House Approves Vinson Bill to Regulate Cotton Futures
The House Agriculture Committee approved the Vinson bill to apply grain futures rules to cotton exchanges. The secretary of agriculture would regulate futures transactions, investigate violations, and publicize results while protecting trade secrets. Amendments would cut freight charges for planters. spot markets span Charleston Savannah Norfolk and New Orleans Galvestown and Houston.
MENTIONED IN THIS ARTICLE
Washington
House Agriculture Committee
Vinson
Georgia
Secretary of Agriculture
Jones
Texas
Fulmer
South Carolina
Charleston
D. C
Savannah
Norfolk
New Orleans
Galvestown
Houston
Southbound Mail Delayed By Fog
Gene Brown flew the southbound mail from Spartanburg at 11 55 AM bound for Atlanta after pickup at Richmond 7 30 AM and Greensboro 10 28 AM. Weather caused delays as the New York Richmond plane was forced down and the mail moved by train. The mail left Richmond late and arrived seven and a half hours behind schedule.
MENTIONED IN THIS ARTICLE
Spartanburg
S. C
Gene Brown
Atlanta
Brown
Richmond
New York- Richmond
Greensboro
Chicago Grain and Cotton Markets Quiet in Early May
Chicago grain prices for May report No. 1 hard wheat at 1.66, No. 3 hard 1.63, corn 1.10 to 1.12, oats 68 to 72, rye and barley varied, timothy seed 3.95 to 4.70, cloverseed 19.50 to 26.50. Spot cotton in New Orleans closed 9 points lower with low middling 20.30, middling 21.05, stock 364,817 and receipts 8,334.
MENTIONED IN THIS ARTICLE
Chicago
New Orleans
Stocks and cotton sales booster at Clark and Company
John FB Clark and Company located in the 612 13 Commercial National Bank Building reports active stock and cotton dealings.
MENTIONED IN THIS ARTICLE
John FB. Clark & Company
Commercial National Bank
Stock dividends and production figures in New York market notes
Regular dividends declared include Standard Oil of Nebraska 62 cents and Texas Corp 75 cents. Fairbanks Co. reports $18,960 net income after depreciation for quarter ended March. domestic crude oil output for week ended May 5 was 2,466,650 barrels. Presidential primary returns show Watson 102,395 to Hoover 94,419. Comments from brokers note potential stock activity in copper, oil, and rail shares with cautious profit taking advised.
MENTIONED IN THIS ARTICLE
New York
Standard Oil
Neb
Texas Corp
Tenn Copper and Chem
Fairbanks Co
Fed
Asso. Gas
Elec
Amn. Pete Institute
Bank of Italy
Watson
Hoover
Hornblower
Packard Motor Car
Ou & S
Pennsylvania
Phillips Pet - Eee al
Radio Corp
Arch Top
Santa Fe
Baltimore and Ohio
Reynolds
St Louis
San Fran
Mil
St Paul
Seaboard Air Line
Sears Roebuck
Shrysser Motor
Simms Pet Fee
Jota Cola
Sinclair Con Oil Co
Fee Ee Eer
Vey
Southern Paciff
Orn Products “Et Eee
Ae City Southern Ry “Eee
Lodge Bros
Standard Oil of NJ
Jupont de Nem Bt
Stewart Darner
Lee
General Electric
General Motors
Great Northern
Union Pacific Ee
Springfield Tire
Kennecott Copper
Wabash Ry
Mack Truck
Westinghouse Elee
Marland Oil
White Motor Co
Willys Overland
Woolworth and Co
Montgomery Ward
Victor Talk
New York Central
Dicks Chem
Congoleum
Simmons
Investment notes chart May stock moves and targets
The column anticipates ongoing gains in rail stocks and oils with May demand for credit. New York Central eyed near 200 after 189, Reading to 140, Wabash aiming for 120, Stewart Warner 110 objective. Canadian Pacific likely to remain active between 223 and 225 toward 250. Silk to resume deferred advance.
