Stock Market Reverses as Selling Halts Rally
Profit taking and short selling pressure interrupted the day’s gains in a volatile session. Radio shares surged to a high near 221 2-4 before retreating. several others hit new records or fell back. Trading closed heavy with about 9.5 million shares changing hands as call money spiked to 6 1/2 percent.
MENTIONED IN THIS ARTICLE
Ing
Ander
Ely
Tors
Fox, Film
Montgomery ‘Ward
International Nickel
Standard Milling
Sesterday
Freeport
Texas
Wright Aeronautical
Postum
American International
Dodge Bros
Chrysler
General Motors
Studebaker
Unclear OCR Finance Board Ticker Readout
Fragmentary market data shows odd figures like good middling and stock values. The text lists close prices such as 20.18 and 20.12 with dates March October and years 2012 2016 17, delivered as a garbled financial page snippet.
MENTIONED IN THIS ARTICLE
Coeewce
Cotton market quiet after Texas crop hints and weather view
New York reports a quiet to steady cotton market with early declines from favorable crop advice in Texas and weather optimism. Futures closed firm or slightly higher. nearby middling spot at 21.05 with March July October and December contracts listed at the day’s close.
MENTIONED IN THIS ARTICLE
New York
Texas
fYallex
Cotton market faces rain risk as weevil reports lift and delay
New Orleans reports cotton prices easy at dawn on good crop outlook and Texas weevil progress, then recovers with rain forecasts. Oklahoma and north Texas showers renew worries of setbacks, while Hester’s figures beat expectations. Private wires note weevil presence from Texas to Georgia amid market rally hopes if rain holds.
MENTIONED IN THIS ARTICLE
New Orleans
Texas
A. and M. College
Montgomery
Oklahoma
Hester
Georgia
Cotton seed oil prices steady in New Orleans market
In New Orleans on June 1 Cotton seed oil closed steady with the prime summer yellow at 9.70. Prime crude trades at 8.50 with listed futures showing Jan 10.10, Jun 9.78, Jul 9.82, Aug 9.92, Sep 9.99, Oct 9.00, Nov 10.08, Dec 10.08.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Butter and Eggs Prices and Receipts Summary
Chicago market notes show butter receipts at 19230 tubs with creamery extras 422-4 and standards 42-3-4. Firsts 41 41 S8 40 1-2. Receipts 36639 with 727 cases ordinary first 25 56 storage packed extras 29 1-2.
MENTIONED IN THIS ARTICLE
Chicago
Juang
Wheat Prices Turn Higher in Chicago Grain Markets
Wheat futures rise with mixed odds as No 2 hard and No 1 northern spring firm. Corn and oats swing, with corn easing then advancing, oats fluctuating, provisions steady. Trading shows July and September quotes across wheat corn oats rye and fats with various price levels noted.
MENTIONED IN THIS ARTICLE
Chicago
Rye
Hog market slows as hogs above 180 pounds ease
Livestock report from Chicago June 1 notes hog slaughter around 25 000 with slow demand and mixed price shifts. Heavier hogs over 180 pounds trend lower while lighter weights stay steady or stronger. top $9 0 for select 290 230 pound range. Cattle and calves show limited fed supply with brisk demand for killers and steady to sharp advance for steers amid strong slaughter figures.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Timken Roller Bearing Company Expands Production
Timken Roller Bearing company dominates 90 percent of tapered roller bearings for motor vehicles and sells electrical steel for internal use and trade. In 1928 about 4 million dollars will fund expansion to serve steel markets and cut costs. British Timken Ltd. is majority owned by the company with plans to build plants in France and Germany to meet rising foreign demand. The firm carries no funded debt or preferred stock and has paid dividends for 24 years except 1918 and 1920.
MENTIONED IN THIS ARTICLE
Timken Roller Bearing Company
Sately
Timken, Ltd
England
France
Germany
Chicago Club to Host Junior Polo Finals in 1929
Chicago will host the National Junior Polo championship finals in 1929 under the United States Polo Association. The Oak Brook club fields serve as the venue, announced by Oak Brook club president Paul Butler. The U.S. Polo Association oversees about 100 clubs in circuits feeding sectional and final rounds each year.
MENTIONED IN THIS ARTICLE
International News Service
Chicago
United States Polo Association
Oakbrook Club
Midwest
Paul Butler
United States
Fire destroys Gulf Refining office and warehouse
A Gulf Refining Co. office and warehouse at Griffin near Camden Ark. were destroyed by fire, with losses about 50 000 dollars. Officials cite defective wiring as the cause. The blaze occurred today.
MENTIONED IN THIS ARTICLE
Associated Press
Camden
Ark
Gulf Refining Company
Griffin
Here
Marathon dance contestant Briggs weighs Ferenc at Coliseum
Dr. C W K Briggs examines Miss Josephine Ferenc among about 200 entrants in the marathon dance contest to be held at the Coliseum in Chicago starting Saturday at noon. He predicts she will perform well.
