Nickel Plate Sale Rumor Boosts Rail Stock Rally
New York August 18 reports say market activity and prices rose on railroad and industrial issues as speculation lingered that Nickel Plate merger settlements may favor minority shareholders. Gains led by rail bonds and several industrials, while some losses persisted in others. An upcoming German municipal bond issue was noted, with pricing around 98 to yield about 7.20 percent.
MENTIONED IN THIS ARTICLE
New York
Ciiirad
Fecola
Pradimag
Cor Rail
Strenger Gluen
Chesapeake
van Sweeingens
Mickel
Internatinal Great Northern Liustment
Delaware
Bludser
Central Gats
Norfolk Southern
Skelly
General Asphalt
Virginia-Carolina Chemical
Warner Sugar Refining
Remington Armies
Reyub'ie Iron and Steel
Brier Jil Steel
Continental Paper Bag
United States
Larer
Harris, Forbes and Company
Lee Higginson and Company
Shubert
Bureau of Railway Economics
Claas
VanSweringens
Union Pacific
Chesapeake and Ohio
Rock Island
Pere Marquette
Connecticut bankers inspect federal land bank in Springfield
Twenty five representative Connecticut bankers touring Hartford county under the Connecticut Bankers association agricultural committee visited the Western Land Bank of Springfield today. They were guests at a luncheon hosted by bank president KE Thompson. Dan H. Otis, representing the American Bankers association agricultural commission, spoke briefly.
MENTIONED IN THIS ARTICLE
Springfield
Mass
Connecticut
Hartford County
Connecticut Bankers’ Association
Wedern Land Bank of
KE. F. Thompson
Dan H. Otis
Agricultural Commission
American Bankers’ Association
Federal survey of national air routes begun
Washington August 18 A plan for a nationwide network of commercial aerial highways to link the Atlantic and Pacific coasts and Canada to the Gulf is announced by the Department of Commerce. President Coolidge approves the first two routes and surveys are under way to mark beacon lights weather broadcasts and emergency landing fields along new and existing air mail lanes.
MENTIONED IN THIS ARTICLE
Washington
United States
Atlantic
Pacific
Canada
Gulf
Department of Commerce
Tate Cracken
Coolidage
New York
San Francisco
Chicago
Atin
Texas
Post Office Department
Metracken
Salt Lake City
Los Angeles
McCracken
Air Mall
New Southwest
Dallas
Boston
Seattle
Philadelphia
Baltimore
Richmond
Raleigh
N. C
Columbia
D. C
Atlanta
Miami
Fla
Jacksonville
West Palm Beach
Tampa
Bankrupt makes ten per cent composition
In the bankrupt estate of Abe Sternberg who ran a restaurant at 1318 State Street with Referee John Keogh a final accounting shows a 4 percent composition to creditors bringing total recovery to 30 percent following an initial 6 percent arrangement.
MENTIONED IN THIS ARTICLE
Abe Sternberg
State Street
John Keogh
New York Produce Prices August 1
Potatoes firm in New York and New Jersey markets. Long Island new barrels No 1 priced at 3.75 and 4.25 dollars, 150 pounds shipments and cabbage steady with Long Island white cabbage at 1.00 and 2.75 dollars per barrel.
MENTIONED IN THIS ARTICLE
New York
Long Island
New
New Jersey
Cuban American Sugar declares mixed dividend changes
Divectors of the Cuban American Sugar company announce a quarterly dividend of 26 cents on common stock, down from 56 cents, and a regular quarterly of 1.75 dollars on preferred stock. Both payables set for October 1 to stockholders of record September 4.
MENTIONED IN THIS ARTICLE
New York
Reen Ord
Shipping News Arrivals and Departures Cut Across Ocean Ports
Shipping brief notes show the steamer Oscar arriving in New York from Oslo on August 13 and President Hayes sailing from Hong Kong to New York on August 16, with the Deutschland departing New York on August 18 bound for Hamburg.
MENTIONED IN THIS ARTICLE
Oscar
New York
Oslo
President Hayes
Hong Kong
Deutschland
Hamburg
Bankers to Buy Big Sausage Firm Gobel Co
New York bankers have acquired control of Adolf Gobel Inc, a major sausage and meat products producer with annual sales around 8 million dollars. The firm, founded in Brooklyn 35 years ago by Adolf Gobel, is expected to launch a public offer for its securities.
MENTIONED IN THIS ARTICLE
New York
Adolf Gobel, Inc
Gobel Co
Brooklyn
Adolf Gobel
Aivsies
Resbmore
Mishre & Stern
New York City
Ergol Chacaze
Boon
Messi. FW. Lalents & Co
Uncertainty Over Money Situation Hurts Curb Trade
Uncertainty over money matters and fears of delayed dividends weighed on the curb market. Traders cut commitments and took profits, with mixed activity in petroleum issues and motors. DuPont stock moved on a when issued basis, while various industrials and utilities reached new highs amid selective buying.
MENTIONED IN THIS ARTICLE
New York
Wit
American Petroleum
Istituta
Wall Street
Phiewater Associated Company
DuPont
General Motors
Bie
Stitz
Ralfowan
Grain futures rise as buy orders lead to firmer prices
Chicago August 18. Plentiful buy orders in the wheat market kept price levels slightly higher as late rains slow domestic harvests in the northwest described as a bulls factor. Opening quotes showed wheat down 1 8 to 3 4 cents, slight sag then rallies. Corn and oats remained easy with firm proviso.