MENTIONED IN THIS ARTICLE
New York
New York Central
Wabash
Stewart Warner
Canadian Pacific
Canadian Pac
Whitney
Cotton futures drift lower amid mixed weather notes and a regulatory proposal
New York reports American cotton futures lower by 12 points as July and Oct trade around 11.71. Weather outlook shows rain in Raleigh and generally fair, warmer across cotton states. Memphis review notes favorable lab conditions except in Texas, with poor germination in parts of West and Northwest Texas. Senator Smith plans a bill to classify cotton exchanges as public service bodies under govt regulation with southern delivery requirements to several ports. Stanley signals improved liquidity but forecasts remain negative in eastern belts. Cold rains and record low temperatures hinder sowing and germination across regions.
MENTIONED IN THIS ARTICLE
New York
Raleigh
West
Texas
Memphis Cotton Review
Journal of Commerce
Smith
Senate
N. Y
Charleston
Norfolk
Savannah
New Orleans
Houston
Galveston
Clevenberg
Spl
Cable
London
Stanley
New Orleans Cotton Prices Rise Then Ease After Weather Report
New Orleans May 9 The cotton market shows slight reaction with active buying on dips and rallies after an opening decline. July falls to 20.63 and Oct to 20.42, but moves rally 17 to 20 points in the afternoon with July at 20.80 and Oct 20.62. Exports reach 16 450 bales.
MENTIONED IN THIS ARTICLE
New Orleans
Cottonseed Oil Prices Steady in New Orleans Trade
In New Orleans on May 9 the cottonseed oil market closed steady with bids for prime summer yellow at 9.95 and prime crude 9.00. Months shown include May 10.10, June 10.10, July 10.15, August 20.20, September 10.26, October 30.38, November 10.35, and December 10.35.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton futures end higher across front months
Cotton futures closed with gains in Jan May July Oct and Dec contracts. Front month Jan rose to 2092, May 2136, and Dec settled at 2100, signaling an overall firm tone in shrugs of supply concerns.
MENTIONED IN THIS ARTICLE
P.C
Cotton futures close steady after small declines in New Orleans
In New Orleans on May 9, cotton futures finished unchanged to modestly lower. January closed at 2065, May 2107, July 2093, October 2068, and December 2063, with most contracts posting 3 to 11 point declines from earlier levels.
Raw Sugar Prices Hold Steady Amid Quiet Market
New York sugar market opens May 9 with raw sugar at 4.40 Cuban duty paid and no sales reported. Raw futures dip 2 to 3 points on liquidation as providers with Cuban ties push for caution. Refined bars unchanged at 5.95 to 6.00 with limited commitments due to raw market inactivity.
MENTIONED IN THIS ARTICLE
New York
Call Money Markets In New York Report
Call money in New York on May 9 remained strong with all loans at 6. Closing bids stood at 6 while time loans showed firmer demand. Mixed collateral for 60 to 90 days traded around 5 and 4 to 6 months at 5. Prime mercantile paper quoted at 41-2. Bankers acceptances were unchanged.
MENTIONED IN THIS ARTICLE
Call Money
New York
Call Money Strong
Prime Mercantile
Metal Prices Steady in New York Market
Copper steady on spot and futures at 1444. Iron unchanged. Tin at spot 5175 and futures 5150. Lead steady with spot at 610 in New York and 609 in East St. Louis. Tin futures and spot in East St. Louis at 600. Antimony 1137. Quicksliver 124.00.
MENTIONED IN THIS ARTICLE
Copper
New York
East St. Louis
Government bond closing figures May 3
Government bonds closed with Liberty issues trading around 100.03 for 3 1 28 and 102. First 4 1 45 at 102 with Liberty third 4 1 45 at 1006.8 and Liberty 4th 1 46 at 102.24. Treasury 4 1 48 at 113.3 and Treasury 4s 1106. Treasury 4 3 45 at 107.8 and Treasury 3 3 8s at 102.9.
