Wall Street Rally Amid Erratic Commodity Shares Gains
The market showed continued gains in most issues while tobacco stocks moved erratically. Trading activity remained brisk with Steel and Aluminum issues advancing, tobacco producers lifting general sentiment as analysts noted large earnings for several firms and a cautious path for bonds.
Bond market shows mixed activity amid government issues and utilities
Trading centered on government bonds with irregularities in foreign issues and weakness in third 44s while 3s held firm. Utility bonds like Reading 4s of 1977 were active and strong, though concerns over collateral and potential segregation linger. Market moved mixed in call, commercial paper, and currency sectors with scattered gains in select stocks.
MENTIONED IN THIS ARTICLE
Tom
Andorrezu
Reading
Philadephia
New York Bond Market and Commodities Report
The item lists prices for poultry including hens turkeys and ducks, various butter eggs and vegetables in New York markets with figures for no 1 potatoes to crate greens and fruits. It also notes foreign exchange rates commodity prices and government bond activity with spot corn oats and cattle market data from Washington and New York.
MENTIONED IN THIS ARTICLE
Cneese
New York State
Virginia
Ihennery
McCormick
Texas
Market awaits new tax program amid war news
New York July 26 reports large Allied gains in Europe and stock-market chatter about a new excess profits tax. Plans hint at 30 percent on net income over exemptions, plus 50 to 80 percent on higher brackets, with steel and utilities securities affected. Public utilities maturing next year total 155 million, American Telephone notes lead the issue list as financing widens the war economy.
MENTIONED IN THIS ARTICLE
Washingston
United States
Ratia
Mediaatria
Industeais
Sumatra
RA Steels
Persia
Cuba
Toharco Serip
Interrorouan Rapid Transit
New York City
The
Erie
Hibbs & Con
New York
Te & E
Armour Cy
Ales
Atlantic Petroleum Paper Com
Atchison Gen
iKarnett Oil
Atlantic Coast Line
Weir
Big Ledge
Baltimore & Ohio
Bingham Mi
Bethlehem Steel
Boston & Montana
Brooklyn Transit Ss
Butterworth Judson
Central of Georgia
Consol
Caledonia Mining
Central Leather
Calumet & Jerome
Central Pacific
E Canada Copper
Chesapeake & Ohio Cio
Carbon Steel
Chicago
Mrtrss Aero
Interborough Rapid Transit
Davis Daly
Inter Marine
Denbergh Silver
Kansas City Southern
Tae Emerson Phone
Liggett & Myers
Emma Copper
Louisville & Nashville
Missouri Kan
Tee Ist
Missouri Pac
Glen Tock
First National Copper
Montana Powers
Coldfeld Consolidated
Norfolk & Western Con
Green Monster
Northern Pacific
Guantanamo Sug
Molly Sugar Bs
Oregon
Holly Sugar
Pacific Tel & Te
Houston Oison Tlowe Sound
Penn
Ate Hall Coppers
Pennsylvania
Ay International Petroleum
Island
Republic
Jerome Verda
Stow & San Fran RK
Jim Butler
Seaboard Air Line
BF Jumbo
Southern Bell
Tel 'Yo
Kreystone
Southern Pacific
Southern Railway
Magma Capper
Fia Merlin
Texas Companys
Ev al
Magon
Texas & Pacific
Merritt Qil
Midwest OU
Steel
Gs Midwest
Virginia
Ar Chemical
Midwest
Ohio
Frd & Refs
Tle
POLK
Amy We
Peer Motors
Aber
Ray Hercules
Liberty Ist
Red_ Warrior
Caberty
Joseph
C. Ss
Liberty Ad
Rao
Sapulpa Com
Sinclair Sequoyah Oircult
Bonda
Standard Motors
Baltimore
United
S. Light & Heat
Atl
Joynt & Heat
United Motors
Houston
United Verde
Rys
Elec. Co
United Western
United Zinc
Ralto
City
Victoria Oil
Wayland Gil
Fower
Power
West End
Aly Wright-Martin Aero
Con. Pow
Stoc IK Penn Wat
P. Fs U Rya
Elec Inc
Anglo- Am
Atlantic Refining .Co
Borne-Sermser Co
Washington Post
Stock Exchange
Ways and Means Committee
Lackawanna Steel
American Telephone
Burleson
Public Service of
New Jersey
Minneapolis Street Railway
United Gas Improvements
International Banking Corporation
Far East
Texas
Wall Street
Washington Stock Exchange Reports Light Transactions
Transactions on the Washington Stock Exchange were light yesterday with sporadic bidding. Mergenthaler Linotype sold at 1124, bids at 111 and asks at 113, while public utility stocks and bonds drew interest but holders held firm. weekly totals show 24,500 in bonds, 1,489 in scrip, and 251 shares of stock. Public utilities and miscellaneous bond listings followed with diverse prices and maturities.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Steck
Mergenthaler
Mergenthaler Linotype
Georgetown Gas
Washington Gas
Col. Gas & Elec
Col. Gas & el
Railroad
Capital Traction Co
Metropolitan R. R. Ba
Wash. Ry & Elec
Balto. & An
P. E Pow
Elec Power Lst
Potomac Hlec
Co. & P. Telephone
Seu Am. Tel
Tel. Con
Am. Tel
T&t
Wodake Co
Mkt Co
Sts. & Safe
Steamboat Inc
Ricks Realty
Riggs Realty
U. 5
Capitol Traction Co
Wash. Ry
Elec
N. & W Steamboat
Washington Gan
Columbia Gable & Tel Am
Tanston
Lanston
National Bank
American
Commerc Commercial District
Federal
Lincoln
Amer. Security & Rat
National Sav. & Trust
Union Trust Company Sos
Wagh. Loan & Trust
Continental
Savings Bank
Home Savings Bank
Commerce & Bay
Washington
Savage
Alsae Security S. & Com'‘l. Bk
Arlington K
Corcoran
National Union
Columbia Tithe
Chapin-Sacks Co
Aegis
Col. P. Mfg. Co
Security Storage Co
U. A Realty Co
Live Stock Markets Chicago Market Summary July Report
Chicago live stock prices show hogs down 25 cents on receipts of 18 000 while cattle and sheep also trend lower or steady. Hogs range 17 25 to 18 00, cattle mixed with beef at 10 59 to 18 46, veal 16 25 to 16 75, sheep with lambs 18 00 to 18 50 and culls lower. Receipts: hogs 18 000, cattle 8 000, sheep 11 000.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Western
Kennery
Hennery
Middle West
Rio
Santos
Chicago
States Bureau of Markets
Baltimore markets and livestock receipts brief
Market notes from Baltimore showing cattle and sheep receipts with price ranges for cows calves and hogs, no trading reported. Butter and eggs prices listed across regions including Maryland Pennsylvania Ohio West Virginia and Southern markets with processing dairy prints and store packed quotes.
