Wall Street Ends On Firm Tone With Heavy Turnover
Stocks rallied after early selling led by metal issues as May 8 trading closed firm. Gains of 1 to 2 points dominated with some 5 point advances. Turnover reached 1,948,110 shares. Wheat and cotton mixed steadiness. bonds irregular but U S securities showed strength. Major gainers included U S Smelting, Homestake, Howe Sound and several others. Chicago grains featured May wheat at 835 7 8 and corn May 47 1 2.
MENTIONED IN THIS ARTICLE
Wall Street
New York
U. S. Industrial Alcohol
American Commercial Alcohol
National Distillers
Case
du Pont
U. S. Steel
American Telephone
Bethlehem Steel
American Can
Chrysler
Johns-Manville
Southern Pacific
General Motors
Consolidated Gas
Santa Fe
New York Stocks Close Amid Broad Market Moves
The May 8 stock close shows widespread activity on the New York Stock Exchange with numerous equities listed and mixed results. Major names such as US Steel, General Electric, Anaconda, and Penn RR appear among active quotes, reflecting broad investor shifts and a range of gains and losses across sectors.
Live Stock Market Summary from Kansas City May 8
AP report lists hogs at 6000 head mostly steady to lower with top 3.35 on choice 189-240 pounds. Cattle 6000 with calves 1000. fed steers steady to weak, yearling heifers 6.00, steers 5.85 to 9.00, heifers 4.85 to 6.35, cows 3.65 to 4.25, milk-fed weaners 3.59 to 6.50. Sheep and lambs: 10,000 head, spring lambs 25-50 lower, slaughter lambs 15-25 off, top spring lambs 11.00, wool lambs 9.85, spring lambs 10.25 to 21.00, lambs good and choice 4x 90 lbs down, ewes 2.50 to 4.35, wethers 6.50 to 7.75. Quotations based on ewes and wethers.
MENTIONED IN THIS ARTICLE
Kansas City
Prices for Western Wool Decline in Early Shearing Markets
AP report notes lower country wool prices in early shearing, with Ohio and New York grades like 56s 3/8 blood 48s 50s 1/4 blood offering around 84 cents in greage. Old bids fell to 2 cents, while western grown wools remained steady with little buyer interest and small demand.
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Boston
Ohio
Cotton market steady as middling slips at New Orleans
New Orleans reports a steady cotton market with middling at 11.55 and no sales. The day notes Liberty bonds in New York and Treasury issues, including 4 1/4s and 4 1/48 rates, alongside federal farm loan instruments and homeowner loan figures, reflecting broad bond and loan activity.
Progressives eyeing reaction to May 16 GOP offer
The article notes ongoing discussion without committing the committee to a stance. It stresses the intention to gather all views, estimate the progressives’ response to the Republican proposal, and suggests May 16 as the earliest possible date for a forecast. The fragment hints at internal positions but lacks final decisions.
MENTIONED IN THIS ARTICLE
Ted
87 Miners Die in Flames at Potash Mine
May 8 AP report: a flaming shaft at Buggingen Potash Mines sealed for two weeks, 87 miners trapped and killed by carbon monoxide after timber collapse. Foreman died during hoist. six rescuers hospitalized. Fire and smoke halted search until safe to reopen shaft. Floral offerings marked the sorrow in the village.
Delinting Plant Opens in Mesilla Valley
Las Cruces New Mexico May 8 AP G R Quesenberry extension agronomist said farmers in southern New Mexico have established a delinting plant near Chamberino in connection with their cooperative cotton gin showing progress in the Mesilla Valley project.
MENTIONED IN THIS ARTICLE
Las Cruces
N. M
G. R. Quesenberry
State College
New Mexico
Chamberino
Market Summary of Commodities and Stocks from AP
A list of miscellaneous bond and stock prices with many fractional quotes across sectors. Notable entries include Amer Cyan, Amer Mar, Am For P War, Am Sup Pow, Ark Nat Gas A, Libby Mex, Newmont, Niag Hud Pow, Humble Oil, Det roit Air, Swift Co, Texon, Unit groups, and several utility and mining stocks showing varied fractional changes.
MENTIONED IN THIS ARTICLE
the Associated Press
Alum Co Am
Am Cyan B
Amer. G.&e
Amer Mar
Amer Sup
Ark Nat Gas A
Assoc G&e
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Brillo
City Sve
City Svc
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Cresson
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Fond Ltd
Qui Oi
Hecla Mining
Humble -Oil
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Newmont
Penn Road
Sound
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Texon
Trins Air
Unit Gee
Unit P & L
Unit Verde
New York Cotton Firm After Early Decline
New York cotton futures closed higher after reversing a small early drop. May 11.35, July 11.48-49, Oct 11.63-65, Dec 11.75-76, Jan 11.80, Mar 11.90-91. Spot middling 11.65 amid firmer wheat and stock tones and upbeat Washington outlooks.
MENTIONED IN THIS ARTICLE
New York
Washington
Spot cotton steady as sales reach 400 bales
Galveston market report for May 8 notes spot cotton steady with middling grade 20- up at 11.55 cents per pound and total sales of 400 bales. The brief item records price, grade movement, and volume from the Galveston port.
MENTIONED IN THIS ARTICLE
Galveston
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