Stock Prices Fall On Fed Warning On Loans
New York Jan 6 The market fell after Governor Harding of the Federal Reserve Board urged reductions of unessential loans. Liquidity was orderly but heavy liquidation hit rails, oils, motors and high priced shares while some issues rallied on lower call rates. Total sales amounted to 17.75 million in par value bonds and stocks.
MENTIONED IN THIS ARTICLE
New York
Harding
Federal Reserve Board
Washington
Reserve Board
Frea
Shorts
Endicott-Johnson
Liberty
Curb broker fined for fraud in stock sales
Boston Jan 6 Joan E Allen a curb broker was fined 600 in federal court for using the mails in a scheme to defraud in the sale of Albany Divide Mining stock Judge Morton refused a 300 recommendation and Allen changed to nolo contendere An additional indictment over Hecla Divide Mining stock will be handled later
MENTIONED IN THIS ARTICLE
Boston
Joan E.allen
Albany Divide
Morton
United States
Boynton
Allen
Hecla Divide Mining Co
Latar
Ten Percent Discount on Surplus Army Goods
Washington announces that state, municipal and county institutions may buy surplus war department goods at a ten percent discount. Credit of 90 days is allowed, freight paid delivery, if orders can be filled from a local warehouse or depot zone.
MENTIONED IN THIS ARTICLE
Washington, Jan
War Department
Qvill
General Motors to Increase Capital Stock
In Wilmington Delaware on January 8 stockholders at a special meeting ratified a directors resolution authorizing 1,100,000 preferred and debenture shares at 100 dollars each and 60,000,000 common shares of nominal par value.
MENTIONED IN THIS ARTICLE
Widmington
Del
Geenral Motors Corporation
Landers Frary Clark Stock Vote Increases Capital
Landers Frary Clark stockholders meet in New Britain on January 6 and vote to raise the capital stock from five million to six million dollars. Company voting officials announce the increase as a major expansion move.
MENTIONED IN THIS ARTICLE
Landers, Frary & Clark
NEW Brittain
Coffee futures rise on renewed buying amid Rio firmness
The New York market opened higher by five to 17 points and traded about 20 to 26 points up in early dealings. May closed at 4.16.45 with a five to 13 point gain for generalists. January 15.91, March 16.31, May 16.45, July 16.61, September 16.58, October 16.86, December 16.06. Spot quiet, Rio 16 to 1-4.
MENTIONED IN THIS ARTICLE
New York
Rio
Allis Chalmers
Mosch Mag
Car & Fay
Udoy Am Cot Oil Co
A Hide &Lord
Int Corp
Ship & C
Tel & Tele
Sm. & R.co
Gulf & WI
Bute Cop & Zinc
Pacifia
Ea Calif Pet Aes
Con. Leath. Co
Cerro de Pasco
Chi Rkis & Pac
Chi Ri& P
Chile Copper
Woo
Col. Graph
Ches & Ohio
del. Hudson
Enat & John
Brie Va
Erle Ist
Fiske Rubber
WL & W
General Cigars
General Elec
General Motors
Goodrich Co
Gt. North
Inter
Harvester
In. Mer. M
Kansas City Sci
Keystone Tire
I Kennve
Lacka, Steel Oe
Lehigh Valley
Maxwell Motors
Max. Mo.ist Pfd
Pet
Midvale Steel
Missouri Pac
Miami Copper
Nevada
Norfolk & Wes
Northern Pac. v
N.Y. Air Brake
N.Y. Central
N.Y
NUL, &H
Ont & W
Ohio Cities Gas
Okla Prod
Sloss S. & I
Union Pacific
United Ret
United Fruit
U. S. Smelter
Utah Copper Wabash
Grain Market Strength in Chicago After Storms
Chicago grain traders reported firmer corn prices as stormy weather and unexpectedly small receipts supported the market. May futures rose to 1.385 and July to 1.447.
MENTIONED IN THIS ARTICLE
Chicago
New York Market Summary Mostly Steady Prices
New York reports mixed price moves across grains and dairy with spot wheat and corn firmer while No. 2 red wheat steady near 2.65 per bushel and corn at about 1.67. Butter and eggs show uneven activity with creamery and packing stock levels noted and sugar futures steady for new crop with granulated around 15.20 to 16.00 per hundredweight.
