Liquidation Drives Bear Raids In Early Market
New York stocks opened steady then improved but share losses persisted in steel and tobacco, with United States Steel at a new yearly low. American Locomotive and Sears Roebuck fell, Crucible opened down after dividend cut, and Texas Company sank after an ex dividend. Sugar firms cut refined sugar prices again while banks note low rediscount rates and large upcoming maturities threaten liquidity.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
United States Steel
American Sumatra
American Locomotive
Sears-Roebuck
Chesapeake and Ohio
Crucible
Texas OW
Call
Louisville
Nashville
Interstate Commerce Commission
New York Federal Reserve Bank
Boston
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Great Northern Pacific
Pennsylvania
San Antonio
Arkansas Pass
Southern Pacific
Steel Tube of America
Brooklyn Rapid Transit
Financial District
Wall Street
National Credit Men's Association
Federal Reserve Bank
Portland
Europe
Shipping Board
St. Louis Dispatches
Internatonal Fur Exchange
Federal Reserve Board
Sharp Declines Hit Cotton Market In Week
New York reports show July and October cotton futures hitting new lows for the season as declines intensified through the week. Weather conditions and British labor talks influenced trading, with no sustained buying support despite earlier crop concerns and a May domestic mill consumption figure near forecast.
Export Restrictions On Cotton Blamed For Unemployment
Madrid reports the labor minister told the senate that U S and British export limits on cotton have left about 200000 Spanish workers unemployed. Washington officials insist U S cotton shipments to Spain have continued normally and cite higher total exports for the past ten months.
MENTIONED IN THIS ARTICLE
Madrid
Senate
Sedl
United States
Great Britain
Washington
Spain
Atlanta Girls Leave for Y W C A Meet
Twelve Atlanta girls from the industrial department travel with Miss Elaabelle Goss and Miss Lucy Marvin Adams to Brevard North Carolina for the Y W C A South Atlantic Field Industrial conference set June 12 to 28. Delegates include Cora Anderson Laula Nixon Elsie Gunckel Mamie Beatty Beulah Land Bessia McAlpin Mary Hell Mattie Terrell Sarah Lackey Laula Bell Robinson and Mary Fox a Cartersville teacher active in Y W C A work.
MENTIONED IN THIS ARTICLE
Atlanta
Young Women's Christian Association
Elaabelle Goss
Lucy Marvin Adams
Brevard
N. GC
Cora Anderson
Laula Nixon
Elsie Gunckel
Mamie Beatty
Beulah Land
Bessia McAlpin
Mary Hell
Mattie Terrell
Sarah Lackey
Laula Bell Robinson
Mary Fox
Cartersville, Ga
Organ Recital Sunday by City Organist Sheldon
Charles A. Sheldon city organist, will give a Sunday recital at the Auditorium at 4 pm assisted by Miss Lal louise Smith violinist and Miss Hazel Woods pianist the program is free to the public and includes works by Alfred J. Silver Vieuxtemps and others with performances by Miss Smith and Miss Woods and several named pieces
MENTIONED IN THIS ARTICLE
Charles A. Sheldon
Lallouise Smith
Hazel Woods
Alfred J. Silver
Miss Lilloniae
Griex
Sforgenstimmung
D'Ambronia
Mise Stithniasia
the Clown
G. D. Nevin
Indolt Frimt
Twitight
Brehbins
Tomaonce
Daqcle
Miss Smith
General Stock Decline Across Markets and Sectors
New York on June 17 reports widespread stock losses across all major divisions as liquidation and short selling push prices down. Traders cite weak Crucible Steel and a setback in United States Steel, with gains in short covering fading into a late session downturn. liquidity improves modestly with car money at 5.12 percent, while foreign exchanges strengthen and Liberty bonds fall.
