Market gains buoyed by merger talk and steel outlook
The stock market rose on merger rumors and expectations steel use will rise toward 90 percent capacity by March. U S Steel led advances with Bethlehem and others climbing on expectations of favorable reports and strong speculative interest fading the prior Bank of England disappointment. In Florida, testimony at Patterson murder inquiry described a loaded gun found on the mortally wounded bootlegger.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosit
Associated Press
New York
Bank of England
U. S. Steel Common
Bethlehem
William Fox
Fox Film
Allis Chalmers
J. I. Case
International Harvester
Oliver Farm Implement
International Combustion
Underwood Elliott Fisher
Eastman Kodak
Harlem
Canadian Pacific
Norfolk and Southern
Pittsburgh
West Virginia
Colorado Fuel
West Palm Beach
Fia
F. R. Patterson
George W. Moore
Patterson
James K. Moncure
R. C. Baker
H. F. Hazard
Jamess
Kugler
W. M. McNulty
McNulty
Baker
Moore
Frank H. Matthews
Matthews
Liverpool Cotton Prices and Sales Report
Liverpool cotton market shows fair demand and steady prices with American cotton strong on middling ranges. Spot sales reach 6,000 bales with 4,500 American. futures mostly up with January at 9.13 and October 9.35. A note oddly states twenty five miles of spider thread would weigh eight ounces.
MENTIONED IN THIS ARTICLE
Liverpool
Weather and political notes from nationwide dispatches
Temperature in Wensboro Kentucky dropped to 20 degrees below zero marking the coldest reading since 1899. In New York a congressman reopened the poisoned alcohol debate presenting letters from the Prohibition Commissioner. In New Jersey a prohibition administrator claimed a requests raid on a port official’s lodge. In Philadelphia a hotel executive died from a fall on a ninth floor fire escape. Jugoslavia named Miss Jugoslavia for 1930.
MENTIONED IN THIS ARTICLE
Wensboro
Weather Bureau
Eware
N. J
William J. Calhoun
New Jersey
James K. Shields
State Anti-Saloon League
Arthur F. Foran
Port of
New York
New York Stocks Mixed Across Major Industries
A sweep of names shows varied movement among chemical and dye stocks, sugar, tobacco, and manufacturing shares. Notable entries include Ford, American Beet Sugar, Anaconda, DuPont, Philip Morris, Reynolds Tobacco, Studebaker, Union Pacific, Wells Fargo, and Western Union among others, with price shifts ranging from small gains to double-digit percentages and several listings hitting around 20 to 40 percent. The day closes with trades totaling 2,713,000 shares and broad activity across the market.
MENTIONED IN THIS ARTICLE
FORD
Vowselves
Ccebee
Geen
Seeee- Evasecowkhog
Bugar
C.sccccesesuces
Vcccegnee
Asaceseves
Csssscees
Ccsevesass
Atmouf Ao Ncesescvecsase
ArMour
Atlantic
Balto and
Ohio
Beth Gteel
Ccscsevess
Cannon Mills
Cescesese
Ches
Wee Teaecetwess Sah
Coch Cola Sc
Consol Cigar
Eee
Davidson Chem
Eseee
Dyusa Trs
Cccpecoeaaes
DuPont
Es Seesemes
el Power
Vcccnesevsne
GME Hole Fieve Ck
Mouston
Hudson Motors
Hupp Motore
Rerceseess
Comb Eng
Pont Harvewees
AG Pe Asvesvos Cove
Liggett and Myers
Liggett and Myers B
Lorillard (Pierre
Mo Pac
Tie Cree
Monty Ward
Esceeess
Pamt Fam Lasky
Lee
Phillip Morris
S.s
Reynolds Tob
Ewe
Schulte
Bordorth
Sears Roebuck
Haimmote Gio
Bindlair
Oss
Sou Railway
Poe
Ae SC
Studebaker
Cose
Tenn Cop
pTexag Corp
Timken Bill Bear
Jocre
Union Pacific Radi
United Dig
Hee Wien
Iss
Voss Speee Ss
Cotton Opens Steady as Census Output Influences Trade
New York January 23 cotton markets show an opening advance of 2 to 7 points with active months about 2 to 9 points higher at first trade. Census bureau reports 14,187,779 bales before January 16 vs 13,888,972 last year, aligning with expectations. Selling in the field limited, some selling in New Orleans and Liverpool, prices edging down to 17.83 March and 17.52 May by midday. Dr. Clarence Poe of Raleigh to speak at Wilkes county Grange January 24 with Harry B. Caldwell announcing.
MENTIONED IN THIS ARTICLE
New York
Census Bureau
New Orleans
Livabooel
Liverpool
Poe
North Wilkesboro
Clarence Poe
Raleigh
Wilkes County
Harry B. Caldwell
Gran
Conference on naval needs yields cautious stance
France and Italy announce no new naval commitments at this time, prioritizing reduction if possible. The talks, chaired by Prime Minister MacDonald, emphasize equality in naval power as a basis for conference aims and note readiness to hear other nations’ concerns. New Orleans cotton market also reports slight gains and subsequent pulls, with March at 17.29 and May 17.52 before easing.
MENTIONED IN THIS ARTICLE
United States
America
MacDonald
Maurice Hankey
North Carolina Industries Press Freight Rate Protest
North Carolina witnesses from cotton mills iron and steel works road machinery stove makers underwear producers and leather firms testified at a freight rate hearing before Examiner Archer of the Interstate Commerce Commission. The probe seeks to prove discrimination favoring Virginia and other territories with more sessions planned through Saturday.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Archer
Interstate Commerce Commission
Virginia
Herman Cone
Greensboro
Thackston Richardson
Co. W. Bauserman
Winston- Salem
Carl R
J. W. Roberts
The
Corporation Commission
Outing Gowns and Sheets and Wool Sweaters Advertised
A brief classified item lists ladies outing gowns in full cut and good quality 81 by 90 seamless bleached sheets at 95 cents each and men’s and boys wool sweaters offered in all colors.
Also Mentioned on This Page
Steele
Bulletin
Ashington
Sirovich
Democrat
Doran
House
Hiladelphia
Charles Ellis Goodin
Adelphia
Ceca Drobnjak
Jugoslavia
Bar
Jan
Amer Inv
France
Italy
Chicago
N. H. Silver
Eaird
Chatham Elkin
Efird’s
Vici
Efird’s Department Store
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