Market Stages Rally After Opening Slump In New York
A dull morning gave way to activity after the President's message as rails led gains. The industrial average held at 1.13 while the rail average rose .72, with Southern Railway and Baltimore & Ohio among active movers.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Steel
Southern Pacific
Southern Tacit
Studebaker
Marine Preferred
American Smelting
Southern Railway
Missouri Pa‘ile
Midwest Refining seeks larger capital stock amid market questions
New York reports Midwest Refining Company plans to raise capital from 25,000,800 to 30,000,060, with stockholders right to subscribe up to 20 percent at the current price. Rights priced at 134 percent, stock trading around 195 to 136 percent. Oil shares varied as Cosden and Oklahoma Producing moved modestly, while war stocks fluctuated and United Motor and other issues showed mixed results. In Chicago, grain markets rose on food conservation worries with corn futures up and oats and provisions advancing, reflecting a bullish mood as the food administration warned of global shortages and a record wheat credit forecast loomed eventual.
MENTIONED IN THIS ARTICLE
Standard Oil
Standard Ol
New Jersey
Indiana
New York
California
New York Stock Exchange
Gompers
Frank
National City Bank
Secretary of Commerce
Edward Ewing Pratt
Bureau of Foreign and Domestic Commerce
Department of Commerce
Midwest Refining Company
Midwest
Cosden
Oklahoma
Aetna
Wright-Martin
Curtiss Aeroplane
United States Steamship
Sasses
Keystone Tira
United Motor
Norfolk & Western
Chicago
Transatlantic
United States
Food Administration
Europe
Secretary of Agriculture
United Aisles
Stocksissien
Upton
J Styceke
Valtey
Maxwell
St Mam
Lot
Enican Petra
Pia
LOLA
Techa
Havale
Hide & L. Ice
Am. Inter
Misapuri T
Lineseld Om
Liesea
Tex
Vitel
Central
Pacific
Atchison AT
Ohio Cities Gas
AL & Ras
Gulf & W
Balt
Ohio
Pét
Bea
Pennsylvania
Batopilag
Beth. Steel
Ali
Pere Marquett
Beth. Ste
Patt. Mulli
Beth, Steel
Pierce-Arrow
Brook
Pierce Oilig
Buite
Pitts
iPittsburgh Coal
Butte & Bup
Fet
W.va. Iy
Cerro de Pase
Iron & Sieeit
Ches
SBS Rate Ag
Royal Duichey Ag
Chi & Alton Ptd
Artin Berkwell
Whee
Chi M. &G St
ING. Te. & S. E Pfa
A‘p
Seaboard Air L. I
Rl&p.t
Seaboard A. TL
Chile
Binclair
Cluett Peabody
Columbia Gas
Routhern
Ito
Ortudebaker
Cal
Stutz Motor Co
Stude. Corp
Texas Co. Op. & Ch
Cuba
Texas & Pacific
Rd Ava
Eley
Vobacca
Hik Horn
Raaria
ARIS
Erie
Ind
Alco
ORY
Gaston W
ANITT
Pial
Motora Ptd
SIM
Goodrich
Granby
Great Naren
analVa
C. Chem Rim
Greene-Cananea
HiVva
Ir. O
C. BR
Hittinolault, Mo
Nor
Gulf. & N. Pfd
Sal Ar AG
Gulf Beet
Wellas Parzo
Homestoke Mining
Marrland Jalgan
Pau
Inspiration Yee
Aggest
Interboro
Western Pacific al
Interb. Metro
Acific
RTIA
Inter. Agricul
Western Union
Inter
Aerigal
Westinghouse
Int. H. of
Willys-Overland
Saul
Inter. Mer
Marina Sh
Wisconsin Central
Ant
Inter. M. Mar
Worthington
Inter. Nické
Kan
Citry South
American Sugar
Texas Company
Chicago & Selling
Union Pacific
Northwest
Weins Industrial Alcohol
New York Airbrake
W. B. Hibbs & Standard Ot Co
OBIS
Swan & Fine
Swan & Fine Tos Aecton
Union ‘Rank Line Co
Ale Reduction Oo Vacuum Oil Co
Washington Oil
Atlantic Petroleum
Barnett Oil
Big Ledge
Boston & Mow
Butterworth
Amer
Caledonia Mining
Calumet & Jarome
Bigoki Rapid Besa' Isha
Centra of Ga
Consol
Arizona
Central Leather
iCentral Pacific Ist
Cordan Co. Sia Chess
Ohio cv
Te Dom. of
Canada
Emerson Phone
Emma Copper
General Electric Gt
First National “Copper
Rock
Thinets Central
Oldfield Consolidated
Southarn
Marine
Green Monster
Ligett
Teland RY
Northern Pacific
Jarome Verdue
Jim Butter
Orel
T Keystone Tire
Pennnsylvania Concot
Lake Torpedo
Sylvania
Magma Copper
Reading
Jon Mason Valiey
Republic Steel
Mertlet Oil Maazim Munions
Metropolitan Feteeleum
Alpine Agi
Bs. de Midwest
Southern Bell
Tb Midwest
Southern Plane
Midwest Refining
Southern Railway
Mitchel
Motors Southern Railway
Ge ‘Exac Co. Cy
As Texas & Yacinc T
Orth Arper
Aubber
Northwestern Oil
U. R. Steel Sa
Onlo Copper
Qikanema O11 Co
Wabashist i Okla
Pacific Gas
United Eastern
Aotal
Light & Heat
Unday
Gig
S. Light & Heat Pfa
United ‘Otori
Dupont
Pta
Calumet
Hercules
Century Steel
Bavisebate
East Butte Atlantic Refining
Anglo-Ameri. Oil Co
Hoyate AL Borne-8ermaer Co
Chew
Buckeysipe Line Co
I Chasebrouh Mfr
Butte
Colonial Ofl Co
Creek Coal
Continents Oil Co
Seneca Copper
Crescent
Line Co
Shaapon Ae
Cumberk
Swift
Utah
Cine
Aga National Ft
York
Northern”pe Ling Co
Prairie
Prairis Pipe Line Co
Bola. Refining Co
South Penn
Southern Pipe Fine Co
Standard Oil Co
Standard Ol Co. Ind
Market Snapshot From New York Trading Floor
New York notes show mixed demand with Sterling bills at 50 days and 66 days around 4.72 to 4.78 percent. Cables and demand bills hover near 6.46 to 5.45 percent with various maturities. Government and railroad bonds remain easy. time funds firm with a 4 percent to 6 percent close range.
