New Advances Amid Profit-Taking In New York Stocks
Heavy profit-taking checked the early advance in industrial stocks in New York trading today, while rail shares surged on strong demand for high grade carriers. Seaboard Air Line hit an eight-year high as 22 rails reached new year peaks. United States Steel eased, and General Motors slipped amid quarterly dividend news. Demand for call money rose to 3 percent, dampening some industrials, with time money steady and foreign exchange showing little movement.
MENTIONED IN THIS ARTICLE
New York
York Central
Frisco
Wabash
Rock Island
Katy
Great Western
Missouri Pacific
Western Pacific
Kansas City Southern Seaboard Air Line
Baldgwin
American Sugar Refining
DuPont
General Electric
United States Steel Common
American Smelting Common
Preferred
Montgomery .Ward
H. BR. Mallinson
Corn Products
American Radiator
U. S. Gastron Pipe
Simms Petroleum
American Tobacco
Westinghouse Air Brake
Ron Products
Maxwell Motors
General Motors
Fedederal Reserve Bank
Prices fixed in bond market in semi speculative railroad bonds
New York trading showed active semi speculative railroad bonds despite high call and time money rates. Profit taking trimmed the general railroad price average while low priced rails drew renewed interest on earnings outlook and merger hopes. Gains of about 1 to 2 1/4 points were noted in St Paul Peoria Eastern Chicago Great Western Frisco Wabash and International Great Northern issues. High grade convertibles rose with rail stock strength, while Liberty bonds softened as money rates stiffened. Foreign bonds were little changed with Serbian 83 and Cuba 61-28 trading near year highs.
MENTIONED IN THIS ARTICLE
New York
St. Paul
Peoria
Chicago
Great Western
Frisco
Wabash
International Great Northern
Cuba
Declines Seen in Cotton On Heavy Southern Sales
Cotton futures in New York and New Orleans traded with a mixed tone as traders covered and sold against expected government crop reports. January slipped from 23.91 to 22.07 with late losses, while December and March also fell from earlier highs. Spot markets showed varied declines, aided by forecasts of large exports and cooler Western belt weather amid ongoing hedging and selling. Exports reached 16,567 bales, with total season movement climbing to 2,192,295 bales.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Howver
New Orleans
Texas House
Texas
Memphis
Commission Honges
Eivingston & Co
South
Bank Clearings and Cotton Quotes Feature Atlanta Market
Atlanta bank clearings reach 9,914,291.52 dollars with year-ago 9,473,917.39. Industrial notes show Bethlehem Steel and Midvale Steel under pressure, while Winnipeg Electric Railway bonds and Cities Service Power and Light issues move forward. Cotton quotes by the US Department of Agriculture announce steady middling prices across listed cities and regions.
MENTIONED IN THIS ARTICLE
Atlanta Bank Clearings
Cotton Quotation Service
United States Department of Agriculture
Atlanta
Cantler
C. Attalla
Ala
Hufauln
Selma
Ateict
Dublin
Cotton market roundup with regional prices and totals
The report lists middling cotton and receipts from New Orleans through New York, detailing shipments and stocks by city and region. It notes Liverpool price levels, futures bids for November through May, and New York cottonseed oil futures with daily closing bids and sales.
Metal prices and cotton market report from New York
Copper firm with spot and futures at 53.37 and 53.37. Lead steady at 0.65. Zinc firm at East St. Louis spot and futures around 6.60. Antimony spot at 12.37. Cotton steady 15 points down with sales 1,408 spot and 950 arrivals. Low middling 20.00, middling 22.90, good middling 23.40. Receipts 12,704 and stock 291,478.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Mobile
Sargonah
Wharieston
Wilmington
Norfolk
Balthmore
New York
Liverpool
Futurea
East St. Louis
Market News and Views from New York November 6
The market advanced in forenoon trading then showed profit taking and cautious buying in the afternoon. Rail stocks led gains while industrials softened. Woolworth weakened as dividends and earnings reports dominated the day. Call money rose to 3.14 percent with investors favoring rails and utilities amid election outcomes.
Cotton Market Opens with Declines on New York Exchange
U S Daily Cotton Review from Washington reports New York cotton prices opening lower by 12 to 31 points with December futures at about 22.91 cents. Liverpool December at 1291 pence, New Orleans Dec around 22.85 cents. Spot middling around 22.70 cents, with 29,471 bales sold in 10 designated markets. Weather and demand notes mention a cold northwest wave and tepid domestic buying.
MENTIONED IN THIS ARTICLE
Washington
New York Cotton Exchange
Liverpool Cotton Association
New Orleans Cotton Exchange
New Orleans
South
Liverpool
New York
Ines
Decrease in U S crude oil output reported for week
New York reports the American Petroleum Institute weekly summary showing U S crude oil production fell by 13 000 barrels daily for the week ending November 1 to 1 944 100. Regional declines and gains are listed. imports and rail coffee futures also noted with multiple market figures and price movements.
MENTIONED IN THIS ARTICLE
New York
United States
American Petroleum Institute
California
Oklahoma
Kansas
North Texas
Central
Texas
North
Louisiana
Arkansas
Gulf Coast
Eastern
Wyoming
Montana
Colorado
Wall Street
Fried & Company
la Follette
Coolidge
Beijing
Stock Exchange
Federal Reserve Bank Combined Statement Summary
Combined statement lists assets and liabilities of the twelve Federal Reserve Banks. Highlights include gold reserves and various U.S. government securities, deposits, and notes in circulation. The report shows total resources and total liabilities with a ratio of reserves to deposits and notes, reflecting the system's financial position.
