Oil Price Reductions Push Markets Down Across Nation
Aggressive short selling opened trading as Mexican Petroleum and Northern Pacific fell sharply. Oil and sugar shares slipped, then a second drop followed. Tidewater Oil plans a 10 percent wage cut at its Bayonne plant on February 15. Sugar prices tumble from 2614 cents in 1920. U S banking and war finance actions shape the money market with large loans and federal support under discussion.
MENTIONED IN THIS ARTICLE
New York
Mexican Petroleum
Northern Pacific
Tidewater Oil Company
Bayonne
N. J
Arbuckle
Federal
Revere
Warmer
Pennsylvania
Wall Street
England
Chile
Treasury
American Bankers’ Association
Congress
War Finance Corporation
Foreign Trade Financing Corporation
Red Cross
Busimasa
Harvard University Committee On Economic Research
Dunlop Rubber
William
Ripley
Washington Dispatches State
Interstate Commerce Commission
Chicago
Buffalo
Rochester
Pittsburg
Norfolk and Western
Advertising value stressed by experts in Atlanta
Charles Hoyt and James O Shaughnessy, New York ad men, spoke at the Atlanta Ad Men's club luncheon and a Capital City club dinner. They predicted 1921 will reward the industry and Atlanta as a major advertising market. Hoyt urged less war-time production focus and more selling copy while praising government paid advertising via the Advertising Agencies Corporation. O Shaughnessy highlighted the shipping board program as pivotal for national advertising support.
MENTIONED IN THIS ARTICLE
Charles Ho3t
James O'Shaughnessy
New York
Fuesto
Atlanta
Capital City
EH. Dallia
St. Elmo
Copley Square
Boston
Hev
United States
Advertising Agencies Corporation
Hag
O'Shauknessy
Ex-Governor Urges U S Ownership of Lower California
L. D. Hanna former North Dakota governor proposes U S purchase of Lower California citing Gadsden border terms and argues the peninsula could be acquired for a renewable sum. He says ownership would boost national prosperity and merchant marine, urging an advertising campaign and broad public support.
MENTIONED IN THIS ARTICLE
San Diego
Cal
Lower
California
L. D. Hanna
North Dakota
Gadsden
Dakota
United States
Californian Peninsula
Sluggish Stock Market Drift As Credit Tightens
New York February 3 The stock market remained lackluster influenced by prior factors with few active buyers. Call money opened at 8 percent rising to 9 percent as reserves moved from interior banks and earnings reports offered little encouragement. Total sales reached 12.46 million dollars par with heavy trading in a small group of shares including General Asphalt Mexican Petroleum Atlantic Gulf Northern Pacific and Texas Pacific.
MENTIONED IN THIS ARTICLE
Stoors
Clowes
New York Central
Se Ami Feat Canoe
HE & Har
American Car and Foundry
Norfolk and Western
Ab Amer
Orthioma
Pan-American Petroleum
Aga
Pennsylvania
Pittabneg & W
Oe Amer
Sumatra Tobacco
Ray Consolidated Copper
American Tel. & Tel
Wewsetees
Es Bos
Ansconda Copper
Bae
M & Eel
Atchivon
Sim Reval Dutch
Seaboard Air
Baltimore and Ohio
Shell Trane
Bethlehem Steel
Binclair Oi
Tertius
Canadian Pacific
Steel Iron
Central Leather
Bag Southern Pacifla
Chandler Motors
Southern Railway
Southern
Chicago
MO & St
Studebaker Corporation
Tennessee Copper
Colorado
Texas Company
United Fruit
General Electric
General Motors
U. & Ind
Gulf States
United States
Mer Marine
Vanadiane Corp
International Paper Wees
Roy Virginiac
Caroline “Chem
Io Sty
Kennecott Copper
Western Union
Natal
Westinghouse Electric
Etroleum
Willys Overland
General Raphalt
Middle States
Invincible
Midvale
Steet
Missouri Pacific Af
New York
Moncey
Middle West
General Asphalt
Mexican Petroleum
Atlantic Gulf
Northern Pacific
Texas Pacific
Crucible Steel
Popular Oils
Philadelphia Federal Reserve Bank
Chile
No Freight Increase to Latin America Questioned
Washington reports Chairman Benson of the Shipping Board sees no immediate rise in freight to Latin American nations. He noted ample tonnage now serving Latin routes, aided by a generally weak U.S. business mood and high freight rates. The committee, part of the Pan American framework, also urged press rates and wireless projects to bolster trade.