MENTIONED IN THIS ARTICLE
New York
Met
Stock Exchange
Louisville & Nashville
Crucible Steel
United States Steel
Chemicala
Bross
Louisville
Nashville
Chesapeake & Ohio
Market Report From New York and Chicago June 17
Country Produce New York June 17 Nutter firm creamery higher than ext. creamery extras 02 score 33e firsts B8 OL score oe F2Ke Egee irregular fresh gathered Zirate 244 GAT ta Cheese firmer average row Lie ile Live poultry firm broilers 40 60c fowls 18c dressed quiet minces unchanged Chicago June 17 Poultry alive lower fowls 25c roasters 18c Louis June 17 Springs 3Rc others unchanged Butter and eggs unchanged
MENTIONED IN THIS ARTICLE
New York
Chicago
Louis
Springs
Granulated Sugar Drops to Five-Year Low
New York June 17. The Federal Sugar Refining Company lowered the fine granulated sugar price by 15 points to 5.60 cents per pound, establishing a new five year low.
MENTIONED IN THIS ARTICLE
New York
Federal Sugar Refining Company
Chesapeake and Ghio Passes Dividend Deferred Again
New York June 17 Directors of the Chesapeake and Ohio railroad today again deferred its quarterly dividend. The delay affects shareholders awaiting income as the board reviews earnings and finances.
MENTIONED IN THIS ARTICLE
Chesapeake and Ghio
New York
Chesapeake and Ohie Railroad
Demurrer Sustained in Bank Litigation in Americus
In Americus Georgia on June 17 the Georgia Supreme Court sustained a demurrer in L G Council, receiver for the Bank of Southwest Georgia, versus Charles L Ashley and others, directors of the defunct bank. The suit sought 75000 for alleged mishandling. ruling likely ends the case. Receivers to creditors mailed checks for an 8% dividend, bringing total paid to creditors to 48.5 percent since the bank suspended years ago.
MENTIONED IN THIS ARTICLE
Americus
Supreme Court
L. G. Council
Bank of Southwest Georgia
Charlies L. Ashley
W. E. Brown
W. A. Dodson
N. 3. Dudley
Thomas Harrod
H.R. Johnson
A. A. Arrington
Council
Torrid Weather Sends Wheat Up
Chicago June 17 torrid weather pushed grain values higher with July at 1.31 1-2 and September 1.24 3-4. Corn rose to 2 3-8—2 3-4 cents. Provisions unchanged to higher amid forecasts of continued heat and Missouri threshing results. Raw sugar trading showed modest activity as concerns over drought supported futures and refined prices eased. Coffee futures declined before a rally amid cover and new buying. Brazilian port receipts listed with Jun 27 dates and Rio de Janeiro exchange noted.
MENTIONED IN THIS ARTICLE
Allied Chemicals
Ityne American
Amer
Hide. & Leather
I Nternational’ Corp
X ‘Refining
Sain Tdm
Atlantic Coast Line
Gulf & West
Baldwin Locomotive
Daltimore and Ohio
aDary Bethlehem Stee
Canadian Pacific Ve Roe
Central Leather
Chandler Motore
Chesapeake and Ohio
Chicago, Mh, & Bt
Nirago
Ystand
Chino Copper
Coca-Cola
General Electric
Great Northern
Alt States
International Nickel
Kennevett
Louisville
Nenantio
Miami R
Middle States
Chicago
Missouri
Gulf of Mexico
Dan's Business Not Back to Normal
New York stock and business note that activity remains repressed as half year ends. Inventories and accounting prep rise while holidays influence behavior. Despite some conservative revival after a year of price declines, a broad recovery remains deferred. Weekly bank clearings reach $6,548,279,090.
MENTIONED IN THIS ARTICLE
New York
Dan
White potatoes recall misread market bulletin
A garbled OCR item lists potato market figures for Chicago and Virginia with scattered figures such as 222.10 and 98.850.40, mentioning wartime prices and a coralina reference, but the exact details are unclear due to errors in the text.
