Feasibility of Feast Edition Stocks Drops Amid Light Receipts
Grain prices on the Chicago Board of Trade edged lower or steady as cash receipts remained light and trading was slow. Wheat fell fractionally, corn rose modestly, oats and soybeans were mostly unchanged, with futures steady despite no new market catalysts. USDA projected world wheat and rye production near the 1950 large crop level.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
United States Department of Agriculture
Cotton futures ease on hedging amid mixed crop signals
New York August 6 cotton futures opened down 65 cents a bale as traders sold while mills bought to cover export needs. Prices showed a narrow trading range with Oct at 34.21, Dec 34.20, March 34.22, amid two private crop forecasts pegging 1951 U.S. production around 16.8 to 17.1 million bales and reports of heat in Texas affecting yields.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Texas
Dallas
Abilene
Clothing maker predicts fall gains despite defense curtailment
Max Udell Sons & Co chief Jerome Udell argues consumer income will rise due to full employment while durable goods supply tightens under controlled materials limits. He predicts stronger demand for soft goods like clothing as defense output slows. Wall Street Journal survey shows industrial profits down 1.5 percent in Q2, oil firms up 90 percent, autos down 46 percent. Railway Express reports air express shipments up 13 percent in H1 1951 with 63 percent higher gross revenue due to heavier shipments.
MENTIONED IN THIS ARTICLE
Jerome S. Udell
Max Udell Sons & Co
Udell
Wall Street Journal
Railway Express Agency
Air Express
United States
Appointment Confirmed for Undersecretary of Navy
The senate confirmed Francis P. Whitehair of Florida as undersecretary of the navy, succeeding Dan A. Kimball. The action was announced from Washington on August 6 by AP.
MENTIONED IN THIS ARTICLE
Washington
Senate
Francis P. Whitehair
Florida
Navy
Dan A. Kimball
Plane Saves Trip Stranded On Mountain
Three explorers marooned on Mount Hubbard in Alaska since July 27 by the disappearance of the expedition plane were rescued Sunday by an American Air Force C-47. Walter A. Wood, his son Peter, and Robert Bates were saved. Wood led Arctic Institute ice studies. Two other expedition members, Wood’s wife Valerie and Maurice King, plus the missing Norseman plane, remain unaccounted for.
MENTIONED IN THIS ARTICLE
Juneau
Alaska
INS
Mount Hubbard
Walter A. Wood
Far Hills
N. J
Peter
Robert Bates
Boston
Wood
Arctic Institute
Valerie
Maurice King
Korean War Bride Weds in Taegu, Plans Hawaii Life
Mrs. Insook Choi Mosher becomes the first war bride aboard the Ball Express during the Korean War. Master Sgt. Maurice W. Mosher of Glenn Lyon Pa. earned the Bronze Star and Oak Leaf Cluster with the 24th Infantry Division and is recommended for the Silver Star. They wed in Taegu and will reside in Hawaii.
MENTIONED IN THIS ARTICLE
Insook
Choi Mosher
U. S. Army
Ball Express
Maurice W. Mosher
Glenn Lyon
24Th Infantry
Taegu
Hawaii
Merck News Lifts Cortisone Claim Amid Market Fluctuations
New York stock activity faded after early gains as prices slipped slightly in several sectors while gains offset losses. Merck rose $3 to 106 after announcing a new cortisone production method from four abundant substances, contrasting with declines in U S Steel General Motors Goodyear Boeing and other key names.
MENTIONED IN THIS ARTICLE
New York
MERCK
Associated Press
Tour of Malaya Begins To Boost Rubber Powder Output
Warren S. Lockwood, chief of the Natural Rubber Bureau in Washington, started a 12 day tour of Malaya to conclude an agreement with producers for increasing the output of rubber powder.
MENTIONED IN THIS ARTICLE
Singapore
Warren S. Lockwood
Natural Rubber Bureau
Washington
Malaya
Bonds drift in light New York trading day
Corporate bonds moved listless in light trading with fractional changes. Government bonds held steady in the over-the-counter market as dealers noted light near-term sales and narrow gains in late sessions.
MENTIONED IN THIS ARTICLE
New York
Southern Pacific
Trecine
Hudson & Manhattan
Northern Pacific
Also Mentioned on This Page
Guiberson
National Metal & Steel Corp
Terminal Island
Los Angeles Harbor
Calif
Los Angeles
Nevada
International News Service
The
United Press
George S.may Company
Western Division
Geary Street
San Francisco
America
TLE Rettonal Company
Phiauaainice
Phoenix
Arizona
Benton M. Lee
Ficks & Tompane
New York Stock Exchange
North Central Ave
van Buren
Mesa
South Macdonald Investment Advsors
Albert C. Wedemeyer
Presidio
Sam
Tokyo
Telesnoto
Kansas City
Kans
South Koreans
Kaesong
Seoul
Korea
Hamilton
ROK
38Th Parallel
United Nations
Santa Fe
U. S. Steel
General Motors
Goodyear
Boeing
Anaconda Copper
American Cyanamid
Allied Chemical
International Paper
Baltimore & Ohio
Sinclair Oil
Paramount Pictures
Dow Chemical
Westinghouse Electric
General Electric
Woolworth
Zenith Radio
Ellis & Yarrow Investment Securities
Darlene Shaffer
Boeing Aircraft
Seattle
Atlantic City
Applewrite
Luhrs Building
W. Monroe
Burke Payne, Pres
Lloyds
Guaranty Insurance Agency
Les Jones
A. Brygger
Wy, Poyern
Seagram Distillers Corp
N&y
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