Market Gains Drive Broad Advances In Early Trading
Stocks rise as the Federal Reserve keeps rediscount rates steady, with nearly 2.5 million shares changing hands in early trading. Leaders include General Motors, Chrysler, and Dow components like Curtiss Aero and International Harvester, which reach new peaks amid strong first quarter results and dividend expectations. New York Traction slips on profit-taking after a brisk session.
MENTIONED IN THIS ARTICLE
Arket
Ois
Chrysler
Baker
Hupp
Can Telephone
International One
American Bank
Kodak
International Har
Dupont
American
Curtiss Aerose
York Traction
Stock market notes and dividend declarations May 4
May Department stores declared two regular quarterly dividends of 1 dollar on common. Victor Talking Machine Co earnings rose to 1.54 a share in the first quarter from 0.72 in 1927. Wabash Railway authorized to issue 17.867 million dollars in refunding and general mortgage bonds. New York exchanges closed Saturday. offices to remain open. House passes McNary Haugen bill with objection to equalization fee. Justice Stone may grant stay if a seven cent fare is attempted before court ruling. NY Fed kept rediscount rate at 4 percent. Fed ratio 70.2 versus 71.3 week ago. Canadian Pacific April gross 4.287 million vs 4.486 million prior. Loans on stocks and bonds rose to a new high of 281.657 million. NYSE collateral loans reached a record 4.9077 billion. Stock opinions by Hornblower Weeks, Jackson Bros., Hirsch Limethal Co. indicate mixed outlook. Weather notes: home, east and west Texas showers. Worth Street quiet. wool markets weak from liquidations by large buyers.
MENTIONED IN THIS ARTICLE
New York
Victor Talking Machine Co
Subes
Wabash Railway
I. Co. G
New York Stock Exchange
Curb
House
McNary-Haugen
U. S. Stone
Justice
Supreme Court
New York Federal Reserve Bank
Federal Reserve System
Canadian Pacific
Federal Reserve
New York City
Hornblower
Rails
Jackson Bros
Hirsch Limethal Co
Cottonseed Oil Futures Market Report
Cottonseed oil closed easy on May 4 in New York. Prices listed for delivery months range from crude 875 to 900 to futures 1035 to 1070 with several near term and distant months noted. Sales volume shown as 00.
MENTIONED IN THIS ARTICLE
New York
Tired F Mother promotion note at Bland’s
A brief promotional line urges purchasing a copy of a work titled Tired F Mother at Bland’s store. The message suggests a simple sales pitch without additional context or details.
MENTIONED IN THIS ARTICLE
Bland’s
Cotton Letter From New York Market Summary
Liverpool 12:15 p.m. May 18, July 16, October 14, December 8. American points ahead of due. Spot sales 7,000 mids. Prices 1160 to 1185, up from yesterday. Southern weather noted. cloudy in the west, clear in the center and east. Forecasts call for fair warm conditions in the Carolinas Georgia Alabama Mississippi Louisiana Arkansas Oklahoma.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Carolinas
Georgia
Alabama
Mississippi
Louisiana
Arkansas
Liverpool market and weather notes from Texas Cotton report
Stock Gossip reports Liverpool cables due 27 to 29, market opened steady and mid day steady lower, spot cotton quieter with mids 25 lower at 1160. Sales total 7,000 with 3,000 American. imports 22,000 with 9,090 American. Weather notes show cooler western belt and light rain in Amarillo Abilene San Antonio Palestine Corpus christi Fort Worth with night rain in Colorado Oklahoma Missouri. Forecast eastern central belts fair and warmer. western belt showers cooler.
MENTIONED IN THIS ARTICLE
Liverpool
South America
Stanley
Amarillo
Abilene
San Antonio
Palestine
Corpus Christie
Fort Worth
Colorado
Oklahoma
Missouri
Cotton market outlook notes and trading tone
Wade Bros advise picking up cotton on a scale, Hubbard Bros expect further weather to renew outside buying, and Orvis Bros see buying now as favorable. An active two sided market is expected in today’s session with no major change in overall trading. Coming events.
MENTIONED IN THIS ARTICLE
Wade Bros
Hubbard Bros
Orvis Bros
Whitney's Letter Notes Mild Money Outlook
In New York on May 4 predictions point to a renewal rate under 6 percent today with only a fractional further lowering in the call rate thereafter, according to Whitney's analysis. The brief remark frames a cautious monetary stance with limited near term shifts.
