Cotton Market Dives and Rallies Ahead of Election in New York
New York November 3 The cotton market stayed quiet until pre election day cover trades pushed January to 23.35 and March to 23.01 before closing. Spot prices in New York were steady near 23.75, while New Orleans reports showed gains as traders priced in large crop estimates and election odds for President Coolidge.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Scember
New Orleans
Chicago
J. Coolidge
Neal
Wall Street
Coolidge
Cotton Statement From New Orleans to New York
New Orleans reports middling at 23.00 with receipts and exports totaling over 2 million pounds across ports in Mobile Savannah Norfolk and Houston. Week totals show 107,082 receipts and 330.41 exports with season figures and interior movement across Memphis Augusta South Houston and Atlanta. In New York, cottonseed oil markets steadied with improved cash demand and futures closing higher by 6 to 8 points on active trading.
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New Orleans
Tock
Mobile
Reek
Savanna
Charleston
Atock
Wilmington
Stock
Norfolk
Middling
Rultbnore
New York
Heston
Houston
UBT
Memphis
Augusta
Ator Fe
Atlanta
Dalian
Wales
Market Moves and Election Bets Signal Fresh Demand
An active first hour gave way to a dull afternoon on New York trading floors as American Can led gains to year highs and Lonnie-Wiles posted a yearly peak. Rail stocks, cotton notes, and textile indicators showed strength ahead of election results and weekly carload data, with Coolidge odds driving sentiment and buyers seeking value on improving trade prospects.
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New York
Het
Lonnie-Wiles
New York Central
S Thatan
Great Northers
Atchison
Union Pacific
Canadian Pacific
Coolidge
New York City
Unsettled Wheat Market Amid Election News and Visible Supply
Chicago and other markets show a downtrend as US visible wheat supply nears 90 million bushels. Prices move erratically with December and May contracts lower, corn mixed, oats variable, and provisions mostly unchanged amid election day trading and international demand shifts.
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Chicago
United States
Ocean Passage
Winnipeg
National Steel Car Lines Company Trusts Backed by Tanks Cars
A 56 million issue by National Steel Car Lines Company is guaranteed by Sinclair Consolidated Oil Corporation yet operates independently, financing tank cars and other equipment. The certificates are secured on 5,247 standard steel tank cars with title held by a trustee and lease payments covering the issue. The trust bears 6 percent, matures 1925 through 1932, and offers yields from 4.25 to 6.00 percent.
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National Steel Car ,Lines Company
National Steel Car Lines Company
Sinclair Consolidated Oil Corporation
Sinlair Corporation
Sinclair Corporation
National Steel Car Lines
Sinclair
Mike
Equipmenta
Markets at a Glance New York Stocks Irregular
Markets at a Glance New York reports irregular stock movements and demand for food shares as bonds hold steady. UK issues near 1923 highs. foreign exchange ease with sterling slightly down. commodities show mixed changes. Wheat and corn edge lower in Chicago, hogs strong with broad demand. cotton higher on trade buying. Provisions in Chicago firm with lard at 15.12 and ribs 13.25.
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New York
United Kingdom
Chicago
Power and Light Bonds Types and Investment Value
The article reviews power and light company structures, distinguishing manufacturing, distributing, self contained, and interconnections. It explains how large firms separate production from distribution, the role of wholesale energy, and the impact on bond strength. Interchange and pooling form regional super power systems, boosting earning power and security appeal.
U S Daily Cotton Review Tonsmattered prices reflect declines
U S Daily Cotton Review reports New Orleans and New York cotton futures opening lower with December contracts sliding 1 to 16 points. Prices opened at 22.75 cents and 22.69 cents, with late session around 23.03 cents. The report notes comparisons to prices a year earlier and middling spot averages.
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Washington
New York Cotton Exchange
New Orleans
Cotton Exchange
Wall Street Weighs Election Impact on Markets and Cotton Crop
In New York the day’s trading showed irregular moves with Cast Iron Pipe at a record high and Cayamel Freit at a new low. Traders await Wednesday’s market reaction tied to Coolidge’s election, expecting profit taking but possible support from easy money. The Journal of Commerce forecasts a cotton crop near 13 million bales, with October weather ideal and demand from foreigners strong at current prices. Spot cotton in 10 markets sits around 22.83 cents per pound, while New Orleans middling stands at 23.00 cents.
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Fenner & Beane
New York
Manchester
Xora
Liverpool
Toyo
Oavis Broe
Wall Street
Journal of Commerce
Cayamel Freit
Harvester
Willys-Overland
London
Coolidge
Financial
House
Senate
Serres-Roebuck
Snes Ee Ee
New Orleans
Houston
Southern Mills
Linehcotton
Upward Trend Shifts Curb Market Focus
New York reports a cautious curb market day with no price gains overall while activity leans upward. United Bakeries hits a record high then slips. Radio shares mixed as Tower Manufacturing gains and Du Biliers fall. Cities Service leads oil group with an 11 point jump. utilities retreat and several pipe line stocks slide. Turpentine and related commodities list mixed prices and receipts in Savannah, as London money markets show modest discount and rates.
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New York
United Bakeries
Wari Baking
Dubilier
Janes Radio
Commonwealth Power
Pittsburg
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Livingston & CO
Tony Wall Street
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U. S. Daily Cotton Review
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Jondon
Cates Hart Villa
Ala
Southeastern Compress & Warehouse Company
OW Operatin
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Forsyth Building
Atlanta, Ga
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