Income Tax and Foreign Trade Drive Market Liquidation
Heavy market liquidation eased today after days of bear pressure. Large institutions funded $20 million for a foreign trade stake and $35 million for acceptances, while call money fell to 6 1/2 percent. Renewals stayed at 7 percent as dividends influenced tax payments. Continental car directors declared a 134 percent dividend, and William E. Corey became an International Motor Truck director. Bond prices rose as long-term value shifts attracted buyers amid coal strike effects and shifts to oil fuel. Sterling and francs weakened in late trading.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Cail
Stock Exchange
William E. Corey
Steal Corporation
Midvale
International Motor Truck Company
Ambrose Monell
Continental Car
England
British Congors
Favorable Report Fails To Encourage Cotton Selling In New York
A favorable weather bureau crop progress report failed to spark selling in the New York cotton market. Early declines gave way to covering, aided by foreign trade buying as October rose to 13.44 and December to 13.97, with the market ending steady and about 3 to 23 points higher. Bullish notices of boll weevil spread in Georgia and parts of Texas supported gains, while London and Liverpool optimism and reports of better British labor conditions limited losses. Spot cotton in Newark stood at 12.80 middling, with Bremen demand cited for higher freight rates from Gulf ports.
MENTIONED IN THIS ARTICLE
New York
Weather Bureau
London
Liverpool
Georgia
Texas
Mississippi
Alabama
Carolina
Europe
Belgium
France
Italy
Call Money Drops to Lowest in Weeks
New York June report shows call loans opening at 7 percent then easing to 6 12 percent, time rates steady, brokers offering more liberal terms including bank acceptances and mercantile paper. International remittances weaken, alongside Treasury note offerings of 500 million dollars as stocks show irregular, hesitant trading with varied bond activity.
MENTIONED IN THIS ARTICLE
New York
London
Paris
Supreme Council
Treasury Department
Treasury
Pregular
New Orleans Cotton Prices Rise Amid Weevil Reports
Strong demand for cotton spots, especially for export via Galveston and Savannah, pushed prices higher after early losses. July futures dipped to 12.03, then climbed to 12.27, closing around 12.23 as weekly government crop reports noted boll weevil prevalence but overall favorable progress.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Savannah
Atlanta Cotton Market Quotations and Clearings
Local market report notes bank clearings and quotations for spot cotton in Atlanta. Includes shipment dates, bale stock and bale counts, with quoted prices and market activity in the ATL area.
MENTIONED IN THIS ARTICLE
Atlanta
Atlanta Provision Market Mixed Prices on Meat and Lard
The Atlanta provision market lists various meats and products with mixed prices, including meats at 0.08 and 0.06 notes, lards and bellies with differing averages, and linters and hampers showing varied quotations. Copper and tin are reported in New York and London markets, with notes on rosin, turpentine, and related shipments and receipts.
MENTIONED IN THIS ARTICLE
Atlanta
Cornfield
Teesevene
York
Carefield “Ciewers
Bagia
Professional Views On Cotton Situation
New York reports indicate mixed prospects for cotton. Planted cotton grows slowly and requires moisture across many regions including Texas, Mississippi Delta, Alabama, South Carolina, and Georgia. Weevil spread, labor unrest in Britain, and reduced fertilizer use threaten yields. acreage down about ten million acres suggests heightened pest damage risk if rains and moisture do not materialize.
MENTIONED IN THIS ARTICLE
New Orleans
Jane
Georgia
Washington
Oklahoma
Texas
Arkansas
South Texan
Mississippi River
London
Tabor
Favorable outlook for cotton reported by weather bulletin
Washington reports the national weather crop bulletin finds a favorable week for cotton with fair to very good progress. Rainfall was uneven across regions, heat above normal in most districts, and cool nights in the Carolinas slowed growth. Weevil appeared in some Texas counties and yields varied by region. prices and futures remained steady as market watchers projected improved demand with easing strike effects.
MENTIONED IN THIS ARTICLE
Washington
Carolinas
Tennessee
Alabama
Georgia
Texas
Mississippi Delta
South Carolina
Rothern
Yexnas
Huldard Brothers & CO
Market Notes Snap Shot Currency and Livestock Prices
The report lists currencies and bonds in New York and London with rates for 60 day and other bills, gold, and call money. It also covers New York Liberty bonds pricing, Louisville cattle receipts, steer and heifer prices, and livestock quotes alongside poultry and dairy figures from New York, Chicago, and St Louis markets.
