Sharp Break in Stock Prices Hits New Low Close
New York stocks slid sharply to fresh movement lows with losses of two to 17 points in active issues. Call money at 25 percent and a drop in foreign exchange fueled panic selling as margins tangled. Early declines eased briefly before resuming a downtrend, leaving the market near its lowest close of the day amid broad weakness. Total sales were 1,750,000 shares with notable pressure on high priced motors oils steels and equipment.
MENTIONED IN THIS ARTICLE
New York
Ywall Street
Sterling Exchange
Commission Houses
Shorts
General Motors
Crucible
Steel
Mexican Petroleum
Tobacco Products
United Retail
Ilocks
Canadian Pacific
Shipping board urges public to buy ship securities
Washington Jeb 4 Lead ing backers of the country were invited today by Chairman Payne of the shipping board to serve on committees to interest the investing public in the value of shipping securities. The board faces selling ships valued at 2,000,000,000 and aims to educate people on the merchant marine’s role in commerce and industry.
MENTIONED IN THIS ARTICLE
Washington, Jeb
Payne
The
Shipping Board
Cotton falls sharply in New York market
Liquidation dominated trading as May cotton futures dropped toward 31.50 before rallying to 32.25. The market closed with a net February decline of 50 points and broader losses across positions amid unease over export demand and reports of import stoppages. Domestic stocks rose to 1,427,538 with 15,662 exports bringing season total to 3,828,749.
MENTIONED IN THIS ARTICLE
New York
England
United States
Coffee futures weaken on further foreign exchange drop
The New York coffee market slipped as foreign exchange declines and unsettled finance dampened European buying. Active months fell to 74 to 2 points below yesterday, with May at 13.60 and March and May futures closing around 18.45 and 12.84 respectively, Rio spot at 7s14 1-4.
MENTIONED IN THIS ARTICLE
New York
Grain futures slide as exchange worries roil markets
Chicago deals saw liquidation across grain and provisions amid foreign exchange breaks and tight domestic rates. May corn fell to 1.82% a bushel, July to 1.29% as oats slid 2 to 2.5 cents. price declines reflected export curtailment and rail traffic fears. Separately, Floyd Chanska Cranska, 65, Cranska thread mills owner, died in Florida.
MENTIONED IN THIS ARTICLE
Chicago
Cor
Floyd Chanska Diad
Plovd
Cs Cranska
Cranska
Florida
Grain Car Fleets Reallocated to Move Wheat
Washington February 4 Director General Hines ordered railroads in grain regions to convert box cars to grain transport for a ten day period starting February. The directive covers Illinois Minnesota Montana Missouri Iowa North Dakota South Dakota Nebraska Oklahoma Colorado Wisconsin Kansas Arkansas Texas and New Mexico.
MENTIONED IN THIS ARTICLE
Washington
Middle West
Hines
Grain Transportation Service
Illngis
Minnesota
Montana
Missouri
Iowa
North Dakota
South Dakota
Nebraska
Oklahoma
Colorado
Wisconsin
Kansas
Arkansas
Texas
Nev
Mexico
German tank steamers Hera and Wotan allocated to France
French port Havre reports tank steamers Hera and Wotan assigned to France with crews en route to Scotland to bring them in. In New York Standard Oil claims Hera and Wotan as American property prior to the war, operated by Deutsch Amerikanische Petroleum Gesellschaft. The ships were allocated to the Firth of Forth by the Allied naval armistice commission after Brussels conference recognition.
MENTIONED IN THIS ARTICLE
Havre
France
Scotland
New York
Standard Oil Co
Deutsch Amerikanische Petroleum Gesellescaft
Standard Oil
Allied Naval Armistice Commission
Firth of Forth
Cotton imports halt as exchange boosts English hold on U.S. cotton
The article notes Liverpool sides report cotton imports from Alabama have nearly stopped due to exchange appreciation. High prices hinder financing for manufacturing firms. No shortage seen. about five months of American cotton remains in England.
MENTIONED IN THIS ARTICLE
Liverpool
England
New York Dry Goods Markets Shift as Prices Rise
Dry goods in New York on February 4 show cotton goods cheaper and yarns quiet while men’s wear climbs sharply. Limited stocks of fine fabrics available, with coarser materials more plentiful. Burlaps and silks remain quiet.
