Collapse in Foreign Exchange Sends Markets Lower
New York Feb. 2 A sharp foreign exchange collapse overwhelmed stock trading with widespread declines. Shares dropped two to five points, several speculative issues fell further, and international credits tightened with London Paris and Rome quotes at lower levels. Dealers refused outright purchases during the feverish decline, while bonds also weakened and Liberty issues hit new low records amid a market with 1,900,000 shares traded.
MENTIONED IN THIS ARTICLE
New York
London
Montreal
Aevern
Paris
Rome
Cotton market nervous on foreign exchange concerns
The Cotton Exchange report shows nerves over the foreign exchange situation as banks shift to collection bills only. May eased to 33.86 with a late decline, March 35.58, July 231.32, and October 29.00 as old crop months fell. New crop buying supported by Japanese trade links left some firmness at close. Exports for the day ran 9,462 with U.S. stocks at 1,414,993.
MENTIONED IN THIS ARTICLE
New York
Liverpool
United State
New York market report February prices and receipts
New York reports butter receipts 4231 with creamery prices mixed from 62 1 2 to 68 for various grades. Eggs weak with 10204 receipts and mixed state and nearby hennery whites and browns quoted. Sugar steady at 15.00 to 16.00 for fine granulated. Potatoes steady Maine 180 lb with TLC 7.75. Cabbages quiet. Wheat spot quiet No 2 red 2.605 nominal fob. Corn spot easy No 2 yellow 1.70 3 4. Cotton futures lower with prime summer yellow spot 20.00 to 21.72 for months.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Hennery
State
Maine
Jersey
Jersey No. 1
Liberty Bond Prices Dip Below 90 on Exchange
Liberty bonds trading on the New York Stock Exchange edged under 90 for the first time with late-day quotes for second fours at 89.98 and second 4 1-4s at 89.98, closing near 90. First 49 at 91.12, second fours at 90.00, third 41-45 at 93.00, and victory issues around 87.90 to 97.88 depending on series.
MENTIONED IN THIS ARTICLE
New York
Liberty
Stock Exchange
Allis Chalmers Besaesenenesers
Agus
Am Bosch Warneto
Amer Inter Corp
Amer
Am Steel Wolries
Amer Tel and
Baltimore and Ohio
Balt
Ohio
Bethlehem Steel
Butte and
Superior
California
Canadian Pacific
Chandler Motor
Nortwest
St Paul
Chile
Chino
General Motors
Goodrich
Great Northern
Inter Nickel
Inter Merc Marine
Kennecott
Keystone Tire and RR. Eee
Lackawanna Steelae
Lake Erie
Westeredt
Maxwell Motor Oe
Northern Pacific Aeree
Ohio Cities
Otis Steel
Pan-Amer Pet
Pennsylvania
People's Gas
Old Corp
Royal Dutch of Nyf
Sloss
Sheffield
Ceeovs
Sinclair Oil
Wee Eeesa Ee
Southern Pacific
Ween
Southern Railway
Studebaker
Texas Pacific
Union Oilene
Union Pacific
C.seweeneese
Smnee
UW S Steel
Utah
Wegen
Renee
Telephone business shows good growth in New Haven
In New Haven on February 3 1919 the S N B E Telephone company reported 161 766 stations up 8 825 for the year. Local calls reached 225 441 000 and toll calls 8 378 000 while 478 634 miles of wire were in service. Operating revenues were 2 754 026 with expenses 2 136 341 leaving a profit of 44 687 after a 350 000 dal widendy charge. Stockholders were told further financing in 1929 would likely include a 2 000 006 stock issue.
MENTIONED IN THIS ARTICLE
New Haven
S. N. EB. Telephone Company
Dalwidendy
Demand for Pennies Keeps Uncle Sam Busy
Washington February 2 The Mint reports unprecedented demand for pennies nickels and dimes as coin production runs at top speed. The January total of coins produced across all denominations reached 78 839 000 and continues to rise.
MENTIONED IN THIS ARTICLE
Washington
Uncle Sam
Tooney Mills
Baker
Coffee futures slide as Brazilian shippers weaken
In New York on February 3, coffee futures sank further amid weak foreign exchange and expectations of weaker Brazilian exports. Active months fell about 5 to 60 points, with May closing at 14.42 and a day low near 14.35. Closing bids stood at 14.14 for March, 14.42 for May, and 14.62 for July. Spot Rio coffee listed at 14.38 to 14.16 cents.
