Stocks Rise Modestly Amid Broad Market Strength
New York traders saw some stocks rise as much as about three points led by oils, aircrafts, coppers, steels, utilities, rails and specialties. Declines were plentiful with inflation worries reported by brokers and tax proposal news from the Ways and Means Committee. Savaged by war news, several names hit new year highs including Savage Arms, Consolidated Aircraft, Lehigh Valley Coal and U S Distributing. others such as Texas Corporation, Sperry, Douglas Aircraft, Kennecott, United States Steel, American Woolens Works, Standard Gas, Union Pacific, Du Pont and J C Penney attracted support.
MENTIONED IN THIS ARTICLE
New York
House
Ways and Means Committee
BTA
Cioucy War News
Savage Arms
Consolidated Aircraft
Lehigh Valley Coal Common
Preferred
U. S
Texas Corporation
Sperry
Douglas Aircraft
Kennecot
United States Steel
American Whaths Works
Stendart Gas “Referreds
Union Pacific
du Pont
J. C. Penney
Edison Saseose
Richfield
Lockheed Alre
Amisch Miz
Baleway
Schenkey
Car & Fdy
Crane Co Eee
Seaboard Air Line
Crown Zellerd Y Cas
Marine Midland
Roebuck
Rad & Sts
Crucible Steel
Surarz
Marshall Reid
Simmons Co
Ewl Am
A Am
Curtiss-Wright
Martin
Smelt & Rw
Martin-Parry
Southern Pacific
MecKess
Addia
Wade
Sperry Corp Aaeane
Brands
Dresser Mig
Montsom Ward
Bite Say
du Pont de Nwees
Janes Eyer
Elec
Etone & Webster
T&s BS
TEL Power & Lives
Studebaker Corp
Eng
Swift & Co
Nat Pow & Story Gs
Atss Corp
Ates A
Yas Bae
OZ Corp
Aes
Sota Ork
Ras
Newport
Texas Gulf
Eleenee Teeees Roy
Shipbur Disg
Timken Bet Axle Buy
Forde
Am Aviation
Bex Aviateae
Greynouna Corp Os Io
Sora
United Gas Imp
Pathe
Mira
Keen
Art Penney
Penn RR
Waltorh
Celanese Corp
Phelps Dodge
A. Imeriske Iron Ween
West Union
Cerro de Pas
Philip Morris
Westing Air Brace
Int Harvester
Ches & Ohio
Philips
West Hl & Mfg
Cary
Cary Sees
Bohs
Woolworth
John Mangicze
P&m
Radio Corp of
Canadian dollar recovers from early loss in New York rates
Foreign exchange in New York shows the Canadian dollar rebounding from a 116 cent loss after hitting a yearly high yesterday amid vacation buyers. Swiss franc and Hong Kong dollar slip. most other currencies unchanged with official and open market quotes listed for major pairs.
MENTIONED IN THIS ARTICLE
New York
U. S
Hong Kong
Great Britain
Canadian Control Board
Bankers Foreign Exchange Committee Raes
Benevonland
Hun
Italy
Portugal
Sweden
Xswitzerland
Yugaslavia
Brazil
Japan
Hong
Shanghai
xFor
Livestock market report Buffalo June cattle hogs and sheep
U S Department of Agriculture notes cattle and hog receipts at Buffalo with slow hog demand down about ten cents and steady cattle bidding. Hogs mostly 9.60 to 9.90 for lighter weights. sows to 8.40. Cattle receipts 109 head steady. beef cows 8.0 plus, cutters 5.30 to 6.40, weighty sausage cattle 8.00 to 8.35, steers 11.25. Calves 11.50 to 10.50. vealers strong. Sheep 100 head, lamb market nominal with undertone higher. Kentucky springers 12.50.
