Stocks Rally and Selloff Fuse in Irregular NY Session
Growing fears of overbought conditions sparked extensive selling as traders reeled from sharp recent gains. Banks and steel shares moved with mixed outcomes while the market closed unevenly after about 3.1 million shares traded.
MENTIONED IN THIS ARTICLE
New York
Stanley W. Prienostl
Associated Press Financial Eriter
Pools
Willam& Writery Common
Steel Trade Reviews
Ironage
Snperior
Michigan
New Yorkens
Brooklyn Union Gas
Consolidated Gas
General Ptecrie
Jose of
Tariff Hearings To Continue Into Fall Says Senator Smoot
Senator Smoot of Utah said hearings on the agriculture section of the tariff bill would span into December unless involved interests consolidate their presentations. Witnesses included leaders from the national cooperative milk producers federation proposing dairy duty increases. Subcommittees opened hearings on flax hemp jute and earthware and glassware.
MENTIONED IN THIS ARTICLE
Washington
Smoot
Utah
Senate
National Cooperative Milk Producers Federation
Chester H. Gray
American Farm Bureau Federation
Bingham
Republican
Conn
Gray
Northwest
Cotton costs debated by Simmons and Gray
Senator Simmons of North Carolina argued that cotton coverings would raise costs by 50 cents per bale. Gray countered that the extra expense would be offset through higher cotton production gains.
MENTIONED IN THIS ARTICLE
Simmons
North Carolina
Gray
Colquitt Legislators Propose Two Cent Gas Tax Increase
Colquitt county representatives John Co. Parker and L. L. Moore propose adding two cents per gallon to the gas tax to fund hard surface road construction. They say the measure would raise about 30.2 million dollars over two years starting Oct 1, 1929, about 15 million annually, enabling permanent road work.
MENTIONED IN THIS ARTICLE
Moultrie
John Co. Parker
L. L. Moore
House
Colquitt County
Senate
Georgia
Moore
Parker
New York Cotton Shows Quiet Midday Trading
Cotton markets in New York on June 1 remained quiet with uneven moves as favorable weather and crop reports sparked late rallies. Futures closed mixed with declines of two to five points for active months while spot middling held at 18.75 cents.
MENTIONED IN THIS ARTICLE
New York
Moultrie Hog Market Report
The Moultrie hog market lists No 1 packer hogs at 10.00 and No 2 packer hogs at 4. Roughs appear with unspecified values in this corrected daily market update from Swift and Company Moultrie Georgia.
MENTIONED IN THIS ARTICLE
Swift & Company
Moultrie
Chicago Live Poultry Prices Show Broad Range
Chicago live poultry prices for June 19 list various fowl types with ranges including 25 2544 for poultry, 38 for springs, 34 for broilers, 20 for roosters, 22 30 for turkeys, 17 20 for ducks, 26 for spring ducks, and 15 for geese plus spring geese, reflecting market spreads.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Livestock and New York Sugar and Liverpool Cotton News
Chicago hogs receipts 15,000 with early trading higher but later rounds slipping. Cattle receipts 7,000 with slow trade and weaker yearlings. Sheep receipts 9,000 with lambs weak to 10 lower. New York sugar steady at 3.58 spot. refined 4.85. Liverpool cotton prices eased with futures quiet. July at 9.92 and other months around 9.89 to 9.95.
MENTIONED IN THIS ARTICLE
New York
Chicago Livestock
Chicago
U. S. Dept. of Agriculture
Liverpool
Grain futures mixed as wheat and oats firm in Chicago
Chicago prices trended firmer amid federal marketing talk. Wheat opened near yesterday's close, advanced moderately, while oats and provisions also rose before easing. Corn showed gains after initial stability. New Orleans cottonseed oil closed steady with varied contract quotes across months.
MENTIONED IN THIS ARTICLE
Chicago Grain & Provisions
Chicago
New Orleans
Chicago Grain Market Report Shows Mixed Prices June
Chicago grain notes no wheat traded on June 19. Corn values ranged with No 2 mixed at 92 1/4 and No 1 yellow at 83 3/4. Oats traded 46 1/4 to 47 as barley sold 53 to 56. Timothy seed and clover seed quoted. rye sales absent. rib and belies prices listed.