Investors Should Reconsider Callable Bonds Now
A 1924 New York Evening Post analysis notes $73 million in bonds due for retirement this month, with about $64 million whole loans and $9 million parts. It urges investors to inspect redemption provisions, reassess high coupon bonds, and plan reinvestment timing to avoid lost interest when bonds are called.
Raynor Pleads Guilty in 1920s Brokerage Fraud Case
New York November 6 Dewitt C Raynor one of nine stock brokers indicted for defrauding via mafia links pleaded guilty after jurors were selected The Raynor Nicholas Truesdell curb brokerage failed for 4 million in 1922 Other defendants include William S Silkworth Blaine J Nicholas Early H Truesdell John H McQuade Edward A McQuade Francis Quillan Louis Gibough and Peter Owens Counsel for Silkworth argued Raynor caused the firms collapse and his partners were victims, claiming Silkworth had no knowledge of the illegal operations.
MENTIONED IN THIS ARTICLE
New York
Dewitt C. Raynor
Federal Grand Jury
Raynor
Curb
Nicholas & Truesdell
William S. Silkworth
Consolidated Exchange
Blaine J. Nicholas
Early H. Truesdell
Pactnera
John H
Edward A. McQuade
Francis XX. _Quillan
McQuade Brothers & Quillan
Louis Gibough
Waya and Means
Consolidated Stock Exchange
Peter Owens
Raynor, Nicholas &Truesdell
Consolidated
Gilbough & Silkworth
Silkworth
Notable gains in wheat markets on export demand
Chicago on November 6 reported fresh upturns in wheat prices with strong export demand to Europe. December and May futures rose while cash grain in Chicago and other markets showed mixed gains. exporters moved large quantities to Europe, and Western shipments expected to shrink as local supply tightens.
MENTIONED IN THIS ARTICLE
Chicago
Europe
Winnipeg
Duluth
Northwest
Oata
Regular Statement of Resources and Liabilities at Atlanta Reserve Bank
The Federal Reserve Bank of Atlanta reports its statement of resources and liabilities for close of business November 5, 2024. It lists gold reserves and settlements, non-reserve cash, bills discounted, bills bought in open market, treasury notes and certificates, total assets, deposits by member banks and government, and total liabilities. The data include totals like total reserves, total deposits, and overall reserve ratios, with figures showing gold and non gold components, and contingent liabilities.
MENTIONED IN THIS ARTICLE
F.rb
UGG
Desits
F. BR
Wedersl Reserve Bank of al Ianta
Federal Reserve Bank of Atlanta
Federal Resere
Cesvesry
U. B
2. S
Treasury
Feraher Bank
Poatt
F. i
Wall Street firms foresee split of American Can above $100 a share
The Day in Finance reports heavy out-of-town buying and profit-taking on the New York stock market. Speculators expect American Can to be split into four new shares for one, with a $3 dividend on new shares, while Willys-Overland cuts prices by 140 dollars on a closed model. American Radiator sets a 50 percent stock dividend and calls a December meeting to authorize a large capital increase. Rail shares rise on merger hopes, with a Nickel Plate meeting planned and a general committee meeting called next week.
MENTIONED IN THIS ARTICLE
Fennel & Hkc
New York
American Wool
T. X
Davison
D. P
Sugar
Studebaker
Woolworth
Atock
Stock Exchange
Wall Street
Coolidge
Congress
Senate
Can
Willys-Overland
Realizing checks advance in curb market rally
New York November 6 Realizing sales checked the rally at the opening of today’s stock market, with most active shares sliding within a narrow range. Oil issues failed to respond to higher Gulf Coast crude prices and a $1 extra dividend on Vacuum Oil. Public utilities softened a firmer tone as Defor est announces a 21 per share public offer tomorrow.
MENTIONED IN THIS ARTICLE
New York
Gulf Coast
American Light and Traction
Rallio Group
Ford Motors
Canada
Also Mentioned on This Page
Indus
Bethlehem Steel
Midvale Steels
Winnipeg Hilectric Railway
Toronto
Cities Service Power and Light Company
Henry L. Doherty
Santerprises
Dillon, Read & Co
Heads & Syndicate Anclet
Weno Ee
Gnue
Danis
Cord
Ai Ae
St. Loui
Honaton
Little Rock
Ladalock
Dallas
Sali Montgomery
Gale
T. W. Hughes
Parsons
Broad
Livingston & CO
Agale
I'riseasauea
Warbash
Tecm
Baldwin
Post & Flage
Linrean
Ellis
New Orlenne
Sahrarish
Bureau
Fenwee & Beane
Kew Qricans
Outa
BD Bros. & CO. Z
U. S. Daily Cotton Review
Oavis Bros. & CO
Fenples
National Bank of
Lonyera
Sprenes Dent
BEER
Curran & Co
Correspondenta
Bates
Cossick Bureau
Lkely
Southwest
Country Produce
Iime
Californie
Atlantic
Peanet Muaubanees
Brasil
Eos Barieres
Naror
Ticto & Aarrel
Pensylvania Crude
Bradford
Distei
Federal Reserve Bank
Fedral Reserve Banks
Federal Reserve
Federal Reserve Board
Dader Wee Vee
U. 8
Lyercee
Wwe
Hesina
Paul Willard Garrett
N. Y. Evening Post, Inc
St. Louis
Gore
Kansas City
Atlanta Reserve Bank
RL. Barnum
Well Street
Naval Stores
Saynonsh
Tosin
Atack
Chienzo
Ibe
Hellies
ST. Andrews Bay
St. Andrews
Walter C. Sherman
Miper C. Keith
United Fruit Company
Moorea Timber Company
Satsuma Orange Belt
Florida Industrial Company
Je In
Ite
Messrs. Ernst & Ernst
King, Blackburn
Candler
Atlanta, GA
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