MENTIONED IN THIS ARTICLE
Maryland
Pennsylvania
Ohio
West Virginia
Virginia
Western
Southern
Oil Quotations and Cottonseed Oil Market Report
Oil quotations from city Pennsylvania list July 26 with credits and shipments figures. Cottonseed oil market report from New York July 24 shows prices for prime crude and prime yellow refined products with nominal values.
MENTIONED IN THIS ARTICLE
New York
Western Union Faces Court Over Private Express Indictment
A Federal grand jury indicted Western Union Telegraph Company on eight counts for carrying letters by private express and for sending night letters by messengers rather than by wire. The case, naming only the company, covers routes between New York and Boston Philadelphia Washington and Baltimore. If convicted penalties could total about 17.32 million dollars.
MENTIONED IN THIS ARTICLE
New York
Western Union Telegraph Company
Western Union One
Paper Mill Workers Denied Postwar Bonus Ruling
The War Board ruled that International Paper Company workers are not entitled to a 10 percent bonus before the wage award took effect. T N Guerin and C A Crocker, members of a wage board section, issued the interpretation yesterday clarifying the award’s scope.
MENTIONED IN THIS ARTICLE
International Paper Company
War Labor Board
T. N. Guerin
C. A. Crocker
Made Ordnance Industrial Chief
Major B. H. Gitchell of the National Army has been named chief of the Industrial Service Section of the Ordnance Department by the War Department. He previously served as secretary of the Detroit Chamber of Commerce before his Army career.
MENTIONED IN THIS ARTICLE
Washington
B. H. Gitchell
National Army
Ordnance Department
War Department
Army
Gitchell
Detroit Chamber of Commerce
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Ralaw Tanase
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Tabarus
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NEW York Stock Market
Jalaa
Btock
Qvssigh
Om BoojAdv
Rumley
Rimle
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Kennecott
Allis-Chalmers
Lee Tire & Rub
Alla-Chalmers Prey
Lehigh Valley
Can Tiathe
Loose-Wiles CO
Can Pr
Car & Fdy
St Pf. BS
Hide & Ll
Hide & &. Pt
Inter. Corp
Minn
St. Ae My
Mont. Power Pt
Am Steel
Acme
Nat Biscuit
Tel. & Tel
N. Y
N. H
Nort. & West
Zine Pt
Pacific RT
P. Pe
Ohio Cities Gas
Ohio Fuel Bup
Pan-Am
Pet
Guilt & W
ELF
Pierce-Arrow
Pittsburgh
Ohio of Steel See
THOIP
W. Va
Bae
Beth
Strel Re ' S
Beth. Steel
Bat Bateana Buens
Sl Ir
St. L
al Pe
S. F. Pe Co
Pacific
Asia
Sears-Roebuck
Shattuck-Ariz
Nated Ikl
Erro de Pasco
Sinclair Ofienne
Chandler Motor Ab
Ab Bay BS
Gates
Ches
Southern Pac
Southern Ry
le Koc M. & &T Tr
M & St Pe
Studebaker Milting
R. I
Tos R 1 &P
Cop. & Ch
E &P Pe
Texas Co
Chile
Fool Tobacco
Caine Cooper
Underwood Typr
de St L. Pt
Bon Union Pacific
Columbia
Cal
AKG jGni- Cigar
United Rwy. In
U. Ss. Ind. Alco
U Realty
Wabash P
Wabash
Toa Goodric
West Union
Goodrich
Westinghouse
Wilson Co
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Haskell Barker
Leadworth
Prise Lems
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Goyne Bi
Curb Market Review
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York
Eeene
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Toda
Memphis
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American Security and Trust Co
Pennsylvania Avenue
15Th Street
N.W
Charles J. Bell
Our Savings Dept
National Metropolitan Bank
15Th St
U. S. Treasury
Western Union
Ordnance Industrial
National Savings & Trust Company
Corith
N.Y. Ave
Bret Morrgages
Volumbia
Branca
Swartzell, Rheem & Hensevy Co
Fifteenth Street
N. W
Lesch & Co
Post & Flagg
Hornblower & Weaks
Moorhead & Elmore
John L. Edwards & CO
Mutual Life Insurance Company of
Thomas P Morgan
Ralph W.C Lee Ralp
Eee
Horace J. Phelps Insurance
Riri
19Th St. We
Philadelphia
Philadel
Wisconsin
Rurive