Speculators Gain Control Again Of The Stock Market
New York June 5 speculators regained control of the price move ment as a money scare sparked initial losses of 1 to 7 points then a brisk rally erased many early declines. Call money opened at 6 1 2 percent with abundant funds, while reports of abroad funds and lower foreign exchange rates boosted bullishness. Prices in high priced specialties fluctuated wildly with notable gains in Farm implement, food, fertilizer, and public utility shares.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
AP Press
New York
Call Money
Federal Reserve
Treasury
Radio
Case Threshing Machine
Curtiss Aeroplane
General Motors
American International
International Harvester
International Combustion
Western Union
Rumsey Common
Allied Chemical
McCrory
Packard
Hudson
Kennecott
Montgomery-Ward
Kroger
Chicago Potatoes Market Report June 5
Potatoes receipts 129, shipments 447, stock demand and trading on sacks. Markets slightly stronger, barrels in fair demand, steady overall. Bliss Triumphs 2.30-2.50, Cobblers 2.40-2.50, Irish Cobblers 4.00-4.35. Wisconsin Round Whites 1.10-1.25, Minnesota 9 1.10, Idaho Russets 1.40-1.65.
MENTIONED IN THIS ARTICLE
Chicago
United States
Alabama
Louisiana
Texas
Mississippi
Bliss
North
South Carolina
Wisconsin
Minnesota
Idaho
Liverpool cotton prices steady amid mixed futures
Cotton market in Liverpool on June 5 held steady with American seed cotton values for various grades listed. Sales reached 5,000 bales with 3,800 American. Futures closed barely steady with July to May contracts quoted at 1114 to 1195.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago Dairy Market Receipts Report June 5
Chicago dairy report notes higher butter receipts at 20 105 tubs and eggs unchanged with 32 006 cases received. The brief item records commodity movements in Chicago markets for the day.
MENTIONED IN THIS ARTICLE
Chicago Dairy Chicago
Whitney's Market Notes Stirred by Higher Rates and Rumors
WhitneyForesees continued market volatility as call money hits seven percent and brokers loans loom larger. A Washington statement on speculation sparks selling, with a modest decline expected but a new buying point likely by midweek. Grain notes from Chicago describe dry western weather and potential wheat and corn price movements tied to harvests and rains.
MENTIONED IN THIS ARTICLE
Whitney
Weather and market notes from Liverpool and southern states
Cotton market briefing cites Liverpool exchanges at 12 15 p m on July 22 with gains over prior days and five thousand mils spot sales. Rain affected Meridian Montgomery and Palestine Texas totals. Forecasts call for showers across the Carolinas Georgia Alabama with fair conditions in parts of Texas and Oklahoma. Worth street activity described as higher but limited breadth.
MENTIONED IN THIS ARTICLE
Liverpool
Meridian
Montgomery
Norfolk
Palestine
Texas
Hell
Carolinas
Georgia
Alabama
Mississippi
Arkansas
Oklahoma
West Texas
East Texas
Fair
Worth Street
Clevenburg
Market Session Sees Further Selling Early Trade
The market is expected to absorb more selling in the early part of today’s session, with attempts to rally the list likely before the close.
Stock summary shows mixed gains and losses across firms
Jewel Tea four weeks ended May 198 posted 1,262,000 versus 1,138,000 a year earlier, boosting twenty week total to 5,017,000 compared with 5,550,000 last year. Tidewater Oil declared a regular 20 cent dividend. Mexican Seaboard Oil first quarter net loss 427,000, after charges, versus 518,000 loss in 1927. Pullman Transportation April net after taxes 632,000, down from 691,000 in April 1927. New York Stock Exchange brokers loans at end May 5,275,046,281, a fresh high and up 366,263,682 from the prior high of April 30, 1927.
