Dividends Passed by Large Concerns and Stock Decline
New York June 3 The stock market opened weak then fell to a yearly low as selling hit many issues including General Motors Baldwin Pan American Plerea Arrow preferred United States Rubber American Sugar and International Mercantile Marine. Cuba Cane cut its 1 1/2 percent quarterly preferred dividend triggering a drop in its preferred from 53 to 50 and to 40 on a large block trade.
MENTIONED IN THIS ARTICLE
New York
General Motors
Baldwin
Pan American
Plerea-Arrow
United States Rubber
American Sugar
International Mercantile Marine
Cuba Cane
Cuba Cane Company
Wall Street
Armour Leather Company
International Harvester
Anaconda Copper
Sears-Roebuck Common
Chesapeake & Ohio
Midvale
Alllg-Chalmers
Bears
Howeever
Pittsburg
Steel Corporation
J. F P. Morgan
London
Thomas W. Lamont
Dwight Morrow
LaMont
Morgan Ir
Middle States
Allied Chemicals
Missouri Pac
York Central
Norfolk
Western American International
Oklahoma Frod
Enepono Petroleum
Sumatra
Consolidated Gopper
Anaconia
Republic Iron Am
Sea Mere
Atla
Gulf & West Indies
J. Louis
Art Air Dine Nee Bal Ore
Shell Trang, & Trod
Seaboard Ale
Bethlehem Steel
Sinclair O and Refining
Central Leather
Canadian Pacific
Slass-Sheffield Steel and Iron
BS Chander Motors
AL Ty
Southern Pacific
Aiftwaukee
St. Pan
Southern Railway
Chicago
Rock Island
Pawikie
N. J
Studebaker Corporal
Tig Cole O
Tennessee Copper
Colombo Budexas Company
Pacifi
Crucible Steel
Onion Pacific
General
General Electric
IBM General Motors
Uait
Rubber
Ain Central
BBY
United Stated Steel
United States Steel
Int. Merchant
Anu
Ie Vaonadia Utahea A Ate
International Nickel Oe
Yinshime Garathca Chemical
BOY Invincible Oil International Paper
Western Union
Kennecott Copper
Westinghouse Electric
Louisville Jaition
Miami Copper
Weekly Reviews on Cotton Market and Dun's Report
The week saw little market movement in cotton as the government condition report aligned with private estimates but failed to spark buying, with farmers liquidating amid favorable southern weather and ongoing British labor strife. Estimates show a potential 29.7 percent drop in acreage from prior year, with an indicated yield of 7.5 million bales. sentiment remains cautious despite weather easing expectations. Dun's notes slow general recovery, with hesitation in major purchases and a shift toward meeting immediate needs, while iron and steel and wholesale prices show tentative stabilization. Weekly bank clearings totaled 5,708,625 dollars.
MENTIONED IN THIS ARTICLE
York
Swan
Dun
New York
Textile operatives in England strike in Manchester
In Manchester England about 600000 workers in the spinning and weaving sections of cotton mills will stop work tomorrow after failure to reach agreement with cotton spinners and manufacturers over a proposed 30 percent wage cut. Employers had offered 25 percent instead of 30 while workers rejected more than 12 1 2 percent, saying 25 would lower living standards below pre war levels. Workers would accept 12 1 2 percent if wages are reviewed in three months.
MENTIONED IN THIS ARTICLE
Lancashire
Carolina
New England
Manchester
England
Cotton Milla
Enieh
Short Selling Impairs Stocks Across Market Decline
Liquidation and short selling pressured prices with Standard shares down 1 to 5 points and speculative issues worse. Cuban Cane Sugar and Armour Leather preferred led dividends cuts and heavy offerings, while International Harvester cut its common dividend. Bond market saw a Liberty rally as prices firmed after a volatile session.
