Stocks End Day In Slump After Irregular Trade
Stock markets closed lower after uneven trading led by gains in rails metals and low priced issues while many leaders failed to follow. Major movers included American Telephone General Motors U S Steel Du Pont and Constellation of rail stocks with several leaders slipping 1 to 3 points.
MENTIONED IN THIS ARTICLE
John L. Cooley
New York
Rails
Standard Statistics Associated Press
Dollar Exchange
American Telephone
American Can
General Motors
U. S. Steel
du Pont
Allied Chemical
Standard Oil
New Jersey
Case
New York Central
Radio
Anaconda
Otis Elevator
Calumet & Hecla
General
Canadian Pacific
Grigsby
Trans-America
Baltimore & Ohio and
Southern Railway
Western Union
Santa Fe
Union Pacific
North American
Woolworth
Consolidated Gas
Chicago Produce Market Report May 31 Prices and Grades
Butter prices hold steady with creamery and extras listed by score. Eggs at 50,956 with steady quotes for extra firsts and graded firsts, while poultry shows trucks delivering hens and Leghorn items with varied penny values across live birds and turkeys in market listings.
MENTIONED IN THIS ARTICLE
Chicago
Foreign exchange updates in New York markets
On May 31 the New York foreign exchange market showed ease with key quotes for Great Britain at 2.99 percent demand and 4.00 for cables. France at 4.67 percent demand, 4.675 cables. Italy at 6.20 percent demand, 6.21 cables. Belgium and Germany demands listed, plus Montreal and New York exchange rates.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Montreal
Copper Sold At 7 Cents A Pound In Domestic Market
New York May 31 copper fetched 7 cents a pound in the domestic market, the highest price in about a year and up from Monday. Most producers stayed out of the market at that level. Export sales were active, ranging from 7.60 to 7.80 cents. Lead rose to 4.10 cents a pound, helped by American Smelting & Refining Co.
MENTIONED IN THIS ARTICLE
New York
American Smelting & Refining Company
Wool prices rise in Boston market as month ends
The Boston wool market continued upward today with dealers saying prices are still not high enough for new western clip purchases. Domestic wools nearly match foreign wools and further gains are expected to stoke competition amid the month’s sharpest rise.
MENTIONED IN THIS ARTICLE
Boston
West
Wool Prices Rise in Boston as Supplies Tighten
Prices for fine Ohio delaine and half blood combing wools ranged at 28c per pound grease basis, today. Three eighths blood and quarter blood wools held firm at 32c with signals of further increases, while territory fine wools at a clean basis reached 68c amid limited stock affecting business.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Territory
Potato Prices rise as shipments climb in U S
Chicago May 31 Potato markets show 82 on track and 197 total U S shipments 348 Tuesday 447 old stock steady and trading moderate. Wisconsin round whites 75 85c Idaho russets 1.60 1.65 few higher new stock stronger trading good supplies moderate Alabama Louisiana prices 2.15 2.25 few 2.35 decayed 1.90 2.10 No 2 1.00 1.25 Alabama cobblers few sales 2.25.
MENTIONED IN THIS ARTICLE
Chicago
U. & Dept
U. S
Wisconsin
Idaho
Alabama
Louisiana
Butte Hog Market Quotation Report
Hogs were quoted in the local market with prices for various weights: Choice 4s c, medium heavy 4 4X%c, heavy 3%4c, extra heavy 3 3%c, Ve nt 4 4tac, extra light 1 1%c. The figures reflect yesterday's pricing in the Butte market.
Flour quoted in Butte market at five twenty
Local Butte market reports flour at $5.20 per unit in yesterday's price quotes.
Steel Industry Surges to 41 Percent Capacity
New York May 31 UP The steel industry now operates above 40 percent of capacity with ingot output at 41 percent, up from 38 percent a week ago. May steel bookings were the heaviest for any month in nearly two years for many companies.
