Railroads Move Higher as Market Eyes Mergers
Market notes show buying conditions favorable but overall stocks soften amid concerns over mergers and earnings. railroad shares led gains with Wheeling Lake Erie and Pittsburgh and West Virginia hitting new highs while heavy names like Hudson Motor and General Motors declined on mixed earnings and plant-expansion costs.
MENTIONED IN THIS ARTICLE
Western
Gulf
Mobile
Northern
Otheer
Atchison, Chersapeak
Ole
Lehigh
Delaware and Hudson
Lacksawn
Hudson Motor Car Company
Motor General Motors
Mar Trucks
Studebeker
Willys Overland
Fhulton
Jarkaon
Studson Company
Miperior Steel
Burns Brothers
Iaiues
Consolidated Gas Jnst
Colorado Fuel
Douglas Pectin
Orphaum Circuit
Coluumbia
Colter
Grain futures rise on Chicago openness and Britain demand
Wheat leads gains as APY with Liverpool quotes spark an early rally. Unfavorable southwest weather and stronger British grain demand push grains higher. May wheat around 40.75, July wheat up, corn and oats firmer with varied shifts through the session.
MENTIONED IN THIS ARTICLE
Chicago
Jan
APY
Liverpool
Great Britain
Shipping News Mix of Vague Entries from New York Ports
Shipping items list multiple vessels with scattered origins and January dates including Armved Deveshe New York and London Lycams New York, with ambiguous route notes and several misspelled port terms. The fragmentary notice offers no clear departures or arrivals beyond January datings.
MENTIONED IN THIS ARTICLE
Armved
Deveshe
New York
Hamburs
Money Wisdom From Asking Questions in Investments
New York report extols questioning before buying any asset including real estate stocks and bonds. It warns salesmen push persuasive talk while buyers should verify titles, conditions, taxes, and finances with their own inquiries and, if needed, a lawyer, to avoid losses.
MENTIONED IN THIS ARTICLE
Ge F
Esman
Ugk
Nck
Tax Credit Limits Under Revenue Act of 1926
Under the revenue act of 1926 the maximum earned income credit ranges from 10 000 to 2 000 dollars for a 25 percent credit. Tax on net income above 5 000 must be paid from wages salaries and other compensation for personal service. Surtax rules for incomes over 10 000 apply for the first time under the 1929 act. Net income 320 000 shows a married man with personal exemption 5 590 and other deductions 10 000.
Bear Raid Hits Estey Welte In Curb Trading
New York January 24 AP A bear raid unsettled curb market with Estey Welte A stock plunging from 48 6 8 to 22 then rallying to 27 off 15 8. B stock fell from 18 to 9 amid lack of explanation from sponsors about piano maker’s business strength. Several other stocks slid a point or two while some like United Tobacco hit new lows before recovering. Oil shares quieted though undertone remained steady and South American issues eased slightly.
MENTIONED IN THIS ARTICLE
New York
Land Company of Flovida
Freed-Iriscman Ha- Qo
Glen Alden Coal
Johnns-Manville
New
Marmon Motor
Rand Kardox
Swift and Company
Victor Talking Machine
Union
United Tobacco
Standard 611
Standard of Indian
Imperial of Canada
Cotton Ginnings Largely Increased in 1926
Washington January 24 AP Cotton of the 1926 crop ginned before January 16 totaled 16 609 517 running bales with 611 052 round bases, up from last year and 1925 totals. The Agriculture Department’s December 1 condition estimate put production at 18 618 ten bales, largest crop ever. Ginnings by state listed with figures for Alabama to Texas and others. final government ginning report due March 21.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau
Department of Agriculture
Alabama
Arkansas
California
Flor
Georgia
Missouri
New Mexico
North Carolina
Tennessee
Virginia
States
Tax Sur-tax Rates and Filing Rules in Brief
The outline explains the 1924 income tax structure with a maximum surtax of 29 percent on net income over 109600 and a 49 percent top rate over 8000, detailing who must file, the March 15 deadline, and the normal tax brackets 1.5 percent on the first 4000 after exemptions, 3 percent on the next 1000, 5 percent on the balance, plus surcharges on income over 910000.
MENTIONED IN THIS ARTICLE
Wito
Witere
Conlerter
Internal Revenue
Exaggerated Reports of Gold Cargos Boost French Bonds
French bond prices rose on a rush of buying tied to exaggerated gold shipment rumors. Gains spread across government, municipal, and corporate issues with notable strength in Paris Lyon Med areas and Belgian and Italian issues mixed. Utilities and rail bonds also edged higher as railway equities steadied amid profit-taking. An upcoming South Carolina Power mortgage issue and a Los Angeles Gas and Electric offering were announced.
