Stock Market Rises as Motors Boost Values in New York
New York shares gained with heavy buying of Public Utilities and Motors while oil stocks dragged later. High grade issues like American Telephone, Southern Pacific and Kennecott Copper reached new peaks as Radio jumped six points and General Motors rose. Oil stocks faded after profit taking and short selling, with Pan American and Atlantic Refining among notable losses.
MENTIONED IN THIS ARTICLE
New York
American Telephone
American Can
Kennecott Copper
Southern Pacific
Southern Railway
General Motors
Graham-Paige
Electric Autolite
New York Traction
Chicago and Alton
Ontario
Western
Pan American B
Mexican Seaboard
Atlantio Refining
Arch Top
Santa Fe
Atlantic Coast Line
Baltimore and Ohio
Bethlehem Steel
Famous Players-Lasky
Bs General Electric
Great Northern
Inter Nickel
New York Central
NY N Hand H
New York Cotton Opens Steady Despite Early Decline
The New York cotton market opened steady to lower, with May and October down 27 to 35 points as liquidity and selling spread amid improving weather and easy Liverpool cables. Prices cooled after the weather bureau report, then slid again on renewed liquidation, with July near 27.32 earlier and mid afternoon quotes around 21.10 for July, 28.58 for October and 20.86 for December, while exports totaled 7,489 bales.
MENTIONED IN THIS ARTICLE
New York
Liverpool
India
Weather Bureau
Chicago Livestock Prices Mixed as Hogs Fall Weights Hold
Hogs at 18,000 head market slow with prices 15 to 25 cents lower than Tuesday. Porkers 90 to 130 pounds 7.75 to 9.25, sows 8.25 to 8.90, choice hogs 10.25 at 190 to 220 pounds. Cattle and calves: large midweek run, steers 1100 to 1500 pounds 12.75 to 14.75, yearlings 12.50 to 14.50, cows 6.00 to 11.75, calves 4,000 receipts. Sheep 14,000 with fat lambs 25 cents lower. lambs 14.75 to 17.00, ewes 2.75 to 10.25.
MENTIONED IN THIS ARTICLE
Chicago
Cotton market reports and weather outlook from New York
Liverpool prices slide 32 to 34 points. spot sales 5,000 mids at 1190. Weather mostly clear and warmer in the eastern belt. western belt cloudier with possible showers in AR OK and TX. Special report notes need for replanting due to adverse weather. trade expects more reaction today on cables and may buy on any downturn. J. F. Clark reports.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Western Belt
Arkansas
Oklahooma
East
West Texas
Journal Commerce
Charlotte
Clevenburg
India
Stanley
Entir
North Carolina
Stanley’s
Western
J. F. Clark
Stock Gossip and Grain Opinions Signal Market Moves
Hornblower and Weeks-Rails introduce movement in low priced issues opening the way to several advances. J F Clark Co forecasts ample stock supply and little change in general trading. Jackson Bros and Samson Bros provide grain views with calls for renewed wheat weakness and a preference for corn on price signals.
MENTIONED IN THIS ARTICLE
Hornblower
Weeks
Jackso Bros., Boeschel and Company
J. F. Clark CO
Jackson Bros
Stein Alstrin
Samson Bros
Chicago Potatoes Market Report May 2
Potatoes receipts 102 on track 307 cars. Total U S shipments 696. Supplies liberal, trading slow, market weaker. Wisconsin sacked round whites 1.75 to 1.85, fancy shade higher. Idaho sacked russets 1.75 to 1.85, fancy shade higher. Washington sacked russets 1.50 to 1.60, new stock light. Texas sacked bliss 3.75, Louisiana sacked triumphs 3.40, Florida spalding rose 6.75 to 7.00.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Wisconsin
Idaho
Washington
Texas
Bliss
Louisiana
Florida
Call Money Rates and Short-Term Financing Update
New York May 2 call money ease through the day with bids at 5 1/2 percent and closing bids at 5. Time loans show firmness with mixed collateral at 60 to 90 days around 5 percent and 4 to 6 months at 5 percent. Prime mercantile paper quoted at 4 1/2 percent plus 2 basis points. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
Call Money
New York
Prime Mercantile
Bankers
Whitney's Letter Market Forecast and Stock Tactics
Whitney's Letter notes funds pressuring for employment and a 5 percent renewal rate with a possible drop to 5 percent later, signaling market improvement. Missouri Pacific hits its best price of the year, with plans for preferred stock accumulation within 60 days. Chrysler nears an 75 target, Texas & Pacific likely to advance with Missouri Pacific, and remaining issues to be held or bought on mild pullbacks. Cotton opinions favor purchases on setbacks and caution against selling. weather may boost buying.
