Hoover Boosts On Nomination Prospects At Republican Convention
Kansas City June 12 The Republican convention opens with optimism for Herbert Hoover as a Coolidge nomination seems unlikely. Officials predict Hoover on first ballot if Pennsylvania uncommitted delegates swing his way. Mellon caucuses and state delegations shape a likely Hoover victory while Coolidge is ruled out.
MENTIONED IN THIS ARTICLE
Kansas City
Coolidge
Hoover
Commerce
Pennsylvania
Mellon
Treasury
Keystone State
William S. Ware
Philadelphia
Senate
New York
Washington
Cotton Futures Open Steady in New York
Cotton futures opened steady in New York with active contracts for July 2035 October 2047 December 2028 January 2014 and March 2011 proving the market's current pricing stance.
MENTIONED IN THIS ARTICLE
New York
B C Stops Headaches and Quiet Nerves
Advertisement touts B C as a fast relief remedy from Durham North Carolina for headaches neuralgic pain and sciatic discomfort. It claims a five ingredient formula provides rapid relief with no depression or after effects and offers 10c or 25c sizes from RB Cc Remedy Co. Dept. 11 Durham NC.
MENTIONED IN THIS ARTICLE
North Carolina
Durham
N. C
Market Shakeout Seen to Signal Bottom and Rally Ahead
Whitney notes that after a sharp market drop the industrials closed about 3 3 4 points lower and rails 2 1 4 under Saturday, but argues the bottom is in and a rebound plus heavy short covering will begin from this level as strong buying continues.
MENTIONED IN THIS ARTICLE
New York
Cotton Market Update From New York Trade Report
Liver pool at 12:15 p m October and January due July 6 American prices lower than due spot sales 6 000 Bales Midlings 113.5 against 45 yesterday Southern weather mixed damp in Jacksonville forecast showers in North Carolina and South Carolina Georgia Alabama fair and warmer Mississippi fair with showers tomorrow Arkansas Oklahoma rain cooler tomorrow Texas showers north. Reports show five week period sales at 77 2 percent of production shipments 93 4 percent of production stocks 441 000 000 yards end of month vs 418 000 000 May 1 unfilled orders 57 000 yards less than May 1 liquidation on weakness in stocks and lack of speculation for advance on weather. advise long side on favorable opportunities due to potential weevil damage later.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Jacksonville
North Carolina
South Carolina
Georgia
Alabama
Mississippi
Arkansas
Oklahoma
Texas
Association of Cotton Textile Merchants of
Clevenburg
Stock Summary Roundup From New York Markets
Standard Oil of New Jersey advanced tank wagon gas cheaper by one cent a gallon in South Carolina. Manhattan Electric Supply Company declared a regular quarterly dividend of 1.25. Average 20 industrials fell 2.77 to 205.74. Average 20 rails declined 2.20 to 135.86.
MENTIONED IN THIS ARTICLE
New York
Standard Oil of
New Jersey
South Carolina
Manhattan Electric Supply Company
Market Roundup: Silver and Mexican Dollar Rates
New York price report shows Bar Silver at 60 1 4 cents per unit and Mexican dollars at 46 1 2 cents. The brief notes current metal values and currency unit quoters in an early session update.
MENTIONED IN THIS ARTICLE
New York
Cotton futures open steady in New Orleans trade
New Orleans on June 12 reports cotton futures opening steady with July at 20.19 cents per pound and later months including October 19.91, December 19.90, January 19.88, and March 19.88.
MENTIONED IN THIS ARTICLE
New Orleans
New York Cotton Opens Steady Before Midday Decline
The New York cotton market opened steady at a 9 to 14 point decline, with active months posting net losses of 11 to 14 points amid unsettled stock markets and bearish May cloth statistics. By midday, prices were 16 to 20 points lower, October at 20.36 after a brief rally.
