Market Loses Ground as Profit Taking Hits Stocks
New York stock totals edged lower amid a quiet day with a 10 percent call money rate. Cannabis: wait, no. Tobacco shares stayed firm though overall market drifted. Government rate tweaks and looming bonus bill debates influenced sentiment as motor stocks drew pools and Pan American directors’ meeting loomed. Liberty bonds faced pressure while rail and equipment stocks attracted speculation about future rate changes. Total sales reached 12.375 million in par value.
MENTIONED IN THIS ARTICLE
Broadan Wall
New York
Federal Reserve Ranke Eail
House
Washington
Senate
General Motors
United States
Pan- American Petroleum
Wall Street
Interstate Commerce Commission
Steel
Almas
Dry goods markets drift higher on firm deliveries
DRY GOODS NEW YORK June 1. Flint gloths and sheetings today were firmer and higher on moderate terms or delivery in June and July. Ray silk was lower, but active buying was reported. Men’s Wear is expected to be lower for spring delivery due to fall in wool prices.
MENTIONED IN THIS ARTICLE
New York
Liberty Bonds New York June 1 Balance Report
Liberty Bonds data from New York for June 1 shows Glearing House Exchange totals 787,136,777 with balances 120,229,498 and 126,541,527 in federal reserve credit balance. Sub Treasury debtor stands at 10,¢07.
MENTIONED IN THIS ARTICLE
New York
House Exchange
Federal Reserve
Cotton Crop Prospects Among Very Gloomy Says Iola
New York June 1 One of the leading cotton authorities says the crop may be small when it peaks and faces labor shortages in the South due to migration of Black workers. He notes a late poor start but recovery possible, with oil and other industries shaping demand and production amid fuel concerns and imports.
MENTIONED IN THIS ARTICLE
IOLA
New York
Cotten
South
Mexico
Unibet
Cotton Exchange Closes Over Legal Mixup
The New York cotton exchange suspended trading today amid legal uncertainty after amendments to the cotton futures act were passed and later questioned due to a clerical error in the signed bill. A special board meeting at 9:40 a.m. will decide whether to reopen the market once legal standing is clarified.
MENTIONED IN THIS ARTICLE
New York
Congress
Washington
Board of Managers of
the Exchange
Soviet Granted to Open London Trading Office
London reports that the Soviet government has been granted permission to open a central trading office in London with Premier Lloyd George and British cabinet members present. Wilson signed the nine agricultural appropriation bill extending the cotton figure contract as trading continues in Walton.
MENTIONED IN THIS ARTICLE
London
Gregory Ikrassin
Shevik
Tedde
Liovd-George
Wilson
Walington
Market Brief Delivers Mixed Coffee Futures Move
Coffee futures opened June with a dull spot market and mixed forward contracts. Prices for June, September, December, January, and March showed a softer tone as traders weighed supply prospects and demand cues.
MENTIONED IN THIS ARTICLE
New York
Marena Spot Coffee
Metal Market Sees Copper, Antimony, and Tin Notes
Market report shows copper dull with spot and nearby futures mixed. No. 2 northern copper 49.00, No. 2 south 49.00 to 44.00, antimony at 9.00, new forgings at 2.40, June contracts around 52.00. Spot copper quiet with delivery from Hust S. Lands, spot price 7.43 bid, 7.19 asked.
MENTIONED IN THIS ARTICLE
Hust S. Lanlselivery
Butter and grain market notes from New York trade
New York market brief shows butter steady with receipts at 9,108 and creamery prices higher. Grain and wheat futures mixed with No 2 durum around 3.10 cif, spot corn firmer, pork and lard price ranges listed, averages for day week and year noted.
MENTIONED IN THIS ARTICLE
New York
Asira Firsia
Atests
State
Penn
Nearara Hennery
Fenn
Nennery Browr
Southern
Bermuda
Kansas
Shipmi Wats
Middle West
Files suit for recovery of $3000 in civil action
A suit in the Civil Superior court seeks $3000 damages and $3700 note against Trt. Viott FL Wade and others, attaching property on fillside avenue. case set for June. Also mentions expected June proceedings and related legal notices.
MENTIONED IN THIS ARTICLE
Viott FL Wade
Shpeil U. Pasquale Teraco
Fillside Avenue
Also Mentioned on This Page
Burchauer
General Security & Trust CO
Ufinnance
Philadelphia
Cuesring House
Metal Market
Motors
Chandler Motors
Stutz Motors
Chevrolet Motors
Hupmobile Motors
Reo Motors
Detroit
Greyhound Motors Corporation
Columbus Circle
THE
Trinca
Greyhound
Ginda TV
Warren
R. I
New York City
Columbus Circle, New York
Advinca Burmely
Tron
Trad Corp
Jourmialy
Vavektiy
Surat
Uy P& Iy
Uae
Alleriain
Miasaitek
Ariel
Stlte
Thane
Bowthern
Jartat
Andar
Abun
Cuba
Capnerana
Vo Inforeur
Qoeundivan Corp TM
Ann
Triernar
Foreign Exchange
Quaker
Secerer
Quaker Oats Company
Supreme Court
Reading
Reading Company
Pennsylvania Holding Corporation
Paels
Wallace
St. Germain
Wissner
Puy 2 Wissner
Main ST
Barnum
France
Maris
Aranes
Frances
Rey
Laires Opsian
Crossman, Sherman CO. Stockbrokers
Germany
Paris
Pine St
Wiesbaden
United Bond CO
SIAIN
RT. Staples
State ST. Bridgeport
Cor
City National’“Bank Righta
William R. Bule
Bridgeport
Yuya
Connecticut National Bank
Wale
City National Bank
T.L. Watson & Co
First Bridgeport National Bank
State Streets
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