Bank Lending Slows In Second Quarter 1951
Federal Reserve data show bank loans rose sharply in the first half of 1951, up $2.192 billion to $47.493 billion, led by business loans at $1.63 billion. The pace slowed in the April-June period, with consumer lending barely budging and real estate loans rising $452 million to $10.973 billion, the smallest June-June increase since 1949.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Railway Express Agency
Air Express
United States
Metals Allocation Violators Warned by Defense Official
Manly Fleischmann, defense production administrator, warned that court action may follow willful violations of the metals allocation plan used to distribute steel, copper, and aluminum. The National Production Authority is auditing about 1,000 firms for compliance and will report willful breaches to the Justice Department for possible criminal or injunctive action. Hearings will determine withdrawal of allotments and priority assistance for violators.
MENTIONED IN THIS ARTICLE
Washington
Manly Fleischmann
Defense
Fleischmann
National
Justice Department
Citrus Prices Steady in Los Angeles Market Report
Los Angeles reports citrus prices with grapefruit steady and lemons strengthening. Fancy wrapped oranges and lemons show varied per box and per crate quotes, local loose orchard runs and packed lots noted. Coachella Valley and Arizona sizes influence values, with per box quotes listed for 54s and larger and 176-200s at 4.50.
MENTIONED IN THIS ARTICLE
Los Angeles
Federal State Market News Service
Arizona
Coachella _ Valley
Hake Om
Cash and clothing show mixed 1951 trends
A leading clothing maker forecasts stronger retail men’s wear demand by early fall despite defense work cuts. Max Udell Sons & Co. cites rising consumer income amid full employment and shrinking durable goods due to controlled materials, while a Wall Street Journal survey shows mixed profits across 365 industries with oil up and autos down.
MENTIONED IN THIS ARTICLE
Jerome S. Udell
Max Udell Sons & Co
Wall Street Journal
Stock Exchange Prices and Dividend Notations
New York August 6 follows a table of traded stocks with symbols and notes on dividends splits and cash or stock values. The list explains symbols for ex-dividends paid, stock dividends, accumulative issues, and dividends payable in future periods.
Exchange Rates Report From New York Aug 6 Here Are Major Currency Quotes
Foreign exchange rates listed for Great Britain Canada Belgium France Italy Sweden and other nations with dollar or cent based quotes. The report notes slight changes or unchanged figures across various maturities and currencies including the Canadian dollar 95.06 percent value and the British pound futures near 2.8044. It also lists Argentina Brazil Mexico Venezuela and Portugal quotes with small adjustments and stability in most entries.
MENTIONED IN THIS ARTICLE
York
Great Britain
New York
U.ance
Belgium
France
Italy
Sweden
Switzerland
America
Argen
Brazil
Mexico
Enezuela
Metals prices in New York and regions rise slightly
Spot non ferrous metal prices today show copper up four cents a pound in Connecticut Valley lead at seventeen cents a pound in New York zinc at one seventh of a cent a pound in East St Louis with a slight regional movement noted by AP reporting from New York and Austria likely abbreviation Aus.
MENTIONED IN THIS ARTICLE
Metals
New York
Connecticut Valley
East
St. Louis
Turpentine market reports steady offerings and receipts
SAVANNAH GA Aug 6 AP turpentine market report shows offerings and sales at 6714 with no sales. receipts 93. shipments 62. stocks 3 324.
MENTIONED IN THIS ARTICLE
Savannah
Aroused Rails Lead in Defense Bill Approval
In New York on August 6 AP reports industrial stocks hit highs unseen in over two decades as rails rallied late, led by Northern Pacific. Utilities supported near 20 year highs after some profit-taking, with late-session strength tied to House actions approving roughly $57.6 billion for defense in 1951 1952.
