Rail stocks lead gains as merger hopes energize markets
New York April 25. Railroad shares dominate today’s market with expectations of merger action fueling advances in several lines. Jersey Central and New York Central hit new highs while others like Texas & Pacific Chesapeake & Ohio and Reading gained 3 to 5 points. Steel, insurance and other industrial issues showed mixed to strong moves as traders shifted toward high priced favorites.
MENTIONED IN THIS ARTICLE
New York
Harlem
Jersey Central
New York Central
Texas & Pacific
Chesapeake & Ohio
Lackawanna
Pittsburgh & West Virginia
Reading
Wabash
Baltimore & Ohio
Lehigh Valley
Northern Pacific
Ontario & Western
Delaware & Hudson
U. S
Express
Adams
National Tea
Cushman
Russia Insurance
Fidelity Phoenix Insurance
Paris Grants Pensions to Ten Eminent Men
Paris awards annual $400 pensions to ten distinguished men in art and science, recognizing their contributions. The stipends support notable figures in culture and research while highlighting the city’s patronage.
MENTIONED IN THIS ARTICLE
Paris
Market Roundup Highlights From New York Trading
New York reports a 4% rediscount rate at Minneapolis bank and mixed first quarter results across firms. Penick and Ford shows 311200 profit before taxes, Cerro DePasco earns 4.26 a share in 1927, Chicago Pneumatic Tool 1.65 a share, Mexican Seaboard Oil expands in California, Savage Arms posts a loss year over year, and several dividend declarations including 1 per share on common. Texas rule limits Winkler County oil to 150000 barrels daily. California Packing opens asparagus prices higher. Schulte Stores issues 0.5% stock dividend and cash dividend. Symington and General Electric post gains. Congress Cigar shows 1.08 a share. J. F. Clark Co. referenced.
MENTIONED IN THIS ARTICLE
New York
Minneapolis Reserve Bank
Penick and Ford and
Canadian Pacific
Cerro DePasco Copper Co
Subs
Chicago Pneumatic Tool Co
Mexican Seaboard Oil
Kettleman Hills
California
Savage Arms Co
Texas Railroad Commission
Winkler County
California Packing Corp
Schulte Retail
Symington Co
General Elec
Cotton Letter Details Weather and Market Signals
New York bulletin notes May 4 July 2 Oct 6 Dec 8 futures in play and 10,000 bales traded daily. Reports floods in Alabama Georgia northwest Florida and rising cloudiness with possible rain across western states. Worth street prices steady while sentiment favors long market. Liverpool bids include 7,000 American in 10,000 total.
MENTIONED IN THIS ARTICLE
New York
North Carolina
Georgia
Alabama
Mississippi
Florida
Arkansas
Texas Panhandle
Oklahoma
Worth Street
Mexican Seaboard Leads Stocks Higher On Positive Outlook
Stocks show gains as Mexican Seaboard, Congoleum, May Tag and International Mercantile Marine preferred rise. Analysts note substantial interest in exploitation of properties and forecast further advances amid strong trading sentiment.
MENTIONED IN THIS ARTICLE
Mexican
Davidson Chem
Congoleum
International Mercantile Marine Preferred
Unfavorable Week Impacts Belt Farming and Trade
The week brought extreme rains across eastern and central belts including Arkansas and Oklahoma with very cold temperatures. Germination was poor, necessitating replanting, while some Texas planting occurred. Special Liverpool cables show coverage and local replacements, with continental buying and bullish cables. Cloth demand in India improved but many offers impracticable. J. F. Clark.
MENTIONED IN THIS ARTICLE
Arkansas
Oklahoma
Texas
Liverpool
India
J .F. Clark
Market rally signals end of correction says Whitney's Letter
The piece notes a decisive market turn with further gains expected and a muted secondary dip possible before Thursday. It advises buying U S Leather A stock sparingly, cites American solvents and chemical preferred earnings, and flags potential buys in N Y Central Gillette safety razor Congoleum Lambert Goodrich and American Can at specified levels.