MENTIONED IN THIS ARTICLE
New York
Kansas
Pennsylvania
Federal Reserve Warns Banks to Be Cautious
Governor Harding of the Federal Reserve Board warned bankers against bidding for deposits and urged restraint on deposit rates. He predicted a possible rise in the rediscount rate at New York but said the board would adjust rates as needed. A Chicago conference was set for January 28 to seek a mutual, conservative basis for interest on balances.
MENTIONED IN THIS ARTICLE
Washington, Jan
Harding
Federal Reserve Board
Federal Reserve Banks
Federal Reserve Bank of New York
New York
Chicago
Cotton Market Breaks On Nervousness And Weakness
In New York on January 6 cotton fell over a cent per pound due to renewed nerves over raw prospects and larger than expected selling, with a final zone barely steady and a net loss of 70 to 90 points. Port receipts totaled 46,222 and United States port stocks stood at 1,525,116.
MENTIONED IN THIS ARTICLE
New York
United States
Ludendorff predicts disaster for Europe in interview
General Ludendorff warns that Europe faces a terrible catastrophe due to Allied policy. He refuses to discuss Germany's internal Versailles treaty situation, blaming Entente short sightedness for future financial ruin and upheaval.
MENTIONED IN THIS ARTICLE
Parls
Europe
Ludendorff
Germany
Thentente
Panic in Odessa as Bolshevik army nears
London Jan reports panic among Odessa bourgeoisie as Bolshevik forces approach. Widespread flight to Constantinople noted with steep prices for steamer passages.
MENTIONED IN THIS ARTICLE
Panhg
Odessa
London
Dry goods market rises in New York on Jan six
Cotton goods marked firmer with price gains for print cloths and sheetings. Yarns and burlaps advanced and raw bilk price higher. Demand broader and more active than the last week of the year.
MENTIONED IN THIS ARTICLE
New York
Liberty bonds final prices reported for New York trading
Jan 6 quotes show end of day prices for Liberty bonds including Three 1 28 First 4s Second 4a First 41 4 1 da Second 1 d s TM Third 4 1 4 Fourth 4 bas Victory 3 de 49. 14 Victory 4 13 da gud.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Albany Divide Mining
General Motors CO
GRAIN
Federal Reserve
Charles E.van Riper
Consolidated Stock Exchange
Broad ST
Brew York
Iludendorff
Femeente
Cites
BP-6
Stanwood Rubber Co
Ind
Cato Assums
BP-7
Bolster & Company
Liberty Street
Bridgeport
Tel Noble
Springfield
Idartford
New Manchester
New Haven
Pittsfield
Moscow
Constantinople
Uary
the Commercial Bank
MAIN
Congress Street
Bridgeport, Conn
Reid
Industrials Motors
McCall & Riley Company
American Bank and Trust Co
the American Bank
East Main
Street
Phe
East Side Bank
Barnum Avenue
the Locomobile Company
William R. Bull
T. L. Watson & CO
John
Gratia
Mazaly
Seak
the Babson Statistical Organization
Wallesie Hille
Mass
Bates
Rae Babson
Babson ‘Statistical ‘Organization
Wellesley’ ‘Hills
Keller,, Manning and Co., Inc
Bring Brort
Eries Service
Ation
Bankers Shares
Bankers
Cbn
Bankers Share
Salt's Textile Mfg
American Chain Company
American Fabrics Company
Abercrombie & Fitch Company
Brighton Mills
Hincks Bros. & CO
NEW York Stock Exchange
State Street
the People’s Home
William F. Sheehan
Harry A. Barnes
Vica-Pras
Mortgage Corporation
Mackay
Jonathan Grout
Gounsal
Main St
Barnum
Liberty ‘Bonds
Pb, L. Holzer
VT. Staples
James Staples
STATE
Yale
Commercial Bank and Trust CO
CLUB
Nata Eatlsy
THE
E. Main St
Barnum Ave
Connecticut
LIB Thrift
Hart Pat
ERTY
Victory” Bonds
Bieg
Filaht
TED Bond CO
City Daily
Newfield Bank: & Trust Company
Stratford Ave
Newfield Ave
Central Ave
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