Upward Stock Rally Leads as Rails and Steel Lead
New York stocks surged on a Saturday session led by United States Steel and Union Pacific, with Canadian Pacific rising to 170 and rails hitting a year high. Industrials lagged but a broad rally across rail and steel equities pushed the market higher, aided by strong volume and favorable profits outlooks.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Stocka
Steel Common
Union Pacific
Canadian Pacific
St. Paul
Union Wa
Reading
United States Steel
Steel Cummer
Rail bonds show shift as government control affects market
The report notes moving rail bond spreads with high grade bonds down from last year and low priced issues rising, as government control influences the market. It cites averages for high grade, second grade, and low priced rails and discusses potential long term effects on default risk and bond values.
MENTIONED IN THIS ARTICLE
Frice
Dapetra
FSF
New York and Philadelphia Live Market Snapshots
Aug 24 reports show poultry lower in Philadelphia alive birds 34 to 36 cents, Eastern Shore potatoes up to 2.00 a barrel, and firm elsewhere. Chicago hogs at 18.00 to 19.90, cattle receipts 2,000 with steers mostly above 18.00, and sheep and lamb trends mixed. New York beef and veal steady with limited trading, hogs at 20.25 to 20.75, and Washington cattle market notes mixed fat lambs and veal pricing.
MENTIONED IN THIS ARTICLE
Chicago
New York
Pennsylvania
Hennery
Middle West
Alaska
Alli¢-Chalmers Juneau
ig-Chaim
Ken
Io mi P. Pt. Ta
Agr
Tire & Rub
Hide L
Midvale
Inter. Corp
Pac
Mo. Pac. Pt
Loco
Luger
Sumatra
Peare
el & Telt
Ohio Cities Gas
Ballon Ais
Peo_ie
Barrett & Ohio
Peork
Beth Steel Co. Pt
Pere M
Beth Steel
Philadelphia “Co
Burns Bros. Sq
Arrow
Butte
Pitts
Bsaby
Gal. Pet. P
Pacific
Va. Ry
Pullman Co
Cho
Steel Bpea
Gt i
Steel Spgs
Ray Consol
Henig
Ele M
St. Pe
M & Ae Pr. Bt
St. L
Southway
T &P
Kooic H. T & P
Seaboard Air
Colo
Sinclair
Lodicolo Sai
Rat
Sloss- Sheffieta
Scolia
Southern
Texas
Thias
United Fruit Iy
U. S
G. Ind. Alpe Ss
Diah Copper
Granuby
Car. Chem
Gantet North
Wabash
Cet
North Ore
Wabash Pf. A
Agit
Greene-Cananea
Wabash Pf
Maryland
Metra
Weeninghouse
Agricul
White Motor
Wilson Ca
Philadelphia
Eastern Shore
W B. Hibbs & Co
Aus
Tel & el
Armour & Co
Atlantic Fpetroleum
Atchison Gen
Ise
Barnett
Atlantic Coast Line
Ble
Chesapeake & Ohio
Chicago, B. & Quincy
Mil & St
Charcoal
R. J
Colorado & Southern
Arizona
Denver & Rio Grande
Dominion of Canada
Gosden
Nets Briegen
General Electric
Cresson Gard
Great Northern
Crysts
Curtis Aero
Interborough Rapid T
Davis Daly AY Int
Mer Marine
Shiveraig Kansas City South N
W& Basin BS
Liggett & Myers
Berson
Louisville & Nashville
Missouri Kan
Missour
New
Glen Rock
Montana Power Bs
Cralchfield
New York Central
Norfolk & Weastern
Northern Pacific
Guantanamo suRec
Reading
Tsland
Herublic
Ateelisda
Jerome Verde Me
St. i. F. RR
Big Jim Butler
Seaboard
Air Line
Amydombo
Southern Bell Tel
Bsey
Southern Pacificc
Bell Keystone Tire Lake Ay
A Bom
Southern Railway
Magma
Southern Railwayen
Texas Company
Texas & Pacific Ists
Maxim Munitions
Union Pacific
Merritt Onlag
Waiten Kingdom
Metropolitan Petroleum
Midwest
Steel
Ahidwest
Midwest TN
Cn. Ye
Okkmmulgee Owl
Liberty We
Pacfic Gay
Liberty Ist
Peerless Motors
Bo li Liberty
Ray Hercules
Amy
Red_ Warrior 1 & R
Liberty
St . 1d
U Liberty 2A
Joseph
Epi Ray
U S. Liberty
Sapulpa i. Ss
Sequoyah Oi
Tonopah
Stenson
Triangle
S. Light & Heat
The
United Light
Buckeye Pipe Lane Co Gs
Chaseborough Mtg
Colonial Oi Co
Aq Continental Oil Co
Crescent Pipe Line
Cumberland Pipe L. Co
Bureka
Isa Galen
Galen “Sig. Ou Co
Ne. Oil Co
Noe
Indiana Pine Line Co
St Oil Co
Kansan
St Onl
Kentucky
Nebraska
St On Co
New Jersey
Ston Co
Ohio
van É& Finch Co
Union Tank Line Co
Ag Vacuum OF Co
Siren
Barr Washington Oil Co
Atlas
Baltimore
Virginia
West Virginia
North Carolina
Liverpool
Amer
Tel & Tel. Ee
Armour Co
