Stocks Break and Recover Amid Mixed Market Movements
The market shows initial declines in smelting and copper stocks with renewed pressure from tariff talks. Banks suffer a $21 million currency drain as Panama Canal bond payments rise, while a late rally limits losses and bets on potential loan reductions. Exchange rates drift with ongoing gold export questions.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Congressional Committee
Financial
Steel Corporation
Stock Exchange
Money on Call and Exchange Rates in Market Summary
Money on call on the Stock Exchange loaned at 3 percent, with most loans near 3 percent. Time money ranges 3 34? percent for sixty days and up to 5 percent for five and six months. Mercantile paper 3 4 percent for sixty to ninety days and higher for longer terms. Clearing House shows exchanges at 355,091,294 and balances at 14,690,623. Sterling firm around 4.8695 and 4.8735 per dollar. Continental bills quoted for francs and reichsmarks with premium and discount notes. Exchange on New York at Boston par, other cities varied by premium.
MENTIONED IN THIS ARTICLE
Money and Exchange
Stock Exchange
Mercantile Paper
Clearing House
Treasury
Sterling Exchange
Reichsmarks
Ilders
New York
Boston
Chicago
St. Paul
St. Louis
New Orleans
San Francisco
Silver Quotations and Mexican Dollar Prices
Bar silver stood at 224%d per ounce in London and 48%c in New York. Mexican dollars were priced at 45c.
MENTIONED IN THIS ARTICLE
London
New York
New York City Bonds Quoted With Varied Yields
Bond quotes from New York City show bid and asked prices across different maturities and series. Dealers list figures like 4s May 1957 at around 105 to 112 and 4s Nov 1958 near 108 with varied digests and registered notes.
MENTIONED IN THIS ARTICLE
Stock Exchange
Imp Jap
Inter-Met
Stelios
Interborough
Ocerces
Sterl
Mexico
NY City
New York City
Etek
Metal prices hold steady on local exchange amid dullness
Local metal market shows little change as prices largely steady on the Metal Exchange yesterday. London copper slips 2s 6d while pig tin falls 5s. lead and spelter unchanged. Cleveland warrants steady. New York bids and asks offer a mixed picture for spot delivery with various electrolytic and other grades cited.
MENTIONED IN THIS ARTICLE
London
Metal Exchange
Cleveland
New York Metal Exchange
Pittsburg Exchange Closing Stocks and Bonds
Special to The New York Times reports the Pittsburg Exchange closing transactions on December 18 with prices for Crucible Steel Fireproof Ind Fireproof pf Indep Brewing Mfrs Light & Heat Pittsburg Coal pf Plate Glass River Coal pf Sewer Pipe Union Switch S Steel pf and McK. & Conn. 6s bonds showing last and high low values for the day.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Crucible
Wees
Indep
Light & Heat
Pittsburg Coal
Pitts
River Coal
S, Steel Pf
McK. & Conn
Trading in Baltimore Mixed as Quoted Markets Hold Steady
Baltimore quotes show steady gains with Consolidated Gas Electric Light and Power common up four points and Houston oil leading activity. Bonds and listed securities trade at varied highs and lows with numerous issues including Con Gas E L P and other regional names showing small shifts amid overall cautious demand.
Chicago Stocks End Mixed on Light Liquidity
Light liquidation on the Chicago Exchange with American Can preferred slipping before midday and several issues like Illinois Brick and Carbon down about one to one and a half points. Subways and Swift shares showed minor moves with mixed results while other listings such as National Biscuit and Quaker Oats posted marginal gains or steady prices.
