Expansion of Summer Trade Continues Despite August Dullness
New York August 8. The expansion of summer trade remained strong despite forecasts of August weakness. Railroad profits near half a billion in six months point to annual income above four billion with peak traffic ahead. Steel, textiles, and sugar demand show resilience while copper prices firm and lumber mills report mild demand. A wave of motor securities purchases signals continued confidence in the auto industry.
MENTIONED IN THIS ARTICLE
New York
C(ap
Motor Company Securities
Weekly Review of Stock Prices on Aug Market
New York stocks showed sluggish trading with a midweek rally in bonds but overall prices fluctuating within narrow margins. Public interest focused on the bull run, while bond offerings fell to 10,150,268 for the week from 89,165,000 prior week, with France's financial reforms cited as boosting confidence among investors.
MENTIONED IN THIS ARTICLE
York
Stock Exchange
Jsaues
Poincare
France
Beat
Ban
American Inc.terest
Prompec
Raila
Chicago
Mina
St. Paul
Brooklyn Union Gas
Havana Electric Railway Light and Powers
United States
Rails and Industrials Hit Record Highs In Stock Boom
New York reports a strong stock market week with rail and industrial averages at all time highs since 1913 and 1920 respectively. Growth cited from Cochran interview mid summer business expansion, earnings statements, freight and rail earnings, and easy credit. Bond prices rose little as stock funds attracted speculative and investment money amid mixed community prices and commodity shifts.
MENTIONED IN THIS ARTICLE
New York
Copper demand falls as London market waits on prices
In New York on a late week report, copper demand softened while London traders noted a reactionary tone. Rumors of price shading by second hands circulated but no selling pressure followed. Finished product activity remained solid and producers reportedly held electrolytic copper at about 14 1 2 cents as expectations of continued strong home consumption persisted.
MENTIONED IN THIS ARTICLE
New York
London
Torrington Company Buys Winsted Land in Winchester Center
After nearly two years of negotiations Torrington Electric Light Company completed a land purchase in Winchester Center for a reservoir likely to power water operations. Elton and Yates of Waterbury sold the two large tracts. deal closed after agreeing on price and deeds filed at Winsted town clerk.
MENTIONED IN THIS ARTICLE
Torrington
Aug
Torrington Electric Light Company
Winchester Center
John Yp. Elton
Edmund H. Yates
Waterbury
Lght Company
Norfolk Road
Elton
Burton Moore
Winsted
Messrs
Yates
Light Company
FLOW Woolworth Company seven month sales rise six percent
Retail sales of the FLOW Woolworth company for the first seven months of this year were 128 594 052, an increase of 6.27 percent over the same period last year. July sales this year were 19 395 272, compared with 17 829 491 for July last year.
MENTIONED IN THIS ARTICLE
Woolworth Company
Brazil Tariff Drop Hits Textile Industry
In Rio Janeiro Aug 3 AP reports the Sao Paulo textile sector in crisis as 3000 mill hands face layoff when Brazital suspends operations to clear stock. Decline follows foreign goods surge after tariff reduction and currency deflation policy. Congress clash over a proportional tax ends with Chamber of Deputies ruling revenue bills must originate in the lower house.
MENTIONED IN THIS ARTICLE
Rio Janetro
Brazil
Sao Paulo
Brazital
Congress
Senate
Chamber of Deputies
Bernardes
London Markets Edge Higher in Uneven Week
London financial markets firmed over the past week with gilt edged notes steady despite a rupee shock. Foreign rails rose on Poincare win, Chinese and Mexican issues fluctuated, and tin shares spurted as volume rose. Banks idle, shipping steady, and insurance up.
MENTIONED IN THIS ARTICLE
London
Poincare
Rails
Antofagasto
Nome
Brewerlea
Olly
Shell
Manville controls asbestos business with share purchase
Hiram F. Manville has acquired 26 000 shares of the Manville corporation from his late brother Thomas Franklin Manville, giving him full control alongside the 90 000 shares he already owned. Details of the payment were not disclosed. In Mexico, funds for the debt are deposited with the International Committee of Bankers for the second half of 1926, with disbursements to bondholders due at year end. A Dominick and Dominick review notes European currencies, highlighting the Polish zloty’s persistent par deviation and the split of several nations’ monetary units.
