Cotton breaks lower as spring contracts hit new lows
A broad downturn in the cotton market drags spring and summer months to fresh seasonal lows. January contracts slide to 14.75 cents, March to 14.46 cents a new low, while Easter spot markets in the Southwest show weakness and Wall Street selling increases. The War Finance Corporation bill tempers buying as analysts note large Southern supplies keep prices sensitive to any uptrend. Local spot activity is quiet with no reported sales as prices fall across regions.
MENTIONED IN THIS ARTICLE
Wall Street
War Finance Corporation
Ranguren
Fragmented Cotton Market Notes Across Cities
The report summarizes erratic cotton prices and market activity from multiple ports including Augusta Fort Worth Galveston New Orleans and Savannah. It notes lower points in Augusta and Moblin declines, while Balles and bales figures are mixed with quiet markets in several hubs.
MENTIONED IN THIS ARTICLE
Teese
Augusta
Quitt
Wales
Bales Moblin
Savannah
Wacine
Mitaling
Tanuney
Mine Purchase Reported in Minas Geraes South America
An unconfirmed report from Queluz in Minas Gerais states that Morro da Mina’s Garnese mine, said to be the largest in South America, has been purchased by North American interests for approximately 4 million dollars.
Investment guidance on public utilities and railroad bonds
The Tribune answers readers on valuing public utility securities and railroads. It discusses sinking funds for long term protection, equity margins, and earnings ratios as indicators of safety. It notes railroads generally offer lower income returns, with possible improvements through favorable legislation and notes a selection of preferred stocks across several issuers. The column emphasizes cautious selection, denomination considerations, and that Sunday issues provide extensive investment guidance.
MENTIONED IN THIS ARTICLE
Coch Railroad
Makin Howaver
Stucka
Norfolk & Woeslery
Chitago & Northsyern
Mite State Bobhene Muot Steel
New Jersey
United States Rubber
Texas Power
Utah
Stock Transactions Reported By The Law Journal 1929 Offering
A 1929 funding plan prepared by Royal Securities Corporation and partners outlines a twenty five year funding and parent structure with $6 800 900 in funds and a face value of the issue. Net earnings for the first term are reported at $7218 082 with profits about eight times the manual income. A sinking fund is projected to accumulate at least 8M percent before maturity to ensure repayment.
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von Tate
Vonsder
Harris
F & Coe
Rotting & Lone
Parkingon @ Sart
Vein & Bure Ihe
Royal Securities Corporation
Jaye
Suilvsidiariws
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