Market Firmer As Stocks Gain Amid Rail Strength
New York August 31 The firmer tone of Friday afternoon continued with most issues closing higher led by Rails and United States Steel. Southern Railway gained and high priced issues boosted activity while low priced stocks and metals advanced. The market opened higher and closed strong with Dutch investors reported as buyers in Southern Railway.
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Washington Post
New York
Maine
United States
Atel
Tock
Raila
Southern Railway
Rock Island
Gaina
Sniverksal
Enesal
de- Terre
Rad
Gulf States Steel
Vr Ae
U Ars
Amer
Tel & Tel
Coubsidiaries
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Armour Une
Agis
Armour
Wee Une
Bethlehem Steel
Brooklyn Rapid Transit Bs
Canadian Consultantes Rubber
Pillaw
Ehelr Dts
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Burlington & Atorney Jr
Chicago & Western Inn Oh
Cudahy Packing Co
Wee Fuly
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Otis
Ekee Tees
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Aee
Procter & Gambie
Eae. Ee
Sean
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Public Service Corp. of
N. J
LEP
Remington Arms
Union Pacific
United States Rubber
Westinghouse EL. & Mfg
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City of
Bordeaux
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Margelies Tal
Paris
Swiss Government is. + March 1, app. was 100% 100% 4.85 United King
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G.B. & Ire
Curb Market Opens With Mixed Moves Across Sectors
New York curb stocks opened steady with United Motors down while Chevrolet Houston Submarine Boat Aetna and Wright-Martin held. Stanton Oil and Southwest Oil rose on anticipated Labor Day announcements and new well results. Strong activity in Boston Montana Eureka Croesus Calumet Rochester Combined Hurnite Coal hit a new high, and Mutual Mining and Leasing preferred stayed active on recent developments.
MENTIONED IN THIS ARTICLE
New York
United Motors
Chevrolet
Houston
Aetn
Wright-Martin
Stanton Oil
Southwest
Stanton
Boston
Montana
Eureka
Croesus
Calumet
Jerome
Cornelia
Rochester
Mutual Mining and Leasing Preferred
Reserve Bank Statement and Market Prices Report
A historic ledger style excerpt shows a Reserve Bank statement with totals for assets and liabilities, including total resources and deposits. It also covers New York market data for butter, eggs, cheese, poultry, cattle, hogs, and sheep with receipts and price ranges from Chicago and New York markets.
Conditioning of Clearing Banks in New York Week Ended Aug 31
Clearing house banks and trust companies report total reserves of 545,297,000 with an excess of 66,327,750. Loans and discounts drop 4,428,323,000 while net demand deposits rise 45,252,000. U S deposits deducted 216,255,000. State banks show increased reserves in vaults and deposits with Federal reserve.
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New York
Aus
F. R. Banks
Federal Reserve Bank
United States
Greater
Clearing House
Leang, Discounta, &A
Ware. York
Des Arenas
Bank Aveueh
New York Money Market Report For Aug 3
New York money market reports show helium paper at 6, sterling 60 day bills 4.73, commercial 60 day bills 4. Ae, demand cables 6.48, 5.46 for cables, guilders demand 60%, mand 4.36, nominal beg: 1 can dollars govern ment bonds firm.
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New York
Helicentiic
Banke
Sabe Ravi Dearen
Strikers Held On Anti Leafing Charge Near New York
Four Long Island City workers striking from a gas mask factory were held on 3500 bail by Magistrate Koechendorfer in special sessions. They faced charges of violating the anti leafing law, with the magistrate declaring the law aims to force workers to support war efforts by keeping essential industry operating.
MENTIONED IN THIS ARTICLE
New York
Long Island City
Court of Special Seasions
Koechendorfer
France
St. Louis
Bond Market Dull As Banks Expand Reserves And Workers Hoard
The bond market showed dull and irregular activity with government and foreign issues steady while rails and industrials drifted. Bank reserves rose slightly amid a $4 million drop in surplus as deposits swelled by $44 million from noted withdrawals of U S deposits. Authorities warn of wage-led hoarding driving currency circulation and inflation, urging deposits, checks, and securities purchases to stabilize the economy.
MENTIONED IN THIS ARTICLE
United States
Jobe Erie Securified
Federal Reserve Bank
Federal Reserve
Mabilleles
Washington Post
New York
jPrices
Pennsylvania Railroad Stockholders Rise in Number and Ownership
The secretary reports the railroad's stockholders grew from 94,249 to 104,228. There are 39,285,314 shares, averaging 6 shares per holder. Women now own 49.56 percent of all stock, with 938 associations and institutions registered as shareholders.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad Company
Local Produce Market and Meat Conditions Report
The Department of Agriculture reports a healthy local market week with moderate receipts and steady to higher meat prices. Beef prices rose. cows and light steers tight but selling, western dressed steady to higher. lamb steady to higher with moderate receipts. mutton slow with limited demand.
MENTIONED IN THIS ARTICLE
Chicago
U. S
New York
Steel Producers Seek More Labor and Bond Registration
Steel producers urge more labor to raise output for wartime needs while presses to register Liberty bonds intensify. Government circular notes conversion rights for 4 percent bonds, warns of loss of privilege if delayed, as banks experience busy day and preparations for the fourth Liberty Loan quicken.
MENTIONED IN THIS ARTICLE
Treasury Department
Counrtry
Washington
Chicago Grain ends mixed as private crop view tempers bears
A pulsed crop report from a major brokerage spurred brief gains in corn but failed to halt the overall bear market. October corn closed around 1.5544 with revisions suggesting a month’s harvest shrinkage of about 40.5 million bushels. Oats and barley showed lighter activity, with cash grain prices mixed under October futures as traders balanced holiday accounts and private estimates against government figures.
MENTIONED IN THIS ARTICLE
Chicago
Suport
Wae
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