MENTIONED IN THIS ARTICLE
Washington
Benson
The
Shipping Board
Committee On Transportation and Communication
South America
Admiral Benson
United States
Fletcher
Florida
Radio and Cable Communications Committee
Congress
Navy Department
Africa
Bullard
Naval Communications
PanAmerican” Railway
T. Powell
Xrie ~Rpailroad
Railroad Transportation Subcommittee
Steamship -Hall
Townsend
Michigan
Madrid
Secretary of Commerce
Live Stock Market Notes From Chicago Slides and Prices
Cattle receipts and prices show beef stocks strong to uneven, with top around 8.00 and bulk near 7.16 to 6.30, cows steady to weak, veal calves mostly 50 cents lower, hogs open higher and close strong with top near 10.40, sheep and lambs quiet with bulk around 3.50 to 3.80, business mixed as markets sag and rise. mentions Swift & Co Chicago report, and a note on federal reserve membership and a trivia on the US quart vs English quart.
MENTIONED IN THIS ARTICLE
U Do
Panama
Hbunama Ja
American Smelting & Rf
American Tel, & Tel. Co
Atchigangen
Atlantic Coast Line
Baltimore & Ohiev
Kethenhem Steel
Consol
Baty Contr Leathe Ib
Chesapeake & Kin Ev
Chicago
B. & Aes
St. P
R. TL
Paciflc Ry
Paris
Colorado & Southern
Denver
Rio Grande Connol
Dominion of
Reading
Uw Republic Iron & Steel
St Louis & Sav Fronadj Ts O'S BS
Seaboard
Alr Ling Sd
Southern Bell Tel
Southern Pucifle
Southern Tabway
Southern Railway
Texas & Pacific Ist
Union Pacific
United Kingdom
G. Pak If
Nipginia-Chreting Chemical
Wabaiat
Witcon & Co. Co
Bose
Imbrie & Co
Fotos
Chile
Col. Graph. Com
Bodicatt-Jahnson
Goodrich Tub
Tixas & Pueble
United Beta Bly
Western Mid
Alg Wilson Worth
Anglo Am
Equin
Begum Os
Hudson
Tap. Gov
Serlen
Pennsylvania
Sadad
Sinclair Ts
Prinds
Nanty Carling ‘Wethers
Bearish factors follow wheat in Chicago market
Chicago trading on February 3 shows wheat prices slipping as May deliveries hit the season low and March and May futures fall. Corn and oats retreat with minor gains in provisions as selling pressure, liquidation by eastern interests, and rural selling in Illinois press prices downward. Cash wheat quoted at No. 2 red around 1.78, oats around 0.38 to 0.40, and lard near 12.56 with ribs at 11.50 to 12.00.
MENTIONED IN THIS ARTICLE
Chicago
Illinois
New York
Harley
Bog
Timothy
York
Ill-Fated Victoria Struggles On Florida Cruise
President-elect Harding travels aboard the houseboat Victoria along the Florida coast when it bogs in a mudbank near Palm Beach. After hours of delay the vessel anchors ten miles below Palm Beach and nears St. Augustine by land travel, with Harding likely disembarking by rail. The vessel rammed into mud near Pompano and needed Sea Robin to free it, delaying further plans.
MENTIONED IN THIS ARTICLE
Palm Beach
Fla
Victoria
Harding
Florida
St. Augustine
Indian River
Pompano
Palm Be
J. Leonard Replogle
Nows
Hera
Wilk
Canal Tolls in January Record Breaks
Washington February 8 The canal tolls in January totaled 1 095 864 dollars, surpassing the prior record by 86 060 dollars. The War Department released the figures today from Governor Hare ing. Vessels passing through the canal during the month numbered are noted in the report.
MENTIONED IN THIS ARTICLE
Washington
Fanama Canal
War Department
Hareing
Cotton Market Dives as Prices Hit New Low in February
The American Cotton and Grain Exchange showed nervous, unsettled trading with March futures down sharply to around 13.16 after a weak open and broad liquidation. Reports from Liverpool and the eastern belt pointed to lower mill production and tighter credit, with spot demand lagging. July and October contracts also fell, while New York spots paused near recent lows and port stocks remained substantial.
MENTIONED IN THIS ARTICLE
American Exchange
New York
Aupericas Cotton and Grain Exchange
Liverpool
Lancashire
United States
New Orleans
Mpinnerg
Milla
Manchester
Toda
Yas Equida
St Ibs
Africa
Hengland
South Atlantic
Liverton
HK & TI Beer
Depressions Hit Cotton Market in New Orleans Trade
In New Orleans Feb 8 the cotton market declined with little support from shorts and no reactions beyond a few points. March fell to 12.84 bid, spot prices eased to 13.25 middling as bank worries and Manchester shutdowns weighed on sentiment. Local spot market quiet, low middling 13.25, receipts 2,777, stock 433,568.
MENTIONED IN THIS ARTICLE
New
Orleans
Manchester
Liverpool
Bank of England
New Orleans
Professional views on cotton situation
New York report cites Liverpool cable advices as the main update on cotton markets. Analysts weigh supply concerns, demand forecasts, and currency effects shaping prices and trading sentiment amid ongoing global trade tensions.
