Price Averages At Lower Level In Dull Market
A slow New York session on December 6 saw a dull market with United States Steel underperforming and aiding a broader price drift. Tobaccos and rubbers held gains while rails and many industrials weakened. California Petroleum declared a 3% preferred dividend and several notes highlighted dividend actions amid overall listlessness.
MENTIONED IN THIS ARTICLE
Naif
United States Steel
Marine Preferred
Studebaker
Tobacco Products
Texas and Pacific
Southern Pacific
Jussea
California Petroleum
Broad Street curb market shows steady gains across sectors
New York trading on Broad Street displays a steady to strong tone with active stocks advancing on solid earnings and asset values. Aetna Explosives climbs on favorable court reports while war stocks like Wright-Martin and United Motor gain amid rising GM-related demand. cotton prices rise with export prospects but finish with late-day selling and a general easy close.
MENTIONED IN THIS ARTICLE
New York
Broad Street
Aetna Explosives
Wright-Martifsola
Keystone Tire
United Motor
General Motors Company
Marconi of America
Ice
Dec & —T
Holland
New York Bond Market Supposed Stability Amid Mixed Quotes
New York December 6 reports show mixed bond activity with sterling and franc bids uneven, 60 day and demand figures fluctuating. Meantime railroad loans and bank acceptances show strength though oil quotations and ship shipments appear irregular amid a tense market backdrop.
MENTIONED IN THIS ARTICLE
New York
Nal & Rete
OH City
Aesse
Tore
Bae
Ruling on Margins to Keep Prices Up
Financial market report notes moderate activity in corporate bonds with mixed gains and losses, margins for bank loans rising to 20 percent, and expected impact of new margin rulings on price declines. Steel and copper markets show cautious open prospects for the new year as war-era financial changes unfold.
MENTIONED IN THIS ARTICLE
Compal
Wad
France
Washington rails and electric company bonds steady trading
Washington Railway and Electric Company bonds showed mixed movement with a 4s at room price around 3,080 and 98 percent mortgage notes trading near 98. Potomac Electric and allied utilities posted varied bids and asks while overall market activity included 415 shares changing hands on the Washington Stock Exchange.
MENTIONED IN THIS ARTICLE
Waeblogion
Washington Stock Exchange
Washington Railway
Eléctric Company
THY
Potomac Electric Consolidated
Washington Raiway and
Bilactric 4A
Potomac Bilectria
Cxpieat
Washington
Washington Railway and Electric
Gas Light Company opens bids for 1,003,000 five percent bonds
Washington Gas Light Company mails bids for 1,003,000 five percent bonds maturing in 1960, to finance the remaining mortgage debt of 2,057,500. Bids due Monday at 10 AM. approvals rest with company directors, capital issues committee, and the District public utilities commission. In other notes, Mequity Baying and Commercial Bank raises its quarterly dividend to 2.1 percent annualized, East Washington Savings declares 4.2 percent semiannual, and Washington Loan and Trust hosts an employee dance. A. H. Cookman, longtime National Metropolitan Bank bookkeeper, killed in action in France.
MENTIONED IN THIS ARTICLE
Washington Gages
Capital Traction Co
Amn
Ty & Tone
Bigb
Graphophone
Die of Cat
Pa Mie
Market Ss
Marikat Fa
W. M. Culd Storage
Fee
He & Bite Ep
Steamboat
Riche Real
Riggs Realty
Ailuey
Wadh. Ry
Elec. Com
el. Co
Ptd
Teambont Fietneton Gas
Tél
Telea
Mergensthaler Linotype
Janston Monotype
National Bank
Orea
Columbia Commercial District
Farmers & Mechanics
Federal Unicorm
Metropo
Riges
Washington ‘S
Trusty Company
Security & Trust
National Savings & Cents
US Union Trust
Loan Trust
Continental
Col Ba
Trane
Tarare
Iis Security Storage Co
Weehington
Washington Gas Light Company
Capital Issues Committees
Public Utilities Commission of
Mequrity Bayinga and Commercial Bank
East Washington Savings Bank
G. O. Barnes
Washington
American Institute of Banking
R. Steffena
Washington Loan and Trust Company
John Dickson
Liberty Loank
National Metropolitan Bank
A. H. Cookman
France
Washington cattle market report and postwar service views
New York December 6. A local conception of the importance of service abroad in the postwar period was discussed by Ti S Rowe assistant secretary of the treasury at the American Society of Mechanical Engineers annual meeting. He urged engineers to aid Latin American republics tackling large problems and to adapt American methods for foreign work. HH M Gantt warned that wartime production failed due to inexperienced labor in Washington and profits measured by money rather than output, predicting future strength depends on production and efficient workforce.
