Market Trends Show Mixed Week With Rate Fears
The market faced an uncertain week as gains faded after a sharp session and traders speculated on rate movements. Rail and utility issues led the upswing while heavy selling weighed on others. Atchison and Norfolk & Western posted gains to new highs, New Haven surged, and General Motors and包other autos fell. Total volume neared 1.4 million shares.
MENTIONED IN THIS ARTICLE
Wen
O'Fallon
Itres
Weck
Otc
Atchison
Eack
Norfolk & Western
New Haven
New York Central
Peake & Ohio
American Water Works
Tric
Aero
Greene Canaria
Vlm Caroon
Union Carbide
New York curb stocks ease with utilities mixed gains
The New York market opened with weekend profit taking in utilities though Mohawk Hudson Power hit a new high. Super issues dipped from prior peaks while bonds and shares held firm. Transcontinental Air Transport eyes Pacific routes as Maddux Line and Humble moved in early trading.
MENTIONED IN THIS ARTICLE
New York
York
Mohawk
Hudson Power
St.Rigis
Maddux Air ‘Line
California
Transsentinent Air Transport
Pacfic
Maddux
Clace
Humble
Foreign exchange rates reported in New York on June first
New York morning rates show international currencies listed with bids and asks. British pound quoted around 4847 and 16 to 4847 and 8, France around 3.90 11-16, Italy about 5.22 7-8, Belgium 13.89, Germany 23.81 1-2, Holland 40.13 1-2, Norway 66 21 2, Sweden 26.72, Denmark 96.62, Switzerland 19.24, Spain 14.03, Poland 11.25, Czecho 2.06, Jugoslavia 1.75 1-2, Romania .591-2, Japan 58.65, Montreal.
MENTIONED IN THIS ARTICLE
New York
Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Meece
Poland
Czecho
Jugo-Slavia
Getria
Rumania
Arime
Brazil
Tokyo
Texas
de Ween Tennil
Real Hos M
Gen & Eia
Reo Motor Co
Juneau
Reynolds
Gillette Saf Raz
Rio Grande
Corp
Owe
Bak Pow
Am Agri
Lidden Co Oeewe
Dtch NY
eWay
Am Bank Note
Gobel Adolph
Am Sugar
St Louis
Am Bosch Mag
Goodyear T & R
Dopf
Schulte Ret
Br Bov el
Aye Enseenne
Graham Paige
Grant Co
Shell Union
Gt West Rere
Simmons Covenew
Hawali Sim i
Do Enbaey
Simms Petrol
Hide & Lea
Sinclair Conou
Gulf St Ste
Hershey Choc
Saa
Porto Rio Bug
Oreveee
Southern Ry
Amer Metal Eveen
Holland Furn
Spalding Oveeewnee
Sparks
O, Pow & Ltnt
Howe
Spear & F
Hudson Motor
Hud & Man
Spencer Kelloggee
Hupp
New Jersey
Stromberg
Enet Ee
Superior Steel
Harv Co
Sweets Co
Match
Tenn Cop & Ch. A
Andes Cop
Nick Can
Archer Dan Mid
Int
Paper Avenue
Tex Pac C & Oil
Armour del
Do C
Tex Pac Ld Tr
Do . A
Print Ink
Third Ave Ry
Eevee Ee
Thompson Co
Timken
Tel & Tel
Atl Coast Line
Dept Stores
Atl Gulf & Wil
Jewel
Atlantic
Atlas
Kancpé&Lsb
Cal
Atl
Balt & Ohio Enne
Union Pacific
Bangor & Aroos
Kelvinator Corp
Cigar St
Barnet Leather
Kenn Copper
Barnsdall Anem
Kinney Co Oeene
Peenes Ever
Bayuk Cigar
Kolster Radio
Eh Coal Vt Ctf
NatRy Pte
Kraft PhCeese
