Late Rally in October Cotton Market Reuters Style Sees Drops
New York June 2 A continuation of selling pushed October cotton to 22.75 early, down 51 points from Friday and 224 from Mondays peak, then rallied to 23.07 before closing around 25.25 for the general market. July and December also fell, with selling easing over the day as concerns about crop prospects and mill curtailment persisted. In New Orleans trading, declines gave way to late recoveries, with December at 22.40 and October at 22.68 after volatility, amid mixed demand and weather outlooks for Texas and the eastern belt. Spot values in New York and New Orleans showed further weakness, with low middling around 26.75 to 27.50 and arrivals about 300 bales.
MENTIONED IN THIS ARTICLE
New York
Ueter
Ral Hes
Lhe
Focal
Fril
Orleans
New Orleans
Jovery
Judy
2Agil
Texas
Shorts
Bradstreet’s
Dun’s
United States Steel Common
Bethlehem Steel
Willys-Overland
Studebaker
Chandler
Baldwin
Crucible Steel
Phillips Petroleum
Underwood Typewriter
California
Greet Exchange
Pestis
Federal Reserve Bank
Cotton Movement and Market Notes From Several Ports
Movements show middling cotton prices and receipts across New Orleans Mobile Savannah Baltimore New York and other hubs. Totals for the week report receipts exports and stocks with prices around 27 to 28 cents per pound and notable activity in Houston Memphis Augusta and Little Rock alongside cash grain values in Chicago trades.
MENTIONED IN THIS ARTICLE
Orleans
Yeaterday
Alvextun
Mobile
Etori
Savannah
Mitching
Stock
Ton
Heeriptis
Atock
Atom
Hecelpts
Texas City
Norfolk
Philadelphia
New York
Revelptn
Sifnor
Georon
Toterlor
Houston
Memphis
Yenterda
Piedmont Concert Program Announced
Barber's band will play Piedmont Park this afternoon at 2:30. The program includes marches and overtures such as Wantington Raya and Lent Cavalry, solos and waltzes like Velvet Waltz, selections from The Therian's Bride and The Bohemian, an American sketch By the Bwanee Hiver, and a finale with the Star-Spangled Banner.
MENTIONED IN THIS ARTICLE
Barber
Piedmont Park
Wantington Raya
Buppe
Foutrot
Goun
Hed Bart? Maret
Grapq Selection
Tal
The
Bwanee Hiver
Middleton
Grain Market Rally After Limitation Denial In Wheat
Chicago June 2 Wheat rose after a week of tight limits as a Agriculture Department denial that limits were imposed calmed traders. Corn and provisions gained while oats and other grains followed, with export business and less bearish crop estimates supporting a late session rally amid mixed receipts in major markets.
MENTIONED IN THIS ARTICLE
Chicago
Department of Agriculture
Bears
Thorn
Daily Quotations on Local Stocks
Local stock quotations list multiple companies with Generals such as Atlanta Trust Co and Atlanta National Bank, and entries include preferred or common stock percentages. Companies include Coca-Cola, Georgia Railway & Electric, Southern Railway, and Southwestern Railroad, with references to rail and electric concerns and regional banks.
MENTIONED IN THIS ARTICLE
Atlanta Trust Co
Atlanta
Atlante Ice & Coal
Atantic Ice & Coal
Atantic Steel
Atlantic Steel Common
AU & W
Atlants Tolut Land Bank
BLOCK
Een
Eee Anguste & Bavantah
Bee ‘Mfg. Co
Drees Bibl Mrg. Co
Common Citizens & ‘Southern J Bank
Coca-Cola Presssee Fourth Nations
Georgia Railway & P
Georgia
Er & FP
Solthesstert Express
Southwestern Fesiroad
Southern Securites
Futton National Bank
Pet
Georgia A. & Elec
Pra
Cotton Letter From New Orleans Markets Down Throughout
Cotton futures and related markets show a broad decline across the day with heavy selling from Wall Street and liquidations from under-margined accounts. Weather maps remain favorable for cotton regions, suggesting potential buying opportunities if prices dip further.
Dull Trading in Bond Market Amid Mixed Movements
New York June 2 The bond market opened steady then quiet with US government securities firm and little price change. Public utility liens showed activity with Colorado Industrial 5s up 2 1 4, Sinclair Pipe 6s up 1 1 2, Western Union 1-23 up 1, while Cuba Cane sugar 8s slipped 1 3 8. Railroad mortgages fluctuated narrowly as total par sales reached 5.972 million.
MENTIONED IN THIS ARTICLE
New York
United States
Colorado Industrial
Sinclair Pipe ‘Ling
Western Union
Cuba
Local Shoe Dealers Attend Southeastern Convention in Birmingham
A group of prominent Atlanta shoe dealers will travel Monday night for the Southeastern Shoe Retailers association convention in Birmingham Alabama. The sessions begin Tuesday morning June 6 at the Tutweiler hotel and run through June 7 with talks by national experts and trade editors. A banquet closes the business session Tuesday with additional entertainments planned by Birmingham.
MENTIONED IN THIS ARTICLE
Atlanta
Southeastern Shoe Retailers Association
Georgia
Florida
South Carolina
Alabama
Werner
Byck
Charles Brady
Fred
Stewart
I. J. Daniel
Mose Straus
CG. V. Hobenstein
Birmingham
Tutweiler Hotel
Als
Dave Rich
A. Dayia
National Shoe Association
America
J. H. Stone
Arthur Anderson
Boots Shoe Recorder
W. S. Byck
Fred Stewart
At &Oelock
Tutweiler
W. H. Howard
Healey Building
Last Hour Rally in Stocks Offsets Early Liquidation
United States and regional market reports describe a volatile trading session with an early liquidation followed by a late rally. New York stocks faced pressure from curb-brokerage failures and rumors, then rebounded as shorts covered and blue chips gained. Prices moved on oils and steels with mixed results across industries.
British Cotton Trade low mood Shows No Gain
London June 2 By the Associated Press the monthly summary of business conditions issued by the American Chamber of Commerce in London shows ongoing depression in the cotton trade. Manchester mills face higher production costs and weaker eastern markets while wages stay fixed and yarn prices set. Coal and iron trade effects spread to Europe and the United States leaders in pottery orders. Unemployment falls gradually as living costs rise about seventy percent above July 1914.
MENTIONED IN THIS ARTICLE
London
Associated Press
American Chamber of Commerce
Manchester
Ruher
East Fields
South Wales
United States
Four Die as Train Hits Car at Erie Crossing
Four members of the Smith family, all from Buffalo, were killed and one was slightly hurt when an Erie train struck an automobile at the Cowanda grade crossing near Erie. The victims were identified as relatives of John Smith, an engineer at the Eastern Tanners Glue plant.
MENTIONED IN THIS ARTICLE
Buffalo
Erie
Erie Railroad
Cowanda
John Smith
Sastern Tanners Glue Company
Six Injured as Lightning Strikes Downtown Cornice
Six persons were injured when a bolt of lightning struck a heavy cornice on a downtown St. Louis business building. The cornice fell to the street, pulling part of a fire escape and smashing several automobiles in the busy business district. The accident occurred late today in the heart of the district.
MENTIONED IN THIS ARTICLE
St. Louis
New Orleans Sugar Exchange Announces Saturday Closure
New Orleans sugar exchange begins its summer Saturdays holiday. The exchange will be closed on Saturdays during June July and August.
MENTIONED IN THIS ARTICLE
New Orleans
New Orleans Sugar Exchange
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Llosa
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ADAIR
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Tlanta Healey Building
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