Stocks Slump as Bear Drive Drives Prices Lower
New York Feb 10 stocks closed weak after heavy selling with standard issues down three to five points. General Electric and American Woolen dropped about 10 points, while Western Union and steel shares hit new yearly lows. The market faced weak demand despite lower call money and favorable rail news, with rail stocks like Southern Pacific and Union Pacific posting sizable losses amid a broad slide.
MENTIONED IN THIS ARTICLE
Eall
United States
Steel Corporation
General Motors
Steel Common
Southern Pacific
Union Pacific
Texas Wid Pacific
Europe
Commission
Jousas
Old five cent nickel still has some value
Nemy York Feb 10 The five cent piece is now seen as useful beyond a coin for a telephone. At a big low priced merchandise fair prices list wholesale items from cents to 5000 dollars. Items include a snap fastener two yards of fabric two marbles toy accordions a chocolate pastry car whistle rubber bell and more with some jewelry priced from ten cents to one dollar. A ham sandwich still costs exhibitors ten cents.
MENTIONED IN THIS ARTICLE
NEMY
Grain market trends amid rail strike fears at Chicago
Chicago grain markets closed strong as corn rallied due to scant receipts and looming railroad strikes. May at 21.28 1 2, July 21.25 3 4, oats up 4 3 4 cents, with bull sentiment rising late on fears of supply bottlenecks at primary centers. Short selling in oats remained active.
MENTIONED IN THIS ARTICLE
Chicago
Coffee futures in New York trade shows irregularities
In New York coffee markets February 10, activity was moderate with volatility tied to hedge-covering and trade transactions. May rose from 13.97 to 14.05 after an early drop, closing near unchanged to slightly higher. March 13.67 May 14.03 July 14.26 September 14.17 October 14.18 December 14.22. Spot ball and nominal Rio 7s 14 1-4 7.
MENTIONED IN THIS ARTICLE
New York
Dry goods markets show quieter tone in New York
Dry goods markets in New York on February 10 showed a subdued tone with dress goods and men wear in quieter demand. Silk goods buyers are more disposed after a raw material decline, while prices remain fairly steady. Yarns are quieter and transportation conditions continue to hamper trade.
MENTIONED IN THIS ARTICLE
New York
Bank Clearings Report From New York
New York clearing house exchanges totaled 919 016 552 dollars with a balance of 45 487 871 dollars and United States sub treasury credit balance 8 843 federal reserve credit balance 667 932. The year to date figure was 69 835 401 dollars.
MENTIONED IN THIS ARTICLE
Bank Clearings
New York
New York Clearing House
United States
Federal Reserve
Ban on luxury imports no help to exchange
Paris reports that a proposed ban on luxury imports into France from America would have little impact on the exchange rate. Statistics director Tua Chevalier notes France imported 7.81 billion francs from America and exported 564 million francs to the United States in the first eleven months of 1919. Less than half a billion francs are luxuries. Autos are the main potential target. others like sugar and machinery account for large sums.
MENTIONED IN THIS ARTICLE
Paris
Thartan Boro
France
America
United States
Associated Press
Tua Chevalier
Ministry of Commerce
Ministry of
Nitti Says Europe Must Lean On Itself For Aid
Premier Nitti told the Senate before flying to Paris that Europe should not expect more financial help from America. He warned Italy must be ready to stand nearly alone amid the shifting postwar financial scene.
MENTIONED IN THIS ARTICLE
Rome
Nitti
Senate
Paris
Europe
America
Traty
Cotton market sinks as May futures tumble on liquidation
The rotten futures market fell under renewed liquidation and southern pressure with May dropping to 2.03 before trimming losses. Overall, most months closed lower while February rose. exports reached 28,229 bales that day and total shipments climbed to about 4.0 million for the season. Separately, talks advance on selling 50 wooden ships to France, 180000 dead weight tons, via Anderso overseas for the Shipping Board once finances are in place.
MENTIONED IN THIS ARTICLE
NIVW
Liverpool
Sterling
United States
SEPLN
Washington
Anderso Overseas Corporation
Shippin Board
Shipping Board
Sugar futures resume trading in New York
Sugar futures in New York will resume trading after a wartime suspension. The exchange plans to open on February 16 with May deliveries available as the earliest contract.
MENTIONED IN THIS ARTICLE
New York
Congress Debates Gold and Silver Ratio for International Stabilization
Senator Phony warns that foreign exchange has become a sinister international problem and urges reestablishing the gold to silver ratio and creating international bimetal talks in Europe to avoid commercial chaos. Senator Thomas supports international stabilization of values without hurting credit as silver rises since WWI.
MENTIONED IN THIS ARTICLE
Washington
Phony
Democrat
Colorado
Thomas
Endargerins
United States
Banks consider change in call loan system
New York Feb 10 Banks weighing a shift in the call loan arrangement used to back stock market funds. Some favor fixing the rate on the day after market close to avoid early volatility, while others oppose any change from the current system citing potential adverse events. A few banks have extended loans by small fractions over two to three days to adjust the rate.
MENTIONED IN THIS ARTICLE
New York
Narer
Sone Panthenthy Hav
Market News New York Report Feb 16
Easter steady with mixed receipts across dairy and produce. Prices move unevenly for creamery, eggs, loaves, and staples. sugar and grains show steady to firm values. Potatoes, cabbages, wheats, oats, and cottonseed futures quoted with limited shifts and regional variation.