MENTIONED IN THIS ARTICLE
New York
Missouri Pacific
Chrysler
Texas & Pacific
Whitney
Oil and carload figures rise in Winkler county week
Winkler county Texas crude output averaged 230 500 barrels daily for week ended April 28 an increase of 18 150 from prior week. Domestic crude production 2 403 800 barrels daily up 10 050. Car loading 944 694 cars for week ended April 21 up 32 317 from prior week though down 5 851 vs 1927.
MENTIONED IN THIS ARTICLE
New York
Winkler County
Texas
American Petroleum Institute
Shell Union Corporation
Timken Roller Caring Company
Vacuum Oil Company
Pe Relare CO
Cotton Prices Fall in Liverpool Market
Liverpool May 2 Cotton spot quiet with prices easing. American grades show strict good middling 12.40 down to strict good ordinary 11.40 and low middling 11.66. Sales reach 5000 bales with 3900 American. receipts 3000, American 2200. Futures close steady May 11.45 October 11.21 December 11.11 March 11.11.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago Wheat Prices Slump After Opening Rise
Chicago May 2 Wheat futures fell sharply after an initial rise as heavy selling from showers in the southwest offset an unexpected Liverpool advance. Corn followed wheat lower while oats remained firm and provisions drifted lower.
MENTIONED IN THIS ARTICLE
Chicago
Southwest
Liverpool
Silver Market Report From New York May Day
The market notes in New York show May 2 pricing with silver at 5833 and Mexican dollars trading at 44 percent level. The terse update records metal values and relative strength in the precious materials sector.
MENTIONED IN THIS ARTICLE
New York
Wheat corn market rally stance tied to rains
Chicago grain traders hold bullish wheat outlook if rains are delayed with large holders remaining optimistic. The market swung up then down as profits were taken and bids adjusted. In corn sentiment stayed mixed amid ongoing buying and selling by local traders and others. Liverpool prices opened modestly lower to higher.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
New Orleans Cotton Opens With Losses Then Rebounds
The New Orleans cotton market opened easy on May 2 as Liverpool cables weakened and rain stayed away. First trades fell 12 to 17 points, with July at 2115, October 2094, December 2095, then rallied as buyers pushed July to 2135, October 2112, and December 2109 on expectations of a bullish weekly weather and crop summary.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
New York
Sugar futures rise modestly as Cuban demand supports early advance
Raw sugar opened 132 points higher at 4.43 delivered in New York with 24,400 bags Porto Rican shipments at this bid. Cuban purchases for late May shipment reached 25,000 bags at 4.52 and 21,000 bags Philippines for June-July at 4.65. Prices later eased to unchanged to 1 point lower as profit taking set in. refined sugar held at 5.95 to 6.00.
MENTIONED IN THIS ARTICLE
New York
Philippines
London
Foreign exchange rates mixed in New York markets
New York May 2. Foreign exchange rates were mixed with quotations in cents for major currencies. Rates shown include British pounds at 4.8796 and 4.87 on cables, francs at 3.9344, Italian lira at 5.267, Belgian and Swiss values, and other currencies such as Norway, Sweden, Spain, and Tokyo levels. Montreal listed at 100.0614.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Cotton futures close barely steadier in New Orleans and New York
Cotton futures in New Orleans and New York closed barely steady with a small net decline. Prices showed mixed gains and losses across the near months from January through December with slight retreats in several contracts.
Metals market roundup from New York May report
Copper steady at 1414 and futures, iron unchanged, tin at 51.50 spot and 1.25 futures. Lead steady with spot prices in New York and East St. Louis near 6.10 and 6.00. Zinc firmer with East St. Louis spot and futures at 6.87 percent. Antimony at 10.25.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
New York Dairy Prices Steady Amid Strong Cheese Receipts
Butter holds steady as receipts total 11 818 while cheese remains steady with 138 233 on hand. Market observers note stable supplies and consistent demand across dairy categories in New York.
MENTIONED IN THIS ARTICLE
NEW York Dairy
New York
Grain Prices In Chicago Market May 2
Wheat prices listed for No 2 hard 1 69 No 1 northern spring 1 66 corn No 3 mixed 1 071 percent No 2 yellow 1 10 percent 4 oats No 2 white 67 70 No 3 white 6342 68 Rye No 1 1 86 percent barley 97 1 07 timothy seed 6 75 4 50 cloverseed 19 50 26 50 lard 12 05 ribs 12 00 bellies 13 50
MENTIONED IN THIS ARTICLE
Chicago
Turpentine and Rosin Weekly Figures at Savannah
Naval Stores report from Savannah dated May 2 shows turpentine sales 325 with receipts 364 and stock 11339 while rosin sales 761 with receipts 1303 and stock 69364 no shipments recorded. Price quote ranges include B D F G H I K M N and WG WW X% S65.