MENTIONED IN THIS ARTICLE
New York
Iron Age
Hog prices move as cattle and hog markets mix in Chicago
Chicago May 31 cattle 11 000 calves 1 500 steer and yearling runs strong to 15c higher better grades yearling heifers 10 15c higher top 7.50 for 999 lb yearlings bulls strong to 10c higher direct hogs 18 000 top 5 few sales 4.95 most bids 4.85 to 4.90 190-300 lbs 4.85 4.90 heavier pigs 4.75 140-180 lbs 4.35 4.90 packing sows 4.40 down sheep 10 000 native fat lambs steady to lower yearlings 6 7 7 75 per head
MENTIONED IN THIS ARTICLE
Chicago
Omaha
California
Denver
USDA
South ST. Paul
Minn
U. S. Dept
Omaha Market Report Shows Mixed Cattle Hog and Sheep Trade
Omaha May 31 cattle runs reach 7500 head with fed steers and yearlings in strong to steady demand and bulls weak. Hogs total 17500 with declines noted. top at 4.55 for 240 lb, 4.35 4.50 for 160-350 lb. Sheep 4500 head weak to 25 cents lower with California lambs near 7 dollars and yearlings around 5 3.5 dollars.
Cattle Hogs and Sheep Prices From Denver Market Report
Denver market report shows 1,000 cattle and 3,500 sheep with calves and hogs traded. Prices range calf loads at 5.90 to 5.60 per pound, beef steers weak around 5.40 to 5.65, cows 3.75 down, hogs mostly 4.35 to 4.75, sows 3.75 to 4.40, lambs 6.00 to 7.25 with yearlings around 5.65.
Market Report From South St. Paul Cattle Hogs Sheep
Cattle receipts 2700 with varied prices for steers yearlings and bulls slaughter steers. Hog receipts 6500 with 15c drop. top price 4.55 for 200–230 lb hogs. Sheep receipts 1000 with packers seeking lower lambs and yearlings but steady to 7.50 on choice lambs and 6.25 on choice shorn yearlings.
New York Money Markets Hold Steady On May 31
Call money remained at 1 percent for the day. Time loans eased with 60 to 90 days at 1 percent, four to five months also at 1 percent, and 6 months at 1 percent. Prime commercial paper yielded 1 percent with a stray percentage. Bankers' acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Treasury May receipts and expenditures reported
Treasury figures for May 27 show receipts of 3,212,421.85 dollars and expenditures of 10,248,628.51 dollars, reducing the balance to 337,523,648.94 dollars. Customs duties for 27 days totaled 18,640,803.43 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Stock Exchange Restores About 500 Employees in San Francisco
A San Francisco survey found around 500 stock exchange workers have been rehired to full time by about fifty firms. The report notes all layoffs during the downturn have ended and several houses are hiring more staff.
MENTIONED IN THIS ARTICLE
San Francisco
San Francisco Stock Exchange
Stock Exchange
Minneapolis Grain Prices May 31 Market Report
Minneapolis May 31 Wheat prices open high low close figures show slight gains with July and September futures trading around 73 percent and 73.5 cents per bushel. Market report notes fluctuations in open interest and daily ranges as traders respond to weather and demand signals.
MENTIONED IN THIS ARTICLE
Minneapolis
Winthrop, Mitchell & Co
Metal markets report shows mixed gains on copper tin and zinc
New York May 31 copper firm electrolytic spot and future 7%c. Tin strong spot and nearby 41.25 and 41.37. Iron quiet unchanged. Lead firm spot New York 4.10c East St. Louis 3.95c. Zinc firmer East St. Louis spot and future 4.3094.35c. Antimony spot 6.35c.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Salt Lake Mines Price Listings Reported
May 31 Salt Lake City report notes bid asks for various mines and metals including Rico Ars Chief Ons Lil K Cl Comb Mts Shield Stud L8td Moscow and others with quoted ranges and fractions. Names Winthrop Mitchell & Co. provide market tidbits from Salt Lake City.
MENTIONED IN THIS ARTICLE
Winthrop, Mitchell & Co
Salt Lake City
Moscow
Quincy
Spokane Stocks May 31 Bid and Ask Quotes
Spokane markets list bid and ask prices for mining and trading firms. Entries include Big Misso Nobl Pive Golconda Sher Led Grandview Gunshine Heela Tam'reck Jck Waite Wellingtn Met Mts N W Life and others with varied bid and ask figures.