MENTIONED IN THIS ARTICLE
Tidewater Oil Co
N. Y. Stock Exchange
Grain market notes point to buying opportunities
Stock Gossip notes Thomson and McKinnon say every setback in wheat offers a buy. It seems unlikely coarse grains weaken until country movement increases. Bartlet Frazier Co. expects the corn situation to favor higher prices.
MENTIONED IN THIS ARTICLE
Thomson and McKinnon
Bartlet
Frazier Company
Cotton Opinions: Pynchon and Company Forecast Buy Now
Pynchon and company urge immediate buying with a note on setbacks. Orvis Brothers recommend continuing to buy as markets develop ease. Hubbard Brothers predict unsettled weather across the region, forecasting higher market activity.
MENTIONED IN THIS ARTICLE
Cotton
Pynchon and Company
Orvis Bros
Hubbard Bros
Cotton outlook hints 14.5 million bale crop forecast
Continued rains soak eastern and central belts with over four inches in Montgomery and lighter showers in Arkansas Oklahoma and parts of Texas and Missouri. Forecasts for Tuesday predict cloudy showers in the eastern central belts, with the western belt partly cloudy and warmer in Texas Oklahoma and nearby areas. Clement Curtis notes it is early to forecast but implies a crop around 14 500 000 bales depending on future conditions.
MENTIONED IN THIS ARTICLE
Montgomery
Arkansas
Oklahoma
Texas
Missouri
Clement Curtis
Stanley
Stock Opinions from Hornblower and Weeks and Others
Hornblower and Weeks foresee the copper group climbing notably higher as oils regain favor with large refining firms likely to perform best. Chisholm and Chapman advise continuing to buy on yesterday’s setbacks. Jackson Bros. predicts an 8
Chicago Livestock Market Report Shows Mixed Hogs Cattle Trends
Chicago reporters note hog receipts at 28 000 with market strong on better grades for 180 pounds and up, lighter weights weak yet top price 9.95 for 200–250 pounds. Cattle and calves say light steers and yearlings firm, heavy steers slow, various weight classes quoted from 8.60 to 15.00 for steers and 13.25 to 14.90 for good fat cattle. Sheep and lambs steady with fat lambs and yearlings around 17.50 to 19.35 for 92 pounds, ewes and cull stock lower.
MENTIONED IN THIS ARTICLE
Chicago
USCOA
New York Dairy Prices Reported for Butter and Eggs
New York dairy notes show butter prices at creamery firsts 88 to 91 score and 41 1 2 to 45 1 2. Eggs remain unchanged in price across the board.
MENTIONED IN THIS ARTICLE
NEW York Dairy
New York
Poultry Prices Jump on New York Market Report
Live poultry firm broilers move at 20 50 by express in New York market with June report notes.
MENTIONED IN THIS ARTICLE
Poultry
New York
Broilers
Express
Butter and Egg Market Report from New York
New York market report shows butter steady with 27,317 crates received, creamery butter higher than extras at 44 Y-245, eggs steady with 97,197 received, and cheese firm with 271,038 receipts. The brief notes the day’s price movement and supply levels for dairy products.
MENTIONED IN THIS ARTICLE
NEW York Dairy
New York
Cotton futures close stronger across most contracts
New York June 5 cotton futures finished with advance in most active months. January and March posted around 2059 to 2075, July near 2082, October higher at 2089, December about 2071 amid mixed highs and lows and late gains.
MENTIONED IN THIS ARTICLE
New York
P.C
Wheat and grain prices report from Chicago market
Chicago on June 5 lists wheat No 8 spring 1.43 to 1.54, corn No 2 mixed 1.06 to 1.07, No 2 yellow 1.07 to 1.08, oats No 2 white 0.65 to 0.71, No 3 white 0.66 to 0.79, rye no sales, barley 0.92 to 1.03, Timothy seed 4.10 to 4.85, clover seed 19.75 to 27.00.
