New High Price Records Attained Across Markets
Broad stock gains push indices to fresh yearly records as motors sugars leathers and tobaccos lead advances. General Motors Studebaker and steel shares rise while utilities gain slowly and some sectors lag. Market optimism persists despite inflation fears with renewed confidence in future earnings and profitability.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Motera
Sugars Leathers
Studebaker
European postwar image shapes American markets debate
In the wake of Vanderlip’s European observations, investors weigh the dark sides of Europe’s postwar problems. The veteran banker’s portrait of the era influences sentiment at home while abroad some doubt its balance. A possible future role as an author on European conditions is noted following his recent trip.
MENTIONED IN THIS ARTICLE
Beth Wrk
Stilvivan
Tanes
Sribeiman
Vanderlp
Wall Street Trading Picks Up Pace Amid Stock Swings
New York stock activity shows renewed buying in National Ice and Peerless Motor as prices jump. Dixie well reports 1,500 barrels daily, while Texan property signals lift in CHE Corporation. General Asphalt inactive, intercontinental Rubber steady, cottonseed oil quotes steady with July at 24.75 and December at 22.65.
MENTIONED IN THIS ARTICLE
New York ST
New York
Stoess Ue
eniHigh
Rumely
Keily
Rumely Pf
Rhennecott
Ska
Alaska
Juneau
Laclede Gas
Alas Chalmers
Boa Lake B
fa-Chalmére Pf
Tire & Ru
Agr
Higeuity
High Valley
Lorillard Co
Am Bosch Magek Eras
Loose- Wiles Co
Ats
Louis
Nas
Manhattan
Am. Gar & Fay Pfaz
Hide & L Ley
Minn & St. L
Ely
Inter Corpus
Joa
Aia Missouri Pacific
Ante Pt
Nat
Biscuit
Sumatra
N. Ry
Tel
Nevada
Oram Arac Pi
North West
Norfolk Southern
Asso Dry Goods
al Ba Bam
Nor. Pac
Nova Scotia Steel
Ohio Cities
Atchison
Associated
al Blig
Ot Sooa To & Ne
Oklahoma
Gulf & WT
Pan Am
Pennsylvania
Penna Seaba Steel
Peoria & Hantern
Beth Steel
Pere Marquette
Basa Gagie
Pere Mar
Suceth Steel & Pt
Philadelphia Co
Val
Booth Fisheries
Pierce Arrow
Pierce Owl
Brooklyn Union
Pitts
Cc C & St Li
Otto
L. JO Brunswick
Burns Bros
Pitt
Pitts Coal
J Butte
Ig & W
Butte
P &W
Pond Creek Coal
Butterick
Pullman
Calfordia
Steel
Ray Consol
Arizona
Iron & Steel
la & Steel
Yale
Royal Dutch
Ola &S
Ches & Obie
Ob Br
Averse Arms
Axon
RBI
Seaboard Air
Ms & M & St Faul
Ita
Sears- Roebuck
Shattuck-Ariz
Sinclair
Reiy
Roi & BF
Sloss-Sheffield
AB Go
Fmoe Sta & Oo
Southern Pac
Southern Ry
King Copper Co
Porto Rico
Strombers
Bo Bay
Studebaker
Cola Southern
Stude Corp of
Stutz Motor Co TL
Superior Stee
Columba
Tenn Con &Ch
Texas Co
Texas & Pacific
Tidewater
Union Pacffc
United Alloy Steel
Ood Lini Cigar Stores
Il Peep & E Pe
United Fruit
United
Erie
Alcal
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General Electric
Ss Realty & Im
Goodrich
IDO
Hbo
I Steel Pt
Uitah Copper
Uae
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Ts Ia
Maryland
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Western Union
Westinghouse Bay
Mer Marine
Inter Niekebe
Woolworth
Kan City South
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Anna Stas Lou Orth Reai
Washington
Houston
Taxayhen Che Corporation
Texas
Dixie Weil
Steech
Comales
Beaume Cosden & Co
Commonwealth
Nipissing
Hibbs & Cot
Atlantic Petroleum Explosives
City
Barnett Owl
Hig Ledge
Boston
Montana
Wyoming
Putterworth Judson
Caledonia Mining
Calumet and
Jerome
Lanada
Chevrolet
Cosden Co . Wy
Cosden
Lesson
Lurtiss Aero
Davis-Daly Bly
Elk Basin
Merson
Thamma
Ladicete Johnson
Rene
Ulenroek
Goldfield
Howe Sound
Ie Hudson
Hupp Motors
International Rubber
International Patrol
al Islands
Lake Torpedo
MacNamara Mining
Mason Valley
Maxim
Merritt
Patrel
Midwest
Midwest Oil
Midwest Refining
IKK
Alotherode
Nevaila Ophiray
Cornella
Nipissing Mines
North Amer FP & P
Ats Northwestern
Whlahama, Orthio Copper Co
Okmulges
Peerless Motors
Hercules
Bequoyah
Sinclair Gulf
Standard Motors
Ie Submarine Corporation
Success Mining
Swift International
Tonopah Fatension
Triangle Film
Tri Bullror
United Hastern T
S Light & Heat
Cry S
Light & Heat
United Motors
United Verde
United L
Victoria Oil
Vennee
Wayland Owl
West End
Weright Martin Aerool
Anglo-Am Oil Co
New
Atlantic Refining Co
Boirne-Scrymser Co
Buckeye Pi
CurB Stocks and New York Money Market Report June 5
New York money market quotes show Mercantile paper at 5.44 for 34 percent, sterling bills 0 day at 4359, 60 day bills 4456, demand foreign exchange at 461 percent, cables 462 percent, francs demand 652, cables 650, lire 807, government bonds and rail bonds firm. Time loans strong across 60 90 days and 6 months. Can money firm at high 6, low 6, ruling rate 6, closing bid. 4 percent offered at last loan bank acceptances 432.
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Mercantile Paper
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