Earnings and Spending Hold High Plateaus
The Federal Reserve Board reports that average American income is about 190 percent of 1939 levels, with consumer spending rising steadily. Third-quarter 1950 income totaled $210.6 billion annually, about $1,400 per person, and spending rose from earlier quarters, cushioning the economy against downturn. Wage and salary growth is strong across industries, with varied gains from prewar benchmarks and postwar periods.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Reserve Board
Commerce Department
White House Monitors Nation's Job Trouble Amid Gains
White House unemployment troubleshooters continue close watch on job problems despite improved business conditions. Thirty three areas remain on the distress list as officials prepare a government aid report. Truman had directed targeted government buying to distress areas, with early signs of help. Employment Bureau data show marks of improvement as excessive unemployment fell from 123 in July to 99 in September.
MENTIONED IN THIS ARTICLE
Washington
INS
White House
Truman
Bureau of Employment Security
Robert C. Goodwin
The
Employment Bureau
Trend Of Staples Prices Becomes News Item
New York reports the Associated Press weighted wholesale price index for staples shows week to week, month to month, and year to year changes. Figures list 160.36 for the week, 159.10 for the month, and 1793.97 for the year with highs and lows across 1947 and 1948, referencing a 1926 average base value of 100.
MENTIONED IN THIS ARTICLE
Staples
New York
Associated Press
Chrysler Dips Over 2 Points From Pinnacle
New York stock market fell today with a broad decline led by motors. Chrysler slid more than two points from a 1949 peak as turnover reached about 1.3 million shares. liquor and rubber stocks briefly rose but drifted lower in late trading.
MENTIONED IN THIS ARTICLE
New York
Motors
Chrysler
All Grains Rise on Strong Cash Buying on Board of Trade
Chicago November 25 AP grains climbed as cash buying remained robust. Wheat corn and oats hit new seasonal highs with mills and export houses moving purchases. December wheat around 2 cents higher, soybeans up about 4 cents, oats modest gains, rye and lard also higher. Cash corn receipts reached 168 cars amid expectations of looser country offerings. government wheat subsidy spurs further buying for export under the Wheat Agreement.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Grain and Provisions Exchange
Coal Production Ups Carloadings
Resumption of full coal production and higher movement of steel and ores pushed railroad freight volume up last week. The Association of American Railroads reported revenue freight loadings for the week ended Nov. 19 at 758,972 cars, up 123,149 cars or 19.4 percent from the prior week. Coal loadings reached 210,605 cars, the largest weekly total in nearly 20 years.
MENTIONED IN THIS ARTICLE
Washington
The
Association of American Railroads Today
Local Securities Quotation Highlights From Phoenix Committee
Quotations furnished by the Phoenix committee of the National Association of Securities Dealers via banks and trust companies show trading at varied levels. Listings include Central Arizona, Edison, Tucson, and Arizona Flour Mills with percentages and price figures noted, plus several industrials and utilities.
MENTIONED IN THIS ARTICLE
Phoenix Committee
As National Association of Securities
Ennod
Airst Nation Bank
the Prix Title & Trust
Ine National Bank
Ut Ariz. Edison Inc
Central Ariz
Ent Ariz L&p Pt
Ent Ariz
Tucsona
el Cap
Industrialsrizona Flour Mills
Dwaters Incorporated
Southwest Lumber Mills
Foreign Exchange Rates Reported for New York Market
Foreign exchange rates in New York show the Canadian dollar discounted around 9.2 percent and other currencies with mixed results. Great Britain values remained largely unchanged, while several major currencies including the French and Swiss francs showed no net movement. The report notes tentative figures amid a noisy, incomplete transmission of quotes.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Mengee
Switzerland
Prices for Grade A eggs and poultry items mixed release
Daily wholesale prices show Grade A large drum eggs at 43 to 44 cents per dozen, graded eggs to retailers. Extra large 67210, large 62, large 48 52. Utter 4. Poultry and pantry items listed with unchanged tendencies.
MENTIONED IN THIS ARTICLE
Luce Srls
Dividends Declared by Major Firms in Late December
Company divisions announce regular quarterly dividends on common stock of record dates in December. Carnation, Montgomery Ward and Company list cents per share payable to holders of record on specified dates. Details indicate extra dividends and standard quarterly amounts for common stock, with record dates in December.
MENTIONED IN THIS ARTICLE
Carnation
Oeticen
Daya
Gomery Ward and Company
Magnavox Earnings Report Mixed For Quarter Ended September
The report shows net earnings for the quarter ended September 30 at 4.034 per share and net sales linked to Montgomery Ward and another firm. For the three months ended October, net profit stands around 14.45 per share with related figures 4.827 and 20.0.