MENTIONED IN THIS ARTICLE
New York
Liberty bond closing prices reported from New York
Final prices for Liberty bonds on February 4 in New York include 3 1-2s at 97.10, 4s at 4.80, 4 1-4s at 91 18, 4 1-4s at 90.00 and 92.92, 4th 1-4s at 90.00, Victory 3 8 4s at 97.96, and Victory 4 0-4s at 97.99.
MENTIONED IN THIS ARTICLE
New York
Liberty
Osage oil land leases fetch $3.1 million at Sabena sale
In Pashuska Oklahoma on Osage land 200 tracts totaling about 31 773 acres sold at Sabena auction for 3 104 700. Highest bid reached 222 000 with the lowest 300 per 160 acre tract. A second item notes Gen Dentine the former anti Bolshevik leader arriving at Varna with several officers after a dispatch from Belgrade.
MENTIONED IN THIS ARTICLE
Pashuska
Okla
Dentine
Bulga
Geneva
Denikine
Russia
Varna
Vmonusy
Belgrade
Collapse in Exchange Deepens with New Low Figures
New York February 4. The most serious collapse in foreign exchange history hits as demand sterling drops to 4.49 dollars, 14 cents below yesterday and 81 cents under last week's quote. The pound shows a loss exceeding 33 percent from prewar levels. Remittances from France Belgium and Italy slide to new lows amid discounts of 68 to 77 percent. Gold and silver prices rise in London and New York exchange climbs at Canadian points. Bankers and financiers drift, yet hope government investigations abroad yield quick results. Latest quotes include Sterling 60-day bills 3.19 1 8, demand 2.22 3-4, cables 8.29 12. French demand 14.82, Belgian francs 14.77, Italian lire 18.82.
MENTIONED IN THIS ARTICLE
New York
New Yorkeiing
Belgium
Gok
London
New York Exchange
New York Stock and Commodities Report
Butter firm receipts 6 887. Creamery prices steady to higher, sugars steady, potatoes and cabbages unchanged. Flour prices ease with spring patents at 13 50 to 14 50. Wheat no 2 red 2 65 nominal. Corn No 2 yellow 1 68, oats No 1 white 1 03. Lard Midwest 21 00 21 10. Cottonseed oil weak with March 20 99 May 21 01 July 21 23. Overall market listings reflect firm dairy despite mixed grain readings.
MENTIONED IN THIS ARTICLE
New York
Frese
Pennsylvania
Hennery
State
Doa
Kansas
Middlewest
Realty transfers and mortgages in Quit Claim and Warranty Deeds
Realty records list quit claim deeds from Mary Ison to Samuel Fogel and John W. Kelley to Elizabeth Wordin, with several property transfers on Main Street and Jewett Avenue. Mortgage deeds include Joseph Mullins to American Bank and Trust for 42 feet of Main Street and others on Seaview Terrace, Vincette Street, and Jewett Avenue with sums up to $16,000. attachments and organization notices for Miller and Isacs Company follow.
MENTIONED IN THIS ARTICLE
Mary Ison Drewtowler
Samuel’ Fogel
Madison Avenue
John W. Kelley
Elizabeth B. Wordin
Yale Street
Joseph Simon
Joseph J. Mullins
Main Street
City Savings Bank
Marco Marcus
Adolph B. Reich
Michael Boone
Jewett Avenue
Marcu Marcus
Samuel Fogel
Walter
Rose Sergewski
Olive Street
Joseph J. Mulling
American Bank and Trust Company
Martin Valentine
Lomas and Naettlaton Company
Seaview Terrace
Frederick A. Anton
People’s Savings Bank
Vinceltette Street
Miller and Isacs Company
Herman Isacs
Charles G. Miller
Louis A. Kornblut
Americans in Control of Hawaiian Steamship Co Stock
New York Feb 4 Americans gained complete control of the American Hawaiian Steamship company after American bankers required a large block of stock held by Lord Cowdray and other British interests. The sale shifts full control to American interests.
MENTIONED IN THIS ARTICLE
New York
American~ Hawaiian Steamship Company
Lord Cowdray
Soldier’s plan to bring family to America derailed at Ellis Island
James Henry Egan, a five division veteran, sought to bring his parents two brothers and two sisters to Elmhurst New York. His sister Annie failed medical exams and was ordered deported aboard the Mauretania. The parents chose to accompany her while Egan took two brothers and the remaining sister home. A lawyer planned to seek a writ of habeas corpus as the family hails from Bradford Yorkshire.