MENTIONED IN THIS ARTICLE
New York
Northern Pacific
House Appropriations Committee
Armed Services
Livestock market notes from Los Angeles Kansas City Chicago and more
Livestock markets across major cities show steady to firm prices with active demand. Cattle, calves, hogs, and sheep trade mixed by region, with high quality fed steers and prime slaughter cattle strongest, while cows, bulls, and lighter weights linger. Regional reports list bid ranges, loads, and notable prices for steers, heifers, calves, hogs, sows, and lambs, reflecting varied supply and market tone.
MENTIONED IN THIS ARTICLE
Los Angeles
Kansas City
USDA
Novite
Chicago
Grains Drift Quietly as Corn Strength Holds
Chicago August 6 AP grains drifted with small price moves on the Board of Trade. No major news spurred activity. corn remained firm due to cash demand and light receipts. Wheat and oats eased modestly. soybeans dipped slightly. lard fell a few cents.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Switzerland
KC Livestock Mart Reopens After Flood Shutdown
Kansas City Missouri August 6 livestock exchange rebuilds after three week flood closure. Receipts ranged 2500 to 3000 cattle and 1500 hogs with sheep shipments expected next week. Sheep pens were nearly demolished in the flood.
MENTIONED IN THIS ARTICLE
Kansas City
Cliff Kaney
The
Livestock Exchange
Coca Cola six month earnings rise 3.00 a share
The Coca Cola Company and subsidiaries report net income of 12,816,041 for the six months ended June 30 equal to 3.00 a share, down from 3.42 a share last year. quarterly net income was 8,197,404 or 1.92 a share vs 2.19 last year. Other firms listed include Colonial Stores, Consolidated Natural Gas, and Anaconda Wire among numerous six month results.
MENTIONED IN THIS ARTICLE
New York
Coca- Cola Co
Lake
Colonial Stores, Inc
Easy Washing Machine Corr
Affiliated Gas Equipment Co. Inc
American Laundry Machinery Co
Anaconda Wire and Cable Co
New Jersey Zinc Co. and Subsidiaries
Belden Manufacturing Co
Tee Products Co
Ee . Ene Ees Inc
Une
Lamson and Sessions Co
Style al Ae Co
Eecific
Western Oil Corp
Higg
Coke Co
Pacific Public Service Co
Oe Oil Co
New York Wholesale Price Index Dips to 1951 Low
The Associated Press reports the weighted wholesale price index for 35 commodities fell to 192.00, a new 1951 low, from 192.31 the previous day and 193.03 last week. The index shows the year’s highs and lows and compares with 1926 average figures.
MENTIONED IN THIS ARTICLE
New York
The
Dividends Declared by Nickel Co of Canada and GM
Nickel Company of Canada declares a 50 cent dividend on common stock payable September 20 to holders of record August 21. Previously 40 cent payments were made in earlier quarters with an extra 40 cent last December. General Motors directors declare a $1 per share dividend on common stock to be paid September 10 to holders of record August 25.
MENTIONED IN THIS ARTICLE
arWd
Ser Ee
A. Bey
Safena
Abbott
Sues Tespest
Genpcemaa
Seabani
AirReduc
Uni
Aldensi
Seiber Seeger Ubl Fr
Et Ae GoebelBrw
mLocola
Heydench
Idaho
Su Riorstl
AmWoolenSs
Armour&Co
Mkdta
Toled Bril
Baldlimah
Trans Airanas
Ohio
Xelonap&li
Transami
la Balt
UnitBiscl
lawKnoxlappe Co
Bliss -W
Uniteicor
Calum&Hee
Acy
Agnavox
VaEl&Pwi
MantiSuaracOi
Walgreeni
arrierCpib
arineMid
Walworth
Ayne Pire
Idsu innHonig
Ly Childsenpf ChiRi&Pac3
YoungSp
Col&s
NehiCorp
CraneCo
Nystae
DixieCape ParkUtth
duPondl
EatonMfeza
Autoltesa
ElecBoatia
Istorbatig
bhiottCola
Philipo Rab Petz
FruehTrazh GabrielCo
Richie el
General Motors Corp
The
Nationalers
Amer
Ntu
Gas Indus
NS Putnam Fund
Republic
Tech Fund
Televis
New York Curb Exchange Stocks Close Prices Listed
The AP reports a selected list of stocks traded on the New York Curb Exchange today with numbers of shares in hundreds and their closing prices. The list highlights activity across several firms and shows investors the latest closing figures for the session.
