Cotton Futures Rise as Stocks Fall and Bond Rates Edge Up
In New York on August 8, cotton futures jumped ten dollars per bale, the day’s standout move amid broad stock declines. Wheat and corn futures also gained, while stocks fell on renewed selling and worries over economic policy. Major industrials tumbled though some issues such as Bethlehem Steel and Electric Boat rose. sentiment blamed weak stock market for a broader correction. Banks expanded loans, funds remained available, and cotton benefited from a government crop estimate of 13,497,000 bales, below private forecasts. Foreign exchange held firm with London cables topping 4.86 dollars and French francs quoted around 3.91 cents.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Coolidge
Bethlehem Steel
Lima Locomotive
Paramount Famous Players
Sterling Products
Allied Chemical
Brooklyn Union Gas
Collins and Aikman
DuPont
Houston Oil
International Harvester
National Surety
Timken
General Motors
Point
U. S. Steel
Ralls
Atchison
Atlantic Coast Line
Erle
St. Louis Southwestern
Union Pacific
Wabash
New York Federal Reserve
Sterling
London
Your Money Problem by Harland H Allen
The tale shows Jill, wife and family treasurer, saving money through frugal choices in clothes and food to fund a house via a company that builds homes with down payment and rent. After months of economy she deposits the initial sum, prompting neighbors to remark on Jack’s house built by Jill’s thrift.
MENTIONED IN THIS ARTICLE
Wack
Jill
Jack
Jil
Jim
Jeck
Grain prices surge in Chicago markets with wide gains
New high price records were set across grain markets today led by wheat rising about six cents a bushel. Trading surged in all pits as temperatures cooled in Canada and frost warnings emerged in North Dakota. Opening quotes placed Wheat Sept 187 1 4 to 1 2, Dec 141 3 8 to 10 1 3, Corn Sept 108 5 4 to 100 1 8, Dec V3 to 114, March 116. Oats Sept 47 1 8 to 1 4, Dec 50 3 8 to 1 2, March. Net gains: wheat up 4 to 8 3 8c, corn up 2 1 2c to 3 7 8c, oats 3 4 to 2 cents, provisions steady to up 45c.
MENTIONED IN THIS ARTICLE
Chicago
Aus
Associates
Presa
Canada
North Dakota
Treasury daily balance report shows General Fund total
The daily Treasury statement for August 8 records Balance General Fund at 160 343 306.17 dollars. The report lists the day’s available cash and reserves across federal accounts, reflecting government liquidity.
MENTIONED IN THIS ARTICLE
Washington
The
U. S. Treasury
Balance General Fund
Wall Street News Notes 1927 Industrial Signals Rise
A busy Wall Street news brief notes July and year-to-July gains in cotton cloth production sales and shipments versus 1926, plus July stocks and orders. It covers bank capital increases Nash Motors and Skelly Oil profits, Western Union, Brockway Truck earnings, Public Service gains, and management advisory efforts. Proxies for Standard 611 Corp seek cap ital raise. Other items include Lehman Brothers stock offer and Weber Heilbroner assets deal.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Association of Cotton Textile Merchants of New York
Clearing House News Brief From New York Market
Clearing House figures show exchanges totaling 461 million dollars with balances around 87 million. Announcement by Associated Press notes market activity in New York as of August.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Foreign Investment Holdings Rise Since 1913 Across Regions
A historical comparison shows American holdings of foreign bonds surged from 2.6 billion in 1913 to 68.6 billion today. Europe leads with 3.7 billion in bonds, Canada at 93.5 billion, and South America at 81.9 billion. Mexico’s decline is linked to unstable policy. American investors now hold five foreign bonds for each dollar a13 years ago.
MENTIONED IN THIS ARTICLE
Europe
South America
Cuba
Mexico
Central America
Ite
Canada
Curb shares fall under barrage of selling pressure
New York Aug 8 Selling pressure was heavy in the curb market today with rallies only brief. Notable dips hit several favorites as Royal Baking Powder fell sharply and Johns Manville along with Derreend lost ground. Glen Alden Coal advanced briefly then closed up and a few issues like American Rolling Mills and Metropolitan Chain Stores showed strength amid the broad weakness.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Standard Oil of Indiaina
Glen Alden Coal
American Rolling Mills
Metropolitan Chain Stores
Nessner, Brothers and
Brockway Motors
Alog
Royal Baking Powder
Johms Manville and
Derre End Company
Grand Stores
Commercial Solvents
New
Richmond Radiator
United Artists Theatres
Philip Morris
New York Central
Bank and Insurance Stock Quotations
Bank and Insurance Stock Quotations furnish market updates on bank and insurance stocks. Quotations cover listed banks and insurers with price changes and trading activity.
