Mexican Oil Breaks Down On Tariff Report
New York traders reacted to a tariff bill including a 25 cent per barrel tax on fuel oil and 35 cents on crude. Despite early declines in Mexican petroleum and other stocks, sentiment turned cautiously upbeat with expectations of a price rise next week and possible modifications to the tariff to prevent dumping. Banks and railroads discussed debt handling to boost trade, while a rail and industrial liquidation plan advanced in South America with a five member committee and a 10 percent assessment.
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New York
Financial District
Atlantic Gulf
Icaiare
Bia
Indus
Ean Car and Foundry
Superior Traction Company
South Ameriave
Pla Corporation
Tuggen Incorporation
Market mood shifts as crop report looms
New York June 30 cotton edges lower on liquidation ahead of the government crop report and a three day adjournment. October futures slipped from 12.26 to 12.07 with July about 11.28 and December around 12.34. Private crop reports show mixed condition, hinting at a smaller acreage and potential yield around 3.1 million bales.
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New Orleans Times-Pien- Local Reserve Bank
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New York Journal of Commerce
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Cotas
Pala
Mississippi River
F. R
Liquidation Dampens New Orleans Cotton Market
New Orleans and New York market notes show a broad decline in cotton prices due to liquidation from long positions. July futures led losses while spot cotton remained steady. reports of Gulf storms and labor conditions influence selling. Domestic mills purchased some spots, but overall sentiment stayed weak amid soft English demand and Liverpool pressure.
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New Orleans
Liverpool
Suly
Bureau
England
Weather Bureau
Mexico
Professional views on cotton situation
Professional views on cotton markets report New York trading trends June 10 with weak Liverpool influence causing declines in industrials. Weather and storms impact outlook while forecasts suggest steady prices pending government report and bullish elements. notes from various firms on futures activity and long July tenders amid labor concerns in England and Mexico.
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Flore
Britain
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Wayne Coal
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Vera Cruz
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Hiublard Bros
Ay Cage Portenan
Fame
Din- Sigma
Pet
Mississippi
England
Cotton Crop Estimate Lowest in Twenty Years
Chicago June 30 reports indicate weak cotton crop prospects, with exports via foreign demand lifting wheat and grain markets. The article notes lower cotton yield expectations, fluctuating grain prices, and continued activity in futures and commodity trading across wheat, corn, oats, and related markets.
General Motors Declares Regular Dividends
New York reports that General Motors corporation has declared regular quarterly dividends on all classes of stock. The notice touches on crop and market conditions, detailing June cotton crop estimates, state-by-state conditions, weevil impact, labor trends, and the outlook for the 1921 season, with notes on acreage, yields, and economic factors affecting farming and credit.
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New York
General Motors Corporation
Packing Plant Probe Hearing Postponed
A federal trade commission probe into the packing plant purchase by Moultrie and partners was postponed after representatives were summoned. The hearing now awaits further action as officials said questions would be limited to those directly involved, with details kept behind closed doors.
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Moultrie
Trade Commission
Writ, & Co
Seelened
Federal Trade Co
Ita
Sepoultrie & View
Harris
Federal Trade Commission
Tariff measure worries market amid stock unsettled
New York on June 30 stock market showed unsettled trading as tariff revision bill in the House spread jitters. Shares of foreign origin dropped with Mexican petroleum and Pan-American Petroleum among big losers, while many rail and secondary issues rose. Mercantile and currency futures were uneven with money rates firm and international remittances weaker. London and other markets tracked the tremor as Guildford’s long annual cash prize tradition for long-serving maids was noted.
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New York
House
Bitl
Pan-American Petroleums
Atlantic Golf
Holland
Spain
Scandinavian
Copper and metals prices in New York steady
Copper electrolytic prices steady at 12 13 percent. tin unchanged with spot and futures near 28.75 and 20.00. lead at 440 spot. zinc steady in East St. Louis at 420 or 480. antimony at 475. tin futures listed 2000 2925. 1 Tron unchanged nominally.
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New York
East St. Louis
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