Unfilled Orders for Steel Show Sharp January Decline
New York February 10 AP Unfilled orders of United States Steel on January 33 totalled 4 82 729 tons, down from 160 625 tons in December. The drop marks the first decline since last September, as year end slumps and cautious buying influenced demand. Shipments approached 1 209 000 tons, with incoming business estimated over one million tons, a solid January volume despite softening trends.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Cautous
Rubber New York Market Report Quiet Trade In Early Session
Rubber closed easy with prices showing slight softness. Smoked ribbed sheets traded around 60. March 64 and April 64 futures noted as Funea 64. Market activity remained subdued amid mixed demand signals.
MENTIONED IN THIS ARTICLE
New York
Funea
Railroads and Copper Surge In Bond Market Activity
New York Feb 10 AP buying focus centered on railroad and copper bonds with traction issues fading. Chicago and Albion 31 8 led gains, Delaware and Hudson rose on word ICC will rethink trans Penn line, B and O refunding 6s, Western Pacific 5s and Rio Grande Western 3s noted. Copper bonds gained with Anaconda 7s and Chile 6s at year’s highs as loan prospects and export ties boosted interest. Progress on subway legislation offset some transit lien declines. Italian Credit Institute loan talks buoying bond outlook. new issue planned next week.
MENTIONED IN THIS ARTICLE
New York
Chicago and Alton
Delaware and Hudson
Alao
Interstate Commerce Commission
L. A. Loree
Baltimore and Ohio
Western Pacific
Denver
Anaconda
Chile
New York Railways
Third Avenue
Interborough
Italian Credit Institute of Finance
Italy
Wall Street News Notes from New York Banking and Industry
Frederick Wheeler elected director of National Biscuit in place of John W. Runnels. Pierce-Arrow 1925 net income $1,629,781 after taxes, with $1546 per share on preferred and $2.26 on common after conversion. Autocar recapitalization outlined with new no par and par preferred shares. United States Gypsum posts over $8.4 million net for 1925, steel scrap prices ease. William C. Spraul named Lehigh Valley director replacing Bodine. Consolidated Cigar earns $1,523,162 net. Eastman Kodak declares 75-cent extra dividend plus 1.25 common dividend. General American Tank Car orders reach $10 million for 1926. Mexican Panuco Oil buys Venezuelan concession near Cities Service and Sun Oil fields. J. G. Brittain 1925 net $571,269. General Motors freight movements top $57 million in 1925. S. Kresge declares 30-cent quarterly on new $10 common, 1.76 preferred quarterly. Allis-Chalmers reports 1926 profit $3,417,368, $8.78 per share after preferred dividends.
MENTIONED IN THIS ARTICLE
Pierce-Arrow Motor Car Company
Kresge Company
Allis Chalmers
Immigrants Settle in Industrial States in 1925
Immigrants show a net gain of 85 307 in alien population for five months ending November 1925 with artisans tradesmen and farmers migrating to states with strong industrial and agricultural activity. New York leads with a net 15.84 percent, Michigan second, while states like Massachusetts Illinois Texas California New Jersey and Pennsylvania also post gains. Losses occur in common laborers, and professional groups like engineers teachers electricians clergymen and physicians predominate among professionals.
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Servania
Department of Labor
New York
Michigan
Massachusetts
Tlinois
Texas
Californa
New Jersey
Pennsylvania
Arizona
Arkansas
Delaware
Georgia
Mississippi
Nevada
New Alexico
Okklahoma
South Carolina
Ten
Hesses
West Virgina
Wyoming
Corporations Pay Fourth of Income to Governments
New York Feb 14 United States incorporated business enterprises in 1923 paid federal, state and local taxes totaling 2.672 billion dollars. Mining firms bore the heaviest burden at 93 percent of net income while agricultural corporations paid about 44 percent of total income. Overall after taxes, corporations earned about 91 percent on net investment, with dividends totaling 5.68 percent of investment.
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New York
United States
National Industrial Conference Board
Trak Avenue
Conference Board
Shipping News Arrivals and Departures Listed
Shipping news reports arrivals of ships in New York from Havre Roma Constanza Kobe and other ports with February dates and names such as Paris New York Empress of Scotland President Garfield and Henhy Clay. It also lists departures including Adriatic Volendam Muenchen from Naples Rotterdam and Bremen with February sailing dates.