MENTIONED IN THIS ARTICLE
Chicago
Warther White
Virginia
Cotton Statement Port Movement Summary
New Orleans and coastal markets report middling prices from 10.00 to 11.40 with receipts and stocks tallied. Interior movement shows Houston Memphis Augusta Louisville Atlanta Little Rock and Montgomery entries with varied shipments and stocks, totaling receipts 10 22 086 and stock 811 610.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Wales
Savannah
Salon
Charleston
Wilmington
Boston
York
Porte
Houston
Memphis
Uuu
Augusta
Bu Loule
Atlanta
Little Hock
Allie
Montgomery
State Bureau of Markets
State Capitol
Oranger
California
Florida
Johnson
Bae
Bank Clearings And Quotations Of Local Markets
Local market report lists bank clearings and commodity quotations with partial figures for Atlanta cotton seed products and meal. Entries mention prices and quantities for various items such as pet, ammonia, corn, and hulls in unclear formatting.
MENTIONED IN THIS ARTICLE
Atlanta
Tianta
Cicde
Basia Prime
British Miners Attitude Triggers New Low Records
New York June 17. There was renewed selling in the cotton market sending October to 11.86 a new life of the contract low and December to 13.05, a new low for the season. Rallies followed on covering and trade demand but failed to sustain, with late selling driving prices lower before a partial rebound. News of British coal miners voting against terms and later drift back to work influenced the day’s flow as traders assessed short term supply and demand.
MENTIONED IN THIS ARTICLE
New York
Manchester Mills
Bureau
Weather Bureau
Wall Street
Rio
Maren
Santos
Rin
Victoria
Enbdlea
Huo Exchange
London
Jundiahy
American Exchange
American Cotton and Grain Exchange
FEY
Liverpool
Lancashire
Western
Port Receipta
United States
Dee
Hubbard Bros. & CO
Anchester
Susta
Jevela
Orvis Brothers & Co
New York Cotton Market Quiet as Strike Impacts Prices
New Orleans reports New low levels for the season with heavy liquidation. July futures slide to 10.61, with net daily losses 33 to 57 points. Early gains failed as selling pressure from British coal miners’ strike boosted the decline. Spot cotton in New Orleans quiet at 25 lower. transactions limited.
Monthly Cotton Seed Products Report Reveals Production Totals
The census bureau reports for August 1 to May 31 total cotton seed crushed 3,892,951 tons, crude oil 1,249,224,928 pounds, refined oil 1,068,722,042 pounds, cake and meal 1,723,191 tons, linters 423,805 five hundred pound bales, with on hand amounts and export figures. Exports include oil 285,424,607 pounds and cake and meal 206,993 tons, with lintery at 41,415 running bales.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau
Linters
Auto Trade Picks Up In Waycross After Price Drop
In Waycross Georgia on June 17Spex classThat a cut in prices will largely affect the amount of sales so clearly demonstrated in Waycross in the automobile business Local dealers say business has picked up remarkably in the last few weeks since the drop in prices.
MENTIONED IN THIS ARTICLE
Waycross
Dusiness
Cotton Market Reports From New Orleans and New York
New Orleans reports a low market with the lowest season prices amid British coal strike tensions and forecasts of erratic futures. US and European demand rises, fertilizer use expected to boost crop prospects while a potential frost looms. Signifies renewed depressions and cautious buying.
Liverpool Cotton Spot Prices and Futures
Liverpool reports spot cotton prices eased with good middling at 8.52 and ordinary 4.47, sales of 3,000 bales including 2,109 American. Futures closed barely steady with January 8.41 and May 8.01. Weekly stats show American totals and exports, with totals hinting at large American stock and import figures.
MENTIONED IN THIS ARTICLE
Liverpool
Minx
Stork
Amerie
Cotton goods and markets in unsettled trade
New York raw cotton declined and unsettled the day with declines in some cotton goods. Wool markets were set for tariff changes but tended toward firmness. Men's wear and dress goods held firm while raw silk remained steady.
MENTIONED IN THIS ARTICLE
New York
Cotton Seed Oil Prices Jump on Census Demand
New York June 17 Cotton seed oil moved higher as urgent shorts bought on a bullish census report for the month. Closing bids rose 20 to 87 points with 10 100 barrels traded. Prices at July 7.03 September 7.97 December 7.90 are noted.
MENTIONED IN THIS ARTICLE
New York
Shorts
Pritia Ae
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James E. Grey
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