Stocks Rise After Hoover Inaugural Speech
New York March 4. A brisk selling wave met by buying after Hoover's inaugural message. Market opened higher, dipped in forenoon, then recovered. Many stocks gained 1 to 8 points, with some new highs. mining shares led with Kennecott rising 3% to new highs. Far rows of big names like National Power & Light and Murray Corp hit new highs while General Electric fell in morning trading.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Mexico
Kennecott (New
Mother Lode
National Power & Light
Murray Corporation
Lambert
Chrysler
General Electricé
Montgomery Ward
Packard Motors
Bethlehem Steel
Wright Aeronautical
Maden, Charlotte Cotton Man, Ends Life at Home
J T Maden prominent Charlotte cotton man died by suicide at his McAden home between 9 30 and 10 o clock this morning after telling his brother in law he would be out in a minute a note near the body indicated long contemplation. He dealt in yarns.
MENTIONED IN THIS ARTICLE
J.T. Maden
Charlotte Cotton
Charlotte
N. G
James T. MeAden
Mr. MeAden
Owen Kitzsimmons
McAden
Mr. McAden
Liverpool Cotton Prices Steady In Fair Demand
Cotton spot in fair demand with prices steady led by American grades. Rates quoted: strict good middling 1120, good middling 1100, middling 1080, strict middling 1100, low middling 1030, strict ordinary 990, good ordinary 950. Sales 7000 bales with 6100 American. receipts none. Futures closed steady with March 19053, May 1064, July 1064, October 1049, December 1046, January 1044.
MENTIONED IN THIS ARTICLE
Liverpool
Hoover plan spurs mixed grain market moves in Chicago
Chicago grain prices rose briefly on news of a special Congress session for farm relief, but later weakened as bearish estimates of domestic wheat stocks and a higher visible supply offset early gains. Wheat edged down about 1 to 1 1 4 cents, corn down around 7 8 to 1 1 4 cents, oats mixed, with provisions net lower. Foreign bird imports in 1928 hit a record high per the Biological Survey.
MENTIONED IN THIS ARTICLE
Chicago
Hoover
Congress
United States
Parrots Rarely Breed in Captivity in the United States
Very few parrots breed in captivity in the United States, but some live for a number of years.
MENTIONED IN THIS ARTICLE
United States
Coolidge Plans 10 Pursue Literature After Presidency
Former President Calvin Coolidge plans a literary path after leaving office. Reports confirm a contracted series of human interest magazine articles for American Magazine, focusing on life in the White House rather than diplomacy, with offers rumored of a yearly retainer and per word pay.
MENTIONED IN THIS ARTICLE
New York
Mar
Calvin Coolidge
The
United States
Coolidge
White House
Merle Crowell
Flashes of Life or New York Ladies in Congress
In New York a note from Lady Nancy Astor, M P, sends blessings to women in the American Congress. In Philadelphia a social figure says a bootlegger harmed more locals than any other man, as police are asked to help rescue her daughter. A man arrested is named by a woman and daughter for supplying liquor, with the girl alleging he boasted of paying police for protection.
MENTIONED IN THIS ARTICLE
New York
American Congress
Nancy Astor
M. P
Philadelphia
League Council Opens Fifty Fourth Session in Geneva
The 54th session of the League of Nations council opens in Geneva with minority peoples on the agenda. President M Scialoja presides as Haly and Scialoja chair. Paris reports fifteen new hotels since 1925, six with over 250 bedrooms each.
MENTIONED IN THIS ARTICLE
League Council
Geneva
Mar
Council of the
League of Nations
M. Scialoja
Haly
Paris
Bankruptcy toll in England 1927 tops with farmers
Among 4314 bankruptcy cases in England in 1927 farmers accounted for 365, leading the list by occupation. The report highlights farming as the most affected group in the year.
MENTIONED IN THIS ARTICLE
England
New York Cotton Opens Higher On Covering and Rain Markets
The New York cotton market opens 7 to 10 points higher as trade and speculative shorts cover old crop positions. Reports of southern rains spark early buying. May hits 20.64 and new October at 19.94 before slipping, as buying tapers and prices end steady in morning trading. Liverpool cables indicate trade demand and cloth demand in India and China with some realizing in Liverpool. Early realizations push May to 20.70 and October to 19.94 before midday adjustments.
MENTIONED IN THIS ARTICLE
New York
Mar
Liverpool
India
China
Poison liquor blamed for seven deaths in Peoria Ill
Seven people died in Peoria within 48 hours after consuming poisonous liquor. Coroner W H Elliott confirmed postmortem results. A coroner's inquest led to two arrests in a bootlegger roundup. Three victims were part of a livestock men party at a hotel. four others, including a woman, had no link to the gathering but shared the same liquor.
MENTIONED IN THIS ARTICLE
Peoria
Ill
W. H. Elliott
Your Income Tax No 26 Bad Debts Deductions and Reserves
Bad debts may be deducted from gross income in determining net income. We discuss two methods: deduction for debts ascertained worthless and reserve for bad debts. Reserve method requires many accounts and coverage over time, not for a single debt. Attach statement to return proving propriety of deduction. Forgiven debts cannot be claimed.
Stock market and industry roundup with multiple company results
California oil output last week averaged 800000 barrels daily up 1500 from the prior week. U S Realty and Improvement earned 4 70 a share for nine months ended Jan 31 vs 4 65 year earlier. Toledo Edison output hit a new daily high of 42400000 kWh. Nash Motors shipments rose to 11076 cars in Feb from 9057 in 1928. Mid West Steel reports near full capacity with ample orders. Gulf Coast production averaged 147884 barrels daily for week ending March 2 up 8667 from prior week. American Smelting earned 8 24 a share. Rock Island and other utilities also noted. Mexican revolt spreads with Aguirre units in Vera Cruz and Mazano rebels in Sonora. Calles named Secretary of War for emergency.