MENTIONED IN THIS ARTICLE
Buffalo
U. S. Department of Agriculture
Tate
Kentucky
Rand
Upstate
U.S
Maine
Green Mountain
California
South Carolina
North Carolina
Florida
New York
I. F
Manitoba
Pacific
Coast
Mess
Middlewest
Watertown Electrics seeks reorganization under Bankruptcy Act
In Utica on June 5 the Watertown Electrics Inc a Watertown firm that repairs electrical appliances filed a reorganization petition seeking relief under the Bankruptcy Act. Totals show assets and liabilities around 25 633 with 10 000 in common stock and 3 000 in preferred stock and goodwill listed at 5 000. Separately Allen J Richardson a Phoenix truck driver filed a petition with debts of 675 and exempt assets of 200. Berney A Consaul a Clayton salesman filed for release from debts of 6 610 and has no assets.
MENTIONED IN THIS ARTICLE
Utica
Watertown Electrics, Inc
Watertown
Wiilen
Jean
Allen J. Richardson
Third and Lock Streets
Phoenix
Berney A. Consaul
State Street
Clayton
Local Securities Prices Reported by Central New York Dealers
The Quotations Committee of the Central New York Securities Dealers issues finished prices as of June 5 1941 for U S Treasury balance type 5 and related securities. The brief note indicates nominal values finalized by the committee.
MENTIONED IN THIS ARTICLE
Central New York Securities Dealers
Market Report Shows Price Dips Across City Produce
Regional Market prices eased for beets radishes and lettuce while 24 quart crates of strawberries sold around 35c with prior days at 4 to 5 dollars. Light fowl and poultry costs shifted and dairy and grain rates varied as officials debated defense procurement plans.
MENTIONED IN THIS ARTICLE
Alabama
Carolina
Commission Merchants’ Exchange
Quotations on New York Stock Exchange 2 Zenkith Radio
Selit provides latest stock reports up to publication time of this edition for the New York Stock Exchange. Zenkith Radio is mentioned among listed securities with 25s quotes.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Zenkith Radio
Butter Market Notes From New York June 5
Receipts total 83 497 tubs as market weakens. Creamery prices high above 92 score with premiums. 34% 3532 cents, 92 score cash possible. Cheese receipts 191 088 boxes with quiet activity. ice prices unchanged. Butter and cheese mixed colors and storage notes show varied pricing and grades.
MENTIONED IN THIS ARTICLE
New York
Fenev
DEM & Wymara
Senators push 24 hour production for arms plants
Washington reports say Senator Connally urges the government to force the armaments industry onto a 24 hour basis. He told reporters production is too slow and that the Office of Production Management should move plants to three shifts and relax wage rules where needed to speed contracts and keep skilled labor employed.
MENTIONED IN THIS ARTICLE
Washington
Senator Connally
D.tex
Senate Defense Investigating Committee
Office of Production Management
Connally
United States
Britain
OPM
Transit Company Grants Pay Rise In Syracuse Contract
The Syracuse Transit Corporation announced a new collective bargaining contract giving an average wage increase of four and a half cents per hour for about 400 employees. Earle K. Miles said the agreement was signed Monday with the Street Car Men's Union, led by John Collins and Owen Lynch. The raise applies to bus drivers at 72 cents per hour and to various garage classifications. the old contract expired May 1.
MENTIONED IN THIS ARTICLE
Transit Company
Syracuse Transit Corporation
Earle K. Miles
John Collins
Owen Lynch
Accident Injuries Case Settled Out of Court
The action by Mr. and Mrs. G Aberdein Young of 103 Onondaga Avenue against Mrs Grace Trotter of Rochester ended yesterday with a $10,000 settlement out of court. Automobiles driven by the two women collided near Adams on Sept 9, 1939, and Mrs Young sustained arm and leg fractures requiring hospital care.
MENTIONED IN THIS ARTICLE
G. Aberdein Young
Onondaga Avenue
Grace Trotter
Rochester
Supreme Court
Henry J. Kimball
Young
Cites Faults Of Educators At Syracuse Workshop
President Edmund Day of Cornell argues education lacks clear purpose and measurable objectives and neglects evaluation. The College Faculty Workshop at Syracuse University runs through July 2 with sessions on religion in training, school needs, and educating the whole person.
