Demand Greatest for Railway Bonds
Rail bond prices surged after the Federal reserve discount rate cut in New York. Railroad issues led gains across E and Midwest listings with several names advancing strongly and Northwest subscriptions to Great Northern Northern Pacific bonds reported. Libby McNeill & Libby plans a $10 million first mortgage issue with Chicago and New York distribution set.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Federal Reserve
Federal Reserve Bank
Baltimore and Ohio
Chesapeake and Ohio
Chicago and Northwestern
Rock Island
Missouri Pacific
New York Central
St. Louis
San Francisco
Pennsylvania
Southern
Markets rise as prices hit year highs amid rate cut optimism
New York markets show strength across rails and coppers as the Federal Reserve Bank of New York cuts the discount rate. Investors chase Rock Island Southern Pacific and U S Steel, with Bethlehem Steel leading independents. Commodities firm with wheat gains and realty predicting 6 percent dividends.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Federal Reserve Bank of New York
Railway Labor Board
Rock Island
Southern Pacific
Kansas City Southern
Baltimore
Ohio
Wabash
Ae BL Paul
New York Central
Texan Pacific
U. S. Realty
United States Steel
Bethlehem Steel B
Gulf States Steel
Federal Reserve Bank
Harding
Bethlehem Steel Corporation
W&discs
Market Mixed: Oil and Industrials Lead Broad U S Trading
In New York May 5 the curb market showed a strong tone with gains in several industrials and strong oil issues. Granada rose toward new highs while Mexico Panuco and Gilliland Oil drew attention amid renewed demand for Mexican shares and mergers activity.
MENTIONED IN THIS ARTICLE
Cial
Washingon Post
New York
Daly
Chicago
Illinois
Union Carbide
Libby
McNeill and Libby
Gette
Maracaibo
Carib Syhdicate
Mexico
Panvuco
Simms Petroleum
Gilli
Granada
Gilliland Oil
Panuco
Castillo
Rural suburban home project promise health safety savings
A note promotes a combined financial program to build rural and suburban small homes with 50 percent savings and health and safety benefits. Full information via Box 470, this office.
Bond Offerings and Mortgage Securities Dominate Trading
The report lists numerous large offerings including Tennessee Bonds backed by 80 541 acres of timber and 122 000 000 feet of lumber, a 6 5 million Connecticut Light and Power first mortgage bond due 1951, and a 440 000 first mortgage serials, with Baker Fentress Co of Chicago and a syndicate led by Lee Higginson & Co involved. The stock exchange continued to trade actively as these offerings were sold.
MENTIONED IN THIS ARTICLE
Steel Corporation
Loreuhadont
Railroad Labor Board
Chicago
Studebaker
Bethlehem
Baker Fentress & Co
Tennessee Stave and Lumber Company
Tennessee
Connecticut Light and Power Company
Lee, Higginson, & Co
the Stock Exchange
Also Mentioned on This Page
NEW York Stock Exchange
Northwest
Big Hill
Libby, M’neill
Great Northern-Northern Pacific
United States
Northwest Company of
St. Paul
United States Treasury
Salomon Brothers and Hutzler
Libby, McNeill & Libby
Harris Trust and Savings Bank
Dillon Read & Company
Illinois Trust and Savings Bank
Continental and Commercial Trusts and Savings Bank
Beléa
Adams Express
Rumety
Island
Rumety Pt
City ‘South
Ajax Rubber
City Sp
Alaska
Okelly Spr
Tire
Remaie
Agka Juneauipers
Lacka
issChalm. Pf. . Gr. Chem
Lake Erie
Bosc
Lehigh Valle, Inc
Loew’s, Lert, Inc
Looge-Wiles
Ara Car & Fdy
Louis. & Nash
Ar & Fd
Maxwell Chalm
Manhattan
Sas
al Martin Parry
A & Leath
Mexican Petrol. 49 150 Lat (Das. 1% 00} Am Toe Pivenecans
Wean
Miami Copper
Middle States
Midvale Steel
St. L. New
la France
Wey Wim S. Pie SS
