Whitney's Letter Gives Expected Market Turn New York May 16
The author predicts a brief period of irregularity or reaction before a rise in the market. He sees upward momentum in rails with Canadiana Pac, reading, Del and Hudson, and Central. Oils, Texas Corp and Amn solvents may advance, with Armour suggested for a long position on the point-reaction.
MENTIONED IN THIS ARTICLE
New York
Canadiana Pac
Reading
del and Hudson
B and C
Central
Pullman
Westinghouse
Standard Oils
Willys Overland
Add Texas Corp
Amn
Stock Gossip and Market Outlook Mixed Into Week
Hornblower and Weeks Cop per shares show strength with copper prices rising about 1 to the pound, while further gains are anticipated. Jackson Bros Bozel Co remains friendly to oil stocks. Halle St Inglitz notes profit taking and price irregularity expected this week. Oil rails and equipment sectors offer attractive purchases. Cotton Opinions.
Market brokers forecast cautious buying on unsettled weather
Wade Bros notes readiness to buy on any reactions. J. S. Bache and Co advises taking advantage of price depressions for conservative purchases. Orvis Bros expects higher prices this week but sees the market trading 50 to 75 point range until new developments emerge.
MENTIONED IN THIS ARTICLE
Wade Bros
J. S. Bache and Co
Orvis Bros
Grain markets rally after drought relief boosts buying
After two weeks of decline in wheat and corn, liquidation by holders ended and markets rallied on bullish news. Short covering and stronger buying pushed prices higher as drought relief spreads in the northwest and southwest. Traders expect a dry season with occasional showers and favor buying on declines while corn needs rain to start its crop.
MENTIONED IN THIS ARTICLE
Northwest
Southwest
Grain markets hold with no decisive action likely
Thomson and McKinnon Wheat anticipate unfavourable crop conditions before any market move. Coarse grain prices may rise if cash demand stays brisk. Stein Aktrain and J. F. Clark expect all grain liquidation finished and foresee a price rebound.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
Stein Aktrain
J. F. Clark
Wheat Market Ends Weak Amid Mixed North American Rain
Chicago May 16 wheat prices edged lower after a brief rally sparked by dry northwest weather and Canadian concerns. A late report noted rains in most spring wheat states improving field quotations, but export demand remained small. corn and oats were flat to down slightly while provisions varied.
MENTIONED IN THIS ARTICLE
Chicago
Northwest
Canada
North America
Wheat Market Dips on Better Weather and Rains
Chicago May 16 report notes improving weather across spring and winter crop belts. General rains expected to aid crops and showers to come. Wheat opened steady to 1-2 cents lower and then declined. corn oats and provisions followed with declines after a flat to lower start.
MENTIONED IN THIS ARTICLE
Chicago
New York cotton slips as weather bureau weighs sentiment
New York May 16 The cotton market sagged early on weather bureau notes but sentiment improved as the weekly weather report suggested better conditions. Active months fell 21 to 24 points mid afternoon with July around 20.75.
MENTIONED IN THIS ARTICLE
New York
Weather Bureau
Weather
Cotton Market Report Mixed Signals From Liverpool to Texas
The Liverpool market and American points show declines while Southern weather turns unsettled. The Memphis cotton review notes the crop remains defensive due to lateness irregular stands and poor plant appearance. Demand varies with spots trading in Charlotte and forecasts call for unsettled eastern belts with possible showers. Temperatures steady and rainfall affects Missouri Arkansas and Texas regions. Liverpool cables cite Continental buying and London liquidation amid mixed sentiment.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Texas
Okla
Ark
Miss
Ala
Carolinas Fair
Memphis Cotton Review
Continental
London
India
China
Stanley
Missouri
Arkansas
Verksburg
New Orleans
Stanleys
Oklahoma
Diverse corporate dividends and production figures reported
Procter and Gamble and other firms announce regular quarterly dividends on various dates. Chevrolet reports a new high April output of 135,882 vehicles. Merger plans for IntTel Telcorpa and Mackay are declared operative. Park and Tilford sets stock and cash increments. Films units contract for electrical motion picture tech. Freight, oil, and copper production data provide weekly and monthly totals and trends.
MENTIONED IN THIS ARTICLE
New York
Proctor and Gamble Co
C and Orr
Chevrolet Motor Co
IntTel
Telcorpa
Mackay
Gergernthaler Linotype
Electric Storage Battery Co
Park and Tilford
Paramount Famous Lasky
Metro Goldwyn
Units Artists Corp
Motion Picture Apparatus of Electrical Research Products Inc
Ama Pete Institute
Amn Bureau of Metal Statistics
Turpentine and rosin firms report daily figures
Turpentine firm shows 47 percent sales and daily receipts 561 with shipments 175 and stock 13 686. Rosin firm logs sales 131 and receipts 1 901 with shipments 2 840 and stock 69 375. quotes and initials listed as B 665 D 675 E T15 FY 736 G 740 HW T745 J 760 K 755 M 755 N 835 WG 890 WW 95 X 925.
