Market swings drive early gains as selling waves ease
Waves of selling hit industrials and utilities but fresh buying supported a recovery by midafternoon. Education shows mixed movement as rails rise with American Locomotive at a new high and Baldwin locomotive surging while coppers rally on demand. Governor Young's remarks on credit fail to dampen optimism.
MENTIONED IN THIS ARTICLE
Otis Elevator
Anaconda
Kennecott
Miami and
Nevada
U. S&s. Rubber
Goodyear
Trico Products
Grand Stores
Advance Ramely Common
Preferred
Lambert
National Cash Register
Stanley W. Prenosil
AP Financial
New York
Mar
Wall Street
Governor Young
Federal Reserve Board
Cincinnati
Time Money
Wright Aeronautical
Gelling
Russian Insurance
Johns Manville
Elelectric Auto Lite
Safeway Stores
International Combustion
Weber & Weilbroner
Baldwin Locomotive
Monthe
American Locomotive
Lima
Chicago live stock market closes with higher hogs and steady cattle
Hog prices rise to 12.15 top on 170 lb loads, with most grades 11.75 to 12.00. Cattle and calves show broad ranges with good and choice cattle 12.75 to 14.50 per 1100-1500 lb, yearlings 13.25 to 15.00, and cows 9.00 to 11.00. Lamb market mixed 16.40 to 17.60 for good quality, feeder lambs 14.85 to 16.65 while ewes and light lambs vary.
MENTIONED IN THIS ARTICLE
Chicago
Mar
USDA
Seaboard
Miami
Montgomery Ward
New York Central
LSS
Nor Amn Corpn
Nor Pac
Otis Steel Corp
Packard Mtrs
Lal
Penn Ry
Pierce Arrow
Radio Corpa
Ama
Reading Common
Remington Rand
Rep Iron and Steel
Ly Reynolds
Sears Roebuck
Sinclair Oil
Stewart. Warne
Studebaker Corpn
Tex Corpn
Willys Overland
Woolworth Co
Youngstown S and Tube
New York Cotton Opens Slightly Steady Amid Early Declines
Cotton opened barely steady in March 1948 with declines of 12 to 21 points on liquidation and selling. May and October contracts slid to around 20.8 and 20.19, while trade buying and covering later steadied the market, though activity tapered and midday losses stood at about 18 to 20 points.
MENTIONED IN THIS ARTICLE
New York
Mar
Wall Street
London
Continental
Bombay
Liverpool
New Orleans Cotton Dips on Liverpool Cables and Weather
The New Orleans cotton market opened easier on weaker Liverpool cables and favorable weekend weather. May, July, and October futures fell to new lows before some late covering. traders cited rainy western belt weather and ongoing liquidation as pressure. Industry commentary from major firms noted cautious buying and potential for higher prices, with several firms urging restraint and select purchases.
Market opinions and crop news amid falling wheat prices
Stock opinions from Pierce and Keech discuss buying in near and distant months with a bias to go long on recessions. Chicago reports show favorable domestic crop news, wheat prices averaging lower but finding support on declines as outlets absorb offerings. corn weak from the start. The Supreme Court of South Africa ruled judges salaries taxable.
MENTIONED IN THIS ARTICLE
FE. A. Pierce
F. B. Keech and Co
Chicago
Mar
The
Supreme Court of
South Africa
Florida race track to be sport center
Tampa Downs may be converted into a west coast Florida sport center for golf tennis polo and other activities. Montreal sportsman Leo Dandurand and Joe Cattoranich back the plan after acquiring Tampa Downs in 1926 for 17000. horse racing ceased in 1927 due to a Florida supreme court ruling on mutuel betting.
MENTIONED IN THIS ARTICLE
Tampa
Fla
Tampa Downs
Leo Dandurand
Montreal Spor
Tra
Joe Cattoranich
Boam
Florida
Fort Bragg Soldier Drowns While Fishing
Fayetteville N C March 18 Corporal William Boyd of Kelly Kentucky a member of the service battery of the fifth artillery at Fort Bragg drowned near the government pond Sunday afternoon when a sun boat in which he and a company Sergeant Brown were fishing from was carried over a dam Brown swam ashore but Boyd who wore heavy boots sank immediately His body had not been recovered early this afternoon
MENTIONED IN THIS ARTICLE
Fayetteville
N. C
William Boyd
Kelly
Kentucky
T Fifth Artillery
Fort Bragg
Brown
Brow
Boyd
Planes aid farmer in war on sparrows in Corcoran
In Corcoran California aviator Dick Gilkey has aerially scattered poisoned wheat over about 14 000 acres to fight sparrows that strip seed grain in the Tulare Lake basin. Thousands of birds are reported eliminated and some farmers must reseed land, though many expect yields to recover this year.
MENTIONED IN THIS ARTICLE
Corcoran
Cali
Lake Tulat
Dick Gilkey
Liverpool Cotton Prices Slump in Spot Market
The Liverpool cotton market on March 18 shows moderate activity with price declines across grades. American strict good middling hits 11.81, with good middling at 11.41 and 11.21 for strict middling, and other grades ranging from 11.01 to 9.71 for middling and ordinary levels.
MENTIONED IN THIS ARTICLE
Liverpool
Mar
Sugar steady in New York market with little demand
Raw sugar remained unchanged with nearby duty free Cuban sugar offered at 3.74 delivered, buyers showing no interest above 3.71. No sales were reported. Refined prices held at 4.99 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Chicago Livestock
Jno. F. Clark & Co
Commercial National Bank
Il Ok Allied Chem and
Esa
Oss Am Bosch
Cana Pac RR
Chesa & Ohio
Chic Nor West
RJ & P
Chrysler Corpu
Coca Cola
del and Hudson
First Natl
Fleischmann
Freeport Texas
Asphalt Il
Elec
Newee
Sk Ag
Gimbel Bros
Goodrich Com
Goodyear Tire
Gulf Mobile
Art Hudson Mtrs
Hupp Mtore
Kroger Gro
Lig and Myers B Ee
Loews Inc Ee
Aia TI
New Orleans
Uoder
General Electric Ltd
United Biscuit
Commonwealth Power Fed
Detroit Edison
Ford Motor
General Motors
Atlantic Fruit
Warner Quinte
First National Stores
Citroen
Williams and
E F. Hutton and Co
Hornblower
Weeks
U.S. Steel Common
JO. F. Clark & CO
Chicago Grain
Fishir
Sparror
Welborn
North Main Street
Lexington Avenue
North Hamilton
N. C. Hines, Inc. Auctioneers
Winston-Salem, N. C
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