MENTIONED IN THIS ARTICLE
Bank and Insurance
New York produce prices Aug 8 potatoes to eggs
Potatoes steady receipts 66 cars Long Island No 1 cobbrera per 150 Ths 3.00 to 3.50 Cabbages steady Long Island white and savoy per barrel 1.00 to 1.25 do Ted 1.50 to 2.00 Butter firm receipts 3783 Creamery higher than extras 41 to 41 1 2 creamery extras 40 1 2 creamery firsts 38 to 40 packing stock current make No 1 31 to 32 Do No 2 30 Eggs firm receipts 6260 Fresh gathered extra firsts 28 to 30 fresh gathered firsts 25 1 2 to 27 fresh gathered seconds and poorer 22 to 26 Nearby and nearby Western hennery whites firsts to average extras 30 to 40 near by pullets 26 to 28 nearby hennery browns extras 35 to 30 Pacific east Whites extras 38 do extra firsts 35
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Alamada Lealie
Staten
ASY Heduetion
Ajax
Miner Ritts
Alaska
Davison Allen
Tex P
Montana Power
Aly
Devoe
Ayaig
Montgomery Ward
Ted Rat
Nash
Haxtman Kodak
Uae
Lily
Erin
Chi
Louis von Ton
Sf Byoux
Sieg Pally Bow
Ayerty
Steel Wiley
Norfolk Western
Fleischmann
Bn 300 Foundation
Jon Ol Well Sapuly
Orpheum
Hay TU Steel
aAsphalt
Otis Steel
Otis Stelees
Opper Ag
Polkce de Motor
Carreba Ni
Chubederos
Panhandley
Ciley
Atchison
Ford
AN & I
Penies
Ni Pena Dixie Cement
Austin Nichols Uou
Pers Marquette
Lasvith Wahl Locatee
Con Day West
Sng
Fall
Laata
Pisin Morris Co
Aba
Philips Petroleum
Vwanger Arnop
Hanna Corp Hay
Lurtinan Corp
Wittsburgh
Thouston Gil
SOU Prerkor Steel
Howe
Ya Uris
Bsoo Hudson
Audwon Motor
Poblle Rev Corp
Louis Cent
Turniut Steel
Son Bakerien
Bakerlea
Aan Corp of
Radio Co
Reid Tee
Wits
Marine
Trenington Rand
Hemington
Republic
Intertype Corp
Can Vacithy
Ise Phicess
Roy St Joseph
Central
Leniher
Joruan
St Tanis
Uy Corps de Pas
Kelly Sprig
Seagrave Corp
Tao
Balo Mae
Kresge
Simmons
West Aw
Biramont
Frese
Raine
Gunig Fon Sindertn
Charles A Ang
Johar Rink
Southern Pairies
Bos Ma
Bnei
Talon Southern Pacific Ant
Southern
Mt Gi
Biyouit HK
Lingmon City
Biyan
Lori
Piercey Co
Tovis Oil
Iran
Wisan
Atudehakee
Oia
Cofem Urban
Aan
FAM Maison Co
OWL Vie Ag
Manhattan
Market St Ry
Mayent
al Mh Am
McCrory
Thompson
Tholdwater Onn
Boy
Ban Trasikeont
Twin City
aInty Tolen
Vanadiam Corp SB
Webish Pa
Hon
Wileon Cavera
Woolworth Co
Wright Aeronmuth
Wrigkey Jo Co
Xole Towne
Beast
Sherwin Willa
United
Associated Press
Long Island
Cobbrera
White
Savoy
Hennery Browns
Pacific East
Metals Market Report New York Aug 6 Copper Tin Lead Zinc
Copper steady in New York with spot and futures at 1998. Tin weak with spot around 65.00 and October at 64.75. No. 2 fob eastern Philadelphia 19.50 to 20.60, Buffalo 16.50 to 17.00, Alabama 17.25 to 17.50. Lead steady at 6.75 spot. Zinc weak in East St. Louis at 6.35. Antimony spot 12.00 and Quicksilver 120.00.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Tron Steady
F. O
Eastern
Pennsylvania
Buffalo
Fo. B
Alabama
Lead Steady
East St. Louis
Altimony
Quicksilver
Profit-Taking Seen as Bond Market Holds Ground
New York August 8 Bond prices softened after an earlier rise tied to New York Fed rate cuts. Investors sold to take profits while easy money persists and fresh issues remain scarce. Trading volume about 88 million, with high grade issues easing and some industrials strengthening. Foreign bonds attracted demand, notably Chilean, Montevideo, Brazilian and Belgian issues, while government issues stayed steady.