MENTIONED IN THIS ARTICLE
Chicago
New Orleans Spot Cotton Steady as Quotations Set
New Orleans spot cotton closed steady with unchanged quotations. Sales totaled 691 bales with low middle 17.34 cents, middling 18.84, good middling 19.49. Receipts were 992 bales and stock stood at 718162 bales.
MENTIONED IN THIS ARTICLE
New Orleans
New York Market Report on Butter Poultry and Commodities
New York market notes irregular butter and firsts 295 3034 and seconds 29 2914 with butter unsettled and cheese steady. Dressed poultry irregular with chickens 30 47 and live poultry steady. freight and express rates listed. Call money steady at 7 percent. time loans mix 30 days to 90 days. Cottonseed oil prices firm with multiple monthly figures across June to December.
MENTIONED IN THIS ARTICLE
New York
NEW York Poultry
Call Money
Cosmos Club: Washington’s historic mansion social hub and power network
The Cosmos Club on H Street near Madison Place gains renewed prominence among government leaders. Once a Wilson era informal HQ, it now reclaims influence as current officials including Wilbur and Klein frequent the dining room and parlors, drafting projects amid chatter about the chief.
MENTIONED IN THIS ARTICLE
Washington
H Street
Madison Place
Dolly Madison
Cosmos Club
Market notes from St. Louis produce report
St. Louis produce market report lists cash wheat No 2 red winter at about 1.22 to 1.23, No 2 yellow corn around 0.94 to 0.95, No 3 near 0.93 to 0.94, No 2 white corn about 0.95, oats No 3 white around 0.44, No 4 around 0.43 to 0.43. Prices are given for various grades with typical exchange ranges.
MENTIONED IN THIS ARTICLE
ST. Louis
Skipper Rescued After Refusal to Leave Ship
Captain Louis Johnson, skipper of the wrecked Laurel, was rescued by a coast guard power boat at Cape Lookout Oregon at 8 30 am. He had remained aboard the aft portion of the ship since Sunday as it was driven ashore and torn in two. One crew member died. others were evacuated. The district endures floods with 90 percent of cattle destroyed and half the houses washed away.
MENTIONED IN THIS ARTICLE
Cape Lookout
Oregon
Louis Johnson
Laurel
Coast Guard
Johnson
Floods in Africa Kill Hundreds Across Regions
Hundreds of people are reported dead as floods sweep multiple areas including Silchar Assam Cameroons and West Equatorial Africa. Rescue teams struggle to reach affected towns amid rising water levels and scarce resources.
MENTIONED IN THIS ARTICLE
Silchar
Assam
Cameroons
West Equatorial Africa
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New_ Orleans
Conper
Anaconda
Greene Cananea
Calumet
Arizona
al Chem & Dye
T &T
Armour
Atchison
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Bethlehem Steel
Can Pac
Chicago &Ohio
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Chicago & N West
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Schulte
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Vimken Roll
US Ind
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Fleischmann
Gen
Motor
Ry Sig
Gillette Safety
Great Northern
Goodrich
Graham Paige
Greene
Ae Glidden Co
Houston
Hudson Motors
Int
Combing
Int Harvester
Sity
Southern - Wennecott Co
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Kan & Tex Murray Corp
Missouri Pac
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Pullman Radio Rem
Rand Rep
Ron &Steel
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Sears Roebuck Sinclair Concil
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Stewart Warner Syelly
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Standard Own
Standard
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Carbide Union
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Caro Chem West
Westinghouse Elec
Woolworth
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Lees
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Bliss
Trish
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Rio
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Savannah
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Thomasville Ice & Mfg. Co
Colquitt
Flowers Baking Co
Nunnally-Aking Company
Fletcher Street
Moultrie Hog Market
Beauty
Brothers
Herbert Plummer
Woodrow Wilson
Franklin K. Lane
Charles R. Cane
Newton D. Baker
David F. Houston
Wilson
Harding-Coolidge
Metropolitan Club
Metropolitan
Hoover
Commerce
Ray Lyman Wilbur
Julius Klein
Africa
Thomasville
James H. Brown
Interior Decorator
Goldstein
South Broad Bt
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