First Landing Reached In Trade Stabilization
New York in January marks what analysts call the first landing in a long process of readjustment after wartime inflation. Interviews with Harvard and Princeton economists, Federal Reserve figures, and business leaders like Kemmerer, Taussig, Friday, Miller, Topping, Johnson, and Alexander forecast a gradual stabilization, possible spring revival, and brighter prospects, though not a sharp boom.
MENTIONED IN THIS ARTICLE
New York
Finanial
Httle
E. W. Taussig
Harvard
E. W. Kemmerer
Princeton University
Professor Kemmerer
David Friday
University of Michigan
Wall Street
A. C. Miller
Federal Reserve Board
Washington
Miller
Baldwin Locomotive Works
Topping
Weekly Market Reviews New York Stock News and Outlook
A lively first week of January in New York markets with higher prices and strong bond demand. Forecasters cautious on money rates, noting labor, wage drops and possible industrial curtailments. Bankers urge thrift while international credits strain persists amid recent European bank failures and planned cross border undertakings. In dry goods and textiles trade, demand rises for finished cotton goods and ginghams with broad price revisions anticipated. In metals, steel demand steadies as orders rebound and copper leads a steadier tone amid London rate moves and foreign exchange shifts.
MENTIONED IN THIS ARTICLE
New York
Financial District
Harding
Federal Reserve Board
England
Spain
Mexico
Gow
Lkely
American Printing Company
Amoskeag Company
Othrr
Metal Review
Steol Corporation
Steel Corporation
London
Concessiona
Revision in prices of overalls is made
New York January 8 overall denim prices revised today by a major manufacturer to 17 cents for 2.20 indigos. Wholesale sellers may sell at 1.50 instead of 4.50 and upward, a drop over 50 percent from the government wartime price. The move follows last year’s peak open market rates and antiguated quotations.
MENTIONED IN THIS ARTICLE
New York
Agenta
Clearing houses show reserve decrease in New York
New York January 8 The statement of condition of clearing houses banks and trust companies for the week shows total reserves 9 131 30 in excess of legal requirements a decline of 1 913 250 from last week the result of heavy withdrawals and reduced deposits.
MENTIONED IN THIS ARTICLE
New York
Sctu
Reusa
Wael
Ah Ee
Turpentine Trade Note From Kavannai Harbor
Fragmentary naval stores note mentions January activity, turpentine terms, a boat ration and wharf figures, with scattered figures referencing ships and prices. The readable items point to a quiet market with no sales and several distorted names and places.
Market Drops Hit Shipping and Steel Stocks Early
New York trading opened with mild strength driven by Governor Harding’s remarks but soon weakened as shipping, steel, and oil issues sagged. Atlantic Gulf, Crucible Steel, and Mexican Petroleum led declines of 2 to 6 points, dragging down the broader list.
MENTIONED IN THIS ARTICLE
Bates
Mistouri Pacific
New York Central
WB & American
LIS Wohlk Und Werstern
Amer
Hide
Northern Pacific
American Petroleum Avataneraee O
Oy Roy
Aby Atchison
Anaconda
Bay Rey Mor
Bae Te
Atlantis Coast Tower
Wees Aye Tan Royal Dutch
Naw York
Gulf & West Indies
Seaboard Air Line
Sonia and Son Fr
Dwin Eormotive
Baltimore and Ohio
Dethlehem Steel
Binelatr
Indian Pacific
Wilis Loseld Steel and
Zain
Bey
Southern Pacific
Chandler Motors
Brottom
Chesapeake
Mil & St. Pr
Chicago
R. I, & Pacific
China
Tennesse Stuitebsker Corporation
Coca-Lor
Colorado Fuel and Iron
Texas and Pacific
Crucible Steel
Union Pacific
General Electric
United Fruit
General Motors
Ae Bt Wai
BBIE
Great Northern
A . Industrial Alcoto
Gulf States
United States’ Steel
OT Bay Bay
United States Steel
Prd
Sepenney
International Nickel
Vanadium Corp
Ernes
International Paper
Jenn Wee Oe
Virginia-Carolina
Ghernieat
Louisville
Nashville
Western Union
Westinghouse
Miaral Saan
Invincible
Midvale Steel
New York
Harding
Federal Reserve Board
Steeles and Oils
Atlantic Gulf
Mexigen Petroleum
Shipping Board
Clearing House
Aglda
United States
CurB Securities London Money Notes
London money market reports quotes curbs, boreilver at 4075 W Money, discount figures, short bills at 4 percent, three month bills at 4 percent. Swift Co. Chicago notes closed at 105 percent in January trading.
MENTIONED IN THIS ARTICLE
London
Boreilver
Swift & Co
Chicago
Wheat advances on moderate demand in Chicago market
Wheat firmed after a weak start as moderate buying absorbed exports hedges. Prices rose 11 4 to 21 4 cents from the prior close with March at 1.73 3 4 to 1.74 and May around 1.66 6 to 1.61 2. Oats and provisions moved lower or mixed while coarse grains held steadier.
