Markets Rally As Money Eases And Stocks Rebound
Stock prices rose further in a recovery driven by easier money rates and upbeat trade news. Pools revived across oil, steel, utilities and food shares as Adams Express hit a new high while many issues climbed toward gains near 10 points.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
AP Financial
New York
Adams Express
Call Money
Wall Street
Sloss Sheffield
Bethlehem Steel
Republic Steel
Crucible
American Can
U. S. Industrial Alcohol
American Railways Express
Glidden Co
Pan-American B
Skelly Oil
Belding-Hemingway
McCall Corporation
Texas Gulf
Crex Carpet
Graham Paigé
New York Cotton Market Sees Liquidity Amid Mixed Weather
In New York on April 18 traders noted continued good southern weather and easing Liverpool prices fueling liquidation along with regional selling. Buyers favored new crop months on modest declines, while covering kept the market near steady as 2 pm quotes showed little net change across May July October and other contracts.
MENTIONED IN THIS ARTICLE
New York
Liverpool
P. C
Babe Ruths Home and Big Apartment Shown
New York April 18 The Babe Ruths are at a Riverside Drive 111 room apartment with two young girls, Mrs Ruths mother and two brothers. Dorothy Helen Ruth eight and Julia Marshall Dodgson twelve will share a bed by the window as Ruth highlights a billiard room a grand piano and a seven thousand dollar diamond bracelet given to his bride.
MENTIONED IN THIS ARTICLE
New York
Babe Ruths
Riverside Drive
88Th Street
Ruth
Claire Hodgsont
Athens
Babe
Washington
Winchester Welcomes Shenandoah Apple Blossom Festival
Winchester Virginia prepares for the sixth annual Shenandoah Apple Blossom Festival with a parade planned. Miss Mary Jo Matthews of Mannington West Virginia is crowned Shenandoah Queen. West Virginia senators and Virginia governor Byrd are among expected dignitaries.
MENTIONED IN THIS ARTICLE
Winchester
Shenandoah
Mary Jo Matthews
Mannington
W. Va
West Virginia
Conley
Byrd
Virginia
Prohibitionists Aim for Ten Gains in British Vote
H C Heath of the United Kingdom Temperance Alliance led a coalition of 20 temperance groups seeking multiple parliamentary seats in support of a national local option bill. He credited Hoover's U S election win with advancing the cause and cited the 1908 local option vote as preceding influence.
MENTIONED IN THIS ARTICLE
London
H. C. Heath
United Kingdom Temperance Alliance
Heath
England
Wales
Herbert Hoover
United States
Belgian Aviator Thieffky Missing With Passengers
Belgian aviator Thieffky and his passengers are reported missing after a crash at Kibanga Bay in the Belgian Congo. Mechanic Gastuche was found unconscious, unaware of the others fate. Thieffry had recently failed a Belgium to Congo flight attempt.
MENTIONED IN THIS ARTICLE
Brussels
Thieffky
Kibanga Bay
Belgiuum Congo
Gastuche
Thieffry
Belgium
Persistent selling weighs on Chicago grains on Apr 18
Persistent selling by houses with eastern connections pressures wheat as Liverpool quotes slip. Weather remains favorable and rallies fade, with wheat dropping 1.5 to 2 cents, corn 0.5 to 1 cent, oats 0.5 to 1.25 cents, and provisions mixed to up 22 cents.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Ragan Is Exempt From Real Estate License Tax
A superior court jury ruled that R R Ragan of this city was not in the real estate business and need not pay a real estate license tax. The county must refund $120 paid under protest and another suit seeks taxes paid in prior years. The county claimed he owned subdivided property. he testified he was a merchant who handled inquiries at his hardware store rather than advertising sales.
MENTIONED IN THIS ARTICLE
Superior Court
R. R. Ragan
Ragan
Guardsmen patrol fruit fly quarantine routes in Florida
National guardsmen posted along principal highways from the quarantine area in Orange, Seminole and Lake counties to help the state plant board halt the spread of the Mediterranean fruit fly. The operation aims to enforce quarantine restrictions and prevent movement of potentially infested fruit into other regions.