MENTIONED IN THIS ARTICLE
New York
Standard
Cuba Cane Sugar
Armour Leather
International Harvester
Raila
London
Liberty
New York bonds sharp reversals in grain prices
Chicago June 3 sharp setbacks in wheat followed new high records for July delivery. Bears cited slow export business and ideal weather. wheat finished 81-4 to 33-4 cents net down. Corn and oats fell 1-2 to 2 cents while provisions varied. Grounded by large receipts of corn, prices drifted as traders anticipated September delivery.
MENTIONED IN THIS ARTICLE
Chicago
Italy
Bears
Market Report Notes Decline in Raw Sugar and Grains
New York June 3 prices showed a further drop in raw sugar with Porto Rico and related refined levels at 4.08 for centrifugal and 25,000 bags traded. Sugar futures eased, while refined futures fluctuated on prospected demand. wheat, corn, and rice prices varied with mixed gains and losses across futures and cash markets.
MENTIONED IN THIS ARTICLE
New York
Porto Anglo Amn
Elk Basin
Kederni
Porto Ricon
Guffey Gillespl
North Amn
Oltens
Salt Creek
Simms
Fone
Creamer Convicted Twice in Murder Trial
Charles Creamer was found guilty of the murder of Mattila Wells, an elderly fortune teller, in Mascobee superior court for the second time. Judge George P. Munro imposed a life sentence to be served on the state farm. the verdict carried a mercy recommendation.
MENTIONED IN THIS ARTICLE
Columbus
Charles Creamer
Masco- Bee
Mattila Wells
George P. Munro
Creamer
Sentencine Creamer
Munro
Live Stock market receipts and price shifts report
Chicago live stock receipts on June 8 show cattle at 6,000 with varied prices for beef steers yearlings and cows. Pigs and sheep move lower or steady with top quotes around 8.50 to 9.50 for hogs and lambs steady to higher for select spring stock. East St Lotta and other regional quotes indicate mixed demand, with cattle steady for strong buyers and calves fluctuating, while sheep receipts total about 2,200 with firm rows for spring lambs and good packer demand.
MENTIONED IN THIS ARTICLE
Chicago
Atrane
Nvernen
Othereipterdy
Nebers Gkintecnie
Boik
East St. Lotta
Bathery Akockers
Bene
Fmik
Atlanta
W. H. Thies
White Provision Co
Senate and House Adjourn for Weekend Recess
Washington June 3 Both Senate and House ordered a weekend recess today adjourning until Monday The army appropriation bill will get priority next week in the Senate The Sweet bill to reorganize government agencies handling veterans affairs will be taken up item by item in the House with its early passage predicted
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Cotton Mill Strike Conducted Quietly in Several NC Mills
Quiet across Charlotte Concord and Kannapolis and in Washington DC as about 9000 textile workers strike. Mills largely idle or operating with reduced forces after wage cuts. Savona Manufacturing strikers clash briefly with rivals while company seeks police protection for a plant running with limited staff. 15 percent of NC looms affected. non union mills unchanged.
MENTIONED IN THIS ARTICLE
Charlotte
N. C
Concord
Kannapolis
Rick Hil
D. C
Savona Manufacturing Company
North Carolina
Revival Services Close Sunday at Frowny Memorial Church
Revival continues at Frowny Memorial Church conducted by Pastor D W Ownes with services Sunday morning at 9 o clock and evening at 7 30. Since the revival began 183 members have joined the church and 76 baptisms have occurred with 20 more awaiting baptism.
MENTIONED IN THIS ARTICLE
Crus
Frowny Memorial Church
D. W. Ownes
Party To Visit Europe With Dean Of Brenau College
Gainesville Ga June 3 Preparatory to a summer European trip Miss Eva F Pearce dean of Brenau College will leave for New York City Saturday to lead a party to Europe. The Carmania will transport the group across the Atlantic landing in Naples en route back to New York in September The party includes Mrs M B Little and Miss Gladwyn Little of Knoxville Tenn Miss Bess Harberon of DeFuniak Springs Fla and Miss T snthy Dean of Gainesville.
