Sharp stock break hits market as credit tightens
The New York stock market fell sharply today amid renewed credit restrictions and heavy liquidation. Aviation and railroad equities led losses with major names down 5 to 20 points. margin requirements and calls on loans cooled bullish sentiment.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosti
Associated Press
New York
New York Traction
U. S. Supreme Court
Wright
Curtiss
Dupont
U. S. Cast Iron Pipe
Interborough Rapid Transit
American Bank Note
General Motors
Coca Cola
Radio
American International Corporation
Victor Talking Machine
Delaware and Hudson
Texas and Pacific
Wabash
John F. Clark & Company
John F. Clark & Company based in the Commercial National Bank Building continues its business activities at the listed address, indicating its ongoing presence in the local commercial sector.
MENTIONED IN THIS ARTICLE
John F. Clark & Company
Commercial National Bank
Cotton Market Report Shows Weather Influences
Liver pool at 12.16 p m with July and Oct at 6, Jan 4 American points better than due. Spot sales 5,000 mids 1187 against 60 yesterday. Southern weather forecasts include mostly cloudy central and eastern belts and warmer West Texas. Vinson cotton bill faces opposition in the House. Senate committee deadlock may delay action this session.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Texas
Oklahoma
West Texas
Rio Grande Valley
Okla
Ark
Miss. Fair
Ala
Carolinas
Worth Street
Vinson
House
Senate
Smith
Clevyenburg
Stock Gossip Coming Events Preview Quiet Session
Market notes see no major change in today’s session. Bulls may sweep into coppers rails and select industrials while specialties soften. Oil rail and metal sectors show new speculative interest. spring wheat crops influence prices. profit taking advised on wheat rallies.
MENTIONED IN THIS ARTICLE
E. F. Hutton
Clark Childs
Hornblower
Weeks
Thomson & McKinnon
Hulburd
Warren & Chandler
Market posts counterintuitive start to week
Whitney's letter notes the market opened with a normal reactionary move after yesterday's decline, resisting extremes and suggesting a substantial rebound to ease negative impressions. The author doubts a drastic reaction and sees irregular movement taking longer than expected.
MENTIONED IN THIS ARTICLE
New York
Dividend Declarations And Railroad Election News
Liggett and Myers declares regular quarterly dividend of 134 percent on preferred payable July 2 with record June 11. Motormeter and subsidiaries report first quarter earnings of 92 cents on class A and 29 cents on class B, versus 1.05 and 55 cents a year ago. Federal Railroad Emergency Board says the Brotherhood strike on Kansas City Mexico and Orient lines is not justified and urges unions to accept wage increases or arbitrate.
MENTIONED IN THIS ARTICLE
New York
Liggett and Myers
Motormeter Company and Subs
Federal Railroad Emergency Board
Kansas City
Mexico
Orient
Senate Bill Cuts Taxes Across States in Conference
Senate approves a tax reduction totaling 205.875 million dollars, against 289.735 million approved by the House and 201 million recommended by Secretary Mellon. The measure moves to a conference with the House to reconcile differences.
MENTIONED IN THIS ARTICLE
Senate
House
Mellon
Pyle's Runners Close in on Liberty Finish in CCC Derby
Pyle's trans continental couriers near New York City after a 3 500 mile trek. Andy Payne leads John Salo by about 16 hours as Salo wins yesterday's 74 6 mile leg in 12 13 9. Payne and James Pollard finish third in 13 36 43 amid Von Flore leg injuries and a hit and run incident.
MENTIONED IN THIS ARTICLE
Deposit
N. Y
Liberty
CCC
Pyle
New York City
Andy Payne
Claremore
Okla
John Salo
Passaic
N. J
Salo
Payne
Waverly
Los Angeles
James Pollard
Reno
Nev
Frank von Flore
Kerman
Calif
Traveling School for Dentists in the State
A pioneer traveling summer school for practicing dentists of North Carolina was announced by Dean Arthur D. Black of Northwestern University dental school. Ten faculty will conduct a ten week program under the University of North Carolina extension division visiting Greenville Raleigh Greensboro Winston-Salem and Charlotte for weeklong courses starting June 4 and ending August 10.
MENTIONED IN THIS ARTICLE
Chicago
North Carolina
Arthur D. Black
Northwestern University Dental School
University of North Carolina
Greenville
Raleigh
Greensboro
Winston-Salem
Charlotte
Chicago Dairies Reports Butter Prices and Receipts
New York May 22 butter market notes steady tone with strong receipts of 20,090 packs. Current makes cited for No 1 at 84 dollars and No 2 around 82 1/2 to 83 dollars per unit.
MENTIONED IN THIS ARTICLE
New York
Grain and feed prices in Chicago market report
Chicago May 22 cash grain prices show No 1 hard wheat at 4.55 a bushel No 1 northern spring 1.51 rye not quoted barley 91 to 1.00 timothy seed 4.15 to 4.90 cloverseed 19.25 to 26.25 lard 11.97 ribs 13.87 bellies 11.17.
