Market edges up as rails eyed and oil stocks rise
Traders noted a slower pace of gains with mixed turnover led by American International and a strong showing by chemical and fertilizer groups. American Cotton Oil fell four points on preferred stock dividend and Cosden weakness sparked by control-sale rumors, while Kennecott and BradonCopper reports offered cautious optimism about copper.
MENTIONED IN THIS ARTICLE
Washington Post
New York
American International
American Agricult Rural Chemical
Allied Chemical
Atlantic Gulf and West Indies
Royalt Dutch
Shell Transport
United States Food Products
Rtone
Goshen Gil
American Express Company
American Railway Express Tax Company
American Express
American Railway Express
American
Press
Express
Safclals
Cosden
Cottonseed Oil Market Quotes and Dates
New York May 3 Cottonseed Oil bids show 7.20 to 7.73 ranges with May July and September contracts listed. Prices and specifications appear fragmented among trading terms and dates.
MENTIONED IN THIS ARTICLE
New York
Prime Dude
Prime Agirmer
Curb Market Review Spurs Oil and Mining Sector Activity
The curb market opened on a stronger note with oil issues leading trade. Midwest Mining hit a yearly high despite a weaker annual report, while Standard Oil of Indiana slipped from its peak. Industrials and rails showed mixed moves with Amalgamated Leather and Polk groups advancing, and Cosgrove Export Brewing and Universal Gun Corp applying for industrial issues.
MENTIONED IN THIS ARTICLE
Petroleum
Mexico
Amalgamated -Leather
Cosgrove Export Brewing Company
Canada
Universal Gun Corporation
Standard Oil
Indiana
Midwest Refining
Standard
Oi! of
Midwest
Pan-American
Belgian 65 Bond Prices Hit New High Amid Strong Market
New York May 5. Belgian bonds rose over 2 percent to fresh highs as the improving Belgian exchange and potential profits from 6 and 7 1/4 per cent notes attracted holders. The sinking fund calls for June 1 start retirement of 2,000,000 dollars in Belgian francs. State and municipal financing shows a record year with 296 million dollars in four months, likely to exceed last year’s 782 million. Public utility attitudes improve with 883 gas companies in 1,400 towns granted 1,382 increases and electric railways in 343 cities raising fares from 6 to 10 cents.
MENTIONED IN THIS ARTICLE
Libby, M’neill & Libby
Washington Post
New York
United States
New York City
Committee On Public Service Securities
The
Investment Bankers Association
H. M. Addinzell
Union
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