Upward Movement Invades Stock Market With Oils And Steels
New York February stock market opened quiet, then bucked higher on rumors mills may switch to oil. Crucible, Asphalt, and Steel led gains. Reading, American Sugar directors and steel groups drew attention amid planned segregations and potential dividends. Ford denies loan talks while crude and steel prices shift. market ends with cautious gains and 450000 shares traded.
MENTIONED IN THIS ARTICLE
A. L. A. Barnum i
New York
Crucible
Allan A. Ryan Continental Candy Company
Reading First
Supreme Court
Baltimore & Ohio
New York Central
Harriman
Hill-Morgan-Baker Northern Securities
American Sugar Directors
American Bosch Magneto
Atlantic Gulf
Springfield Tira
Lackawanna Steel
Ford
Henry Ford
Well Street
Wall Street
Detroit
West
Sinclair
House
Crucible Steel
Steel corporation unfilled orders eyed as stock market drains
New York Stock Exchange notes no urgent prompt delivery demand as steel mills run at 95 96 percent capacity while independents lag. Wall Street expects a sharp drop in unfilled orders after January 31 figures show a peak in mid 1820 and a steady decline through August to December.
MENTIONED IN THIS ARTICLE
Steel Corporation
Wall Street
Steal Corporation
Thees
Railroad Bonds Sold and McAdoo to Rebuild Mexico Railways
J P Morgan Co and Kuhn Loeb Co opened and closed subscription books for 10 million and 15 million respectively for 646 and 6 percent bonds, amid forecasts of railroad credit ruin. McAdoo, ex-treasury secretary, now heads reorganizing National Railways of Mexico, tasked with restoring over 8,000 miles of track and state-owned stock stakes after wartime damage and financial restructuring. Midvale cuts steel prices amid market overhang after top prices earlier.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Louisville and Nashville
Kuhn, Loeb & Co
Chicago and Northwestern
MccAdoo
Joh
W. G. McAdoo
Secretary of the Treasury
Mexico
McAdoo
National Railways of
Wall Street
Midvale
Ita
Curb Securities and Liberty Bonds Reported Prices
Financial notes list varied rates for bills, notes, and foreign currencies with exchanges and government bonds. Liberty Bonds in New York show mixed closes across multiple issues with prices ranging from 4.70 to 97.18 and maturities noted.
London Metals Market Report
London copper and tin prices shown with spot and futures in pounds. Values include copper at 72 2s spot and 72 124 Od futures, electrolytic copper at 78 spot and 80 futures, tin at 151 176n utures with 167 78 ad futures, and lead at 22 Gs spot with 24 17s futures.
MENTIONED IN THIS ARTICLE
London
Drop of Prices of Breadstuffs Predicted
Washington reports on February 3 indicates prices of breadstuffs in the United States, western Europe, and South America are expected to fall with the resumption of trade relations with Soviet Russia. Arthur Bullard of the State Department’s Russian bureau testified before the House Foreign Affairs Committee, stressing the desirability of opening trade channels.
MENTIONED IN THIS ARTICLE
Washington
United States
Europe
South America
Soviet Russia
Arthur Bullard
State Department
House Foreign Affairs Committee
Bullard
RALLIES IN COTTON MARKETS IN NEW YORK AND NEW ORLEANS
A February New York session reports rallies in cotton with May contracts rising to about 14.31 before closing around 14.14. Overnight declines from Liverpool cables faded as market absorbed early selling. gains were supported by improved grain and stock tones and Wall Street optimism on war reparations and domestic conditions.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Clare
American Lechange
American Cotton and Grain Exchange
Liverpool
Wall Street
Merkat
Lts
Manchester
Southern
Carolinas
United States
Spretat
Java
Judge Gray
United States Steel Corporation
Jaber Acd Ith
Oavis Brothers Co
Bullish Cotton Market Driven by Short Covering in New Orleans
New Orleans reports show higher prices as short covering and buying pressure lift the cotton market. March futures rise to around 13.60 with gains of 41 to 49 points, while spot demand on the day remains steady and export figures from England remain weak.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Uest
Texas
Oklahoma
England
Manchester
Bearn
Professional views on cotton situation in New Orleans markets
New Orleans reports market moved higher despite discouraging tables and unfavorable Manchester signals. Coverage notes professional views reacting to New York chatter, with analysts cautious over the holiday period and tentative gains amid mixed reports from Manchester.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Manchester
Baruch Plans Financing Corporation to Aid South Carolina Farmers
Bernard M. Baruch seeks a $2.5 million farmers financing corporation to extend short term loans backed by warehouse receipts, enabling South Carolina tobacco and cotton growers to pool products, store them, and stabilize prices while promoting broader cooperative marketing nationwide.
