Market ignores new collapse in foreign exchange
New York trading opened listless as foreign exchange again tumbled with rates on London and major continental centers plunging to record lows. The decline is tied to Fed credit contraction and effects on American banks selling to European buyers. Steel, equipment, motors, oils lead gains amid broader stock strength while rail and bonds lag. United Cigars boosts tobacco issues as market totals show 700,060 shares traded and Liberty bonds ease.
MENTIONED IN THIS ARTICLE
New York
Fim
London
Federal Reserve Board
United Cigars
U.S
United States ‘Steel
Steel Corporation
Strike Cuts Earnings Of U S Steel Corp
New York January 27 The steel strike heavily reduced United States Steel Corp earnings. For Q4 1919 total earnings were 35 791 302 a drop of 4 385 930 from the prior quarter. Net income stood at 28 040 375 with a surplus of 5 222 888. For the full year 1919 earnings totaled 143 813 219 and net income 98 350 289, compared with 208 291 104 and 158 631 856 in 1918. In 1917 earnings peaked at 295 292 180 with net income 244 788 908.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Market News New York Prices for Butter Eggs Sugar Wheat Corn and Oats
PRODUCTION MARKETS REPORTS butter steady with strong creamery prices and high extras, eggs unsettled with firm gathered extras, raw sugar steady with refined grades, wheats and grains showing quiet or easy spots, oats steady. Includes regional notes on Pennsylvania and nearby western hens. 20 day shipment terms noted.
MENTIONED IN THIS ARTICLE
New York
State
Pennsylvania
Kansas
Liberty bond prices posted in New York
Liberty bonds final prices today include 81-28 at 98.86, 1st 4s at 90.74, 41-49 at 91.06, 4th 41-48 at 91.16, Victory 33-45 at 98.29, and Victory 48-45 at 98.30.
MENTIONED IN THIS ARTICLE
New York
Liberty
Coffee futures rise on covering in New York market
In New York on January 27, coffee futures showed a moderate trading day with steadier prices on covering. The general list closed 13 to 19 points higher, aided by reports of small stocks in Chicago. Prices ranged from January 15.60 to December 15.66 with spot quiet at 16.
MENTIONED IN THIS ARTICLE
New
York
Chicago
Prices for Fannels and Goods in New York Trade
DRY GOODS NEW YORK reports day prices for white and solid color fannels from 1.40 to 1.62 per 120 pounds. Fall dress ginghams purchased freely while print cloths gray goods and brocades were steady. Burlaps steady and wool goods firm. PIERPONT BIGELOW DEAD. NEW HAVEN January 27 report notes Verpont Bigelow treasurer of a steam boiler company died at hi home today.
MENTIONED IN THIS ARTICLE
New York
Pierpont Bigelow
New Haven
Verpont Bigelow
Below Company
Highone
Foreign exchange rates hit new lows in New York
Rates for major European currencies slid further as banks curtail credits for foreign purchases amid Federal Reserve policy aimed at reducing speculative exports. Sterling at 8.55 under par, Paris 1.02 francs per dollar, Belgian francs 12.62, and Italian lire 13.14, all substantial discounts to par values.
MENTIONED IN THIS ARTICLE
New York
Federal Deserve Board
Europe
Paris
Illian
England to Drop Petrol Tax and Raise Vehicle Fees
London reports indicate government may drop the six percent petrol tax and increase motor vehicle taxes. A profiteering committee reportedly backs fixing petrol at nine pence above current levels, with an eight pence per gallon hike feared. The Herald forecasts a global move through the League of Nations to curb petrol exploitation.
MENTIONED IN THIS ARTICLE
London
Got
Herald
League of Nations
Tax blanks ready for incomes of $5,000
Internal revenue officials have received a consignment of income tax blanks for distribution to persons whose incomes are $5,000 or more. The blanks for incomes less than $8,000 have not yet been received. They are expected in a few days. Returns from employers who pay salaries or wages exceeding $1,000 a year must be filed by March 1.
MENTIONED IN THIS ARTICLE
Internal Revenue
Vanderbilt Re-Elected President of Horse Shows Inc
Reginald C. Vanderbilt was re-elected president of the American Horse Shows, Inc. at the annual meeting in New York. Thomas G. Ashton of Philadelphia was named vice president and J. Macey Willets secretary treasurer. No change in the board. The association donated $120,834 to charities last year.
MENTIONED IN THIS ARTICLE
New York
Reginald C. Vanderbilt
American Horse Shows, Inc
Thomas G. Ashton
Philadelphia
J. Macey Willets
United States Steel Declares Quarterly Dividends
Directors at the quarterly meeting declared regular dividends of 11-4 percent on common stock and 13-4 percent on preferred stock. For the quarter ending December 31, 1919, total earnings were 35,791,302 with net income of 23,040,275 and a surplus of 5,222,288.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Argentina exports cereals hit record early 1920 total
Buenos Aires reports exports in the first 24 days of 1920 reaching a record 640000 tons. Wheat accounts for 320000 tons, maize 950000 tons, linseed 60900 tons, and oats 20000 tons, according to the customs house.
MENTIONED IN THIS ARTICLE
Buenos Aires
Argentina
Custom House
Stock Transactions After Hours Trading Snapshot
Yesterday's list shows varied holdings with opening prices and high lows for numerous stocks. Notable entries include American Can, American Car and Foundry, Bethlehem Steel, General Motors, Reading, Union Pacific, US Steel, and Texas Pacific among others with mixed percent changes and substantial volumes.