MENTIONED IN THIS ARTICLE
Florida
Orlando
Fla
Orange
Seminole
Lake Counties
Gient Board
Senate and House Meet at Noon on Farm Relief Efforts
Thursday sessions open with the Senate receiving a tentative farm relief bill featuring an expert debenture provision. The House debates the farm bill sans debenture plan after the rules committee clears a path. The Ways and Means Committee weighs tariff revision, while the Senate Agriculture Committee continues work on its farm relief measure.
MENTIONED IN THIS ARTICLE
Senate
House
Rules Committee
House Ways and Means
Senate Agriculture Committee
Federal Reserve Board attacked and defended as Senate recessed
Wednesday House debated the fed reserve board amid Senate recess. Senate judiciary panel deemed reappointment of Secretaries Mellon and Davis unnecessary. House agriculture panel prepared its farm report and Stimson talked tariff policy with Ways and Means, adding export debenture language to the tentative farm bill and authorizing Chairman McNary to introduce.
MENTIONED IN THIS ARTICLE
House
Federal Reserve Board
Senate
Senate Judiciary Committee
Mellon
Davis
House Agriculture Committee
Stimson
Ways and Means
Senate Agriculture Committee
McNary
Cotton futures slip then rally as weather aids demand
In New Orleans on April 18, cotton futures opened with losses of 6 to 7 points due to weak Liverpool cables and dry weather but a brief rally followed as traders anticipated better weather. July and October fell to 19.54 and 19.38, December 19.45, before recovering to 19.59, 19.46, and 19.54. By noon prices steadied with a net 3 to 6 point advance, and new crop months posted gains amid active trading. In Mexico City the 10,000 textile workers strike was postponed after government intervention promising a solution to disputes between mills and unions.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
P.C
Mexico City
Mexico
Secretary of Commerce and Labor
Mixed bank and corporate earnings and dividends report
Owens Bottle reports first quarter net income of 713 636 after charges and taxes. International Paper and Power declare regular quarterly dividend of sixty cents on class A. Rio Grande Oil earned 68 cents a share in four months ended February 28. American Hide and Leather shows losses for 12 and 36 weeks ended March. Commonwealth Power earned 6.02 a common share for year ended March. Youngstown Sheet and Tube earned 4.22 a share in Q1. Atlantic Refining 1.77 a share in Q1 1928. Baltimore and Ohio stockholders offered common at 109 as one share per 6 2/3 held. Chesapeake and Ohio offers rights to four-to-one at 100 for one. expires July 1. Series A preferred must convert by April 30 to get rights. Bank of England rediscount rate unchanged at 5 percent. St Louis Fed rediscount at 5 percent. Wheeling and Lake Erie may sue over conversion rights during corner. All American Cables wins concession in Nicaragua. Bank of England weekly circulation 335,940,000 pounds. reserve ratio 49.9 percent. Cities Service declares regular dividend. surplus and reserves up year over year. Texas Pacific Coal and Oil declares 2144 percent stock dividend. Averages show 30 industrials at 99.91 up 5.72 and 20 rails at 150.25 up 0.2 percent.
MENTIONED IN THIS ARTICLE
Owens
Int'l. Paper and Power
Rio Grands Oil
Commonwealth Power
Youngstown Sheet and Tube
Atlantic Refining
Baltimore and Ohio
Chesapeake and Ohio
Bank of England
St. Louis Federal Reserve Bank
Wheeling and Lake Erie Railway
Railway
Bondy
Robert J. Marong
Company
All American Cables
Nicaragua
Cities Service
Oil stocks attract buyers amid conservation optimism
E F Hutton notes oil shares as the most attractive group with public appetite to buy due to conservation prospects. Halle and Steiglitz advise buying Consolidated Gas on dips as future gains are anticipated. Hornblower and Weeks see a technical rally potential after recent market gains. Morrison and Townsend see upside momentum signaling fundamental strength.
MENTIONED IN THIS ARTICLE
E. F. Hutton
Halle
Steiglitz
Cotton market sentiment mixed on further liquidation
Williams and Travers caution on pressing sales at current levels while Orvis Brothers urge continued buying cotton on market and scale down. Pynchon and Co see little incentive to buy now and anticipate still lower prices. Hubbard Brothers note bearish sentiment and expect market to persist as favorable weather maintains selling pressure.
