Market Firmer on Failure of Peace Rumors
New York January 11 The peace rumor failure failed to confirm this morning and the corn market opened firmer as shorts covered yet demand remained light and prices eased after an early rise. Western offers appeared as receipts were seen to rise with cars available while eastern cash markets stayed strong and exporters bought. Provisions and hogs eased as those who bought on peace hopes sold, curbing general trading in a feverish narrow range.
MENTIONED IN THIS ARTICLE
New York
Europe
Stock market slips as industrials lead declines
Reactions near one to four points marked a sluggish trading day in New York stocks. United States Steel fell amid dividend rumors while rails and steel equipment stocks dropped in late trading. Bond prices were mixed with Liberty and government issues showing minor shifts. Total volume was about 480,000 shares. A note issue by American Can was cited as a factor. peace rumors also influenced sentiment. Separately, social notices record a Hartford teachers’ meeting, a Bridgeport family loss, and several local anniversaries and obituaries.
MENTIONED IN THIS ARTICLE
New York
Iau
American Can Company
United States Steel
War Board
Liberty
United States
Newtown Club Holds Stockholders Meeting and War Bureau Posts
The Newtown Country club met with many stockholders as Dr F J Gale served as temporary chair. Officers named to protect the company’s interests for the coming year include W T Vale C H Beek J C Wheeler A T Nettleton and F dg Duncombe. The Newtown War bureau lists officers under State Council of Defense with G Carlson in information and research and A P Smith in publicity.
MENTIONED IN THIS ARTICLE
Newtown
Newtown Country Club
The
Savings Bank
F. J. Gale
F. J. Duncombe
W. T. Vale
C. H. Beek
J. C. Wheeler
A. T. Nettleton
F. Dg. Duncombe
A. P. Smith
W. C. Johnson
Wallace Mitchell
Women's Work Council
First Ecclesiastical Society
Taylor
M. Reynolds
I. C. Morris
John J. Northrop
Arthur J. Smith
May Cassidy
New York City
Martin Troy
Thomas Millar
New York
Frank Wilson
Hattertown
State Council of Defense
Grange Hall
Arthur J. Crowe
Corbett and Crowe
George Hartlay
Whitestone
L. L
A. J. Summers
Helen McConnell
Waterbury
Live Financial News of Day Tersely Noted
New York reports a recovery rally halted at the open by the internal revenue commissioner's challenge to a Supreme Court tax ruling on stock dividends. News from Washington hints at pooling earnings of munition makers, while tobacco and rail stocks move unevenly. American Can declines then recovers on a $12 million serial notes issue. Foreign policy jitters, Russian bonds’ slump, and war finance trends shape a cautious market mood. Bethlehem Steel strains the market with dividend questions and a possible $40 million loan, while Consolidated Gas and Kelly-Springfield post earnings gains. Specialties shares seen as the next swing, with industrial issues offering speculative appeal amid high uncertainty.
MENTIONED IN THIS ARTICLE
T. L. Watson & Co
L & Power
Bridgeport
Conn
Inter Lube
New York Stock Exchange
Mar of America
Bethle
Cana Pac
Cen Lea Co
Fortuna
Cm&st P
Hecla Mining
Cri&p Pf A
Cri&p Pf
Jim Butler
Marsh Mining
Chesa & Ohio AB
Col F & EF
Nixon Nevada
Nipissing Mines
Ray Hercules
Ohio
del Hudson
Rawley Mines
Rochester
Silv & L General Lec
Success Mining $& Goodrich Co
Troy Arizona
Thinois Cen
Witte Caps
Inter Nickel
Gay Inter M AL
Yn Inter Mar of Says
Jenne
Lacka
Louis & N
Tis
Lehigh Valley
Midvale
Missouri Pac
Miami
Nevada
Ley
Nat Enamel
North West
Nor Pac
Sinclair Oil
South Pac
South Ry
Stude Corp'n
Tenn Con
Texas Oil
Union Pac Uni Cig
United Fruit
New York
Bee
Internal Revenue Commissioner
Supreme Court
Washington
Bethlehem Steel
Wall Paper Plant Burns in Newark Fire
Cotton market news from Wilmington reports a major wall paper plant at Jacob Thomas Co. in Newark, Delaware, burned today. The fire destroyed the factory, causing an estimated loss of 250,000 dollars and devastating the industrial site along with its workers. No further details on casualties were provided.
MENTIONED IN THIS ARTICLE
Wall Paper
Wilmington
Del
Jacob Thomas Co
Newark
Revival in business shown yet caution remains
Indications of revived activity appear in certain quarters as the new year opens with improved sentiment and some larger transactions in evidence. However widespread hesitancy persists due to doubts about future changes and wartime demand, while western storms hinder progress and output remains constrained across industries. Weekly bank clearings total 6,360,619,989.
MENTIONED IN THIS ARTICLE
New York
Jaimorrow
To Remedy Discount of Dollar Exchange
Washington reports an arrangement with Argentina to maintain the dollar exchange rate. The dollar also trades at a discount in Chile Brazil and Peru and steps may follow with other neutrals except Scandinavia. China and Japan may see relief efforts. silver payments are favored by China and gold release remains limited.
MENTIONED IN THIS ARTICLE
Washington
Jan.u
Argentina
Chile
Brazil
Peru
China
Japan
Also Mentioned on This Page
Chicago
Watson & Co
Amy Buantle
Hartford
Connecticut
J. MacKenzie
J. Miller
Clara Blackman
Gordon
New Milford
A. Blackman
Hawleyville
Frank Tlarrvis
Southport
W. G. Hard
Terkshire
St Trexe’ey
John Keating
Briggs
Eleanor B. Folger
woRace
Rawson _PicKFMRD
Newtown Club
Dars
Reid- Moore
Eame
Armerican
Stock J Exchange
Swift & Co
Baltimore and Ohio
Baltimore and Ohio Common
Senate Committee On Interstate Commerce
Frank Trumbull
Gore
Colorado Midland
Kansas City
Mexico
Orient
Texas
Missouri
Oklahoma
Gulf
St. Louis
San Francisco
Trinity and
Brazos Valley
Fort Worth
Rio Grande
Kansas
Mexico and
Consolidated Gas
Consolidated Gas Company
Brooklyn Union Gas
Kelly-Springfield
S Kelly-Springfield
T. . Watson & Co
Dhn's
Black Rock
City
Seaside Avenue
Grover Avenue
Manor Club
John P. Keogh
Consolidated Stock Exchange of
N. Y
P. O. Arcade
George
Lewis
People’s Savings Bank
Main Street
Switzerland
Germany
the City National Bank United States Depository
Wall Key
Barnum
T.L. Watson &Co
Bankers Corner
Main and
John Streets
James Staples & Co
State Street
Gonnecticut Rational Bank
Corner
Main & Wall Stre
Connecticut Brass
West Cheshire
Connecticut Brass and Manufacturing Corporation
Earle Baker
Investment Securities
Austin Company
Newfield
Astor House
Broadway
Barclay
TG. D. Stauffer
J. Phillips
K. A. Pritchard
Austin Standard
Industrial Builders
Cleveland
Detroit
Indianapolis
Philadelphia
Pittsburgh
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