Stock market eases as selling pressure relaxes broad rallies
New York June 8 trading softened as liquidation eased and demand steadied for rails and oils. Steel shares remained weak though United States Steel fell while Continental Can declared a regular dividend. A drop in call money to 1 32 percent and rumors about dividend actions in oil stocks shaped a cautious mood.
MENTIONED IN THIS ARTICLE
United
United States
Curb Market Review Mixed. Union Carbide Falls on Dividend
Special to The Washington Post reports a generally improved outside market tone but irregular price movement. Early trading shows some gains over last night’s close, yet professional selling drags other quarters. Union Carbide tumbles ex dividend, while Midwest Refining and several oil stocks post fractional gains. Trading activity concentrates in Boston, Montana, and several mining interests as overall sector shows mixed momentum.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Union Carbide
Midwest Refining
Standard Oif
Indiana
Anglo-American
International Petroleum
Sitams Petroleum
Glen Alden Coat
Chicago
Eastern
Ilinois
United Atetat
Boston
Montana
Gureka Croesus
Enox Divide
Market Summary of Anglo American and Related Stocks
Anglo American recovered from the announcement of new stock value and traded at 15 percent. Standard Oil of Indiana advanced on supply news and yielded from 67.5 to 6.7 percent. Carib Syndicate rose but trimmed gains after noon, with Bimms Petroleum in good demand at 7.8 percent. Industrials stayed quiet. Glen Alden Coal held at 41 percent, Reading rights at 15.44, Southern Coal and Iron ranged 4 to 31 percent. Sweets Company of America unchanged at 2 percent. Mining stocks rose on favorable development news from Boston and Montana mine at Elkhorn and Goldfield Florence shipping high-grade ore. OIL QUOTATIONS, OH City PA, June 5: Credit balances 3.00, runs 94,286, shipments 64,747, averages 1698.
MENTIONED IN THIS ARTICLE
Anglo~ American
Standard Oil of
Indiana
Carib Syndicate
Bimms Petroleum
Glen Alden
Reading
Southern Coal and Iron
Sweets Company of America
Boston
Montana
Elkhorn
Goldfield
Florence
New York Money Market Report Narrow Rates Across Markets
New York June 8 details prime mercantile paper at 64 7, 60 day bills at 3.71, commercial 60 day bills 3.70, demand 3.7534. Cables show Fr francs 7.90, Belgian francs 7.89, guilders 23.08, lire 4.74, marks 1.48, Greece 6.02, Sweden 22.30, Norway 14.80. Argentine 31.37, Brazilian 17.26. Montreal discount 10 11-16. Time loans firm at 7 percent for 60 90 six months. Call money easier. high 7, low 6 1/2, ruling 7, last loan 6 4, bank acceptances 6. Silver domestic 99 1/2, foreign 68, Mexican dollars 44 14.
MENTIONED IN THIS ARTICLE
jOpeniHigh
Aes
Adams Express
Kelty Spr
Tal
Adv
Rumety Pf
Kelsey Wheel i
Ajax Rubber
Kenn, Cop
Cor
Alaska Gold
Keystone Eee
Alaske Juneau
Lims
Loco
Allied Chemical
Teyefeens
Lacka
Lee Tire
Lehigh Valley
Loew's (Inc
Bosc
Lort (Inc
Can
Lorillara
Louis. Nash
Car & Fd
St. A
Cotton Oi
Bane
Air Raon
Dru Synd
Man
Era
Leath
Am. Safety R
Midvale
Steel
I, & St. Ll. New
Ana. & Tex
Sun
Acticed
Pacific Pt T
Steel Fey
Mont
Ward
Montana Power
Nati
Acme
Tel
Telez Tobacco
Biscuit Co
Tobacco
Biscuit
Tob
New Woolen
Toy Tate
Natl. & St
Zine & Ld
Natl
Anaconda Zinc & Ld
Nath Ry
Mexico
Nevada
Conaal
Assoc
Gulf & W
Norfolk & Weata
Baldwin Loco
Brooklyn BR
Try
Paolific Gas & Hees
Brooklyn R
Pacific Oil
Brooklyn UN
Pan-American FP
Butte Cop
Calif
Pere Marquette
Canadian Pacific
Central Seath
Phillips Petroleum
Cerro de Vasco
Pierce-Arrow
Chandler Motor
Ches. & Ohio
Pierce Oil
Chic
Gt. West
Pittsburgh
Pitts. & W
Pullman Co
Teh Wa
Petes
Binaa Vel
Punta al
Hester
Chile
Chino
Remington
Cluett Peabody
Replogie Steeley
Republic Ir
Colo. & South
Repub. Ir
Republic Motor Tr
Columbia Gas
Royal Dutch N.Y
