Stiffening money rates dampen stock rally
The market failed to sustain a rally as money rates stiffened. Industrial and rail shares rose modestly early but gave back gains amid selling pressure. Call money up to 6 1/2 percent, banks withdrew about $10 million. Brokers loans rose to 9.46 percent of listed securities, highest since 1926. American Locomotive slid to 94, while American Car and Foundry and Lima Locomotive fell to new yearly lows.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated Press
New York
New York Stock Exchange
Seues
American Locomotive
American Car and Foundry
Lima Locomotive
Cotton futures close in New York on June 20
Cotton futures closed with the front months showing gains. The contract for March rose to 2047, July to 2073, and October to 2086 as highs and mixed lows observed across the session.
MENTIONED IN THIS ARTICLE
New York
Chicago Live Stock Market Report June Sale Totals and Trends
Chicago livestock prices drift higher with hogs up 10 to 20 cents and cattle 15 to 25 cents lower on better grades. Hog weights 200-280 pounds bring 19.00 to 19.75, sows 8.90 to 9.90, pigs 7.50 to 9.00. Cattle and calves show softer bidding across steer, heifer, and bull classes. lambs firm to slightly higher on limited demand.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
Foreign exchange rates in New York on June 20
The New York foreign exchange market shows easy quotations with Great Britain at 4879 16 on demand and 488 on cables, 60 day bills 4843 16. France at 3.92 3 4 on demand, cables 3.93. Italy demand 5.25 1 8, cables 5.25 3 8. Belgium 13.96, Germany 23.88, Holland 40.30, Norway 26.77, Sweden 26.82 1 2, Denmark 26.80, Spain 16.30, Switzerland 19.27 1 2, Greece 1.30, Czecho Slovakia 2.96 1 4, Jugoslavia 1.76, Austria 14.08, Romania .611-2, Argentina 42.60, Brazil 12.90, Tokyo 46.56, Shanghai 66.00, Montreal 99.75.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Spain
Switzerland
Greece
Czecho-Slovakia
Jugo-Slavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Raw sugar steady as London weakness prompts futures dip
Raw sugar in New York held at 4.33 delivered as early trading showed quiet activity. Raw futures opened 1 to 2 points lower amid liquidation and European selling after London market disappointment. Refined prices remained 6.05 to 6.10 for fine granulated. Withdrawals continued of liberal portions with some new near term buying but limited.
MENTIONED IN THIS ARTICLE
New York
London
Government bond prices listed for Liberty and Treasury issues
U S government bonds closing values show Liberty 344s at 100.8 Liberty first 434s at 1061.17 Liberty third 4s at 100 Liberty fourth 4s at 201.29 Treasury 4%4s at 113.18 Treasury 4s at 108.20 Treasury 35 at 101.24.
MENTIONED IN THIS ARTICLE
U. S
Liberty
Liberty First
Liberty Third
Liberty Fourth
Treasury
Whitney's Letter Predicts New Market Advance After Secondary Rebound
A market advisory argues the averages have completed the secondary decline and will rise from this point. It urges buying American Can, U S Steel, Colorado Fuel and Iron, and U S Leather, with rails and chemical groups like Pac, Reading, NY, Radio, General Motors, Allied Chemical, AmSmelting and refining, Union Carbide, and Continental Gas favored.
MENTIONED IN THIS ARTICLE
U. S. Steel
Colorado
U. S
Pac
Reading
Radio
General Motors
Allied Chemical
Amn Smelting and Refining
Union Carbide
Continental Gas
Whitney
Grain Market Show Bearish Tone Amid Oversold Sessions
From CHICAGO June 20 grain traders describe persistent bear sentiment with few catalysts for new buying. Unsettled southwest weather and damage claims in Kansas temper selling while July corn liquidation and professional bearish pressure push prices below a dollar. December corn sentiment mixed as prices hover around 83 cents.
MENTIONED IN THIS ARTICLE
Kansas
Tribune
Market eyes downward trend despite possible short covering rally
Traders expect limited upside today as short covering and support buying may form in volume, but the overall market likely signals prices continuing their downward trajectory amid the day’s events.
Grain Opinions on Wheat Trade and Demand Pressures
The report notes Thompson and McKinnon observers discuss wheat export trade and weather with no mediating reason for price advance. It says corn requires stronger demand to advance and Canada’s grain sales reflect a need for major readjustment before competitive prices emerge.
