Huge losses versus paper profits in the stock market
New York reports a dramatic market drop with billions in paper losses. General Motors fell from its yearly high by 550 million dollars as heavy trading topped 5,193,600 shares. Analysts cite political and financial factors including draft Coolidge, speculative excesses, higher call rates, and bank loan calls ahead of tax payments.
MENTIONED IN THIS ARTICLE
New York
General Motors
Kansas City
Federal Reserve Bank
Cotton market in Liverpool slides with mixed American demand
Liverpool on June 13 reports middling and good middling cotton prices down across grades. Sales reach 6,000 bales with 5,000 American. receipts 2,000 none American. Futures close quiet with July 10.74 and Oct/Jan/Mar/May around 10.5.
MENTIONED IN THIS ARTICLE
Liverpool
Cotton Futures
New York
Cotonn
Potatoes market reports slow trading and varied regional prices
Potatoes in Chicago on June 13 show receipts 142 cars on track 358 and total U S shipments 915 cars. Markets weak on sacks and mostly steady to barrels with slow trading. Bliss varieties in Alabama Louisiana Texas quoted 1.35 to 1.50 with some 1.60 to 1.65 for select Texas, Irish Cobbler in North Carolina barrels 2.75 to 3.00, Wisconsin sacked round whites near 1.00, Idaho russets No 1 1.10 to 1.20.
MENTIONED IN THIS ARTICLE
Chicago
United States
Alabama
Louisiana
Texas
North Carolina
Wisconsin
Idaho
Metals market report steady copper futures and firm zinc
In New York on June 13 metal prices showed copper steady with spot and futures up 14 percent. Tin was easy at 4837, lead held around 6.30 in New York and 6.20 in East St. Louis, zinc remained firm with spot 6.12 6.15 and futures 6.15 6.17, antimony at 9.75 and quicksilver at 123.00.
MENTIONED IN THIS ARTICLE
New York
Tron
East St. Louis
Future
Mello Glo Cocoa Butter Cleansing Cream Offered
Mann Drug Store promotes the Mello Glo Cocoa Butter Cleansing Cream that claims to age skin gently. It promises firmness and fullness, cleansing grime without growing hair, and soothing sun and wind burn.
MENTIONED IN THIS ARTICLE
Mann Drug Store
Willys Overland Plans June Dividend Action
Willys Overland directors discuss delaying any dividend action until June 21 while the regular quarterly dividend of 1.75 on preferred is declared. National Biscuit Company declares an extra dividend of 0.50 on common stock and a regular quarterly 1.50. Average 20 industrials down 3.09 to 202.65 and Average 20 rails down 1.08 to 134.78.
MENTIONED IN THIS ARTICLE
Willys Overland
National Biscuit Company
Market optimism hinted after a dour trading phase
Whitney notes that despite yesterday's losses the market likely found a bottom and may show gains today as institutions return to buy. He argues the Republican nomination prospects do not doom Hoover, warns against premature stock sales, and observes high quality buyers stepping in as prices stabilize.
MENTIONED IN THIS ARTICLE
New York
Hoover
Whitney
Cotton Market Report from New York and Savannah
The cotton market shows American points ahead of due with July and October positions noted. Spots at 6,000 mids with prices 1120 to 1135. Southern weather cloudy with rain in Savannah and forecast for showers in belt. Journal of Commerce notes crops backward due to rain and heat, slow weevil emergence, and lighter infestation expected. weak inquiry for new crop and light Worth street activity. Continued showers raise concern for future weevil damage. Clevenburg.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Savannah
West Texas
Memphis Cotton Review
Journal of Commerce
Worth Street
Stock Gossip and Market Outlook Commentary
Stock gossip notes optimism for E F Hutton with big upside volume suggesting further downside risk upon liquidation. Horn and Weeks see buying interest at current levels and expect a temporary reversal as traders test prices.
MENTIONED IN THIS ARTICLE
E. F. Hutton
Horn
Weeks
J. F
Weather outlook delays field work across southern states
Memphis reports warmer temperatures with light to moderate rain across Georgia, Alabama, Arkansas, Missouri and Oklahoma and heavy rain in Fort Smith. Forecasts call for fair conditions in the eastern belt and generally showery western areas. Week temps were mild with lots of clouds delaying general field work. Stanley.
MENTIONED IN THIS ARTICLE
Memphis
Georgia
Alabama
Arkansas
Missouri
Oklahoma
Fort Smith
Central Belt
West Texas
Mississippi
Tennessee
Louisiana
East Texas
Coming Events: Session Rally Possible Before Close
In markets today a short covering rally may occur as traders note a down trend has been established. The commentary suggests caution as selling pressure could persist into the session's end.