MENTIONED IN THIS ARTICLE
Turpentine Cavannah
Turpentine
Potatoes Market Report Shows Mixed Demand and Prices
Chicago dispatch notes potato receipts 99 cars with total U S shipments 838 plus 6 Canada and 2 Bermuda. Wisconsin russets firm above 1.40 to 1.85. Minnesota round whites steady to 1.20. Texas Bliss Triumphs around 3.00 to 3.25. Louisiana Alabama Bliss Triumphs and spalling rise to about 3.15 and 5.00. Old stock demand slow. new stock improving.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Canada
Bermuda
Wisconsin
Minnesota
Texas
Bliss
Louisiana-Alabama
Florida
Bliss Trumphs
Cottonseed Oil Prices Steady in New York Trading
Cottonseed oil closed steady in New York on May 16 with prime summer yellow 1030 to 1075, prime crude 8871% 912% and futures for May 1030 June 1035 July 1047 August 1065 September 1078 October 1082 November 1075 December 1073. Sales totaled 2,600.
MENTIONED IN THIS ARTICLE
New York
Government bonds closing in New York May 16
Liberty 348s 10.16, Liberty first 4145 101.28, Liberty third 414s 100.60, Liberty fourth 114 102.21, Treasury 4% 114.26, Treasury 4s 109.22, Treasury 3% 458 106.30, Treasury 34s 102.
MENTIONED IN THIS ARTICLE
Government Bonds
New York
U. Ss
Liberty
Liberty First
Liberty Third
Liberty Fourth
Treasury
Heavy selling on New York stock market erodes gains
The New York stock market faced a broad decline as fears of overextension prompted heavy selling. Wright led gains earlier, with a 30 point rise to 244 while Curtiss climbed 22 to 191.
MENTIONED IN THIS ARTICLE
N.Y
New York
New York Stock Exchange
Wright
Curtiss
Time Money
Eggs Market Update in Fresh Produce Receipts
Fresh gathered eggs show unsettled receipts with 60 604 units. Firsts and extra firsts mix at 28 to 32 percent, with a 29 percent figure noted for fresh gathered varieties. Market tone reflects price and supply shifts.
MENTIONED IN THIS ARTICLE
New York
Call money steady as markets close for May
Call money in New York on May 16 held at 5 percent with closing bids around 5 1 4. Time loans were firm with mixed collateral in 60 to 90 days at 5 and 4 to 6 months at 5. Prime mercantile paper quoted at 4 1 4 and bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
Call Money New Lork
Call Money
Prime Mercantile Paper
Cotton futures quotes set for May July and more
The market shows cotton futures with open high low and close values across multiple contracts. May, Jan, Jul, Oct and Dec months trade with close prices ranging from 2055 to 2123, indicating varying near term demand and supply expectations.
Cotton futures close steady with slight decline in prices
Cotton futures ended the session with a net drop of 17 to 20 points. January closed at 2045, May at 2072, July 2072, October 2051, December 2046, with quotes showing highs and lows across the day.
MENTIONED IN THIS ARTICLE
N. O
P. C
Copper and metal prices steady in New York market
Copper firm with spot and futures at 143-8, tin soft at 62.37 spot and 51.37 futures, lead steady at 6.10 in New York and 6.00 in East St. Louis, zinc firm with East St. Louis spot 6.07-6.10 and futures 6.10-6.15, antimony 11.25, quicksilver 123.
MENTIONED IN THIS ARTICLE
New York
Future
East St. Louis
Zinz
Quicksilver
Fire at Atlanta Constitution building controlled quickly
Fire broke out early today in the Atlanta Constitution building in Atlanta Georgia and was brought under control before gaining headway. Firemen said damage would be comparatively small.
MENTIONED IN THIS ARTICLE
Atlanta
The
Atlanta Constitution
Uncles Sam Fur Seals Move North To Alaska For Breeding
About 800,000 fur seals migrate annually from southern California to the Pribilof Islands with coast guard and Bureau of Fisheries oversight. The herd grew from 250,000 in 1911 to nearly 809,000 by 1927, driven by government restrictions on pelagic sealing and careful take at Pribilof breeding grounds. Indian and Indigenous killing near shore continues but remains limited and regulated.