MENTIONED IN THIS ARTICLE
Magnavox
Montgomery Ward
Copper and Zinc Futures Edge Up Amid Quiet Trading
Copper and zinc futures drifted higher as markets closed steady with light activity. Traders noted a quiet session as July copper rose to 15.22 and March zinc moved around 9.60 with small bids and limited sales.
MENTIONED IN THIS ARTICLE
Utuc
Fata
Turpentine Prices Reported in Savannah Market
Turpentine prices noted in Savannah on November 25 with 39 cents per gallon for delivered material. Receipts show varied bids with shoals of 22 cents and ss figures.
MENTIONED IN THIS ARTICLE
Turpentine
Savannah
Wool Market Firms On Strong Australian Buying
New York November 25 AP reports wool tops and futures held firm amid higher Australian wool buying and competitive houses absorbing profit taking. Estimated sales of wool tops around 1 pounds, with futures advancing modestly. Futures closed up fractions in a quiet session as spot prices showed gains across the board.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange Dividend and Payment Report
New York November 23 AP reports on the New York Stock Exchange listing for the year ending 1950. It notes cash dividends declared and paid, stock dividends or splits, and accumulated arrears. The release outlines whether dividends were paid, deferred, or taken at last dividend, with exact dates and figures for 7‑pay stocks and related details.
Wage Boost for Money Studied by Rader Winget
Bankers weigh possible wage increases for money lent, noting returns depend on risk, loan length, and borrower ability. Open market operations by the Federal Reserve affect Government Bond yields, currently 2 to 2.5 percent, with higher stock dividends urged by the New York Stock Exchange to mobilize excess funds. The Exchange plans a $500,000 advertising push to promote investing in dividend-paying common stocks, while critics warn of rising rates and risk to the Federal Treasury and borrowers.
MENTIONED IN THIS ARTICLE
Rader Winget
Sam Dawson
New York
Hendin
Federal Reserve System
Reserve
House-Senate
Reserve System
New York Stock Exchange
Exchange
the Exchange
The
Stock Exchange
L. O. Hooper
Hooper
Treasury
United States
Tea purchases rise 8 percent in nine months
New York November 25 The Tea Bureau reports that tea moved into all retail outlets during the first nine months of this year increased eight percent over the same period in 1948. The industry association says optimism remains with no rise in retail prices.
MENTIONED IN THIS ARTICLE
New York
Tea Bureau
The
Industry Association
Treasury bonds slide to monthly low on U S markets
New York November 25 AP Long term U S Treasury bonds fell to the month’s low as trading ended with losses on longer maturities up to 6/32. Bank issues like September 1972 6s and December 1972 6 7s dropped 6/32 while Bank 2 1/2s traded around 2105 19/32 bid. Corporate bonds edged higher with rails leading gains, while Cuban 4 12s jumped nearly 4 points at times amid uneven activity.
MENTIONED IN THIS ARTICLE
NEW_ YORK
Fenewes
Osden Petro
York
Volshowes Credit W Polaris M Ume
Ity Co
Hiex
Ureka Ltd
Air Way
Fai
Alaska_ Airl Alum
Ryan Aero — Oe
Nix
Fate
Nat Gas
Kaiser
Wa Kings
Me Star
McCord Corp
Ze Corp
St Pau
Utah
Idaho
Valet Corp
Bank Hill &S
Bellas
New York
United States Treasury
Bank Eye
Tory
Peoples Gas
Ligt
Coke Consolidated
Esapeake
Ohio
Rock Island
Weekly Wool Market Shows Tightness Across Items
Boston weekly wool market faces featureless conditions with rising world values and high conversion costs. Tops remain keenly contested while nails and fibers show firm demand. Texas and Territory wools show weaker turnover amid variable prices.
MENTIONED IN THIS ARTICLE
Boston
Commercial Bulletin
Texas
Dakota
Oil glut in Rockies spurs sobering outlook for wildcatters
Denver November 25 AP An annual Rocky Mountain Oil and Gas Association report notes production outpacing demand in 1949. Producers warn scarce markets and weak transport leave 75 000 to 100 000 barrels daily shut in. Yet wildcatters press on with 1949 drilling surpassing 1948, 42 new horizons found across Wyoming Montana New Mexico Colorado Utah Nebraska and expanded leasing in the Dakotas Montana Nebraska Idaho and Utah.