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New York
Paris
Havre
Roma
Constanza
Garfield
Kobe
Hong Kong
Rotterdam
Funchal
Zealand
Antwerp
Henhy Clay
Copenhagen
Stuttgart
Bremen
Adriatic
Naples
Volendam
Muenchen
Sounder business conditions stated at New York meeting
New York Feb 10 AP. E W Hibley vice president of Bankers Trust says in a National Retail Dry Goods Association meeting that business in the country is on the soundest basis, with ready flow from producer to consumer, balanced inventories, high wages, and heightened alertness. He predicts a new commercial age where manufacturing will lose dominance to retail distribution, citing the textile sector as a key example.
MENTIONED IN THIS ARTICLE
New York
E. W .Hibley
Bankers’ Trust Company
National Retail Dry Goods Association
Metal market update from New York copper tin iron lead zinc antimony
New York metal market report shows electrolytic copper at 148 8 futures around 148 8, tin firm with spot 64.00 and futures 63.00, iron steady, lead at 9.25 spot, zinc quiet with East Tours spot near 7.99 to 7.95 and futures 7.85 to 7.90, antimony spot 12 30.
MENTIONED IN THIS ARTICLE
New York
East Tours
Financial Trade and Action Mixed in Irregular Stock Market
New York ed. 10. Price movements showed uneven activity with gains in rich man stocks and food shares. Heavy volume near 2,000,000 shares. Steel and metal issues led gains while some favorites softened. United States Steel stayed strong despite lower January orders. Market saw mixed commodity and currency moves with some notable earnings reports and sector shifts.
MENTIONED IN THIS ARTICLE
New York
Steel Trade Reviews
Kenny-Springfield
Pierce-Arrow
United States Steel Common
Snore
Plana
American Can
Treavy Liquidation
Ward Banking
California
Postum Ceren
Coca Cola
Cushman's Bakery
Loft Candy
Manhattan Sears
Manhattan
Westinghouse Wectric
Mack
Industela
Anied Chemical
International Match Preferred Tri. Macy and Company
Tnited States Cast Iron Mine
American Bililke Shor
Americat Snuff
Tolrkea
Foundation Company
Natonal isilHers
United States
Alcoj
Ralls
Chicago
Alten
Delaware
Hadson
Itr
Britain Shop Repairs Outlined After Building Collapse
North and Judd Manufacturing Co issues statement detailing the 1903 building collapse on Feb 4 that killed an employee. It cites skylight repairs in 1925 replaced by hollow gypsum boards. denies added concrete since original erection. company sent $500 to police and fire departments for relief funds.
MENTIONED IN THIS ARTICLE
Britain
Frederick MM
Holmes
North and Judd Manufacturing Co
Elect
Liberty Bonds Rates Reported From New York
Liberty bonds quoted in New York on February 10 show prices and yields across several issues. Liberty 3 1 25 100, Liberty 42 at 1060.4, First 4 1 2 102.8, Second 4 1 48 100.25, Third 4 1 43 10213, U S Treasury 46 1042, U S Treasury 4 1 _ds 107.28.
MENTIONED IN THIS ARTICLE
New York
Liberty
Court
Foreign exchange rates steady in New York market
Foreign exchanges in New York show steady quotes with cents figures across currencies. Demand and cable rates listed for Great Britain France Italy Belgium and Germany along with several other nations including Sweden Denmark Switzerland Spain Portugal Greece Poland Czecho Slovak Austria Roumania Argentina Brazil Tokyo Shanghai and Montreal.
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New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czecho-Slovakia
Jugoslavia
Austria
St. Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Cotton futures close steady amid quiet spot market
Spot cotton remained quiet while futures closed very steady with gains of about 18 points. March at 20.34, May around 19.88, July 19.74, October 18.31, December 17.95 to 17.97, reflecting modest support in the market and active nearby contracts.
MENTIONED IN THIS ARTICLE
New York
Sinclair announces gas advance at New York terminals
Sinclair Refining company announces a half cent per gallon rise in railroad tank car gasoline at New York Philadelphia and Atlantic coast terminals. The new price is 12 2-2 cents per gallon as of today.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
Atlantic Coast
Sinclair Refiasing Company
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