Market Irregularity From Readjustment Affects New York Stocks
Readjustment of speculative accounts produced an irregular market trend with prices still downward. Dull trading with under 1,000,000 shares in three hours. Banditary common stock fell over 30 points on the New York curb market, pressuring larger board prices. Fertilizer shares rose after dividends on International Agricultural Chemical preferred, while Wright Aeronautical and Curtiss showed declines. Several high priced issues hit new lows for the year.
MENTIONED IN THIS ARTICLE
New York
Banditary Corporation Common
International Agricultural Chemical Prior Preferred
American Agricultural Chemical Preferred
McKeesport Tin Plate
Wright Aeronautical
Curtiss
Case
Greene Cananea
Crucible Steel
Liggett & Myers A and B
International Silver
Dupont
Goodrich
New York Central
Canadian Pacific
Three Florida Banks Fail To Open Amid Run Fear
West Palm Beach banks First American and Citizens, totaling over 7.5 million in assets, and Kelsey City State Bank near here did not open. Officials cited precautionary closures due to suspensions at another bank, with First American in state hands and Citizens fearing a run.
MENTIONED IN THIS ARTICLE
West Palm Beach
Fia
First American Bank
Citizens Bank
Kelsey City State Bank
Kelsey City
Here
First American
State Banking Department
Whitney's Letter Forecasts Market Bottom Ahead
Whitney argues there is no duplication of the March 1926 reaction. He expects this week to see higher stock prices and a late June secondary reaction, with rails and industrials bought when weakest while rails and oils remain strong spots.
MENTIONED IN THIS ARTICLE
New York
Weather and market notes from Cotton Letter
June 18 report from New York notes spot sales at 6 000 and mids at 11 39 unchanged from Friday. Missouri levee breaks on St Francis river while Manchester cable reports improved tone and increased inquiries. Increased business in American cotton yarns. Memphis Commercial Appeal cites June improvement not materializing by June 14. CLEVENBURG.
MENTIONED IN THIS ARTICLE
New York
Abilene
West Texas
East Texas
Okla
Ark
Tenn
N. C
Ala
Miss
S. C
St. Francis River
Missouri
Manchester
Memphis Commercial Appeal
Clevenburg
Grain Market Gossip Touches Wheat and Corn
Grain notes say Logan and Bryan expect wheat to hold firm against bad news. Recommend buying corn on market recessions. Oats look stale. J S Bache foresees a corn decline. Samson reports visible supply figures show a moderate weekly drop and should favor corn holders.
MENTIONED IN THIS ARTICLE
Logan
Bryan
J. S. Bache
Samson
Wheat market hesitates amid uncertain weather signals
Chicago Tribune notes unsettled weather impacts wheat trading with southwestern rains reducing short selling while the northwest has the opposite effect. Traders are evenly split as bids and offers trade in similar volumes. Corn shorts grow uneasy on July outlook with cash interest supporting the market and visible supply expected to rise. A year ago a rise of 844000 bushels occurred.
MENTIONED IN THIS ARTICLE
Chicago Tribune
A. Fe Clare
Weather synopsis by city across states shows mixed skies
The report lists conditions in multiple cities including Texas Ft Worth Houston Alabama Dothan Mobile Thomasville Atmore Greenville Georgia Atlanta Albany Louisiana Shreveport Alexandria Mississippi Columbus Meridian Tennessee Chattanooga Nashville Memphis with notes of cloudy warm clear hot and light rain yesterday or this morning.
MENTIONED IN THIS ARTICLE
Texas
Ft. Worth
Houston
Alabama Dothan
Mobile
Thomasville
Atmore
Greenville
Arkansas
Little Rock
Pine- Bluff
Texarkana
Georgia Atlanta
Albany
Louisiana
Shreveport
Alexandria
Mississippi Columbus
Meridian
Tenn
Chattanooga
Nashville
A. m
Memphis
Market rally prospects this week say analysts
FP Hutton believes the rally could extend further. Halle Stielitz expects rails to be market features if conditions stay normal. Hornbrower and Weeks see possible substantial rally periods ahead, yet caution trading on such prospects. J. F. Clark.