United Fruit
Kresge Co Wee Enone
United
Kreuger & Toll
Borden Co
Kroger Grocee
Ind Alle
Boston & Maine
Lambert Co
Leathin
Briggs
Om Oh
Lee Rub & Tire
Rity & Imp
Brit Emp Brockway Motor
Lehigh Prt Cem
ann —_— Tr
Ee Wwe
Lehigh Val Coal
Steel Oe Nena
Bkiyn ‘Ubien
Lehn & F
Do Eeerrerer,s
Brown
Ovnewe Lig
Univ Pipe & Rad
Bruns ‘Balke
Brere Yee Me Ut P & Lt
Bruns Tr & Liquid
Vadsee Corp
Bucyrus Erie Ry Oe Seth
Loew's
Vanad Corp
Burns Bros B
Loft Ine Sccbeeevet
Vick Chem
Wiles Bisc
Victor Tk Pr Pf .A
Wen
Lorillard Co Do Ist Pf
Oweee Ae
Virg Caro Oa
Louis G@a
Ludlum Steel
Waldorf Lyst
Callah Zinc Ld
Macy Co
Can Pacific Ee
Warren Bros
Warren Foly & P
Celotex Co
Maracaibo Oil
Webster Eisen
Central Alloy St
Marland Oiocene
Wesson
Cerro de Pasco
Marlin Rockwell
Certainteed
Marmon Motor
Ul Western Mol Wy Wad
Laa Martin Parry
Weat. Pacific Pt
Ches & Ohio
Mathieson Alkali
Penn el
Ches Corp
Penn P
Chi & Alton Pf
Western Ungel
Westingh Air Br
MulIntyre Pore M
Westingh E & M
P& Pl
Melville Shoe McKeesport Tin
Weston el Inst
Mengel Co Cadeced
Eagle Oi
Chi Nor
West Ri
White Motor Co
Chi Pney T Pfn
Miami Copper
Aespres A
Cluett “Saisie
Mo Pacific Eenee
Wright Aero
Wrigley Jr
Cole Aikman
Mohawk Cot Mill
Atontgom Wa
Young
Cole Fuel & Iron
Yngsta Sh & T
Colo & Southern
Ags Motor Wheel Motor Products
Colum G & Eln
Mullins
Columb Carbon
Nat Acmes Dorts Ree
Com Credit Wm
Nat Bellas Hess
Am Roll Mills
Nat Biscuit
Am Stores Ou Enn
Com Invest Trust
Auburn Auto
Congress Cigar
Balt & Chiorts
Ches Corp Rts
Cons Textile
Tex & Mex
C&o Rts Eh Aewenee
Crown Cork
Neil Aj
Cat & St Ace
NH & Hudies
Boss Hays Body
Houdaille Bahn
T & T Rts
Kimb Clarke
Norfolk & West
Morrell Oven
Nor Amer Co
Nat Air Trans
O Ee Ee
Nor Ger Lloyd
Newport A Ee Ee
Crosley Radio
Northern Pacific
Newton Steel Eee
Oliver Farm
Cuba
Norwalk T & Rub
Nunnally Co Phelphae
United Corp Com
Curtiss Aero
Otisteel Ssue
U S
Steelets
Cushman’s Sons
Owens Bottle
Warner Bros N
BTM
Cutler Hammer
Pac Gas & el
Westvaco Chier
Ee Cayamel Fruit
Pacific Light
Woolworth New
Davison Chem
Sy Or
Pacific of
Stub
Bendix Avia New
Debenhams Secta
Pac Tel & Tel
Granite’ C Steel
Deere & Co Pf
Rth
Allegheny Rts
Detroit Edison
Park & Tilford
Devoe & Ray A
Park Utah Mines
Poor & Co
Sai Se
Dome Mines
Hy Eg
Oh Wm Em
Devote Regarts
Dru Inc Oe Hom
Se Tin& Ent
du Pont de Nem
Penick & Ford
Duque
Bento
Penn
Durham Hos
Mn Kodak
Phila Rag
Cé Petrl
Elec Auto
Eaton Ax & Spr
Philip Morris
Philli Jones E
el Pow & Lt
Phillipoe
Pietrol
Emerson
Bis
Pittsburg Auto Ld
Pitts
Pitts It
New York Bonds Rise Amid Easing Market Tension
June 1 New York trading showed Con and German issues leading gains in the bond market. Convertible stocks touched new highs as prices moved to new levels across utilities and industrials, with several issues advancing and some backsliding in late sessions.
