Railroads Bonds Rally as Investor Demand Grows
In a brisk market turn, railroad securities strengthened with high grade bonds leading gains. New York Central rose over a point, Union Pacific gained more than three points, and Baltimore and Ohio plus Atchison and Chicago and Northwestern climbed as investors favored rail issues amid talk of a Frisco-Rock Island system reviving interest in smaller lines.
MENTIONED IN THIS ARTICLE
Chicago
Alton
New York
New York Central
Union Pacific
Baltimore
Ohio
Atchison
the Marine
Reaington Arms
Robbins and Myers
Panamerican Petroleum
Public Services Company
Ulnon
Halsey, Stuart and Company
Pressed Steel Car Merger Approved by Stockholders
Recapitalization combines Pressed Steel Car with its subsidiary Western Steel Car and Foundry, to be renamed Pressed Steel Car Conversion. The plan converts $12,500,600 non cumulative seven percent preferred into new seven percent cumulative preferred at $100 par and converts $12,500,000 common into new common at $100 par. Preferred and common holders may swap for new securities in defined ratios, and convertible bonds may exchange into new common and new preferred at specified par values.
MENTIONED IN THIS ARTICLE
New York
Pressed Steel Car Company
Western Steel Car and Foundry Company
Pressed Steel
Realty Deeds and Transfers Across City Streets
Real estate transactions listed include quit claim deeds from Oscar H F Hofmann to John Hofmann on Ogden street. Morris Plan Bank to Michael Pirrickzky on Poplar street. Libby Kraut to Luciano Scinto on Jane street. several Beechmont Carroll and Pembroke street parcels including a Bridgeport Trust Company trustee transfer. six parcels on Orland Orchard Princeton Streets and laural Boston Maplewood avenues. warranty deeds for Christian Helm et al to Jacob Grosman on Capitol avenue valued at 2,500. Yetta Graves to Jacob Kleinberger on Capitol avenue at 3,000. mortgage deeds from Michael Pirrickzky to Mechanics and Farmers Savings Bank on Poplar street. Carmelo Micalizzi et al to City Savings Bank on Arlington street. Jacob Grosman to Inga Holm on Capitol avenue. plus additional realty transfers listed.
MENTIONED IN THIS ARTICLE
Oscar H. F. Hofmann
John Hofmann
Ogden Street
Morris Plan Bank
Michael Pirriczky
Poplar Street
Libby Kraut
Luciano Scinto
Jane Street
Frederick W. Neupert
Marie Neupert
Beechmont
Carroll Avenues
Erant
Peter Scinto
Pembroke Street
Bridgeport Trust Company
Dorris Wheeler Calhoun
Brooks and Nichols Streets
Hancock and
Laurel Avenues
Helen C. Wordin
Orland
Orchard
Princeton Streets
Laural
Boston
Maplewood Avenues
Christian Helm
Jacob Grosman
Capitol Avenue
Yetta Graves
Jacob Kleinberger
Michael Plriezky
Mechanics and Farmers Savings Bank
Carmelo Micalizzi Et al
City Savings Bank
Arlington Street
Inga Holm
Medical service in industry pays, report asserts
A New York report from the National Industrial Conference board argues industrial medical supervision yields dividends in health and stability, noting $250 million yearly wage losses due to illness and vast indirect costs to industry and the community. It details findings from 600 plants and outlines core functions of industrial medical departments.
MENTIONED IN THIS ARTICLE
New York
National Industrial Conference Board
Park Avenue
United States
Conference Board
New England
Metal market and Simmons Co year results note
Copper prices from spot to futures drifted in the 14 1 4 to 14 3 8 range with tin firm near 64 and 63. Iron and zinc held steady while lead touched 9.15. St Louis market quotes show spot 7 45 a 7.6 percent and futures 7 40 a 7.45. Antimony at 21.75. Simmons Co net income for year ended November 34 1945 rose to 4 179 435 from 2 787 473. Earnings per share after dividends reported at 3 74 versus 2 544 year prior.
MENTIONED IN THIS ARTICLE
New York
St. Louis
Simmons Co
Agasmat
Curb Market Prices Move Amid Confusion and Mixed Signals
New York February 18. Prices in the curb market remain unsettled as trading shows dominance by professionals and a renewed downtrend in value. Liquidation beliefs stem from stricter margin requirements on curb stocks, with baking issues like Continental Baking and General Baking under pressure. Some gains in South American issues faded after early strength, while Trumbull Steel attracted heavy volume on merger talk but closed narrowly higher. Public utilities fluctuated irregularly but trended upward overall with mixed results for Lehigh Valley Corp and Goodyear related stocks.