MENTIONED IN THIS ARTICLE
New York
Dry Goods Prices Firm in New York Market
Dry goods in New York were steady today with prices largely firm. Wool openings for fall were scheduled for tomorrow. Silks showed slight easing in raw silk prices while cotton goods and yarns remained quiet and mostly firm.
MENTIONED IN THIS ARTICLE
York
Feb
Brooker Elevates Roles at American Brass Company
Waterbury Feb 8 At the annual meeting of American Brass Charles I Brooker retires as president after 21 years and becomes chairman of the board John A Coe is named president with Clifford F Hollister treasurer John P Elton becomes vice chairman and first vice president Elton formerly treasurer and vice chairman Directors are listed with key officers including Edward L Irisbie executive VP Thomas B Ient Gordon W Burnham and others multiple branch managers named across cities including Ansonia Torrington Waterbury Kenosha Buffalo and more
MENTIONED IN THIS ARTICLE
Waterbury
American Brass
Charles I. Brooker
sTohn P. Elton
Elton
John A. Coe
Clifford F. Hollister
Charles F. Brooker
James S. Dalton
Edward I. Fristin
T. Brownell Burnham
Cleveland H. Dodge
John ®. Wayland
Royall Victor
Alton Farrel
Frederick TL. Braman
James A. Doughty
John
P. Biton
Gordon VW. Burnham
Thomas B. Kent
Arthur G. Jamay
Harris Whittemore
George H. Allen
William A. Convles
Arthur M. Dickinson
Charles Y. Brooker
John P. Elton
Edward L. Irisbie
Thomas B. Ient
Gordon We. Burnham
Major
Benedict and Surnham
G. Alen
Kenosha
Wis
M. Wits
Buffalo
Buffalo N. Y
IF. B. Weaver
Conn
Pinchot Urges Wilson to Appeal in Oil Lands Case
Gifford Pinchot former forestry chief writes to President Wilson protesting Attorney General Palmer decision not to appeal a Los Angeles district court ruling in a suit against the Southern Pacific Railroad to recover 160000 acres of lands valued around 500 million dollars Pinchot says the lands are crucial and warns that the nation could be damaged if action is not taken
MENTIONED IN THIS ARTICLE
Washington
Gifford Pinchot
Forestry Service
Wilson
Palmer
District Court
Los Angeles
Southern Pacific Railroad
Pinchot
Slump in Rates of Exchange Affects Commodity Markets
A february 3 report from New York documents a sensational slump in foreign exchange that unsettled prices across stock and commodity markets, notably foodstuffs and cotton. The decline, amid rumors on foreign trade impact, saw hundreds of millions in sales with British and French bills dominating offerings, and banks differing on whether to purchase or collect. Exchange rates plummeted to new postwar lows in London Paris Rome Antwerp and other centers, while gold outflows to South America signaled ongoing trade favorability and exporters' anxiety.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
London
Paris
Rome
Antwerp
Montreal
Mystery Obstacle To Spiker Knowles Wedding In Mass
In Fall River Massachusetts police visited Miss Emily Knowles and Guy S Spiker amid rumors of an impending marriage. The visit, kept secret, involved Miss Knowles, her baby Alfred Ray Knowles and Spiker with no reason given. Mrs Cora Spiker explains jealousy as initial motive yet forgives. The couple plans marriage before the deportation order deadline while Spiker’s war-affinity history looms.
MENTIONED IN THIS ARTICLE
Fall River
Mass
Knowles
Spiker
Emily Knowles
Guy
Miss Knowles
Conthors
Guy Spiker
William Battersby
Captain Connors
Perley S. Spiker
Baltimore
Alfred Ray Knowles
Holden Street
Mr. Battersby
Cora Spiker
Little Alfred
New York
Capt.Connors
America
Northern Pacific announces new official staff March 1
The Northern Pacific Railway Company unveils its post relinquishment staff led by Howard Eliott as chairman from New York headquarters. E A Gay is named secretary and assistant treasurer while M Willis becomes assistant secretary and assistant treasurer.
