Market swings in oils and bonds drive reactionary trading
Heavy selling in oils and imports spurs stock market parallels as railroad mortgages follow stocks higher while company liens ease. Tax exempt issues rise on proposals to bar new entirely tax exempt issues. Liberty 31-23 climbs to 101.86, new 4 1-4s slip to par. several U S government issues fall slightly. Good municipal bonds stay in demand amid mixed corporate and railroad issues with mixed gains and losses. Total par value sales reach 1,533,000.
MENTIONED IN THIS ARTICLE
New York
House of Representatives
Liberty
U. S
St. Paul
New Haven
Lackawanna Steel
Goodyear Rubber S
Chile Copper
Cerro de Pasco $S
Bethlehem Steel
Brooklyn Rapid Transit
Zavand
Machinery and Tools Auction at J L Lucas and Son
Large stock of new and first class machine tools offered by J L Lucas & Son Inc at 3 Fox St. Includes 16 inch shaper by Tould and Eberhardt complete for 350, 10 inch power grinders, 12 inch lathes with turrets and chucks, and various presses and motors. Also listed are a quiet Hendy Norton miler, race motor, and raccoon fur coat for cash.
Professional interests again dominate trading on stock market
New York January 24 heavy oil stock selling stirred a reactionary tone as rails led gains. Professional interests dominated a busier session with mixed bond performance as tax exempt issues strengthened on a House approval. Railroad shares rose on car loadings, while many oil and chemical issues fell on dividend and oversupply concerns.
MENTIONED IN THIS ARTICLE
New York
California
House of Representatives
Standard Oil Company of California
Standard Oil
New New Jersey
Pacific Oil
Pan American
Pierce OU
Atchison
Baltimore & Ohio
St. Paul Common
Northern Pacific
Norfolk & Western
Southern Pacific
Southern Tr
United Fruit
Kresge
British banker warns on dollar value trend and global markets
London Jan 24 Associated Press Presiding at the London Joint City Midland Bank annual meeting Reginald McKenna former chancellor of the exchequer said central and eastern Europe commerce is collapsing and will hamper Britain's exports. He predicted the dollar depreciation will continue as the US remains the world market for gold and oversupply pushes the dollar lower. He also noted signs that a low mood may be ending and that rising confidence could boost business.
MENTIONED IN THIS ARTICLE
London
Associated Press
Ime
London Joint City & Midland Bank, Ltd
Regsinald McKenna
Central
Europe
Britain
Rogo
United States
McKenna
Rail engineers seek charter for Gotham bank
The Brotherhood of Locomotive Engineers, after buying a large Empire Trust stake, plans to apply within a week for a New York City bank charter owned by the Labor union with branches citywide. President Warren S Stone and director William B Prenter say Empire Trust purchase does not affect plans for cooperative, union owned banks.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Brotherhood of Locomotive Engineers
Empire Trust Company
New “York City
Labor
Metropolis
Brotherhood
Warren S Stone
William B. Prenter
Empire Trust
Aly. Stone
New York City
Cleveland
Metal market wrap from New York a fragment report
METAL MARKET NEW YORK January 24 copper price around 148 4 spot and futures hold. Tin firm at 40.00 spot and near futures around 84.7. Iron steady, prices unchanged. Lead firm near 8.25. Zinc steady around 6.75 6.8 percent delivery West St Louis nearby. Antimony at 7.06.
MENTIONED IN THIS ARTICLE
New York
West St. Louis
Curb Market Mixed Activity In New York Session
Trading was smaller on the curb ex change with irregular moves and mixed price changes. Fortunate Fortuna Consolidated saw a sharp move lower before quick recovery through short covering, while Goldfield issues held steady amid lighter activity. Goodyear, Dubilier Radio, Cuban Dominican Sugar and British American Tobacco showed activity and varied moves, with bonds modestly secure and steady.
MENTIONED IN THIS ARTICLE
New York
Fortuna Consolidated
Durant Mator
Indiana
Goodyear
Dubilier Radio
Union Savings plan eyed to consolidate Bridgeport banks
A local savings bank official backs forming a Union Savings bank to consolidate central depots and establish neighborhood branches. The plan aims to reduce the number of branches, aligning with central districts around State and Main, amid rapid suburban bank growth and a noted drop in Postal Savings deposits from 1923 to early 1924. The discussion cites existing dense central banking, with three distinct district banks and small branches clustered within 500 feet of each other.
MENTIONED IN THIS ARTICLE
Union Savings Bank
Bridgeport
Money market report from New York strikes steady rates
Call money eased to 4 1/2 percent with high 4 1/2 and low 4 1/2. The ruling state loan at 4 1/2 with closing bids at 4 1/2. Last loan 4 1/2. Car loans against acceptances 4.
MENTIONED IN THIS ARTICLE
New York
Wheat Higher on Export Bill News and Norbeck Fund
Chicago Wheat rose on news the Senate Agricultural Committee favorably reported the Norbeck bill to stimulate export of farm products. May wheat around 1.17 1/2, July 1.12 1/8. corn up 5-3 to 11-8. oats up 3-4 to 7-8. provisions up 2 to 17 cents. Market supported by government hog herd data and doubts about European conditions.
MENTIONED IN THIS ARTICLE
Chicago
Senate Agricultural Comittee
Norbeck
Liverpool
Russia
Washington
Seiliriz
Europe
Also Mentioned on This Page
Foot
H. O. Canfield Co
Housatonic Ave
Gotham Bank
Armour & Company of Delaware
Laclede Gas Light Company
St. Louis
Connecticut
Phoenix Silk Mfg. Co., Inc
PRION
American Cotton Fabrics CO
McEldowney & Company
First National Bank
Bridgeport, Conn
Noble
Allied
Chem
Bosc
M. Ie
Coast Tr
Ld Ty Ab
Chile
Gasney Ua
Cosden
du Pont
Kodak
John
Enis
Niel i
Lehigh
Lina Toco
Merured & Co
Madlinson
Marland
Marine
Alex Wah
Ison
Midvale Steel
Ngs
Anny
Nash Motors
Nat Biscuit
North Amer
North Pac
Jay
Okla Pro & R
Orpheum Cir
Soo Gus Steel
Owen
Packard
Pennsylvania
Pitts & W
Tu &&S
Studebaker
Ilia Ar
Texas
Texas Taoukares
Timk Rollarte 'A
Aligil
U S
U S Steel
Metal Market
Postal Savings Bank
LOLA
D.C
Slwinkelman &C
Broad Street
Cuyamel Fruit Company
Round Key
State of
Delaware
Central Union Trust Company of
New York Canal
Commercial Trust and Savings Tank
New Orleans
Banners Trust Company
Whitney Central Trust and Savings Bank
Tae
New Cayamel Fruit Company
Cortes Development Company
Samuel Zemurray
South Dakota
Cuyamel River
Honduras
Nicaragua
Cayamel Fruit Company
Messrs. Price, Waterhouse, & Co
Public Accountants
Cuyamel Krait Company
Ortes Development Company
Cuyamel Wrait Company
New Orleans-Bluefields
Messrs. Sullivan, & Cromwell
Mesyra
Guggenheimer, Untermyer & Marshall
Messrs
Monroe & Lemann
Fox
Lehman Brothers
William $J
N. Y
Goldman, Sachs & CO
E. F. Hutton & CO
Mation Why
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