MENTIONED IN THIS ARTICLE
Baruch Plans Financing Corporation
South Carolina
Robert J. Bender
United
Neva
New York
Farmers’ Financing Corporation
Bernard M. Baruch
Baruch
Wall Street
War Industries Board
American Economy
Mats
Farmers' Financing Corporation
Baruch Plain
Kansas State ‘Board of Agriculture
Fresno Raisin Growers Association
Drug Fruit Growers' Exchange of
California
Kansas
Wyoming
Cotton Market Receipts and Stocks By City
Weathered OCR shows compile of cotton receipts, exports and stocks across U S ports and interior markets. Listings cover New Orleans Galveston Mobile Savannah Wilmington Texas City Boston Philadelphia New York and major inland centers like Houston Memphis St Louis Atlanta Little Rock Dallas Montgomery with middling prices and daily movements. Total weekly receipts 71109 and exports 41387, season totals 4247408 receipts 3117146 exports.
MENTIONED IN THIS ARTICLE
Fort Mavaiuear
New Orleans
Galveston
Anles
Savannah
Anler
Tock
Texas City
Boston
Ty Ab
New York
Tottany
Houston
Stocl
Memphis
Atlanta
Dota
Ata
Dallis
Montgomery
Liverpool Cotton Prices and Futures Quiet as Demand Weak
Liverpool market shows minor shifts with good middling at 0B and 81s, sales 3 000 bales including 2 700 American, receipts 26 600 including 19 200 American. Futures closed quiet with February 43, March 805, May 890, July 014, October 9.32, December 9.40. In New York cotton oil moved lower on liquidation and weak demand. crude oil 365, primes 745, March 772, May 620, July 808.
MENTIONED IN THIS ARTICLE
New York
Harifo
Norfolk and Western
Hide & Leather, Pt
Northern Pacific
Ta American Locomotive
American Tel. & Tech
Tag
Consctiaatea Gopper
BE Republie Iron Ont
Bay Royal Dutch
Rianne Coast
St. Louis
San Francisco
Atlantic
Gulf
Eaboard Air Line
Baltimore and
Ohio
Trans
Canadian Pacific
Bethlehem Steel
Sinclair Oil and Refinin
Ooh Central Leather
Stose
Sheffield Steel and Iron
Chandler Motora
Southern Railway
Chicago, Rock Island End
Pheibie
Chino Copper
Studebaker Corporation Eunessee Copper
Ory
Coca Colasone
Fexas Company Colorada
Texan
Tobacco Acta
United States
Hillness Central
United States Hubber
Inspiration Copper
United States Steel
Merchant ‘S Faring, Ptd
International Nickel
Vanadium Corp
Utah Copper
Virginia
Orate Gheniicat
Western Union
Loulaville
Tillville
Westinghouse Electric
Sue
Mexican Petroleum
Pig Willys-Overland
Middle States
Miami
Midvale Steel
Jay
Invincible Gl
Miasouri Pacific
C. S
U. R
Ites
Panama
Aftlantic Coast Line
Baltimore and Ohio
Atlanta
Centra
of Georgia
Amy Central Leather Sa
Chesapeake and Ohio
Ae Cotton Seed Products
Chicago
Mil. & Bt
B. & Quin Oing
J. & Pac
Bnaia
Bdalex
City of Paris
Colorado & Son
Denver & Rio Grande
Dmnola Cenéral
Marios Kausna City
Southern
Lomna
Liggett & Myers Ss
Louisville
Nashville
Missouri
Kaw
Texas Isles
Atlanta & Wi
Point R Id
Texas
Union Pacific
United Kingdom
G. Augusta
Jay i
Ofc
Atten Nas Az
Becnrittes Sales Co
Trust Co. of
Central B
BR & Banking
Dry Goods Market Quiet as Cotton and Wool Prices Move
New York market reports hint at steadier print cloths while 28 inch goods hold at 7.75 percent guidance. Yarns show dull activity and wool knit underwear lines open around three quarters above prewar levels, seen as very low for trade conditions.