MENTIONED IN THIS ARTICLE
New York
U. S
American Solvents
Chemical Preferred
N. Y. Central
Gillette Safety Razor
Congoleum
Lambert and
Goodrich
Cotton Opinions on Market Outlook From Trade Houses
Wade Brothers expect no sale this season and anticipate higher prices. F. B. Keech & Co. foresee a favorable spell of weather needed for markets to rise. Orvis Brothers say liquidated conditions could attract outsiders and trigger a significant advance. Pynchon & Co. project new crops near 20 cents and warn only a poor crop would sustain a rise.
MENTIONED IN THIS ARTICLE
Wade Brothers
F. B. Keech & Co
Orvis Brothers
Pynchon & Co
Chicago potatoes market report April update
Potatoes receipts reach 86 cars with 287 on track and total U S shipments 728. Demand slow for old stock and market slightly weaker. Wisconsin sacked round whites mostly 1.80 1.85, Minnesota 1.65 1.79, Idaho No 1 1.86, commercial 1.55 1.70. New stock day minds steady. Texas sacked bliss triumphs mostly 4.75 5.00.
MENTIONED IN THIS ARTICLE
Chicago
United States
Wisconsin
Minnesota
Idaho
Texas
Bliss
Cotton Prices Rise as Demand Surges in Liverpool Market
Liverpool Cotton market shows increased demand with higher prices for American cotton. Lists prices for various grades from strict good middling at 11.85 to good ordinary at 10.55, with 10,000 bales sold including 7,200 American. Receipts total 13,000 American with 11,800. Futures steady. May 10.81, July 10.78, Oct 10.63, Dec 16.46, Jan 10.45, Mar 10.45.
MENTIONED IN THIS ARTICLE
Liverpool
New Orleans Cotton Prices Hit New Highs on April Market
The New Orleans cotton market opened firm with gains of six to twelve points, May and July futures advancing to highs around 20.19 and 20.04 before easing. After midday, May rose to 20.25 and later May contracts reached 20.26 as bullish weather and crop reports supported prices.
New York Dairy Prices Mixed Across Butter and Cheese
In New York on April 25 butter remained unsettled with 12 943 in the creamery market and creamery prices rising above extra 47 47 percent while extras and first grades show varied figures. Cheese held steady at 60 815 with irregular prices for fresh gathered extra first grades and other categorizations.
MENTIONED IN THIS ARTICLE
NEW York Dairy
New York
Cotton market opens with modest advance on renewed buying
The cotton market opened today with gains of 7 to 18 points as covering and broader commission-house demand supported prices. A firmer Liverpool market and expectations of rain in the southern states, plus few early May notices issued, helped sustain the upward trend.
MENTIONED IN THIS ARTICLE
New York
Commission House
Liverpool
New High Ground For The Move In Cotton Market
The market extended gains with May at 20.58 and October around 20.15 as traders realized profits then saw renewed buying. Liverpool reports heavy covering and Continental interest while New York and Alexandria show bullish tones. May stayed firm on covering with a May premium over July widening to about 24 points as midday trading held steady with months 13 to 23 points higher.
MENTIONED IN THIS ARTICLE
Liverpool
Continental
New York
Alexandria
Raw Sugar Prices Steady Across Markets in New York
Raw sugar held steady in early New York trading with nearby duty free sugars at 4.40 and later shipment at 4.46. Refined prices remained unchanged at 5.95 to 6.00 for fine granulated as futures showed narrow moves.
MENTIONED IN THIS ARTICLE
New York
Silver Prices Report From New York Trading Floor
Silver in New York on April 25 quoted at 5755 per ounce. Mexican dollar listed at 44 percent in the market update.
MENTIONED IN THIS ARTICLE
New York
Chicago Livestock Market Up on Hogs Cattle and Lambs Mixed
Chicago market reports higher hogs with lighter weights and sows steady, top hogs at 10.60 for 180 to 210 pound range. Cattle activity active with heavies up to 14.25 and yearlings near 14.20, mixed steers and cows also priced across several ranges. Sheep and lambs opening slow, lambs down about 15 cents, ewes and hogs varied with California holders off the market.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
USCOA
California
Turpentine and Resin Markets Report Slight Gains
Savannah perfumery and chemical market data show turpentine steady with 49 1 4 dollars, sales 100, receipts 720, shipments 569, stock 9 816. resin firm with sales 564, receipts 2 632, shipments 1 377, stock 62 492. Quotes listed for grade B D E and compound prices.
