Latest Bank Statements Signal Further Economic Improvement
New York reports show continued improvement in the financial situation with liquidation progressing in slow zones. Easier money may return soon, though large domestic and foreign financing looms over the market. First seven months 1921 funding estimates reach about 700 million dollars weekly average, with city borrowing expectations around 200 million. Crude oil prices tumble with Pennsylvania grade down 50 cents per barrel and other eastern grades down 15 to 25. American Woolen's upcoming annual may reveal large inventory losses and dividend uncertainty. Atlantic Gulf stock sinks to new low as minority holders reportedly form a protective committee. The Atlantic Gulf and West Indies president cites six tankers in service and progress on Mexican subsidies and tanker construction financing. Steel trading remains weak with limited buying and curtailment in some mills. Senate lenders eye an early railroad relief vote, but filibuster risk exists. A stock exchange house failure is noted but deemed not impactful.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York City
Pennsylvania
American Woolen Company
American Woolen
Amercan Woolen
Atlantic Gulf
Atlantic Gulf and West Indies
Atlantic Gulf Oil Corporation
Youngstown
United States Steel Corporation
Washington
Senate
Stock Exchange
Brazilian Financiers May Look to England For Next Big Loan
Rio de Janeiro February 21. Rumors spread in financial circles that Brazilian financiers will seek the next loan from England signaling a shift away from the United States. Dispatches in New York papers note a British predominance returning in South American finance and commerce as Sao Paulo headlines echo the change.
MENTIONED IN THIS ARTICLE
Rio de Janeiro
England
America
New York
Sao Paulo
Anolre
Brazil
San Paulo
Free booklet on more than 200 widely used financial terms
A free booklet explains over 200 terms used by brokers bankers and financial reporters. Requesting readers can obtain this concise guide to improve understanding of common financial language.
Brazilians Rejected New York Loan Pitch Amid Demands
The article notes that Brazilian negotiators tried to float a loan in New York but faced sharp demands and humiliating conditions from American bankers, leading to rejection of the proposition and souring the financial talks.
MENTIONED IN THIS ARTICLE
New York
International Fur Exchange Bidding Opens in Spirited Auction
In St. Louis on February 21 bidders from around the world attended the winter auction of the International Fur Exchange. Prices fell sharply from the Jovel mark as 10,121 Alaskan seal skins were offered to the U S government, with a drop near 45 percent bringing values toward prewar levels. Pelts averaged about 45 dollars each, with the Jet top prices in the downward range. Secretary of Commerce Alexander and Fisheries Commissioner H M Smith represented the government.
MENTIONED IN THIS ARTICLE
St. Louis
International Fur Exchange
United States
Alexander
Fisheries
H. M. Smith
Chicago Livestock Prices on February Market Report
Receipts and price movements across cattle hogs and sheep show steady to higher tones for steers and heifers, with cows mostly steady to a shade higher. Hog demand softens with lighter weights down to 2.10, while lambs and yearlings hold strong, with top lambs around 9.50 to 9.75 and bulk heavies near 8.00.
MENTIONED IN THIS ARTICLE
Chicago
Cattie
Bert Steara
Pecely Pierally Boc
St. Lours
Stocks Falter As Market Reactions Deepen In Week
Impairment of values in the stock market resumed in an aggressive session in New York on February 21. The Atlantic Gulf and West Indies led declines with a 20 point drop for the week as calls money fell, while oil stocks benefited from lower money rates. Other weak names included United Fruit, Mercantile Marine preferred, Mexican Petroleum, Royal Dutch, General Asphalt, American Woolen, International Paper, Ajax Rubber, United States Rubber, Sumatra Tobacco, Utah Copper and Studebaker._total trading reached about 600000 shares with overall heavy tone across bonds and currencies.
MENTIONED IN THIS ARTICLE
N.Y
Hartford
Noar Western
Pac American International Car
Oklahoma
American Lit American
Secomotive Bay
Pan-American Petroleum
Pennsylvania
AQ Ag
American American Smelting
Pittsburg
Uli
Republic Iron and Steel
Atchson Severire
Royal Dutch
New York
Seaboard Air Line
Prd
Baltimore and Ohio A
Sheila Crang
Canadian Pacific
Bethlehem Steel
Bay Soclair Ol and Refining
Central Leather
Shoss-Blieffield Steel
Chandler Motors
Southern Pacific
Tennessee Studebaker Corporation Ae
Coca -Col
Colorado Focl and Iron
Texas Company
Texas and Pacific
Fee
Crucible Steel
Haig
Union Pacific
General Hhredtle
United Fruit
General Motora
U. S. Food Products Ae
Great Northern
Ascot
Gulf States Steel
U. S
Bay
Ao Ilinois Central
Nessa Ms
United States Rubber
Inspiration Copper
Say
United States Steel
Now International Nick
Vane
International Paper
Atlantic
Gulf and West Indies
Mercantile Marine Preferred
Mexican Petroleum
General Asphalt
American Woolen
Ajax Rubber
Sumatra Tobacco
Utah Copper
Studebaker
Federal Reserve Board
Mearcan
Liberty
Curbs Securities and Market Quotation Summary
Partial and garbled market notes from New Orleans and Jacksonvilie outline rough rice and turpentine receipts, South Carolina stock, and various price quotes. The report mentions Water white turpentine at 11.80 and spot cotton market activity in New York with rates on bills, exchanges, and foreign currencies.
