Stock Market Decline Follows Tax Plan News
New York trading opened lower amid the Presidents wealth tax plan with analysts citing Washington as a factor. A modest rebound appeared later as steel firms hinted at price maintenance and freight loadings rose for the week ending June 15. Foreign exchange moved narrowly with sterling at $4.923 1/8 and franc at 6.61 1/8 cents, while stock volume reached 994,020 shares.
MENTIONED IN THIS ARTICLE
Washington News
American Can
Allied Chemical
Union Pacific
National Distillers
U.S. Steel
American Telephone
Westinghouse
International Harvester
Case
National Biscuit
Chrysler
General Motors
Sears Roebuck
du Pont
Columbian Carbon
Johns Manville
Ludlum Steel Company
Wall Street
Pure Oil
Hog and cattle market report from Kansas City
Kansas City stockyard figures show hogs 1,200 head, steady to 10 cents higher with top 9.40 for choice 210 to 240 pounds. Light and mixed weights 140 to 166 pounds bring 8.50 to 9.00, packing sows 275 to 500 pounds 7.00 to 8.25. Cattle totals 1,500 with calves 600. killing classes steady to strong, dealers firm, stockers and feeders unchanged, fed steers drifting downward.
MENTIONED IN THIS ARTICLE
Kansas City
Ap-Us
Chicago Grain and Oil Prices Roundup
Chicago market report lists AP closing quotes for June wheat at 80 3/8, July 80 3/8 to 1/2, September 80 3/4 to 81, December 83 3/8 to 1/2. Corn July 81 7/8 to 82, September 76 3/8 to 1/2, December 63 3/8 to 1/2. Oats July 35 3/8, September 33 to 33 1/8, December 34 3/4 to 7/8. Rye July 46 1/8, September 47 3/8, December 50 5/8. Barley July 47 1/2, September 42, December 42. Lard July 13.40, September 13.30, October 13.12. Bellies July 16.90, September 16.70.
MENTIONED IN THIS ARTICLE
Rye
Market Report of Selected Stocks and Bonds
The Associated Press shows a list of securities with latest figures including Alum Co Am 52 3/4, Amn Cyan B 21, Amn G & E 28 5/8, Am Maracaibo 1 1/16, Am Sup Pow 1 1/8, City Sve Pfa 15 1/2, Cons Cop Min 3, Cord Corp 3 1/8, Cusi Mex 1 7/8, El Bonds & Share 8, Gulf Oil Pa 65 3/4, Hecla Min 10 1/2, Humble Oil (2) 61 1/4, Lib McN & Lib 6 1/4, Nia Hud Pow 6 3/8, Penn Road 2 1/4, Siberling Rule 1 1/2, Swift & Co 15 3/8, Texan Oil (60) 5 1/8, Trans Cent Air 2/16, Un Light & Power A 1 1/4, Unit Verde (1) 3 5/8.
MENTIONED IN THIS ARTICLE
Associated Press
Alum Co Am
Amn Cyan
Amn G & E
Penn Road
Swift & Co
Texan Oil
Trans Cent Air
UN Light & Power A
Unit Verde
Cotton market steadies after moderate early dip
New York cotton trading showed a quiet session with a small early decline followed by a steadier tone. After slipping to 11.14, October rebounded to 11.24 and stood near 11.19 late, with overall activity light and prices about 4 points lower on generalist positions.
MENTIONED IN THIS ARTICLE
New York
Commodity Prices Reported in Brief Summary
The notes show monthly futures with close dates and rates. July 11.57 to 11.59, October 11.28 to 11.29, December 11.31, January 11.33, March 11.39, May 11.45 to 11.46. Spot steady middling at 11.90, indicating steady cash market for the period.
Cotton futures close steady with modest gains
New Orleans futures closed firm with net advances of 3 to 9 points. July at 11.55 to 11.56, October 11.24 to 11.25, December 11.26, January 11.28, March 11.36, May 11.39. Spot cotton quiet, up 8 points, middling grade 11.96.