Late wheat crop fuels advance on rain and forecasts
Chicago May 8 wheat rose on rain delay to harvest and bullish government forecasts. July and September contracts advanced while corn and oats slipped. Provisions gained modestly on export demand. The agricultural department forecast a total winter and spring wheat crop larger than last year by about 45 million bushels, with oats barley and hay smaller. Kansas Indiana and other states showed deteriorating conditions, yet the overall outlook remained cautiously optimistic.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Indiana
Montreal
Department of Agriculture
Nebraska
Oklahoma
Federal bankers go to conference in Ohio trip led by governors
M. B. Wellborn governor of the Federal Reserve Bank of Atlanta and Joseph A. McCord federal reserve agent departed for Cleveland Ohio to attend the annual group conference of the governors and federal reserve agents of the Federal Reserve Banks Cleveland Richmond and Atlanta.
MENTIONED IN THIS ARTICLE
Federal Bankers
M. B. Wellborn
Covernor
Federal Reserve Bank of Atlanta
Joseph A. McCord
Federal Reserve
Gleveiine
Ohio
Federal Reserve Asente
Federa Recerra
Gleveland
Richmond
Atlanta
Wheat Forecast in June Report Shows Big Drop
Washington reports a sharp drop in winter wheat production forecasts for June 1 conditions. The department of agriculture projects total all wheat at 1.405 billion bushels with various regional and crop breakdowns, noting declines from May estimates and presenting price quotes from Chicago markets.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Cotton Seed Oil Prices Edge Higher Then Fall Back
New York June market sympathy with higher provision price rallies. Cotton seed oil advanced early but faced commission house selling. Late netback shows prices 2 to 10 points lower. Sales 16,100 barrels. Prime crude 6,374 5.75. Trim summer yellow spat 7.40. July 97.52. September 7.73. December 7.82 bid.
MENTIONED IN THIS ARTICLE
New York
Sugar market quiet with mixed futures and refined prices
In Suger New York the market showed quiet activity with centrifugal sugar at 4.50 and Porto Ricos offered without sales. Raw sugar futures traded lightly with easier prices amid scattered liquidation. July at 3.04, Sept 3.01, Dec 2.80, refined values steady around 6.25 to 6.30, and a Sept futures lot at 6. Improved notes include Dixie Plant leadership change in Chattanooga with J T Lopton becoming president. coffee futures showed gains then realizations in New York. The North American Company announces a 1.25 dividend for stockholders of record June 15, 2021, payable July 1, 1041.
MENTIONED IN THIS ARTICLE
Suger
New York
Porto Ricos
Iuly
Coffee
Jane
North American Company
Braad St
J. F. Fogarty
Market notes show varied coffee prices and exchange rates
The report details fluctuating Santos coffee prices with late rallies, notes a price drop to near September level, and cites renewed demand from Brazil. It lists July to May future prices, plus small gains in the dollar-buying rate and rial changes. Rio de Janeiro offers and imports from Santos are also mentioned along with Brazilian port receipts and New Orleans-related clearance figures.
Also Mentioned on This Page
R. L. Barnum
Gina
Aleans Cotton
Prey
Jonent Izhitow
RAGE
Newark
Bremen
Gulf
American Exchange
Amrican Cotton and Grain Exchange, Inc
Toluy
Don
Sul
Diag Sa
Seeee
Sreman
Joes
Stadnor Shire
Rotterdam
Mildrecht
Ualeston
Havre
Hepira
Yokohama
Taketoyo Maru
Galvexton
Aalborg
Turbinia
Plutarch
New
Orton
Atock
Jaoné
Nmieslebam Castle
Galverton
Flushing
Dpersler
Santos
Kappael
New Orleana
Benneeland
Housatonie
Port Arthur
Atack
Ivexton
ATL
Stork
Poblie
Aghharlestons
Recelpta
Stock
Recelpte
Biuldling
Recelpth
Terveelpts
Philadelphia
Tecointe
Midilling
Houston
Memphis
Atoch
Augusta
Middle
GTI
Ste Toute
Uitte Hock
Enles
Otal
Datina
Mildline
Nies
Montgomery
Port Eada
Juve
Bleafold
Spain
Deteber Maru
Japan
San Francisco