MENTIONED IN THIS ARTICLE
New York
United States
American Society of Mechanical Engineers
Ti. S. Rowe
Treasury
South America
Society
HH. K. Gasstt
Britain Aids Industries Restoring Material Supply
Dr Christopher Addison announces relaxed domestic control over materials for manufacturers. Orders have been filled enabling civil trade, and rationing has increased in many areas. Import and export restrictions are being retaxed, with broader concessions planned to rebuild production and shipping capacity for maximum employment.
MENTIONED IN THIS ARTICLE
Jiendon
British Wireless Service
Christopher Addison
Half Fare For Many In New York Rail Tickets From January First
An official notice by A H Senith, chief railroad director, states that men and women in religious orders, destitute or indigent persons, and inmates of national and state homes for invalids and soldiers may purchase railroad tickets at half fare after January 1. Sleeping car rates will not be reduced.
MENTIONED IN THIS ARTICLE
New York
A. H. Senith
Teglonel
Key
Cotton Crop Improved by Mild Weather in November
The national weather and crop bulletin says November favorable for late and ton cotton, with maturity in the south and Texas seeing larger top crop. Rain damaged late cotton in western areas, harvesting generally progress well though labor shortages and wet weather slowed some districts. Mississippi nearly all picked except delta, South Carolina about one third yet, North Carolina around 1 percent remaining.
MENTIONED IN THIS ARTICLE
National Weather and Crop Bulletin
Watern
Texas
Delta
South Carolina
North Carolina
Prize Beef 70R Peace Table
A record price of 2.50 a pound was paid for a 22 month old Coyotte Knight Angus steer grand champion at the International Livestock Exposition. Raised at Purdue University and sold for 3,350, part of the beef offered to President Petain for his dinner to peace delegates. Edward Morris Jr. and J Ogden Armour vied for the champion carload of cattle owned by D W Frazier of Martin Mt at 50 cents a pound.
MENTIONED IN THIS ARTICLE
Chicago
Coyotte Knight
Wy Wilson & Co
Purdue University
Merry Monarch
Fyvierknight
Petn
Care
France
Edward Morris, Jr
J. Ogden Armour
Cattie
D.w. Frazier
Mardin
Wage Rise Announced for Georgia Railway Workers
The National War Labor Board awarded Georgia Railway and Power Company and the Atlanta and Northern Railway Company wage increases. Motormen and conductors receive 38 cents an hour for three months and for the next five months, then 40 cents thereafter. Other employees’ wages were increased proportionally. Seven discharged union activists saw two reinstated with back pay, others adjudged incompetent. The award is retroactive to September 23.