MENTIONED IN THIS ARTICLE
Gainesville
Europe
Eva F. Pearce
Brenau College
New York City
Pearce
Naples
New York
M. B. Little
Gladwyn Little
Knoxville
Tenn
Bess Harberon
DeFuniak Springs, Fla
T Snthy Dean
Abolition of Fees Urged by Sumter Jury
Augusta Georgia June 3 Special The Sumter Superior Court grand jury in session two weeks recommends ending the county fee system for paying officers. It favors consolidating offices including tax receiver and tax collector and recommends abolishing the county treasurer.
MENTIONED IN THIS ARTICLE
Augusta
Sumter Superior
Cotton Market Liquidation and Rallies Amid Low Trading
In New York cotton quotes show liquidation absorbed as October rallied from 13.39 to 13.58, closing near 13.57. Liverpool sees slight gains. July to December shift modest. New Orleans market closed for Confederate Memorial Day. daily notes cite subdued demand, light selling, and rumors of Lancashire wage settlements. Fall River prints indicate steady craft demand and upcoming improvement.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Lancashire
China
Fall River
New York Cotton and Markets Summary June 3
New York spots show mids at 12.05 with varied receipts and stocks across New Orleans, Charleston, Houston, Memphis, and Dallas centers. Professional views from Hubbard and Davis note steady opening, Lancashire wage talks, and cautious optimism as depression ebbs and trade channels shift amid English coal strike impact.
Dividends Passed and Stock Actions Across Firms
News briefs report Armour Leather passing a 7 percent cumulative preferred dividend due July 1. Cab A Cane Sugar declares a 1.5 percent quarterly dividend on preferred stock. International Harvester directors cut common stock to 5 percent and issued a 2 percent stock dividend payable July 25. Record date June 24. Total stock outstanding around 2 million.
MENTIONED IN THIS ARTICLE
Chitagi
Gamea
Armour Leather
Armour & Co
New York
Caba Cane Sugar Corporation
Chicago
iInternational Harvester Company
Cotton Seed Oil Prices Falter On Delayed Deliveries
From New York on June 8, near months held steady as crude prices supported activity but later deliveries eased amid commission changes and local selling. Prime crude traded 5.25 to 5.75, prime summer yellow soda 7.85 to 8.05, with July at 7.55, September 7.74, December 7.80, all bids.
MENTIONED IN THIS ARTICLE
U. S
Pranoma As
Lana Tep
Banoma
American Tel
American Smelting and Refining
Atchison Gen
Atlantia Coast
Central Leather Ia
Ghesapeake
Ohio Cy
Chicago
B. & Quincy Joint
Chicago, al. & St. PB
City of Paris
Colorado and
Southern
Denver
Rio Granda Consol
Dominion of Canada
Marine Ga
Kansas City
Southern Laggett and Myers Fi
Conisvilly
Nash
Missouri, Kan
Texas
Missouri Pac
New York Central
Norfolk and Western Cr
Worthero Pacific Pennayls Ania Een
Firs Republic Iron and Steel
Ba Fat
Fom St. Lowiy & Son Fran
Seaboard Air Line
Adj
Southern Bell Tel
iSine Sie
Southern Pacific
Southern “Railway
Ba Seeabe Aly
Southern Railway
Éxag and Pacific
Uhtion Pacific
United Isingdom of & I
Viraintas Carolina
Wabash
Haty Wilson & Co
Arnone
Nelgian
Berne Bs
Chile
Denmark
Goodrich Ts
Vbellem
Vbellem 100% Lork— Aorpay
Pennsylvania
Trubher
Paris
Southern Railway Os
Eireble
Esau de
Solvay Fe Sculft
Swisa
Ios Chicago
Calee
Clover Seed
Westinghouse
Sao Paulo
Ammon
Atlanta
State Bureau of Mareta
Cornfield
Narto
Lars
California
Florida
New York
Commission Chonge
Metals Market Summary From New York June Trade
Metals report shows copper steady near 30.00 to 30.73 and nearby futures steady with spot and nearby prices cited. Lead remains nominally uncharged with steady spot. antimony trades around 6.25 while East St. Louis SDA figures appear in the release. Swift & Co. Chicago reports dated June 3.
