Prosperity Seen Reigning as Finance Tone Improves
New York January 16 Special The stock market showed strength last week with active investment demand and bullish action in select issues. Foreign selling declined and European markets, especially London, improved, signaling a lighter risk of heavy U S security unloading amid a broad money market easy stance and ongoing gold movements to the United States amid rising US trade balances.
MENTIONED IN THIS ARTICLE
New York
London
Atlantic
Sime
Algo
United States
Europe
America
Canada
China
Japan
Kauirgud
Handsome profits will be realized
New York January 16 Special Wall street was greatly impressed by John A Topping head of Republic Iron and Steel who said the corner of low mood had turned and that December orders up 612000 tons show gains in new business He noted rising confidence in a near bull market driven by cheap money Now lifting cautious sentiment and encouraging investment in seasoned dividend payers Canadian Pacifics bonds and debt strategy is described as unique with large land grants and asset base enabling aggressive debt retirement plus new rail and shipping assets highlighting the firms strength and the shifting rail market with Canadian mills setting rail sale terms for U S railroads amid price tensions
MENTIONED IN THIS ARTICLE
la Feollette
Interstate Commerce Commission
Congress
Amalgamated Copper Company
United States Steel Corporation
Pennsylvania Railroad
Pennsylvania
Amalgamated
Steel
International Harvester Company
New Jersey
Erie Railroad
Sre
Chicago, Milwaukee and St. Paul Railway
St. Louis
San Francisco
Als Properties
Ax Iowas
Gopper Producers’ Association
The
Steel Corporation
New York
Wall Street
United States
John A. Topping
Republic Iron and Steel Company
Topping
Financial
Stock Exchange
Canadian Pacific
Tong Tréeal
Canadian Pacific Railroad
Central
Great Northern
Northern Pacific
Union, Pacific
Atchison
Dominion
Central Pacific
West
Canadian
Ooo
Thomas G. Shaughnessy
Milwaukee
St. Paul
Canada
Steel Trust
NRL. B
Cotton Active as New York Market Hits Best since November
New York on January 16 reports the cotton market at its highest level since the reopening, with active trade from start to finish and a steady close 11 to 13 points higher. New Orleans and spot houses fueled strength amid bullish sentiment, while Liverpool's strength and British textile demand supported futures. spot prices listed for Upland and Gulf grades with no sales.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Liverpool
Manchester
Uplands
Gulf
New Orleana
Bully
United States
Cotton Movement Steady Across Markets January Report
Cotton prices steady with mixed regional receipts and stocks in major ports. New Orleans and Savannah show solid middling levels and rising stock, while Liverpool spot firm with futures steady. overall day receipts exceed exports, signaling cautious demand in a volatile market.
MENTIONED IN THIS ARTICLE
Atlanta
New York
New Orleans
Galveston
Texex
Mobile
Savannah
Harleston
Wilmington
Norfolk
Baltimore
Philadelphia
Stocks Steady Near Close as Minor Issues Lead
New York January 16 Dealings in stocks today were brisk with most activity in minor or inactive issues. Major rails and steel shares faded to the background while specialties rose up to 3 points. Merchanile paper firm Sterling exchange and government bonds stronger with money at 1 percent.
MENTIONED IN THIS ARTICLE
New York
Standard
United States Steel
Amalgamated Copper
Reading
Trans-Continentals
Standard Milling Preferred
Great Britain
Missouri Pacific
Maryland
Erie
Delaware and Hudson
Pittsburg
United States
Mercanntile
Sterling Exchange
Short Willy
Cotton goods demand steadily increasing in New York
New York reports a steady rise in demand for staple cotton goods this month with firmer raw cotton and better business. Prices for canton flannels and solid color linens fall, while prints and southern ginghams gain activity. Spot and futures delivery rise. mills cite thin profits. Copper and metal markets show little change.
MENTIONED IN THIS ARTICLE
New York
Canton
Reserve deposits show big increase in federal banks
Washington reports reserve deposits across twelve federal reserve banks rose nearly $10 million in the past week ending January 15. The board notes total resources at $297,098,000 with a gold reserve at 87.1 percent of net liabilities and a 9.1 percent cash reserve against net liabilities. Clearing House Banks show $15,551,200 excess reserves over last week, while loans and deposits shift across vaults and other depositories.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Reserve Board
Federal Reserve Bank
Greater
New York
United States
Turpentine and food product prices in early trade reports
Savannah reports firm turpentine at 44 cents with 1068 shipments and 36 768 stocks, while Roam firm shows 427 sales and 797 shipments. New York notes unsettled cheese and butter receipts, Kansas City and Chicago report unchanged butter and poultry, and sugar futures ease with Cuban supplies boosting offerings. molasses and refined sugar prices noted with regional activity.
MENTIONED IN THIS ARTICLE
Savannah
Recelpta
Roam
New York
Kansen City
Chicago
St. Louis
Wheat Slump Hits Prices as Embargo Fears Grow
Chicago January 16 Wheat fell sharply within minutes raising panic stop loss selling. Market dipped 5 to 8 cents with corn oats and provisions also lower. Reports of a possible congressional embargo and Wilson price investigations weighed. cash wheat grades quoted around 1.40 to 1.48 with varied other grain values.
MENTIONED IN THIS ARTICLE
Chicago
Congress
Wilson
Also Mentioned on This Page
Honduras
Cotton
Jan S
Prey
Januery
Cotton Movement
Houwston
Memphis
Migaung
Boss
Charleston
Boston
Pacific Coast
Houston
Augusta
Cincinnati
Little Rock
New York Bonds
Gag Am Agriculturel . Ag
Ae Atchison
Atlantic Gast Line
Bethlehem. Steel
Ohio
General Electric
Rockdaland ‘Go
Beccet San Fran
Southoard Air Line
Sloss-Shef. Steel and Ren
Southern
Union Pacific
Ss. Steel
Utah
SL i .N
Caro, Chem
Western Upton
Regusiece
U.S
Panama
American Agricultural
Atlantic Coast Line
Central of Georgia
Central Leather
Chesapeake and Ohio
Q. Foint
R. Lance
Llinola Centrae
Wiggett and Myers
Republic Tron
San Fran
Res
Sesboard Air Line
Southern Bell Telephone
Southern Pacific
Southern Railway
Exas Company
Cv. Os
Texas and Pacific
U. &_ Steel sea rmn
Chemical
Lake
Tron Quist
Metals
Naval Stores
Cuba
Loan Society
Essex
Newack
Chicago Board of Trade
Charles J. Metz
Certified, Public Accountant President
Audit Company of the
South Heatley Building
Alonzo Richardson & CO
Certified Public Accountants
Empire Building
Georgia
Btart
Hubbard Bros. & CO
Hanover Square
New York Cotton Exchange
J. L. Williams
Buena Vista, GA
Soma
Johnston, Storm & CO
William Street
Cnrvy N. Y. Cotton Exchange
N. Y
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