Wheat Selling Grows Profit Taking Blamed
Wheat selling pressure expanded on the Chicago Board of Trade with prices slipping for small losses amid active dealings. Profit taking follows weeks of gains as soybeans showed strength on export prospects to France and interior bids. Prices for December wheat slipped to near 2.16, corn rose, oats rose, soybeans in November at 2.27, and lard declined. Traders note wheat's brisk advance and cash prices above government loan levels raise worry over a potential easing of producers' firm holding.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
France
Kansas City
Weekly Electric Output Declines
The Edison Electric Institute reports U S power production last week fell slightly from the prior week yet stayed above the 1948 comparable period. Net energy distribution reached 5,555,641,000 kWh versus 5,579,105,000 kWh the week before and 5,460,609,000 kWh a year ago. The total was 1.7 percent higher than a year earlier.
MENTIONED IN THIS ARTICLE
New York
United States
Edison Electric Institute
Accountant Seeks Permanent Office Position
J. W. Sweeney seeks permanent public accounting or private office management role. presents accounting or cost problem solving expertise. employer awareness confirmed. contact 1643 E Verde Lane or phone 5-4588.
MENTIONED IN THIS ARTICLE
J. W. Sweeney
E. Verde Lane
Trading Dull After Flurry At Opening
New York markets opened with a quiet session after a sharp prior decline and a minor Monday setback. Gains were fractional and widespread except railway issues. Key names mentioned included U S Steel Chrysler Sears Roebuck Douglas Aircraft Consolidated Vultee Grumman and Warner Brothers with Southern Pacific Sinclair Oil Bethlehem Steel lower.
MENTIONED IN THIS ARTICLE
New York
U. S. Steel
Chrysler
Sears Roebuck
Douglas Aircraft
Consolidated Vultee
Grumman
American Smelting
du Pont
American Can
American Broadcasting
Santa Fe
Standard Oil
N. J
Warner Brothers
Southern Pacific
Sinclair Oil
Bethlehem Steel
Braves Buy Farmhand From Pawtucket Club
The Boston Braves purchased the contract of slugging outfielder Bob Montag from their Pawtucket Rhode Island farm club of the New England league. Montag, formerly in the Cincinnati Reds system, finished the season with a .423 batting average in the Class B New England League.
MENTIONED IN THIS ARTICLE
Boston
Boston Braves
Bob Montag
Pawtucket
R. I
Montag
Cincinnati Reds
Arizona's Willis Differs Sharply With U.S. Official On Mining Laws
In Spokane the federal land official Marion Clawson and Arizona miner Charles Willis sparred over proposed changes to mining laws. Clawson urged revision to curb land use abuses and speed patents, while Willis warned many changes could nullify the basic mining law and hinder an industry built on those provisions.
MENTIONED IN THIS ARTICLE
Arizona
Willis
U.S
Spokane
Wash
American Mining Congress
Marion Clawson
Bureau of Land Management
Charles F. Willis
Phoenix
Arizona Small Mine Operators Association
Clawson
Hoover Commission
New Banks To Help Small Firms Urged
Brookings economist A D H Kaplan urged creation of district capital banks to finance small firms. He said banks should invest up to 3 percent of district capital in a new bank supervised by the Federal Reserve, to aid small enterprises and reduce rising failures.
MENTIONED IN THIS ARTICLE
Washington
A. D. H. Kaplan
Brookings Institution
Joint
Congressional Economic Committee
Kaplan
Congress
Federal Reserve
Federal Reserve Bank
Federal Reserve Board
Fruit Imports Boost Expected From Canada
Washington officials say lifting Canadian import restrictions will push Canada to buy 10 to 15 million dollars more U S fruit and vegetables next year with California grapes leading the rise. Pears beans cauliflowers and peppers will see small gains this year and cherries peaches apricots plums and pears expected to lift next year’s totals to 60 or 65 million dollars from 50 to 54 55 million this year.
MENTIONED IN THIS ARTICLE
Washington
INS
United States
Canada
U. S
California
Reverend Walz Blows Shofar in NYC Rosh Hashanah Observance
In interracial goodwill gesture, Rev. L Humphrey Walz of Second Presbyterian Church New York City blows the shofar to honor the Hebrew New Year. The ram’s horn was sourced from Palestine.
MENTIONED IN THIS ARTICLE
L. Humphrey Walz
Second Presbyterian Church
New York City
Ram
Palestine
Butterfat levy yields $4876.65 in June
The American Dairy Association of Arizona reports a one cent per pound butterfat deduction from June milk production totaling $4,876.65. Funds support dairy research and magazine advertising, with contributors including Associated Dairy, Borden Company Phoenix, Borden Condensary Tempe, Central Avenue Dairy, Dairy and Consumer Co-Op, Kraft Jersey Dairy Sun Valley, Mesa, and Sunset Dairy Tucson.
MENTIONED IN THIS ARTICLE
The
American Dairy Association of Arizornia
Dairy Association
Dairies
Associated Dairy
Borden Company
Phoenix
Borden Condensary
Tempe
Central Avenue
Dairy and Consumer Co-Op
Kraft Jersey Dairy
Sun Valley
Mesa
Sunset Dairy
Tucson
Dividends Declared by American Book Co Regular and Special
The American Book Co. declares a regular dividend of $1 and a special $1. dividend, payable Nov. 1 to stockholders of record Oct. 21.
MENTIONED IN THIS ARTICLE
American Book Co
Trading Irregular In Cotton Market
Cotton futures opened mixed with a 15 cent fall to 5 cent rise. Prices listed show Oct and Dec contracts at 29.77 and 29.62 respectively with March at 29.63 and other values around 29.04 and 27.25 by bid.
MENTIONED IN THIS ARTICLE
New York
Bond Market Pauses Amid Labor Tensions in New York
The corporate bond market barely traded as losses and gains balanced, with investors delaying activity amid labor unrest. Rail issues like New Orleans Texas-Mexico 5s and Missouri Pacific drifted. Chicago Great Western and South Pacific Oregon Lines 4s showed minor gains. Treasuries were light with little price change, while a Chase-led syndicate bid 8 million Hawaii nose bonds offered yields from about 0.2% to 0.8% across maturities.
MENTIONED IN THIS ARTICLE
New
New Orleans
Texas
Mexico
Missouri Pace Railroad
Chicago Great Western
South Pacific Oregon Lines
Netherlands
U.S. Treasury
Chase National Bank of New York A
Hawaii
Also Mentioned on This Page
Dick Turner
Rome's
Jones & Jones
Mary Hope Hodgdon
Portland
Ore
Hazel
Lee Hodgdon
Kirby L. Vidrine and Company
Heard
Certified Public Accountants
Sigmund Engel
Cook County
Adam Zutko
Fordney
Engel
James Whitcomb Riley
Indianapolis
Ind
Riley
Greenfield
Braves
Tom Clark
United State Supreme Court
Justice Clark
Denver
Colo
General Hospital
Colorado State Medical Society
Ruth Beynon
Cleveland
Chiropractic
Barbara Freking
Charleston
S. C
Continental Distilling Corporation
Philadelphia
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