MENTIONED IN THIS ARTICLE
Ock
Hutton
Halle
Stielitz
Hornbrower
Cotton Opinions Forecast and Market Guidance
Memphis and other districts expect rain over the weekend with scattered showers in the eastern belt on Monday. The forecast calls for fair to mostly fair conditions in several central and western areas with varying cloudiness. Keech and Orvis Bros. urge bullish cotton buying on breaks, while Pynchon advises preference for purchases during declines.
MENTIONED IN THIS ARTICLE
Memphis
Nashville
Chattanooga
S. C
Mississippi
West Texas
Stanley F. B. Keech
Orvis Bros
Pynchon and Co
Trading Forecast New professional drives further liquidation
A market briefing notes new professional investors entering the scene fueling additional liquidation. Analysts point to shifting supply, liquidity pressures, and cautious sentiment as traders reassess equities, bonds, and risk positions amid evolving macro cues.
Chicago Live Stock Market Report June 18
Chicago reports hogs 46 000 with prices 15 to 25 cents higher than Friday for choice 185-260 lb hogs at top 10.40. Cattle receipts 19 000 with best steers 13.40 to 14.90, cows 9.25 to 11.75. Sheep receipts 9 000 with lambs 15.00 to 16.75 and ewes 4.00 to 7.17.
MENTIONED IN THIS ARTICLE
Chicago
Cotton market opens steady amid reports of Mississppi overflow
New York cotton trading opens with gains of 8 to 14 points as Liverpool cables stay firm and Mississippi valley overflow rumors circulate. October rises to 20.74 in early action. futures close higher across months with July and Oct posting gains and uneven intraday moves.
Cotton futures rise on firmer Liverpool cables and weather reports
In New Orleans trading on June 18 the cotton market advanced with gains of 2 to 4 points as Liverpool cables strengthened and New York rose. Weather fears from hail and sandstorms in Texas and Oklahoma buoyed sentiment, with July near 204.5 and October around 2018 as early trading left prices near session highs. closes showed a modest net advance of 28 to 30 points.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
New York
Texas
Oklahoma
Raw sugar prices hold steady in New York market
Raw sugar in New York on June 18 showed no change as Cuban crude prices stood at 4.21. Raw futures were muted with buyers delaying fresh commitments while refined withdrawals increased but did not spur new demand. Fine granulated prices remained at 6.05 to 6.10.
MENTIONED IN THIS ARTICLE
New York
Government bond closing figures New York June 18
U S government bonds closed with Liberty 3s at 100 7, Liberty first 4144s at 102 25, Liberty third 45 at 100, Liberty fourth 41448 at 102 26, Treasury 4s at 113 27, Treasury 4s at 108 26, and Treasury 3s at 102 6.
MENTIONED IN THIS ARTICLE
Government
New York
U. S
Liberty
Libert First
Liberty Third
Liberty Fourth
Treasury
Cotton Market Steady in New Orleans Spot closing firm
Spot cotton in New Orleans closed steady with a 28 point rise as sales reached 134. Low middling stood at 19.80 cents, middling 20.70 cents, good middling 21.10. Receipts totaled 990 and stock rose to 252 772.
MENTIONED IN THIS ARTICLE
New Orleans
New York Cottonseed Oil Prices Close Firm
Cottonseed oil in New York on June 18 closed firm with prime summer yellow at 10.10 and prime crude at 8.75. Futures show January 10.65 June 10.10 July 16.20 August 10.40 September 10.56 October 10.66 November 10.66 December 110.6%. Sales volume L50m.
MENTIONED IN THIS ARTICLE
New York
College Boys Open Three Day Campaign In City
Seventeen college boys from University of North Carolina Wake Forest and Duke arrived in High Point for a three day house to house canvass to win Delineator scholarships. The Butterick Publishing company offers college expense scholarships to any boy who gains five hundred supporters. The crew has already worked Greensboro and Winston-Salem as part of the statewide drive. Horace Hayes UNC supervisor said most will win the scholarship and gain a year of college expenses by summer's end.
