Market Slump Cites Recession Fears and Penn Rate Hint
The report notes a dampened stock market with low mood and cautious trading, citing recession fears. It mentions broad declines amid high call money and a Pennsylvania rate decision looming, with crop reports offering mixed signals and some favorable indicators.
New York Money Market Report Harshly Mixed
New York money market closes with uneven demand as call rates drift, bankers report weak bearing ages and caution persists. Government bonds and railroad securities show varied activity while commercial paper remains limited and treasury issues edge higher.
MENTIONED IN THIS ARTICLE
York
Pamkars
Wall Street Gossip and Copper Dividend Moves
The Washington Post reports market reactions to a disappointing city bond sale with bids far below par and prices slipping from morning highs. Copper producers Calumet and Hecla cut quarterly dividends, Amalgamated Copper issued large sell orders, and American Smelting and Refining led the downward drift with a 4.2 percent drop amid broader negative tone in copper stocks.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Gept
Wall
Market Fluctuations Hit Chesapeake and Potomac Stock Talks
The market yesterday saw activity in Chesapeake and Potomac Telephona and Washington holdings as prices fluctuated. Copper and steel shares declined with weak demand for Greene Canaries and related issues while United Metal Sell fire Co cut copper to 18 cents and a cautious mood spread among investors in New York and Washington brokers.
MENTIONED IN THIS ARTICLE
Lana Fon
Mitchell
Péopile
Mergenthaler
United Metal Sellfire Company
Greene-Cananes
Xam
Washinsion
Irving K
Farrington & CO
Nevada
Walt New York
Washington DC
AMI
Washington Produce Market Prices and Notes
Wholesale prices for vegetables and poultry dominate the record with quotes for butter milk eggs and eggs goods as well as chicken and beef items. Virginia Tennessee and Southwest Virginia markets are cited with price ranges and demand notes.
Wheat and Oats Yields Lag Behind Ten Year Averages
The Bureau of Statistics report shows wheat and oats yields below long term norms with corn and oats conditions on September 1 weaker than last year and compared to a ten year average. State by state tables detail fall crop conditions and market impacts across principal producing areas.
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Seoverber
Migie
GBS
A3 Paints
Wblou
Cartier Ton
Garanent
Bustares
Neady
Gia Western
Yeeterdey 2 Allers
Bos
Santa
Bor
Bureau of Statistes
Department of Agriculture
Batley
Grop Reporting Board
Bureau of Statistics
Kentucky
Oliebone
South Carctton
Gourn Dakota
Matariall
Vicefola
Nordbwert Otter
Gavirnrorot
Apne
Tae
Santeaubet
Lueal
Alps
Son
Ealy
GME
Bree Wits
Alina
Indiana
New York
Pennsylvania
New York Produce Market Summary Entry
Market report lists dairy cuts and meats with steady prices. Items include chestnut prime ribs, turkeys, chicken, flour receipts, corn meal, lard, pork, cabbage, and potatoes with notes of unchanged or steady demand across categories.
MENTIONED IN THIS ARTICLE
New York
Baltimore Markets: Flour Prices and Wheat Exports Slip
Market notes from Dallimore Md dated September 19 show flour and oats altered receipts with WIM exports and spot contracts for No 2 red Western and No 2 white wheat. Details include various bids, percentages, and altered freight terms across multiple grain classes and futures months.
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Dallimore
WIM
Aleadlor
Sacple
Ghain Freychts
Pancy Imaden
Tener Creamery
Sbis Taney
STEN
Tags
LIVE STOCK MARKETS: calves and cattle receipts and prices
Rumpled market brief notes cattle calves and hogs with receipts and prices. Calves see receipts around 335 and 400 plus dollars per head for various lots. Hogs receipts near 16 900 with high prices noted. Cattle demand weak for westerns and mixed bids across categories.
MENTIONED IN THIS ARTICLE
Contec
Millions to Change Hands Over Rail Financing Sequences
The text outlines a complex finance plan involving the Liconsole Railroad, Harriman road, and Pennsylvania Company notes. It describes large intercompany payments intended to settle maturing debts with Union Pacific, Pennsy notes, and Oregon Short Line collateral, aiming to secure funds for a November payoff and the conversion of bonds.
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Seecal
Waanington
New York
Liconsole
FonnsyWanie
Aecn
Farthnore
Harriman Road
Pennsylvani
Union Pac
Toans
Penzsylvania
Pennsyivania Company
Theennsylvania
Pennsylvania
Baltimore
Oregon
Gwilimora
Ohie
Union Pacific
Union Parcstar
Pennsystenia
Calumet Dividend Cut Sparks Reading of 10-A Reduction
Boston reports Calumet and Hecla Copper Mining Company declares a reduced quarterly dividend of 50 cents per share on 20 cent par stock, citing metal market conditions and conservative policy. Past payouts reached 37 dollars per share, with 164 million dollars in total dividends since formation.
MENTIONED IN THIS ARTICLE
Calynet and Herla
Gemernils
Ita
Wall Street
Amalgamated
Boston
Calumet and
Heela
Ovel Wall Street
Take
Boston Dept
Calumet and Heela Copper Mining Company
Dey
White
Twe
Calumet and Hecla
Metal Market Mixed in London and New York Trading
London tin eased amid a dull session with spot quoted around 67 1/4, while copper plunged earlier then steadied. Lead held near 4 1/2 amid weakness, zinc and iron showed minimal moves, and London prices for beer and other metals softened with weak demand across the board.
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New York
London
Apot Doe
Bat Wes Wook
Asa
Bond Sale a Success As Over 900 Bids Help Set Record
The 1949 gold bond issue drew more than 900 bids totaling 207,156,420 dollars. The top price reached 110. Special to The Washington Post from New York reports that the sale drew a crowd, with Morgan Syndicate and Abraham White and Samuel Beers among influential bidders. The Equitable Life Assurance Society and Kuhn, Loeb & Co. also won large awards, with bids varying across the sliding scale.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Comptroller
Elerkn
Comptroler 9
Ang
Metz
Lenuty
Ike
Peter
Alogetherere
Iir
Equitable Life Rancranre Society Imkel
Awad
Seliemen Siich
Kuhn Lorba& Comar
Tene Maten
UW Das Ge Co
Jesse Leeman
Ninth Avenue
JP Marines
Thayer Bros. & Co Failure Shakes Exchange Briefly
News from the New York Stock Exchange reports the failure of Thayer Bros. & Co. The firm founded in 1904 by Townsend Theser operated with members including Treedere B Sands and Morris F Browning. Officials deem the collapse not seriously harmful to prices.
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Flue
Thayer Bros. & Co
New York
New York Stock Exchange
Frm
Townsend Theser Ax
Exchange
Treedere B Sands
Morris F Browning
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