MENTIONED IN THIS ARTICLE
New York
Ees
Ger- Central
Pacific
Dit
Dee Oni Cement
International
H American Cement
O & Light
Invest- Northern
P & Ohio
Government Bonds Separated and Rearsons
Government bonds split into sections with adjustments and errors noted. Officials outline reasons behind the changes and potential impacts on investors and markets.
Markets at a Glance New York Stocks Atchison and Norfolk & Western Hit Highs
Stocks show irregular trading with Atchison and Norfolk & Western reaching new highs. Bonds mixed with convertible and government issues improving. Mohawk & Hudson Power at new tops in the curb market. Foreign exchange mixed while marks firm on reparations talk. Weather and holidays affect coffee and sugar markets.
MENTIONED IN THIS ARTICLE
New York
Atchison and Norfolk & Western
Mohawk & Hudson Power
New Tops
Profit Motive Under Scrutiny Amid Stock Market Deals
The text notes that some profits in stock trading are earned without honor, signaling concerns about ethical practices and integrity in financial markets. It implies ongoing debate over questionable gains and the need for accountability.
Cotton Prices Open Lower Then Rebound in Bearish Day
New Orleans June 1 The cotton market opened with an early decline and then partially recovered before steady liquidation pushed prices down. The close showed a net decline of 13 to 16 points as crop prospects remained bearish.
MENTIONED IN THIS ARTICLE
New Orleans
Wheat climbs on optimistic price and policy outlook
Chicago reports wheat rising amid hopes of bottom prices and expected farm relief legislation. Trade leaders foresee a farm board within two weeks and reduced production in the US and Canada from last year. Cash grain prices show No. 1 northern spring at 96 1/2 cents and various corn oats and seed values.
MENTIONED IN THIS ARTICLE
Chicago
United States
Canada
New Orleans Cotton Futures Close Steady Decline
Cotton futures in New Orleans closed very steady with a net decline of 1 to 16 points. Prices for January through December contracts drifted lower, with middling at 17 points down and total sales recorded at 37 bales.
MENTIONED IN THIS ARTICLE
Orleans
New Orleans
New York Cotton Prices Slip in Late Trading
In New York on June 1 the cotton market saw renewed liquidation in the late session. July dipped to 18.06 and December to 18.40, closing barely steady with a net decline of 7 to 10 points. A private crop report showing 60.7% condition versus 72.8% last year and a 2.2% rise in acreage had little impact on the near-term market.
MENTIONED IN THIS ARTICLE
NEW York Cotton
New York
Liverpool Spot Cotton Prices Fall in Quiet Trade
Spot cotton in Liverpool slipped as prices declined across grades. American cotton dominated activity with 4,000 bales sold including 3,500 from the United States. receipts matched at 4,000 all American. Futures closed quiet and steady with July at 9.76 and May near 9.80.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago livestock market notes June 1 via U.S. S.C.A price reports
Hogs receipts 3 000 with 225 lb class at 5.10 lower. top around 10.90 for 215 lb weight. Cattle receipts 200. fed steers and yearlings up to 40 cents higher. cows and heifers down to 25 cents. Sheep receipts 4 000. fed lambs 1.00 lower. wooled and shorn lambs quoted with top weekly prices. late bulk shorn lambs 11.50 12.00 and springers around 16.00. California springers 12.50 13.25.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
U.8
S.C.A
California
East St. Louis Livestock Prices Report
East St. Louis June 1. Hogs 5,000 and cattle 500 with vealers, lambs and sheep traded. Hogs mostly steady with top 11.00 for 160 to 225 lb. cattle up to 40 cents higher in several categories. vealers steady with week’s top at 14.60 for 964 lb yearlings. Lambs and sheep mixed with spring lambs about 14.75 to 16.25 tops. sheeps steady overall.
MENTIONED IN THIS ARTICLE
East ST. Louis
USDA
Chicago Poultry Prices and Receipts Report
Chicago market report from June 1 lists live poultry receipts at 3 cars with detailed prices for fowls 27 1 2 to 28 1 2, broilers 40, roosters 20, turkeys 22 30, ducks 20 25, spring ducks 28, and geese 15.
MENTIONED IN THIS ARTICLE
Chicago
Naval Stores Market Report Savannah June First
Turpentine firm reports sales 473, receipts 494, shipments 39, stock 14 921 while Rosin firm shows sales 15 885, receipts 179, shipments 65 190. Prices are listed for multiple grades from B to WG with ranges from 6.30 to 8.70 per ...
