Market rises amid rail optimism and Wall Street action
Southern Railway shares and railroad equities gain as market observers expect higher rates. Traders note broadened buying in rails, heavy volume above 60 million shares, with American Woolen and Studebaker leading motor stocks and frictions in money markets easing for the first time since midyear.
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Yorkington
Wall Streets
St Ks
Treadi Ng
Raway
Dave
Baldwin
Ian Locam
Vinskeli & Rower
Jexican Foecole
Studebaker
Mator
Speding
Fajardo Sugar declares large stock and cash dividends
The Fajardo Sugar Company of Forta Rico announced a 70 percent stock dividend plus a 30 percent cash dividend and a 21 percent quarterly dividend, all payable July 30 to holders of record July 12, in a broad market context of mixed activity and cautious investor sentiment.
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Philadelphia
Fajardo Sugar Company of
Forta Rico
Chicago Rock Island and Pacific Railroad Company
Tilinoixs Public Utilities Commission
Pennsylvania Company
Marigere
Goodyear
Nedlin
Demand Sustained in Liberty Bonds and Market Gains
Liberty bonds show sustained demand with gains across active issues as institutional buying strengthens. U S Rubber up. railroad obligations mixed. Ford plan linked to Detroit Toledo and Trenton Railway rumors. Belgium and British issues fluctuate amid mixed overseas demand.
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Pratt and Osborn
New York Grain Market Roundup July 6
Wheat quiet and firm for No 2 hard and No 7 stuck on Durant track prices. Corn spot weak with No 2 yellow around 179. Oats spot weak with No 2 white around 28.1 30 in New York market for day shipments.
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