Surrender Sends War Stocks Down
Market slips as surrender signals weigh on war stocks quoted by Foster and Adams with notable declines in early trading and closing levels showing reduced investor appetite for wartime shares.
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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Sep 09, 1943
Page
15
Market slips as surrender signals weigh on war stocks quoted by Foster and Adams with notable declines in early trading and closing levels showing reduced investor appetite for wartime shares.
Market notes from New York show flour and rye prices steady with 3.65 to 4.00 ranges for spring patents and hard winter straights. Buckwheat nominal, cornmeal steady, and Western bran quoted at 41.55 per ton. Butter prices firm with higher than 92 score marks and various scores listed. Cheese nominal with no quotations. Eggs firm with first cost prices and pay-to-shipper adjustments described. US specials provide 30 dozen weights and associated prices. receipts and dirties quoted with range.
Multiple accidents raise death tolls as officials promise a full two week report on the Wayland New York train wreck. In Canastota three killed, in Port Jervis two crewmen seriously hurt. Concurrent community notices announce W C T U and Methodist Society meetings, plus a weekend family gathering in Pawling Avenue area with visitors from Scranton Chicago and beyond.
Mackinac Island, Mich. (UP) The Republican Party opened its 1344 national campaign with a two statement platform approved by a 50 member postwar policy council. Governors Dewey Bricker and Warren backed the platform, calling it a springboard for a final convention platform. The international policy favors postwar cooperation while preserving sovereignty, and the domestic policy seeks reduced federal control of industry, limited agriculture regulation, fair labor laws, veterans’ opportunities, and racial equality. Unanimous adoption followed debates, with safeguards to protect constitutional rights in any cooperation.
UPI Wires report sharp stock sell off after Italy’s surrender announcement. Losses ranged from fractions to about two points as steels, aircrafts, and rails led declines. Some gold mines and utilities with foreign ties rose on brisk trading after General Hisenhower’s midday statement. International Telephone bucked the trend, rising over one point on strong turnover.
Albany CP reports the Public Service Commission opened inquiries into three New York rail accidents that killed 32 people. Investigations target the New York Central's Twentieth Century Limited wreck at Canastota and an Erie passenger train derailment at Port Jervis, as fieldmen began inquiries.
The Averill Park unit of the Rensselaer County Home Bureau will hold its annual membership tea from 2 30 to 4 p m on September 22 at the Averill Park firehouse. Mrs Garner Roney is unit chairman and Mrs Joseph Mesnig chairs the tea committee with assistants Ida Butler Herbert Perry Harry Kentzel David White Joseph Lennon and Earl Covert. Members are invited to attend with their guests.
The Retail Merchants Bureau resumes meetings after the summer recess today at 6 15 p m with James McKieman presiding at the Hendrick Hudson venue.
Nelson and Wood will duel in a 72-hole charity challenge at Inverness Club Toledo on September 18 and 19 with War Bonds purse and charity receipts. The players last met in 1939 after Nelson won the National Open in a playoff. Nelson holds the Masters title and PGA crown. proceeds aid War Benefit causes.
Pittsburgh acting Rubber Director Dewey said all plants in the 850000-ton program would be completed this year. In a keynote to the American Chemical Society he projected monthly output exceeding 30000 tons, roughly equal to last year’s U S crude rubber use for the month. This marked his first public appearance since succeeding Jeffers.
Chicago's Black Hawks plan training for the National Hockey League season but hunt for a venue after their former conditioning grounds at Hibbing Minnesota and Champaign Illinois were taken over by the Army.
The Hartford Laurels moved ahead of the third place Pioneers by a game and a half after beating Elmira 2 to 0 in the opener of a three game set. Carl Lindquist and Bill Baker pitched well with Lindquist giving up five hits and Baker limiting Elmira to three. Elmira’s early bid was spoiled by unearned runs after errors by George Corona.
More than 100 reading grid officials from New York Connecticut and Southern Massachusetts are expected Saturday in New Haven for a football clinic for coaches and officials. Speakers include Asa Bushnell executive director of the Eastern Intercollegiate Athletic League central office Ogden D Miller Yale athletic director and Timothy Cohane of the New York World Telegram sports staff.
Tom Luce pitched five hits as the Bulldogs edged Green Island Ciels 5-4 at Knickerbocker Playgrounds. Johnny Narbuth had two hits, Wally Curley went 2-for-4, and Fran k Messier doubled for the Chiefs. Bunk Singleton allowed seven safeties for the losers. Hank O Bryan caught Luce, Bin Cornes was his battery mate. Tonight Lansingburg Boys Club meets Watkins All Stars.
Ambrose Palica Barons pitcher and Wanda Poplaski of Wilkes-Barre were married at Blessed Virgin Mary Church in Wilkes-Barre. Rev Leonard Gajewski presided at the nuptial mass. Palica hails from Lamita California.
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