MENTIONED IN THIS ARTICLE
U. S
New York
Paris
France
Lyons
Mediterranean
South Carolina, Power Company
Los Angeles Gas and Electric Corporation
Foreign exchange rates in New York on January twenty fourth
Foreign exchanges were easy in New York with quotations in cents for currencies including Great Britain at 484 7 3, 485 5 16 cables, France around 3.96, Italy 4.29, Belgium 13.8, Germany 23.703, Holland 439.94, Norway 25.52, Sweden 26.48, Denmark 26.65, Switzerland 19.28 1 2, Spain 16.38, Greece 1.30 1 2, Poland 11.7, Czechoslovakia 2.96, Austria 14.12 1 2, Roumania 62 3 4, Argentina 41.25, Brazil 11.73, Tokyo 48.75, Shanghai 63.37, Montreal 99.84 3 8, Port…
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Orway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Duke Slavia
Austria
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Port
Metal prices drift as copper and zinc show weakness
New York copper and zinc futures ease while tin and antimony hold. copper spot at 13.37, tin around 65.50 with March 65.00, iron steady with No 2 fob prices 21.50 to 22.00 in eastern Pennsylvania, Buffalo No 2 at 18 to 19, Alabama No 3 at 18, lead at 7.50 spot, zinc East St. Louis futures 6.45.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Buffalo
Alabama
Money New York Report On Call Money Rates
Money market recap from New York shows call money steady at 4 with closing bid 4. Time loans mirror steady tones with 0 to 90 days at 4 1 2 and 4 to 8 months at 4 1 3. Prime mercantile paper rated at 4 1 4.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Also Mentioned on This Page
Industrias
Superior Steel Compan
Ascent
Southern Pacific Amt
Rand
Southern
Yuleads
Wesros
Wheeling
Lake Erie
Wheeling At Lake Erie
Wall Street
Pitt
Mmeh
West Virginia
West
Ren Meerland
Shipping News
Americas
London
York
Standard Oil Co. of
Bemphill, Noyes & Co
Noble
New England Equity Corp
Suvtr
Harland Wallen
Learing Bovine Etatenote
Federal Renerve Bank
EL Pow
New York Stock Exchange
Klee
EL Low Lt P Ae
Groheur
Otta Ahvator
Stor Bot Xie Buu Ouuh Steel
Abraham Straus
Wyts Ur
Joluavn Ag
Ait Py Hong Om
Otte Steel Pil Gy
Ade Itumely
Eng
Jay
Nea Oy Son
Rowe Erle
Owena Hottie
Owens Bottle
Merle
Alaska Jun
Bel Motor
van Am West
Amerada Corp
Nat Sturen
Pratek
Dirk
Penn
Flelsehnman Co
Fenn
Freeport
Texas
A. Aw
Peoples
Saud Pearla Torn
Amy Rat
Adi
Cuiele
Phila
Bom
Ieee Syn
Vow
Nan Gondrich
Pierre Arrow
Aw Stern Corp
Ade Rey
Enn Geode
Abo Am
Laco
Tisa
Nan Pullman Co
Anant Kaen Dsi
Tam Gulf Mobile North
Soo
Gulf States
ITM
Vavana
Thallrond Securities
Siklov
Horlson
Ashe AG
Hupp
Anterhor
Sualy
Arch
Intereau Tewiher
Armour
Armour Cola
Hayat
Inter Agri Corp
Arnold Coast Corp
ALY
Atety
Louis
Int Harvester Co
St Louis
Anon
Bay
Lake
Ahlo
Bangol Aroostoc
Jono Aroa
Hylan
Shuber Theatre Co
BK BR
Tanner Armyp
Jordan Motor
Shumona
Tinrnadal Corp A Bi
Kan City Low
LOTIZ
Rayuk
Simms Petroleum
Sore Appak
THO Hethiehem Steel
Kennecott
Fon Keth Steel
Iron Kresge
Cal Bay
Taclore
Bouthern Dale
Lima
Matt Snel Pitts
Trek
RAY
An Bros A
Mackay
Burns Brow
FW Millinson
Stromberg Cary Bom
Lee Brust
Lee Brust Tenat At A A300 Manntlee 1415 Ars 400 Studebaker
Manhat Sur
Manila
Superior
Bly Geo Butterick Co
Superior Steel
Byer Co
Ry Pri
Calle Packing
Coro
Martin Parry
Central Alley Atvel
Pete
McCrory Stary
al Thomipson Ca
Ag Sentett Leather
Ono
Miami Cop
Midate States
Montana Tower
Borg
Ab Talon
Amy
Mont Ward
Ath
United
Orn Nash Mullins
Mators Amg
Ind al
Biscuit Sry
Rth West
Daley
Clint Rick
S Steel
BAO Vick Chemical i
Coline Aikmai
Vitor
Aels
BTM
BS Vieauden Leer
Carbon Valens
Novites Corp
Aden
Ian
Norfolk West
Wolworth Co
Azan
Warner
Consort BR
GM Convoy
Reniel & Tank
Weston
Sotho Crest Sterl
Wate Motor Co
Wills Tang
Elson
Willy
Owverdant
Detrety Fiellsen
Wilkon
Levon Kaynodla
Putlee
TROY
Dodge
ROD Wright Aeron Agit
Irawink Colth
Rulanes
Tamaole
Estey-Welie
Isoctated Press
Treasury Balance
the Daily Statement
The
U. S. Treasury
Chicago Great Western
Migsomrl Pacific General
Erie General
Sinclair Gil
Public
New York Street Railway
Joana
Bank and Insurance
Bankers Capital
Banke and Trust
Irving Trust Co
Bank of America
V.T C
Bank of Manhattan
Bank of N
Trust Co
Bank
Bank of U. S
V.T.C
Bankers’ Trust_ Co
Bowery Bunt River
Brooklyn ‘Trust
Compan
Union Trust
Nae
National Bank
National City Bank
Rts
New York ‘Trust Co
Seaberra National Bank
Hartford
Insurance Co
North
Lawyera
Lawyers
Uxtra Highte
Bankers Capital Company
Bridgeport
Waterbury National Bank Bldg
Waterbury
Well Street
H. H. Gunver
E. J. Stances
J. A. Kink
A.J. Randall
H. A. McKill Or
Daniel Pyle
Exace Heeoun Joan Kaoch
Alf. Connor
American Bon & Monrance Coy Bo
Madison Avenue
New York City
Charles
Crosby Em
City Savings Bank
Telephone Barnum