Market Breaks Under Pressure After Rally
New York stocks slipped as week end realisations set in after a sharp rise driven by gains in United States Steel and other majors. Despite renewed buying in some issues and strength in Allied Chemical, the market ended with a fractional decline though outside support remained. Foreign exchange firmed with the franc above 4.05 and the lira aided by debt settlement hopes.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Allied Chemical
Sterling Exchange
Cotton Rally Follows Weather After Opening Decline
Unfavorable south weather shifted the cotton market from an opening decline to a rally as rains and cold forecasts reached the eastern belt. January closed at 19.85 after a high near 20.00, December fell to 20.30, with later deliveries down about 3 to 20 points. Local hedging and spot-house selling weighed. government crop reports and private estimates cited a 15,091,000 bale crop with 11,090,000 bales ginned.
MENTIONED IN THIS ARTICLE
New York
Oklahoma
Arkansas
Texas
Wheat Prices Ease as Southwest Demand Weakens Quotes Slide
Chicago wheat futures slipped as rising movement to terminal markets in the southwest reduced prices. December fell to 148 3-4, May to 145 1-2, with the close showing 3-4 to 8 cents net declines, while corn rose modestly and oats fluctuated. Provisions were largely steady to down.
MENTIONED IN THIS ARTICLE
Chicago
Southwest
Cotton market closes lower after uneven trading
New Orleans November reports show the cotton market trading in the evening and easing after pre bureau liquidation. Prices fluctuated with December and January near 19.65 to 19.87 while March hovered around 19.43 to 19.70 before closing steady but slightly lower on the day. Private estimates peg crop at 15,111,000 bales and ginning at 11,124,000.
MENTIONED IN THIS ARTICLE
ENVNC
New Orleans
Cotton Goods Market Steady with Mixed Bids and Demand
Cotton goods markets showed steadiness as sellers rejected many low bids for next year deliveries. Heavy goods sold well for the upcoming weeks, yarns firm after an active week, burlaps softer and quiet, raw silk firmer, and apparel industries active for spot and nearby deliveries.
MENTIONED IN THIS ARTICLE
New York
Cotton Seed Oil Rises On Weather Tightness In Crude
In New York on November 7, continued south weather and crude tightness spurred outside buying. Cotton seed oil firmed 7 to 10 points with 14,100 barrels traded. closing 3 to 5 points higher. Prices listed for prime crude and futures through May with December at 10.06 and January 10.07.
MENTIONED IN THIS ARTICLE
New York
Hill Roofing Co opens new plant at 117 North Wrenn Street
Grover C. Hill, proprietor, announces a roofing and sheet metal plant and offices at 117 North Wrenn Street. He pledges first class work and notes the plant will be among the most completely equipped in the region, capable of nearly all sheet metal work.
MENTIONED IN THIS ARTICLE
The
Hill Roofing Company
Wrenn Street
Grover C. Hill
Purchase Approved of San Antonio Uvalde and Gulf Railroad
The Interstate Commerce Commission approved today the purchase of the San Antonio Uvalde and Gulf Railroad by the New Orleans Texas and Mexico Railroad.
MENTIONED IN THIS ARTICLE
Washington
San Antonio
Ponzi in Florida Expects Comeback on Realty Gamble
Jacksonville reports Charles Ponsi alias Charlies Borelli is in Florida to stage a comeback and pay creditors from a 1920 Boston scam. He has lived in Jacksonville since September 28 under an assumed name and plans to subdivide Florida land for a national sale, aiming to net ten million dollars. He is out on ten thousand dollar bond awaiting Massachusetts appeal on a larceny by false pretenses charge.
MENTIONED IN THIS ARTICLE
Jacksonville
Fla
Jacksonville Journal Today
Charles Ponsi
Florida
Boston Statco
Ponsi
Journal
United States
Charlies Borelli
Massachusetts
Coast Guard aids marooned group on Hull Island
In Hawaii the Hull Island distress scene centers on a white man and 25 natives stranded for a year. Rescue teams coordinate efforts as they face limited supplies and harsh conditions.
MENTIONED IN THIS ARTICLE
Honolulu
Hull Island
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