MENTIONED IN THIS ARTICLE
Standard Oil
Chicago Subway
Union Ferry
Goldfield Daisy
Silver Queen
Cobalt Central
Rawhide Coalition
Kerr Lake
la Rose Consolidated
Chicago
New York Times
Can Preferred
Illinois
Subway
Swift
Cataratais
Chicago Seed Tool
Chicago Bys
Chicago Title & Trust
Com. Edison
Quaker Oats P
Sears Roebuck
Sears Roebuck Pf
Swift & Co
Paingiegese
Also Mentioned on This Page
A.b.leach&co
Broadway
Fisk & Robinson
New York Stock Exchange
Cedar St
State St
Adams S
Colorado Southern
Amer
Tobacco
Ice Co
Central Leather
Mabon & CO
Meathers
Wall
Han
OHO Copper CO
First Mortage
Bingham
Utah
Utah Copper Company
New Electric Properties
U. S
United
Ene Southern & Atlantic Telegraph
NEW London & Northern
Bank and Trust Co
J. K. Rice, JR. & CO
Wall Street
New
Cram, Mulliken & CO Bankers
Congress St
W.l.lyons & CO
New York Cotton Exchange
Tire Board of Tradesville Stock Exchange
New Amsterdam Gas
New York & E. River Gas
Northern Union Gas
Kings Co. el. St. & Power
Edison Elec. Ill
Tel
Alicente
Broad ST
Schmidt &Gallatin
Investment
N. Y. Stock Exchange
Lil Broadway
N.W. Harris & CO
Pine Str
York
Bonds & Stocks
Plympton, Gardiner & Co
New York Stock
Exchange
William St
Wm. A. Read & Co
Nassau Street
Baltimore
Lr. Chute & Prank Bankers
Nassau ST
Brown, Brothers
Philadelphia
Hornblower & Weeks
Consol
Ban
Texas
Air Line
Wat
N. Collat
Rake O Reeves
Ping
Panama
American Beet Sugar Co
American Iron and Steel Manufacturing
Cumberland Telephone and Telegraph Co
Empire Steel and Iron Co
Homestake Mining Co
Interborough Rapid Transit Co
Old Dominion Steamship Co
Standard Coupler Co
Western Union Telegraph Co
Calumet and Hecla Mining Co
Lindsay Light Co
Honduras
Rosario C. North Butte Mining Co
Old Dominion Co
Maine
Bowker
Consolidated Exchange
Allis Chalmers
Amal, Conese
Her Ag
Zon
C. & Pas
Am. Cot. On. Oe
Am. Smelt
Balt. & Ohio
Brook. R. T
Cen. Pacific
Col. & South
Iden
RB. G
Col. Fuel & I
Inter. Met. Pf
Tll
Central
Louis, & N
Mo. Pacific
Os Lead
Ae Ie Ye YY
Ber
Ne . Steel
Wabash Ures
Wabash Pf
Wis
Comstock
Elkton
Gould & Cur
Goldf
Goldfield
Hale & Nor
Teadhille Pyr
Sy Sierra
Quy
Amalgamated
Lake
Curb Trading
Amerag Ors Renee
Am. Car & Foundry
Am. Car & Found
American
American Express
Hide & Leather
Hide & Leath
Ice Securities
Amer. Smelt
Am. Smelt. Sec. Pf. B
Am. Steel
American el. & Tel
Amer. Tobacco Pf
Atch
Top
S. F
S. F. Pf
Atlantic Coast
Brook
Brunswick City
Canadian Pacific
Central Leather Ae
Chicago & Anes
Esssee
Colorado Fuel & Iron
Colorado & Southern
Colum, & Hock.c.& I
Consolidated Gas
Delaware & Hudson
del., Lack & West
Denver & Rio Grande
Den
Rio Grande Pf
Distillers’ Securities
Aoe Ign One
Erie St
Pes Iscante Sene
Erie
Mente Cet
Federal M. & S. Pf
General Electric
Great Northern Pf
G. N. Certs
Ore Tod
Havana Electric
Illinois Central
Interborough-Met
Iowa Central
Kan. C
Kansas "City South
Louisville Nash
Oss
Mackay .Cos
Eibed Ress
Mackay Cos
Manhattan
Mercantile Marine
Mercantile Marine Pf
Mexican Central T. R
Minn
St. P
National Lead Co
Nat. Lead Co
Newhouse
N. Y
N. Y. Central
N. H. & Hart
N. J. Tel.rgts
N. Ont. Jy West
Norfolk & Western
North American