MENTIONED IN THIS ARTICLE
Chicago
Raw sugar futures ease as dealers show liberal offerings
New York sugar market opened softer with renewed long liquidation. Early declines ran 1 to 5 points, midday levels 2 to 5 points below prior close. Refined prices unchanged around 6.05 to 6.10, while second hand sugar offered at 6.00 amid limited demand.
MENTIONED IN THIS ARTICLE
New York
Cottonseed oil prices steady with broad futures spread
In New Orleans on June 5 cottonseed oil closed steady with diverse bid levels across months. Prime summer 975, prime crude 850 900, January 1010, June 975, July 980, August 990, September 990, November 1000, December 1005.
MENTIONED IN THIS ARTICLE
New Orleans
Cottonseed OTL Market Report Shows Mixed Prices
Cottonseed closed easier with a range of futures and spot quotes. Prime summer yellow values hit 1025 with crude near 88744 900 and forward months from January to December listed, totaling 11 900 in sales.
New Orleans futures close steady with slight decline
Cotton futures ended the session with a net drop of 20 to 25 points. In New Orleans trading the January contract opened at 2062 and closed at 2030, while nearby March, July, October and December futures posted similar declines from intraday highs to close prices.
MENTIONED IN THIS ARTICLE
New Orleans
P.C
Wheat prices fall as rains press Canadian and American markets
Chicago reports widespread rain in the Canadian northwest and showers in American spring wheat areas trigger automatic selling orders to cap losses. Unexpected drops in Liverpool wheat prices add to the bearish sentiment as holdings are liquidated.
MENTIONED IN THIS ARTICLE
Chicago
Canadian Northwest
Liverpool
Foreign exchange rates in New York June 5
The New York foreign exchange market shows easy quotations in cents with major currencies: Great Britain at 487 3-4 demand and 488 5-32 cables, France 3.93 demand and 3.93 1-4 cables, Italy 5.26 1-2 demand and 5.26 3-4 cables, and others including Belgium, Germany, Holland, Norway, Sweden, Denmark, Switzerland, Spain, Greece, Poland, Czecho-Slovakia, Yugoslavia, Austria, Romania, Argentina, Brazil, Tokyo, Shanghai, and Montreal with specified rates.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo- Slavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Market Brief: Silver Prices Mix in New York Trading
In New York on June 5 bar silver at 60 1 4 for Mexican dollars and 46 3 8 for standard dollars quoted. The report notes slight shifts in precious metal values amid steady demand.
MENTIONED IN THIS ARTICLE
New York
Call Money Market Report from New York
Call money strong with a high of 61 and a closing bid of 61. Time loans firmer with 60 to 90 days at 51 to 52 and 4 to 6 months at 51 to 52. Prime mercantile paper quoted at 41 to 43. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Market for metals shows mixed gains and steadies
Copper steady around 1434 for spot and futures. Tin eases near 4950. Iron remains quiet. Lead flat with spot prices in New York around 630 and East St. Louis 615 620. Zinc dull with East St. Louis spot 612 615 and futures 615 617. Antimony spot at 1050.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Annual Affair Highlights Davidson County Officials Banquet
Miss Margaret Linker and Miss Elizabeth Cornelius hosted the Davidson county boards of commissioners and education at the annual banquet in the American Legion hall. The event, held Monday at noon, is a longstanding tradition enjoyed by both boards.
MENTIONED IN THIS ARTICLE
Lexington
Margaret Linker
Elizabeth Cornelius
Board of County Commissioners
Board of Education
American Legion
Davidson County
No Compliment Homely Client Exchange at Window
A gag exchange unfolds as a photographer offers to take a portrait from the window. The client balks at the joke, replying that the portrait is a compliment, while the photographer cheekily repeats the offer and price. The scene captures a vaudeville style mischief piece with sharp wit.
Rhododendron Festival Crowns King and Queen in Asheville
Asheville crowds filled the Rhododendron Festival with a diverse pageant featuring episodes from North America and distant lands. A large square dance in Pack Square capped the events after Bingham McKee and Rose Corrigan were crowned king and queen at Grove Park Inn.
