Rails Hold Better Than Industrials As Market Dips
Speculative market action follows Federal reserve rediscount rate rise. Rails outperform industrials as late-session profit taking trims gains. key movers include Rock Island, Union Pacific, and Pere Marquette while consolidation talk around New England rail lines and Eastern trunks surfaces. Judgments on GM financing and Pan American dividends loom, with tobacco and oil stocks generating varied interest amid broker activity.
MENTIONED IN THIS ARTICLE
Washington
New York
Federal Reserve Bank
Ross
Fock Island
Hock Tajand
Western Pacific
Pere Marquatte
Frisco
New England
Eastern Trunk Lines
New Haven
Pennsylvania Railroad
Curb Market Review Shows Downward Tone on Varied Issues
In New York on June 1 the curb market leaned downward as buyers receded after a week of activity. Some issues held gains, notably Rockwood explosives and Simms Petroleum, while others like Royal Dutch and Mexican Panoco saw mixed moves. The market also noted executives planning a Tampico visit tied to potential Mexican operations and possible consolidation with a major oil firm.
MENTIONED IN THIS ARTICLE
Washington
New York
Roctna Explosives
Simme Petroleum
Intereata
Tampico
Mexico
New England Fuel Company
Magnolia Company
Royal Dutch
Texas Pacific Coal and Oil
Bankers face tighter credit as Federal Reserve seeks to curb inflation
Richmond Federal Reserve Bank sends detailed inquiry to Fifth District banks asking total Liberty bonds Victory notes and certificates owned as of April 1 1980. Goal to monitor discounts on war paper and push toward equating “frozen” credit. Local money remains tight with tax payments and cautious lending. new banks leverage recent district code amendments to charge higher interest.
MENTIONED IN THIS ARTICLE
Federal Reserve
Tawnber Banka
Wederar Reserve Bank of Rieh- Tread
Richmond Reserve ‘Bank
Wave Bosa
Joana
Richmond
Pairond
Liperty Ponds
Treasury
Joana Run Oh
Federal Reserve Board
Bo Long
Washington
American Light & Traction Company
New York
Bankers Trust Company
Stock Dividend Declared By Inman Mills 400 Percent
Spartanburg June 1 news states that Inman Mills shareholders approve a stock dividend of 400 percent, with 304 percent in common and 106 percent in preferred stock. The move follows a stockholders meeting urging directors to act, marking the latest Southern cotton mill dividend. The mill’s capitalization is about $360,000.
MENTIONED IN THIS ARTICLE
Spartanburg, & Cgc
Witetters
Inman Mills
Tthe
Cottohimi
Oil Quotations Report From OU City Pa Lane Credit
Oil price notes from OU City, Pa and Lane Credit show mixed bids with figures for shipments and averages. Listed are 610 tons at 84 875 and 92 538 with averages around 51 and 82, along with Bsa and other shorthand terms.
MENTIONED IN THIS ARTICLE
OU City
Lane Credit Bakes
Also Mentioned on This Page
Astea
Jesué
Stames
Thie Group
Studebaker
General Motors Corporation
ao @ ately
J.P. Morgan, & Go
Be Enterprise
Bxtugh
Eesting
Pan-American Patroleum Rs
Whelan Tobaccos
George J. Whelan
Europe
Willl
Jesse L. Livermore
King of Wall Street
John W. Gates
Metropolitan Realty
Waldorf
Mexican Petroleum
Boston
Washington Post
NEW York Stock Exchange
York
Ely
Dean Lotiilar
Sian
Vale la Now
Pacific
Anscon
Gulf L
Nova Statia B
Bio Pr
