Timid Bidding Props Steel and Motor Stocks
timid bidding supports steel and motor stocks with narrow gains as markets close. trading ranges show modest moves and cautious investor sentiment amid mixed earnings and inflation signals.
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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Apr 17, 1944
Page
11
timid bidding supports steel and motor stocks with narrow gains as markets close. trading ranges show modest moves and cautious investor sentiment amid mixed earnings and inflation signals.
Wall Street showed a muted tone with scattered gains in steels and major issues while leaders drifted on light turnover of 241,860 shares. Advances included Pennsylvania Coal & Coke and Engineers Public Service, as investors weighed European invasion fears against earnings hopes and a possible brisk recovery on favorable news.
The 4.15 level is quoted for the curb market by Foster and Adams, indicating current price action with high and low ranges and a closing level for the session. The report notes market activity and potential implications for traders observing short term signals.
Admiral Ernest King told the FBI National Police Academy graduates that US forces will strike more at Japanese bases and fleet in coming months. He cited Palau Yap and Woleai, noted Japan’s sinking of merchant ships, and praised the United States for expanding amphibious naval operations with men guns ships and planes to carry them out.
New York actor Harry Carey aged 65 star of the Broadway comedy But Not Goodbye suffered an acute appendicitis attack during the second act Saturday night. He finished the performance and was rushed home with two doctors attending while the audience remained unaware of the illness. Fellow actors noted visible perspiration as the sole sign of trouble before curtain calls.
In Chicago 5000 strikers patrol Montgomery Ward buildings as workers press the company to honor a WLB order extending the contract of the DSQ union until its bargaining status is settled. The contract expired December 7, 1943.
Several local residents have been admitted to citizenship by Supreme Court Justice Francis Bergan of Albany. Names include Hassimino Clemente Troy Albany Road Vincenzo J Campione Menands Salvatore Abate Stop 38 Troy Schenectady Road Barbara Assini Arra Watervliet Johanna Goldschmidt Saratoga Springs Nicolo Ditomasso Watervliet Helen Czajkowski Watervliet Mary R Duclos Cohoes Catherine Szostak Cohoes Samuel Speers Watervliet Inez G Downes Loudonville Alfred Z Pelletier Cohoes Jennie Kummer Cohoes Mary Lawrence Green Island Walter Mazurk Watervliet Mary Carlisle Watervliet Joseph F Rivet Cohoes Dora D Daub Delmar Anton ing Dworak Watervliet Peter Yram Cohoes John Jupin Watervliet Anna Walahonovich Cohoes Andre Masse Cohoes Stanislaw Piskadlo Cohoes Anna M Bourgeois Cohoes Daniel Stanczak Cohoes
Rainy weather pushed servicemen into the USO Club at the Troy Masonic Temple where the E-Z Orchestra volunteered for the evening. Soldiers danced on the floor or chatted in anterooms while enjoying ecards. An Army Air Corps pilot and his wife visited briefly between trains as the Troy Graduate Club of the College of St. Rose supplied the buffet supper.
Supreme Court Justice William H. Murray issues a temporary stay of the New York State Liquor Authority order revoking the license of Thomas A. Gainor at 509 Broadway. The stay lasts until the Appellate Division hears arguments in the first week of May. The revocation cited disorderly premises.
New York mayor Fiorello H. La Guardia denounced New York State’s servicemen ballot as involved and cumbersome. He said many veterans turned away will live to vote another day, urging reforms to improve access.
The Daily Mail reports from Istanbul that Turkey has suspended chrome export licenses to Germany while awaiting official talks this week after pressure from Britain and the United States to sever dealings with the Axis.
CM William Perc Crozier, 65, veteran British journalist and editor of the Manchester Guardian, died yesterday. He joined the paper in 1903 and had led it since May 1932, also serving as director of the Guardian and the Evening News since 1921.
Governor Dewey last night appointed Miss Mary H. Donson of New York City to the State Industrial Board to succeed Edward Corsi who resigned to become Industrial Commissioner. Donson will serve Corsi’s term through May 1 then begin a full six year term with an annual salary of 8500 dollars. Also noted a Amaranth Luncheon for Apollo Court O of A a dessert bridge event at 1 30 pm Wednesday at Mrs Eva Vanderzes Wynantskill Main Street with prizes for bridge winners.
Congressman Miller released letters between Miller and General MacArthur that urged a Republican bid for the presidency. MacArthur defended the exchanges as amiable acknowledgments and said he has not received a third letter urging candidacy. Percy Hynick of Fifth Avenue has enlisted in the Navy and will depart April 25 for duty.
Allied Wellington bombers struck Italian and Romanian targets in a broad offensive. Bombers attacked Turnu Severin in Romania, while U S Fortresses and Liberators pounded Bucharest and Ploesti. In Italy patrols probed and a thrust advanced two and a half miles, taking 61 prisoners.
German troops are reported to be destroying airfields and munitions dumps in the Peloponnesus as they prepare for withdrawal into northern Greece if the Allies invade. Installations in exposed areas have been wrecked while German defenses are set for a brief delaying action. Istanbul reports about ten divisions in Greece in mediocre condition.
Washington LP reports the National Labor Relations Board ruled that employees who strike to demand unapproved wage increases lose the right to reinstatement and forfeit all rights under the act. The board majority, Gerard D. Reilly and John M. Houston, held this forfeiture applies to such cases.
Major John J. Purcell executive officer of the First Battalion 105th Infantry has graduated from the officers advanced course at the Infantry School Fort Benning Ga He will rejoin his regiment in the Pacific theater in a few weeks His home is at 2238 Thirteenth Street and he spent a 17 day leave with his family The 13 week program covered lectures live ammunition demonstrations logistics and tactics yielding readiness to command an infantry battalion
Morning editions of the Sydney Morning Herald and the Daily Telegraph were seized by police peace officers for defying censorship orders. The papers published accounts of events that led to the dispute after most copies of the Sydney Sunday Telegraph had been confiscated for not treating a story as ordered.
An emergency appeal was issued by Miss Mary Beard director of Red Cross Nursing Service for 1800 more volunteer nurses to join the Navy Nurse Corps. She urged civilian nurses classified 1A to volunteer at Red Cross recruitment stations or write to national headquarters as Navy nurses are being sent overseas in growing numbers.
World billiards champion Willie Mosconi opens a four day exhibition in Kansas City tonight with a 1000 point match against Walter Franklin local stylist and veteran player. Mosconi recently defeated Andrew Ponzi of Philadelphia in a winter challenge and is en route to Michigan where he works in a defense plant after touring Army camps.
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