MENTIONED IN THIS ARTICLE
New York
Upward Trend in Municipal Bonds Amid Market Buoyancy
The Washington Post notes continued buoyant municipal bonds with rising prices for outstanding issues and new flotations, aided by investor demand from wealthy, tax-saving holders. It reports Virginians Brown Brothers advancing, U.S. Supreme Court timing for West Virginia debts, and general stock market uncertainty during the transition period.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Congress
Brown Brothers
United States Supreme Court
West Virginia
Liberty
Washington Stock Exchange yesterday mostly bonds clear
Trading on the Washington Stock Exchange concentrated on bonds as stocks weakened. Washington Railway and Electric Company listings and several 6s notes moved, with bids around 96 to 98 and specific issues trading at 71 to 97, plus activity in Chesapeake and Potomac Telephone and Washington Gas Company bonds and various railroad and utility stocks.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Washington Railway and Electric Company
Washington Railway
Electric Company
Chesapeake and Potomac Telephone Company
Washington Gas Company
Mergenthaler Linotype
Lanston
Salon
Washington Railway and Electric Au
Washington Railway and Matric Fen
Chesapeake and Potomac Telephone
Washington Gas
Capital Traction Co
City & Suburban Ry
Metropolitan RR
Elec
Elec. Power
Potomas H Electric
Rot
Elec. P
Pol
Am. T
Dia
Col
W. Market Bs
W. Market
W. M
Rational Bank
American Iso
Cepitatl
Columbia
Farmers & Mechanics
Heneral Nee
Age Gincela
Ae Metropolitan
Washington
Trust Company
Amer. Security & Trust
He National Savings & Trust
Union Trust Company
Wash. Loan & Trust
Continental
Savings B
Home Savings Bank Commerce & Buying
Bart Ward
Savinga
Aes Sec. Sav
Com’l. Bank
Liberty Sav
Nib
Arlington . & Corroran
Eis
Ae National Tinton
Columbia Title
Chapin-Sacks Co
Pal
Mar. Trang
Ils Security Storage Co
Tee Sec
Hig
Washington Market
Cottonseed Oil Market Quotation Incomplete Listing
Market notes show crude oil at 17.50 and prime yellow at 21.50 for December January and March 12.00, with unclear area references and a figure 138300 in the quotations. Reads like a damaged listing of prices and months with multiple unreadable words.
MENTIONED IN THIS ARTICLE
Vrew Oauem
Det
Soos
Finance Corporation Ends As War Ends
New York on December 2 the feasible yindustries finance corporation is to be dissolved now that the war ends. It was formed to aid financing of firms in essential war work, with $20 million capital from J P Morgan Co and Guaranty Trust and others and $60 million from the War Finance Corporation. Public utilities aiding the war were among beneficiaries during its life.
MENTIONED IN THIS ARTICLE
New York
Feaentialyindustries Finance Corporation
Eugene V. R. Thayer
J VT. Morgan & Co
Guaranty Trust Company
Philadelphia
War Finance Corporation
Live Stock Markets Reported with Mixed U.S. Prices
Chicago wholesale cattle hogs sheep and veal prices mixed as receipts rise. Hogs strong on average with butchers and packers paying 16.25 to 17.65. cattle receipts 28,000 with western and butcher stock firm to higher. calves and veal steady. New York and Baltimore show varied beef and sheep rates amid weekly totals.
MENTIONED IN THIS ARTICLE
Chicago
United States Bureau of Mimpitats
Batundiy
New York
Pennsylvania
Baltimore
Hetrera
Bolia
Philadelphia Markets Burdensome Prices On Staple Goods
Philadelphia market report shows butter and eggs firm with higher quotes, cheese up in New York and Wisconsin milks. corn oats and rye largely steady to unchanged. Poultry prices vary for various grades with western broilers and turkeys listed. wheat values mix with winter and spring wheat at higher per cent flour.
MENTIONED IN THIS ARTICLE
Philadelphia
New York
Wisconsin
Grogeters
Reese
Rocmen Oultry
Asier
Towla
Fancy
Western
Cheac
Kansas
Metal Market Update Shows Shifts in Lead and Spelter
The New York metal exchange quotes lead at 7.46 with a 0.10 drop, delivered to St. Louis in the east. Spelter remains steady with a bid offered at 3.45 for East St. Louis delivery, indicating modest market movement.
MENTIONED IN THIS ARTICLE
New York
Metal Exchange
St. Louis
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