MENTIONED IN THIS ARTICLE
Chicago
Rubber closes firm with mixed futures gains
Rubber markets show firmness in New York with September at 83.40, December 40.74, and March 41.79. Spot prices for ribbed sheets steady near 39.8, as buyers and sellers weigh near term demand. AP report from Rubbers exchange.
MENTIONED IN THIS ARTICLE
New York
Bmcket
Foreign exchange Quotations from Quotations firm
Foreign exchange quotations list rates in cents for Great Britain Italy Belgium Germany and others. Coverage includes 60 day bills and cable quotes, with many nations such as Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Jugo Slavia Austria Roumania and Argentina.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Austria
Roumania
Argentina
Braszit
Pokyo
Shanghai
Montreal
Portugal
Stock Averages and Bond Market Report Detailing Averages
The report lists stock averages across industrials rails utilities and composites with figures for Tuesday and the prior week and year. It notes total stock sales at 1,892,490 shares and bond market averages for various sectors, including combined indices and par value Lond sales at 17,363,000.
MENTIONED IN THIS ARTICLE
Wea
Metal market highlights with mixed copper and firm tin
In New York on August 18, copper remained dull with spot and futures at 14 1 2 cents. Tin stayed firm with spot and nearby at 65.00 and futures at 63.87. Iron and lead were steady, zinc steady at East St. Louis spur and futures 7.40, antimony spot 16.00.
MENTIONED IN THIS ARTICLE
New York
Cotton prices limp with futures barely higher
Cotton in New York on spot and middling 18 35. Futures closed barely steady with gains of 6 to 1. October 16.85 to 16 47. December 14.835 to 14.86 and January 18.90 to 16.91. March 27.10, May 17.26.
MENTIONED IN THIS ARTICLE
York
Money New York Money Market Brief August 18
Call money firm about 4 1 2 as inans closing bid 4 1 2. Time loans firm mixed collateral 60 00 days 4 1 2 4 3 4 4 6 months 4 $ 4 5 prime mercantile paper 4 1 2.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Clearing House Statement Statement August 18
CLEARING HOUSE NEW YORK August 18 Clear ing house statement Exch anges 816000000 Federal Meservea bank s credit balance 80000000
MENTIONED IN THIS ARTICLE
New York
Clearing House
Federal Meservea Bank
Small Traders Close Out as Industrials Fall
New York August 18 AP Extensive readjustment of speculative accounts caused market irregularity as small traders lightened commitments while large houses guided declines. Early losses narrowed into rallies in the afternoon with United States Steel and General Motors among notable moves. rails and motors showed strength on new orders for equipment and rails, while foreign exchange and commodity markets posted mixed results.
MENTIONED IN THIS ARTICLE
New York
Smal
Call Money
Wall Street
Steel Trade
American Petrolum Institute
United States Steel
General Motors
Mark Trucks
Pierce Arrow Jré
Hudson
Sidge Brothers A and White
Freight Traffic Breaks Records Across Railroads
Washington August 18 The Bureau of Railway Economics announced that freight traffic on American railroads for the first six months of 1926 set new records totaling 227,116,889,000 ton miles, exceeding the best six month total by 1,632,421,000 from 1923. June's volume also stood as the highest for any June on record.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Railway Economics
Treasury daily balance report shows general fund amount
The United States Treasury daily statement from Washington dated August 18 reports a balance in the general fund of 176,118,502.33 dollars. The figure reflects the current cash position of the government as of the stated date and is part of the daily liquidity disclosure.
MENTIONED IN THIS ARTICLE
Washington
Daily Statement of the
United States Treasury
Balance General Fund
Also Mentioned on This Page
Bridgeport Telegram
Mack Truck
U'S
Kay
New York Curb Exchange
Broadway
Whitehall
Conn
Federal Land Bank
Locomobile Company of America, Inc
First National Bank of Bridgeport
Bridgeport
The
N.Y
Bridgeport Gas Light
Bridgeport Brass
First National Bank
Bpt
Southern New England Tel. Co
Hincks Bros. & CO
Barnum
Aperrachive
Shipping News
Serimen
Aunlea
Elity Loan Corp
Joby Bet Fonn
Wall Ste
Tha Biate
Banda
Liberty
Aberty
Lberty
J-da
Treasury
Associated Press
Metal Market
Derby Gas & Electric Corporation
Cot
American Exchange-Pacific National Bank
Office of the Corporation
Chare'National Bank of the
City of New York
Continental and Commercial Trust and Savings Bank
Bes Pfarty
HL. Clarke
Delaware Corporation
Derby Gas and Electric Company
Wallingford Gas Light Company
Electric Light and Power and Gas
Derby
Shelton
Ansonia
Wallingford
Messrs. F. W. Lafrentz & Co
Certified Public Accountants
Utilities Power & Light Corporation
Pynchon & Co
W. S. Hammons & Co
West & Co
Aranteed
John Nickerson & Co
Denland
General Railway Signal
Westinghouse
American-La Francé Fire Engine Co
U. S
NY. Stock Exchange
Hemphill
Noyes
Mocbera
New York Stock Exchange “ City Savings Bank
Ararniere
Noble
New England Equity Corp
State St
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