MENTIONED IN THIS ARTICLE
New York
Mehber
Wall Street
Cotton prices ease on fair demand in Liverpool market
Cotton spot in fair demand with declines across grades in Liverpool. American grades show strict good midling 11.85 and good middling 11.55 while middling sits at 11.35 and lower grades down to 10.55. Sales total 6,000 bales, receipts 8,000 with 900 American. Futures quiet with July 10.87, October 10.74, January 10.65, March 10.65, May 10.63.
MENTIONED IN THIS ARTICLE
Taverpool
Liverpool
Chicago Potatoes Report From June Market
Chicago on June 12 reports 147 carloads of receipts on track 381 and total U S shipments 101. Prices decline and demand eases as old stock trades slowly. Alabama Texas Georgia and Wisconsin sacks are listed with prices for Irish cobblers and sacked Russets vary across regions.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Alabama
Louisiana
Texas
Georgia
Idaho Washington
Grain opinions temper wheat and corn outlooks
Thomson and McKinnon warn against assuming a permanent drop in values due to a likely small spring wheat yield. Logan and Bryan expect the winter wheat harvest reports to drive a two sided market next week. The corn market lacks outside aggressive demand.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
Logan & Bryan
Cotton Opinions Market Note
Pynchon and Orvis Bros discuss cotton trends with emphasis on buying on setbacks and averaging downward. Hubbard Bros notes sections in poor condition, anticipating weeks of dry hot weather and no June improvements yet.
MENTIONED IN THIS ARTICLE
Pynchon
Orvis Bros
Hubbard Bros
Weather and grain market reports from Memphis area
Cotton news notes cooler Memphis temperatures and light rains across Memphis Nashville Chattanooga and New Orleans districts with rain in Alabama. Forecasts show Tuesday fair in eastern central belts and cloudy western belt with showers. Trade in wheat is subdued with price declines about 11 2 to 17 8 from Saturday. Canadian winter wheat condition 89 and spring 100 with oats 98 and rye 93. no crop acreage estimate provided.
MENTIONED IN THIS ARTICLE
Memphis
Nashville
Chattanooga
New Orleans
Alabama
Stanley
the Tribune
Liverpool
Canadian Northwest
International Lines
Canada
Chicago Livestock Market Report June Winded
Chicago livestock market report shows hogs trading higher on heavy weights with top around 10.20 for 250 lb hogs and mixed moves across weights. Cattle and calves slow with demand for well finished steers, with prices from 9.25 to 14.75 for various weight classes. vealers and yearlings steady to higher. Sheep and lambs weak with fat lambs down about 25 cents and feeding lambs steady to weak.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
New Orleans Cotton Slips on Liquidation Marks Decline
The New Orleans cotton market fell about 2.50 a bale as longs sold amid political uncertainty and stock-market unease. July eased to 19.83, October to 19.57, and December to 19.55, with mid-session weakness continuing and exports totaling 20 315 bases.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton market opens lower as futures slip into midday
Bearish statistics from the textile bureau and weak Liver pool cables push the cotton market down at the open. First trades show declines of 7 to 10 points with July at 20.13 and October 19.90, before a late buyback lifts to 20.29 for July and 26.07 for October as storm fears ease and prices ease off later in the session.
MENTIONED IN THIS ARTICLE
New Orleans
Textile Bureau
Liverpool
Stock Market Slumps After Brief Rally Fades
New York June 12 The stock market plunged after an early rally failed to draw outside buying. At least two million shares traded by midafternoon as Banctely Corporation stock on the curb market dropped sharply. Radio and several high priced favorites fell, while a number of firms hit new low yearly records amid political uncertainty.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Banectaly Corporation
Call
General Motors
Wright Aeronautical
American International
Russia Insurance
Case Threshing
American Bank Note
Abraham and Straus
Baltimore
Ohio
Pennsylvania
Kansas City Southern
Chesapeake Corporation
Crucible Steel
Republic Steel
AY Department Stores
Liggett and Myers B
Western Union
Stock market slide spurs early liquidation
The sharp break in stock prices yesterday led to more liquidation at today's market open. Allied Chemical rose 2 1 2 points on the first sale while Radio gained fractions. American Smelting and Curtiss Aeroplane fell about a point. Several favorites including Sears Roebuck, New York Central and Chesapeake and Ohio also slipped.