MENTIONED IN THIS ARTICLE
Savannah
Call money and short term loan market rates disclosed
The document lists call money firm loans at 5 and closing bids at 5. Time loans show 60 to 90 days at 47 percent and 5 months at 47 percent with mixed collateral. Prime mercantile paper at 4.14 percent and bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile Paper
Foreign exchange quotas mixed in cents across nations
The report shows mixed quota quotations in cents for multiple currencies. Britain rates include 487 and 488 with 60 day bills at 484. France demands 3.9356 and cables 3.9396. Italy quotes 5.2634 and cables 5.24, with numerous other countries listed and varying figures for Belgium Germany Holland Norway Switzerland Denmark Spain Greece PolandCzechoslovakia Jugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Switzerland
Denmark
Spain
Greece
Poland
Czechslvakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Chicago Grain Gains as Wheat Prices Jump in Early Trade
Chicago futures firm as Liverpool gains and dry western weather push wheat higher. Foreign buyers step in with large-scale purchases after an initial 7 8 to 21 8 cent advance, with corn oats and provisions following the rise.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Copper and related metals hold steady in New York market
New York copper and lead futures show little change on Tuesday with spot prices for electrolytic copper near 14 percent and futures around 51.50. Lead remains steady with New York at 6.10 and East St. Louis at 6.00, zinc firm with East St. Louis quotes 5.80 to 5.85 and antimony at 10.00.
MENTIONED IN THIS ARTICLE
NEW York Copper
New York
East St. Louis
Cotton seed oil futures end steady with gains across months
New York April 25 price report shows active trading in cotton seed oil with steady to higher quotes. Prime summer yellow 1050 and prime crude 900 992, with futures for April 1050 May 1058 June 1063 July 1072 August 1085 September 1093 October 1108 November 1094. Sales totaled 49,500 contracts.
MENTIONED IN THIS ARTICLE
New York
Grain prices surge on Chicago wheat rally and winds
Chicago reports show all deliveries of wheat and rye topping previous season highs. Prices closed unsettled with wheat up 4 cents, corn up 15 cents, oats up 1 1 2 cents, and provisions mixed amid wind reports from Kansas City and storm damage east of the Mississippi.
MENTIONED IN THIS ARTICLE
Chicago Grain
Chicago
Kansas City
Mississippi
New Orleans Cotton Prices Rise on Bullish Supply Outlook
The New Orleans cotton market advanced about 1.50 a bale amid bullish weather crop reports and May tender optimism. May, July and October contracts rose to 20.86, 20.20 and 19.88 respectively, with exports totaling 9,770 bales.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Aircraft Company Officers Named Defendants
District Attorney Joel E. Stone filed man slaughter charges against five Alexander Aircraft Corp officials after an explosion last Friday killed 11. Named are J. Don Alexander president Don M. Alexander vice president Ray A. Duncan secretary treasurer Clarence Hornaday superintendent and Ray Winton foreman of the wing dope plant where the blast and resulting fire occurred.
MENTIONED IN THIS ARTICLE
Denver
Joel E. Stone
Alexander Aircraft Corporation
J. Don Alexander
Don M. Alexander
Ray A. Duncan
Clarence Hornaday
Ray Winton
Wrangel Dies in Brussels After Bolshevik Fight
Baron Peter Wrangel, a Russian commander who led efforts to resist Bolshevism, died at 9 30 a m in Brussels on April 25. His death marks the end of a prolonged anti Bolshevik resistance and a notable chapter in exile Russia.
Crossing Avocations and Oddities Across the Globe
In New York Dr. Philip G. Peabody 72 a retired lawyer is beginning his 113th Atlantic crossing after 36 years visiting 43 countries planning his 114th voyage and noting future 115th and 116th crossings. In Mexico City Ambassador Morrow naps after lunch yet works before breakfast and at night. Princeton scientists announce death waves from a miniature radio device penetrating cell walls tested on frog blood. New York Mayor Walker’s face may be sculpted by Enrico Glicenstein who carved Mussolini. Rio de Janeiro bans movie theater visits for under 16 without parental permission per supreme court ruling.
