Sugar and Tobacco Stocks Rally and Then Slip Again
In middling trading on May 15 the stock market showed initial strength in sugar and tobacco shares but failed to sustain the rally. Dealers covered shorts while offerings remained light, with steel and motor groups retreating and rails outperforming. European and foreign exchanges firmed moderately, though the day closed with mixed gains and notable losses in American Can, Bethlehem, and US Steel.
MENTIONED IN THIS ARTICLE
Tork
Stock Exchange
Fanswal
Easton
Ponte
Uke California
Reyal Dutch
Pan-American
Alen
New Haven
Shorts
Studebaker
Us& Steel
Baldwin
American Locomotive
Bethlehem
Republic
Crucible
Thera
Call Loane
London
Frances
Wall Street Gossip from The Washington Post May 16
Reports from Washington state that the Interstate Commerce Commission authorized payment by the Secretary of the Treasury to the Southern Pacific Company of 4235.30 to close its government account under the six months guaranty clause of the Transportation Act. Other items note steel price reductions, a possible dividend decision at Taxi Quir Rulphuer Company, stock subscriptions at American Woolen, and ends with a chaotic summary of various industrial and corporate notices.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Washington Today
Interstate Commerce Commission
Southern Pacific Company
Chicago
Pittsburgh
Zinc price rise noted as four month totals rise
Figures show zinc producers lifting prices with 61 728 tons at end of April 1972 and four month sales of Jones Brothers Tea Company reaching 1 462 160 dollars, up 4 185 over April 182% while four month year to date sales total 5 803 078 dollars, up 55 845 from last year. Retail prices lower than 1922 estimates imply a 6 percent unit volume rise. American Can Company denial of four share stock issue plan stated by a director.
MENTIONED IN THIS ARTICLE
American Woolen
Balas
National Croak and Built Company
Jones Brothers Tea Company
Live Stock Markets Report from Chicago and New York
Chicago receipts show cattle and hogs reaching high activity with varied price shifts. Cattle steady to lower on some grades. hogs opened higher but closed steady. lambs and sheep mixed with limited demand. New York prices show cattle receipts limited, veals and sheep trading firm with modest gains. Cottonseed oil futures quoted with firm nearby months and premiums on prime grade oil.
MENTIONED IN THIS ARTICLE
Chicago
Dept. of Ag ‘Riculture
Tata Heer
Psa
Taney
Atrang
California
New York
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ASDAY
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Berlin
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Twa
Cologne
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Mick
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Alan
Abe
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Marand
Crgerleder & Fn
Stuttgart
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Sugar Sf Wa
Ahl
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Auat
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Abo
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Abe Ui
Bs Ik
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Alison
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Sane
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Pan-Am
Bette
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al Pat
Peor
East
Aris
Ate
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Porto FR. Am. Tob
Ib. Sar
Eib. Ser N. J Pe
Ines
Ts ci
Pullman Co
Tereal
EEO Chine Chile
BK Ben
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Ees Cluett Peak
Deare Co
Binal. Com
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Pac
Ft du Pont
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Letshmann Co
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al Keystone Ly
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Jay
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May Dept
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Wall Street
Grantal
Perfort
Taxi Quir Rulphuer
Aome
Bureau of Indian Affairs
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Washington
Endicott- Jonnes Corporation
Amarican Zinc Institute
Saare
Stora Pb
Else Tore Omnes
Ween
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