MENTIONED IN THIS ARTICLE
Edmund Day
Cornell University
Syracuse University
Day
Harry 8. Ganders
William P. Graham
J. Hillis Miller
Keuka College
Better Air Protection For Aussies Urged
Sydney reports a council meeting stressed adequate air protection for Australian forces in the Near East. Prime Minister Menzies said resolutions were sent to Britain and that every possible step is being taken to avoid repeats of Greece and Crete defeats.
MENTIONED IN THIS ARTICLE
Sydney
Australia
CP. Council
Near East
R. G. Menzies
Britain
Greece
Crete
Wallace Draws Up Seven Duties Bill for Freedom
Vice President Henry A. Wallace outlines a seven point Bill of Duties in the American Magazine to defend the Bill of Rights. The duties urge daily service to the general welfare, efficient democracy, balanced consumption and production, economic democracy, country study, internal order from the heart, and respecting both spirit and letter of rights.
MENTIONED IN THIS ARTICLE
New York
Henry A. Wallace
Youth Found Shot To Death Near Hurricane Mountain
The body of 19 year old Charles Quinett of Keene was found near Hurricane Mountain about a quarter mile from home by civilian conservation enrollees and department rangers. He had a bullet wound to the abdomen and a rifle lay nearby. Quinett had been missing since Sunday after leaving home to go shooting. authorities investigate.
MENTIONED IN THIS ARTICLE
Hurricane Mountain
Milbany
Conservation Department
Civilian Conservation
Department
Charles Quinett
Keene
Quinett
R Ranger
Martin Georgy
Carl Gitman
I District CCC
Bantam Car Lands Major Army Contract in Butler
American Bantam Car Company announced a War Department contract worth 864 141 for reconnaissance trucks boosting its orders backlog to about 3 000 000. President Francis H. Fenn said largest orders include 1 200 trucks and parts plus significant British war orders. Production starts in September with a projected profit for the year for the first time since 1936.
MENTIONED IN THIS ARTICLE
Bantam Car
Butler
American Bantam Car Company
Wari Department
Francis H. Fenn
Envoys Meet at Tokyo Axis and U S Discussions At Foreign Office
In Tokyo at the Grew and Matsuoka Center German Ambassador Eugen Ott held over an hour of talks with Shizuo Sakamoto head of the European and Asiatic Affairs Bureau Italian Ambassador Mario Indelli spoke with Foreign Minister Yosuke Matsuoka for 30 minutes United States Ambassador Joseph C Grew also visited Matsuoka lasting more than an hour.
MENTIONED IN THIS ARTICLE
Grew
Matsuoka
Tokyo
United States
Eugen Ott
Shizuo Sakamoto
Mario
Indelli
Yosuke Matsuoka
Joseph C. Grew
Weather Wirephoto for Middle Atlantic Coast
Weather wirephoto shows forecast from the Middle Atlantic coast with periods of moderate to heavy precipitation. Advisories expect rain and possible storms, with changing conditions through the day.
MENTIONED IN THIS ARTICLE
Middle Atlantic
Nottingham High School to Stage 11th Music Festival
Nottingham High School music department led by Mrs. Leelie B Walsh and John V Sackett presents its eleventh annual festival in the school auditorium tomorrow at 8 PM. Featured groups include Nottingham Concert Band Advanced Girls Choir String Ensemble and Nottingham A Cappella Choir with soloists Mary Catherine Connolly Maxine Berger Ralph Coon Lawrence Root Dorothy Rosner John Saxton and Donald Darrone. A Bach two part invention render by Lawrence Siegler and Robert Carlton will accompany the concert band.