Chicago Hog and Cattle Prices Report Apr 18
Chicago market figures show hog numbers at 24 000 with top payments around 11 65 for 180 to 230 pound loads. Cattle and calves trade mostly steady to firm with steers and fed yearlings strong at 13 50 to 15 00 for various weights, and Helfers listed at 50 dollars per hundredweight.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Market Prices and Trade Report
The ledger lists cattle vealers and stockers with prices from 6.50 to 16.50, notes good to choice quality and market conditions. Sheep and lamb entries show slow sale, strong openings, and prices from 8.00 to 18.10 with feeder and ewe categories included.
Cotton market report from Liverpool on Apr 18
Spot cotton in fair demand with lower prices. American goods show strict and good middling levels from 9.29 to 11.44 per unit. Sales total 6 900 bales, receipts 8 000, American 7 400. Futures closed quiet and steady with May at 10.42 and December at 19.20.
MENTIONED IN THIS ARTICLE
Liverpool
Sugar Market Report From New York Apr 18
Raw sugar prices moved irregularly with a 132 cent drop in spot values. Cuban sugar quoted at 3.67 and Philip Pine at 3.85. Refined sugar held steady.
MENTIONED IN THIS ARTICLE
New York
Philip Pine
Dairy Prices Steady As Receipts Reported In New York
Dairy data from New York on April 18 shows butter receipts at 14 280 pounds and cheese at 78 415 pounds with butter prices steady and cheese firm amid market activity.
MENTIONED IN THIS ARTICLE
New York
Egg market data from New York on April 18
Report shows irregular fees with receipts at 38 872 and fresh gathered extra firsts at 28 29 percent.
MENTIONED IN THIS ARTICLE
New York
Pipe organ to be installed at Davidson College auditorium
A $20 600 Skinner pipe organ with three manuals will be installed in the auditorium of Davidson College's new Chambers building. The contract is signed and work is underway. installation cannot be completed before June commencement. The organ is custom designed for the auditorium and a piano will accompany the program.
MENTIONED IN THIS ARTICLE
Davidson
Chambers
Davidson College
W. J. Martin
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Jno. F. Clark & Co
Commercial National Bank
Ty Allied Chem
Sti Foundry
One Ee
Barons Corpu
Balti & Ohio
Bosch
Childs Co
Colo
Lion
Coml Credit Co . Ee
Chesapeake & Ohio Wee
Curtiss Aero
Chrysler
Elee L, & P Co
Ooe
Feye
Fleischmann Ee
Iam
Asphalt
Wee Whee
TB Ky
Eleete
Mitre
Gold Dust Corpn Ws
Goodrich
Goodyear
Fener
Hudson
Kelly
Kroeger
Myers
Ludlum
Marland
Emee
Miami
Mo Kan & Tex R
Mont Ward
Murray Corpu
Magma Cop
Nash Motors
Wlewee
Natl Pow & Ltd
Nor Am Corpn
Nor Pac
Otis Stl Corpn
Ene
Penn
Radio Corpn
Rem Rand
Sears
Simmons Co
Stewart Warie
Studebaker
Safeway
Texas Corpn
War Bros of Ewe
Willys Over
Babe Ruth
Ruths
Columbia
Columbia Records
Hendrix Music Store
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Lombardo
His
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Alamo
Ox Trots Co Reisman
Spain
Kansas City
Vocal Records
Taru
Mean To
Ruth’ Etting
Karazy
Eddie Keopee
Walters
Irvin Kaufman
Ucky Lindy
THE
Columbia: Records
hAre Hit Records
Bland Piano Company
North Main Spreert
Little City
North Carolina Medical Foundation
North Carolina
Wachovia
Bank & Trust Company
Carolina
American Bankers and Trust
Asheville
Winston-Salem
Raleigh
Salisbury
Chicago Grain
High Point Merchant
Congress
Associated Press
Texas Pacific Coal and Ol
MO. F. Clark & Coq
Chicago Livestock
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