Oils And Copper Stocks Lead Market Rise
Oil and copper shares led early buying in the stock market helping to counter a broad decline. Atlantic Refining gained seven points, Greene Cananea Copper rose four, while Texas Corporation and Inspiration Copper hit new highs. Airplane stocks fell sharply but recovered later as trading picked up.
MENTIONED IN THIS ARTICLE
New York
Atlantic Refining
Greene Cananea Copper
Red Metal
Texas Corporation
Inspiration Copper
Curtiss
Wright
Baldwin
Standard
Financial stock moves and corporate updates across 1920s markets
Nat'l Power and Light declares regular quarterly dividend of 1.75 on 7 percent preferred, payable July 2 to stock of June 15. Sears Roebuck to build two California stores at cost 2.5 million. American Steel Foundries to redeem June 30 at 110 with 1.75 dividend from sinking fund. Pathe Exchange posts net loss of 2,151,000 after interest, vs 899,700 net income in 1926. Nat'l Transit declares special 7 and regular 25 cent dividend payable June 15 with May 81 record. San Francisco Fed reserve rate unchanged at 4 percent. Over 6.5 million Richfield Oil bonds converted to common, debt cut from 11.45 million to under 5 million. bonds to be retired by conversion before June 30. Cincinnati reports merger talks among French Bros., Bauer Co., with National Dairy Products. Dow Jones recommendation to buy if not already held. In rails, Can. Pac. and Missouri Pacific favored at current prices. Chrysler highlighted in motors. U S Steel deemed a good buy under 150. American Can strong. Whitney.
MENTIONED IN THIS ARTICLE
New York
Nat’l. Power and Light
Sears Roebuck
Hollywood
Long Beach
Calif
American Steel Foundaries
Red&em
Pathe Exchange
Nat’l Transit
San Francisco Federal Reserve Bank
Cincinnati
French Bros
Bauer Co
National Dairy Products Corpn
Dow Jones
Whitney's Letter Signals Stock Market Rally Next Week
Whitneys letter reports short interest has expanded and that buying pressure from rising money rates brokers loans and raid efforts has absorbed selling. It predicts the market will advance next week led by rail stocks with oils and metals improving. Texas Corporation and S. O. of N. Y. were both strong buys on the exchange.
MENTIONED IN THIS ARTICLE
New York
Rail Group
Texas Corporation
S. O. of
N. Y
Cotton Market Report Slowly Shifts in New York and South
May 21 report notes mixed futures with Liver pool 12 16 July 16 and other dates, five thousand American points above spot in modest Worth Street activity. Weather across cotton states rains in Abilene and Shreveport with showers forecast. Wage vote counted today and cotton legislation unlikely this session. market outlook cautious with possible rally extension followed by selling pressure.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Abilene
Atlanta
Shreveport
Worth Street
Manchester
Washington Special Cable
Grain Bulls Face Setbacks in Wheat Market
Chicago bullish sentiment eases as wheat prices fall roughly fifty percent from recent highs. Traders eye weather and crop reports in North America and Europe for rebound chances around the 150 level. European import needs are rising, aiding grain optimism despite the setback. Corn shows buying resistance while oats attract purchases on price dips.
MENTIONED IN THIS ARTICLE
Chicago Tribune
Chicago
North America
Europe
Broomhall
Logan
Bryan
Wheat and corn prices seen rising amid market optimism
Bartlett Frazier and Stein Alsterin express confidence that world wheat prices will trend higher and corn prices will follow upward. They indicate a continuation of the bullish market sentiment and expect sustained price gains.
MENTIONED IN THIS ARTICLE
Bartlett Frazier
Stein Alsterin
Rainy weekend gives way to cooler Monday across belt
Heavy rains drenched Georgia and Texas with scattered showers in the eastern and central belt. Forecast calls for Monday to be generally partly cloudy and cooler across the region. Stanley reports the lingering wet spell but expect relief as the workweek begins.