Barrett Co
Pan-Amert
Beth
Hutte
Butta
Ohia
Abe Sri Gt
Hallips
RT & Pac
Chile
Coca-Cola Os Ia
Walt i
Cole
Uth
Columbia Gas
Onsol
Conapi
Nl Aet
Mit
Subata
Riana
Sane F
Studeb Aker
Donen & R. Dome Mines
Bubertor Bree
Texas & Pacific
Ebaces
Freeport . Ag
Cigar
Ada
Sonien Pacifi Aia
Gen. Motors
United Drug
United
O.goodrich
B. F. Eb
United Pe Rich
B. F
Tw. T
St North
Ore
United Het
Tnd
Alco
Realty
Oltask, & Barker
Gulf
Int
Agric. Corp
Inca
Inter
Merc
Martine
Mar
Inter Motor
Alla Fargo
Nigkel
Maryla
Western Union
Inter. Paper
Westinghouse
Anit
Ag Bait Bbom
Oley
Kenn
Woolworth
Rwy
Kresa
H. P
Seeeheree
Ajaxer
Canadian Pacific
Rennecott Copper
Pacific Mat
Beaton
United States Steel and
Mercantile
Atrong
Belgium
New York Exchange
Montreal
Sterlin
Southern
Metal Exchange
East St. Louis
Lonien
W. B. Hibbs & Co
Buckeye Pipe L. CO
Bio Chenebrouh Mfg. Co
Continenta. Oi
American Wrili Crescent Pipe T. Co
Atlantic Petrol
Cumberland
Belchar Mide Eureka
Belcher Exten Galena-Ste. OlCo. Com
Big Boone
Aft
Galena-Sig
Boston & Mintana
Tminoie Pipe Line Co
Boston & Wyoming
Us Indians Pipe Line Co
Caledonia
National Transit Co
Calumet & Jerolas
Northern P
Canada
Ohio Oil Co
E Lins
Carbon Steeles
Prairie Oi1
Gaa Co
Ht & Pow
Prairie Pipe Line Co
Solar Refining Co
Southern Pipe Line Ca
Tis Colonial Threa
Cities Bervice
South Pa, Oil Co
Consolidated Copper
Coaden Dessas % of Co
Calif
Colden
St. Oil Co
St. Oi Co
Cresson Gold
Atties Aero At On Co
Atlas
Gilliland OM
Atlas Afd
Gilliland Gil P
du Pont
du Pont Chem
Houston Oil
Hercules
Hercules Prd
Intercontinental Rubber
International Petroleum
Invincible
Island Be
Jerome Verde
Lima Loce
Lake Torpedo
Livingston
National War Loan
Tgon Valley
Midwest
Greater Berlin
Bremen
Ophir
Omelia
Cobleng
Niplasing Mines Co
Dologne
Eee
Orth Amer. P. & i Dansiz
Darmetadt
Dresden
Oklahoma Gil Co
Producers & R
Dusseldorf
Bissen
Figroules
Frankfort
iSaltt Creek
Anaee
Japulpa Com
Hamburg
Aguayah Oil
Simms Petrol
Bell
Bambur
Née Koenigsbere
Sweets Co
Leipzig
Ift International
Munich
Flobucco Products
Tonopah Divide
Tom 'O
Engion
Agsovernment Eee
Fa Bineneees
Bone Hmastern
Badische Aniline
Bae
Staeedight & Heat
Co Allegm
Lack Ges
Heat
Pfd Meininger Bank
United Profit Sharing
Norddeutacher Lend Benk
United Sereit Bandy
Krup
Vienna
Berliner Bank
al Az Baltimore Securities
Baltimore
Armour Ofd
Rmour Leath Abi
United & Pea
Etfs
Livy Packing
National Leather Balto
City
Balto
Aes Union Carbide Eae
United R. & E
An.-Am. Oil Co
Borns-Scrymaer Co
Re ' Aerve
B. Sooke, Jr
Ee Muoh
Twe Waateka
wAgten
International Pinatice ‘Coerperaten
Bewan Dietitiona Yesterdey
Metropolitan ‘Bank
Arthur ©. Lampe
W. & Batchelor
Messrs. Douglas
Obear & Douglas
Niles Ttn Lita
Alanson P. Lathrop
The
Cmpany
Detroit
Grand Rapids
Michigan
Milwaukee
Madison
Wisconsin
St. Paul
Halsey, Stuart & Co., Inc
Chicago
Philadelphia
National City Company
South Carolina
Union Pacific
Northern Pacific
Atchison
Edwin A. Roper
Greenwood, Consalige
Alijatea “Stock Exchange
Baggage Insurance
Liebermann & Hawn
Pholan
Hawn
Phont
Dupont National Bank
Franklin
Fifteenth Street
N. W
Equitable Co-Operative Building Association
Equitable
Equitable Building
F St. NW
John Joy Edson
Frank P. Resides
Ralph W. Lee
Tess Se
Stedk
Ph Lphia
Penns
Washington Paper Stock Co
Va. Ave. S. W
Main
Bodes