MENTIONED IN THIS ARTICLE
Manville
Hiram EF. Manville
Thomas Franklin Manville
Hiram Manville
International Committee of Bankers On
Mexico
Europe
Dominick and
Dominick
Austria
Hungary
Czecho-Slovakia
Russia
Poland
Lithuania
Latvia
Erthonia
Refined Copper Stocks Hit Lowest Point in Six-Year Span
Refined copper stocks held by North and South American producers have fallen to the lowest level in six and a half years, equating to roughly three weeks of supply at current consumption. Prices have firmed as demand outstrips supply, signaling a shift from a prolonged oversupply. A proposed copper export association aims to curb destructive price-cutting competition among producers.
MENTIONED IN THIS ARTICLE
White Tt
Stock Averages Report From The Associated Press
Stock averages are listed with rails utilities industrials and a combined figure. The report shows totals for stock sales at 827,490 shares with daily highs and lows and comparisons to prior periods as of Saturday.
Ford's Railroad Plans Rejected
Washington August T. Henry Ford's plan to organize his railroads faced new obstacles as the examiner recommended rejection of Ford's proposal to acquire control of the Detroit Toledo and Ironton and the Toledo Detroit railroads by the Detroit and To ronton. The examiner's report will be acted on by the Interstate Commerce Commission later. The Detroit and Ironton is wholly owned by the Ford family, who also hold about 98 percent of the stock of the Detroit Toledo and Ironton, of which the Toledo Detroit line is a subsidiary.
MENTIONED IN THIS ARTICLE
Washington
Cat
Henry Ford
Detroit, Toledo and Ironton Railroad
Toledo-Detroit
Detroit and Tronton
Taterstite ‘Commerce Commission
Examiner
Detroit and Ironton
Ford Family
Detroit, Toledo and Ironton
Irving Fisher Weekly Price Index and Purchasing Power
Irving Fisher presents a weekly index of 200 wholesale commodities and a purchasing power measure relative to 1918. It shows May 1920 peak prices at 147 percent above prewar, notes 1922 low, and includes the index methods and War Industries Board data sources.
MENTIONED IN THIS ARTICLE
Irving Fisher
Houghton, Mifflin, & Co
Pollak Foundation For Economic Restarca
Newton
Mass
War Industries Board
Dan’s Weekly Review
Cotton market steady as futures dip in early trading
In New York on August 7, spot cotton remained quiet at middling 18.76 cents. Futures closed steady with declines of 11 to 14 points. October 17.28 to 17.30, December 17.22 to 17.28, January 17.27, March 17.47 to 17.49, May 17.60.
MENTIONED IN THIS ARTICLE
Eimmons
Wis
Viet Lark
West
Southern Dairy
My New York Stock Exchange
Usiness
Hmey and
Kaynaldas
Routhern Tracitte
Kaynalde
Southern Railway
Abranaiy
Hiranes
Tbis
Ae Lite Ai Ao
Marlin Rockwell i
Spear
Adams Express Aly
Ae Llb
DBD
Martin Parry Corp Ae
Ian Ly
Aby Vy Agty Jm
Mathieson
Abunada
Cox Abby Aos
Dept Storea
Steauard Mun Tay
McCvory
Brey
Albany
Elgenrohr
Melotycem Miningan
Sun
AML
Alaska
Allied Chen
Allis Chalmers
Amie
Inon Huh Rost Corp
Afidland
Ameria Corp
Miler
Tuxaber
Huperor Steel Oy
Aigon
Cheileal Wals
Emerson Brant
Ann and
St Lewis
Sweets Co
Smerson
Byington A
Hymington
Toiautograph
Andientz Johnson
Missouri
Texan Co Ae
Amer Brows Borth
Xineer
Texas
Myan Ano Am Brown Bov Prey Pat
Montean Trower
Mile Iy
Montgomery Ward
Connos
Ayo Brie
Moon Motors Sme Cs
Tex Pac Coal
Wile Tex and
Asno Am Car and Foundry
Enon
Tidewater
Nash
Rational Acrae
Fed Motors
Nat Biscult Ny