Northern Pacific
N. P. Reds
Pacific Coast 2d Pf
Pacific Mail
Pennsylvania R
R’way
R'way Steel Sp
Rep
Iron * Steel
Iron & Steel Pf
Rock Island Co
Rock Tenant Co
St. Louis Southwest
St. L. Southwest
Sloss-Shef. & Iron
Southern Pacific Pf
Southern R’way
South
Texas & Pacifiees Ae
Texas Pac
Tol
St. L. & West
Union Bag & Paper
Union Pacific
Union Pacific Pf
United Rys. Inv
Seat Tse
United Rys
Realty & Imp
S. Rubber
WU. S. Rubber
U. S. Steel
Adams Express Col
U. S. Steel Pf
Utah Copper
Va.-Caro. Chemical
Va.-Garo. Chem. Pf
Vulcan
Wabash
Ute
Maryland
Central Foundry
Union Tel
Central Foundry Pf
Westinghouse E. ‘&M
Central Foundry of
Wheel
Lake Erie
L. E
HORNE
Wisconsin Central
Fee Rere
Wisconsin Central Pl
Douglas Copper
Ghrous Mining ccc
Havana Tobacco
Boston & Corbin
Havana Tobacco Pf
Butte Coalition
Indian Valley Con
Calumet & Arizona
Cerr Lake
Mercur
Anhatta
Dasor Vailey
Daly-West
Ficm
East Butte
Elm River
Darragh
Franklin
Granby
Greene-Cananea
Evada- A
Isle Royale
Niplesingines Co
North F .c
la Salle
Ohio Cor
Mass
Searchligi.c M. & S
Mayflower
Miami
C.ceees
Michigan
United Ceer Teevescees
Mohawk ‘ Yukon
Nevada Con
North Butte
Old Dominion
Osceola
Quincy
Rhode
Island
Shannon
Superior
Tamarack
Trinity
Utah Apex
Utah Con
Victoria
Wolverine
Wyandotte
Am. Tel. & Tel. Co
Coast Line
Chi
West
Ind
St. L
Wrooro
Terboro
New York Central
Orfolk & Western
Outside Securities
Bay State Gas
Standard Salt
Chi, Subway
Arizpe Copper
Boston Copper
Butte Coalit’n
Butte & N. Y
Con. Ariz. S
Cum.-Ely
D.-D
Dom
Douglas
Florence
F. Creek
Giroux Mining
Daisy
Greene-Can
Val
King Edward
la Rose
Micmac Mines
Am WO
Tonopah
the Lion
Tayra Dev. Pf
United Cop
Utah G. & C
Yuk, G. Mines
Ely Central
el Rayo
Eureka Copper
Eureka Pf
Nip. Mines Co
Butte
Orphan
At. Co. L
Gulf & Ww. Indies
Brazil
Beate of
San Paulo
U. S. of Brazil
State of Law
Havre
Hamburg
Jundiahy
Rio
Rio No
Aubust
T.&t
Boston Elevated
Boston & & Maine
Eis
Aeaeee
Boston & Wer
Feius
Dia Colony
Pacific
Ag. Chem
Pneu
Pullman
Heattle Bloc
Swi
Oae
United Shoe Mach
Shoes Mach
U.8
Steel
U. 8
Adventure
Ache Atiouar
Anaconda
Ocees
Aremdan
Arigen
Einietes
Allis-C Chalmers
Canaan
Ches A
Ches
Ou Os
Seseeseves
Acka Steel Sa
S & Mich So
Irgn
Wks & Devg
Aer 4S
Speyer
Kk & Ts
Ob & O
Er & E Pur Money
Erane
Ween Ee Sd Fos Eee
Vuy
UCOL
Fiat
Denis Tite
Col & So
Consol Gas Co
Lize
Peewee
Vaerseeee
Pace
Rai
Weeny
UN. T
Oo & C. Pt. C. Cleve. &Pt.pe
Jee
C. R
St. R
Pec Pitt
Rt. W
Cksiver Ea
Cksilver
Pf U
Li A
Ao &C
Bee OU 'Ego
F &D
Aga
iSo
U. Cc. M. Pf
U U. S
Peti
Westingh'se
W.&t
Minneapolis
Southwestern
Texas & Pacific
Baltimore & Ohio
Buffalo & Susquehanna
Keystone Telephone Company of
Inte
Seater
Pac Ist
San Fras
Nee
Corp Inke Ae
Weere
Feeeeres Iyer i
Ieciess
St Shore
Westingh el
Tni
Unite
Vee
Pittsburg Transactions
Consolidated Gas, Electric Light and Power Common
Houston Oil
Con. G
Con
C. & Aug
Detroit United
United Rys. Inc
Midland 5Th
West Va
Continental Trust Pe
Con. Gas
Northern Central ‘Houston Oil
Beaboard Co
Citizens’ Bank
Mercantile Trust
Fulton Trust Co. OF
W York
Guaranty Trust Co
Lombard-$t
E. C
John W. Castles
Insurance & Trust Company
All Trust Co