MENTIONED IN THIS ARTICLE
Thompson and McKinnon
Iman Grain Co
Canada
Cotton Weather Report from Memphis June 20
Temperatures stay warm with no rain except Missouri. Forecast calls for fair to partly cloudy skies across eastern central belts and western belt, with west Texas and Oklahoma mostly fair. Weekly rains unfavorable from Georgia to Oklahoma. Cotton begins to square in lower belt zones as weevil activity rises. cultivation slow due to low water. Hot dry spell urged.
MENTIONED IN THIS ARTICLE
Memphis
Missouri
West
Texas
Oklahoma
Stanley
Market Decline Persists Amid Subdued Rally Hopes
Stock opinions from Louchheim and Co Lamborn Hutchings and Hornblower and Weeks note continued market softness. Analysts say soft spots remain and only a technical rally seems possible while the market undergoes a second corrective phase with uncertain extent and duration.
MENTIONED IN THIS ARTICLE
Louchheim and Co
Lamborn Hutchings
Hornblower
Arket
Wall Street Opens With Broad Early Gains
The stock market opened stronger with notable jumps for American linseed and several major names. Postum Company rumors sparked activity as Wrights, General Motors, Radio, U S Steel climbed, while Curtiss and Gen Corp showed initial gains.
MENTIONED IN THIS ARTICLE
New York
Americas Linseed
Postum Company
Wright
Eral Motors
Radio
U. S. Steel
Curtiss
Gencommon
Silver Bar and Mexican Dollar Prices Stated
An item lists a silver bar price at 59 1 2 dollars and Mexican dollars at 45 1 2 dollars, indicating current bullion and currency rates.
MENTIONED IN THIS ARTICLE
New York
Cotton futures open steady in New Orleans market
New Orleans cotton futures opened steady with July at 20.55, October 20.22, December 20.23, January 20.16 bid, and March 20.12 bid as trading begins.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton futures open steady on midyear prices
New York on June 20 reports cotton figures opening steady with July at 20.70 cents per pound and subsequent months at 20.82, 20.66, 20.54, and 20.43 cents.
MENTIONED IN THIS ARTICLE
New York
Cotton Letters From New York Discuss Weather and Crop Outlook
Liverpool times and distant shipments noted with dates in July October December January. Southern weather forecast fair to partly cloudy across several states with showers in the north and east Texas. Memphis Cotton Review reports crop losses from excessive rainfall and unfavorable conditions, with over 60 percent of areas unfavorably affected and only moderate prospects if warmth and dryness return. Prices in Worth Street steady as buyers focus on Texas. Crop advices generally unfavorable, with some reactions to purchases.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Carolinas
Georgia
Ala
Miss
West Texas
Fair
Ark
Fair Today
Okla
East Texas
Memphis— Cotton Review
Journal Commerce
Worth Street
Texas
Cotton market swings in New Orleans early trading
New Orleans cotton opened with losses of 1 to 6 points as traders eyed a bullish weekly weather and crop summary. A rally lifted October contracts about 16 to 20 points from the opening and 10 points above the prior close, with other months gaining 8 to 9 points before the market quieted pending the weekly summary.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton Market Opens Steady Then Rises on Trade Buying
The New York cotton market opened steady and barely changed, then advanced 8 to 6 points as trade buying and covering absorbed small offerings. October rose from 20.80 to 20.91 amid mixed private crop rumors and favorable southern weather, with Liverpool sell pressure easing and cloth demand from India remaining firm.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Bombay
India
Lancashire
Cotton futures rally on New York buying and weather view
The cotton market rallied as shorts covered and demand picked up in response to a firmer stock market and a bullish weekly weather and crop report. July reached 20.86, Oct 20.58, Dec 20.54 with gains of 28 to 32 points from early lows, while exports totaled 18,458 bales.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Chicago Wheat Market Buoyed by Rust Fears and Liverpool Rally
Chicago traders opened with wheat strength as black rust fears spread northwest and Liverpool prices rose. Unfavorable southwest crop developments kept sentiment bullish while corn and oats advanced early, with corn sliding back from opening gains and provisions steady.
MENTIONED IN THIS ARTICLE
Chicago Grain
Chicago
Liverpool
Cotton Spot Prices in Liverpool Ease as Demand Holds
Spot cotton in fair demand in Liverpool on June 20 with prices easing across grades. American grades led sales of 4,600 bales out of total 6,000 while receipts reached 8,000 with 1,600 American. Futures closed steady with July at 11.60 to 11.77 and other contracts around 10.8.