MENTIONED IN THIS ARTICLE
Belt
Texas
New Orleans Cotton Trades Higher on Weekend Rain
The New Orleans cotton market opened steady and rose about 1.25 a date from Saturday as buying advanced after weekend rains in the belt. Early trades gained 7 to 12 points on Liverpool cables with July near 20.90, October 20.75, and December 20.68 as the market moved toward the highs on moderate volume.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Call Money Rates and Short Term Loans in New York
Call money on May 21 showed fid 6 percent. Time loans offered with mixed collateral for 60-90 days at 5 percent plus. 4-6 months at 5 percent. Prime mercantile paper 4 1/2 percent. Bankers acceptances: 30 days at 4 1/4 percent, 60 days at 4 1/4 percent, 90 days at 4 1/4 percent, 4 months at 4 1/2 percent, 5-6 months at 4 percent.
MENTIONED IN THIS ARTICLE
Call Money
New York
Call Money Fid
Prime Mercantile Paper
Government Bonds Close Mixed in New York Market
U S government bonds closed with Liberty 3 1 2s at 100.12 Liberty first 4 1 4s at 101.22 Liberty third 4 1 45 at 100.10 Liberty fourth 41 45 at 102.11 Treasury 4 1 4s at 114.28 Treasury 4s at 109.30 Treasury 3 3 4s at 106.3 Treasury 3 3 4s at 101.20.
MENTIONED IN THIS ARTICLE
Government Bonds
New York
U. S
Liberty
Treasury
Foreign exchange quotes mixed on New York market
On May 21 foreign exchange rates showed mixed demand across currencies. Notable figures include Great Britain around 487 to 488, France near 3.93, Italy about 5.26, with varied demand for Belgium Germany Holland Norway and others. Tokyo and Shanghai values appear with regional rates.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho- Slovakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Wheat Prices Slip After Irregular Chicago Start
Chicago grain markets opened with mixed signals and a downtrend as Wheat prices moved lower following an irregular early session. Traders cited unsettled demand, speculative pressure, and nearby supplies influencing the downward turn.
MENTIONED IN THIS ARTICLE
Chicago
Drought Reports Shape Market Changes Across Corn Belt
Officials expect continued drought impact as west and southwest regions show displacing effects for now. Early quotations move from slight gains to setbacks with corn opening 1 1/2 to 2 cents higher then retreating, oats slipping while provisions trend upward.
Cotton futures open steady in New Orleans
In New Orleans on May 21 cotton futures opened steady with May at 2069, July 2074, October 2062, December 2057, and January 2058.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton futures open steady with varied midsession quotes
New York May 21 cotton futures opened steady with May at 2120, July 2097, October 2104, December 2090 and January 2080. Traders awaited supplies and demand signals as markets showed little initial movement.
MENTIONED IN THIS ARTICLE
New York
Potatoes Market Report From Chicago On May 21
Potatoes receipts total 201 cars on track 332 for United States shipments 779 with 39 cars Sunday. Old stock demand slow market dull Wisconsin sacked round whites 1.40 1.45 Idaho sacked russets 1.60 1.70 commercial 1.40 1.45 new stock demand fair market barely steady Alabama Louisiana Texas sacked bliss 2.75 3.00 Florida barrel spalding rose 4.50 4.75 mostly 4.75
MENTIONED IN THIS ARTICLE
Chicago
United States
Canada
Wisconsin
Idaho
Alabama
Louisiana
Texas
Bliss
Florida
Chicago Livestock Market Report May 21 Hogs Cattle Prices
Chicago livestock receipts show hogs about 50 000 with prices 5 to 11 lower than Friday. Top hog 9.95 per cwt for 200 220 pounds. Cattle and calves total 27 000 with slow trading and declines on many classes. Slaughter steers 13.00 15.00 per cwt across weight ranges. fed yearlings 12.75 14.50. cows 8.00 12.25. bulls 7.57 10.75. veal 11.00 16.00.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
Cotton futures close steady with modest declines in New Orleans
New Orleans cotton futures ended steady with a net decline of 6 to 8 points. May and July contracts showed sharp intraday moves from higher to close, with January through December futures posting losses by session end.
Liverpool Cotton Prices Ease Across Grades
Liverpool May 12 cotton market shows quiet activity with prices easing. American grades fall from strict good middling 12.10 to ordinary 10.80, while other levels drop to 11.30 11.40 and 11.60 in middling ranges.
