Market gains on broad rally as stocks rebound today
Active issues rose one to four points with several exceeding the day’s top. Trading was moderate with about 800000 shares, as speculative accounts were trimmed and short interest extended. Notable moves included Nash Motors up four points for the day, Allied Dry Goods up over ten, and rail and industrials rising with European sentiment firming on Mussolini.
MENTIONED IN THIS ARTICLE
Nash Motors
Associated Dry Goods
American Radio
Jersey Central
National Distillery Products
Sears, Roebuck
UU. & Steel
American
Baldwin
Allis Chalmers
Consolidated
Delaware
Hudson
Lackawanna
Reading
Lehigh Valley
Chicago Great Western
Atchison
Atlantic Coast Line
Chicago Northwestern
Missouri Pacific
Illinois Central
Mussolini
Market Report Wheat and Corn Prices Chicago Jan 17
Chicago market notes show wheat with no sales. Corn bids include No 4 mixed at 1.18 and No 3 yellow at 1.27. Oats list No 2 white 60 60% and No 3 white 58% 58%. Hye No 2 at 1.64. Barley at 87 1.01. Timothy seed quoted 5.75 6.75. Clover seed 26.004 ies Lard 16.07. Ribs 17.37. Bellies pending.
MENTIONED IN THIS ARTICLE
Chicago
Cross Words and Prices in a Snappy Exchange
A quirky shopper exchange mocks crossword puzzles and price marks. Vendors complain about errors and bargaining, with asides on selling ethics and rivals. The piece ends with a humorous note about smelling salts for emergencies.
Money AT WORK Brief on Finance and Investments
A compact briefing highlighting core finance lessons. Topics include budgeting, saving, risk assessment, stock market basics, and portfolio diversification for prudent investing.
Hedging in Insurance and price risk protection
Hedging is the only form of insurance not capitalized and protects against price fluctuations in grain. An elevator hedges wheat by simultaneous cash and futures transactions, example with Sept and Dec wheat showing no net gain or loss, storage risks removed.
Sugar futures hold firm as Cuban cash sales rise
The sugar market in New York shows firm raw prices with Cuban duty paid at 4.59 and 15 000 bags sold for prompt shipment to a local refiner. January, March, May and July futures move, refined prices steady with one May delivery lot at 6.35.
MENTIONED IN THIS ARTICLE
New York
Poultry Prices Rise in Kansas City and Portland Trade Notes
Poultry markets show broilers and springs up in Kansas City with broilers at 23 and springs at 21. Chicago reports unchanged live poultry. Portland receives 30,000 case order for red salmon from England but cannot fill it as this grade is largely sold. buyers seek full opening prices and Columbia River spring chinook is in demand.
MENTIONED IN THIS ARTICLE
Kansas City
Springs
Portland
Ore
England
Columbia River
Stock Market Reactions Shock Markets In January Week
New York sees reactionary trends as overbought signals trigger selling across accounts. Trade news remains favorable with steel operations near capacity and rising commodity prices while individual issues swing on merger talks and earnings gaps. U S Steel tops 125 for first time in eight years and New York Central nears 124.4. sterling stalls toward parity as Danish credit news improves markets.
MENTIONED IN THIS ARTICLE
New York
Mis
I¢Mport
American Petroleum Institute
American Sugar Refining
National Sugar Refining
St. Paul
U. S. Steel
New York Central
National City Bank
Wheat Reaches Record Highs in War Time Grain Market
Chicago Jan 17 War time prices lift the wheat market with No 2 red winter at 2.00 1/8 for immediate delivery and May futures around 1.88 amid 700 million bushels world bread grain deficit. Corn climbs 4% while oats hold. provisions swing with corn. Shipping delays in Australia add to price strength.
MENTIONED IN THIS ARTICLE
Chicago
United States
Australia
Wool prices firm across markets as openings loom
In the wool market the general tendency is to wait for openings in finished goods and foreign markets for the day product. Sydney and Melbourne sales at week's start stimulated the focal situation and prices remain firm in most cases.