MENTIONED IN THIS ARTICLE
Chicago
U S Government Bond Closing Figures in New York
U S government bonds closed with Liberty 2s at 100.9, Liberty first 4s at 101.30, Liberty thirds 4 4s at 100.2, Liberty fourth 4s at 102.4, Treasury 44os at 114.1, Treasury 4s at 109.1, and Treasury 3s at 106.8.
MENTIONED IN THIS ARTICLE
U. S. Bonds
New York
U. S
Liberty
Liberty First
Liberty Third
Liberty Fourth
Treasury
Foreign exchange rates mixed across world currencies
The market shows varied demand and cable quotations for nations including Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Yugoslavia Austria Romania Argentina Brazil Japan and China with notable figures such as Tokyo 46.30 Shanghai 69.75 and Montreal 99.90 percent.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
New York Cotton Market Ends Quiet Amid Mixed Signals
The New York cotton market today saw narrow fluctuations with an initial 7 to 10 point drop from renewed selling, then rebounds on favorable weather outlook and Manchester and Liverpool buying news. Midday prices drifted slightly lower, futures closed up 1 to 4 points, spot quiet with mid dling at 21.40.
MENTIONED IN THIS ARTICLE
New York
Manchester
Liverpool
Liverpool Cotton Prices Edge Down in Limited Demand
Cotton spot in limited demand with prices easing. American grades show strict good middling at 12.07 and good ordinary at 10.77. Total sales 5,000 bales, of which 3,900 are American. receipts 5,000 with 3,200 American. Futures closed easy with May 11.16 and July 12.11.
MENTIONED IN THIS ARTICLE
Liverpool
Cotton futures close with mixed moves across contracts
Prices edged higher and lower across months as afternoon selling linked to southern Texas weevil reports. Exports reached 11 568 bases while futures finished steady with a net two points up to four down across January through December 2034 contracts.
MENTIONED IN THIS ARTICLE
Texas
Wheat market edges higher on uncertain crops and strong cash demand
Wheat stocks fall and ocean shipments to Europe lag last year while Europe needs North American supplies. Bulls weigh uncertain northwestern crops and a potential price lift needs outside buying. Corn outlook remains weak as acreage grows but cash premiums stay strong and farmers hold for higher prices.
MENTIONED IN THIS ARTICLE
Chicago
Europe
North America
Kansas City
Cotton Briefs Market Outlook and Weather Notes
Pynchon & Co expect the market to ease for now with scarce contracts. Hubbard sees little selling incentive and cautious buying. Orvis advises buying on dips with scale purchases if the market allows. Stanley reports cold drizzles across Memphis to Mississippi with light rain in Oklahoma City and San Antonio. Forecasts show an eastern belt mix of clouds and showers, central belt similar, and western belt mainly cloudy with local showers in the Rio Grande Valley and warmer temperatures.
MENTIONED IN THIS ARTICLE
Pynchon & Co
Hubbard
Orvis
Stanley
Memphis
Ark
Tenn
Miss
Oklahoma City
San Antonio
Central Belt
Mississippi
Rio Grande Valley
Major League Leaders May 21 Summary
National leaders include Critz Reds 31 runs and Frisch Frisch 31 runs batted in with Grantham Pirates 6i. Douthit Cards 56 hits and Traynor Pirates 12 doubles. L Waner Pirates 6 triples and Wilson Cubs 8 homers. Frisch cards 10 stolen bases. Pitching Clark Robins 5 1. American leaders feature Kress Browns .394 batting and Ruth Yankees 36 runs plus Meusel Yankees 31 RBIs. Rice Tigers 47 hits and Meusel 14 doubles. Ruth 12 homers and McNeely Barrett 6 stolen bases. Pipgras Yankees 7 9.
MENTIONED IN THIS ARTICLE
Critz
Reds
Frisch
Cards
Douthit
Traynor
Pirates
Frich
Bottomley
L. Waner
Wilson
Cubs
Clark
Robins
Kress
Browns
Ruth
Yanks
Meusel
Rice
Tigers
Meusel Yanks
Senators
McNeely
Barrett
White Sox
Pipgras
House Overrules Veto on Postal Pay Increase
Washington May 22 The house again overruled a presidential veto during the Coolidge administration approving a postal pay increase measure after defeating the veto for the second time this term.
MENTIONED IN THIS ARTICLE
Washington
Coolidge
House
North Carolina farmers add wealth in 1927
Raleigh May 22 Frank H Jeter of the State College farm extension department reports North Carolina farmers produced new wealth totaling 361 605 000 in 1927 ranking the state seventh among 48 states He says farming is a great exacting profession requiring business sense science and skilled labor.