Cotton Opinions From Five Firms On Prices And Stock Prospects
Hubbard Bros advise cautious buying on scale down while Wade Bros expect stock market gains to lift cotton prices. J S Bache and Co see no bullish case given current goods market and crop conditions. F B Keech and Co anticipate possible further decline but favor higher prices by next fall. Orvis Bros see small risk in buying with October around 20 cents.
MENTIONED IN THIS ARTICLE
Hubbard Bros
Wade Bros
J. S. Bache and Co
F. B. Keech and Co
Orvis Bros
Sugar Market Ties Liberal Duty Free Offerings
Raw Sugar prices in New York drifted on continued liberal duty free offerings as trade sources noted a slack market mood. Dealers reported limited buying interest while refiners eyed potential adjustments in forthcoming shipments.
MENTIONED IN THIS ARTICLE
New York
Sugar futures edge up on covering and Cuba decree
Raw futures opened unchanged to 3 points higher on covering and broker buying as cables from Cuba said President Machado signed a decree removing 300000 tons of sugar from the US allotment for shipment to Europe. Refined prices steady from 6.05 to 6.10 for fine granulated.
MENTIONED IN THIS ARTICLE
Cuba
Machado
United States
Egg market report from New York on June 13
In New York on June 13 eggs irregular with receipts totaling 34 826. Fresh gathered extra firsts up 29 to 30 percent. Other grades unchanged.
MENTIONED IN THIS ARTICLE
New York
Dairy Prices Rise in New York Report
New York dairy receipts show Butter at 19 596 and Cheese at 218 820 with volume data indicating strong demand across the market.
MENTIONED IN THIS ARTICLE
NEW York Dairy
New York
Silver and Mexican Dollar Quotations in New York
Silver values in New York on June 13 show a bid of 601 4 for standard silver and 461 4 for Mexican dollars. Market figures reflect steady demand and commodity pricing.
MENTIONED IN THIS ARTICLE
New York
Market Highlights as Wheat and Corn Fall on Liquidation
Chicago reports widespread liquidation sales pushing wheat and corn lower while prices for September and December corn set new seasonal lows. Wheat weak on favorable weather in the northwest and southwest. oats also eased. Lard ribs and bellies edged down with provisions holding. Continuous price movement shown by open, high, low, close data.
MENTIONED IN THIS ARTICLE
Chicago
Cotton Futures Close Across Months
Cotton futures closed with varied sessions across months including January March July October and December. Prices showed gains and losses with most active contracts near the upper end of the range amid fluctuating demand and weather signals.
New Orleans Cotton Rises on Weather Outlook and Stocks
Cotton prices firm as the market improves in late morning trading on forecasts of showers and a buoyant stock market. July advances to 20.10, October to 19.87, and December to 19.85, with gains of 16 to 18 points from the prior close amid reports of excessive rain in Texas.
MENTIONED IN THIS ARTICLE
New Orleans
Texas
Spot Cotton Closes At 193 4 in Charlotte
Spot cotton in Charlotte closed at 193 4 with trading activity noted on June 13, reflecting market movement for the session.
MENTIONED IN THIS ARTICLE
Spot Cotton
Charlotte
Cottonseed Oil Prices Steady in New Orleans Market
In New Orleans on June 13, cottonseed oil closed steady with listed quotes for several futures months. Prime summer yellow trades at 9.45 with crude 8.37 1 2 8.75, and various months from January through December quoted from 9.50 to 10.00.
MENTIONED IN THIS ARTICLE
New Orleans
Foreign exchange mixed in New York quotes
Foreign exchanges in New York on June 13 show mixed quotations. Cables and demand levels are listed for Britain France Italy Belgium Germany and other nations with figures in cents and currencies including Tokyo Shanghai Montreal and Buenos Aires.
MENTIONED IN THIS ARTICLE
Foreign Exchange
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
Chicago Livestock Market Report Hogs Steady to Weak
Chicago June 13 hogs about 2 000 head sold with prices for choice hogs around 10 10 to 9 25 for various weights and grades. Lower and light grades showed declines up to 25 cents. sows and packing cuts noted but details truncated in the text.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
U.D.C.A
Market Summary Refers to Livestock Prices and Weights
The report notes hogs at 90 to 180 pounds priced 7.00 to 8.50 per hundredweight, cattle total 12 000 head with calves 3 500. Steers show weakness about 25 cents lower while light yearlings stay active near 14.75 and slaughter yearlings around 14.75. Good to choice 1300 to 1500 pound steers range 13.25 to 14.65, with 1100 to 1300 weights around 13.25 to 14.75.
