Railroads to Face Grain Crop Pressure and Market Turbulence
In New York August 9 reports forecast large grain crops with corn at over three billion bushels and oats at about 1.4 billion. Railroads will face congestion as freight and credit tighten, complicating financing and market stability. Wall Street opened lower on war and Polish fears but recovered portions of losses amid a broad stock revival.
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Fadan
Wenll
New York
Aus
Wall Street
Salas
Alhough
Baldwin
Poland
Wheat crop forecast tops 795 million bushels
Washington records show August 1 crop conditions with winter wheat at 532,909,000 bushels and spring wheat at 252,000,000, totaling 795,000,000 for all grain. By August 4, spring wheat stands at 2 percent of normal, with corn at 67. or 6? and oats at 7.2.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Liberty Bonds Briefs From New York Markets
Liberty bond quotes show varying bids and prices across series. First 45 at 5.40, Second 4s at 4.40, First 41-45 around 95.30, Third 41-45 at 5.54, Fourth 41-48 at 0.0, Victory bonds at 93.00. Market notes reference 31-28 and general closing levels for Victory and federal issues.
Foreign Commerce of America Encouraging for World Debts
Judge Sary sails for Europe optimistic on global debts and imports. He cites rising U S imports of raw materials, rubber, cotton, and manufactured goods as evidence that Europe can pay by trade. Growth in rubber and cotton imports signals expanded U S production and potential debt liquidation through commodities and securities.
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America
United States
Holland
New York
Judge Sary
Europe
Steel Corporation
Gary
Great Britain
Great
Britain
Henry P. Daviso
Homag
W. Lamont
Care Back
Judes Gary
Washington
India
Banker Warns Dealers on Caution in Auto Sales in Bridgeport
Edmund Wolfe, president of the First Bridgeport National Bank, warned Bridgeport auto dealers to practice caution in selling cars. He cited dealers on shoestring capital, short business life, and rising failures, urging restraint in selling to nonessential buyers while noting Bridgeport’s auto turnover around 7.5 million dollars yearly. The address, delivered at the Stratford hotel, stressed the broad economic impact and the need for prudent lending and sales practices.
MENTIONED IN THIS ARTICLE
Association
Wolfe
First Bridgeport
Bridgeport Automotive Association, Inc
Strancid
Edmund
First+Bridgeport National Bank
JM. Wolfe
Bridgeport
All Dealers' Association
Coffee futures drop as September breaks below nine cents
Mild recovery follows initial drop in New York coffee futures trading. September contracts fall under nine cents for the first time since the war period, with December around nine twenty. Clearing house figures show total exchanges of 612 253 5 balancing 98 066 440 amid broader market weakness. A Spanish Olympic team of 14 leaves Madrid for Antwerp to compete in 37 events including running jumping throwing javelin and discus.
MENTIONED IN THIS ARTICLE
New York
Aus
Clearing House
Treasury
Tve
Antwerp
Madrid
Banks Called Upon For Statement Of Interest
Washington Aust National Bank in New York was called upon today by the comptroller of the currency for a detailed statement of interest rates and loans. The questionnaire requests detailed figures on loans and discounts covering 1919 to 1920, with criticism aimed at New York banks for alleged excessive interest charges.
MENTIONED IN THIS ARTICLE
Washington
National Banka Ig
New York City
Csompirhlier
Murrenax
Tahstoka
Ioana
New York
Cotton opens lower then recovers on weather hopes
Aus 3-A cotton fell 60 to 65 points early before an almost complete recover y aided by favorable weather rumors and armistice talk about the Polish front. The rally faded as rumors remained unconfirmed, closing near steady with modest gains in late trading. Port receipts and stocks figures show ongoing movement as exports and shipments are reported.
MENTIONED IN THIS ARTICLE
New York
Aus
United
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Invincible of
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Equitable Industrial Loan Society, Inc
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Connecticut
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Bridgeport, Conn
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State Street