Prices Collapse in Heavy Trading as Stocks Fall
In a sharp market slide many leaders show extreme losses from 5 to 42 points. U S Steel dips below par while Lackawanna Steel and Shell Transport push to week highs amid volatile price moves. Volume and breadth widen as traders weigh oil finance and industry restructuring.
MENTIONED IN THIS ARTICLE
Lackawanna Steel
Shell
Rail switchmen strike begins in Chicago spreads nationwide
On April 20 the railroad switchmen's strike started in Chicago and quickly spread across the country. Food movement stalled as animals and grains could not move from farms and packing houses to markets. Perishables suffered. wholesalers faced storage issues and higher costs, while meat and egg supplies remained adequate in some areas. The strike pushed wholesale prices up by about 49 percent, with further increases expected for staples that people must buy.
MENTIONED IN THIS ARTICLE
Chicago
Market Review Shows Petroleum Demand and Stock Movements
Market notes from The Washington Post report Elk Basin and Granada petroleum pricing, Texas crude at 3.58 a barrel with 85 cents delivery bonus, Simms Petroleum trading heavily and hitting a new low. Dominion Oil is firm at 14, Indians and Sweets, Cuban American News stock activity, and British American Tobacco steady. Stutz Motor sees a new offered range around 6.40 to 7.80 amid pool manipulation settlement plans and arbitration committee appointments.
MENTIONED IN THIS ARTICLE
Lo Fal
Washington Post
New York
Elk Basin
Granada
Oklahoma
Texas
Simms Petroleum
Dominion Oif
Sweets Company
Stutz Motor
Sikbs & Co
Imms Petal
Allied
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Swift International
Belcher
Boone
Boston & Montana
United
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Canada
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West End
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Camden
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Curtina
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Rik Basin
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General Asphalt
Amn On Co
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Ifenryck O
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Magme
Salsr
Ng Co
Maryland Emery
Ox Cope Line Co
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Merritt Olan St
Idwest Il
Ue St Co Co
Midwest Ot
Ferfection
Tire Sr
Phillips Petroleum Atlas
Atlas Pfd
Ray Hereuley
du Pont
Ryan
Hercules Aun Fay Sequasah
Hercules
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