Grain prices steady in St Louis market notes
Cash wheat and corn quotes listed for No. 2 red and yellow grades. No. 3 white oats plus futures for July September and December contracts show modest shifts, with July hard wheat at 1.38 and corn near 1.04.
MENTIONED IN THIS ARTICLE
ST. Louis Grain
ST. Louis
Call Money Market Update
Call money firm reports all loans at 6 percent with closing bid at 6. Time loans show mixed collateral for 60 to 90 days around 51 2 with 565 8 and 4 to 6 months around 51 2 5F.
MENTIONED IN THIS ARTICLE
Call Money
New York
Major League Battles Result in Wide-Spread Scoring
Major league pitchers faced heavy bombardment as eight games produced 183 hits and 108 runs. Pirates and Giants led NL with high-scoring wins, while Yankees slugged to a 15 7 victory highlighted by Ruth Gehrig and Combs homers. In AL, Morris and Foxx powered several tight wins as the season intensifies.
MENTIONED IN THIS ARTICLE
Herbert W. Barker
Wise Kremer
Larry Benton
Jim Elliott
Ed Morris
Sam Jones
Owen Carroll
Brooklyn Dodgers
Chicago Cubs
Yankees
Chicago White Sox
Babe Ruth
Lou Gehrig
Pat Collins
Earle Combs
Ed Morris, Big Red Sox Rookie Right Hander, Beat the St. Louis Browns
Washington Senators
Cleveland Indians
Jimmy Foxx
Cochrane
Philadelphia Athletics
Detroit
Patriots Beat Twins In Fast Piedmont League Game
The Greensboro Patriots defeated the Winston-Salem Twins 6 to 4 to seize the lead in the Piedmont League. Raleigh held off Durham 9 to 8 in a tight battle while Caps dropped, and Salisbury split a doubleheader with the Pointers 8 to 4 in the nightcap after a 3 to 2 opener.
MENTIONED IN THIS ARTICLE
Greensboro Patriots
Winston-Salem Twins
Patriots
Raleigh
Durham Bulls
Salisbury
Favorites Still Lead In Carolina Tennis Tourney
In Greenville South Carolina favorites won early round matches as Bryant Grant Teddy Burwell Bob Crosland Julian Robertson Gus Feuer and others advanced. Burwell defeated A I Henderson 6 1 6 3 and Feuer won by default over Walter Smith while several players claimed further wins in morning play.
MENTIONED IN THIS ARTICLE
Greenville
S. C
Carolinas
Bryant Grant
Teddy Burwell
Bob Crosland
Charlotte
Julian W. Robertson
Salisbury
N. C
Gus Feuer
University of Florida
A. I. Henderson
Zenas Grier
Miami
A. N. Halverstadt
Atlanta
Reeves Rutledge
Asheville
Stove Crouse
Walter Smith
Spartanburg
Hubert Eppon
R. K. Bail
Bryan Brant
Barry Gault
Carroll
Turner
Nathan Brandon
New Orleans and Atlanta Traders Rule in Listed Chess Style
Douglas Watters of New Orleans and Wilmer Hines of Columbia face defaults to Langsdale and Halverstadt respectively. Bob Crosland of Charlotte defeats A N Halverstadt of Atlanta with scores 1 6 and 6 2 amid stock market era chatter.
MENTIONED IN THIS ARTICLE
Douglas Watters
New Orleans
L. Lanier
Langsdale
Ala
Wilmer Hines
Columbia
J. Halverstadt
Atlanta
Bob Crosland
Charlotte
A. N. Halverstadt
Elementary teachers plan for big meeting in Chapel Hill
Raleigh June 13. The fourth annual conference on elementary education will be July 12 and 13 at Chapel Hill. About 500 school authorities and teachers from across the state are expected. Sessions cover the elementary school and its equipment and related topics. A fellowship dinner is planned July 13 at the Carolina Inn with Dr. Harry W. Chase presiding.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
Chapel Hill
North Carolina
Department of Education
Carolina Inn
Harry W. Chase
University of North Carolina
Old Rolling Pin Among Local Relics
Lexington June 13 J R McCrary reports possession of an old fashioned rolling pin one of the relics of the past The kitchen utensil with worn ends measures about the size of a hand rest and once belonged to the grandparents of Sam T Berrier near Welcome, valued as a valued relic of the parent.