Kans. & Tex
Ea Mo
Pacific
Pte
Ship & Smelt
OjMo. Pacific Pt
Am Smelt el Ng PE . Me
Afont. Ward
Steal” Fay
Sumatra
N. Or
Tex, & Mex
Nevada
N. Y
Yoo
Ny & EH
Ah MojNorfolk Gouthe
Norfolk & West 1B
Guit & W
Das
Northern Pacific Love
Scotia Steel
Okla
Atlantic Pet
Ontario
JjAuto
Orpheum
Otis Steel
al Imchowens
Ar H. Steel
Beth, Steel
Beth. Steel
Brooklyn RT. Ale
Pan-Amer
Brooklyn UN. Gas
Parrish & Bing
Burny, Bros
Enney Vania R
Penn. Seab. Steel
Butte
Cop & By
Abe Beopies Gag. Ch
Caddo
Butte & Sup
Peoria
Calif
Pere Marag’e Pt. Pi
Calumet & Ariz
gyolPhiladelphia Co
Canada Pacific
Phillipa vPetroleum
Orks
Ferce
Pitts, & W
Ches
Gt West
Chic. & Alton P
Chic. T West
Pf. O Remington
Rl& P
Pt Tay
Vector Republic Ir. & Sti
Chile
China
Coca, Cola
Santa Cecilia
Columbia Gas
Savare Arms
Columbia
Sexon Motor
Seab'd_ Air Line
Seaboard Air Line
Rogbuck
Consol
Enaca
Cigars Pc
SEN
OiThattuck
Arizona
Shell Trad. & Treath
Ion
Oda
Eat Wit Sinclair Consol
Sioss-Sheffield
Conti
Southern Railway
Southern Hy
N. J
Cosden & Co
Stewart Warner
Crucible Steel Ae
Stromberg
Cuba
Davison Chem
del. & Hudson
Superior Oil
Del
le & Weath
Superior Steel
Denver & FR
Denver & R. Bf
Detroit United
Afl
Texas Co
Elk Horn Coal
Ex, & Pacific
Orn
Tex
Pac, C, & Ae
Findicott
Paces
L T
Erie
Famous Players
iTranscon
Williams
Union
Fish Tire
Yat. Pigao
Onion Pacific
Tis
Freeport
United Alto
Gaston W. & Ww
United Drug
Aoi
Aspn
Aetna
Cigar. i
Gen
Brect. Wes
Rica
Heli Ob
Gen. Motors Ser
Ar Hay i
Goodrich
Goodrich, B. F
Fe Realty
Great Northn
Treat Northwmore
Paar
Greene-Cananes
Guantanamo Suger
Gule Mob
Wests
Gos NM Ee
Sonia Cru
Habiahaw
Chern
Hartman Carp
f.Va
Carp
Chem Ia
Hank, & & Barker
Hupp Motors
Central Sity
Aryland
Indiahoma Ree Eeive West
Melaeestern Pacific
Coneal
Uni
Herventer
L. I
Ourly Dales
Beamnst
Yeatieday
New High
Curb Market Review
Acmé Packing
Colombia
Intercontinental
Ica
United Retail Chady
Wes Quiet
Nipissing
Greece
Argentine
Brasilian
Montreal
Hursday
Fediond & Coy
Goye
Hwitz
Death Advaie Stdal Ss
Ater
Low
B.& Aes
Ark I
Ort. R
Ievt
Pac
BR. FR
Tel & Tel
Cy Penn
BO Ts L
FP. Pr. Lian
Bell Tel. Ra
TB. Oe
Stl. & SF Adj
Central Pacific Ts
Toist. L
I. Ine
Ta. Eeeese
I. R
Tae
Ruther
Rapid Tran
Mer
Marine A
City of
Omaha
Hat Mexican Petroleum Company, Ltd
Delaware
Baltimore Securities
Bank of Commerce
Maryland
Bay Houston
United Rys
Penn
City
St. Con
Con
Gas
Penn, Wat. & P
United Rys. & Bloc, Inc
Elec
Wash
Balto
Swartzell, Rheem & Hensey Co
15Th Street
N.W
Washington, D. C
Norfolk & Western Awy.Co
Norfolk & Western Railway Co
Pennsylvania Railroad
Pocahontas Coal & Coke Co
Pocahontas
West Virginia
Redmond & Co
Frazier & CO
Fifteenth Street
N. W
Philadelphia
Pittsburgh
Sth and
H Streets
N. E
Speen
Danni Security and Trust Company
American Security and Trust Company
American Security & Trust Company
5Th Street
Pennsylvania Avenue
SHOME
7Th Street
Marzachoners Ave
Hth
Htreets
Seventh Street
S.97
American Bankers Association
Cities Service Company
Bankers Shares
Heny WL & Company
Bankers
Bankers Share
Dept. P
D. W. Griffith Inc
Miller Train Control
United Auto Stories
Noco Petroleum
Edmonds Oil & Refg
International Finance
Stevens Duryes
Remington Phonograph
Metro Uean Theater 7
Mfa
California Hotel
Occidental OH Corp
James J. Fradkin Evans
Brig
Washingtn, Dc .A
Harriman &Co
Memeles
Broadway
Washington
Colorado
G. B. Chipman
H Street
Franklin
Herbert H. Brown
Met
Northern Pacific
Great Northern
For Mr
P.west
Oricular
Domme Aungtom
Isith St. N. W
Balto. & Ohio
Gens. Motors Am
Wooler Bethlekes Steel Cashen
Axsconda Gest
Asphalt
Phorbett Robertson & & Momlers
Enosh
M. P. Drain
15Th St
H. W
Washington, D.C
New Tore
Beaver & Abe
Walmot
Vickers