MENTIONED IN THIS ARTICLE
New York
Philip G. Peabody
Atlantic
Mexico City
Morrow
Princeton
N. J
Walker
Enrico Glicenstein
Mussolini
Rio Janeiro
Supreme Court
Mail planes test southern route near Atlanta
Four mail planes assigned to the Atlanta New York air mail route will leave for Spartanburg to demonstrate night flying. The tests will include landings on a dark field with various lights and parachute flares. Regular carriers include Johnny Kytle Gene Brown and Sydney Molloy guided by J G Ray and J K Ottley Jr.
MENTIONED IN THIS ARTICLE
Atlanta
New York
Spartanburg
Johnny Kytle
Gene Brown
Sydney Molloy
J. G. Ray
J. K. Ottley, Jr
Pitcairn Company
Morganton Bank Secures Charter Today
Morganton Industrial Bank, a new institution in Morganton, was chartered under state laws today with an authorized capital stock of 100000 dollars. Subscribed stock includes 25000 dollars by J. H. Giles of Glen Alpine and J. Fred Kistler and S. R. Collett of Morganton. The Laborers Loan and Investment Company of Rocky Mount was chartered with 10000 dollars authorized capital stock, with 4500 dollars subscribed by J. C. Culbreth of Sharpsburg and H. W. Townsend among others of Rocky Mount.
MENTIONED IN THIS ARTICLE
Raleigh
Morganton Industrial Bank
Morganton
Secretary of State
aHitness
J. H. Giles
Glen Alpine
J. Fred Kistler
S. R. Collett
Laborers Loan and Investment Company of
Rocky Mount
J. C. Culbreth
Sharpsburg
H. W. Townsend
J. H. Albritton
Baron Wrangel Dies in Brussels After Exile
Baron Peter Wrangel, last White army leader driven from Russia, died in Brussels on April 25. He retired in 1926 to a small suburb house after leaving behind a small remnant of his forces in Jugoslavia. He suffered intestinal trouble affecting heart and lungs and received last rites from a Russian archpriest during Easter observances.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
Peter Wrangell
Black Sea
Jugslavia
Tree Seed Farms to Aid Reforestation Across Three States
A congressional bill proposes a $20,000 appropriation to create forest tree seed farms in Minnesota Michigan and Wisconsin. Within five years about 100000 acres would be designated for reforestation across the three states.
MENTIONED IN THIS ARTICLE
ST. Paul
Minnesota
Michigan
Wisconsin
Congress
Ambassador Davilla’s Plane Forced Down Near Montgomery
The Chilean ambassador to the United States, Carlos Davilla, was aboard a plane that forced down near Georgetown, Georgia, across the Chattahoochee from Eufaula, Alabama. Lieutenant Hoppins piloted the craft to Maxwell Field where it landed at 1:36 p.m. The ambassador left the plane at Georgetown and will proceed to Montgomery by rail. repair is expected, and the trip may resume tomorrow by air. Davilla is scheduled to address the foreign trade council in Houston tomorrow.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Carlos Davilla
United States
Houston
Texas
Georgetown
Chattahoochee River
Eufaula
Raifl
Hoppins
Maxwell Field
Foreign Trade Council
Chilean Ambassador Plane Missing Over North Carolina
No word reached Maxwell Field by 12:30 today on a plane that left Pope Field Fayetteville N C at 6:25 am carrying the Chilean ambassador to the United States. Maj. William R. Weaver said the craft should have arrived here six hours after takeoff if no trouble occurred. Telegrams from Fort Benning and Atlanta reported the plane not sighted along the Pope Field air line.