MENTIONED IN THIS ARTICLE
Seattle
Wash
Coast Guard
Federal Bureau of Fisheries
Uncle Sam
Pacific
California
Pribilof Islands
Alaskan
Bering Sea
Bureau of Fisheries
Alaska
British Columbia
United States
U. S
Pribilof Islands Earn Revenue From Seal Herds
Coast guard and fisheries vessels guard the Pribilofs as seal populations rise making St. Paul and St. George Islands key rookeries. The islands have yielded over 15 million dollars in revenue since the Alaska purchase, with 1926 fur pelts selling for about 745 thousand dollars. The herd's value now stands near 30 million dollars.
MENTIONED IN THIS ARTICLE
Coast Guard
Indane
Uncle Sam's
Treasure Islands
St. Paul
St. George Islands
Alaska
United States
Bureau of Fisheries
Famous Educator to Lecture on Conservation at Central Friends
Dr. Oscar H. Reinholt famed California educator will give an illustrated lecture on Depletion of Conservation at Central Friends church next Sunday at 8 pm. He has lectured across the nation for civic clubs schools and churches and is noted for work on preventing oil investment frauds and failures. The talk will use lantern slides and form a symposium on conservation of natural resources and the conservation of the soul.
MENTIONED IN THIS ARTICLE
Oscar H. Reinholt
California
Friends Church
Guilford College
E. C. Perisho
Central Friends Church
Pacific Southwest
Liverpool cotton market reports mixed gains and steady futures
Cotton spot in fair demand with higher prices for American grades. Mid to high middling levels quoted and sales reaching 6,000 bales, mostly American. Receipts total 8,000 with 2,200 American. Futures closed barely steady with May at 10.99 and March at 10.79.
MENTIONED IN THIS ARTICLE
Liverpool
Salvation Army Founder William Booth Founder
The Salvation Army traces its founder to General William Booth, an English clergyman who established the charity and mission in the 19th century, organizing its early work and leadership.
MENTIONED IN THIS ARTICLE
The
Salvation Army
General William Booth
John A. McClintock Dies at Hampton
Former High Point resident John A. McClintock died at the National Soldiers and Sailors Home in Hampton Virginia yesterday morning. He was 50 and survived by four sisters Mrs M E Fogleman of High Point Mrs Henry Coble of Guilford County Mrs J W Kirkman of Guilford County and Mrs Carey Barley of Lexington. His wife Miss Berta Alexander of Randolph County had died nine years ago. The body will be brought to High Point for funeral and burial with details to be announced.
MENTIONED IN THIS ARTICLE
John A. McClintock
High Point
National Soldiers and Sailors Home
Hampton, Va
M. E. Fogleman
Thistle Street
McClintock
East
Russell Street
Henry Coble
J. W. Kirkman
Guilford County
Carey Barley
Lexington
Berta Alexander
Randolph County
Aged In The Wood: couple marks golden anniversary
Newaygo Michigan May 16 fifty years ago Alice Bennett gave Walter Pike a cigar at a Leap Year party. Pike kept the cigar in a chest and vowed to smoke it on their fiftieth wedding anniversary. This year they celebrate their golden anniversary as Pike finally enjoys the long preserved smoke.
MENTIONED IN THIS ARTICLE
Newaygo
Mich
Alice Bennett
Walter Pike
Pike
Ihs
New Orleans Cotton Slips After Mixed Weekly Outlook
New Orleans May 16. Despite a bullish weekly weather and crop summary, cotton prices fell about 1.50 from yesterday as rains and favorable forecasts sparked late-day profit-taking. October rose to 20.45 with December at 20.41. exports reached 32 916 bales as market turned lower mid-session.
MENTIONED IN THIS ARTICLE
New Orleans
Also Mentioned on This Page
John F. Clark & Company
Commercial National Bank
Whitney
Chicago Grain
Charlotte
North Street
Clevenburg
Nungesser
Coli
le Bourget Field
Paris
Robert Jackson
Concord, N. H
Col
Charles Lindbergh
Chicago Market
American International Corporation
American
Adams Express
American Zinc
Montgomery Ward
Kroger
Cudahy Packing
Hudson
Commission
Seeeuken
Arch Top
Baltimore and Ohio
Bethlehem Stl
Dodge Bros
Lasky Ee
Freeport Tex Co
General Motors
Great Northern
Inter Nickel
Mont Ward
Rey Tob Bol
St. Louis
San
Southern Ry
Stewart Warner
Studebaker Corp
I Texas Company
Texas Gulf Sul .Ee
Ene
Trans Oil
Union Pacific
Wabash Ry
White Motor Co
Woolworth and Co
Vie Talk Ma
Wicks Chem
John — McLintock
Hampton
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