MENTIONED IN THIS ARTICLE
New York
New Orleans Cotton Opens Steady on West Texas Rain Outlook
Cotton futures in New Orleans opened steady as gains in early trades softened and July and October contracts retreated from highs. A sharp rally rumor proved unfounded, futures later firmed, with mid session showing modest gains over yesterday. Liverpool weekly stats report adds context with U S export and stock figures.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
West Texas Drouth
Market tips from Whitney on stocks for next week
Whitney advises holding over the weekend for higher prices. He notes brokers loans rose modestly in April and the Fed weekly rise aligns with expectations, supporting further market advance. He calls resumes in General Motors to reach 200 and set targets between 225 and 2465, and urges buying Missouri Pacific under last year's low as a value. He also suggests purchasing Armour B for a forthcoming earnings driven advance.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Federal Reserve
General Motors
G. M
Missouri Pacific
Armour B
Whitney
Wheat prices fall after rains in west and southwest
Chicago on May 4 reports wheat prices slumping sharply after early gains as rains in the west and southwest cause material losses. Corn oats and provisions largely firm with corn moving from declines to an overall upturn.
MENTIONED IN THIS ARTICLE
Chicago
Cotton prices ease in Liverpool trade with brisk sales
Cotton spot markets show prices down across grades in Liverpool on May 4. Sales reach 7000 bales with 2,800 American receipts. Futures close easier with May at 11.02 and July 10.92 amid steady American demand.
MENTIONED IN THIS ARTICLE
Liverpool
Sugar Futures Slip as Demand Dims in New York Trade
In New York May 4 raw sugar held little sale activity with a softer undertone. Nearby futures declined under liquidation and dealer selling. Refined withdrawals stayed ample while fresh demand lagged. prices steadied at 5.95 to 6.00 for fine granulated with seconds trading around 10 points lower.
MENTIONED IN THIS ARTICLE
New York
Chicago Livestock Market Report May 4
Chicago livestock prices show a slow market with hogs around 16 000 head. Hogs mostly steady to lower. top choice 190-200 lb hogs at 10.10. Cattle drag oil trade uneven. slaughter steers 950-1500 lb mostly 12.75-14.50, bulk 12.25-13.50 with best 13.75. Calves receipts 1,000. feeders weak. sows and pigs also listed with wide ranges.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
USDA
Stock market moves and weather impact in Oklahoma and Texas
New York stocks report shows parts of Oklahoma and the Texas Panhandle affected by thundershowers with gains early. May up to 21.05 and October to 20.81 with net advances about 22 to 29 points before prices weakened to 8 to 13 point declines from midday highs.
MENTIONED IN THIS ARTICLE
Oklahoma
Texas Panhandle
Thundershowers
May
live stock prices and market notes
The report lists prices for cattle calves and sheep including feeds and weights. Fed yearlings and cows show ranges from 6.00 to 15.00 per hundredweight with variations by quality. Lambs and ewes show brisk trading with changes in price reflecting demand and supply levels.
Chicago Potatoes Report on May 4 Market Activity
Chicago potatoes show receipts of 82 cars on track 264 with total U S shipments 693 including 33 cars to Canada. Wisconsin round whites quoted 1 70 to 1 85, Minnesota 1 60 to 1 70, Idaho russets 1 70 to 1 75. New stock supplies liberal trading slow, market slightly weaker with Texas prices 3 25 to 3 50.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Canada
Wisconsin
Minnesota
Idaho
Texas
Foreign exchange rates and quotations in New York
The report lists firm quotations in cents for currencies and metals across nations including Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal with varying demand and cable rates.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Foreign Exchanges
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
New York Cotton Opens Higher on Demand and Weather Reports
New York May cotton advances 3 to 11 points on steady cables and renewed commission house demand with May at 21.02 and Oct at 20.70 after the call. Private cables note Liverpool liquidation then rallies on weather and regional demand, while Texas showers temper gains. Early offerings rose 2 to 8 points as buyers emerged on frost prospects.
MENTIONED IN THIS ARTICLE
New York
Commission House
Texas
Liverpool
Continent
South America
Cotton Briefs From New Orleans May 4
Report from New Orleans notes Texas cotton season viewed as the most backward in 15 years. Dallas wired that the government should have released the weevil report on schedule despite delays in weevil emergence from winter quarters.
