Short Selling Invited In Market News of Day
New York January 13 Spotty stock market opening saw Atlantic Gulf Studebaker and others down while Crucible slid 3 percent after short selling eased. Rail shares steadied but most issues softened as traders anticipate higher prices this month. Banking news showed easier money with call funds at 6 percent and time loans under current official rates.
MENTIONED IN THIS ARTICLE
New York
Atlantic Gulf
Studebaker
Crucible
Lackawanna Steel
Republic
International Paper
Reading
Wall Street
Stock Exchange
Wilson & Co
Thomas E. Wilson
Cudahy Packing Company
National Cloak & Suit Co
National Biscuit
Transcontinental Co
A. W. Mellen
The
Pennsylvania
Mellon
American Locomotive
Standard Steel Car
Pittsburg Coal
Mellon National Bank
Union Trust Co
Pittsburg
Buffalo
Dunlap Tire and Rubber Co
England
Utica
Bank of England Statement and Commodity Market Snippets
London on January 13 reports the Bank of England weathering shifts in reserves with holdings rising by 1.73 million pounds and several deposit categories declining. Domestic rates show a 7 percent discount and reserve adequacy at 124.5 percent. In Georgia Turpentine and other commodities show little activity while coffee futures in New York trade under pressure, with March liquidation and net declines amid a volatile session.
MENTIONED IN THIS ARTICLE
Bank of England
London
Iank ‘of England
EL Owner Securitica
R&i
Unclear OCR summary of security receipts and values
Fragmentary text mentions receipts and monetary figures with names like BEN and Welles. No coherent event or identities beyond random terms. Unable to determine a definite news item, place, or date from the readable content.
New York Cotton Breaks After Setting New Mark
New York cotton futures turned lower after hitting a season high, with January falling from 18.00 to 17.15 and closing near 17.15 as March and May contracts also eased. Reports cited stronger export demand for low grades in Liverpool and ample warehouse capacity in New York to handle deliveries, while traders rotated positions amid rumors of short-covering.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Clare
American Exchange
American Cotton and Grain Exchange, Inc
Dongs Oper
Liverpool
Bay Sensi
Recelptia
United
Adbedig
Spot J quiets middling as New Orleans market slips
New Orleans reports broad cotton price declines with futures down 14 to 23 points and March at 15.25 as rumors of January deal settle and heavy selling follows a 24,000 bale export clearance. Early gains in Liverpool lift opening but selling pressure returns amid census optimism.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Liverpool
Bank of England
Newport
Census Bureau
Atlanta National
San
Bank Clearinga Thornley
Atlants & West Point
Atlantic Steel Commons
Atlanta
Cotton Market Bible Bite. Co
Macon
Exposition Cotton Mills
Valio
Fourth National Bank
Hilttude Catton Milla
Lowry National Bank
Mistead
Securities Gales Co
Trust Co
Honda
Atlantic Ice & Coal Corp
C. A. Bulls
Atlantic Steel
H. White, Jr
White Provision de
Abo
State Guveau
Amareta
State Capitol
Atenta
Rey Yan
Florida
Storta
Frovision Market
White Provision Co
Wien
Heres Baain
Professional Views On Cotton Situation
New York reports on January 13 special edition noting a serious market outlook for cotton. Analysts describe persistent pressure in prices and demand concerns shaping trading sentiment.
MENTIONED IN THIS ARTICLE
New York
Cotton Movement and Prices Across Ports and Regions
Cotton market reports show bidling middling prices from New Orleans to Galveston and beyond. Receipts totals, exports, stocks, and daily shifts are listed for multiple ports including Houston, Memphis, Atlanta, Dallas, and Montgomery, with weekly and yearly totals and futures prices noted.
MENTIONED IN THIS ARTICLE
Houston
Andale
Atock
Memphis
Atlanta
Smddin
Dallas
Brontgomery
Liberty Bonds and Money Market Report
Liberty bonds closed with first 4s at 80.80 bid and 02.90 per gmi in New York trading. Victory bonds quoted around 7.08 to 7.05 for various issues. London money markets show discounts on short and three month bills, with sterling exchange firm and bank acceptances around 5 percent.
MENTIONED IN THIS ARTICLE
Liberty Bonds
New York
iLiberty Bonds
Bygm
Bie
Aecord
Ste
REED
Victory
London Money
London
Ueath Cense
Prime Mercantile
Wide Variations Feature Stocks Rise and Fall
New York January 13 Resumption of aggressive short interest in speculative shares helped shape a volatile session. Early quotations fell with intermittent rallies later canceled as Crucible Steel Mexican Petroler and other leaders faced heavy selling. Ralls and certain utilities stood out as exceptions amid broad liquidation and lower end prices.
MENTIONED IN THIS ARTICLE
New York
Crucible Steel
Mexican Petroler
Ist
Ralls
Nellne
British Exchange
Call Loana
Wilson
Seara-Roe
United States
Argentine report bears on wheat market
Official Argentine export surplus estimates spooked Chicago grain trading. Wheat futures finished lower as bears gained from 120 million bushels official showings and private 93 million figure. little new export business and shifting Argentina supplies kept buyers cautious, while milling demand offered some support. Corn and oats followed wheat moves with varied grain and provisions values also fluctuating.
MENTIONED IN THIS ARTICLE
Chicago
Pacific Coast
Argentiina
Metals and Rice Market Notes From New York and Chicago
Metals report shows copper firm with spot and futures activity and varied bid levels in New York. Iron and antimony prices cited with modest changes while steel and related metals show steady to firm tones. Rice market notes from New Orleans and Chicago indicate receipts and sales activity with mixed fortunes and price levels. Bran and potash show no change in latest trading.
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New York
St. Louis
New Orleans
Honduras
Andrews Named Receiver in Superior Company Bankruptcy
The Superior Motor Truck company was named defendant in involuntary bankruptcy in the U S district court on Thursday. Hubberd Brothers Shearer Machine company of Atlanta and the L C Chase company of Boston filed the suit. Walter P Andrews was named receiver for the truck company following a verdict against it for 32879 16 awarded to Beaver Manufacturing company Wednesday. Walter S Dillon represents petitioning creditors.
MENTIONED IN THIS ARTICLE
Superior Motor Truck Company
United States District Court
Hubberd Brothers
Shearer Machine Company
Atlanta
L. C. Chase Company
Boston
Walter P. Andrewa
Beaver Manufacturing Company
Walter S. Dillon
Burglar Entry Into Reverend Lacy Study Reported
Burglar entered the study of Rev. B R Lacy Jr pastor of the General Presbyterian Church during Wednesday prayer services. Nothing of value was taken, and the reward for the burglary is not likely to be large, according to the preacher.
MENTIONED IN THIS ARTICLE
B Lacy, Jr
General Presbyterian Church
Lacy
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