Bears and insiders steady as markets slip under war clouds
New York trading on January 16 shows continued selling pressure led by fears over Germany reparations and looming war risks. Insiders supplied support at lower levels while declines appeared in motors, oils, rails, and many blue chips. Notable movers included California petroleum and Studebaker, with several major names off 1 to 4 points as figures hovered amid a cautious cash market and tight money rates.
MENTIONED IN THIS ARTICLE
New York
Germany
California Petroleum
Kresge
Montana Power
Mid-West
Pennsylvania
Bethlehem B
American Can
Allied Chemical
Coca Cola
Houston
Cosden
Mack Truck
Republic Steel
Postim Cereal
Stromberg Cariburetor
LS. Steel
Anacendy
Chile Coppers
Anaconda
Chile
France
Canadian Pacific
Chesapeake & Ohio
Lackawanna
New Orleans
Texas & Mexico
St. Louis-South Western
Wall Money
Timia
Foreign exchange moves on German marks and other currencies
New York foreign exchange notes show German marks slipping to 16,666 to the dollar from 7,2100 yesterday and recovering late. French francs rise to 6.84, Polish marks hit new lows, Calcutta rate stays at 31.60 cents, with various sight and term rates listed for multiple European currencies and cities.
MENTIONED IN THIS ARTICLE
New York
Stere
Genoa
Vienna
Crown
Stockholm
Christhinia
Copenhagen
Witzerland
Fry
Peseyuy
Borla
Mark
Metal market New York copper steady and mixed quotes
Metal market report from New York shows copper steady with spot near 35.75 and nearby futures around 38.57 to 59.00. Lead and zinc markets quiet or steady with small ranges. antimony at 6.7. Prices hold with Tron and Hast delivery notes in St. Louis region.
MENTIONED IN THIS ARTICLE
New York
Wwe
Pr Oa
Rio
St. Louis
Dr Pons Elected Stratford Director
Stratford Trust company directors authorized four and one half percent retroactive to January 1. Officers report bank savings deposits rose over ten percent in 1922. J Fons of St Louis elected to Stratford Trust board. Everett F B Sniffen retired after long service. American investments in Turkey noted. about $100,000,000 paid in interest by a former missionary.
MENTIONED IN THIS ARTICLE
Banke
St. Louis
J. Fons
Stratford Trust Company
Turkey
Memher
Everett FB. Sniffen
Money News Brief From New York
Money market report from New York shows calls steady to high, rates 4 to 4.5, closing bids around 2.5, loans at 3.5, acceptances 1.5, time deposits steady.
MENTIONED IN THIS ARTICLE
New York
Local Produce Market Report January 16 1923
Market notes show firmer root crops with carrots and cabbages steady, potatoes marginally weaker, oranges and apples steady to firm. Livestock demand up for heavy fowl. butter eggs and storage eggs firm. wholesale price ranges listed for apples celery beets cabbage carrots onions parsnips potatoes and other produce.
MENTIONED IN THIS ARTICLE
Wlderners
Anaconda seeks to acquire Chile Copper amid bond issue
The Anaconda Copper Mining Company plans to issue 100 million dollars in bonds and 50 million dollars in debentures to buy 2.2 million shares of the Chile Copper Company, redeem existing bonds, reimburse treasury costs, and bolster working capital. The plan relies on secured mortgages and pledges of stock in controlled subsidiaries, supported by strong asset values and long history of earnings.
MENTIONED IN THIS ARTICLE
Anaconda Copper Mining Company
First Consolidated Mortgage
American Brass Company
Chile Copper Company
Ana‘conda Copper Mining
Chite. Copper Company
Inspiration Consolidated Copper Company
Also Mentioned on This Page
High Jaw
Allis Chaim
Chen Boi
Car & WW
Tufte Cot O Pf
H&j
Uy Wo Am Wg
Asus
St. Inds _L
Fdys
Atchison
Ohio
Butte
Butte C & Z
Callahan
Oy Ag
Gorn Pr
Colden Waite
Cruc Steel
Davis Clemoda
del & Mud
du Pont
Fast Kodak
Star Bat
Erie
Fiske
Gei
Elec
Lee
Motors Hee
Gen -M
Goodrich
BURT
Tate
Kresge Ak
Lehigh
Mera Marine
Seabold
Moon Motors
Nat Biscuit
Nat Hn & St
Central Se
Pac Gas & RO
Jaro
Pan Am
Phillins
Pierce-Arrow
Pierce-Ar
Wwlsh
Filis & W Vo
Skelly Oi
Ug BR
Fo Hailwayty
Tony Buin
Sian OH
Tn Co Warner
Studebaker
Lia
Amy Submar
C&c
Tidewater
Bash
West Pacific Uta
Willys Od Pf
Metal Market
DR. Pons
Stratford
Ain
Hennery
Conlin
Bridgeport
Elm St
Bridgeport, Conn
Polices
the Mutual Life Insurance Co
N. Y
CHAS
W. Fuller
Dist
Meigs Bidg
H. Worthington
Jie
State St
B. B. Merritt
Main St. Barnum
Nother Financial
United States
National City Bank OF New York
Guaranty Truss Company OF
John D. Ryan
Board of
Cmpany
American Brass’ Company
Oes
New York Stock Exchange
Diterim Recelpta
Brown Brothers & Co
Dillon, Read & Co
Kidder, Peabody & Co
E. H. Rollins & Sons
White, Weld &Co
Hayden, Stone & Co
Redmond & Co
Cassatt & Co
Blyth, Witter & Co
Old Colony Trust Companyroston
Marshall Field, Glore, Ward & Co
Hornblower & Weeks
Kean, Taylor & Co
Edward B. Smith & Co
J. & W. Seligman & Co
First National Bank
Boston
Melton National Bank
the National City Company
the Mechanics & Metal National Bank
Harris, Forbes & Co
Halsey, Stuart & Co., Inc
Hallgarten & Co
Spencer Trask & Co
W. A. Harriman &Co., Inc
Chas, D. Barney & Co
Graham, Parsons & Co
Ames, Emerick & Co
National Shawmut Bank
the Union Trust Company
9Rittsburgh
Continental and Commercial Trust and Savings Bank
Chicago
First Trust & Savings Bank
Citexts
The
Union Trust Companycieveiana
Anglo London Paris Company
San Pranciaco
Bank of Italy
San Francisco
the Northern Trust Co
Cleveland Trust Company
Ceveland Mercantile Securities Co
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