MENTIONED IN THIS ARTICLE
NEW_ YORK
New York
New York_Curb Exchange
Butter and eggs prices and receipts in Chicago market
Chicago reports butter steady with two day receipts totaling 932 615 and wholesale prices up a cent. Egg prices steady to two cents lower with ten day receipts 14 402 and U S extras at 53 54. Live poultry shows steady receipts 22 loads with frying prices up a cent per pound.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Large Cotton Output Seen Futures Dip
New York August 6 1951 cotton futures fell on liquidation and hedging as ideas of a large crop and stalemate in textile markets weighed. Government estimate due Wednesday. private estimates near 17.15 to 17.45 million bales. Late trades showed declines of 35 to 60 cents per bale from prior close.
MENTIONED IN THIS ARTICLE
New York
New York Cotton Exchange
Bonds edge higher in light trading amid mixed Treasury notes
New York Aug 6 bonds edged up in light trading with fractional gains. Government issues held firm near session close while longer maturities saw some demand. Corporate issues such as Bethlehem Steel and Commonwealth Edison rose, while American Tel & Tel and Northern Pacific 4s traded lower. Bond averages showed mixed weekly and monthly shifts.
MENTIONED IN THIS ARTICLE
New York
Bethlehem
Steel
Hudson & Manhattan
Northern Pacific
Wool Market Firm as Wool Tops and Futures Rally
In New York on August 6, wool tops and futures gained on short covering and rising demand for wool goods. Estimated wool tops sales reached 155,000 pounds with futures up several cents and various contract quotes listed, including October and December maturities.
MENTIONED IN THIS ARTICLE
New York
Cottonseed futures mixed as trade holds steady in New York
The New York cottonseed market reports futures at 16.92 for Sept and Dec and 16.92 for March with May bids around 16.33 to 16.83. AP dispatch notes sale activity across 201 contracts with steady demand and varied bids.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Local Securities
Tru
Douglas Poe
First National Bank
Title & Trust
Alley National Bank
Zona Edison Pate
Ariz
Cen Ariz L&p A
Cen Ariz L&p Pf
Cen Ariz L&pp Pf
Tucson Gas
el L&p
Ares Waters Incorporated
Southwest Lumber Mills
Guiberson
National Metal & Steel Corp
Terminal Island
Los Angeles Harbor
Calif
Nevada
International News Service
Associated Press United Press
Preston Delano
George S. May Company
Business Western
Geary Street
San Francisco
Manuaaeenceee
Phoenix
N Gas
Electric Light Co
Arizon South
Benton M. Lee
Ficks & Tompane
New York Stock Exchange
North Central Ave
van Buren
Mesa
South Macdonald Investment Advisors
N. Y
Es Fay Mmareat
Angeles
Flax
Minneapolis
Ang
Dow-Jones
E. F. Hutton and Company
Associated Press
KC Livestock Mart
Alaska_ Air
Eureka
Pennroad
Marac
Fairchild E& A
Republic i Meter
Polaris Mn
Ford
Hell C Gold
Barium
Humble Oil
South Roy
Bank Hill
Td Oil Ky
Burma Ltd
Bel i le Tourneau
Lone Star G
Jarrett Cp
Barry Bis
Louis L& E
Technico
Cale A 'Mead John
iTri Cont
Marconi al el
Mesabi
jUnit Aire
Catalin
Midvale
Nat ‘Trans
W. Monroe
Burke Payne, Pres
Lloyds
Guaranty Insurance Agency
Les Jones
A. Brygger
Ellis & Yarrow Investment Securities
Wool Market
Luhrs Building
Seagram Distillers Corp
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