Evening star., 1933-03-16
COMMODITIES RISE
WITH STOCK LIST
Substantial Gains in Wheat,
Corn, Cotton and Rye
Are Recorded.
BY the Associated Press.

By the Associated Press.
NEW YORK. March 16-The big
forward push in security markets
spread to the country's leading COM
modify exchanges today, adding huge
sums to the quoted value of stocks
bonds, wheat corn. rye, cotton and
other prosperity" measuring sticks.
While shares on the New York Stock
Exchange were extending yesterdays
sensational gains by 81 to more than
So the grain pit at Chicago was wit
Messing a widely bullish opening. Ex-
treme advances were restricted by
special regulation, but wheat jumped
the limit of cents a bushel and corn,
up cents, gained all that was allow
able.
Ticker Trails Behind Market.
New York cotton prices SCARED $3.50
to nearly IS a bale, later meeting some
profit-taking sales which reduced this
range.
Trading In stocks here was so
tumultuous that quotation
facilities were swamped and the ticker
fell as much as eight minutes behind
actual transactions on the floor. The
market boiled up at the opening. sub
sided a bit under realizing and then
returned close to the higher levels.
United States Government bonds
were again sharply higher, some of the
treasures showing net gains Of point
or two we'll before noon. Domestic
corporation loans felt the push of op-
timism; many issues rose in the neigh
borhood of $40 per 81 900 obligations.
Excitement in Wall Street ran high.
Brokerage house customers rooms were
filled with tape watchers and many re-
ported large volume of overnight buy
ing orders, especially for odd lots" of
shares.
Early activity in stocks well exceeded
Wednesdays turnover and the first
half hour saw strings of transfers in
volving single blocks Of 1000 to 5000
shares There was obviously much
when scores of favorites jumped 50 to
SIG. but offerings were quickly
Profit-taking in the beer" issues
made for some unsettlement In that
group, and speculative interest tended
to shift to old line industrials. United
States Steel climbed about $3.50 to
$3.50, Westinghouse rose 81 go to $28 81
General Electric 81 to nearly SIG
American Tobacco "B" S225 to s64.
]. I. Case, stimulated by grain prices,
jumped So to. $50.50.
Other Grains.
American Telephone rallied approx
imately 81 to around $l06. while Ma
tional Biscuit, at SAL, was up SIPS
Several rails also strengthened. New
York Centrals gain was 81 to price
of $20.87, Delaware & Hudson's 50 to
$50 and Santa Fes rs cents to $4675
Union Pacific sold slightly lower, while
Norfolk & Western, which closed sic
higher yesterday. dropped $4.12 to
$125.87 on a single sale of 100 shares
Heavy deposits of money in the New
York City banks this week are being
reflected In the return of currency to
the local Federal Reserve Bank which
reported that the net inflow yesterday
approximated $55,000, 900, bringing the
total for the first three days Of this
week to about $152,0OO,0 900. Gold con-
TIMES to be received at the Federal
bank in substantial sums; yesterdays
returns amounting to $24,000,000.
Just before noon 1t was announced
that New York Stock Exchange men,
bership had sold at $105, 900. up $4,000
from the price paid for two seats
yesterday.
The following table shows / pm
prices of several prominent stocks, to-
gether with the net change from yes
| terday'S close.