MENTIONED IN THIS ARTICLE
L. & Bonds
New York
Government
Liberty
Treasury
New York Wheat Prices Steady on May 9
Reporting from New York on May 9, grain markets show Egeges steady with receipts totaling 31,838. Storage packed extra firsts are quoted at 3244 to 3344.
MENTIONED IN THIS ARTICLE
New York
Stock Market Slumps Under Heavy Selling Pressure
New York trading opened lower amid high money rates and wide selling. A late rally appeared as out-of-town funds chased the 6 percent call money renewal rate, while Coca-Cola Canada Dry merger talks triggered heavy liquidation. Major declines hit General Motors Radio General Electric and International Telephone, with oil and steel shares softening. some issues like American Bank Note and Lambert rose to new highs.
MENTIONED IN THIS ARTICLE
Stanley W. Prenostil
Associated Press Financial Akditor
New York
New York Federal Reserve Bank
Coca-Cola
Canada Dry
Harvey S. Firestone
General Motors
Radio
General Electric
International Telephone
Freeport Texas
American Bank Note
Lambert
Delaware and
Hudson
Loree
Wabash
Lehigh Valley
New York Central
Union Pacific
Southern Pacific
Reading
Rain delays NC crop work threaten next fall race at state fair
The Enterprise Bureau reports widespread weather delays in North Carolina crop planting. Tobacco and cotton prospects weaken as planting stalls, seed shortages and boll weevil pressure mount. In Raleigh racing, top drivers like Bob Robinson and Ray Keech are tied to an October state fair event under the Universal Auto Racing Association, with races on October 22 and 27 at a half mile dirt track.
MENTIONED IN THIS ARTICLE
Richmond County
J. L. Dove
Rockingham County
F.&. Walker
Moore County
E. H. Garrison
Ray Keech
Bob Robinson
DePalma
Ralph A. Hankinson
Racing Association
Keech
Daytona
Reech
Frank Lockhart
Lockhart
Universal Racing Association
American Automobile Association
Charlotte
Early cotton market slips then steadies on cool belt reports
New York May 9. Early declines in the cotton market gave way to partial recoveries on reports of low temperatures in eastern and central belt sections. The outlook called for warmer weather, but gains did not hold as the mid afternoon market quieted with net declines of 16 to 19 points.
MENTIONED IN THIS ARTICLE
New York
Turpentine and Rosin Markets Reported in Savannah
Turpentine steady at 481 4 8 1 2 with 585 sales, 1004 receipts, no shipments, stock 11044. Rosin firm with 1571 sales, 2930 receipts, no shipments, stock 66155. Quotes: B 640, D 765, E 730, Y 730. Tare and other grades listed with various prices. multiple minor grades shown.
MENTIONED IN THIS ARTICLE
Savannah
Frying Fish Tips for Coating in a Paper Sack
Instructions for frying fish or meat call for mixing flour pepper and salt in a paper sack then dropping pieces in and shaking. The method minimizes cleanup afterward.
Jailed Man Held After Bootlegging Confession
In Wheaton Illinois May 92 Thomas Novilla remains jailed though not guilty. He confessed to bootlegging and got 180 days in prison while his friend John Rinilli, the real culprit, plans a honeymoon and has not yet confessed. Novilla is being held for security.
MENTIONED IN THIS ARTICLE
Wheaton, Ill
Thomas Novilla
John Rinilli
Rinilli
Novilla
Market Steady After Early Cotton Decline In New York
The cotton market opened steady to lower by 7 to 13 points in New York on May 9, with losses of 15 to 22 points due to liquidation and local selling. Prices fell to May 21.11 and Oct 20.95 before a buying surge limited the slide, ending the hour steadier as continental demand and Liverpool activity were noted.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Liverpool
May
Bawcotton
Potatoes Markets Show Mixed Movements in Chicago
In Chicago on May 9, receipts reached 110 cars on track and 269 on hand with 0.8 on shipments and slow demand. Wisconsin sacked round whites quoted around 1.40 to 1.60, Minnesota similar, Idaho russets 1.50 to 1.60, commercial 1.30 to 1.35. New stock demand light, market steady. Texas and Louisiana bliss triumphs listed at 3.25 to 5.50, Florida spalding rose to 5.75 to 6.00 per barrel.
