Strong Buying Push Lifts Wall Street Amid Broad Rally
Buying orders surged across the nation lifting prices in a wide market rally. Leaders like American Telephone International Telephone American Bank Note Canadian Pacific and Jersey Central hit new highs with double digit moves as pools and short covering fueled gains and total volume surpassed 2.5 million shares before mid afternoon.
MENTIONED IN THIS ARTICLE
New York
American Telephone
International Telephone
American Bank Note
Canadian Paciific
Jersey Central
Federal Reserve
Canadian Pacific
General Motors
Notice To Delinquent Taxpayers For Several Property Lots
Public notice lists delinquent taxes for numerous properties including residential lots on Park Street Tipton Street Hedrick Road and Chandler Street. It itemizes firms such as High Point Realty Investment Co and Marshall Realty Co with amounts due and costs, urging payment to avoid title actions.
MENTIONED IN THIS ARTICLE
High Point Realty Avestment Co
Chestnut St
Chandler St
Keystone Cabinet Co
Cecatas
Kool Pool iInc
el Bacwawe
Lindeman Wood Finish Co
Marshall Realty Co
Wesley Place
Ennis St
Edgedale Drive
Hillcrest
Colonial Drive
Davis St
West Green
Perry Ply Wood Co
Petty Coal Co
Tomlinson
Shelton Wood Working Mach. Co
Sterhssaeateoeae
N. Main St
Lexington Ave
Sou. Oil Co
Winston Road
Turpentine Trade Figures Reported at Savannah
Naval Stores Savannah on May 1 records show Turpentine firm sales 797 receipts 488 shipments stock 9437 and resin firm sales 1210 receipts 1297 shipments 450 stock 59SOB. Included are coded references B D FE G and others with price brackets and year ranges.
MENTIONED IN THIS ARTICLE
Naval Stores
Savannah
Wheat market notes from Chicago and Liverpool
Grain opinions urge buyers to stake on weak spots as discounts persist. Bartlett Frazier maintains belief in higher world prices for wheat while corn shows a large decrease expected today. J. F. Clark & Co.
MENTIONED IN THIS ARTICLE
Bartlett Frazier
J. F. Clark & CO
Weather Synopsis Across Cities With Mixed Cloud Cover
A weather notice reports cloudiness in Atlanta Montgomery New Orleans Raleigh Savannah and Wilmington with a balance of clear conditions elsewhere. Listed temperatures show Amarillo 78 Atlanta 54 Abilene 76 Raleigh 56 Wilmington 62. J F Clark and Co.
MENTIONED IN THIS ARTICLE
Atlanta
Montgomery
New Orleans
Raleigh
Savannah
Wilmington
Balance Clear
Amarillo
Abilene
Whilmington
J. F. Clark and CO
Cotton Opinion Briefs on Recession Buying and Weather
Cotton firms express buying on recessions. Hubbard expects limited declines if favorable weather holds. Pynchon notes need for favorable conditions before declines. Wrenn recommends purchases during recessions. J. F. Clark.
MENTIONED IN THIS ARTICLE
Wade Bros
Hubbard Bros
Pynchon & Co
Wrenn Bros
J. F. Clark
Market notes on stocks and commodities in a mixed week
Town Topics reports buy recommendations on Electric Power and Texas Land Trust with price near yearly highs. Kroger, Dupont, Beth Steel, American Toolpid and Southern Dairy flagged for buying strength or dips. Chicago wheat bulls stay optimistic while outside buyers ease. corn and July futures tied to wheat. Tribute notes Liverpool and market gains of about 1 1/4.
MENTIONED IN THIS ARTICLE
Kroger
General Motors
Dupont
Beth Steel
Texas Land Trust
American Tool
Southern Dairy
Chicago
Liverpool
Cotton Market Roundup and Weather Notes from May Day
Liverpool waves mixed American market signals with spot sales around 5,000 bales and mids at 1154 versus 1160. Weather reports show rain in Georgia, cooler nights in the east, and forecasts for showers in the Carolinas and Georgia with warmer, drier conditions elsewhere. Moderate Worth Street trading. demand for colored cotton remains solid.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Macon
Carolinas
Georgia
West Texas
Worth Street
Manchester
Charlotte Special
Southern Textile Bulletin
New York Stock Roundup and Auto News Briefs
White Motors declares regular quarterly 25 cent dividend with dates June 39 and June 15. Chevrolet introduces a new convertible sport cabriolet listed at 695 dollars F O B Flint Michigan. Fishers wholesale commodity price index for weekend May 4 stands at 99.8, up from 99.7. McCrory Stores directors meet at noon for dividend action. Stock opinions note utility, oil, and copper groups as favored for constructive plays. speculative issues remain active with trading positions.