MENTIONED IN THIS ARTICLE
Chicago
British Commission
Germany
Italy
Scandinavia
Greece
Spain
Minneapolis
Baltimore
Good Business Outlook Is Big Help to Cotton
New Orleans January 8 Holiday in cotton market noted a steadier tone as buyers and sellers anticipated improved demand. Prices edged higher on several grades with active trading in futures and cash markets.
Cotton market soars as futures rise on demand
New York reports a sharp advance in cotton futures led by March at 15.65, up 45 points from Friday close, with overall market steady and futures like January and May climbing despite early hedge selling. Traders cite optimism on business prospects, Fed signals, and a New Orleans Edge Jaw opening, plus rising print cloth sales and domestic mill activity.
MENTIONED IN THIS ARTICLE
New York
Harding
Federal Reserve Board
Southern Edge Jaw Corporation
New Orleans
Fall River
Wall Street
Cotton Spot Markets Across New York and Port Movements
New York reports mixed cotton pricing with spots steady and middling around 17.10 to 17.50. Port movement shows New Orleans receipts 9,063 and exports 8,003, stock 452,199. Galveston middling 24.50 with receipts and stock listed. Savannah, Charleston, Norfolk, Boston, Philadelphia, and Houston details follow, summarizing regional middling quotes, receipts, exports, shipments, and stocks. total today receipts 18,633, shipments 18,002, stock 980,005.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Gpaalveston
Charleston
Norfolk
Ing
Ktimare
Boston
Ae Ing Ee
Philadelphia
York
Tsexe
Tock
Sameni
Fez Suaon Ecelpts
Erie
Houston
Jadalg
Tate
Augusta
Dallas
Montgomery
Professional Views On Cotton Situation
New York reports a weekend market with profit taking after a regent recovery. Southern seeds show moderate selling early but are absorbed by commission houses, signaling renewed optimism. The piece notes a possible weekend development despite a potential setback.
MENTIONED IN THIS ARTICLE
New York
Segorita
Market mood boosts hopes of January trade
The column notes rising business confidence amid deflation fears, with merchants like DEVIL BROTHERS & CO and W. Jay & Co citing Governor Harling's remarks on deflation as a turning point. Anticipated large shipments to port for January and potential price gains reflect firmer market sentiment despite prior downturns.
MENTIONED IN THIS ARTICLE
New York
Harling
Federal Texerve Bank
W. Jay & CO
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James 5. Alexander
National Bank of Commerce of New York
Naval Stores
Kavannai
Kb Boatrater
Ava Reesipis
Mae
NEW York Stock Exchange
Liberty Bonds
Biber
Uate Gin
Entra Qiarts
Victory
Eary Ae
Sir
Prime Mercantile
Banker
Comm
Ater Terlin
Bili
Coumeraat Coany
Hostige
Guildera
Eire
Ani Ae
Sturch
Mays
Satya Seiaieon
Nba
Bentember
Penortea
Orion
Santos Futures
Vets
Ang Lo BO
Bio Shears
Chiraco
Curb Securities
Cariizhé Inter
Hale
Filmi
Ghenrat Guffey
Midwest
Ware Northam
Ohio Ranger
Balt Creek
Aled Packers
Bulan
Vo Huzaian
Clie
iInbrie
Mtotara
Chile
Butte Superior
Raph
Endicott-John
Goodric
Nunnal Max
Cai Tex
Wilson & Co
Aise Anglo-Am
O Equip
Es Cane Belghim
Bay Ale Hudson Jap
Bennsylvannia Ase
Sinclair Ta
Ab! i . Weat
NEW York Bonds
Atchison Gen
Atlantic Coast Line
Bethlehem Steel Res
Baltimore & Ohio
Central
Consol
Central Leather
Chesapeake & & Ohio Co
Paris
Colorado
Denver & Rio Granite Co
Dominion of Garada Ss
Eris
Minola Central
Uthern
Sit & Foshville
Miegeurs Paciflegen
Norio
És & Western
Northern Pat IB
Nsee
Pennsylvania
Brepublic Ieee
Southern Bent Tel
Southern Pacific Co
Southern Railway Ga
Southern Railway
Texas & Pacific
Wayadh
Union
Pacific United Kingdom
St. Louis
Claye
Mar
Bom
Ee Fon
Steen Pater Beckins
Kriebel
Spae Machines T&co
RSNGE
NEW Zoek
Pesway SS
Inc
H. & B. Beer
Gtook Exchange
Zork
Zork Coffee and Sugar Inc
Chicago Board of Trade
Liverpool
Otto
Graviar Bt
Baronne St
Sree
Johnston Bros
Ae York
Javury
Cirus
Fae
Eeuestia Ag
Busiess
Dbvil Brothers & CO
Eblin & Company
Broad St
Free
Duggan & Bouden Cotton ‘Brokers
Cotton Exchange
Old Beck
Beck
Edgar Morgan Company
Memphis, Tenn