MENTIONED IN THIS ARTICLE
Liverpool
Potatoes Receipts and Prices In Chicago Market
Potatoes receipts 11 cars on track 303, total 0. Shipments 1137 cars, new stock demand fair, market about steady. North Carolina biblish cobblers 2.35 to 2.50 per bushel, Virginia barrels 1.75, old stock trading very slow, market weak.
MENTIONED IN THIS ARTICLE
Chicago
North Carolina
Ibrish Cobblers
Virginia
Risko Godfrey Heavyweight Bout Postponed By Weather
In New York on June 20 the ten round heavyweight fight between Johnny Risko and George Godfrey at Ebbets Field was postponed due to threatening weather and rescheduled for Saturday night.
MENTIONED IN THIS ARTICLE
New York
Johnny Risko
George Godfrey
Ebbets Field
New York Cotton Markets Extend Gains On Weather Report
The weekly weather report sparked initial selling, then buyers and cover reappeared pushing October to 21.08 as the market firmed. Commission house demand broadened amid continued unfavorable private crop tips, with most prices up 19 to 23 points from earlier levels.
MENTIONED IN THIS ARTICLE
New York
Commission House
Cottonseed Oil Prices Mixed in New Orleans Market
In New Orleans on June 20 cottonseed oil prices closed steady with various contract bids listed. Prices show firmness in prime summer yellow, prime crude and several futures months including January through December positioned between upper and lower quotes.
Cottonseed Oil Prices Steady Markets Record Sales
New York June 20 quotes show steady cottonseed oil with summer grades at 1020 for prime yellow and 850 to 875 for prime crude. Futures for January to December range from 1016 to 1075 with a reported 13,300 sales.
MENTIONED IN THIS ARTICLE
New York
Conditions of Cotton Washington Weekly Weather Report
Conditions of cotton and weather for the week ended yesterday show generally reasonable temperatures but excessive rain in many areas. The report notes wet soil causing grassy fields and poor to fair progress in Alabama Mississippi Louisiana and variable results in Tennessee with light to moderate rains along the Atlantic coast.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Cotton Belt
East Gulf States
Mississippi Valley
Arkansas
Oklahoma
Atlantic Coast
Alabama
Missisippi
Louisiana
Tennessee
Cotton futures close steady with gains in New Orleans
Cotton futures closed steady showing a net advance of 28 to 31 points in New Orleans trading on June 20. Prices for the main contract months ranged from early highs to close near the session highs with March and July leading gains.
MENTIONED IN THIS ARTICLE
New Orleans
P. C
Chicago Wheat and Grains Prices Report
Chicago grain and lard prices show No 2 hard wheat at 1.42. Corn values range from 1.00 to 1.02 for No 2 mixed and No 2 yellow. Oats No 2 white at 69 73 with other grades 68 70. Barley at 94 1.04 Timothy seed 4.10 4.85 and cloversseed 18.76 27.00. Lard 1.80 riba 12.50 bellies 13.87.
MENTIONED IN THIS ARTICLE
Chicago
CALI MONEY Call Money Rates and Loans Tighten
Call money rates remain strong in California with high 6 percent levels and closing bids at 6 percent. Time loans firm up with mixed collateral for 60 to 90 days and beyond, with prime mercantile paper around 4 percent. Bankers acceptances show bids around 4 to 4.5 percent for various maturities up to five to six months.
MENTIONED IN THIS ARTICLE
Cali Money
New York
Prime Mercantile Paper
Bankers Acceptances
Named Assistant Bishops Named In Rome Decree
Rome June 20 Monsignor Thomas Joseph Shan an titular bishop of Germanicopolis and educator is named assistant bishop to the Pontifical throne by a decree. Shan an has been rector of the Catholic University of America in Washington D C since 1909.
MENTIONED IN THIS ARTICLE
Rome
Thomas Joseph Shanan
Germanicopolis
Monsignor
Shanan
Cattholic University of America
Washington, D. C
Harris Elected President of Northern Baptist Convention
Arthur M. Harris a New York banker and volunteer religious worker was unanimously elected president of the Northern Baptist convention to succeed W. C. Coleman of Wichita Kansas. The selection was by unanimous vote at Detroit on June 20 reported by the President Baptist Convention.
MENTIONED IN THIS ARTICLE
Baptist Convention
Detroit
Arthur M. Harris
New York
The
Northern Baptist Convention
W. C. Coleman
Wichita
Kan
Yale Commencement Parade Shows Class 1918 Pride
Flashes of Life lists brief items from across the country. At Yale commencement a Taft led the 1918 class with a sign reading Our latest book Reamed by Re mus. Other notes include Florence Trumbull and John Coolidge graduations, a Wellesley suffix tale, and a German tribute in Muenster. A New York man sues over a golf ball injury and a Springfield judge links divorce to occupation.