MENTIONED IN THIS ARTICLE
New York
White Motors
Chevrolet Motor Co
Flint
Mich
Fishers
McCrory
Railway stocks to rise with market expansion noted
Clark signals expected moves as figures begin to grow against last year and with this development a buying movement is anticipated in the railroad group.
MENTIONED IN THIS ARTICLE
Clark
Silver and Coin Prices Reported in New York
In New York on May 7, spot prices show bar silver at 58 3 4 cents per ounce and Mexican dollars at 45 1 8 cents, reflecting market values of precious metals and foreign coinage.
MENTIONED IN THIS ARTICLE
New York
Eggs firm receipts rise in New York sale
New York May 7 reports eggs firm with total receipts at 1585 dollars. Fresh gathered extras firsts priced at 31 cents to 32 1/2 cents per dozen.
MENTIONED IN THIS ARTICLE
New York
New York Dairy Prices Steady on Butter and Cheese
New York dairy prices hold steady as butter and cheese basics show unchanged quotes. Butter receipts total 4 441 crates with creamery extras at 92 score 44 1 2 to 44 1 4 for first grade 8 to 9 1 1. cheese receipts run 11 749 with steady quotes.
MENTIONED IN THIS ARTICLE
NEW York Dairy
New York
Chicago Potatoes Market Report May 7
Receipts 186 cars on track 265. Total U S shipments Saturday 921 Canada 21 Sunday 40 Canada 21. Wisconsin sacked round whites 1.60 1.75 fancy shade higher. Idaho sacked Rus sell 1.50 1.70 mostly 1.60 1.65 fancy shade higher. Commercial 1.35 1.40. New stock trading limited market firm Texas lacked triumphs 1.50 3.75 poor 2.75.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Canada
Wisconsin
Idaho
Russell
Commercal
New — Stock Trading Limited
Texas
Cotton market quiet with prices lower in Liverpool
Liverpool May 7. Cotton spot quiet and prices ease. American strict good middling 11.74, middling 11.64, strict low middling 11.39, low middling 11.24, strict good ordinary 11.04, good ordinary 10.74. Sales 65,000 bales, receipts 4,000. Futures closed quiet: May 11.12, July 11.06, Oct 10.92, Dec 10.83, Jan 10.83, Mar 10.83.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago Grain Prices May 7 Report
Wheat prices range with No 2 hard at 1.64 1 2 to 1 3 4. No 4 mixed at 1.59 1 2 to 1.60. Corn Mixed No 2 1 10 1 2 to 1 11. No 2 yellow 1.12 to 1.13. Oats No 2 white 68 1 2 to 70 3 4. No 3 white 66 to 69. Rye unavailable. Barley 99 to 1.07. Timothy seed 3.90 to 4.65. Clover seed 19.50 to 26.90. Lard 11.90. Ribs 12.00. Bellies 13.75.
MENTIONED IN THIS ARTICLE
Chicago
New York Central
Pennsylvania
Arch Top
Santa Fe
Atlantic Coast Line Ee
Radio Corp Rec Cst
Ieedees
Baltimore and Ohio
Oreek l
Odes Saan
Chesapeake and Ohio
Republic I and Steel
St Paul
Reynolds
Chic
Northwestern
St Louis
San Fran
Chic Rock Land Pac
Ty Consolidated Gas
Southern Pacific
Ts Corn Products
Southern Ry
Crucible Steel
Freeport-Texas
General Electric
U S Ind
General Motors
U S Rubber
Great Northern
US Steel
Gulf States Steel
Eeeweneae
Wabash Ry
Inter Nickel
Kelly Springfield Tire
White Motor Co
Kennecott Copper
Willys Overland
Sgt Mack Truck
Eevee
Woolworth and Coewe
Marland Oi
Eeee Ee
Eee
Mo Mans
Pacific Owe Eevee Eee
Ira Ward
Simmons Bed
A Montgomery
Call Money Markets Report From New York May 7
Call money firm high 5 1 4 4 low 5 ruling rates closing bid 51 percent Time loans steady mixed collateral 60 90 days 4 5 4 to 6 months 4 7 65 Prime mercantile paper 4 1 4 Bankers acceptances 30 days 3 3 5 60 90 days 4 3 90 days 4 3 4 months 4 14 4 5 6 months 4 4
MENTIONED IN THIS ARTICLE
Call Money New York
Call Money Firm
Prime Mercantile
Metals Market Report From New York on May 7
Copper firm at 1414 spot and futures, iron quiet at No 2 F O B eastern Pennsylvania 2000, No 2 F O B Buffalo 1600 17000, No 2 for Alabama 1600. Tin steady spot 5102 futures 5100. Lead steady spot 610 East St Louis 600. Zinc firm East St Louis spot and futures 595. Antimony 1112. Quicksilver 13.00.