MENTIONED IN THIS ARTICLE
Winthrop, Mitchell & Co
Spokane
Big Misso
Bunk'rhill
Pend'eille
Dayrock
Prem Gid
Golconda
Sher
Grandview
Heela
Tam'reck
Jck Waite
Wellingtn
Mts
Tis N W Life
McGillvry
Boston Market Quotes Mixed for Bonds and Stocks
Market report from Boston lists bid and asked prices with several company names such as Quincy Hancock Swift Isle Royal US&S Mohawk Apex Nipis Mtis and No Butte. Quotations show small percentage spreads and varied levels, with no clear leader in the snippet.
MENTIONED IN THIS ARTICLE
Oe Mitchell & Co
Boston
Cop Ranse
Quincy
Hancock
Swift Co
Isle Royal
Us&s Mac
Mohawk
Uth Apex
Nipis Mns
Uth Mtis
Butte
Scattered sales hit curb stocks in waning session
New York May 31 Up scattered selling checked the curb stock upswing though the general list kept a firm tone. Renewed support came late lifting public utility shares from early lows. Fractional gains in Electric Bond & Share American Gas Brazilian Traction United Light and Power. Standard Oil of Indiana held steady while some oils and auto issues moved.
MENTIONED IN THIS ARTICLE
New York
Electric Bond & Share
American Gas
Brazilian Traction
United Light and Power A
Standard Oil of
Indiana
Petroleum Division
Gulf
Humble
Standard of
Nebraska
Ford of
Canada
Sugar prices hold steady in New York market
New York May 31 refined sugar unchanged at 4.50 cents and second hands offered at 435 cents.
MENTIONED IN THIS ARTICLE
New York
Wheat futures slip as crop prospects weaken in May report
Chicago May 31 Wheat futures eased after unofficial May crop prospects suggested no improvement from government May 1 figures. July wheat fell to 1% to 1% decline near intraday highs, with corn and oats also drifting lower amid large receipts and ample rural supplies. Prices quoted include July at 1 1/4 to 1 1/2 cents. December at 7 1/4 to 7 3/4 cents. oats and provisions also moved lower. seeds and forage values listed.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis Grain Market Report May 31
Minneapolis grain markets show wheat at 263 cars vs 42 a year ago with percentage declines. Cash prices list No 1 northern around 741 75c and No 1 amber durum mixed with 71 to 73 for various futures. corn No 3 yellow 364 39c. oats No 3 white 2214 22c. rye No 2 551 55c. flax No 1 1.56 to 1.5914. sweet clover seed 1.25 to 1.50.
MENTIONED IN THIS ARTICLE
Minneapolis
Montana
Portland Wheat Prices and Receipts
Portland market notes show May wheat at 60 1/2 cents, July 61, September 62. cash bids include Big Bend blue stem 68 1/2, dark hard winter 12 percent 70c and 11 percent 66c, soft white 61, western white 58 1/2, oats No 2 white 22 1/2 cents. Receipts: wheat 54, barley 23, flour 32, oats 1, hay 11.
