Market Upturn Fades as Stocks Sell Off Later in Day
July 1 report notes early stock gains aided by crop outlook but later widespread declines in leading issues. Amalgamated Copper rose briefly on overseas copper expectations, yet overall copper remained volatile. U S Steel tonnage jumped June 30, while steel trading stayed heavy then fell back. bond market eased and government issues stayed flat amid scattered bear activity.
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London
New York
United States Steal Corporation
un@itea
Eutput
Gosatp
Boston
United States
Financial Markets and Grain Prices Across Cities
Baltimore securities report shows call money at 1.64 percent with 3 percent ruling, time loans steady at 34 percent for 60 days and 2 percent for 180 days. sterling exchange firm. Philadelphia wheat steady No 3 red winter 0.7901, corn No 2 yellow local trade, oats lower, butter steady with Western creamery, eggs steady, dressed steady. fowls and ducks prices noted for Western markets.
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New York
Prime Mercantile
Sterling Exchange
Actus
Buslase
Billig
Philadelphia
Copper prices drift on New York exchange in July trading
Copper markets show easy spot and futures quotes in New York on July 10 with July at 16.60 1700 and August at 164 17, with September and electrolytic and castings values noted. London copper reports limited clarity due to garbled text but indicates wartime disruption and commodity trading activity.
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New York
Jane
London
Wall Street Gossip on Steel Output and Rail Stock Moves
Unfilled steel orders rise while United States Steel reports June output at 5 9 million tons and Lackawanna shows a June quarter surplus. Norfolk Southern reshuffles board with Krech and Allen as new directors. Pennsylvania Railway actions prompt market speculation amid calls for Norfolk and Western stock. London trading and money market activity reflect cautious optimism.
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Lackawanna Steel Company
Washington Stock Exchange reports light trading sessions
The Washington Stock Exchange yesterday saw listless activity with small transaction volumes. Notable moves include a $5,000 Capital Traction block at 11 1 2, City and Suburban at 41 2, Lanston trading in three lots totaling 38 shares, and 20 shares of Commercial National Bank at 24. Washington was sold in two lots totaling 33 shares at 4. Bowman Bowman, formerly Mercantile Bank cashier, elected cashier of Union Savings Bank at yesterday’s board meeting, with directors Max Fischer, Victor J Evans, H Denham, James Lansburgh, and R J Montague also chosen.
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Washington Gas N
Alex
Mount
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Rigga
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Wazah. R
Washington Vtirginia Ray. Com
Virginia Roah
Norfolk and Wash
Washington Gas
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City
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Commercial National Bank
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Rate Advance Canceled on New York Stock Market
Market snapshot from New York notes receipts and prices across dairy and farm commodities. Milk, butter, poultry, flour, corn meal, lard, seeds, sugar, coffee, potatoes, cabbage, and peanuts show varied steady to firm bids. Livestock prices rise for lambs and calves while hogs and sheep hold firm amid fluctuating regional quotes.
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New York
Middle West
Signs of Prosperity in US Economy Foresee Strong Fall Activity
New York July 10 The first ten days of the new fiscal year show encouraging business. If July promises hold, the country will see strong fall activity, with New York banks meeting heavy demands and gold exports to France and Canada, amid signs the money market remains stable. pig iron production could reach 30 million tons, boosting railroads and cotton mills as harvest prospects loom and farmers add to national wealth.
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