MENTIONED IN THIS ARTICLE
New York
Associlated Press
New York Federal Reserve Bank
Missouri Pacific
Union Pacific
Atovke
Erie
Delaware
Hudsosk
Brooklyn Union Ger
Murray Body
National
Dairy Products
Edleon
Montevideo
Belgien
Government Department
Foreign exchange rates in New York quoter sheet
Foreign exchanges in New York quote rates in cents for Great Britain France Holy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugoslavia Austria Roumania Argentina Brazil Tokyo Shanghai Montreal Portugal with bid and cable figures and 60 day bills on banks where listed.
MENTIONED IN THIS ARTICLE
New York
Ave
Associated Press
Great Britain
France
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Portugal
Realty Records Real estate transfers and deeds listed
The Savoy Estates Realty transfers to Anna Drombrosky and others. Warranty deeds include Julia Deri to Charles Varga on Whittier street and others on Capito and Pembroke avenues. Mortgage, quit claim deeds outline several properties on Beardstey Hallett Roosevelt Mountain Grove and more with values ranging from 2,050 to 84,500. The Black Rock Estates transfers nine parcels to Investors Mortgage and Guaranty for 817,500.
MENTIONED IN THIS ARTICLE
Savoy Estates Realty Company I
Anna Drombrosky
Savoy Gardens
Julia Deri
Charles Varga
Whittier Street
Stanley
Raghestos Company
Cherry Street
John J. Lawless
Margaret Speiser
Capito Avenue
Henry Scott
Nathan Engleman
Pembroke Street
Carmella Verrillo
Clotha Fusco
Hallett
Bacon Wakeman
Et al
Davidson Street
Mary E. Kiefer
Bacon Wakeman and Son, Inc
Louis Max
Matthew FH. Gowling
Et Ux
Roosevelt Street
The
Mechanics and Farmers Savings Bank
Louis Dompby
Mary A. H. Flood
Mountain Grove Street
Black Rock Estates, Inc
Investors Mortgage and Guaranty Company
Seaside Avenue
Courtland Avenue
Gilman Street
Margaret Sueiser
Home Building and Loan Association
Capitol Avenue
Lena Hangon
Bridgeport Peoples Saving Bank
Gordon Street
Euphrosyne L. Bown
Lomas and Nettleton Company
North Avenue
Morris Rome
City Savings Bank
Hawley Avenue
Shipping notices mixed ships sailing schedules in August
Shipping list shows vessels including Minnetonks New York August and London August 8. Albert Ballin New York August 8. Gripsholm New York August 8. Go thenburg Auranie London August 8 New York. American Trader London August 7 New York. Ascania Southampton August 6 for Montreal. Empress of Scotland Southampton August 6 for Quebec with entries unclear due to OCR.
MENTIONED IN THIS ARTICLE
Minnetonks
New York
London
Albert Ballin
Bamburg
Gripsholm
Gothenburg
Auranie
iNew York
Southampton
Montreal
Quebec
Cotton futures close higher with modest gains
Cotton prices rose across the board on the New York market. Futures closed 18 to 21 higher with October at 16.95 and December 19.22. January 19.31, March 19.50, May 19.68, with spot middling around 19.45.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Also Mentioned on This Page
Harland H. Allen
Treasury
Balance
Wall Street News
Seaboard National Bank
Broadstreet’s
Nash Motors Company
M. W. Pask
Carib Syndicate, Ltd
A. H. Gross
Skelly Oil Company
Western Union
Brockway Motor Truck Corporation
New England Public Service Company
Wall Street
611 Company of
Indiana
National Dairy Products Corporation
American Management Association
Lehman Brothers
Weber ‘and Heilbroner, Inc
Weber and Heilbroner
Brokaw Bros
B. R. Baker
Cleveland
Toledo
Washington Shops, Inc
Clearing House
America
Wat
CURB
Bankers Cavital
American Exchange
Manic of Manhattan Co
Bank of Manhattan Cn
New My Bank of
Bank of
Brooklyn
Trust
Ays
Chatham-Phoenix Tr
Banim
Nin
Vikth
National Hauta
Guaranty ‘Trust Company
Ni Art Aare Nationa. Bank
Hino
National Bark
Flues County
Am Fidelity
Cagmalty Bey
Bankers Capital Corp
F Bank Co
Nemepi
I Bank Capital
Bankers Unite
East
Nis
Morgage Bove National Surety
Southern Surety
Corpeon
Bnee
N.Y
Frank E. Staples
Noble
New England Equity Corp
State St
Hodson
Uae Pathe Weerae, C., Inc
Bae Ee
Bankers Capital Company
New Haven
First National Bank
Beidgeport, Coan
Waterbury
HOH
Gunpen
New York City
Bridgeport Telephone