MENTIONED IN THIS ARTICLE
Portland
Big Bend
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Day
New York Stock Exchange
Winthrop Mitchell & CO
Alaska Juneau
Alleghany Corp
Nane Allis Chalmers
Sete Am
Ur. FW
Amer. Inter. Corp
Ee Amer
Amer
Smelters. Com
Amer. Snuff. Com
Amer. Steel Fury
T. & T.ooee
Zinc. Com
Ana
Wire & Cable
Armour
Atchison Eerenee
Beatrice Creamery
Best & Co
Bendix Aviation
Bethlehem Steel
Borden & Co Os
Bohn Aluminum
Borg & Warner
Briggs Mfg. Co
Superior
Eens Byers A. M
Canadian Pac. Ry
Nanos Case Co
Celanese Corp
Cerro de Pasco
Chesapeake & Ohio
Eees
C. M
St. P
Com
Chi
Rk. Isl
Coca Cola Co
Ene
Chrysler Motor
Veees Cola Fuel & Iron
Columbia Carbon
Columbia Gas
Commer. Solvents
Lth
Sc. Corp
Congoleum Nairn
Consolidated Cigar
Consolidated Oil
Dia
Del
Motors
Curtiss Wrigh
Curtis
Drugs, Inc
Douglas Aircraft
Dupont
Eaton Mfg
Elec
Power & Life
Erie Common
Fox Film Risccecess
Texas
G. Shattuck
General Electric
General Foods
General Mills
Gillette Razor
Cove
Glidden
Goodrich Rubber
Goody’r
Tire & Rub
Graham Paige
Granby Con
Coos
Gt. North
Ore
Gt. Northern
Pfd
West’n Sugar
Gri Grunow
Gulf States Steel
Oeom
Homestake Mining
Houston Oil
Old
New
Howe Sound
Hudson Motors
Hupp Motors
Ingersoll Rand
Inter
Int. Cement. Com
Inter. Harvester
Intel A& Dilsaves
Johns Manii
Kelly Nw
Kelvinator Co
Kennecott Copper
Kresge
Kroger Grocery
Lambert & Co
Lee Rub. & Tire
Liggett & Myers
Lorillard Tobacco
Louisville G. E
McKeesport Tin
Macy & Co
See Casa
Matheson
Miami
Kan
Missouri Pac
Montgomery Ward
T'glesees ‘Motor Wheel
Weeee Murray Corp
Wnee
Nash Motors
Eee National Acme
Nat'l Dairy
Noranda Mines
M. A. Aviation
North Amer. Corp
North. Pac. Ry
Ohio Oil
Owens Ill. Glass
Gas & Elec
Eeee
Packard Motors
Park
Utah Mining
Phelps Dodge
Pennsylvania
J. C. Penney Co
Phillips Petroleum
Proctor & Gamble
Pub. Serv
N. J
Ae Weer
Remington Rand
Seeee 'Repub. Steel Corp
OR. J. Reyn
Tob. B
Royal Dutch N
Simmons Co
S. P. R. Sugar
Cal. Edison
Pac. Ry
Southern Ry
Cal
Sien Yr Warner
Studebaker
Tenn. Gop
Chm
Texas Corp
Texas Gulf
Tex Pac Coal & Oil
Tex. Pac
Lnd
Tidewater Assoc
Timken Roller
Transamerica . Co
United Aircraft
United Corporation
United Fruitee Eewel
United Gas Imp
U. S. Indus Alcoho
U. S. Pipe & Fury
U. S&s. Rubber Ecce
U. S. Steel U
Union Carbide
Union Oil of Calif
Union Pacific Ry
Util. P. & L
Arner Bros. Pict
Amano Bros
Weer
West’gh’se Airbr
Union Tel
Westinghouse
Jewel Worthington Rae
Truck & Cab
Goodrich
Goodyear
Humble Oil
M-K-Tex
Cvcee
Pac G & E
Nccaseccecs
Unit Drug
Csccccese TW
US Rubber
Ceeeeeee
Vteh P&l Ss
Ercesecsce
West Pacist
West Union
Yngstar & T
Brazil
Norway
Allegheny Corp
AT & T
At&t
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Treasury Report
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Poland
Metal Markets
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Hill
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Niles
Montana Stock & Bond Co
Ardsley-Butte Mines Basin Goldfields, Ltd
Montana Tunnel
Butte Copper Cons
Butte Highlands Mining
Butte & London
Butte Mines Holding Corp
Cons Mining & Milling
Corp Trust
E Corp Trust
Sane Corp Trust
Ase
Petroleum Eteeres
Copper Tree National Parks Airways
Wetee
Sunshine Mining
Ste Weeeee
Sup Corp of
Amer Trust
Eee
Vosburg Syndicate Zonolite Company
Sere En Enna
John P. Boughan
Timothy
Coice
Esnar
Minneapolis Grain
Portland Wheat
Metals Bank & Trust Co
First Bank Stock Corporation