MENTIONED IN THIS ARTICLE
New York
Allied Chemical
American
Curtiss Aeroplane
Sears Roebuck
New York Central
Chesapeake and Ohio
Sugar market shows renewed activity as Porto Rican crude leads
New York reports 28,700 bags of Porto Rican raw sugar sold at 4.27 delivered to a local refiner, down 132 cents from prior sale. Nearby duty frees hold at the same price while Cuban sellers seek higher. Refined steady at 6.05 to 6.10. withdrawals remain large but new business weak. President Machado expected to sign decree withdrawing 300,000 tons, prompting cover.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Cuba
Machado
United States
Metals Market Snapshots Show Mixed Copper and Tin Moves
Copper firm with steady electrolytic spot and futures at 1434. Tin eases with spot and futures around 487. Lead remains unchanged with New York at 630 and East St. Louis at 620. Zinc firm with East St. Louis spot listed at 612 and 615, futures at 615 and 617. Antimony priced at 10.00.
MENTIONED IN THIS ARTICLE
Metals
New York
East St. Louis
Wheat slips as rains hit Chicago grain market
Soaking rains in domestic crop areas and lower Liverpool quotations sparked an early drop in Chicago wheat. July wheat opened 7 to 8 cents down and traded as low as 21 4 cents below prior levels before later showing further losses. Corn moved in mixed fashion with initial declines then modest gains, while oats and provisions fell.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Foreign exchange rates listed for major nations
New York June 12. Irregular foreign exchange quotations shown in cents and percentages. Rates include Great Britain 487, cables 488 5-32, 60 day bills 484 5-16. France demand 3.93 1-8, cables 3.93 3-8. Germany 23.87, Holland 40.3144, Norway 26.78, Sweden 26.82, Denmark 26.82, Spain 16.62, Greece 1.30, Poland 11.25, Czechoslovakia 2.96 1-4, Yugoslavia 1.76, Austria 14.08, Argentina 42.62, Brazil 12.00, Tokyo 4638, Shanghai 67.00, Montreal 99.78 1-8.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Spain
Greece
Poland
Czecholovakia
Jugo Slavia
Austria
Call Money Market Report New York June 12
Call money firmer with all loans at 6 and closing bid 6. Time loans show mixed collateral for 60-90 days at 51-2 to 55-8 and 4-6 months at 51-2 to 55-8. Prime mercantile paper at 4 1-2 to 4 3-4. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Cotton futures close data from New York market
New York June 12. Cotton futures closed with front positions mixed and several contracts posting gains on the day. January 2014 traded 1985 to 2027, March 2028 to 2022, July 2009 to 2046, October 2013 to 2053, December 1998 to 2038, reflecting subtle shifts in open, high, low, and close readings.
MENTIONED IN THIS ARTICLE
Cotton Futures
New York
P .C
New Orleans
P.C
Fences Signal New Farming Era in Bread Basket Valley
GRAND FORKS North Dakota fences mark a shift from vast wheat fields to diversified farming in the Red River valley. Once the bread basket with yields of 20 to 40 bushels per acre, the region now fences farms to manage livestock, expands dairying, cream eries rise, a sugar beet plant operates with 15 000 acres of beets, and plans for canning factories grow as miles of new fencing appear.
MENTIONED IN THIS ARTICLE
Grand Forks
N. D
Red River Valley
North Dakota
Minnesota
Turpentine and rosin market figures from Savanna GA
Naval Stores at Savannah Georgia on June 12 report turpentine firm totals with sales, receipts, shipments, and stock levels. Rosin firm shows sales, receipts, shipments, and stock, with price quotes for various grades and grades listed as BE, D, WG, WW, and X.