MENTIONED IN THIS ARTICLE
New York
James Henry Egan
France
America
Elmhurst
N. Y
Ellis Island
Iis
Annie
Mauretania
A. EB. F
Tagan
Bradford
Yorkshire
Profit Sharing Plan Under Review by Shipping Board
Washington Feb 4 The shipping board will hold a New York meeting with representatives of the board and two operator associations to consider terms of a new profit sharing contract. The plan would pay operators a percentage of net earnings rather than gross freight receipts in effect.
MENTIONED IN THIS ARTICLE
Washington
Shipping Board
Thomas A. Scott
New York
Raip
American Steamship Owners’ Association
United Steamship Operators’ Association
Boston and Maine lifts embargoes on freight traffic
The Boston and Maine railroad announced that with the expected return of striking workers all inbound and outbound freight embargoes have been lifted. The carrier says it is now ready to handle all freight.
MENTIONED IN THIS ARTICLE
Boston
The
Boston and Maine Railroad
Boston & Maine
Hartford Plan Aims Vocational Training For Railroad Workers
Federal state and railroad facilities will cooperate in Connecticut to provide vocational training for New York New Haven and Hartford employees not covered by the railroad. The United States railroad administration, the state board of education, and the state director of vocational education formulate the plan. Over 2,000 railroad workers are expected to benefit with state trade schools in Stamford Bridgeport Danbury Meriden and South Manchester to be used. Student employees would attend schools closest to their residence or place of work and likely range from 14 to 20 years old.
MENTIONED IN THIS ARTICLE
Hartford
Connecticut
New York, New Haven and Hartford
United States Railroad Administration
State
Stamford
Bridgeport
Danbury
Meriden
South Manchester
Government trims London paper money by 20 million pounds
Rostin reports in Boston and Maine receivership filings that petitioning for counsel fees and disbursements totaling 163 940 were filed in federal court. The road had been under temporary receivership of James H Flustis from August 29 1914 to December 1 1919.
MENTIONED IN THIS ARTICLE
London
Evening Standard
Rostin
Boston and Maine
James H. Flustis
Liquor dealer Griffin files bankruptcy petition
New Haven February 4. P 7. Griffin a Waterbury liquor dealer filed in U S court today a bankruptcy petition showing liabilities of 18 727 dollars and assets of 22 450 dollars.
MENTIONED IN THIS ARTICLE
New Haven
Griffin
Waterbury
United States
Also Mentioned on This Page
Hera
Wotan
Thomas
Senate Today
Hia
International Monetary Commission
Realty Records
Allis Chalmers Tefes
Bosch
Amer
Amer Surething
Am Steel
Amer Sumatra
Amer Tel
American Tobacco
Amer Tobar
American Woolen Ag
Gulf
Sable
Baldwin lLocomot
Baltimore
Ohio
Bethlehem Steel B . Tee
Butte
Superior
California
Calif Petroleum
Cerro de Pasco
Chandler Motor
Paul
Chile
Chino Copper
Columbia Gas and
Columbia Graph
Continental Candy
Inspiration
Luter Nichelsea
Inury Mere Marine
Antannac
Gen ‘Motor
Goodrich
Kennecott
Keystone Tire
RBR
Lackawanna Steel
Maxwell Motor
Midvale Steel
Middle States
Mo Kan
Vania Ney
Punta Alegre
Remington
Republic Iron
Royal Dutch of No . Ve
Sloss Sheffield Pees
Bay
Cinelair Cl
Southern Pacific
Southern Railway Oees
Studebaker Can Ae
Texas Pacifices
Texas Company
Tex Co
Aes
Union Oil Setae
Union Pacific Pane
Rand
Sae
US Steel As
Weeswes
U $ Steel Pf
Wea
Utah Copper
Willys-Overland
ALE. F
City National Bank
Mato
Cities Service Company
Bolster & Company
Liberty Building
Tet Noble
Springfield
Providence
Manchester
Pittsfield
Wall St
John P. Keogh Stocks
Consolidated Stock Exchange of New York
P.O. Arcade
W. F. Hammond
T. L. Watson & CO
Corner Main
John Streets
Connecticut National Bank
Member
Federal Reserve System
Wall and Main Streets
Guaranty & Trust CO
Main St
Bridgeport, Conn
United Illuminating Rights
William R. Bull
A. M. Wooster
U. S
Conn
I. T. Staples
R. T. Staples
James Staples
Safe Deposit
State ST. Bridgeport
Aisa
Rey
United Bond
Edward Shaw
Bilton Ma ‘Chine Tool Co
Bridgeport Crucible Co
Washington Ave
Barnum
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