Stocks And Staples Sag In Anti-Inflation Talk
New York city traders paused as Washington dampened inflationary hopes amid a light session. The Dow Jones average fell slightly, with Auburn advancing while General and Chrysler eased. Several issues posted minor gains or losses as investors priced in cooler inflation talk.
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New York
Washington
Financial
Wall Street
Standard Statistics Co
Auburn
General
Chrysler
Woolworth
Goodyear
Continental Can
Ligget & Myers
General Cigars
American Tobacco
Libby-Owens Glass
American Telephone
U. S. Steel
Bethlehem
Standard Oils
California
New Jersey
du Pont
Johns- Manville
Westinghouse
Western Union
Consolidated Gas
Case
McLellan
Preferred
Montgomery Ward
Sears Roebuck
U. S&s
Cerro de Pasco
American Smelting
Santa Fe
Union Pacific
Southern Pacific
N. Y. Central and Industrial Rayon
Cotton Drops on New York Market After Census Report
Cotton futures traded lower as holiday reports from Washington dampened inflation rumors. December slid to 12.39 before settling near 12.30. May touched 12.46 as initial losses narrowed. Census figures show September domestic consumption at 295,960 bales, with shipboard stocks around 92,000.
MENTIONED IN THIS ARTICLE
New York
Washington
Trade Or Commission
Census Bureau
New Deal Era Faces Utility Rate and Publication Tensions
Discussion centers on federal code for wage and hour rules affecting power companies and municipally owned plants. Officials push rate reductions via public funding while private firms resist, claiming regulatory limits. Tugwell plans another compilation, while Ickes chronicles nonstop writing amid public works efforts.
MENTIONED IN THIS ARTICLE
Ies
White House
Roosevelt
Wheat Slips as Inflation Talk Fades in Chicago Market
Chicago traders saw inflation discussions fade and grain prices fall with wheat down three cents and futures below one dollar a bushel at times. Bulls called the drop a natural correction after a previous rally while corn and oats followed wheat lower and traders noted corn supply concerns for the year.
MENTIONED IN THIS ARTICLE
Chicago
Cotton Declines In Short New Orleans Session
NEW ORLEANS October 13 cotton showed limited activity in a brief session with irregular prices and an overall downward trend. Factors pulling prices lower included weak cables, softer outside markets, liquidation by recent buyers, and inflation uncertainty. Prices rallied late by around 2 to 3 points on covering and the market closed steady.
MENTIONED IN THIS ARTICLE
New Orleans
Trading session shows falling prices across near and distant months
The day saw net declines of 8 to 9 points on near months and 10 to 14 points on distant positions. Opening was irregular with JT Averpool cables lower than expected. December eased to 12.37 at close after dipping to 12.32, March to 12.48 and May to 12.56 or lower.
MENTIONED IN THIS ARTICLE
JT Averpool
Washington Letter Light and Power Code Held Back for Election
In a Washington letter the Enterprise correspondent reports the electric light and power code remains stalled until after the election. The code, approved last June, would set wage and hour provisions that could raise utilities’ costs, delaying implementation as new dealers’ books flood the market.
MENTIONED IN THIS ARTICLE
Iikes
Ropney Dutcher
Enterprise Won
White House
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Hickory, N. C
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Gilbert
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