Treasury and Fed Reach Accord on Interlocking Debts
The Treasury and Federal Reserve Board announced a full accord limiting interagency dealings to debt management and monetary policy. They will study further actions to curb inflation without altering public debt, while avoiding changes to Series E Savings Bonds. The initial move shifts away from heavy Fed purchases of long term bonds by offering a new high interest issue to holders, aiming to ease market pressure.
MENTIONED IN THIS ARTICLE
Washington
Treasury and Federal Reserve Board
Treasury-Reserve
Treasury
FRB
Federal Reserve
White House
Treasury-Federal Reserve
Mountain States Telephone posts 1950 income gain
Mountain States Telephone and Telegraph Co reports 1950 net income of 7,481,598 dollars, up from 1949 by about two million. Earnings per share rise to 7.20, from 6.55, while 1948 earnings were 8.30 with fewer shares. President Floyd P. Ogden says operating revenues climb to 92,343,832 from 82,024,651 in 1949. The firm serves Colorado Wyoming Montana Arizona Utah Idaho New Mexico and El Paso Texas.
MENTIONED IN THIS ARTICLE
Denver
Mountain States Telephone and Telegraph Company Today
Floyd P. Ogden
Colorado
Wyoming
Montana
Arizona
Utah
Idaho
New Mexico
el Paso
Texas
Grains mostly weak as demand disappears
Chicago market drifted listlessly as traders await the Big Four conference news from Paris. Nearby soybeans held to ceilings with about six cargoes reportedly sold last week and today for Japan. Wheat fell modestly, corn mixed, oats and rye largely unchanged, soybeans around 3.30 to 3.35, and lard steady near 18.85 per hundred pounds.
MENTIONED IN THIS ARTICLE
Chicago
Paris
Japan
Grain and Provisions Exchange
Fertilizer Supply Shortfall Foreseen for Spring
U S Agriculture Department warns the spring fertilizer supply will barely exceed last year's output with only a 256000 ton net rise for the year ending June 30 1951. Nitrogen and potash rise while phosphate falls 139000 tons, igniting congressional concern over mobilization needs and urging essential materials access for farmers.
MENTIONED IN THIS ARTICLE
Washington
INS
Agriculture Department
Congress
Special Agriculture Committee
Congressional Committee
Dairy market report from Los Angeles in March 5
Auction notes show wholesale egg prices across grades AA and A with large and medium sizes ranging 50 to 66 cents per dozen, retail carton prices up to 72 cents. Butter, eggs, and poultry prices listed by grade and weight, with live poultry and roaster figures, U.S. standards, and current receipts noted.
MENTIONED IN THIS ARTICLE
Los Angeles
Broilers
Fryers Its
Aeen
Fryers
Citrus market report from Los Angeles on oranges and lemons
Citrus markets report steady Florida pinks and other fruit grades with price ranges per box and per crate. Notes include Arizona and Coachella values, wrapped and loose sizes, standards for Navels, fancy and standard tiers, with regional mentions of Los Angeles and Imperial Valley packaging and price differentials.
MENTIONED IN THIS ARTICLE
Los Angeles
Citrus Pac
Icapetrelt
Florida
Arizona Pac
Texas
San Jose Valley
Imperial Valley
Earnings roundup for 1950 profits per share details
Budd Company reports net profit of 18 425 300 for 1950 or 5.10 per common share. 1949 profit 14 808 116 or 4.05 per share. Also listed are Jorse & Company 1950 1949 profits 3 840 247 and 3 416 427 per share 6.49 and 5.70. Tung Sol Works 1950 867 469 profit 3 058 151 per share 6.61 and 2.29. Tennessee Products & Chemical 1 725 499 net profit per share 5.51 and 4.36.
MENTIONED IN THIS ARTICLE
Budd Company
Cairtoass
Jorse & Company
Tung-Sol P Works, Inc
Te Ae
Tennessee Products & Chemical Coreaten
Eee Ae
Metals MARKET QUOTES AND CENTS PER POUND LISTINGS
New York metals report shows copper at 24 cents per pound from Connecticut Valley and lead at 17 cents. Bath New York quotes zinc at 17 cents, while St Louis lists tin at 1 dollar per pound.
MENTIONED IN THIS ARTICLE
New York
Connecticut Valley
Bath
St. Louis
Ee York
Cottonseed oil futures slide with mixed contracts
New York March 5 AP reports cottonseed oil futures mixed with several contracts firming or dipping. May at 26.40, July 26, December 21.75, January 22.40 to 23.45, and other listings show varied prices as trading closes.
MENTIONED IN THIS ARTICLE
New York
Kansas City Grain Market Report for March
Wheat prices ranged from 1% lower to 1% higher across 416 cars. No 2 hard and dark northern futures quoted around 2.37 to 2.41. Corn mixed, No 2 white 1.94 to 1.98, oats and barley shown with tight ranges and nominal values.