Nicarna
Hon
Port
Oinoa
Tha
Tromuels
Tandon
Quimtatun
Tela
Calcutta
Senta
Jeahel
Cleafues
Tegueignion
Texen
Ac- Hor
Cristobal
Tuscan
Havana
W. van Dyke
Darden
Tampico
Helleplaine
Porta
Greece
Daniel Webster
der Davie
el Norte
Fagernen
Ital
Genoa
Wargenaler
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Buckleigh
Naples
Iune B
Sma
Iune
Tama ‘Spaulding
Jouisiana Tong
Ij Texan Triumvire
Virginia
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NEW York Bonds
Panama
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Hetblehem Steel
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Central Leather
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B, & Quincy
Mil
City of
Marine Ga
Kanena City
Ligcert
Myora Ga
Loulaville
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Missouri, Kan
Bas Dat
Missouri Pag
New York Central
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Northern Pacific
Tay Trenneylyinta
Republic Irons and Steel Fa
St. Boulg & San Fran
Adj
Fis
Southern Bel Seaboard Air Line
Southern Pacific Co
Southern Railway
Bee Southern Railway
Tevas and
Pacific
United Kingdom
RG T. A. Steel Hay
Wabash
Aon & Co. Co
Armour
Is. Ste
Tserne Fig . P
Onge
Adelelewe
Chile
Tenmark &Y Srt
Gondrich Ts
Yan Ma
TaCledr IA
W. Rettia
Norway
Pennsintnia
Gma
Tennsylvania
Southern “Railway
Pelea
Seaboard
Adi
Fs. Ae
Texan
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Imf
Anna Mneay
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Westinghouse
NEW York Stock Exchange
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Midvale Steel
Atierican Cap
Missouri Pacific
York Center
N. Ia
Blartford Life
American Internation Corp
Resese Loco
Norther Facifn
Pennsylania . & A
Wy Amer
Sumatra Tobacco
Inoue
W. Ya
Tal
Tel
Wits
Ct Tay
Fracenas
Myer
Baldwin Locomotive
Thi Ii Bey St Louis
TMG Baltimore Snd Oblora
Au Seaboard Air Line
We Ste
Bethlehem Steel
Bay, Seaboard Air Line
Caoundton Pacific
Qk Shell Trans
Trad
Aha Centra
Sinclair Oi
Wy Chandler Motors A Ae
Slogs
Sinclair Steel
Ire
Chesapeake and Ohi
Southern Pacific
Ft. L
Bt Southern Railway
Pia. d
Ptd
Chino Copper
Studebaker Corporation É
Ry Ry
Colorado Fuel and Iron
Cay
Tennessee Copper Texas Co
Texas and Pacific
Mae
General AB
Alt
Ao Union Pacifte
United Fruit
Great Northern
U. Ind
Gulf States Steel
Inspiration
United States Steel
TAY
Wy Int
Mer. Marine
Pfd
Ty International
Utah Copper
Internationa Paper
Oanadiin Corp
Invincible
Carolina Chem
BMG
Ed Kennecott Co
Union A
RTS AB Loulevile
Plashville
Tinehouse Electria
Willys-Overland
ATLA
Nowmal
Naval Stores
Yuney
Turpenuse
Anles
Rosin
Ceoelees
Jacksonville
Atocka
Lea
Metals
East St. Louis
T Weekly
Wervill
Sissiesippi
Hoover
Drouth
TW. Jay & Co
Curb Securities
Jung
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A.thiy
Telselon
Sweden
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Brazil
Casler
Bank Aeropioneer
Samson
Liberty Bonds
Victory
Cattis
Atockers
Sheen
Jones
Ateady
Easler
Louis
Industrials
Frey
Aizh
Close
Inter
Anglo
Elk Basin
Midwest
Salt Creek
Allied Packers
Cash Grain
Lailey
Timothy
Bt. Louis
Swift & Co
Dixie
Chattanooga
J. T. Lopton
Dixie Mercerizing Plant
J. H. Wilson
Hiewel
Exchange Place
Edward L. Patton & CO Cotton Brokers
Cestera Union Ff
K. X
Broad Street
W. H. Mkenna & Co
West 43Rd Street, New York
New Nive Stony
Cecil
Are
Cecil Hotel
John A. Manger
Messrs. Anderson
Rountree & Crenahaw
Atlanta, Ga
G. L. Miller & Company
G, Miller & Company
Tee Hart Building
G.l.miller & CG. Incorpors
HVAT
Atlanta. GA
Hubbard Bros. & Co
Hanover Square
Brzil
Ytia
Odas
Rio Vintoria
Santas
Sant Inter
King-Blackburn Company Investment Securities
Candler
Ivy
Call Belle Isle Taxicae Federal Tax Service
Bureau of Internal Revenue
Ressopabla
Chenta
Newton
Kenerson & Company
Cities Service
Henry L. Doherty & Company
Hurt Building
Atlant
Ivy Street Cotton Market
Copper Securities
Rose & Company Investment Bankers
Broad St
National City Company
Peachtree St