MENTIONED IN THIS ARTICLE
New York
Continental Baking Band
General Baking al
Foundation
Gillette Safety Razor
Goodyear Tire
Richmond
Power Corporation Af
Lehigh Power
New
Federal Reserve Bank of New York Condition Report
The February 17 close shows total gold reserves of 910.142 million and total reserves of 961.024 million. Government securities 53.749 million, total deposits 894.208 million, Federal Reserve notes in circulation 365.473 million, and reserve ratio 75.5 percent.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
Bulle
U. S
Federal Reserve
Foreign exchange rates in New York markets list major currencies
In New York on February, irregularities in cents show demand bills for Great Britain at 486 7-16 with 60 day bills, France 3.5, Germany 23.80, Switzerland 19.35 1-2, Spain 14.12, Portugal 5.15, Argentina 40.87, Brazil 14.73. Other entries include Holland 46.06, Norway 20, Sweden 26.75, Denmark 26.92, Czecho Slovakia 0.96, Austria 14, Tokyo 468, Shanghai 75, Montreal 99. AP notes banks cables with a quota of 30.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czecho-Slovakia
Sagislavia
Ein
Austria
Argentina
Brazil
Tokyo
Shanghai
Montreal
York
Ats
Harbin
Gion
Allaalan
Bowe Sound Co
Tex
Au the Fair Co
Alby
Tirewater OU
Hupp
Lobreco
Underwood
Saul
Inerborough
Agel Corp
Kor
Dieter Cop
Mare
United Puperdd
Itkoeul
Baio Am
Laconmu
Otydam Metal Co
Stel Corp
Kan
Kan City
Rato Am
Sumatra
Fon Vanadhim
Seelly-Springfield
Tobne Az
Kennecott Copper
Keystown
Am Water Works
Kuppent
Ligg Myers Tabys Ui Ward
Myers
Dan Midle
Ligg Myers
Ward
Armour Co
Ia Son
Vna Lever
Warner Br
Armour Co Tt
Bo Loew
On Bros Co
Bo AB Ld
Aram
Ata
Penn
Antioga
Mary l
Louisiana
Louisy
Nashville i
Nnlavilte Cas
Wee
Union
Tel Ldaig
Ort
Wadinm Steel
Tore OM
Mackay
Mallinaan Co
Pasag
Weston
Atlas
Manhattan
Marneathe
Willys
Baltimore
Marlin Rockwell i
Willyn
Martin Vary
Nothigsun
Maytag
Seaboard Oi
Belge
Middle States
Midland Steel
Brooklyn
Alvin St Touls
Kiyn Talon Gas
Braisn Balke
Montgomers
Moun Motor Car
Byers Co
Munkingwear
Liyers Co
Murray
Nash
Calla Inc
National Sunpty
Rational Ten
Ohio A
Ohio D
Nevada
Chicago
Gt West
Lly
Gao
Central
St P
Chic
Nor West
Rys Poor Pe
Orto Western
Norfolk West
Northern Pac
Chrysler
Gudbeax Boal Oppenhain Collings
Otis Eovator
Colum Gas Eleos
Colum
Owens Botcie
Pacific Oil i . Gu
Pan Am Poluleun
Pan Am Et B . Ber
Panhandle
Contin Motors
Park
Wilford Panhandle
Penick
Ford Ag
Crucible
Pony
Peoples Gas
Abiasi
Lou Pere Marquette
Philadelphia
Phila
Cudahy
Philips
Anny
Cushman’s
Kowd
den Rio Gr
Det Edison
Budo Devon Ray A
Pune Gor
Dodge Brow
Lodge Bros P Rto
Ome Mines
Rado Corpoh
IORI
Republic
Erie
Eureka
Fairbanke
Forse Co
Mio Ins Co
Royal Uuteh NY
Loula
Lod
Fisher Boy
Savage Arme
Welachmann
Foundation
Aid Abarat AB
Fox Film
Ireeport-Texas
Aio
Gabriel Anlibor
Shell
HO Bhell Union
Io General
Auphalt
Simbert Thea
General Cigar
Binmona
General Clear
Panon m Petroleum
Spicer Mtr
Penia
Studebaker
Grain prices and movements at Chicago market
Wheat No 2 hard quoted at 1.72 3-4 to 1.75 cash. Corn No 4 mixed 65 1-23-65 1-4, No 3 yellow 74, oats No 2 white 41 1-4, No 3 white 40 3 4-41. Rye No 4 89, barley 60-71, Timothy seed 6.60-7.55, clover seed 28.00-82.00. Wheat closed unsettled 5-8 to 2 3-8c lower, corn up 2-8 to 5-8c, oats up 3-8-1-2 to 1-2c.