MENTIONED IN THIS ARTICLE
NAVAL
Savannah
Turpentine
Rosin
Chicago Dairy Butter Prices Rise on Stable Receipts
Chicago June 1. Butter higher with receipts of 27,293 tubs. Creamery extras on 42 1 2, standards 42 1 2, extra firsts 41 2, firsts 40 1 2. Changes in receipts show 36,301 unchanged.
MENTIONED IN THIS ARTICLE
Chicago Dairy
Chicago
Chicago Potatoes Market Report June 1
Chicago market notes show 73 carload receipts on tracks and 215 new stock, total U S shipments 675 cars. Bliss Triumphs priced 3.50 to 3.75 in Alabama and 3.00 to 3.25 in Texas with 2.00 or higher for poor stock, Irish Cobblers in South Carolina 5.50 to 6.75, round whites in Wisconsin Minnesota 60 to 70 cents, russets Idaho 1.53 to 1.65.
MENTIONED IN THIS ARTICLE
Chicago
United States
Alabama
Bliss
Texas
South Carolina
Wisconsin
Minnesota
Tsosc
Idaho
Grain And Provisions Market Report From Chicago
Wheat prices are seen as below cost of production in major exporting countries with global oversupply. Corn, oats and other provisions fall to new lows while US wheat supply nears 95 million bushels and new crop yields are expected to rise. Hog weights suggest increased corn feed. oats crop prospects look favorable.
MENTIONED IN THIS ARTICLE
Chicago
United States
Texas
Oklahoma
Weekly Financial Review Signals Market Turmoil and Credit Easing
The New York weekly market summary reports a drastic stock decline tied to a wheat price drop reaching 15 year lows. Credit conditions ease as securities price declines free up liquidity, while bond prices hit new lows and call money remains at six percent.
MENTIONED IN THIS ARTICLE
Weekly Financial Review
New York
Wall Street
Associated Press
General Motors
Hudson
Chrysler
Montgomery- Ward
Anaconda Copper
International Combustion
Johns-Manville
Marland Oil
Wright Aeronautical
Pubiic
May rainfall breaks Mobile record with heavy downpour
A major storm drenched Mobile with record May rain, dumping over two inches by 8 p.m. and more than two inches by 8 o'clock. Lightning damaged boats at Arlington docks and a transformer sparked a fire at St Louis and Royal. City streets flooded, sewers relieved flooding, and police logged over 50 calls.
MENTIONED IN THIS ARTICLE
Mobile
Arlington
St. Louis
Royal
Alabama Power Company
Health first in farming relief plan gains support
Washington reports public health officials from the United States and Canada back a Capper Bankhead bill for federal state rural health extension. Speakers argue farmer welfare hinges on physical health and sane voting, urging action over delays. Dr. James A. Hayne of South Carolina emphasizes improving health to enable sound decisions and leadership.
MENTIONED IN THIS ARTICLE
Washington
United States
Canada
Capper
Kansas
Representative Bankhead
Alabama
Congress
James A. Hayne
South Carolina
Algonquin Docked Burning After Bay Fire
The Mallory liner Algonquin rested at a Galveston pier with bow sunk and bulging sides after a fire in her hold was discovered Thursday night. Passengers including eight foreign girls from the Galveston beauty contest joined the deck in night clothes. About four hundred tons of general cargo were likely ruined beyond salvage.
MENTIONED IN THIS ARTICLE
Galveston
Texas
Trio Escapes Louisville Jail by Sawing Bars
Three prisoners escaped from Jefferson county jail in downtown Louisville early today after sawing bars from two cell doors and cutting a steel ventilator. They lowered themselves to the jail yard on bedsheet ropes and scaled a thirty foot nail with a painter's scaffold for aid.
MENTIONED IN THIS ARTICLE
Louisville
Jefferson County
Kar sher Promoted To Assistant General Freight Agent
W E Karsher Jr of Mobile, longtime associate of the Alabama Tennessee and Northern railroad, has been promoted to assistant general freight agent. He will assist E C Ash, the general freight agent, in freight operations.