MENTIONED IN THIS ARTICLE
New York
Northern Pacific Railway Company
Howard Eliott
E. A. Gay
M. Willis
Collapse of Foreign Exchange Dents Grain Markets
Chicago grain prices moved unsettled as currency turmoil deepened losses in corn and oats. May corn fell to 1.84 1 2, July to 1.81 1 2, oats down about 1 6 8, with provisions plunging. Traders cited export sale attempts and stock statements as drag on sentiment.
MENTIONED IN THIS ARTICLE
Chicago
Gorn
France decorates three Casey executives
The French government has decorated William Pr. Larkin of New York overseas director of the Knights of Columbus and two other Casey executives, chairman Willan J. Mulligan of the war activities committee, according to advices received at KC headquarters today.
MENTIONED IN THIS ARTICLE
Universal Service
New York
William PR. Larkin
Knights of Columbus
Willan J. Mulligan
War Activities Committee
K. C
London bankers confer on need for summoning international meeting
Secrecy cloaks a Downing Street conference with Britain's top bankers labor leaders and politicians. They consider calling an international financial conference to address the crisis, aiming to curb American imports and encourage intra European trade amid a large US Europe balance.
MENTIONED IN THIS ARTICLE
London
Universal
Downing Street
Britain
Austin Chamberlain
Interborough Rapid Transit Faces Audit Over Large Payouts
PAYS HUES NEW YORK Feb 3 The Inter borough Rapid Transit Co seeks higher fares to stave off bankruptcy and disclosed to the board of estimate it has paid over 18 million dollars in bankers expenses since inception including discounts and commissions. It allowed as much as 80 million dollars in bank balances at J P Morgan Co for over a year. Between 1915 and 1936 2 974837 93 was paid as bonuses. The company also paid 500000 to J P Morgan Co to be ready to supply money though no loan was ever made and spent 3 2025481 on fighting a 1916 strike charged to operating expenses.
MENTIONED IN THIS ARTICLE
New York
Interborough Rapid Transit Co
BE. F. Gaynor
Copany
Board of Estimate
J. P. Morgan & Co
Interborough
St Mark’s four bronzes horses return to Venice
In Venice on Feb 3, four bronze horses that decorated St Mark’s cathedral returned after a two year absence spent in Rome to protect them from air raids. The famed statues, five feet tall and among the few remaining ardent chariot quadrigae, have a long history from Nero’s triumphal arch via Constantine to Napoleon.
MENTIONED IN THIS ARTICLE
Venice
St. Mark's Cathedral
Rome
Nero
Constantine
Constantinople
St. Mark’s Cathedral
Napoleon
Paris
Carrousel
Waterloo
St. Mark’‘s
Building and loan sales proceed with permits granted
Building commissioners at their meeting last night approved permits valued at 84525. A two family frame house and garage for Mrs. Sarah Cohen at Clinton and Hazelwood. reinforced concrete factory building for Bridgeport Screw Co. on Central Avenue. frame garage for Louis Szabo on Brewster Street. and a one story dwelling for Horace Bradley on Bandside Street.
MENTIONED IN THIS ARTICLE
Sarah Cohen
Clinton and
Hazelwood Avenue
Central Avenue
Bridgeport Screw Company
Brewster Street
Louis Szabo
Bandside Street
Horace Bradley
Also Mentioned on This Page
Liberty Bond
S. N. EB
Brooker
Amer, Brass
Sub-Treasury
South America
Guy S. Spiker
Northern Pac
Boar
France
CASEY
U. S
Europe
Fluthy
Ameral
United States
Uate
New York Clearing House
Pays
ST. Mark Fiorses
THE
Newfield Bank & Trust Company
Stratford Ave
Newfield Ave
Central Ave
NEW York Store Exchange
Mordaunt & Hemmick
New York Stock Exchange
New York City
T. L. Watson & CO
Man
Bridgeport
Bridgeport Trust Plan
Bridgeport Trust CO
State ST. Saesiss
City Savings Bank
First Bridgeport National Bank
State Streets
Stanwood Rubber Co
Panhandle Producing & Refining Company
Bolster & Company
United Luminating
William R. Bull
Bar
F.T. Staples
James Staples
State ST. Bridgeport
Erty Bond Bonds and Co. Boi
TODAX
Neto
Fe United
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