MENTIONED IN THIS ARTICLE
National War Labor Board
Georgia Railway and Power Company
Atlanta and Northern Railway Company
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Washington Post
Woolen
Pacific
Mubhe
Twin City
General Eiedtric
Trent
Coon
Tolwine
Feld
Steels
Alliss Chalmers
Ug Neas
Bayond
Onsu
Congress
NEW York Grain
sNetw York
New
New K
New_York
Dgc
Brocks
Ageia
Hickel
M. War
Adee
Card& Ae
Gil
Naeed Ar Ab
Saga Am
Arya
Ae Oarm
Ceandault
Pha
Uinatra Az
Nevada Copper Pra
Dr. Ter
Entimi Anaconda Am
Adoni
Gut & Ww
Balt. Zonic
Barrett O
Philadelphia
Batopias
Pierce-Arrow
Beth. Stee Etn
Booth
Chandier Motor
Ep. i. Ae Bet
Savage
M. St. Pau
Bakon Motor Co
CHL & N. al Sors
Alachair
Southern Pac
Haid
Boutern Ry
Too Chile Copper
Ern Ry
Chino Com
Columbia
Ktutz Motor
Texas Co
Texas, & Pacific
Tobada
Transue & Wil
Cuba
Woodson
United
Alco
Boldenoral
Utah
Motora Pi
Great North Tom
Addi Westinghouse
Interbord
Metro
Wilson Co
Interb
Willys
Curb Market Review
Hlein
Elgin
New York State
California
Florida
Niagara
Baltimore Securities
W. B. Hibbs & Co
American
Ren 4
Fieldfield Co Orice
Montagna Power Se
Green Monster
Seaboard Air Lea Bs Wa
Southern Bell
Magma Coppe
Mason Valley
Southern Railway
Maxim Munitio Southern Railway
Merritt Teles
Texas Com
Etropolitan Fetro. m
Ahd
acMc
Midwest Oilcom
Union Pacife
Okla
Okmulgee Oil
V. Ev
Pacific Gas
My S. Cy
Peerless Mators Wa
Hercules
Roubon
Red Warrior
Liberty
St. Joseph Land
Sapulpa Com
Sequoyah Oil
Sinclair Gulf
Edberty
Standard Motors
St . Liberty
Submarine Corporation
S. Liberty
Kereupts
Brionte
Tonopah
New Orleans
Galveston
U S. Light & Beat
Charleston Cay
Light & Heat Pia
Wilmington H
United Motors
Teaus City
Steamstip
United Verde
Boston
United Western OU
Philatelph
Victoria Oil
Wayland Ou
Bi Lao
S'son
Galvealon
Anglo-Amer, Oil Co
Mobile
Zfolk
Atlantic Refining Co
orme-Ser
Mtr
Buckeye Ipe Fing Co
Howstar
Colonial Oil Chesebrough Mfg. Co
Memphis
Bee
Ara Augiats
Continental OH Co
St. Lowsant
Crescent
Little Rock
Cumberland
Dallas
Burake
Montgomery
Galena-Sig
Tau
Galena-Sig. Ol Co
Pia
Salex
Houaton
Tepohia S
Ilnols Pipe Line Co
Indiana
Pine Line Co
National Transit Co
N.Y. Transportation Co
Northern Pipe Line Co
Ohio
O1l Co
Prairie Oil & Gas Co
Prairie Pipe Gline Co
Solar Refining Co
South Penn, OW Co
Penn
OI Co
Standard OU Co
Kane
Bay Sanard OU Co
Stanard ON Co
Agri
TelSphone
Century Bteel
Davis-Daty
Butte
Stay
N. H&h
Norit Butta
Seneca Copper
Witt & Co
Ventura
Walworth
Wolverine
Baltimore
Houston
United Bys
Etec. Co
Yonda— Alto
City
Wat
Wash
Balto
Liberty Group
Corporation
Pennsylvania
Senate
Finance Committee
House
Chicago Grain
Thimoin
Bantarn Dam
Ieee
Seaboard
Local Stock Exchange
States Bureau of Markets
Boeves—Necelpts
Helferg
Dee
Express
Maryland
Virginia
Ertran
Treamery
Virginie
Ralta
West
Pannsylvania
Bec
Frais
Hennery
Trong
Dance Fae Tha Clerke
A. Ht
Cookman
Sage Rowe
Britain
Aids Industries
Et Capital & Surplus
National Savings & Trust Company Cor
N. Y. Ave
Moorhead & Elmore New York Stock Exchange
Uennera Washington Stock Exchange
15Th St
A. B. Leash & Co
Past & Fiser Romblowar & Weeks
District of Columbia
Cbnatitute 'Giitenteer
Swartzell, Rheem & Hensey Co
Fifteenth Street N
Thos. J. Fisher & Co., Inc
15Th Street NW
Jobn L. Edwards & Co
Iing
Wembhrs
Babington
N.Y. Ave
Bada Life Insurance Company
York
Man Mather
Fiza
Ralph Mobla
Swift & Company
Wnlon
Comppany
Sis
Hayward, Se
Western
Asia
Georgia Railway
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