MENTIONED IN THIS ARTICLE
Kansas City
Livestock market reports from Los Angeles and Midwest
Livestock prices show mixed trends across regions with cattle calves and hogs varying by class and weight. Kansas City and Chicago markets record higher cattle and hog prices, while Los Angeles lists steady fed steers and weaker odd cows and bulls amid supply constraints. Sheep offerings remain limited with early lamb sales steady to higher, and overall market activity described as fairly active in spots with some price spikes on select lots.
MENTIONED IN THIS ARTICLE
Los Angeles
Hursday
Kansas City
USDA
Chicago
Trend Of Staples Wholesale Price Index Report
The Associated Press notes the weighted wholesale price index for 35 commodities rose to 213.32, up from 212.83 the prior week and 213.68 the prior month, with values reflecting 1926=100 benchmarks and accompanying highs and lows across years.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Tito
Copper Lead Zinc Futures Quiet With No Sales Reported
Copper, lead and zinc futures closed quiet with no sales reported in New York on March 5. Market activity remained subdued as traders awaited further cues on demand and supply.
MENTIONED IN THIS ARTICLE
New York
Late Demand Aids Radio TV Shares Rally
New York March 5 AP The stock market retreated then steadied before close with declines up to about 2 a share in rails steel copper mining and aircraft stocks A late surge of demand lifted some radio and television shares Trading picked up with volume near 1 700 000 The move came as brokers cited tax deadlines tax uncertainty four power talks and fear of inflation as factors shaping cautious trading and a vulnerable market after recent gains
MENTIONED IN THIS ARTICLE
New York
Treasury-Federal Reserve
N Y Stock Exchange Dividend Terms And Abbreviations
Summary of stock exchange pricing units and dividend notation. Defines units of trading as 10 shares and lists abbreviations for dividend types and actions such as xd extra dividend xr ex rights a also extra or extras d cash or stock f payable in stock z declared or paid so far this year h declared after a stock split or dividend k declared this year with arrears p paid this year r declared 1950 payable in 1951 y liquidating dividend z payable in stock.
Government bonds edge lower after policy agreement
In light trading the Treasury and Federal Reserve reached an agreement on monetary policy. Victory bonds held firm with exchange options stated par for par after issue details. Bond averages show mixed movements as rails and utilities dip while some issues rise modestly.
MENTIONED IN THIS ARTICLE
New York
Treasury
Federal Reserve
Washington
Treasury-Federal Reserve
Chicago & Northwestern
Missouri Pacific
Baltimore and Ohio
B.&o
Pacific Gas and Electric
Consolidated Edison
Phillips Petroleum
Hudson
Manhattan
Yokohama
Santa Fe
Boston
Maine
Canadian Pacific Perpetual
Reading
Virginia
Penn
Bush Terminal
Big Four
Illinois Central
Associated Press
Fereien
Netwig
Fisheries plan to concentrate Alaska salmon canneries
The Defense Fisheries Administration backs a plan to concentrate Alaska salmon packing in a limited number of canneries to save manpower and materials. Public hearings will be held in Seattle led by Deputy Fisheries Administrator Maurice Rattray after discussions with Secretary Oscar L. Chapman. A WWII precedent reduced Alaska’s plant count to 74 of 120, with remaining plants sharing production.
MENTIONED IN THIS ARTICLE
Defense Fisheries Administration
Secretary of Interior
Oscar L. Chapman
Seattle
Maurice Rattray
Ken Gi
Alaska
Cotton Price Ceiling Enacted Faces Congressional Pushback
The first farm price ceiling on raw cotton, 45.76 cents per pound for white and extra white middling, 15-16 inch, took effect amid strong opposition from senators and cotton interests. DiSalle defended the move as exchanges warn closures may persist, while House and Senate figures pledge further battles and minor market adjustments.
MENTIONED IN THIS ARTICLE
OPS
DiSalle
Eric Johnson
Carolinas
Congress
White House
Agriculture Department
Department
Cotton Exchange Balks At Control
New York Cotton Exchange officials clash with Office of Price Stabilization on the new price ceilings while keeping the exchange closed. A delegation travels to Washington to resolve details and aim for reopening in a few days. The eight delivery point variations and costs of tendering and certifying contracts spark the dispute, as OPS imposes uniform ceilings across eight points. Senator Maybank calls the order silly and warns of broader price-control risks, while industry leaders fear reduced planting and delivery complications under the new regime.
MENTIONED IN THIS ARTICLE
FY Bayer VU
New York
New York Cotton Exchange
Office of Price Stabilization
Exchange
Washington
OPS
New York Exchange
Disalle
Agriculture Department
Maybank
Congressional Watchdog
Committee On Economic Mobilization
Banking Committee
Local Securities Quotation Summary From Arizona Banks and Utilities
A local NASD committee furnishes bid and asked prices for banks trust companies and utilities in Arizona. Banks include Bank of Douglas First National Bank Prix Title & Trust Valley National Bank. Utilities cover Arizona Edison Cen Ariz L and P Tucson Gas L and P with various bids and asks. Industries list Arizona Flour Mills Goldwaters Incorporated Southwest Lumber Mills with small price points.