MENTIONED IN THIS ARTICLE
High Point
Butterick Publishing Company
Delineator
Winston-Salem
Greensboro
John Thornton
S. W. Brady
Smithfield
Carl “Runt
Eure
Gates
N. C
Willie Stevens
Raleigh
Syd Risdon
Spencer
Forrest Pridgen
Warrenton
Jimmie Muir
Philadelphia
Elwood K. Goodson
Salisbury
Jack Childs
Marion
Herman Hopper
Leaksville
Howard Shotton
Suffolk
Jimmy Connell
Charlie (Parson) Plybon
Bill Seight
Spring Hope
Glenn Holder
Frank Shotton
Horace Hayes
University of North Carolina
Wake Forest
Duke
Winston
Call money steady in New York with tight rates
Call money in New York on June 18 remained steady at 5 1 2 percent for all loans, with time loans showing mixed rates for 60 to 90 days at 5 5 8 to 5 3 4 and 4 to 6 months at 5 5 8 to 5 3 4. Prime mercantile paper quoted at 4 3 4 percent. Bankers acceptances for 30 to 90 days at 4 1 8 to 4 and 4 months at 4 1 4 to 4 1 8, 5-6 months at 4 3 4 to 4 1 4.
MENTIONED IN THIS ARTICLE
Call Money
New York
Prime Mercantile
Prices listed for crude and fuel through year
The records show monthly crude and prime summer fuel prices with figures for January through November. Notable values include prime summer at 9.50 and crude at 8.37, with several 1-2 bid ranges and later monthly figures around 9.6 to 9.98.
Chicago wheat prices and grain quotes for June
Wheat No 4 northern quotes at E333-2. Corn No 2 mixed at 1.02 1-2 1.03 and No 2 yellow at 1.03 3-4 1.04. Oats No 3 white 63-71, No 4 white 78-69. Rye, barley 97-104 1-2. Timothy seed 4.00-4.75, clover seed 19.75-27.00.
MENTIONED IN THIS ARTICLE
Chicago
Foreign Exchange Rates Mixed Quotation List
Foreign exchange rates in cents show British demand 487 3 4 cables 488 1 8. France demand 392 7 8 cables 393 1 8. Italy demand 525 3 4 cables 526. Belgium 1396, Germany 2388, Holland 40.30 1 2, Norway 2678, Sweden 2683 1 2, Denmark 2680 1 2, Switzerland 1927 3 4, Spain 1651, Greece 130, Poland 1125, Czechoslovakia 296 1 4, Yugoslavia 176, Austria 1408, Rumania 61 5 8, Argentina 42.62, Brazil 12.00, Tokyo 4658, Shanghai 66.12 1 2, Montreal 99.75.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Copper and metals markets steady with mixed spot quotes
New York copper holds 14 percent electrolytic, spot and futures. Iron price steady at No. 2 fob eastern Pennsylvania 2000, fob Buffalo 1650 1700, and fob Alabama 1600. Tin weak at spot and future 4750. Lead steady in New York 630 and east St. Louis 620. Zinc firm at east St. Louis spot.
MENTIONED IN THIS ARTICLE
NEW York Copper
New York
Eastern
Pennsylvania
Buffalo
Alabama
East St. Louis
Antimony and Quicksilver Prices Listed
The note lists future prices 615 620 Antimony 975 Quicksilver at 123.00. These figures appear as a brief quotation or quotation-like listing of precious metal values.
MENTIONED IN THIS ARTICLE
Future
Wall Street Opens with Mixed Early Movements
New York June 18 price movements showed uneven early activity. General Motors fell 1 1/4 points while Woolworth and Bethlehem Steel slid 3 to 4 points each. Anaconda Copper declined 3 to 4 points. Wright Aeronautical rose 2 points and Radio, Consolidated Gas, and Nash Motors gained a point or more.
MENTIONED IN THIS ARTICLE
General Motors
Woolworth
Bethlehem Steel
Anaconda
Wright Aeronautical
Radio
Consolidated Gas
Nash Motors
Chicago Potato Market Quiet on Weak White Stock
Potatoes in Chicago June 18 report receipts 179 on track 295 total US shipments Saturday 1,029 Sunday 29 cars new stock trading fair market stronger on triumphs weak on white stock. Alameda Louisiana Texas sacked triumphs 1.65 1.75 few 1.85 North Carolina barrels Irish cobblers 250 2.60 east shore. Virginia barrels Irish cobblers 3.99 old stock trading slow market dull Wisconsin sacked round whites 85 95 Idaho sacked russets mostly around 1.60.