MENTIONED IN THIS ARTICLE
New York
East St. Louie
Money to Invest Read Hints From Bond Expert
Beginning tomorrow The Constitution offers a series on investments by a man with sound business judgment and years of experience handling reputable bonds. The expert promises practical guidance and conservative advice to readers seeking informed money choices.
Helpful Hints To Investors Series Begins In Constitution
B Blodgett vice president Robinson Humphrey Co Atlanta will present eight installments on prudent investing. Each article covers one or two key phases of successful securities investing and aims to guide readers away from common pitfalls. Read the first installment on the financial page to stay in touch with the series.
MENTIONED IN THIS ARTICLE
Constitution
Blodgett
Robinson-Humphrey Company
Atlanta
Sea Islands Market Report Amid Unclear Figures
Fragmentary OCR style note lists random figures and terms such as 38 next to incriminary, 36 34 noms, 16 receipt, shiprute, 340 stock and 8.83 Crow sight 280i with no coherent context or identifiable entities.
Woman Overcomes Indigestion With Priest Drug Powder
Mary L Dow of Roxbury Massachusetts writes she suffered years with indigestion until taking Priest Drug Company's Indigestion Power. She praises it as wonderful and recommends it to others with indigestion. Available from druggists. if not carried, ask for PM or from Pifi Drug Company Bangor Maine. Free samples offered. mention reading the paper.
MENTIONED IN THIS ARTICLE
Mary L Dow
Shepad Avenue
Roxbury
Mass
Wri
Priest Drug Company
Bangor
Pifi Drug Company
Sampii
Jacob's Pharmacies
Also Mentioned on This Page
R. L. Barnum
St. Louis Coke and Chemical Company
National Enameling
Union Pacific
Harding
Federal Reserve Board
National Automobile Chamber of Commerce
Federal Reserve System
Reserve Bank
Hoover
Daugherty
Bad Trade Associationa
Congress
The
Trade Commission
Japan
Eason
Apa P
NEW York Stock Exchange
Money Market
Prime Mercantile
T Ff Gera Bigs Enliles
Greece
Sweden
Norway
Brazil
Liberty Bonds
Naval Stores
Savannah
Holida
NEW York Bonds
Cash Grain
Curb Securities
St. Lala
New Orleans
Honduras
Aince
Aida
Maren
Santon Ds
Cort
Santos
Tio
Cate
Bantos
Santor
Rie Exchange
Fondinhy
Dean OF
Brenau
Sumter
Chase
New Orleana
American Exchange
American Cotton and Grain Exchange, Inc
Cotton
Iwiet
Corr
Galveston
Mobile
Atiaaine
Charleston
Recelpte
Wunoingtons
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Recellta
Rolalhe
Dallimere
Boston
Philadelphia
Houston
Memphis
St. Louls
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Little Rock
Pallas
Montgomery
Jane
Hubbard Brothers & CO
Jones
cWberg
Oavis Brothers & CO
Ings
Swift & Co
Swift, &.Co
B. Blodgett
Seneseee
Atlantic Ie
Atlanta National Bank
West ‘Point Borg
Atlantic Steel
Common
Ate & Savannah RR
7Central Bank & Trust Corp
Isposition
Coda
Eagle & Phoenix Cotton Empire
Pulton Nation
Fourth Rational Bank
Ye Ga
Elec
Atock Sheeawee A
Axe Hilside Cotton Mills
Bewry National
Milstead
Nye
Er Trust Co
Din Southwestern RB. Se
Ears Fonds
Atlantic Ice & Coal Corp Gm
Atlantic Steel Co
Sssensee Central RB
RB & Banking Co, Sa
Seaboard
Ivy
Hotels and ID Resorts
Crockett Avstoc-Lithiae
Hervons
Homas
Ohett Snrines Yn
Mountain View
He & Fohnston
Ellay
Lake Bennett
Fayetteville
W. OG. Cousins
Fayattaviila
Houstonst
C. Toker
Mfpr
Swift & Company
A. Peacock
Henry L. Doherty & Company
Hurt Building
Tea
Ailanta
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