Gona Am Intern Corp
Fisk
Bago Fink
Nat Dairy Prat
Mlelechmann
Nat Tept
Uoh Boly
Nat Dept
Union OM of Cal
Taconotive
YstHlers
Trailway
United Drug Int
General Electric
Ar Nevada Coy
Sontf
Annox
Ain Stele Foundry
Dietributing Og Ag
New York
Hoffman
Angar Steel Fairy
Wiguh
Natrono Gener Motors
Hartem
Nyn
Mart
Elite
Tobarea
ANT Noy Ry
Bionimbel Bros Ine
Tobacco
Type Foundry
Aden
Norfolk Aquthern
Noms County
Troe
Foley
Wipe
Norfolk and Weat
Norfolk and
West Pr
Jon Joodeten
North America
Tiltitles Band
Ant Mie
Northern Pacific
Vanadiain Corp
West Paper
Gotham Hosewany
Wickham Leal
Asmar
Ganee
Great West Sugar
Orpheum
Arnold Constable
Guantanama
Walworth Co
Altoom Carp
Anny Hay
Gulf Mob and
Roy Enon
Ward
Otis Bjork
Warner Brow A
Tarkan Corp
Pacific Gas
Maryland
IRD
AL Sano Trayes
Ban Wert Pacific
West Parttue
Bellatay
Flamestake Mining
BN Navy
West Penn
Atlantic Coast
Hanston Ou
Anny
Bay
Bean Att Gulf
Enna Tawe Sound
Ann Western Union
Sara
Anna Weatingh
Atlantic
WANG
Hunp Motors
Austin Nichola
Penick
Ford
Wty
Penick Ant Ford
Ross Rong White Fagle
Ang Agstin Nichole
Penn
White Motors
Anna Snes Corp Prai
Agan Indian Resorts
Penn Thaitruad
Baldwin Toco
Ial Togerrolt
Rand i
Penn Seahoard
Tan Wick Fittetts
Baldwin Lsco Prim Wit
Teopien Gas
Araan Wiltra Overland
Baltimore
Esco
Parle and
Tastern
BNO Willys Overland
Pere Marquette
Et and Wiles
Ramnedali
Philadelnnia
Inter Agriculture
TANG
Wansworth
Rayak Cleatsant
Ant Gana Worth da
ARES
Isinn
Phila Ant
Eye
Aron Wright Aeronaut
Philin Morris Amd Co
BON Wrinley
GRR
Jagne Rethiehem Steel
Teo Inter
Potrmeunt
TNA Yale
Towne Miggers
Stele Praw
Cement
Nts
BOO Pheeanix Hastery Eran
Phoenix Hostery
Ater Harvester
Youngstown
Petrieum
al Bis Gan
Tani
Intec Mer Marine Gig
Brit Empire Rteal
Inter Mer
Pittsburgh Coat
Pitteburah Coal
Inter Nickel
Pitta
W. Va
Rano Brown
Intertyne Corp
Ing Asay BO
Tonea Bros
Butterick Aria Ta Raardan Motor
Yalinan Co Lid
Gon Arers Co
Punta Alegre
Trad Cake An Bay Jaeno
Kan City
Thraeon Calif Packing
City South Pr
Calit Petroleum
Tiadle Corp
Spano
Thu Tang Callahan Zine Ant Y
Vno Kelly Amingfield
Radin Corp Pt
Kelly Spring & Prne Wate
Securities
Ba Catunet
Feet Tita
Kelsey Whel Viege
Rand Mines
Kennecott
Ehan Central
Kinney
Anao Central Leather
Lambert Co
Anno Chandler
BOM
Lehigh Valier
Fink Nin
Tron
Ilay Arty
Ayers
Idma
Pa Rao Taynt Dutett Ath
Joseph Lea
San
Loula
Savage Arma
API
San Chie
Northwa
Louisinliana
PBA
Seaboard
Seaboard Aly YU. Pr
Taebuck
Chile
China
Cowper
Christie Brown
Melvinson and
Coro
Shubert Theatre
Chrysler Motor
Chrysler, Motor Pr
Rubber closes steady with new autumn rounds
Rubber prices closed easy in New York trading on August 7. September futures settled at 38.70, with December at 40.10 and March at 40.70.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Tinett Feanaay Uhteety
Mhuett Peabody
Alkman
Atkin
Col Facl
Ron Athy
Ang Souther
Columbia Carbon
Col Gan and Eiectric
Col Gas and Bice
RIM Consol
Gan
Consol Textile
Continental
Continental Motors
BNC Crown
Unha Co
Colin Corts
Cuban Am Star
Créady
Ady Tavlaon Chomient
Dan
India
Torrington Company
Winsted Land
Balan
L Wall Street News Notes
Basra
The
Associated Press
Weekly
Indie
State OF Conn
United Loan Corp
Fairfield Ave
Corner Water St
Barnum
City Nation A
Bank of Bridgeport
Bacon Wakeman & Son., Inc
Unquowa Road
Fairfield
Moncey
GA Fidelity Loan Corp
John Het. John and Wall Sts
Ona OH
State
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