MENTIONED IN THIS ARTICLE
New Orleans
Lost Bond Substitutes Authorized in New Opinion
Assistant Attorney General J R Modral issued an opinion allowing substitutes for lost bonds or certificates and permitting payment on sworn loss affidavits if the bonds were called and prior payment hadn’t been made. L C Iffeld of Las Vegas held two San Miguel county bonds for $100 each. certificates not found despite receipt.
MENTIONED IN THIS ARTICLE
Santa Fe
J. R. Modral
L. C. Iffeld
Las Vegas
San Miguel County
City Beautiful Contest Entry By Mrs Cahoon
Mrs E A Cahoon entered her back yard at 612 North Kentucky in the City Beautiful Contest as officials confirm treasurer is certain no one else has been paid prior.
MENTIONED IN THIS ARTICLE
E. A. Cahoon
North Kentucky
State Gets Replies From Its Advertising
Santa Fe June 20 AP Requests from 46 states and five foreign countries have been received by the state tourist bureau for booklets Gov Clyde Tingley announced today In three weeks 2116 requests have been received for literature Newspaper advertisements and the magazine ad have appeared with other magazine advertising to follow in the next three months The Governor added that the bureau was clearing information sought pertaining to industry and business as well as recreation.
MENTIONED IN THIS ARTICLE
Santa Fe
State Tourist Bureau
Clyde Tingley
President outlines tax plan with inheritance and corporate hikes
President proposes graduated corporate rates from 10 3/4 to 16 3/4 percent and higher inheritance taxes while calling for elimination of unnecessary holding companies through taxation. He hints at a constitutional amendment to allow taxation of future state and local securities and a shift to reduce the national debt. Senate and House leaders react with cautious optimism and skepticism.
MENTIONED IN THIS ARTICLE
Congress
Harrison
Miss
Senate Finance Committee
Doughton
House Way and Means
Also Mentioned on This Page
Foday’s Stock Markets
New York Stock Exchange
Adam Exp
Sil
T&t
Alaska
Allegny
Kelvina
C&d
Kencott
AmrCan
iKrogGro Lambert
Amcmail
Am’ Ae
Mack Tr
MeInpor
McLellan
Midc Pet
Amp&l
Monto
Ampi&pf
L&pt
AmRadst
Murray C
Nash
Wwe Cdl
Am Wi
Nynh&h
Anacona
Armill
Ntk
Am Ll Pt
NaAviat
T & Sk
Nor Am
Nor Am Pr
Aub Auto
Nor Pac
Avia Cor
Ohio Oil
Bal Loco
OwTlGl
B&o Rail
Pac G&e
Packard Beatric
Park U
Penny JC Bendix
Penn RR
Beth Stl
Phelpsh
Boh Alum
Phil Pet
Orden
Progamb
BuradMa
Pubsij
Pullman
Byers
RemRand
C&d Rail
Rev Tobr
T P&l
Safeway
Prt Steel Ed
Ae St
L&sf
Chiri&pi
Ehnite
Séab
Colgate Ware
Sears R
Col G&ei
Tsr ComSolv
SK Ec
Texpc&o
Erie
Tinit Corp
Glidden
Sindal
Geddust
Pip
A Goodyear
GtNorPf
Gwsnegr
US Steel
Hollan
Usstipf
Limvtak
Tin ‘Pipe
Util Pa
Kansas
Chicago Grain
Chicago
Kellys
Dollahons
Anteed Vulcaniz
Kelly-Springfield
Kelly
Springfield
Dollahan’s
East Second Street
Aashington
Senator Long
D-La
Roosevelt
Long
America
Kingfish
Mitchell
Commerce
Mr. Roosevelt
Astors
Mazda
Pennsylvania
S.A
Mexico
Calif
Ibs
Leig
Al.ter
Penn Supreme
Ford
Chevrolet
Np 89 Pt
Texas
POLY
Pric
Fetcr
West Second St
Roswell, New Mexico
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