MENTIONED IN THIS ARTICLE
Naval Stores
Wheat prices dip to lowest since March amid bearish crop report
Persistent selling driven by good rains in the northwest and a bearish Canadian crop report pushed Chicago grain prices lower. The first car of new domestic wheat arriving at any terminal spurred further selling as traders priced in weaker demand.
MENTIONED IN THIS ARTICLE
Chicago Grain
Chicago
American Northwest
Fort Worth Market Reports Mixed Grain and Provisions Move
Fort Worth Texas reports show wheat unsettled 17 to 23.4 cents lower, corn down 1 to 4 cents, oats down 1 8 to 1 3 8 cents, while provisions swing from 10 cents decline to 7 cents gain.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
Spot cotton closes quiet in New Orleans market
New Orleans spot cotton ends 33 points lower with 478 bales sold. Low middling grades near 19.20 cents, Middling at 20.10, Good middling 20.50. Receipts limited, stocks reported at 276,535.
MENTIONED IN THIS ARTICLE
New Orleans
Chicago Wheat and Grain Prices Reported in June
Chicago markets show Wheat at 6.2 hard 144 and 141.1-2 for mixed. Corn No 2 mixed 105 with other yellow 105 1-4 105 1-2. Oats No 2 white 70 73. Barley 92 103. Timothy seed 410 485. Cloverseed 1975 2700. Lard 1157. Ribs 12.50. Bellies 1387.
MENTIONED IN THIS ARTICLE
Chicago
Cottonseed Oil Prices in New Orleans Market
In New Orleans on June 12 cottonseed oil closed barely steady with prime summer yellow at 9.45 and prime crude at 8.50.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton futures close steady with small decline
Cotton futures finished the session with a net drop of 33 to 35 points as trading closed. The market reflected slight weakness across the active months with modest losses noted in January March and later contracts.
U.S. Government Bond Closing Prices Report
New York June 12 government bonds finish with Liberty issues at 100.7 to 101.6 and Treasury issues around 105.22 to 113.13. Liberty notes include 8 12s 41 45 101.6 and 41 48 100. Treasuries cover 41 48 113.13 and 3 48 105.22.
MENTIONED IN THIS ARTICLE
Vu. S. Bonds
New York
U. Government
Liberty
Treasury
Denmark Expands Apple Purchases From America
Denmark has tripled its apple imports over five years as it buys more American fruit. Most imports come from Virginia with California and other states also supplying fruit. Smaller amounts arrive from Australia, Italy and the Tyrol.
MENTIONED IN THIS ARTICLE
Copenhagen
Denmark
Virginia
California
Australia
Italy
Tyrol
Refrigerator exports rise sharply in 1927 trade
Washington reports American electric refrigerator exports more than tripled from 1926 levels. Australia, British South Africa and Mexico emerged as the leading buyers in 1927.
MENTIONED IN THIS ARTICLE
Washington
Australia
British South Africa
Mexico
Also Mentioned on This Page
Paul F. Haupert
South Main St
John F. Clark & Company
Commercial National Bank
Whitney
Carly
Stanley W. Prenosis
Ee Adams Millis
Amn Can
Rene
Ajax Rubber
Amn Tel
Balto Ohio
Beth Stee
Ee Ee
Chrysler
Dodge Motors
Ele Power and
L “Eee
Fleisch Yeast
Famous Players
Mt Sh Freeport Tex
Elec
Goodyear Rubber
Hudson Motors
Montgy Ward
Eee
Geal Motors
Nash Motors
Overland
Park Milford
Conti Motors
Packard Motors
Pan Ama B
Postum
Remington Rand
J. Reynolds
ST P Ry
Seaboard Ry
Westa Elee
Ann Wollen
Pierce Arrow
Woolworth Ce Sakee
P Ry Co
Ches and
Intl Cement O
Kresge S Ve
Stand Oil of
North Amn Co
Simmons Co “Ee
Sinclair Oil
Loews
Dupont Cos Se