MENTIONED IN THIS ARTICLE
Bank of Douglas
First National Bank
Prix Title & Trust
Valley National Bank
Utilities
Arizona. Edison Inc
Cen Ariz L&p
Cen Ariz L&p Pf
Government takes control of heavy power equipment
Washington March 5 The government announced it will take over production of heavy electric power equipment. The National Production Authority ordered manufacturers to maintain modify or alter output as required starting March 16. The move aims to expand the electric power program and mobilization, affecting all equipment costing five dollars or more.
MENTIONED IN THIS ARTICLE
Washington
Production Athority
NPA
Turpentine market notes from Savannah report
Turpentine in Savannah on March 5 shows offerings and sales limited with no receipts and small shipments. Stocks listed at 1841 with receipts at 441 and shipments at 91 reflecting a quiet market for the period.
MENTIONED IN THIS ARTICLE
Savannah
Oil President Named at McCarthy Oil and Gas
Warner H Mendel of New York City was elected president of McCarthy Oil and Gas Corporation. Glenn H McCarthy, founder and former president, was named chairman of the board, with the company based in Houston for a March report.
MENTIONED IN THIS ARTICLE
Houston
Warner H. Mendel
New Yo City
Equible Life Assurance Society of
United States
McCarthy Oil and Gas Corporation
Glenn H. McCarthy
Foreign Exchange Rates Summary New York March 5
Foreign exchange rates listed for major currencies in New York with notices of small shifts. Canadian dollar at discount or premium around 95.0, British pound near 2.80 dollars with minor changes, Francs and francs futures near 26.30, other European currencies largely unchanged. Argentine, Brazilian and Venezuelan rates partially shown with minimal movement.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Europe
Fragmented OCR Entry From Unknown Language Source
Fragmented text appears to mix symbols and phrases such as on a guilder ira papa and Latin unchar Mex Var, lacking clear context, dates, places, or identifiable names. The readable bits do not establish a coherent event or report suitable for a full-card summary.
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Luhrs Arcade
U. S
America
Phoenix
Kansas City Grain
Ann
Dow-Jones
K. F. Hutton and Company
Associated Press Util. Stocks Indust. Rails
N. Y
Mare
Saijes
Crosley
Pac
G&e
Dayton Bus
Cub
Goldfield
H&ec
Mfz
Roc
Olar Aire
Tel & Tel A
Atlas Tlas
Horn & H._ Bak S
Roy
Std Cap & 10
Rum Sd
Ins Co N Am
the Ridge
Aiser Fraz Jarrett Cp
Razer
Kingston Pd
Ree
Tourneau
Cent War
Brown F di
Lone tar_Gay S. Foi
Bunk Hill
Louis
Sugama
Mead
Alg & Ed
Mid St Pet
An Marconier Wen
Essna Aire Ata
Nat Be
St Flae
Ub al P News
Niaghrem
Cosden
FlorenStv
Folanssil
Pullman
Brill
Froedtg&mia
GenMotorslez
Yu AmBroadcas
RonsArtl
AmCbRad
Pt Heroid
Ruppert
AmCh
AmEncaus
Shmo
Gtwests
ShellerMf
Amp
Grumaen
Skelly
SouthernCo
Arm&Co
Hudson& Man
HudsonModla
Atchison&a
HuppCorp
Ster
Atchisonp
Autocar
Interlake
Bangor
BarberOill
Timk Deta Ib
Borklum
Bullardia
BulovaWa
BurliMill
Unitgasc
Ussmell
CerdePas
MarineMid
Teedia
Martingl
WaynePume
ChildsCo Fra
WestMary
Clinton
MinnMoll
CluettPeabieg
Igy Minnm&m
WillysOver
Collins&Aik
Wilson&Col
Co oFria
Cc Glof &Irpfl
NatGyvnom
Natmal&scise
CraneCol
NatPw&Lt
Anneket
CrownCor
Newberry
CubAmeneg
Omnibus Us
DougAireda
DressIndl
PacLight
duPont
Panhp&r
Care Il
Beistnerrat
ElliottCole
Philco
Eversharo
Beirut
Philjonniss
the Nation Association of Securities Dealers
Ike An Fund
Boston Fund
Bullock Fund
Centur
Republic Inv Inam Fund
Bureau of Agricultural Economics
Michael V. DiSalle
S. C
Lynanl
Local Securities
The
National Association of Securities Dealers
Tian
George S.may Company
Waal Western Division
Geary Street
San Francisco
Calif
Great Brita
Belgi
France
Ita
Portuga
Sweden
Arena
Switzerland
Crane
Argentina
Brazil
Venezuela
Cali
Benton M. Lee
Ficks & Tompane
New York Stock Exchange
North Central Ave
van Buren
Mesa
South Macdonald Street
KRUX
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