MENTIONED IN THIS ARTICLE
Asheville
North Carolina
Japan
China
India
Russia
England
Greenland
Pack Square
Bingham McKee
Rose Corrigan
Grove Park Inn
Brazil clerks demand longer lunch period
In Rio de Janeiro commercial workers push for a 90 minute lunch break. A large company already added an extra half hour, and now a committee of employees urges the Commercial Association to adopt the change. They argue a nine hour day warrants more time for lunch and rest.
MENTIONED IN THIS ARTICLE
Brazil
Rio DE Janeiro
Turkish Officials Required to Marry Native Women
Angora June 5 Turkish government bans marriage of ambassadors or high officials to foreign wives. The rule carries dismissal and was recently applied to a high aviation corps officer who returned with a German spouse. Exceptions have occurred when foreign wives are wealthy.
MENTIONED IN THIS ARTICLE
Angora
Turkey
Language survey notes tongues without nouns or verbs
Sir George Grierson reports in Bombay that a language lacking nouns or verbs is among 189 languages cataloged in his India linguistic survey. The study covers 179 languages and 544 dialects, describing diverse phonetic rules and grammatical systems across a population of about 290 million.
MENTIONED IN THIS ARTICLE
Bombay
Sir George Grierson
India
Dublin University
Ireland
Sir George
Sleeveless Frocks for Hot Afternoons
The article notes afternoon frocks are sleeveless for hot days. It highlights a bertha or detachable cape of same material as a stylish, practical addition.
MENTIONED IN THIS ARTICLE
Bertha
German contest offers prize to end city street noise
Germany launches a competition to stop urban clatter with a $200 prize for the best plan. The scheme targets traffic grind, jolt, garbage banging, horn noise, and street cries, measured by the Backhausen meter. Open until December 1 under the Association of German Engineers.
MENTIONED IN THIS ARTICLE
Berlin
Germany
Backhausen
Association of German Engineers
Tuck-in Blouses and Piquet Suits in Soft Voile
New piquet suits in soft colors pair with fine voile blouses designed to tuck into the yoke of the skirt, offering coordinated fashion options.
Try an Easy Washer and you will be pleased
An advertisement urges readers to try an Easy Washer with a contact phone number 2876. The short note emphasizes satisfaction from using the appliance.
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Michebe
H. Warthington
Sunad Ave
Atlanta
Teethina
John F., Clark & Company
Commercial National Bank Building
Washington
American Northwest
Dakotas
Iowa
Tribune
Chicago Livestock
Adams Millis Re
Ajax
Amn Tel
Amn
Balto Ohio
Beth Steel
Elec
Fleisch Yeast
Freeport
Tex
Goodyear
Ees
Hudson Motors
Wenvss Ee
Ligett Meyers Ene Sae
Ludlum Steel
Syuttinglg Tor
Cca We
Mo Pac Ry Ee
Genl Motors
Nash Motors
Overland
Park Tilford Os
Conti Motors
Packard Motors
Pan Amn Beveeervret
Remington Rand
R J Reynolds
Vetesskaae
Seaboard Ry
Sears Roebuck
Studebaker Motors
Warner
Vick Chem
Telee
White Motors
Westa Elec
Crucible Steel Reewer Ee
Omree
Miami Copper
CRI
P Ry Co
Ches and
Ohio
Ocewe Eet
Goodrich Rubber ‘Eee Ae
Kelly Springfield Eee
Kenecotte Copper Ee
Otis Steel
Eee
Seaboard Oil Wise
Dupont Wwee
NEW York Futures
Wiliam Howard Taft
President Coolidge
American Red Cross
Dwight Davis
Taft
Mr. Coolidge
Utation and Service
Hiatt Tire Co
West High St
California
Mas
Henry
COMPA
Oana
Ee AN
Alia Ter Pres