Harris Seeeseenee
Reliance Intecetes
Dubilier
Reliance
Reynolds Invest
Duquesne Gas Durant Motor
Rock L & P Tr Ct
Russia
Intl
Durham Hosiery B
Seaboard
Shenandoah
Sierra Pac
Europe
Sisto . Financial
Deeswemee
Evans Wallo
Solar Refineneee Southern Corp. Snenemees
South Nat Gas Saneanenees
Fagee
South Penn Oil
Fan Farm
Southland Royalty
Fedders Mfg
Enatene
Southwest Dairy
Orme Bcs
Cerc Sens Frascceesess
Southwas Ut
Cap & S
Okker Aircraft
Foote
Fox Theater
Starrett Co
Do Pref
Nadeneeseennes
Stein Cosmetics
Gen Alloys Wneeee
Sun Invest Seeeereeraeees
Elec Ltd Ret
Sunset Star
Empire
Motor
Tampa
el Beneeneneneres
Glen Alden Coal
al Teck Hugh
Globe
Tob & al
Transamer Corp
Tri
Tri Utilities
Seeree Neenee
Guardian Fire
Tubize Chat Corp
Guenther
Twin Sta Na Gas A
Gulfil Corp
Ulen & CO
Houdaille Herps
Union Am Invest
Houston Oil Ane Eneneeaenene
Union Tobacco
Hudson Bay M
United Carr Fast
Humble Oil
Hydro el Ser
United Corp War
United Dry Pee
United Gas
BO Cde
Escenec Asiesens
Atestseneceese
Ins Co Nor Amrts
US & Int Sec
Do P Co
Laneawe
US & Overseas Oe
Internat
Internat Pet
Vte
Inter Salt
Utah Apex
Inter
Piccticrameesice
Utilaor & Lt
Boi Ccock Actacvuscimpaness
Sakesiceseeseiss
Vtility & Indus Wendee
Snes Cp
Irving
Wick Finance
Watson
J W) Co
Seeeween
Trength
Western Bank
Bond Market Review
L. A. Parrish
Financial Editor
Plus
United States Playing Card Company
American Laundry Machinery Co
Cincinnati Street Railway Co
Irwin-Ballmann Co. Investment Securities
Walnut Street
Missouri
Kansas
U. K. Francis & CQ
Dixie Terminal