MENTIONED IN THIS ARTICLE
Lexington
J. R. McCrary
Mr. McCrary
Sam T. Berrier
New York Promoters Plot Busy Summer Boxing Slate
In New York June 13 boxing earns dim gate receipts but promoters plan a busy mid year slate. Chicago targets a Walker Hodkins middleweight title bout June 21 while New York preview lists six bouts led by light heavyweights and several heavies. Fur to move indoors Madison Square Garden hosts most major events while outdoor venues like Ebbets Field handle others. Johnny Risko steps into a tougher test against George Godfrey after a recent Los Angeles decision win for Godfrey.
MENTIONED IN THIS ARTICLE
New York
Chicago
Tex Rickard
Madison Square Garden
Humbert Fugazy
Ebbets Field
Jimmy McLarnin
Sammy Mandel
Richard
Official Temperature Report for Cotton Regions
Official weather bureau records show temperatures and rainfall for 24 hours ending 8:00 a.m. in major cotton growing areas and other regions. June 13 report from Charlotte lists local readings and precipitation totals.
MENTIONED IN THIS ARTICLE
Charlotte
Official Weather Bureau
Local Charters Granted to Realty Laundry Bottling and Mfg Firms
A set of new charters authorizes Gastonia based Local Realty to operate a laundry and cleaning business with $100 000 authorized capital and $1 500 subscribed. Nehi Chero Bottling of Hickory gains rights to bottle soft drinks with $1 000 authorized capital and $1 500 subscribed. Kanes Manufacturing Company of Asheville receives permission to patent textile machinery with $200 000 authorized capital and $7 200 subscribed. Taplin and Cox of High Point chartered to deal in real estate with $100 000 authorized capital and $300 subscribed.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
Gastonia
New Way Laundry
P. H. Spurrier
C. D. Page
John R. Rankin
Nehi-Chero Bottling Company
Hickory
M. M. Lowry
Corinne B. Lowry
W. L. Cutting
Kanes Mfg., Co
Asheville
Kanes
H. P. Jones
F. A. Mears
Effie L. Eanes
Taplin and
Cox
High Point
A. E. Taplin
J. B. Cox
B. C. Boyce
Dont Make a Toy Out of Baby Babies Have Nerves`
Ruth Brittain argues that overstimulating infants by treating them as toys causes nervousness later. She warns against excessive handling and suggests Castoria as a safe, herbal remedy for colic and sleep issues, noting widespread use and a motherhood guide included with each bottle.
MENTIONED IN THIS ARTICLE
Chas. H. Fletcher
Gastonia Man Acquitted of Murder Charge
Walter Williams, 22, of Gastonia, was acquitted in superior court of murdering his cousin John Connor of Pineville on May 28. He claimed self defense after Connor pursued him to his grandmother’s home and threatened to strike him with a rock. Connor was killed by a shotgun blast at the grandmother’s residence.
MENTIONED IN THIS ARTICLE
Charlotte
Walter Williams
Gastonia
John Connor
Pineville
Connor
Williams
Supreme Court to Issue Opinions Next Saturday
Raleigh report says the court will hand down the next batch of opinions on Saturday June 23, according to Edward Seawell, the court clerk, announced today.
MENTIONED IN THIS ARTICLE
Supreme Court
Raleigh
Edward Seawell
Also Mentioned on This Page
Hollywood
Mae Davies
South Main St
John F. Clark & Company
Commercial National Bank
Clevenburg
Stanley
Chicago Grain
Major League
TWINS
Winston
Chan Motors
Nyc
Chrysler
Dodge Motors
Elec Power
Leren Fleisch Yeast
Freeport Texa
Hudson Motors Rf
Ligett Meyers
Ludlum Stee
Mo Packy
Nash Motors
Overland
Conti Motors
Packard Motors
Postum
Ser Ene
R J Reynolds B
CMS Tt F Ry
Seaboard Ry Es Eeenree
Sears Roebuck
Studebaker Motors
Stewart Warner
Texas Corpnte
Texas Gulf
Westa Elbe
Eee
Ches and Ohio
Cons Gas
Goodrich Rubber
Kelly Springfield O
Kenecotte Copper
Kelvinator
Otis Steel
Ltd Intl Cement
Kresge “Ee
North Amn Co
Simmons C
Sinclair Oil
Ene
Dupont
Sportslants
Alan J. Gould
Associated Press
Godfrey
Paulino
Los Angeles
Risko
Prec
Atlantic City
Birmingham
Charleston
Trace Columbia
Denver
Little Rock
Meridians
Mobile
San Antonio
Vicksburg
Wilmington
Es . i
Taplin and Cox
Ruth Brittain
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