MENTIONED IN THIS ARTICLE
Denver
Rocky Mountain
Wildcatters
Rocky Mountain Oil and Gas Association
Glenn E. Nielson
United States
Nielson
Petroleum Information, Incorporated
Wyoming
Montana
New Mexicco
Colorado
Utah
Nebraska
Dakotas
Idaho
Auto Hiring To Step Up In December
Ward's Automotive Reports predicted steady rehiring in December as steel strike effects ease. Two thirds of auto plant workers laid off due to basic metal shortages should return by mid December while U S production fell this week to 71 556 vehicles from 111 779 last week. Chrysler and GM parts plants should ramp up in the week of December 5 with final assembly in the following week. Ford plants may avoid full shutdown by four day weeks all month.
MENTIONED IN THIS ARTICLE
Detroit
Ward
United States
General Motors
C. E. Wilson
Chrysler
Ford
Mexican Oil Outlook Good
Mexico expects a surge in oil in coming years with potential new fields that could double production. A south Gulf of Mexico well near old fields yielded 1,170 barrels per day, supporting forecasts of rich deposits around existing sites.
MENTIONED IN THIS ARTICLE
Mexico City
Mexico
Gulf of Mexico
Livestock Market Mixed With Declines in Several Classes
Cattle and calves across Kansas City and Chicago show varied movement with steers and heifers steady to higher in some runs, while cutters and common cattle slip. Prices for sows and hogs mixed. buyers attentive as receipts for the week trend up in some spots and down in others. Slaughter cattle remain active with prime fed steers and yearlings at firm to higher quotes.
MENTIONED IN THIS ARTICLE
Los Angeles
Kansas City
Chicago
Lettuce Shipments Lift Season Total Despite Slump
Lettuce shipments from Phoenix today were expected to be similar to Wednesday at 262 cars loaded. Most packing paused Saturday and Sunday with only two cars yesterday, as grower prices hover near cost. The season aims at 4 600 to 5 000 carloads with heavy future shipments. Yuma plans 30 to 35 cars today. Central California market near end.
MENTIONED IN THIS ARTICLE
Phoenix
J. M. Foote
Arizona Fruit and Vegetable Standardization Service
Yuma
Central California
Cotton Irregular In Slow Trading
Cotton futures showed irregular movement in thin dealings as traders shifted from nearby December to later months. Nine December transferable notices were issued on First Notice Day and reportedly stopped by a leading spot firm. Mill buying remained moderate, hedge selling light, with steadying support from firm spot prices and rising cotton loan entries. Private Atlanta notes confirm mill spot purchases for delivery in early and mid next quarters, while Washington says the Economic Cooperation Administration is consulting Indian officials on possible large Indian cotton purchases, financing the key issue.
MENTIONED IN THIS ARTICLE
New York
Atlanta
Washington Advices
Economic Co-operation Administration
Cottonseed Oil Prices Rise: Market Notes
A garbled OCR fragment hints at cottonseed oil price movement with references to figures like 254 and 913. The readable bits suggest a news brief on oil prices and market shifts, likely noting higher values and industry terms, though specifics are unclear.
Also Mentioned on This Page
Calapco
Pinnacle
Local Securities
Nat Association of Securitiers
Hongmerican
Chemical Fund
Gas Industrie Fundamental
Incorporated
Ben
A. “Az
Ange
Utter
Cen
N. Y
Dow-Jones
E. F. Hutton and Company
JEW
Niuw Ork
Phillips Jo
Pittpigh Wz
amsEx'sg
FalstaffBrwla
Pitt
PittSteel
PittstonCol
AirReduct
Federa Potomaceip
Publickerinif
Ene
Freedtg&m1
Ehal
Raybesto M2
Rayonier' AmBraks
Reeves Brosla
RemRan Il
nAmin
Revere
Rob-Fulc
GenRySignalla
Seabalrrig
AmSt
Sanfl
Seagrav
Ue Smith
Stone
Swift&c1
Bohnalk BordenCol
BrisMyersl
rexGulfSulsan
rownBigelyn
Transamer
KrogerCo2
TransWestAir
TriCnCor
LambertCol
Twenty- Fox
TwinCoach GA
Lanenen
LehighPo
Madr Wood
Lehigh Vaicoal
heeCorpil
Libofglass
UnionPacifics A
CentAguirel
UnitedCp
Smiieshi
Walworth
Soifuclairia
WaukeshaMila WarnBross
ColBretAl
erck&Col
WaynePmp
estaMa2iza
JamiCopl
olumPic
WestInSul
WrigleyWirri
Yale&Townelb
CorningGis
YorkCorp
Youngzsh&t5
Tains S
ZenithRadi
acTinCo
Assocet
Business Mirror
South
Unc
Ean Oe
Erhi
Aru
Auto Hiring
Ig Yi
de Ther
USDA
A Care Republic & Gazette
Metals
Ens Valley
East S
H. C. Cunningham Ac. and Loan Association
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