Plan for Atlantic passenger service centers at Montauk Point
General W. W. Atterbury, head of the Pennsylvania Railroad, proposes a four day trans Atlantic express service with Montauk Point as the American terminal. Rail connections by the Long Island Railroad would link passengers, mail and urgent freight to Europe. He notes Fort Pond Bay as a safe harbor with suitable depth and favorable geometry for the ships.
MENTIONED IN THIS ARTICLE
Europe
W. W. Atterbury
Pennsylvania R. R
North Atlantic
Montauk Point
Long Island
Atterbury
Fort Pond Bay
Hornsby Named Cardinals Manager Alongside Sisler
Rogers Hornsby has been appointed manager of the St. Louis Cardinals with George Sisler, famed first baseman, reportedly involved as a key figure. The move pairs Hornsby and Sisler as leadership for the club after the Washington route rumors.
MENTIONED IN THIS ARTICLE
Rogers Hornsby
George Sisler
Jom
Harvard Lacs Under Princeton Captain Next Season
Harvard to learn under Henry Jeffers, Princeton lacrosse captain, who will coach the Harvard team for the rest of the season. Bill Bingham, Harvard athletic director, announced the arrangement and plans to bring the Tigers’ leadership to Cambridge.
MENTIONED IN THIS ARTICLE
Harvard
Princeton
International News
Cambridge
Mass
Harvard Lacross
Bill Bingham
Henry Jeffers
Alluring Girls Appeal to Men in Athletics
Boston reports Olympic trial hopeful Charlie Paddock voices a personal taste for a gentler feminine ideal. He explains his model must be beautiful with an enchanting charm, downplays brains, and asserts personality compensates.
MENTIONED IN THIS ARTICLE
International News Service
Boston
Charlie Paddock
Charlie
Olympic Fund
Paddock
Fragmentary reflection on careers and marriage roles
The readable fragment discusses whether women need a career and if two people should have an anchor in life. It argues that marriage should be permanent and questions modern expectations for the fair sex.
Imagination and education debated by college authorities
Cleveland reports on college chief J. M. Luckey arguing imagination in learning is not yet fully harnessed. He cites need for directed creative training, criticizing purely fanciful thought and urging systematic development in school psychology and imagination.
MENTIONED IN THIS ARTICLE
International News
Cleveland
J. M. Luckey
Edison
Sacover
Greast
Uncertain London Notice on Market and Earnings
Fragmented report from London dated June 1 with unclear details on price movements and earnings. Mentions a figure of 1,500 and a term shoeblag, but the text is garbled and many elements are unreadable.
Boy Drowns While Fishing Near Hattiesburg
Lonnie Morgan, 18 year old son of John Morgan of McLaurin, disappeared while wading the Leaf River near Hartsfield Creek after stepping into a deep hole. Crews dragged the river for his body with no success as of late today. his brothers Leslie and Gerald Peters witnessed the accident.
MENTIONED IN THIS ARTICLE
Associated Press
Hattiesburg
Miss
Lonnie
Morgan
John Morgan
McLaurin
Leslie
Gerald Peters
Exporters to Hold Annual Conference in Boston
Boston merchants and New England exporters will gather June 6 for the sixth annual New England Foreign Trade conference of the Export Club of the Boston Chamber of Commerce. The meeting aims to regain much of New England’s historic foreign trade, once led by Boston, Salem and Portland.
MENTIONED IN THIS ARTICLE
Boston
International News Service
New England
Export Club
Boston Chamber of Commerce
Salem
Portland
Also Mentioned on This Page
Ley W. Prenosil
Associated Press Financial
Manhattan
Midland Steel Products
White Mo
Rchian
Sloaea
Spessees
eMarch
Dew
Deanine
Fenner & Beane
Floweree & Co
Coolidge
Phillips Andover Academy
Andover
Alfred Ripley
Academy
Alfred E. Streans
Atlanta
Pretty Southern
N. Y
Madame Sembrich
Chicago Grain
Can Creessee
Loco
Arts Te & Ta Spyrescensesssersersses Rangeesen
Atchison Aneenons Ners Eeneeee
Atlantic
Sss
Beth
Chrysler - Fe Bae
Phillips Pet
Staereeeseoos
GOD Long Bell Lumber
Astensatenverevertera Lod Reynolds
Ar” Sinclair Con. O
Timken
Gulf Company
Blaze
Irene Simms Shields
Inter-Continental
Gen. W. W. Atterbury
Long Island Railroad
Pennsylvania
Fred A. Britton
Ilinois
Hudson River
London
Shiner
Shoeblag
Danle
Weil
Raytam
Willea
Madame Jerry
Legion of Honor
Parisienne
Madame Jenny
Madame Agnés
Modiste
Premet
Paris Grand Couture
ELGIN
Ouachita Bank
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