MENTIONED IN THIS ARTICLE
Chicago
United States
Alamada
Louisiana
Texas
North Carolina
East Shore
Virginia
Wisconsin
Idaho
Chicago wheat prices slip as rains lift winter wheat rallies
Chicago market reports show wheat easing due to lower Liverpool quotations and favorable northwest weather. Heavy rains in domestic winter wheat areas sparked rallies while corn and oats fell 3-8 to 1 1-8 cents, with provisions edging higher.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Highly Respected Colored Man Dies at Home
Flave Jones aged 55 died at his Cherry Street home last night from pneumonia. For 25 years he served Beeson Hardware and was a trusted colored citizen. He is survived by his family. Funeral arrangements had not been completed this afternoon.
MENTIONED IN THIS ARTICLE
Flave Jones
Cherry Street
Beeson Hardware
Mexico Tremors Deepen Terror Across Central Regions
Terror gripped central and southern Mexico as earthquakes shook from the Gulf to Tehuantepec for two days. Oaxaca reported casualties and many collapsed buildings while residents camped outside. Heavy damage, landslides, and fissures appeared near towns including Miahuatlan and Puchutla. In Raleigh, Dr. B W Kilgore was re elected president of the North Carolina Cotton Growers Cooperative association.
MENTIONED IN THIS ARTICLE
Gulf of Mexico
Gulf of Tehuantepec
Mexico City
Mexico
Oaxaca
Puerto Angel
Miahuatlan
Raleigh
N. C
B. W. Kilgore
North Carolina Cotton Growers’ Co-operative Association
A. B. Blalock
F. B. Webster
Dr. Kilgore
W. A. Barce Weldon
North Carolina Beach Changes Measured by Field Teams
Field parties of the State Water Resources division begin measuring beach changes at Wrightsville Beach under the direction of UNC engineers R M Trimble and H H Schmitt, with Thorndike Saville supervising. Work then moves to Carolina Beach and near Morehead City.
MENTIONED IN THIS ARTICLE
Wilmington
N. C
North Carolina
State Water Resources Division
Wrightsville Beach
R. M. Trimble
University of North Carolina
H. H. Schmitt
University
Thorndike Saville
Carolina Beach
Morehead City
Mexican flyer Emilio Carranza lands in Washington
Capt Emilio Carranza Mexico's good will ambassador landed at Mitchel Field New York two day after departing Washington D C He was greeted by Arturo Melias the Mexican consul general and military officers including General Hanson D Ely and Maj John N Reynolds Carranza had flown from Washington to New York and then returned to Washington aboard an escort of army planes
MENTIONED IN THIS ARTICLE
Mitchel Field
N. Y
Emilio Carranza
Mexico
Washington
Bolling Field
New York
Arturo Melias
Hanson D. Ely
Maj
John N. Reynolds
Nicaragua Flight Proposed by U S Air Team
Major Charles A. Lutz and a crew of three will depart Anacostia naval air station in a large tri motor Fokker for a nonstop flight to Managua Nicaragua. The voyage is expected to take about twenty hours covering roughly 2000 miles. Accompanying Lutz are H C Busby from Quantico relief pilot Corporal D C C McChesney and Reeder Nichols radio operators and aviation mechanics.
MENTIONED IN THIS ARTICLE
Washington
Charles A. Lutz
Anacostia Naval Air Station
Managua
Nicaragua
Marine Corps Air Headquarters
Lutz
H. C. Busby
Quantico
Virginia
D. CC. McChesney
Reeder Nichols
Two Children Hurt in Auto Accident Near Wilmington
Vernell Devine 12 and Vernon 10, children of W. T. Devine of Wilmington, were injured when an auto collided with their car at Riley Creek bridge 18 miles east. The impact left the striking occupants fleeing. Vernell suffered a sprained back while the younger child had cuts to head and shoulders.
