Market slides as steel lead declines deepen in trading
Irregular market action showed declines greatly outweighing advances with U S Steel, Bethlehem Steel, United States Rubber and Virginia Carolina Chemical hitting new daily lows. Crude rubber prices fell to a record low and Pennsylvania stock plunged to 32 percent amid broad liquidation and weak demand.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Pierce-Arrow
Texas
United States Steel
Bethlehem B
United States Rubber
Virginia-Carolina Chemical
Goodrich and Chandler
U. S
Pittsburgh
Virginia-Carolina Chemical Company
Oil Shares Drive Curbed Market Amid Mixed Trading
The New York curb market opened firm but weakened through the afternoon with Cities Service plunging from 113 to 106. Oil and chemical stocks dominated activity as Carib Syndicate hit a new low, while British American coupons and several coal issues showed varied moves.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Stogka
U. S
Glen Aiden
Bankers
Carib Syndicate
Standard Oil
Indiana
California
Petro-leam
Elk Basin
Simms Petroleum
Lackawanna
Glen Alden
Southern Coal
Farrell
Acme
Oil Quotations and Shipments Reported for June 23
Oil quotations listed with 12.50 and 84 693 runs and 55 791 average. Shipments total 45 082 with average figures. A credit balance of 42 623 noted for oil in Pennsylvania as of June 23.
Lull in Bond Offerings Persists Across Markets
The Washington Post reports a broad lull in new investment offerings as governments seek funds. Britain’s Bank of South America loaned Uruguay 8 percent for one year, while U S and Canadian issuers pursue extensions and new bonds. Notable moves include Dallas Union Terminal, Gulf and Northern Texas, and Elberton and Eastern railway issuances, with limited deals under discussion and a large reinvestment pool forming for July.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Washinggton
British Bank of South America
Uruguay
Boston and Maine Railroad Company
Interstate Commerce Commission
Union Terminal Company
Dallas
Tex
Gulf and Northern Railroad Company of Texas
Texas
Elberton and Eastern Railroad
J. P. Morigan & Co
New York State
New Brunswick
Canada
Burlington
War Finance Corporation
Southern Railroad
Southern Railroads
Cottonseed Oil Market Prices Soar in New York
New York on June 23 reports prime crude cottonseed oil at 6.00, prime summer yellow spot at 7.40, with July 7.39, September 7.85, and December 7.35 bids. All bids are active as traders monitor demand and supply shifts.
MENTIONED IN THIS ARTICLE
New York
Rogers Mike Products declares dividend for preferred shares
At a regular meeting of the Rogers Mike Products Co. Inc board of directors the dividend for the entrant quarter at 2 percent to the preferred was declared. Records close June 28 and checks will be mailed by FE. H. Spence & Co., their fiscal agents. June 30.
MENTIONED IN THIS ARTICLE
FHS Board of Directors
Rogers Mike Products Co., Inc
Attek
Ooks
FE. H. Spence & Co
Wale
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Pennsylvania
Lee
Tire and Rubber
Kelly Springfield
Chicago
General Motors
Sumatra
American Sun Matra Tobacco Company
NEW York Stock Exchange
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City South
Rumely Whens
City Sp
Rumely Pf
Kely Spr
Tire
Enn. Cap. Cor
Ajax Rubber
Keystone
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Allied Chemical
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Lorifard P
Can
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Marland_ Oil
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Mo. Pacific Pf
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Ee Saiteseaa Ship. & C
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Am Smelling
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BE. & St
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Nevada Consol
Am. Tobacco
Rey
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Central
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Pullman Co
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Panhandle
Chandler Motor
Ray
Stl. Spes
Ches, Io
Ray Con. Cop
Chic. Gt. West
Hic. Gt. West
Chic. M. & St. P
Remington
Buea
Chic. & N. Wn
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RI & P
Joseph
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St. L
China
Columbia Graph
Seneca Copper
Shell T. & T
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Cosden & Co
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Crucible Steel
Stromberg
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Davison Chem. Co
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del, L. & Westn
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Third Avenue
Erie
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Vereen Art
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United
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Gen. Motors
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Goodrich B. F
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Goodrich B. F. Pf
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U. S. Rubber i
Greene-Cananea
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Hask & Barker Bly
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Interboro
Con
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Agric. Corp
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M. Ma
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M. T
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MN. W
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The
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Penn. R. R
Am. Tel
Tel
F. Pr
Atlantic Refining
L & SF Inc
Ohio
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Seab
A. L
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A. L. Adj
Tel Pa
Sac
Sinclair Cons
O. Cor. Ties
Central Pacific
So. Pac. Col. da
Toy Tq
Union Pac
Rubber Ist & Re
S. Rubber Tis
den, & RF. G Ast
S. Steel Bs
Western Md
Goodyear T. & R. Co
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Int
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Wilson & Co
Chance
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Iivante
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Ind
Gall
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