MENTIONED IN THIS ARTICLE
New York
Stale
Pennsylvania
Maine
State
Long Island
Jersey
Middle West
Liberty bonds and steel orders show gains in February
Liberty bonds quotes include 1 878 at 96.80 and Victory issues around 80 and 68. A New York report shows United States Steel January orders at 1,285,441 tons, up 1,020,075 from December. This marks the eighth straight monthly rise in steel demand.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Steamer Morrow Castle Brings Record Cigar Cargo
The Morrow Castle arrived from Havana with cigars and tobacco valued at 2 300 000. Reported as one of the most valuable West Indies cargoes ever brought to New York, the shipment underscores a booming trade in Cuban products.
MENTIONED IN THIS ARTICLE
New York
Morrow Castle
Havana
West Indies
A Transcontinental Flight Era Opens in the West
Historical note recalls the pony express of 1860 linking Missouri to California. It contrasts the eight day mail route with plans for a transcontinental airplane mail service, highlights rider dangers, and notes Buffalo Bill among riders while mentioning Lincoln's 1861 inaugural address delivery as a landmark achievement.
MENTIONED IN THIS ARTICLE
San Bangtsco
Pony Express
St. Louis
San Francigco
Omaha
California
St. Loui
San Francisco
Missouri River
Thousand Mile
Expresa
Wiliam F. Cody
Great Western
Lincoln
Monkey Wrench Will Carry Boy Farther Than Greek Books
Universal Service reports Chicago Feb 10 story about Attie John Pie favoring practical trades and wages over classical studies. Northwestern university in Exenston faces a $72,000 deficit and seeks $1.5 million by March 30 with a $506,000 gift not enough. Alumni group urged to organize as Harvard did to save the university. Farquharson cites a need for $13.25 million. Washington: finance committee favors maintaining current tariff rates, with import supervision by the federal tariff commission.
MENTIONED IN THIS ARTICLE
Universal Service
Chicago
John Pie
Northwestern University
Exenston
William 7. Warqusnarson
Parquaharson Mares
Tie
Flarvard
Farquaharson
Pony Express Message Flies Across 1950 Miles
An address hurried to St. Joseph Missouri, the taking off place of the pony express, wrapped in oil skin and placed in saddle bags. Riders spurred fresh horses every ten miles, covering 1950 miles in 183 hours, averaging just over ten miles per hour, with a final 31 minute dash to San Francisco amid cheers.
MENTIONED IN THIS ARTICLE
St. Joseph
Pony Express
San Francisco
South American investment seen as top U S target
At a reception honoring Argentina's delegation to the Pan American financial conference in Junghe on, former secretary McAdoo urged U S investors to fund South America. Ricardo Aldao noted British capital in Argentina nears half a billion pounds. he urged American firms to invest. He cited extensive cable transactions in Argentine commerce and the absence of reliance on Argentine courts.
MENTIONED IN THIS ARTICLE
South America
AW Lfam
McAdoo
Tregannsy
Ata Jungheon
Am Argentinne
Tle
Tie
Tobacco Monopoly Lease Rumor Circulates
A Feb 10 report says America contemplates farming the U S tobacco monopoly for 25 years in exchange for a guarantee totaling about 60 billion francs. The potential plan is described as a foreign policy speculation reported by a journal and cited by the Associated Press.
MENTIONED IN THIS ARTICLE
Tarbis
Associated Press
America
Strance
United States
Journal
U S can recover every dollar on ships says U S official
In Washington on February 1 Senate commerce committee heard TJ Skinner head of a Seattle ship building and operating firm urge selling war built ships to private owners at about 200 per ton to cover costs while accepting Liberty Bonds at par to avoid losses. France will control world potash production after Alsace Lorraine cession with beds extending near Altdorf and growth since 1900s.
MENTIONED IN THIS ARTICLE
Asloiington
United States
T Jm Skinner
Seattle
Senate Commerce
France
Alsace- Loraine
Aludlhouse
Germany
Alene
Gotsl Canital
Alsace
Also Mentioned on This Page
Preich
U. S
Bridgeport
Telegram
Victory
Chalmers
Bosch
Katy
Secura
Baldwin Loenme
Ohio
Bethlehem Steel
Butie
Superior
Ugig
Pacific Roan
Central
Heather
Uoad
Cerro da Fasco
An As Pokog
Northwest
Chile
Coluel
Tron
Columbia
General Motor
Goodrich
Great Northern
Marine
Papar
Wennecott Copper
Wwstone Tire
Misweil
Vaaoo Alexican
Bay Gr
VACO
People’s Gas
Marquette
Pierce-Arrow
Ray “Consolidated Copper
Republic
WS Fe
Kloss
Sheffield
Southern ‘Railway
Studebaker
Exss Pacific
Comepany
Union Oil
Ue S Steel Pt
Utah Copper
Genats Finance Committee
Federal Tariff Commission
Ifs
U.S
BriDgeport Gas Light CompAny
T. L. Watson & CO
John
Harbert PF. Seward Certified. Public Accountant
American Institute of Accountants
Milton M. Stone
Email Monde
Barnum
Ommces
New Haven
Sterling Rats
4British Exchange
Comercial
Ett
Stanwood Rubber Co
Panhandle Producing & Refining Company
Bolster & Company
Liberty Building
Budgeport
Springfield
Hartford
Providence
Manchester
New, Haven
Pittsfield
Otice
Wail St N
William R. Bull
Ati
District OF Bridgeport
George Wilkinson
Gordon Tflanigan
Hanover Street
J. T. Staples
T. Staples
James Staples
State ST. Bridgeport
Librty
Pahl
Anc
Vad
Ams Sia Amor
Tyan Siu
United Bond
Main ST
CIEY
THE
Newfield Bank & Trust Company
Stratford Ave
Newfield Ave
Central Ave
Stamford
Massachusetts
Hincks Bros. & CO
NEW York Stock Luxchange
State Street
Bridgeport, Conn
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