Armour Co Bis
Baltimore & Ohio Bs
Bethlehem Steel
Bethlehem
Canadian Consolidated
Canadian Northern
Canadian Pacific
Gate
Burlington & Q . Jt
Chicago & Western Ind
Cudahy Packing Co
Delaware & Hudson
Erie Railway
General Electric & Ec
General Rubber
Hocking Valley
Kansas City
Morgan & Wright
Otis Elevator Bs. Ve . L
Pennsylvania Co
Procter Gamble
Procter & Amble
Procter & Gambie Oe
Procter & Gamble
Public Service Corp. of
Remington Arms
M. C. Bs
Union Pacific Ry.s
United States Rubber
Westinghouse S. & Mfg
American Foreign Securities Sa
Bordeaux
Lyong
Marseilles
Paris
United King
Pete Ogee
Surplus Reserve Near Doubled In New York Banks
New York clearing house institutions reported a near doubling of surplus reserve to about 66 million dollars. Loans contracted by 55.4 million, vault cash rose 1.32 million, and government funds withdrew from 442.9 million to 303.3 million. Analysts say neutral buyers and lenders anticipate Allied victory, with large investors pushing a broad bull stance. Frank A. Vanderlip foresees a period of great prosperity after the war.
MENTIONED IN THIS ARTICLE
Washington Post
New York
New York Clearing House
Renarn
Frank A. Vanderlip
National City Bank
Aug
Reserve Bank of
Jana Trust
Asmene Deposita
Federal Reserve Bank
Ee Eat
New York Grain Report on Wheat Corn and Oats
Wheat steady at 2.34 and arrival for New York export. Corn weak with fresh shelled No. 2 yellow at 2.00 and No. 2 yellow at 1.80 and freight to New York. Oats steady standard at 0.8115.
MENTIONED IN THIS ARTICLE
New York
Newark
Poultry and vegetables price list with market notes
A dense price list for poultry eggs vegetables and greens with regional and shop quotes. Includes turkey, chicken, duck, geese, dressed meats and fresh produce, plus remarks on local market conditions noting steady to higher prices and moderate receipts amid cooler weather.
Priority list expands to include more industries for war work
A new priority list to receive coal transportation tibér and other materials for industies and civilian needs is being compiled by the wap thduntries Doard. It will be issued within ten days or two weeks and will guide local draft boards in determining essential industries for war work or civilian need. The current list has 22 classes. the new list will roughly double that number.
No Politics In Rail Jobs Says McAdoo
New York Aug 24 Will iam G McAdoo director general of railroads says the nation uses the best railroad minds regardless of political ties as he inspects terminals near New York He asserts loyalist workers deliver the goods and urges public travel be reduced while noting steel needs limit car and coach production and railroads carry about 1 100 900 soldiers monthly to cantonments He favors a unified railroad system despite debates on wartime government control.
MENTIONED IN THIS ARTICLE
New York
Railroad Administration
Willam G. McAdoo
Assiatanta
McAdoo
Aesthesx
Long Island
War steel production urged as copper and fuel lag
In New York August reports warn that steel output must rise amid fuel shortages and copper scarcity. Government estimates for the current half year show demand up around 5 million tons, with possible increases to 26 million tons. Plans call for expanding iron and steel capacity, conserving metals, and curtailing nonessential industries to support war needs.
MENTIONED IN THIS ARTICLE
L&97
New York
Cai Wu
Washington
Gover
Noils
Finlahfmgt
Auruss
Witt Dia
New York Money Market Snapshot from Aun and Berlin
A terse market note lists various instruments and rates including 60 day bills, 46 day bills, 61 day bills, and demand notes. Mentions cables and currencies such as francs guilders lire and Mexican dollars with assorted demand figures and bond strength noted.
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New York
Bank
France
Honda
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