MENTIONED IN THIS ARTICLE
Boston
Sydney
Melbourn
Australia
Curb Oil Quotas Tighten as Prices Fall Across Markets
New York January 17 Traders react to curbs on oil quotas with declines in several listings. Traffie Vipe Lime hits 110 while Standard of Indiana sits at 64% and Standard of New York at 45%. New Bradford shows no listing and Mutual sits at 14% with Salt Creek Con at 7M.
MENTIONED IN THIS ARTICLE
Curb Oil
New York
Standard of Indiana
Standard of
New Bradford
Mutual
Salt’ Creek
Bank Conditions Show Reserve Excess For Week
New York January 17 The actual condition of clearing house banks and trust companies reports an excess reserve of 70.5 percent with reserves rising by 93 771 990 dollars from the prior week.
MENTIONED IN THIS ARTICLE
New York
Potatoes and West Coast Building Activity Reported
Chicago potatoes show limited early trading with receipts at 42 cars and total U S shipment 730. Wisconsin round whites traded 1.10 to 1.20 with most around 1.15 and higher prices for fancy shade. San Francisco notes Pacific coast building pause not occurring this season. December total for 80 cities reached 39,902,304 with California leading, Oregon second, Washington third. Volume remains strong so far this month.
MENTIONED IN THIS ARTICLE
Chicago
Tottal U. S
Wisconsin
San Francisco
Pacific Coast
California
Oregon
Washington
Chicago Rent Outlook Amid Vacant Apartments
Chicago January 17 Thousands of vacant apartments across residential sections hint at a rent drop as evidence shows a large over supply of high priced units though many new buildings are still under construction.
MENTIONED IN THIS ARTICLE
Chicago
Philadelphia Yarn Makers See Sustained Improvement
Philadelphia yarn manufacturers report clear improvement over the last two months and anticipate satisfactory business for at least four months with possible higher prices.
MENTIONED IN THIS ARTICLE
Philadephia
Philadelphia
Colorado beet sugar output tops seven hundred million pounds
Denver reports this season's Colorado beet sugar production will reach about 700,090,000 pounds with an estimated farm value of $22,060 for the beets and a total value near $45,000,000.
MENTIONED IN THIS ARTICLE
Denver
Colorado
Real estate outlook shows mixed rents and rising housing demand
A six month survey across 259 cities finds 61 percent with housing shortages, 49 percent with rent steady, 50 percent with rent rises and 15 percent with reductions. Demand grows for single family dwellings with under supply, while smaller cities flag apartment shortages and suburban districts add apartment construction.
MENTIONED IN THIS ARTICLE
New York
United States
Chicago and New York Butter and Egg Prices Report
Chicago and New York market notes show butter and egg price moves with receipts and grade breakdowns. Butter in Chicago rising with extras and firsts ranging around 36 to 49 cents. eggs receipts exceed 1 651 cases with varied firsts and seconds. New York butter unsettled with creamery and extra firsts around 38 to 49, receipts over 9 000. cheese firm with 172 086 pounds.
MENTIONED IN THIS ARTICLE
Chicago
New York
Hennery
Hennery Browns
Pacific Coast
Exchange Rates and Currency Quotations Listed
Foreign exchange firm reports quotations in cents for major currencies. Details include Great Britain 477% demand and 77% cables, France 5.394 demand and 5.40 cables, Germany 23.86 demand, Belgium 5.02, Italy 4.17% demand, Argentina 406.12, Brazil 11.75, Tokyo 38% and other rates for Poland Czecho Slovakia and Yugoslavia, with Montreal at 19 32.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo- Slavia
Austria
Rumania
Argentine
Brazil
Toklo
Montreal
Diverse Midweek Industrial and Market Briefs
Silver and copper prices move in early markets with Mexican dollars at 2 percent and London silver at 32 5-16 per ounce. The Dwight Manufacturing Co. Chicopee resumes five day work. Febgian Woolen Mill Medway restarts. Renfrew Mfg Co North Adams cuts wages by 10 percent. Louisiana orders slash gas use by carbon black plants from 496 million to about 275 million cubic feet daily.
