Record High Steel and Electric Power Output Spark U S Industrial Gains
Record high steel and electric power output supported activity at high levels in the week, with mills hitting record tonnage for the third straight week and electric power consumption reaching a new peak. Wages rose broadly, with notable boosts for clothing workers and steel and railroad labor, while prices varied with some declines in select foods and increases in heating oil and appliances. Industrial output showed strength despite the war economy, as capacity use and production metrics stayed near year-ago levels with coal strikes still shaping comparisons.
MENTIONED IN THIS ARTICLE
U. S
G. A. Phillips
New York
Singapore
Canada
Oper
American Iron and Steel Institute
Selling Orders Depress TV Radio Stocks
New York stocks fell as selling orders hit motors and radio television shares, with declines up to 3 a share before partial recovery to 1 to 2. The drop followed federal Reserve Board limits on installment credit and FCC color TV broadcasts confusion. Major losses in General Motors Chrysler Studebaker Hudson Admiral Emerson Philco Radio Corp Zenith Motorola CBS A U S Steel U S Rubber J I Case Westinghouse Kennecott Copper Southern Railway Union Pacific Standard Oil U Gypums.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Federal Communications Commission
Columbia Broadcasting System
General Motors
Chrysler
Studebaker
Hudson
Admiral
Emerson
Philco
Radio Corp
Zenith
Motorola
U. S. Steel
U. S. Rubber
J. I. Case
Westinghouse Electric
Kennecott Copper
Southern Railway
Union Pacific
Standard Oi
N. J
U. S. Gypsum
Kriegman's Hat Bar Expanded by Kriegsman’s
Kriegsman’s local ladies ready to wear shop at 122 South Main Street has enlarged its hat bar. Mrs Hallie Scoggins will supervise hat sales and is known to many locals through her work with leading High Point stores. She returns from New York with newly selected stock for display.
MENTIONED IN THIS ARTICLE
Kriegsman’s
South Main Street
Hallie Scoggins
High Point
New York
Industrial rates and market jitters headline weekly review
Rates and production at paper and paperboard mills stayed high while the stock market remained unsettled though with rallies. Quoted values fluctuated to about 750 million by week end as banking data showed business loans climbing to a record 15.925 billion, surpassing prior peaks by 206.9 million.
Security Quotations From NASD Sources 1930
Unofficial bid and asked prices from the National Association of Securities Dealers and other sources. They guide approximate ranges for potential sale or purchase at compilation time 10 12 30. Origin of quotations available on request.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Acme
Alabama
Alabama Mills
Rae
American Enka Corp
American Marietta Co O
American Trust Coweree
Aly Am
Atlanta Gas Lt Co
Auto Finance Co
Auto Fin Co
Bank of Manhattan
Bassett Furn
Bausch & Lomb
Black Straits & Bryson
Blue Bell
Bi Rdgins Co
Shelby
Buffalo Eclipse Corp
Butler's Inc
Butler
Colnl Stores, Inc
Joinl Stores Inc
Creamry Pkg
Mfg Co
Dan River Mills
Dan Riv Mills
Dixie Home Stores
Douglas & Lomason Ee
Drexel Furniture Com
Dan & Bradstreet, Inc
Edison, Thomas A
Ero Manufacturing Co
Erwin Cotton Mills
Ats
Frmst Dairies, Inc
Frmst Dairies
Gamble Brothers
Garfinckel, Julius & Co., Inc
Morganton Furnt Co
Munising Wd Prod Co
National City Bank
Nat'l Fire Ins Co
Nat'l Food Prod Corp
New Britain Mach Co
Newport Steel
N.C. Railroad Co
Occidental Life Ins Co
Ohio Water Service Co
Oswego Falls Corp Eee
Peninsular Tel Co
Peoples Savings Bank & Trust Co i
Piedmnt & Northrn Rwy
Piedmont Aviation
Etersee
F Mills Semae
Potash Co of
Amereaee
Pyramid Life Ins Co
Robertson
Rose
Rulane Gas Co
Seaboard
Security Bank of Grbro
Saco Lowell
Saeewe AL Solar Aircraft
Eee
Arts
Southern Webb Mills
Spindale Mills
Standard Stoker Co
ALS
Strmbrg
Carlsn Com
Com Textiles, Inc
Thiokol Corp
Tidewater Pow Co
Towmotor Corp
Wee Reese
ATRL
Victor Prod Corp
Wees van Camp Sea Food
Wachovia Bnk & Trst Co
Wy Warner & Swasey Co
West Point Mfg Co «P
Wilmington Savings & Trust Coeeeee SL Winn & Lovett Gro Stres
New anti inflation steps prompt bankers to brace for action
Washington has taken six steps toward curbing inflation and defense production with a possible seventh move aimed at banks and consumers. bankers expect a credit squeeze by raising bank reserve requirements and freezing $2.5 billion of lending, while officials debate targeting money flow through the banking system.
MENTIONED IN THIS ARTICLE
New York
Washington
Federal Reserve Board
Marriner S. Eccles
Chicago
Federal Reserve
Congress
Treasury
American tung oil outpaces Chinese drying in Gulf paints
American tung oil from Gulf area trees shows higher activity as a drying agent in paints than oil sourced from China, indicating superior performance for local manufacturing applications.
MENTIONED IN THIS ARTICLE
Gulf
China
Also Mentioned on This Page
Ver 35
Eckerd
Kriegman
High Point, North Carolina
State OF North
U. S. Government Securities
Member
Federal Deposit Insurance Corporation
the Business Mirror
By Sam Dawson
Korea
United States
America
Adams
Alleghany
At&t
Arm & Co
B&o
Bendix Aviat
Beth Steel
Boeing Airpl
Borden
Borg Warner
Budd Co
Burl Mills
Calumet & Hec
Cato P&l
Champ P&f
Ches & O
Coca Cola
Colum G&e
Consol
Curt Wright
Davison Chem
del Lack & W
Doug Aire
Cow
DuPont
Eastman Kod
Elec Auto Lt
Firestone
Freeport Sul
Elec
Gillette
Goodrich
Goodyear
Graham Paige
Gt Nor Ry Pr
Hupp Corp
Cent
Int Harvest
Nick Can
Nat Pow & Lt & NY
North Amer
Wor Pac
Ohio O
Otis Elev
Pac G&e
Packard
Penney JC
Penn-Dix
Penn RR
Pepsi Cola
Phillips Pet
Pitt Scr&b
PuHman
Repub Sts
Reynolds B
Sears
Socony Vac
Sou Pac
Sou Ry
Sperry
Stevens JP
Stewart Warner
Swift
Tex Co
Tex Gulf
Timken
TransAmerica
Trans & West Air
Union Carbide
Union Pac
United Airl
United Air
United Corp
United Fruit
CS Pipe
US Rubber
Smett & Ref
Va Caro Chem Warner Pict
West Mary
Cecile Aubry
The
Center Theatre
Thomasville Florist Association
Ellington Florist
Elliott
Grace Flower Shop
Nelson Florist & Decorators
Stroud’s Florist
Whitlark's Flower Shop
William
Wright
Ruby’s
S. Main ST
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