Industrials and Rails Rally After Nervy Start on Wall Street
New York, June 21. Industrial and railway shares regained 1 to 2 points, with Northern Pacific near 3 and As phalt, General Electric, Studebaker up 4. Margin calls after yesterday’s panic sparked early selling, but banking support and improving conditions spurred a recovery. Reports show altered liquidity, dividend news, and rail stock fluctuations as markets stabilize amid cautious optimism.
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New York
Northern Pacific
General Electric
Studebaker
Stock Exchange Houses
Sugar
United States Steel
Baldwin
Bears
Wheat rises on dry reports across belt and France
Drought in the domestic spring crop belt and in France spurs buying as wheat, corn, and oats gain. July wheat at 1.28 1/2 to 1.29, September 1.23 to 1.23 1/4. Dry conditions cited from Aberdeen SD and France drive bullish sentiment, with export talk and weak rains limiting recovery.
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Chicago
France
Prassigne
Avas
Southwest
Ilinois
Indiana
Ohio
Royston Bank Admitted To Federal Reserve System
Joseph A. McCord, chairman of the board of the Federal Reserve Bank of Atlanta, announces that the Royston Bank in Royston, Georgia has been admitted to membership in the Federal Reserve System. The London market notes tariff and discount rates, with 4 percent money and 5 percent short-term bills, as part of the financial report.
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London Money
London
Ce Royston
Joseph Aa. McCord
Federal Reserve Bank, of
Atlanta
The
Ton Bank
Royston, Ga
Federal Reserve System
Cotton Market Rallies With 23 Point Net Advance
New York June 21 The cotton market steadied after recent declines with futures up about 23 points and 62 points above yesterday’s lows. July rose to 11.00, December to 12.24, aided by stronger Liverpool cables and improved demand from India, while New Orleans saw early gains but later narrowed.Exports reached 15,084 bales today. port stock stood at 1,630,684.
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Weather Bureau Tomorrow
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Cotton Movement and Market Summary Across Ports
Reports detail port receipts exports and stocks for New Orleans Galveston Norfolk and other hubs with totals for the season. Prices show mixed trends with New York and Liverpool closes and futures steady to firm amid quiet demand for cotton oils and grains.
Market Rally After Stocks Rise In New York
New York June 21 The stock market’s decline paused as United States Steel led gains and many leaders recovered 1 to 4 points. Strong buying in odd lots, eased money rates, and belief the reaction had gone too far spurred a market rally with total sales around 10.7 million shares. Leaders included Canadian Pacific Northern Pacific Great Northern Union Pacific and others in rail and oil.
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Riefly
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New York
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Ik T. Lous
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Trne
Canadian Pacific
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Wellnin
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Southern Pacific
TOY
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Ste
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Lst
Professional Views on Cotton Situation
New York reports an uptick in market movement as contracts sold are covered and demand improves. Securities prices rise, some commissions scale down buys, weather is fair, and the English labor strike dampens trade. A shift in sentiment is anticipated as abroad news becomes more reassuring and cautious optimism grows.
MENTIONED IN THIS ARTICLE
New York
Standard Oil Cuts Gas Price by Half Cent
New York June 21 The Standard Oil Company of New York announced that the wholesale price of gasoline has been cut to 24 cents a gallon, a reduction of one half cent.
MENTIONED IN THIS ARTICLE
New York
Standard Oil Company
Atlanta Shipments and Stock Bales Report
Readable OCR notes show shipments and stock levels in bales for Atlanta. Details unclear on dates, quantities, or destinations. core facts indicate inventory movement and bale counts within the Atlanta area.
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Atlanta An
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