Pressure on Motors and U S Steel Firms In Market Upswing
New York Aug 2 Pressure against autos stocks led the day's market with Studebaker Maxwell and Willys-Overland dropping 3 to 5 points and Mexican shares weakening on new mining restrictions. Steel prices advanced for first time in weeks while large orders for rails supported the steel trade.
MENTIONED IN THIS ARTICLE
Stess
Ralla
United States
Bethlehem Steel
Union Pacific
Canadian Pacific
Reading
Copper Market News From New York Minute
The Metal Market reports copper at firm electrolytic levels around 25.00 to 27.00 with steady iron and unchanged tin. London spot copper is quoted near £107 with futures at £104, electrolytic copper at £125, spot tin at £167 and futures at £165, reflecting tight trading and price levels.
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New York
London
Wall Street News and Gossip Highlights Aug 2
The American Smelting and Refining Company declares a one half of one percent dividend with little market impact as Mexican Petroleum slides. Carnegie Steel raises bar prices by $2 per ton effective August 1. Heat across the nation curtails blast furnaces but the Dairy Iron Trade Review notes no material delivery drop. Foreign pig iron and finished steel demand shows revival signals. New York Central reports June and six months results with strong gains. six months gross revenues reach 172,520,744 and surplus after charges 32,319,185.
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New York
American Smelting and Refining Company
Mexican Petroleum
Carnegie Steel Company
Central
Holland Writings On Poor Soil Paying Well This Year
New York August 2 The article profiles E C Converse a Greenwich Conn industrialist and banker who turned failed farms into productive holdings proving soil and farming can be profitable despite adverse weather. It notes his harvests of apples hay corn peaches and asparagus and links local weather to broader market hesitations about harvest outcomes across the United States, especially in the Dakotas Kansas and the South.
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New York
United States
E. C
Greenwich
Conn
New York State
Converae
United States Steel Corporation
Ates Company
Converse
National Bank of New York
Benjamin Strong, Jr
Federal Reserve Bank
New York City
Mr. Converse
New England
Corfverne
New England Horticultural Society
Far West
West
Dakotas
Kansas
South
Holland
W. H. van Buskirk
America
W. F. Melhulsh
White Motor Company
van Buskirk
Atth
New York Money Market and Cotton Futures Update
New York on August 2 reports mercantile paper and foreign exchange rates with several currencies and rates for bills, time loans, and call money. In the cotton market a sharp advance follows irregularities, with December contracts rising to 13.83 and other months hitting new highs and gains of 33 to 36 points amid strong selling.
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New York
Mapeb
MX Dividend Sparks Increase in Total Sales Shares
Total sales rose to 363,923 shares today, up from 334,635 yesterday as the market saw stronger activity in MX dividend related trades. Strong participation by investors and brokers supported the higher turnover, with gains led by core holdings and supporting volumes across the session.
MENTIONED IN THIS ARTICLE
Salea
Wheat Gains as Black Rust Spreads in Canada
Chicago dealers report a sharp wheat surge driven by news of widespread black rust in Canada including Saskatchewan and increasing damage south of the border. September futures around 1.30 and December near 1.34, corn and oats modestly higher, provisions down. Cash grain quotes show No. 2 red 1.32-1.34, No. 2 yellow corn around 83-84, oats at 41-42.
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Chicago
Canada
Saskatchewan
New York Produce Prices and Market Fluctuations
New York Aug 2 commodity notes show butter steady with varied creamery grades, eggs irregular with large receipts, cheese firm with fresh State specials, live poultry irregular and dressed meats firm to easy, sugar and refined goods easing or unchanged, flour strong for patents and winter grades, pork steady, beef steady, and lard easing around 12.70 to 12.80. Specifies receipts and price ranges for numerous items.
MENTIONED IN THIS ARTICLE
New York
Hennery
Philadelphia Markets Butter Eggs Cheese Wheat Rise
Philadelphia markets report butter and eggs firm cheese unchanged wheat higher with No 2 red spat and August at 1.30 to 1.53, No 2 Southern red at 1.29 to 1.31, corn and oats firm.
MENTIONED IN THIS ARTICLE
Philadelphia
Daily Cotton Market Briefing Ad for Route Book
The notice advertises a cotton market item titled Daily Cotton Market. It promotes a 176 post automobile route book carried easily in coat or hip pocket and priced at 25 cents. Mail order costs two cents for additional.
Baltimore Markets August 2 Market Notes
Baltimore market report lists wheat futures prices for No 2 red spot end August 1.33 percent and August 1.239 for No 2 red Western. Corn spot and August at 85.14 and oats at 48. Poultry prices show alive chickens, old and young birds with varying weights. butter prices range from fancy 20 20½ to blocks 29 31½. eggs across Maryland Pennsylvania and Western at 23 for firsts in Maryland and Pennsylvania, 28 in West Virginia, 22 in Southern regions.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Pennsylvania
West Virginia
Southern
Cottonseed Oil Market Prices Flash Across Session
New York August 2 Cottonseed oil quotes show crude September at 7.20 regular, spot yellow summer 9.21, August 9.39 September 9.24 October 8.86 November 8.19 December and January 8.18 February 8.20 March 8.25 prime winter yellow 9.5 prime summer white 9.60.
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New York
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