MENTIONED IN THIS ARTICLE
W. E. Karsher, Jr
Alabama, Tennessee & Northern Railroad
Mobile
E. C. Ash
Market Summary Faces Mixed Steel and Oil Activity
Steel shares show sluggish gains amid strong output and demand. Vanadium and Superior hit new lows while Sloss-Sheffield halved on dividend omission. Oil shares stall despite price rises. crude output up last week. Industry leaders anticipate Hoover conference in Colorado Springs mid June. Mail order and farm equipment decline on wheat price drop. Case Threshing and Montgomery Ward slide. Advance Runnery issues tumble. Week brokers loans report indicates shifts.
MENTIONED IN THIS ARTICLE
Vanadium
Superior
Sloss-Sheffield
Ind
Hoover
Colorado Springs
Montgomery- Ward
Army Delves Into Fatal Duel at Fort Snelling
In St Paul June 1 army authorities investigated a fatal duel involving William Hirst who shot Lieut Walter R Miller in a home confrontation. Miller remains seriously wounded with a shattered left leg, possible amputation. Hirst faces assault with intent to kill charges as a board reviews the case. Miss Nan Ferguson testified to threats and was questioned then released.
MENTIONED IN THIS ARTICLE
ST. Paul
Minn
Fort Snelling
William H. Hirst
Walter R. Miller
Army
Ceste
Ee Miller
Ferguson
Nan Feles
Hirst
Miller
Col
W. G. Sweeney
Miss Ferguson
Rockefeller Gives Washington Portrait to Virginia Custody
John D. Rockefeller Jr. has placed the portrait of George Washington by Charles Willson Peale in Virginia’s custody. The Carter family estate lent the painting to Virginia House for display, and it is likely to remain in state hands with Governor Harry F. Byrd deciding its future location.
MENTIONED IN THIS ARTICLE
Richmond
John D. Rockefeller, Jr
Charles Willson Peale
George Washington
State of
Harry F. Byrd
Virginia
Atlantic City Debuts Diamond Jubilee Convention Hall
A quarter million people join in Atlantic City's threefold golden jubilee celebration. Vice President Curtis dedicates the new convention hall as part of the city's 1854 founding anniversary. The National Electric Light Association opens its first convention in the world’s largest auditorium, led by Preston S. Arkwright of Atlanta.
MENTIONED IN THIS ARTICLE
Atlantic City
N. J
Curtis
National Electric Light Association
Preston S. Arkwright
Atlanta
Mrs Hoover Visits Providence en Route from Cambridge
Mrs Herbert Hoover wife of President Hoover spent the night with Mrs William Hoff of Barrington Rhode Island a national Girl Scouts leader. Mrs Hoffmans daughter in law said the Hoover party left Barrington by car for an unannounced destination after departing Radcliffe College where she was a guest of honor.
MENTIONED IN THIS ARTICLE
Providence
R. L
Herbert Hoover
President Hoover
William H. Hoff
Barrington
Girl Scouts of America
Harbord Elected President of Second Division Veterans
Boston June 1 Veterans of the Second Division elected General James G Harbord as president at their 11th annual reunion despite his wish to decline. General Wendell Neville was chosen vice president George W Gordon was re elected treasurer and Captain C O Mattfeldt re elected secretary. Los Angeles will host the 1930 reunion.
MENTIONED IN THIS ARTICLE
Boston
James G. Harbord
Harbord
Wendell Neville
United Aine Corps
George W. Gordon
Chicago
C. O. Mattfeldt
Washington
Los Angeles
Mitchell Victor London Opens Selsdon Park with 36 hole win
Mitchell Victor London wins the opening 36 hole medal at the new Selsdon Park course with a total 145. Ed Dudley shoots a 66 in the second round but totals 146 for second place while Johnny Farrell finishes third with 147.
MENTIONED IN THIS ARTICLE
Abe
Selsdon Park Course
London
Ame Mitchell
Selsdon Park
Ed Dudley
Johnny Farrell
Also Mentioned on This Page
Mbtar
R Pearian
Reine
Une Ng
Toct
NEW Farm Relief
Algonquin
Trio
Karsher
John D., Jr
Mrs. Hoover
Girl Scouts
General Harbord
Veterans Second Division
Mitchell Victor
Negro