MENTIONED IN THIS ARTICLE
New York
Honda
Naval Stores. Savannah Co February 9 Entries
Fragmentary naval stores notes from Savannah about shipments and receipts. Mentions quantities such as 67 and 48, with references to Roaln jales, 20 cales, and a 3 percent rate. There is a line about Swift & Co of Chicago with a February 0 date.
MENTIONED IN THIS ARTICLE
Savannah, Co
Sebruary
Peter Poridas
Kriebel & CO
Solagalle St
Chicago
Live Stock Market Report From Chicago Chicago Market Slows
We feature cattle and hog prices with mixed results as buyers show weakness. Cattle receipts about 19 thousand with top steers around mid teens, calves steady near 10 to 11 dollars, and cows and bulls fluctuating. Hog prices ease with lighter weights 8 to 9 dollars, and lambs around 4 and up to 6 dollars in thin trade.
MENTIONED IN THIS ARTICLE
Chicago
Foorna
Secale
Soneralig Ateny
Bal Sven
Atockers
Ian Bh
Prings
Teno
Veo
Also Mentioned on This Page
Henry
NEW York Stock Exchange
South Atlantic Casket Company
Hodges & Company Bonds, Stocks and Securities Division
Savannah, Ga
Peters
James W. English
MO. K. Ottley
Atlanta Savings Bank
Mome
Geo. L. Ward
Investment Department
Fourth National Bank
Curb Securities
Money Market
Benks
France
Ure, Deman
Cabies
Greece
Argentin
Montreal
Liberty Bonds
Sletory As
Victory
Imbrie & Co. L
Stock Exchange
Tide & Leather
Vom
News Oy
Teo
Ship. & Com
Steel Foundry
Co Beth
Iniereeeni Sieel
Pierce-Arrow
Steel One
Sage
Tex. & Pacific
Cort
United Beta
Bey
Western Md
White Motor
Sane
Worthington
Ellis
Jam Hase
Anglo Am
Bly Bly HG &N
Equip
Penn
Hac. Fralt
Ivania
Weat
Tel
Industriais
Cinecron Anglo Amn
Inter
Merrite
Ay Hsorth Amn
Uae
Salt Creek
Somme
Aluled Packers Ds
Aluled Packers Ds . Ag
Amn
London Metals
NEW York Bonds
York
Heeelpin Sahstock
Feas
House of the Railroad
Sagairy
Cottom
America
Alles
Turkey
India
Mannchester
Mempua
Arkansia
Mississippi Valley
South Texas
Epot
H &B. Beer
Hubbard Brothers & CO
Naval Stores
Swift & Co
Heivasey
Deliv
Medina
Packer Sone
Puesta
Paeth Machnights.co
Spaete Ma St
ALL
Rose
Rose & Company
Broad Street
Exchange Place
Henry L. Doherty & Company
Hart Building
Ivy
Atlanta, GA
Imbrie & Co
Noves
Peachtree Street
Freier Tier
Trines
Cicago
Orleans
Excheses
Aare Cotton Association
Gravier
Barenne Bt, A
Kingdom of
Denmark
Peachtree
Victory Rubber Mfg. Co
W. Ellis
Candler