MENTIONED IN THIS ARTICLE
Am Co
North Pacific ’ Packard Motor Car
Pan Am Pet
Pennsylvania
Pierce Arrow
Radio Corp
Ill Reynolds Tobacco
St Louis
Seaboard Air Line
Sears Roebuck
Simms Petroleum O
On & Ot
Sinclair Con Oil
Southern Pacific
Southern
Standard Oil of No
Wabash Ry
Westinghouse Elec
White Motor Co
Willys Overland
Woolworth and Co Issty
Vicks Chem
Montgomery
Ala
Maxwell Field
Pope Field
Fayetteville
N. C
United States
William R. Weaver
Fort Benning
Atlanta
Chilean Ambassador Carlosa villa heads to Houston address
Forced down reports reach Washington as Chilean Ambassador Carlosa villa departs by air for Houston Texas to speak before a Foreign Trade Council meeting. Embassy lacks details on the incident.
MENTIONED IN THIS ARTICLE
Washington
Carlosavilla
Houston
Texas
Foreign Trade Council
Officials say army plane with Chilean envoy missing
Nothing seen of the army plane that left Fayetteville North Carolina this morning carrying the Chilean ambassador to the United States as passenger. Officials at Candler field Atlanta said they had seen nothing of the aircraft.
MENTIONED IN THIS ARTICLE
Atlanta
Candler Field
Municipal
Fayetteville
N. C
United States
Flood Bill Returns to Senate Amid House Changes
Washington April 25 The flood control bill returns to the senate with House changes and Senator Jones of Washington guiding the measure. If the house changes pass, the bill could reach the president's desk within a day or two. meanwhile the farm relief bill awaits consideration and Nicaragua and presidential veto talk drift through the chamber.
MENTIONED IN THIS ARTICLE
Washington
PyThe
Senate
House
Jones
Nicaragua
Seven opinions handed down by state supreme court
Raleigh April 23 The state supreme court handed down seven opinions this afternoon. Gen Motors Accept Corp v Mayberry receiver Rockingham found no error. Lipscomb v Cox Perkins Forsyth affirmed. Marshall v Hammock v State v Johnson Davidse trial. Ballinger v Thomas Southern Ry Guilford reversed in part affirmed in part. Hilton v U S Fire Ins Dec Union no error. Rice v Cotton Gin Co Moore.
MENTIONED IN THIS ARTICLE
Raleigh
State Supreme Court
Gen. Motors
Corp
Mayberry
Rockingham
Lipscomb
Cox & Perkins
Forsyth
Marshall
Hammock
State
Johnson
Davidse
Ballinger
Thomas
Southern Ry
Guilford
Hilton Vs
U. S
Dec
Union
Rice Vs
Cotton Gin Co
Moore
Eager cattle trespass on Clover crop in Stanly County
In Richfield on P. E. Miller farm, cattle escaped fences seeking a clover crop. County Agent O. H Phillips notes four acres planted this year, grazed from June to December, then moved to a dry lot. Miller plans longer grazing and intends to return livestock by May.
MENTIONED IN THIS ARTICLE
Albemarle
P. E. Miller
Richfield
Stanly County
O. H Phillips
No More Publicity for Warlords in North China
Two North China warlords have ended their propaganda campaigns to aid the economy. Officials say the move saves about 15 900 dollars a month and reduces the public profile of the conflict.
MENTIONED IN THIS ARTICLE
Peking
North China
Also Mentioned on This Page
J. F. Clark CO
Clevenberg
Stanleyv
Eastern Belt
Central Belt
Western Belt
West Texas
Stanley
AEW
Adams-Millis Corporation
Mir. J. A. Ademi
High Point Hosiery Mills, Inc
Piedmont Mills Company
Kernersville Knitting Company
Pointer Hosiery Company
Adams- Millis Corporation
Ooo
Wea Cess
Balence
Coramon
Messrs. Peat, Marwick, Mitchell & Co
Lmitting
Merrill, Lynch & Co
Hailegarten & Co
Whitney
Aircraft Company
NEW Morganton Bank
Baron Wrangel
Atlantic Coast Line
Baltimore and Ohio
Bethlehem Steel
Chesapeake and Ohio
Chic Mil
St Paul
Northwestern
Pac
Chrysler Motor
Coca Cola
Crucible Steel
Dodge Bros
Elec
Famous Players Lasky
Freeport-Texas Co
General Motors
Inter Nickel
Kennecott
Morans and Tex
Mont Ward Ae On A
THE
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