MENTIONED IN THIS ARTICLE
Naval Stores
Savannah
Cottonseed oil futures close in New York
In New York on May 2, cottonseed oil closed easier with varying futures. Prices quoted for prime summer yellow and prime crude range around 1060 to 1099 with several deferred contracts from May through December listed.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Government bonds close in New York on May 2
U S government bonds closed with Liberty 346s at 101.9 Liberty first 4148 at 102.4 Liberty third 4%4s at 100.8 Liberty fourth 4%4s at 102.26 Treasury 4%4s at 114.81 Treasury 48 at 110 Treasury 33s at 102.7.
MENTIONED IN THIS ARTICLE
Government
New York
Liberty
Liberty First
Treasury
Cottonseed Oil Prices Edge Up Through Summer
Market notes show cottonseed oil closing at prime summer levels with futures quoted across months from May through December. Prices advance from 1005 for May to 1055 for December reflecting steady demand and supply expectations.
Daylight Saving Slips Hamper New Orleans Market Opening
Weather notices are delayed at market opening as daylight saving issues slow posting of the winter map and the weekly weather summary. Traders report government inaction on clock changes disrupts early activity in New Orleans markets.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool Market Slumps on Heavy Realizing Pressure
Private cables attributed morning declines to widespread realizing on stronger American weather. Bull side described as congested amid trading, leaving Liverpool prices 11 to 19 points worse than expected.
MENTIONED IN THIS ARTICLE
Liverpool
Weevil Report Delayed By Bureau Of Entomology
Washington advices report the Bureau of Entomology will not issue the expected weevil findings today. The delay affects plans for agricultural guidance and pest management.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Entomology
New York Textiles Show Bullish April Outlook
Report from New York indicates bullish April textile statistics with strong cloth sales in Worth Street, the city’s major cotton goods hub. Strong demand reflects robust market activity and price momentum for textiles.
MENTIONED IN THIS ARTICLE
New York
Worth Street
Cloth demand from India broadening sparks bids
Manchester reports cables noting cloth demand from India is broadening but many bids are impracticable. Trade officials say buyers face liquidity and shipping constraints while producers watch for price signals.
MENTIONED IN THIS ARTICLE
Manchester
England
India
Cadet Irwin Best Dies In Brooks Field Plane Crash
Cadet Irwin Best aged 23 from Fremont North Carolina was killed when his DeHaviland training aircraft crashed in a tail spin at Brooks Field in San Antonio. Best was assigned to the Army primary flying school.
MENTIONED IN THIS ARTICLE
San Antonio
Irwin Best
Fremont
N. C
DeHaviland
Brooks Field
Army Primary Flying School
Family believes Tar Heel consul seized in Shanghai
Greenville May 2 news that W B Wilson Jr of Greenville was reported missing in Shanghai led his family to think he has been kidnapped. His father and Major Frank W Wilson discussed the matter with the state department after AP reports, with little information beyond the dispatches. Wilson was a prominent local figure, one of six brothers who served in the war and in various posts, including command and the U S Shipping Board.
MENTIONED IN THIS ARTICLE
Greenville
W. B. Wilson, Jr
Shanghai
China
Associated Press
W. B. Wilson, Sr
Frank W. Wilson
Washington, D. C
State Department
Wilson
Merchan Marine
Shipping Board
Durwood S. Wilson
Fort Benning
Frank W
Bascomb L. Wilson
William R. Wilson
Los Angeles
Cal
Carl Bh. Wilson
Honolulu
Hawaii
Negro selected to fill Madden seat in Illinois primary
Four Ward committeemen named Oscar Depriest a 57 year old negro as the Republican nominee in Illinois first district to replace the late Congressman Madden. Depriest, former alderman and county commissioner, faces potential challenge from William Dawson who argues the committeemen lacked valid certificates of election.
MENTIONED IN THIS ARTICLE
Chicago
Oscar Depriest
Ilinois
Madden
Depriest
First
William L. Dawson
Dawson
Also Mentioned on This Page
John F. Clark & Company
Commercial National Bank
J. S. Bache & Co
Wade Bros
Hubbard Bros
N. Co. Eutures
P.C
N.Y. Putures
Northern Pac
Packard Motor Car
Pan-Am Pet
Pennsylvania
Pierce-Arrow
le Mee
Radio Corp
Republic I and
Street
Reynolds
St Louis
San Fran
Seaboard Air Line
Sears Roebuck
Simms Petroleum Cee Ae Ee
Sinclair Con Oil
Southern Pac Soy
Southern Ry
Standard Oil
Stewart Warner
Studebaker Corp
Texas Company
Texas Gulf
United Cigar Stores
T S Steel
Wabash Ry
Westinghouse Elee
Tar Heel
Negro
Betsy Ross
Immaculate Bakery
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