MENTIONED IN THIS ARTICLE
Liverpool
Market Report Cotton Futures Steady After Week
Sales reach 5 000 bales with 4 500 American. receipts 3 000 bales all American. Futures closed steady with May at 11 17, July 11 14, October 11 04, January 10 94, March 10 97, and May 1929 10 97.
Cotton futures close steady on mixed New York trading
May 21 cotton futures in New York edged higher on some contracts while others retreated. Front month May rose to 2111 with nearby months showing gains, while longer maturities hovered around 2080 to 2100 as traders weighed demand and weather signals.
Shares end mixed after late declines in high priced stocks
In New York on May 21 volatile late trading pulled down several top shares after an earlier rally led by oil and copper names. Curtiss Aeroplane slipped to 130, Wright Aeronautical to 185, International Harvester to 265, New York Central to 180, and Delaware & Hudson fell from 219 1/2 to 210 1/2 amid renewed liquidation. Southern Dairies rose to a new high amid rumors Kraft Phoenix Cheese Co may have gained open market control.
MENTIONED IN THIS ARTICLE
New York
Curtiss Aeroplane
Wright Aeronautical
International Harvester
New York Central
Expect Early Veto on Farm Relief Bill
Washington report says President Coolidge signaled an early veto of the McNary Haugen farm relief bill after a conference. The announcement heightened expectations as lawmakers await his decision on the measure aimed at aiding farmers.
MENTIONED IN THIS ARTICLE
Washington
Coolidge
Lawmakers McNary and Haugen Lead Bipartisan Measure
Senator McNary of Oregon and Representative Haugen of Iowa, both Republicans, introduce a measure. The draft bill seeks to address the key issue with cross party support and party alignment noted.
MENTIONED IN THIS ARTICLE
Senator McNary
Oregon
Representative Haugen
Iowa
Dioxol Ox Gall Tablets Offer Liver Boost
A vintage health ad warns that dyskinesia and constipation harm health by overloading the liver and kidneys. It promotes Dioxol tablets as genuine ox gall in tasteless form, claiming 10 drops per tablet and urging readers to visit Mann Drug Stores for samples.
MENTIONED IN THIS ARTICLE
Mann Drug Stores
Also Mentioned on This Page
By Stanley W. Prenostl
Can
Pac
Missouri, Pacific
Motors
Chrysler
U. S. Steel
Whitney
Clevenburg
Black Maloney
Hornblower
Weeks
Industrial Department
Northwest Rails
Allied Chem and Dye
North American Co
Bosch Magnet
Northern Pacific Seevaen
American Can Packard Motor Car Wees
Pan Am Pet
Phillips Petroleum Wee
Ssaccessee
Pierce Arrow Ae
Arma Woolen Ee
Radio Corps
Etsvenen
Arch Top
Santa Fe
Psychia
Baldwin Locomotive
Republic I and Steel
Baltimore and
Ohio
Reynolds Tobacco
Bethlehem Steel
St Louis
San Fran
Chesapeake and Ohio
St Paul
St Paul Ee ¢ 35 % 35 % 34% 34% | Sinclair Con Oil “Ee Eee
Chie and
Northwestern
Southern Pacific
Chie Rock I and
Southern Ryes
Chrysler Motor A
Consolidated Gas Wxéowetee
Studebaker Corp
Famous Players-Lasky
Freeport-Texas Co
Union Pacific
General Electric
U S
Great Northern Ee
U S Steel
Ove
Inter Nickel
Wabash Ry
Kennecott
Westinghouse Elec
Mack Truck
Marland Oil
White Motor Co
Willys Overland
Adams Millis
Woolworth and Co
Mo Pacific
Victor Talk Sch
Montgomery Ward
Vicks Chem
J. F. Clark
Standard Oil Company
New Jersey
North Carolina
Charlottesville
Thomas Jefferson
Monticello
Virginia
Manston
Morristown
Broadway, N. Y. C
Middle Atlantic States
Stanley
Chicago Grain
Hart Drug Company
Tinen
Wall Street
Kester Furniture Co
North Main
DIZE
Tent CO
South
Main Street
Winston-Salem
N-C
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