MENTIONED IN THIS ARTICLE
New Haven
Yale
Josh
Charles P. Taft
Remus
Plainville
Conn
John Coolidge
Florence Trumbull
Florence
Mount Holyoke
Johns
Amherst
Wellesley
Mass
Jean Caulfield
Montclair
N. J
Joseph Edward Clark
Herbert Hoover, Jr
Clark
Los Angeles
Muenster
Germany
Bremen
Berlin
Washington
Walter H. Robinson
New York
Springfield
Detroit Windsor bore and Ambassador Bridge flood $49 million plan
Work has begun on a $23,000,000 underwater Detroit Windsor tunnel beneath the Detroit river, paired with the Ambassador international bridge. The two projects total about $49,000,900 and aim to replace ferry service with a shore to shore road network.
MENTIONED IN THIS ARTICLE
Detroit-Windsor
Detroit
United States
Canada
Detroit River
Windsor
Ont
Ambassador International
St. Clair River
Port Huron
Mich
Sarnia
Holland Tunnel
New York
Ambassador International Bridge
Cuban sugar mills begin 1928 29 crop grinding
Havana June 20 The wheels of Cuban sugar mills grind the 1928 29 crop after President Machado lifted grinding restrictions. The move allows mills to start as soon as old stock is cleared, unlike last year when limits applied. Most of Cuba's 172 mills finished grinding late in April with 27 mills exceeding quotas by 210,900 bags.
MENTIONED IN THIS ARTICLE
Havana
Machado
Cuba
Westminster Abbey organist salary noted at five thousand
An article reports the Westminster Abbey organist earns about $5000 annually. The figure reflects the position's remuneration and suggests the church's financial provision for musical leadership.
MENTIONED IN THIS ARTICLE
Westminster Abbey
MISS EARHART NO SLAVE OF FASHION
Miss Amelia Earhart on vacation in London says she aims to advance her profession and study social work. She denies racing with Mabel Bell or plans for films, and says her trip is not to raise mortgage funds. She praises her pilots and notes risks of flying without instruments.
MENTIONED IN THIS ARTICLE
London
Amelia Earhart
England
Lonedon
Atlantic
Townbee Hall
Wilmer Stultz
Louis Gordon
Mabel Bell
America
Miss Earhart
London air station sees up to 50 arrivals and departures daily
During peak summer periods the London air station handles as many as 50 scheduled machines and specials arriving or leaving each day, reflecting high activity and busy transit operations.
MENTIONED IN THIS ARTICLE
London Air Station
British movement ferries boys to Australia in 1925 drive
Under the Big Brother's Movement founded in 1925, about 1300 British boys have been sent to Australia. In 28 cases, their families have followed, tracing the program's reach and impact on settler families.
MENTIONED IN THIS ARTICLE
Australia
Also Mentioned on This Page
Wall Street Opening
Cottonseed Oil
Lied Press
Adams Millis
Amin Cani
Eee
Ajax
Baito Ohio
Beth Steel
Eveous
Chrysler
Dodge Motors
Slec Power and L
Fleisch Yeast
Freeport Tex
Aes
Goodyear Rubber Hudson Motors
Ligett Meyers Ee
Ludlum Steel
Lorillard Tob
Gen! Motors
Nash Motors
Overland
Park Tilford
Conti Motors
Packard Motors
Pan Amn
Remington Rand Sf Se
Radio Ceucuncsaee
R J Reynolds B
Seaboard Ry
Sears Roebuck
Studebaker Motors
Stewart Warner
Ecuseee
Texas Corpn
Texas Gulf See
Victor Talk Mch
Vick Chem
White Motors Eee
Westa Elec
Amn Woolen
Crucible Steel
Pierce Arrow
Woolworth
Miami
C Ri
P Ry
Simms Pete
Ches and Ohio
del Hudson Ry
Goodrich Rubber
Kenecotte
Kelvinator
Otis Steel
Kresge
Stand Oil of
North Amn Co
Simmons Co
Sinclair Oil
Tob
Loews Eee
Amherstburg
Grosse He
Congress
Port Huron-Sarnia
Atlanta
Paradise Point
Paradise
High Point
High Point Land CO
C. B. Mattcgcas
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