MENTIONED IN THIS ARTICLE
Chicago
USCOA
Wisconsin
Minnesota
Idaho
Texas
Bliss Triumphs
Louisiana
Florida
Spalding Rose
Foreign exchange rates reported in New York
On May 9 the New York market quoted mixed foreign exchange with assorted demand and cable rates. Major currencies listed include Great Britain, France, Italy and others, with Belgium, Germany, Holland, and many more showing varying percentages and cents.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecholovakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Smith supporters avoid statewide planning in North Carolina
Raleigh reports announce no state wide organization by Smith supporters for the New York presidential nomination. NC manager Zeb V. Turlington has not opened headquarters, signaling limited movement toward pledged delegates while leaders like Hoey Alley Batley Ebringhaus and Dawson are named as potential electors at large.
MENTIONED IN THIS ARTICLE
Raleigh
Smith
New York
North Carolina
Zeb V. Turlington
Mooresville
Cordell Hull
Tennessee
Glyde R. Hoey
Shelby
Felix Alley
Haywood
J. W. Batley
J. C. B. Ebringhaus
Pasquotank
John Dawson
Kinston
Addition To Catawba Faculty
The Rev. John W. Myers resigns as pastor of the Associated Reformed Presbyterian church in Charlotte effective August 1 to lead the department of religious education at Catawba College Salisbury. He will assume mid September and spend the interim at the University of Cincinnati pursuing a Doctor of Philosophy degree.
MENTIONED IN THIS ARTICLE
Charlotte
John W. Myers
First
Associated Reformed Presbyterian Church
Here
Catawba College
Salisbury
Myers
University of Cincinnati
California Crew Names Two Honorary Captains
The University of California varsity crew names two honorary captains Alvin Jodlander of Kalispell Montana and Carroll Dressler of Oakland California after they tied with the same vote total in the annual election Rydhander rows No 5 and Dressler No 4 and thus set a historic precedent in UC rowing.
MENTIONED IN THIS ARTICLE
California
Berkeley
Cal
University of California
Alvin Jodlander
Kalispell
Mont
Carroll Dressler
Oakland
Rydhander
Dressler
Hoover campaign details emerge in ten primaries
The testimony outlines a nationwide Hoover drive with ten primary states, naming James W. Good as head of the national organization and George B. Lockwood linked to it. California and Oregon had no opposition, and the witness defers Indiana funding figures to Indiana managers, suggesting Oscar Foellinger as the contact.
MENTIONED IN THIS ARTICLE
James W. Good
House
Hoover National Organization
George B. Lockwood
Republican National Committee
Steiner
Ohio
Indiana
California
Oregon
Oscar Foellinger
Miller's Herb Extract Praised by Satisfied User
Mrs Viola Gallimore of High Point North Carolina credits Miller's Herb Extract with rapid relief from chronic ill health including headaches constipation and low energy after other medicines failed. She reports improved digestion appetite and sleep with a regulated system and renewed vitality, from Hart Drug Co. promotional outreach.
MENTIONED IN THIS ARTICLE
Miller
Herb Eixtract
Viola Gallimore
Green Street
High Point
N. C
Appite
Also Mentioned on This Page
J. F. Clark
D. F. Clark
Budweiser
Anheuser-Busch
St. Louis
Thomas & Howard Co
Shoro
Ralph DePalma
Washington, D. C
Via
Southern Railway System
Crescent Limited
Washington Senators
Cleveland Indians
Southern Railway
H. D. Saunders
Flerty Duke Company
Hart Drug Co
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