MENTIONED IN THIS ARTICLE
New York
Ene
LiverpoOl
Two Thirds Opera Guaranty Raised From War Fund List
Fragmented OCR lists names and sums tied to a wartime guaranty chapter. Various individuals and companies contribute amounts from 50 to 700 dollars, with notes about misread labels and the remark that a letter used for company names is often confused with the letter E. The section ends noting wartime caution in letter usage by the war department.
MENTIONED IN THIS ARTICLE
War Department
Cotton Market Report with Receipts and Prices Across Ports
Cotton market summary from New Orleans to Liverpool shows middling prices in multiple ports, with receipts and stock figures for New Orleans Galveston and others. Weekly totals report receipts 124,400 and exports 170,046, while interior movement notes varied middling prices and stock levels across Houston Memphis Augusta and Atlanta.
MENTIONED IN THIS ARTICLE
Eure Anuyoum
New Orleans
Galveston
Pan
Bok
Mobiles
Ravennah
Charleston
Wilmington
Texas City
Ajcet
Norfolk
Fhadelauia
York
Dry Goods Market Turbulence Hits New York Mills
February reports show breakneck cotton supply affecting print cloth and sales. Mills prepared for February to April deliveries as prices eased for yarns and raw fiber. Silk goods remained in demand for modern wear as retailers shifted stocks.
MENTIONED IN THIS ARTICLE
New York
Silka
Cotton Seed Oil Declines Amid Outside Pressure
New York trading shows further weakness as outside longs liquidate, locals push prices down due to cheaper crude, weak trade inquiries, and softer commodity markets. Near-months close 19 to 20 points lower, forward positions 1 to 10 points lower. sales around 22.00 per barrel. Prices cited for prime crude, Naples, Naples.
MENTIONED IN THIS ARTICLE
New York
Montha
Naples
Governor asks probe of Texas prisons by citizen committee
Texas Governor Neff asked the legislature to form an informational committee of three to five intelligent honest courageous Texans not in public office to investigate the state penitentiary system. He noted reports of brutality and mistreatment and urged verification of the charges.
MENTIONED IN THIS ARTICLE
Austin
Texas
Neff
House of Representaion
Anglo American railway build outpaced muleage by 1850
The text notes that railway construction in England kept pace with that in America up to around 1850, highlighting similarities in development tempo and the influence of muleage on early track laying and project progress.
MENTIONED IN THIS ARTICLE
England
America
Also Mentioned on This Page
U. S
R. L. Barnum
South
Hoyt
Thia
Tvere
Mr. Dallis
Mr. Massengale
N. L. Angier
Burton Wyatt
M.A. Thompson
Buford Goodwin
C. E. Miller
John S. Cohen
G. D. Atkinson
Clark Howell
Clark Howel
Fr. Louis D. Hicks
NEW York Stock. Exchange
Latin: America
NEW York Bonds
Curb Securities
Carlight
Olle
Tbi Basin
Wey
Tederat
Glenrock
Liberty Bonde
Swift & Co
Kebramry
Joseph A. McCond
Teani, Federsl Reserve Bank of Atlanta
Bank of Silen, Millen, Ge
Feserve Spelen
St. Louis
Party
Naval
Hubbard Bros
Rosin
Golet
B.D
FG. I LK
Jacksonville
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Rovin
Gaythern
Wy. Jay & Co
Gorton
Atlantic States
Oavis Brothers & CO
New Yore
Corroen
Fopen
Argat New Etone
den Mar
Bell Aa
Corton
Fonentargn
Row
Core
Sion
Opera Guaranty
Bammond
Charles A. Sisson
Betty B. Tompkins
Charles C. McGehee
W. B. Heath
W. White
Dowald A. Cohen
Wecifars
Mrs
Hugh Richard
A. BR. Blanchard
DB. Jae Eel
J. L. deGive
Southern Socompany
E. H
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Joseph Ya
Galarat
B.D. Hewitt
Weary F
F. J. Eax
Ea Stokes
A. “Rotman
Edgar ‘Dunlap
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Shellcott
Robert G. Alston
James Smith
Winn
Ir. C. W. Strick
Arthur He
Lewis & Coites
Fethelman
Bruno
I. Johnson
Wessel
Flouston
Menphin
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Ae Tovia
Ender
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CIA
Meditation
J. B. Withers Cigar Go
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Marietta St
Orton
Stoore
York Breck
Chiesgo Board of ‘Trade
Cotton Association
Brangr
Gravier Bt
Baronre Bt
Gotton
Per Bala
Jim Ebiins
Newtg Bbliz
Broad ST
American Cotton & G Exchange
American C %& G Clearing Asst
Georgia
Jim Eblin
Peachtree Arcade
Lan
Miss & Ferguson Jennfers
Gotan
NQL
V. M. Womack
C.P.A
J. A. Harper
Gansley
CPA
Womack
Harper& Bansley Certified Public Accountants