Stocks Tumble After Fed Rate Hike Sends Markets Reeling
New York Aug 9 AP The Federal Reserve raises the bank rate from 5 to 6 percent triggering one of the sharpest NYSE declines in history. Prices of leading stocks drop 2 5 to 30 points with heavy volume around 7 million shares as a brisk but brief rally falters and liquidation returns. U S Steel Westinghouse Atchison and other majors lead losses while call money remains steady and rediscount rates hold.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
New York Stock Exchange
Wall Street
Federal Reserve Board
Young
Bank of England
France
London
U.S. Steel Common
Westinghouse
Atchison
Commission
Kansas City
Philadelphia
Chicago Federal Reserve Bank
Chicago
Auburn Auto
General Electric
International
American Telephone
Atchison, Westinghouse
American & Foreign Power
Allied Chemical
American Can
American Power & Light
North American Co
Packard Motors
National Cash Register
Consolidated Gas
American Tobacco Issues
Montgomery Ward
American International
New York Central
U. S. Steel Common
Cfit
Rifles Banned by Prohibition Officials Amid Talks
Prohibition Commissioner Doran said he plans to bar rifles for prohibition agents in several communities while avoiding changes in sparsely settled districts where protection is needed. No general order will be issued. discussions will proceed by correspondence with administrators. He gave no reasons for the move.
MENTIONED IN THIS ARTICLE
Washington
Doran
Hines and Demott Reach North Carolina Net Finals
Wilmer Hines of Columbia South Carolina and Ralph M Demott now of Atlanta advanced to the North Carolina tennis singles championship finals in Asheville. Hines beat Billy Reese of Atlanta 6 4 6 3 while Demott defeated James Halverstadt of Atlanta 6 2 3 6 6 4. The finals are scheduled for tomorrow.
MENTIONED IN THIS ARTICLE
Asheville
Wilmer Hines
Columbia
Ralph M. Demott
New Jersey
Atlanta
North Carolina
Hines
Billy Reese
Demott
James Halverstadt
Sugar prices drift lower in free sugar market
New York on Aug 9 reports raw sugar slipping 1-16 cent to 3.77 a hundredweight duty paid while refined stays at 5.50 and second hands hover around 5.15. The move follows liberal duty free sugar offerings and reflects market softness.
MENTIONED IN THIS ARTICLE
New York
Aroud
Official Weather Report Bulletin
A formal weather bulletin from the official bureau notes conditions and measurements. The readable text mentions a report header and a numeric value associated with coverage or percentage, indicating a technical update rather than narrative content.
MENTIONED IN THIS ARTICLE
Official Bureau Weather Report
Wheat Prices Rise on Chicago at Closing Bid
Evening up of accounts for government crop report led to late wheat upturns in Chicago trading. Flour purchases in Minneapolis helped lift futures while export demand slackened. Market closed with mixed shifts across grains and provisions, listing specific highs and lows for wheat corn oats rye lard ribs bellies and related contracts. Stewart-Warner Radio and Elam Furn. & Washer Co. advertise in the same item.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis
Cotton market opens easy on Liverpool losses and rains report
New Orleans cotton market opened easy as Liverpool cables fell and rains in the Texas drought area prompted selling. First trades showed declines of 15 to 16 points and prices drifted lower after the start with October futures around 18.99 and December not stated.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Texas
New York Federal Reserve Bank
Cotton futures decline as rains dampen demand
In July period trading the market slipped with weather reports of rains in the drought region and stock weakness. October to January contracts eased, settling near lows with prices around 18.02 for October and 18.27 for January after intraday declines.
New York Cotton Opens Slightly Steady Amid Pressure
Cotton markets in New York opened barely steady as selling pressure from the government crop report persisted. Prices for October and March slipped several points, with weather maps showing Texas Panhandle showers adding to the cautious mood among traders.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Texas Panhandle
Exposition at Charlotte Set for October Dates
The Charlotte exposition an industrial and mercantile show will be staged in the new city auditorium during October with October 2 12 set as tentative dates. The event will be a combined retail and manufacturers show featuring fashions and food products radios furniture automobiles home developments and building supplies.
MENTIONED IN THIS ARTICLE
Charlotte
New City Auditorium
Cotton market report from Liverpool on August 9
Cotton prices fall across grades in quiet market. American goods lead sales at 2000 bales with 1200 American. receipts also 2000. Futures close steady with October at 9.72 and December at 9.72, other quotes near 9.79 to 9.84.
MENTIONED IN THIS ARTICLE
Liverpool
Egg price report from Datry Products New York
Datry Products New York reports August 9 poultry market with receipts of 21 039 and firmer egg prices. Fresh gathered extra shells range 36 37 cents, extra first 34 35 cents, first 33 cents, seconds 31 32 2. Nearby hennery white and western hennery white show extra 45 48 and extra 34 44 respectively. Nearby hennery brown fancy to extra fancy 40 46, Pacific coast white extra 48 48 and extra first 44 465.
MENTIONED IN THIS ARTICLE
Datry Products
New York
Hennery White
Hennery
Hennery Brown
Pacific Coast
Potatoes Trade News From Chicago Market Report
Potatoes receipts 89 cars on track 241 cars total U S shipments 657 cars with trading slow and prices lower Kansas and Missouri sacked Irish cobbler 2 25 to 2 50 occasional fancy shade higher Nebraska sacked Irish.
MENTIONED IN THIS ARTICLE
Chicago
USDA
U. S
Kansas
Missouri
Nebraska
Cobblers Prices Briefly Marked In Minnesota Ohio Market
Cobblers, mostly around 2.50, Minnesota sacked early Ohios with prices at 2.00 to 2.25 per unit.
MENTIONED IN THIS ARTICLE
Minnesota
Also Mentioned on This Page
Mart
Federal Tires
J. & B. Tire Co
North Main Street
Henry
Stude
Dodge
Nash
Sedan
Motor Sales Co
South Main Street
Public Service Co
Armour
Balt & Ohio
Ches & Ohio
Chrysler
Sonsor
Enone
Duponteau
Hudson Motors
S. Be
Motors
Harveste
Nickel
Liggett Liggett & M B
Vy Lvill & Nash
Lorillard
Seene
MK & T
Mo Pac
Pan Am Pet
Ieee
Schulte Pfd
Sea Air Line
Seaboard
Sears Ree
Simmons Eae
St Oil
Western Union
Eee
Wld Oes
Max
Prec
Fee
Atlantic City
Birmingham
Charleston
Chicago O
Denver
Detorit
el Paso
Galveston
Ss SO
Greenville
Greensboro
Hatteras
Vicksburg
Cees
Wilmington
Chicago Grain
Stewart-Warner Radio
Elam Furn. & Washer Co
College St
Elam Furn & Washer Co
College Street
Kingan
DIC
SOC
Owen Baleed
Kellogg’s
A&p
White House
B. Pkg
India
Ceylon
Dethol
Gal
Jug
Avec
Lydia E. Pinkham
Joseph Caladaptro
Florida Avenue
Amsterdam
N. Y
Lydia E. Pinktiam
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