MENTIONED IN THIS ARTICLE
Fayetteville
McLean
United Daughters of the Confederacy
North Carolina
Fayetteville Arsenal
Sherman
Samuel A. Ashe
Arsenal
J. E. B. Stuart
Lee
Jackson
Gettysburg
Raleigh
Frank H. Jeter
Farm Extension Department of
State College
United States
Ballot on Wage Cuts Fails Among Manchester Cotton Workers
In Manchester on May 22 the ballot of cotton factory workers failed to show the required majority for a 12 percent wage reduction. The workers were asked whether they would accept closing mills to enforce the pay cut.
MENTIONED IN THIS ARTICLE
Manchester
Eng
Aviator Sweeley Begins Dawn to Dusk Flight to Galveston
Lieutenant William R. Sweeley launched from Buffalo at 5:15 AM in a Curtiss Falcon A-3, aiming for Galveston with stops at Louisville and Memphis to refuel. He expects a 125 mph cruising speed and to cross ten states from New York to Louisiana.
MENTIONED IN THIS ARTICLE
Buffalo
N. Y
William R. Sweeley
Galveston
Texas
Sweeley
Louisville
Memphis
Tenn
Gulf of Mexico
Lieut. Sweeley
New York
Pennsylvania
Ohio
Indiana
Kentucky
Tennessee
Mississippi
Arkansas
Louisiana
Chicago Potatoes Market Report May 22
Potatoes trading in Chicago shows 149 car receipts on track 382 with total U S shipments 479. Market subdued with weak sack demand for Alabama and Louisiana Bliss Triumphs 275 290 and Spalding Rose barrels around 475 490. Old stock slow. Wisconsin sacks round whites 125 140 Minnesota Red River Ohips 125 Idaho Russets 150 165 commercial 135.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Alabama
Louisiana
Bliss
Florida
Wisconsin
Minnesota
Red River
Idaho
Flowers vs Johnson case ends with court’s cautious mercy
Chicago May 22 Judge Sabath paused a Johnson v Johnson injunction barring James Barrett Johnson from sending flowers to Ruth Johnson. He urged reconciliation asking Mrs Johnson to explain her grievances while noting his history of handling thousands of divorces and reconciliations.
MENTIONED IN THIS ARTICLE
Chicago
Johnson Vt. Johnson
Sabath
James Barrett Johnson
Ruth Johnson
Granteng
Johnson
President signs $5 million pink boll worm eradication bill
President Coolidge signed a joint congressional resolution authorizing a five million dollar appropriation to eradicate the pink boll worm that threatens cotton crops.
MENTIONED IN THIS ARTICLE
Washington
Coolidge
Congress
Sugar futures close steady with varied May to March
New York sugar futures closed steady on May 22 with about 23,300 tons traded. May futures at 269, July 274, September 283, December 291, and March 277.
MENTIONED IN THIS ARTICLE
New York
California Fig Syrup for Children Promoted as Remedy
An advertisement urges mothers to give California Fig Syrup to children of all ages to relieve constipation and restore a playful, well child. It emphasizes the genuine product with bottle labeling directions and warns against imitation.
MENTIONED IN THIS ARTICLE
California
Also Mentioned on This Page
Clarks
Hiatt Tire Co
West High St
Whitney
Carl Peebles
Goodson St
Mineola
Dr. Moffett
C. J. Moffett CO
Dept
Columbus
Georgia
Teethina
Chicago Grain
Major League
Grantham
Allied Chem and Dye
Am Bosch
North American Co
Packard Motor Car
Pan Am Pet
Chesapeake and Ohio
Sinclair Con Oil
Eee
Chic Mil and
St Paul
Southern Pacific
Chic Rock I
Pac
Southern Ry
Chrysler Motor
Standard Oil of Nz
Stewart Warner
Consolidated Gas
Studebaker Corp
Crucible Steel
Texas Company Ee
Dodge Brosses 6S
Elec Pow
Texas Gulf Culphur
Union Pacific
General Electric
U S Steel Oe
Inter Nickel
Kennecott Copper
Westinghouse
White Motor Co
Marland Oil
Willys Overland
Mo Kans and Tex
Woolworth and
Coeneee
Adams Millis
Victor Talk Mchsete
Mo Pacific
Vicks Chem
Ese
Montgomery Ward
Ee Ee
Congoleum
New York Central
Simmons
United Daughters
Mlean
Davidson
Cameron Morrison
Davidson College
Ren. R. Lacy
B. R. Lacy, Jr
Union Theological Seminary of
Richmond
W. H. Frazer
Queens College
C. 8. Matthews
Shelbyville
J. P. Fowle
St. Louis
A. P. Hassell
Hassell
Morrison
Lacy
Frazer
N.C
Mather
A&p
P. & G. Soup
Kelloggs
Sunnyfield
Delmonte
India
Ceylon
One
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