MENTIONED IN THIS ARTICLE
Chicago
Retail food prices decline about one per cent
Retail food prices fell almost one per cent in the month ending January 15, according to the Bureau of Labor Statistics. Wholesale prices for 404 commodities in January were nearly unchanged from December. Since January 15, 1925, retail prices rose about one and a half per cent, with the 67 per cent rise since January 1918 noted.
MENTIONED IN THIS ARTICLE
Washington
Web
Bureau of Labor Statistics
Liberty Bonds Market Update From New York
In New York on Wednesday the Liberty Bond quotations show Liberty 3 1-23 at 100.25 and First 42-41.2.4 at 102.01 with Second 4 1-4a at 100.26 and Third 4 1-48 at 100.31 followed by Fourth 4 1-48 at 202.11 and Treasury 4 1-4g around 107.0.
MENTIONED IN THIS ARTICLE
New York
Web
Liberty
Wee
Rubber market notes from New York exchanges
The New York Cocoa and Rubber Exchange and New York Rubber Exchange show firm activity. Smoked ribbed sheets traded spot at 61.4 with March and May at 68.5 and 68.5 respectively, while futures for April to June and July were quoted around 51.00 to 57.30, reflecting a steady but cautious tone in early trading.
MENTIONED IN THIS ARTICLE
New York
New York Cocoa and Rubber Exchange
New York Rubber Exchange
Livestock numbers fall as U S farm herds shrink
The article notes a steady drop in total livestock on U S farms from 1920 to 1924, with cattle down 7.42 percent and dairy cattle down 17.11 percent while hogs fall 12.6 percent. Causes include cheaper Canadian supply, shifting range conditions, and diet trends away from meat among a more sedentary population.
MENTIONED IN THIS ARTICLE
United States
Canada
Money market snapshot from New York exchange rates
Money New York reports firmer call money with high 5 low 49 4. Ruling rate 4 1 4. Clearing shows 6 offered at 6 1 4. Call loans against acceptances 4. Time loans steady mixed collateral 60 days 46 4 8 4 4 6 months 45 80 4 8 4. Prime mercantile paper 4 1 4.
MENTIONED IN THIS ARTICLE
New York
Just Soan
Prime Mercantile
Cotton futures end mixed amid slight moves across contracts
Spot cotton quiet with mids at 20.63. Futures closed steady with modest gains and losses. March 20.16, May 19.58 to 19.59, July 18.92 to 18.90, October 18.16, December 17.80.
MENTIONED IN THIS ARTICLE
New York
Market drifts as steel firms seen posting higher first quarter gains
New York reports higher operating averages and reduced costs may lift steel firms profits in Q1 1925. United States Steel expected to match last quarter's 42 million earnings despite transport declines. Chesebrough and United Paper Board announce dividends. public utilities firm forms to invest in securities. Market shows mixed moves with several stocks reaching highs before profits concerns and shipping anxieties temper enthusiasm.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Republi Iron and Steel
Bethlehem Steel
General Public Service Corporation
Public
Stone and Webster, Inc. Estabrook and Co
Blodgett and Co
Tucker, Anthony and Co
C. W. Kellogg
Public Service Investment Co
U S Treasury Daily Balance Report
Washington February 17 Financial daily statement shows balance of 320833 dollars with details obscured by the OCR read. Entities include U S Treasury and Washington. The readable figure indicates a balance amount for the day.
MENTIONED IN THIS ARTICLE
Washington
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Polk
Alexandria
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Olympicy
Cherbourg
Braga
Piraeus
Veendam
Kingston
State of Conn
United Loan Corp
Fairfield Ave
Barnum
Workman
Metal Market
Federal Reserve Bank Statement
U S. Livestock Production
Wea Masedarsi
Basren
Esrimatis
General Electric
Wall Street
New York Stock Exchange
Wiliam T. Hendreson
Louis Kaiser
Chesebrough Manufacturing Company
United Paperboard
Florida
International Mercantile Company
P. A. & Franklin
Mathieson
Alkali Works
Devoe
Raynolds
Bears
American Can
Alied Chemical
Lrte
Marine Preferred
Ster
Texas Gulf
Railway Steel Spring
Ee Paper Board
Railway Steel Spark
United Paper Board
American Brake
Barry
Nash Motors
Associated
Tidewater Common
Mart
Shorts
Jordan
Hudson
P. A
Franklin
Symmathy
Adelandc
Gulf and West Indiea
American International Corporation
Pan American Petroleum
Weevee
Fairbanks! Marge
Otis Steel
FF. G. Shattuck
Seaboard
Deem
U. S. Treasury
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