MENTIONED IN THIS ARTICLE
Ehraanal
Hosin
Grain Prices Edge Up Amid Tight Wheat Supplies
Chicago and New York markets show an upward tilt as wheat led gains on tighter visible supplies at 40 percent of normal. March wheat at 1.72 and May 1.615 to 1.62. corn up 3-4 to 7-8, oats 1-4, provisions firm. Cash wheat and mixed quotes noted. sugar futures uneven in late trading amid Cuba selling plan discussions.
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Chicago
New York
Cuba
Dubai
H. & B. Beer
Orleans Cotton Exchange
New York Cotton Exchange
Btock Exchange
Bees York Produce Edge
New York Coffee and Sugar Exchange
Ing
Cago Board of Trade
Chi Assocrats
Liverpool Cotton Association
Gravier Bt
Baronno &T
Orleans
Admitted to Federal Reserve System Bell Buckle Tenn
Joseph A. McCord, chairman of the board of the Federal Reserve Bank of Atlanta, announced that the People's Bank and Trust Company in Bell Buckle, Tennessee, has been admitted to membership in the Federal Reserve System. The notice appears amid miscellaneous financial references and dated February.
MENTIONED IN THIS ARTICLE
Tennessee Bank
Joseph A. McCord
Federal Reserve Bank of Atlanta
People's Bank and Trust Company
Bell Buckle, Tenn
Federal Reserve System
Unsettled Cotton Markets Amid Holiday Liquidation
The New York cotton market opened unsettled with March liquidation and broad switching between months. May slid to 13.43 while March fell to 12.80, a new low for the season, as reports from domestic textile trade and heavy random deliveries weighed on prices. Port receipts and exports remained robust. market tone reflected uncertainty ahead of March notice day and potential further curtailment unless demand strengthens.
MENTIONED IN THIS ARTICLE
New York
Genereral
New Orleans
Cot spots steady and quiet at 13.20 in New York
New York spot cotton quotes drifted quietly to 13.20 cents on February 21, with activity described as middling and steady across the market. The brief regional report notes no major price change or extreme movement for that trading day.
MENTIONED IN THIS ARTICLE
New York
Market Takes Slide After Early Advance In Cotton
New Orleans Feb 21 Heavy buying by spot interests especially for July lifted cotton briefly before a loss of support. By session end prices were 2 points higher to 10 points lower than last week's close. March rose to 12.95 and July to 13.66 as near months dipped on first call. Ocean freight rates fell 10 cents per cwt to 60 cents, though buyers questioned the export room. New Orleans spot cotton steady with sales 508 bales. receipts 4,728. stock 412,004.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Manchester
New Orleana
Professional views on cotton market steady before holiday
The market was quiet ahead of the Washington birthday holiday with March position quotes widening. Traders expect notice days on March to relieve near-term pressure and anticipate price improvements after those adjustments. Hubbard Bros. & Co. report from New Orleans notes steady sentiment amid awaiting developments.
MENTIONED IN THIS ARTICLE
New York
Washington
Hubbard Bros. & CO
New Orleans
Cotton Movement Report From Port Cities
A historic cotton movement round up shows middling prices in New Orleans Galveston Mobile and Charleston with receipts totals shipments and stock levels across major markets. The report lists daily and weekly totals for receipts exports and stock including New York Philadelphia Norfolk interior ports and southern cities with figures for sales and shipments.
MENTIONED IN THIS ARTICLE
New Orleana
Galveston
Mobile
Sevannehy
Charlesten
Norfolk
Peter Receipta
Boston
Philadelphia
New York
Houston
Memphis
Liverpool Cotton Prices and Futures Summary
Liverpool market notes February 21 show steadier prices across grades with Good Middling at 5.08 and Middling 6.08, lower grades quoted. Sales include 5,000 bales with 4,000 American cotton. futures closed barely higher with February at 8.30 and March at 8.35, other months listed up to October 8.80.
MENTIONED IN THIS ARTICLE
Liverpool
Bates
Eatly
Opportunity for financial executives at new Atlanta bank
Large banking institution in the East opens a branch in Atlanta and seeks men of ability with financial securities experience. Offers liberal commission and future leadership potential to manage other offices. Apply to D-109 Constitution.
MENTIONED IN THIS ARTICLE
Atlanta
Liberal Commission
Constitution
North Dakota Bank to Open Fifty Three Branches
The Bank of North Dakota a state owned and operated lender has begun private and public deposit intake as preparations to open fifty three branches across fifty three counties in North Dakota with Bismarck as the center of operations.
MENTIONED IN THIS ARTICLE
North Dakota State Bank
Bismarck
N. D
Bank of North Dakota
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