MENTIONED IN THIS ARTICLE
Wilmington
Vernell Devine
Vernon
W. T. Devine
Riley Creek Bridge
Here
Devine
Lindbergh Receives Honorary Doctor of Laws at Wisconsin
The University of Wisconsin conferred an honorary doctor of laws degree on former student Colonel Charles A. Lindbergh today. Lindbergh arrived by plane Saturday and was hosted by President Glenn Frank.
MENTIONED IN THIS ARTICLE
Madison
Wis
University of Wisconsin
Charles A. Lindbergh
Lindbergh
Glenn Frank
New Orleans Cotton Futures Open Steady
Cotton futures in New Orleans opened steady with July at 20.30 cents per pound and deferreds at 19.98 for October, 19.98 for December, 19.89 for January, and 19.87 for March bid.
MENTIONED IN THIS ARTICLE
New Orleans
Nobile reports sighting planes. search continues for Italia crew
General Nobile said two seaplanes flew in from the base ship Citta di Milano and did not find the Italia encrusted survivors. Riiser-Larsen and Holm mapped positions from Spitzbergen to North Cape while noting a favorable ice zone for a possible land crossing.
MENTIONED IN THIS ARTICLE
Rome
Stefani
Nobile
Citta di Milano
Riiser-Larsen
Luetzow Holm
Italia
Braganza
Spitzbergen
Foyn Island
Romagna
North Cape
Cape Platen
Reps Island
Land
Charles XII Island
Whalenberg Bay
Odreaby Island
A. Mariano
Columbia plans hinge on Miss Bell for transatlantic hop
In Harbor Grace N F June 18 with bad weather the mono plane Columbia was groomed for a possible daily trans Atlantic flight as Amelia Earhart and the Friendship beat expectations by heading toward Europe Miss Bell Mabel the Columbia backer showed agitation over the departure and Captain Leboutillier said the Friendship was circling to study weather while Columbia would not be drawn out
MENTIONED IN THIS ARTICLE
Boston
Europe
Columbia
Miss Bell
Oliver Leboutillier
Leboutillier
Miss Earhart
Meredith’s 1924 Democratic Convention Ballot Standstill
The text notes Edwin Meredith’s long bid for the Democratic nomination. In 1920 he was confined to the cabinet, and in 1924 his name stayed in contention to the final ballots. On the 101st ballot he drew 130 votes, trailing John W. Davis and Oscar W. Underwood.
Escape from Nancy prison farm shocks Raleigh officials
State prison officials report the escape of John Johnson who is serving a five year manslaughter term in Stokes county. Johnson fled from Nancy prison farm late last night.
MENTIONED IN THIS ARTICLE
Raleigh
John Johnson
Stokes County
Johnson
Nancy
Also Mentioned on This Page
Carolina
Florida
Carter
Ted
Goodyear
HIATT
West High St
John F. Clark & Company
Commercial National Bank
Whitney
J. F. Clark
Mississippi Valley
Continental
Bombay
P. C
Chicago Grain
Wall Street Opening
Adams Millis
Eee
Amn Can
Ajax Rubber
Amn Tel and
Ad Coast
Balto Ohio
Beth Steel
Chrysler
Dodge Motors
Elec Power and
L Eee
Freeport Tex
Eere
Genl Elec
Hudson Motors
Ligett Meyers
Ludlum Steel
Lorillard Tob
See
Mo Pac Ry Oes Bio
Gear Motors Ee A
Overland Ee Ee
Park Tilford
Contl Motors
Packard Motors
Pan Ama B
Ewer
Postum
Remington Rand
Chase Neaee
Rd Reynolds Boem Oeel
Seaboard Ry “Ee
Sears Roebuck
Studebaker Motors Fe
Stewart Warner
White Motors Fe
Amn Woolen
Reef
Ee Fee
TOM
Pierce Arrow
Miami Copper
C RI
P Ry Co
Simms Pete Ee
Kenecotte Copper
Otis Steel Eer
Kresge
North Amn Co
Simmons Co
Sinclair Oil
Loews . Co
Lutton Growers
Cooperative Association
North Carolina Beach
Lindy
College
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