MENTIONED IN THIS ARTICLE
Metals
New York
Pennsylvania
Buffalo
Alabama
East St. Louis
Cotton Briefs New Orleans May Weather Affects Market
The colder weekend weather across the belt and heavy rain on the Atlantic coast boosted cotton prices by 2 dollars a bale in New Orleans. Liverpool arrivals came in ahead of schedule and private cables indicated continental purchases of cotton and renewed demand for contracted lots. Manchester noted stronger cloth demand from India.
MENTIONED IN THIS ARTICLE
New Orleans
Atlantic
Liverpool
Continent
Manchester
India
Banks raise rates after Dallas Fed rediscount hike
The Dallas Federal Reserve raised its rediscount rate to 4 12 percent and more than half of regional banks in the system followed by upping their own lending rates.
MENTIONED IN THIS ARTICLE
Dallas Federal Reserve Bank
Delayed Cotton Crop Hopes Dull for Next August
With cotton in early belt sections starting late, prospects for new crop supply in next August appear weak. The report notes late planting and uncertain weather threaten production levels across key growing areas.
New Orleans Cotton Rises On Crop Fears
In New Orleans on May 7 the cotton market climbed over three dollars a bale as buyers piled in. Unfavorable crop advices from the eastern belt and a poor outlook boosted activity, with July near 20.099 and Oct around 20.78. The close showed a net rise of 57 to 65 points, ending steady.
MENTIONED IN THIS ARTICLE
New Orleans
Raw Sugar Prices Steady Amid Limited May Supply
Raw Sugar held steady as a sale of 25,000 bags of Cu ban to an operator for May delivery surfaced at 4.52, a 132 point advance. Nearby duty free sugars traded around 4.49 delivered, with May delivery 2 points lower under liquidation after 5 notices. Refined sugar stayed 5.95 to 6.00 with light new business.
MENTIONED IN THIS ARTICLE
New York
Chicago Livestock Prices Mixed Across Hogs Cattle and Sheep
Chicago market reports show hogs 30,000 head with prices 15 to 250 higher than Friday average. top 10.25 for 199-220 lb choice. Cattle and calves receipts around 18,000 with strong to 25¢ gains in killing classes. steers scarce, bulls and stockers in short supply. Sheep and lamb volumes 12,000 with lambs steady to higher, ewes weaker, market tone cautious.
MENTIONED IN THIS ARTICLE
Chicago
Foreign exchange rates in New York on May 7
Mixed quotations in cents show Britain at 4.87 3 4 for demand and 4.88 1 8 for cables, 60 day bills at 4.841 4 while France stands 3.93 3 8, Italy at 5.25 3 4 and 5.27 on cables, and many others including Belgium 13.96 and Shanghai 64.06 with Montreal at 99.96 7-8.
MENTIONED IN THIS ARTICLE
Poreign Pachange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho- Slovakia
Jugo-Slavia
Argentina
Brazil
Austria
Rumania
Tokio
Shanghai
Montreal
Cotton Prices Steady in New Orleans Trade
Spot cotton in New Orleans on May 7 closed steady with a gain of 56 points. Sales reached 571, with low middling at 2043, middling 2118, and good middling 2158. Receipts were 2950, stock 351, arr 3 er.
MENTIONED IN THIS ARTICLE
New Orleans
Grapes Transport Costs Favor Continental Vines Over England
Grapes grown in Holland and Belgium can be shipped by water to London at much lower cost than fruit grown in southern England transported by rail.
MENTIONED IN THIS ARTICLE
Holland
Belgium
London
England
Cotton futures firm on Liverpool cables and crop views
New Orleans reports a firm cotton market driven by Liverpool cables and bad eastern belt crops with heavy rains and cool temperatures. July and October futures rose to around 20.70 and 20.46 as exports reached 15 014 bales and the market closed steadily with notable gains.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
U. S. Bonds Closing Prices for May 7 in New York
U S bonds closing in New York on May 7 show Liberty 3s at 101.6, Liberty first 4s at 102.6, Liberty third 4148 at 100.8, Liberty fourth 4148 at 102.27, Treasury 414s at 115.9, Treasury 4s at 110.8, Treasury 3 78 at 102.12.
