Bears Force Retreat on Dividend Doubt Driven Market
The market slipped early but rallied as shorts covered in rails and key industrials rose after dividend doubt sparked brief turmoil. U S Steel and General Motors moved narrowly while Allied Chemical jumped on a strong annual statement and several issues climbed. The bond market firmed with credit ample and the official rate falling to 1 percent, a first since 1915.
MENTIONED IN THIS ARTICLE
Claude A. Jagger
Associated Press
New York
Pi Bears
Shorts
U. S
National Cash Register
Allied Chemical
New York Central
Baltimore and Ohio
McKeesport Tinplate
Westinghouse Electric
Stone & Webster, Drug, Inc
Worthington
Vanadium National Surety
Montgomery Ward
Sears Roebuck
Associated Dry Goods
Safeway
Radio
Goodyear
American Can
Southern Pacific
New Haven
Dupont
U. S. Steel
General Motors
New York Cotton Opens Steady to Lower as May Falls
New York cotton opened steady to 7 points lower amid weaker demand and global concerns. May slipped to 10.91, October to 11.44, with a Census Bureau ginnings report hinting at a crop drop of 313,000 bales. Prices recovered some midday, aided by local buying and steadier stocks.
MENTIONED IN THIS ARTICLE
New York
Census Bureau
Liverpool
Manchester
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Elotel Lincoln
Eighth Ave
44Th
45Th Streets
Times Square
Lincoln
Florida
Pillsbury
Shull
Suds
Stollen
Bacon
Wilson's Certified
Mackeral
Hutchen’s
Chicago
Mar
United States
Canada
Marquez, N. M
Lee Evans
New Mexico
Etamps
France
Paris- Bordeaux
Steuart, Son & Co., Inc
Baltimore, Md
EFIRD
Stehli
Angeletts
Batiste
Rhaca
New Wash
Cc Scout
Nebel
Hudson
Efird’s Dept. Store
New
Fifth Avenue
Efird’s Department Store