MENTIONED IN THIS ARTICLE
Boston
Dwight Manufacturing Co
Chicopee
Febgian
Medway
Renfrew Manufacturing Co
North Adams
Shreveport
Louisiana Econservatio) Department
Louisiana
Production rebound in Arkansas and Louisiana fields grows
Shreveport reports a holiday slump ending with rising oil output. Daily production climbed to 2,814 barrels, with 21 new wells adding 3,620 barrels to initial production across Arkansas and Louisiana fields this week.
MENTIONED IN THIS ARTICLE
Shreveport
Arkansas
Louisiana
Wheat trading on large scale at day's close
Chicago reports a surge in prices as U S visible supply fell and foreign buying rose. Wheat and corn hit new highs with May at 1.88 1/4, July 1.63 1/8, oats up, and provisions mixed. Factors include European buying, Argentina weather delays, a Liverpool peak, and rumors of Russia and Italy buying grain.
MENTIONED IN THIS ARTICLE
Chicago
United States
Liverpool
Russia
Argentina
Australia
Europe
Gulf of Mexico
Italy
Germany
Kansas City Livestock Prices Report
Cattle totals 1,300 head with calves 50 and fed steers and yearlings up 25 cents. Top 11.50 for long yearlings, 1,422 pound beeves 11.25, stock cattle and feeders largely steady to higher. Hogs 6,000 receipts steady to higher. top 10.25, bulk 9.75 to 10.15. Sheep 130 head for the week. lambs steady to higher with top 18.70 and bulk 17.50 to 18.00.
MENTIONED IN THIS ARTICLE
Kansas City
St. Joseph
Livestock Market Reports From St Joseph and Chicago
Livestock receipts and price ranges for hogs cattle sheep are listed for St Joseph Missouri and Chicago Illinois with varied movement. Hogs show mixed to steady trends with top and bulk price figures noted, while cattle and calves reflect weekly shifts and declines in some grades and gains in others. Sheep see steady to higher week figures with fat lambs and feeding lambs listed across several price points.
Omaha stockyard prices in cattle hogs and sheep report
Hog receipts 6 500 in slow steady tone with bulk 200 to 250 pounds at 9.25 to 10.25 top 10.25. cattle receipts 50 with beef steers and yearlings 40 cents higher to 11.00 top. sheep receipts 2 000 lambs 25 to 30 cents higher and fed western lambs 17.90 to 18.10 with top 18.50.
Cattle and hogs prices slide in Portland market notes
Portland report shows cattle steady to 25 cents lower from a week ago with calves down 50 cents. Beef steers quoted 5.50 to 7.00 with top 7.75, cows and heifers 3.50 to 6.00, canners 1.50 to 4.00, bulls 3.25 to 4.50. Hogs receipts 49 by boat with desirable weight butchers 11.25 to 11.35, heavies and underweights 11.00 down, packing sows 8.50 to 9.50, slaughter pigs variable.
MENTIONED IN THIS ARTICLE
Chicago
Portland
Ore
Late Potato Shipment Still Large Across States
Idaho shipped 89 carloads on Thursday, behind Maine with 67 and Wisconsin with 92. Total day shipments reached 74 carloads, with forecasts of a long shipping season. Markets show varied prices across regions and destinations, with Idaho primarily supplying California and western points.
MENTIONED IN THIS ARTICLE
Idaho
United States Department of Agriculture
Brancn
Idaho Falls
Maine
Wisconsi
California
Pocatello
Minneapolis
Red River Ohios
Waupaca
San Luis Valley
U. S
Greeley
Chicago
South Pacific Railroad Sets $1 Million for Alexander Facility
Shreveport La January 17 The south Pacific railroad announced a $1 000 000 investment for construction yards shops and terminal facilities at Alexander La The note also cites cattle market terms with feeder and fat cattle price ranges and sheep values varying by weight.
MENTIONED IN THIS ARTICLE
Shreveport
South Pacific Railroad
Alexander
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Essen
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General Insurance Company of America
General Insurance Company of Americ
Sam P. Smith
Business. World Today
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London
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American Tobacco Sie Americana Waterworks
Baldwin Locomotiv
Baltimore & Ohio
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California Petroleum
Canadian Pacific
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Chesapeake & Ohio
Chicago & Northwestern
Mil. & St. Paul
Pld
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Houston Oil
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Republic Tobacco Bh
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First National Bank