Stocks Rally Then Waver as New York Markets Open
Speculators buoyed by a lower federal reserve rate pushed prices higher at the session's start but heavy profit taking toward the close left many issues with modest gains. U S Steel reports a December unfilled orders rise to over five million tons, while Texas land trust and S Kresge hit new highs.
MENTIONED IN THIS ARTICLE
New York
New York Federal Reserve
United States Steel Corporation
Wall Street
New York Clearing House Committee
Texas Land Trust
S. Kresge
General Electric
Foundation Company
Fidelity Phenix Insurance
Pierce Arrow
General Motors
Associated Oil
General Petroleum
Mars
Opening Advance in Cotton Market
Opening advance in the cotton market gave way to a March contract drop from 26.08 to 19.98 with a closing at 19.98. January rose to 20.33 and July to 19.04 before profit taking. December gained four points.
Steadier Tone In the Bonds Market
New York Jan. 9 With uneasiness over a higher bank rate tempered by the removal of uncertainty regarding a change and by plentiful money the bond market showed a steadier tone. Selective buying of railroad obligations resumed and several issues moved higher on light turnover. Total bond sales $6,683,000.
MENTIONED IN THIS ARTICLE
New, York
Liberty
Chicago
Western Indiana
Illinois Central
Liberty Bond Group
United States Treasury
Rome built in a day joke
A classroom exchange turns on the proverb Rome wasn’t built in a day. The pupil retorts that Rome was built at night, claiming the teacher already stated the answer. The joke hinges on a playful misattribution of timing.
MENTIONED IN THIS ARTICLE
Rome
Optimistic View of Cotton Market Sparks Early Rebound
The New York cotton market reopened after New Year holidays with gains driven by firm Liverpool cables and hopes of export demand. Near months led the advance with March above 20 cents and October just above 18 1/2 cents as traders weighed possible shipments from the south and cautious demand reports. Prices firmed again late in the period aided by Manchester trade reports and a lack of selling pressure in southern spot markets.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Manchester
New Orleans
Advance
Liverpool Cables
Atlanta
Good Home Sought for Lovable 9-Year-Old Boy
Probation Officer Susie West reports custody of a 9 year old charming boy in need of a permanent good Christian home. Adoption requires good treatment and education. the child is the son of a mother unable to support him. Contact Miss Susie West by mail or at phone 2897.
MENTIONED IN THIS ARTICLE
Susie West
Miss West
Wheat Price Slump Tears Into Corn Market Momentum
Wheat faced a sharp price break in Chicago trading, led by heavy selling by Eastern-connected houses, easing the corn market from a recent advance as traders watched the grain complex.
MENTIONED IN THIS ARTICLE
Chicago
Wheat Market Reacts to Argentina Export Surplus Estimate
The wheat market closed weak with shares down 1 1-8 to 2 3-8 cents. New crop May futures at 1.77 1-4 to 1.77 1-2 and July at 1.62 to 1.62 1-4. Corn rose up to 3-8 cent, oats slipped up to 1-8 cent, and provisions showed mixed moves. An unofficial Argentina surplus estimate of 140 000 bushels influenced sentiment.
MENTIONED IN THIS ARTICLE
Argentina
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