MENTIONED IN THIS ARTICLE
Cotton
New Orleans
Dallas
Texas
Wired Today
Fear of a Strike Stuns Lancashire Mill Market
Uncertainty grows among Lancashire mill hands as labor tensions threaten a strike, impacting market activity and employment outlook across the region. The looming labor dispute mirrors unstable weather in its economic influence. The situation raises concerns for workers and owners alike about production and wages.
MENTIONED IN THIS ARTICLE
Lancashire
Rain Benefits Plains Cotton Estimates Rise
The Lubbock weather report notes a .39 inch rainfall across the plains improving cotton prospects with good showers reported at Brownfield and Plainview. The day’s weather map indicates general rain across the region improving soil moisture and crop conditions.
MENTIONED IN THIS ARTICLE
Lubbock
Texas
Plains
Brownfield
Plainview
Weather Belt Sees Uneven Rainfall Across Regions
Much rain falls in the western belt while central and eastern sections stay dry. Colder air returns, bringing a cooler trend to the northwest of the belt.
Liverpool cables show liquidation orders amid market lift
London reports indicate general long liquidation uncovered as cables arrive with higher bids than expected. Traders note overall market weakness contrasted by occasional firmer tones on select assets and cautious sentiment persists.
MENTIONED IN THIS ARTICLE
Liverpool
U. S. Bonds Closing Prices Report
New York May 4 government bonds closed with Liberty 31-28 at 101.11 and Liberty first 41-458 at 102.10. Liberty third 41-468 traded at 100.8 and Liberty fourth 4 1-4¢ at 102.31. Treasury 41-4¢ finished at 115.8.
MENTIONED IN THIS ARTICLE
U. S. Bonds
New York
U. S&s
Liberty
Liberty First
Liberty Third
Liberty Fourth
Treasury
Call Money Rates Landed In New York Markets
Call money firm all loans five percent with closing bids around six percent. Time loans firm with mixed collateral for 60 to 90 days at 4 7/8 to 5 8/5 and for 4 to 6 months at 4 7/8 to 6. Prime mercantile paper quoted 41/2. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
Call Money
New York
Prime Mercantile
General Motors Stock Soars on NYSE Rally
A wild bullish move in General Motors common stock pushes shares up $6.50 to a record high of $2038 on the New York Stock Exchange. Numerous other issues rise $1 to $5 as confidence firms after the New York Federal Reserve holds the 4 percent rediscount rate.
MENTIONED IN THIS ARTICLE
General Motors
New York
New York Stock Exchange
New York Federal Reserve Bank
New York Dairy Prices and Receipts Reported
Butter steady with receipts cited at 9,673. Creamery firsts quoted around 88 to 184. Cheese steady from a large 131,258 receipts. Eggs irregular with 34,486 receipts. Prices unchanged across dairy items in New York market report.
MENTIONED IN THIS ARTICLE
NEW York Dairy
New York
Emigrant Defined as One Who Leaves His Country
The term emigrant refers to a person who leaves his own country to settle in another, emphasizing cross border movement for residence or work.
B C Pain Remedy Promises Quick Headache Relief
A North Carolina druggist introduces a five ingredient formula named B C that allegedly stops any headache in three minutes and relieves neuralgic sciatic or rheumatic pain with no after effects. Available at drug stores in 10 or 25 cent sizes or by mail from B C Remedy Co. Durham, N C.
MENTIONED IN THIS ARTICLE
North Carolina
B. C. Remedy Co
Dept
Durham
Mery
Ady
Also Mentioned on This Page
Oge
Jon
York
Rk Federal Reserve Bank
West Texas
Worth Street
J. F. Clark
Pender
Better Chain
Eagle Brand
del Monte
Ee Lee
Puritan Brew
D. P
D. P. Coffee
Hioht
Liverpool Cotton Statistics
Chicago Grain
Santa Fe
Fisk Rubbe
Freeport-Texas
General Electric
Great Northern
Inter Nickel
Kenecott Copp Oe
Marland Oil “Eee
Mo Pacific
Montgomery Ward
New York Central
Eeresort
NYNH
Hsso
North American Co Or Ee
Packard Motor Car
Pan-Am Pet
Pennsylvania Setenv
Pierce-Arrow
Simms Pet
Cees Ee Eee
Sinclair Con Oil Ee
Southern Paceeeee
Standard Oil
N J Eee
Stewart Warner Ee
Studebaker Corp
Texas Company
Union Pacific
US Steel
Westinghouse Elee Ee
White Motor Co
Rhe Willys Overland
Woolworth and Co
Vicks Chem
Bell Furniture CO
North Main St
Winston Road
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