MENTIONED IN THIS ARTICLE
Calif
U. S. Realty and Improvement
Toledo Edison Fed
Elec
Buycus
Nash Motors Fed
Steppard
Mid-West Steel
Mahoning Valley
Newton Steel
Monroe Michigan
Gulf Coast
Southern
Federal Oil Conversation Boards
Iil
Central Ferry
Rock Island
Loft
Kauffman Department Stores
Kauffman Dept. Stores
Fishers
Aguirre
Vera Cruz
Mazano
Sonora
Calles
Stock Opinions From Market Firms Today
We do not advise disposing of high grade stocks and favor commitments to proven issues. Rail stocks are seen as likely to confirm industrial advances and should be bought. Bethlehem Steel and American Can are deemed desirable trading mediums for some time. The trading forecast calls for general strength with copper profit taking offset by rails and utilities strength.
MENTIONED IN THIS ARTICLE
BE. F. Hutton and Co
W. J. Wollman Co
Hornblower
Industrals
Halle and Stieg
Bethlehem Steel
American Can
Cotton Letter Signals Firm Prices As Market Remains Active
New York reports spot sales at 7000 bales with middlings price 10 80 against 10 75 Friday and a generally firm market. Cloth demand rises in India and China as buyers seek firmer cotton prices. Weather delays farm work in the belt. fertilizer sales lag. Trade sources expect a higher market with widespread demand and possible acreage curtailment in the Memphis area.
MENTIONED IN THIS ARTICLE
New York
N. Y
Liverpool
North Street
Manchester
India
China
New York Herald
Memphis
Vicksburg
Georgia
Carolinas
Central Belt
New Orleans Cotton Opens Steady After Lobster?
The New Orleans cotton market opened about steady with gains early on after Secretary Hester's fertilizer report showing a 541,240 ton drop for the seven months to February. March to July futures climbed to around 19.76 to 20.04, then eased slightly as profits were taken, ending morning steady with several contracts above Saturday's close.
MENTIONED IN THIS ARTICLE
New Orleans
Mar
Liverpool
Hester
P.C
Reparations Experts Review Subcommittee Achievements
Paris March 4. Reparations experts planned a plenary session to take stock of subcommittee work. A formal report, expected to reflect the informal bankers' findings, will address commercializing and marketing the unconditional German annuities.
MENTIONED IN THIS ARTICLE
Paris
Bankers’ Committee
Weather outlook shows warming trend with weekend rain
Stanley Weather forecasts a generally warmer pattern with light rains across Missouri Cairo Vicksburg New Orleans district and the Carolina coast this weekend. By Monday the eastern central belts turn cloudy with rain and a drop in temperatures while the western belt stays partly cloudy and colder with western Texas remaining fair.
MENTIONED IN THIS ARTICLE
Stanley
Missouri
Cairo
Vicksburg
New Orleans
Carolina Coast
West Texas
Inaugural Day Echoes of Peace and Progress Abroad
A colorful pageant marks the presidential inauguration with silk hats, Army and Navy, and a Los Angeles air show. President-elect Hoover rides to the Capitol as Coolidge departs, while radio and air power showcase modern prosperity. The ceremony mirrors past rites on a crowded Pennsylvania Avenue.
MENTIONED IN THIS ARTICLE
Army
Navy
Los Angeles
Lakehurst
Lincoln
White House
Capitol
Senate
Capitol Plaza
Pennsylvania Avenue
Grant
Hoover
S Street
Connecticut Avenue
Lafayette Square
Executive Mansion
Curtis
Edward E. Gann
Mayflower Hotel
Dawes
Coolidge
Congress
Mr. Coolidge
Mroodze
Northampton
House
Marine Corps
Gener Dawes
Herbert Hoover
Sugar Prices Steady in New York Market
Raw sugar holds at 3.71 for spots duty paid and refined at 4.90 for fine granulated as of March 4 in New York trading.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Jaco
F. Clark & Co
Commercial National Bank
Allied Chem & Dye
Luis Briges
Chesa & Ohio Ry
Chic & Nor Western
Crucible Steel
del and Hudson
DuPont den
Elec L & P
First Nail Stores Co
TOM de Fleischmann Co .Ae
Freeport Texas
Gimbel Bros O Ate ‘E
Gold Dust Corp
Goodrich
Goodyear
Kelly Sp Tire
Kennecott
Kresge S S
Kroger Grocery
Lig and Myers
Loew's Inc
Ludlum Steel
Sen
Seaboard
Miami
Middle States Oil
Murray Corp of Am
Nash Motors
Pow & Light
Nor Am Corp
Nor Pacific
Otis Steel Corp
Eneer
Wiekere
Radio Corp of
Remington Rand
Rep Iron and Steel
Reynolds Tob
St Louis San Ff
Stewart Warner
Studebaker Corp
BK i
Texas Corp
Union Pac Ry
United Cigar Stores
U S Ind al
U S Rubber Ee
Warner Bros Pic Com
Tilly Willis-Overland
Chicago Grain
Biological Survey
United States Department of Agriculture
High Point Manufacturing Company
South Hamilton Strehnt
Clinard Milling Company
B. R. Terry
Washington
Union Station
Mass
Mr. Hoover
Doan
Lydia Bolander
Amanda Ave
Pittsburgh
Dean's
Wing Doan
Foster-Milburn Co
Mfg
Chemasts
Buffalo
Mr. W. E. Marshall
New York City
Sheraton
High Point Garden Club
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