MENTIONED IN THIS ARTICLE
U. S. Bonds
New York
U. S
Liberty
Treasury
Cottonseed oil closes strong with price gains in New Orleans
In New Orleans on May 7 cottonseed oil finished firm. Prices for Prime Summer yellow 1000 and prime crude 88714 900 rose with May 1015, June 1015, July 1019, August 1025, September 1037, October 1032, Navy 1040 and December 1049.
MENTIONED IN THIS ARTICLE
New Orleans
Navy
Florida Car Reaches 206 MPH Overcoming Wind Drag
A high speed automobile in Florida achieved 206 miles per hour, utilizing roughly half of its 1,000 horsepower to counter wind resistance. The record flight underscores advanced aerodynamics and power in the state’s testing programs.
MENTIONED IN THIS ARTICLE
Florida
Cotton market steadies after early gains on rain forecasts
The cotton market rose mid session as traders covered later selling amid reports of cold rains in the eastern and central belt. Prices moved from initial gains to a steadier tone, with most months trading higher than Saturday's close, reflecting renewed demand and cautious buying.
MENTIONED IN THIS ARTICLE
New York
Cottonseed oil closes with varied futures in New York
In New York on May 7 the cottonseed oil market closed with futures ranging from 900 to 1098 per 100 pounds. Prices quoted include prime crude 900 960 and a series of monthly contracts from May 1065 to Dec 1098. Sales totaled 14,409 contracts.
MENTIONED IN THIS ARTICLE
New York
Chicago Grain Market Mixed As Speculators Sell Wheat Down
Chicago May 7 speculators pressured wheat with free selling dragging prices lower after earlier gains from dry cold weather in the west and southwest. Rallies tied to Romanian and Japanese-Chinese tensions failed to sustain, while corn and oats moved variably and provisions closed mixed.
MENTIONED IN THIS ARTICLE
Chicago
Mercury replaces water in steam turbines to raise operation temperature
Mercury serves as the vapor medium in steam turbines instead of water, enabling higher operating temperatures and efficiency gains.
Coolidge's Black Hills Pastor to Come Here
Rolf Lium, Coolidge's young Black Hills pastor from Hermosa South Dakota, gained fame after preaching before President Coolidge and attending the Summer White House. He will lecture on The Spirit of Youth for Redpath circuits this summer sharing personal experiences with the President and Mrs Coolidge.
MENTIONED IN THIS ARTICLE
Coolidge
Black Hills
Rolf Lium
Redpath
South Dakota
Hermosa
Slack Hills
Liam
United States
Resolution Would End Church Pennant Over Flag On Warships
Washington May 7 The custom of flying a church pennant above the flag on U S warships during religious services would be abolished under a resolution introduced.
MENTIONED IN THIS ARTICLE
Washington
United States
Buses Hit Bolton Shoe Trade, Repairers Claim Decline
Repairers in Bolton England report a slump in shoe business as more people switch from walking to bus travel and ride rather than repair. The shift reduces demand for local cobblers and boot makers.
MENTIONED IN THIS ARTICLE
Bolton
England
Abolition urged for cotton and grain futures by Texas grower
L Gough of Amarillo Texas, president of the wheat growers association, urged before the house agricultural committee that all cotton and grain futures exchanges be prohibited. He backed the Vinson bill, calling for disclosure of speculators and larger powers for the secretary of agriculture to investigate violations.
MENTIONED IN THIS ARTICLE
Washington
L. Gough
Amarillo
Texas
Wheat Growers Association
House Agricultural Committee
Representative Vinson
Georgia
Gough
Oklahoma
Kansas
Secretary of Agriculture
Storm Warning Issued for Northeast Storm Travel
The weather bureau issued an advisory for a northeast storm spanning from Cape Hatteras to Nantucket. An offshore disturbance near North Florida is expected to move northeastward bringing strong northeast and north winds likely to reach gale force this afternoon or tonight.
MENTIONED IN THIS ARTICLE
Washington
Weather Bureau
Cape Hatteras
Nantucket
Florida
Also Mentioned on This Page
Wall Street
Clevenburg
Alexandria
Stanley Memphis
Clark CO
J. S. Bache & Co
Hale & Stieglitz
Kornbhower & Week
Carisad
Chicago Grain
P.C
Stamey
Haseoware
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