MENTIONED IN THIS ARTICLE
Nottingham High
Nottingham High School
Leelie B. Walsh
John V. Sackett
Nottingham
Mary ‘Catherine Connolly
Maxine Berger
Ralph Coon
Lawrence Root
A Cappella
Reginald de Koven
Rudyard Kipling
Mr. Darrone
A. Cappella
Auto Plants Near Mass Output In Defense Transition
Detroit June 5. Alvan Macauley president of the Automobile Manufacturers Association told car makers at their annual meeting that the industry stands at a transition point from first large defense undertakings to volume production. He cited plans to divert hundreds of millions of pounds of strategic metals from civilian to defense use and projected 1942 passenger car output at 3,460,000 units.
MENTIONED IN THIS ARTICLE
Detroit
Alvan Macauley
Automobile ‘Manufacturers’ Association
Car Makers
Macaulty
Macauley
Silver Lining in Park City Utah Toy Metal Mines
In Park City Utah a taling road surface from the Consolidated Mining Company carries silver lead and zinc. Small fissure ores found by miners in exploration drifts crosscuts and raises were not ship worthy but the white debris piles lure youngsters who melt and cast toy soldiers from lead silver and zinc scraps.
MENTIONED IN THIS ARTICLE
Utah
Park City
Consolidated Mining Company
Overcautious Drivers Seen as Safety Hazards
Ann Arbor reports Dr Lowell Selling of the Detroit Recorder's Court Psychopathic Clinic labels overly cautious motorists as safety hazards along with indifferent drivers. He argues both slow country traffic and irritable behavior can endanger road safety, with a June 13 crash case set for hearing.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
Lowell
Selling
Detroit Recorder's Court
Steel Men Seek Way to Boost Output
New York June 5 steel leaders discussed a possible 10 000 000 ton increase in annual capacity to meet defense needs. Government financing would cover most costs for new facilities with plants operated by steel companies. Estimates place plant costs from 500 to 1 000 million dollars, with a two year build time and output impact far exceeding prior expansions.
MENTIONED IN THIS ARTICLE
New York
Office of Production Management
Washington
Defense
U. S. Steel Corporation
Ratetotary
Ten
Gano Dunn
American Newsman Ordered Expulsion From Russia
John Scott a 29 year old American journalist and News Chronicle correspondent has three days to depart Russia on grounds of sending libelous dispatches. Exclusion applies to him alone. wife and two children may leave with visas to the United States.
MENTIONED IN THIS ARTICLE
Moscow
John Scott
News Chronicle of
London
Russia
Scott
Philadelphia
Laurence A. Steinhardt
Stafford Cripps
Conservatives Aid Dictatorship Moves Declares Moffat
Atlantic City June 5. Abbott Low Moffat chairman of the Assembly Ways and Means Committee warns legislatures are too conservative and promote executive dictatorship. He criticizes petition drives as ineffective and says teacher groups in New York City influence the Legislature with intense letter and telegraph pressure. He defends logyists as valuable to democracy.
MENTIONED IN THIS ARTICLE
Moffat
Atlantic City
N. J
Abbott Low Moffat
Assembly
Ways and Means
National Conference
New York City
Seena
Also Mentioned on This Page
Bankruptcy Court
Local Securities
U.&. Treasury
Bonce Bidsked
Syracuse
Oswego Falls
Syracuse Transit
Kanata Realty
Toces Agricultural Insurance
Wren
Albany Packing Pl
Bnockway Motor Co
Wes
Connaee
Central x
Excelsior Insurance
Wees
Partners & Traders Life Ins
First Trust & Deposit
First Securities Corp Garlock Packing
Great Lakes
Steamship Bane Tees
Syracuse Pierr
Lincoln Bank
Lennox Furnace Pf. Perre Eee
City
New York State Department of Agriculture and Markets
Stacy May
May
Connaily
Donald Nelson
of the Navy
Knox
Mh Sc
iBeet
Omer
Sanat Saomala
Boston
Cerrots
H.H
Bskt
Argentina
Cox
St. Gr
Texas
Calif
Valencia
Idaho
Youngst Sh & T
New York Wholesale
Cornell
Wallace
Ama
Peepee Teen Ereag
Am, Gouere
Kantas
Oklahoma
Wesern
Alvan Maculey
Agie
I. Dend
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