Columbia Graph
YOO At
Mnos L
F. Pf
St. L. Southwn
Consol. Cigars
bedlConsol
Santa Cecilia Ae
Con
Inti
C. M
Consol. Textile
Seaboard Air
Contl
Seaboard Air L. Pf
Bears
Crucible
Sloss
Sheffield
Cuban-Am
Iss
Por
Rio
Southern Pacific
Cuba
Southern Railway
Davison Chem Ca
Steel & Tube Pf
del. & Hudson
Stromberg
Endicott
Copper & Ch Ry
Erle
T. 8 Co
Texas & Pacific
Pac
Coat & Ov
Min
Sm. Ae
Ay Guy
Fed
Pel
United Drug, Aay
Gen. Electric Ee Ae
United Fruit Host
Gen. Motors Ag
United Ry. Inv. Oy
Gen. Mo
United Ret
Goodrich B. FF
Vu. S&s Food
Granby Consul
Ind Alco
Ortha
Agit
Northnore
Greene-Cananer
Gulf States Steel
Hask & Barker
iFendee Mfe
Ig Tate
Houston
Hupy Motors
Utah
Caro
Ghembai Bie
Nspira
Vivadou, Inc
Interhoro
Intl
Agric, Corp Bis
Weber & He
Agr Pt . Oar
Weat
Maryland
Harvester
Western Pacific
M. Ma
Western Union
Westinghouse
Invincible Oil
Vis
Aed
Island
Wilson & Cot A
Lewe! Tea, Inc
Higs-Overland
City South
Ang
Woolworth
City
Oh Red Ao
General Electric
New York-Washington
Redmond & Co
City of Paris
Rapid ‘Tran. & Aes
Mer
Marine
Lehigh Val. Ga
Tap
Dhs
Ster
RAM Ong Nidvala Steel
King of Bele
Gen
U. K
U. S. of Mexico
Yi Abu
Packard Motor Car, Co
Am. Tal, & Tel
Penn. R. R. Gon
I. Gen
Ss Tay
Boon Atl. Cc
L. Tet
Tate T
St. L
S. F. Pr. En
Balt
Ohio
Bite
St. L. Adj. Ts
A. I
Bell Tel
Oefers
Ches, & O
Fis
Chi
Nwn
UY. S. Steel
Erie
R. G
U. Tel
Ft. i
Goodyear T & Seu
Co. Bs
Hilec
Westinghouse E. & Mi
Wilson & Co
New York
Sweden
Norway
Montreal
Bank
Wee
Mellon Financing Methods Approved in Major Market Move
The Washington Post reports the Treasury's plan to issue 500 million in one year 5 percent certificates and three year 5 percent notes approved with heavy investor support. Oversubscription appears likely as banks, savings institutions and life insurers back the issuance. A parallel bid opening is expected for 41.8 million in 5 percent serial bonds exempt from tax, financed for highways, forest land, and barge canal terminals, with several all or none bids anticipated.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Financial Center
United States
A. W. Melton
Secretary of the Treasury
Salomon Brothers and Hutzler
Wall Street
Albany
Trudt
Blair & Co
First Ien
Also Mentioned on This Page
Brutks
Yestur Tu
Republic
U.S. Steel
London
Commission
Dodge Brothers
Chandler Motors
Studebaker
Pace Oi
Oklahoma Produces and Refining Company
Lare OW
Mathet
American Agricultural and Chemical Pre- Terre
Dncn
Tume
Washington
Hanks Jeans
United States Steel Corporation
Pacific Gas and Electric Company
Yurine
American Tobacco Contistues
Cosel Cit
The
Public Ledger Co
Justec Lite
NEW York Stock Exchange
York
NEW York Exchange
Curb Market Review
OH City
Attden
Western
Nation
Harriman &Co
Broadway
Colorado
G. B. Chipman Manager
Ralph W. Lee & Company
Main
Columbia Graphophone
Outlook
I-P
A Dillon
Copper Securities
Capy
Rose & Company
Broad St
American’ Woolen Company
Tansachusetts Corporation
Nend
William H. Dwelly
Mars
C. Goldhur
Broad Street
St & Company Reliability
United Auto
James J. Fradkin Evans
Washington, DC
Bok Springdila Floral Co., Inc
Ualf Securities Bourlt
Riemer & Com
Liberty Bonds
Liberty Bond Exchange
14Th St. N.V
Wm. H. McKenna & Co
West 43d Street
Baghies
Eschisons
Exchange Place
Independence
Bank of Utmost Service
Seventh Street
N.W
H Street
Franklin
Herbert H. Brown
Mgr
John L. Edwards & Co
H St. N.W
Washington Stock Exchange
Hornblower & Weeks
Harris, Winthrop & Co
CSAFE
National Savings & Trust Co
Washing Yearton
Corner 15Th St
N. Y. Ave
D.C
Shannon & Luchs
Realtors
14Th Street
Econtains
E. M. Fuller & Co
Stglk
Newark
Ppohan
Dire Priaate
A. A. Housman & Co
New York Cotton Exchange
N. Y
Woodward Building
Charles R. Alley
Met
United States OF America
Treasury
Alex. Brown & Sons
Baltimore
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