MENTIONED IN THIS ARTICLE
Chalmers
Ind Lea
Wee
Amer
Sumatra Tob
Amer Tobacco Secur
Thaou Baldwin Locomotive
Baltimore and Ghio
Pennsylvania
Sses Aerisies
Buite and
Superior
Columbia Graph
Continental Candy
General Motors
Con Motor Deben
Goodrich
Inspiration
Eweeee Renee
Oseweserret
Otis Steel
Seeers
Pan Am
Os. Parish
Bingham
Pere Marduetta
Philadelphia
Pierce-Arrow
Pierce Oil
Aseerts
Punta Alegre
Ray Consol Copper
Syecerresserees
Remington Typo Peseeseee Republic
Iran
Sarnsesee Republic
Royal Dutch of
Sloss
Seffield
Southern Pacific
Southern Railway
Studebakers
E.sre
Texas Pacific
Texas Company
Union Ol
S-5
Union Pacific
US Ind Alcohol
Uss Rubber
US Steel
US Steel Pt
Utah Copper
Ouee
BOS
Badges of Merit Sought in Army
Washington Jan 37 Investigation into the award of military decorations in the army during the war will begin next week by a House war investigating committee chaired by Rep Johnson Republican South Dakota. The inquiry aims to decide whether Congress should enact legislation allowing former enlisted men to receive badges of merit for distinguished service. the distinguished service medal is for those in great responsibility and a private cannot qualify. The Distinguished Service Cross would go to those in direct contact with the enemy, while the Congressional Medal of Honor is for extraordinary conduct beyond duty.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Republican
South Dakota
Concresa
Bland
War Department
Eliza Clark Dies at Home in Wayne West Virginia
Mrs. Eliza Clark died at her Wayne West Virginia home on January 27. She reportedly left a large family with four children eighty two grandchildren fifty five great grandchildren and forty great great grandchildren among her survivors.
MENTIONED IN THIS ARTICLE
Wayne
W. Va
Eliza Clark
Postal men in Pacific strike vote approved
About 1500 members of the International Brotherhood of Electrical Workers employed by the Postal Telegraph Cable company on the Pacific coast approved a strike to press for a six dollar daily wage. Vice president Do Grasser said the strike may occur within 24 hours and the vote was taken several weeks ago.
MENTIONED IN THIS ARTICLE
San Francisco
International Brotherhood of Electrical Workers
Postal Telegraph Cable Company
Pacific Coast
Do. Grasser
Austro Czech Agreement Reported By Austrian Leader
Vienna January 27 Dr Renner Austrian chancellor told the national assembly in reply to an interpellation that no written exchanges accompanied the Austro Czech agreement and that a full agreement had been reached with Czech foreign minister Eduard Benes. He denied secret diplomacy and said he had informed the foreign relations committee, noting such matters are not for street discussion.
MENTIONED IN THIS ARTICLE
Vienna
Renner
National Assembly
Eduard Benes
Assembly
Railroads signed contracts for payments under government control
Washington report states 23% of railroads under government control signed compensation contracts on January 1. The agreements cover 717,158,182 dollars of annual rental from a total government payout of 917,000,000. Claims for additional compensation read 92,318,789 with various outcomes: 45,086,276 denied, 45,086,276 partially allowed, and 14,049,01,285 pending.
MENTIONED IN THIS ARTICLE
Washington
Jan
Railroad Administration
Marvin Underwood
Railroad Administertion
Belng ST
Wisdom of Foreign Credits Debate at New York Center
Secretary of Commerce Alexander urges dismantling government shipping subsidies and warns against extending foreign credits. Senator Wadge of New Jersey supports the warning as Alexander notes a 4.018 billion dollar December trade surplus and questions how such foreign commerce is financed. He cites a New York financier as equally puzzled by the financing window.
MENTIONED IN THIS ARTICLE
New York
Alexander
Allied Machinery Center
United States
Wdge
New Jersey
Flo
Income Delinquents in Hartford Tax Office List
Hartford January 27 Tax Commissioner William H. Corbin supplied Attorney General Frank H. Healy with a list of about 200 manufacturing firms in the state that failed to report for last year for the state income tax. The notice signals enforcement action and forthcoming collection steps by state authorities.
MENTIONED IN THIS ARTICLE
Hartford
William HH. Corbin
Frank Wa. Healy
Woman dies of chloroform overdose in Detroit hotel
Mrs Maude Scott Ritchards was found dead in a Detroit hotel room and coroner Parker ruled an overdose of chloroform caused the death. Police had suspected homicide due to a disordered room. an inquest would probably be unnecessary. Ritchards was a traveling representative for a Wisconsin food concern based in Waukesha.
MENTIONED IN THIS ARTICLE
Detrots
Mich
Maude Scott Ritchards
Parker
Fing
Hicharde
Waukesha
Wis
Amnesiac Ex-Flyer Identified After Collapse in Osmoona
A man who collapsed in Osmoona Tan on Tuesday night is believed to have amnesia. He was identified as Hamilton J. Gill of Brooklyn, New York, a former Army avtar, and treated at Cooper Hospital where he could not recall anything. Gill reportedly suffered a fall from an airship in France.
Grain Prices Steady After Early Decline in Chicago
In Chicago today quotes show corn finishing steady near yesterday, with May at 1.85 and July at 1.32. Cat prices were largely unchanged, while provisions moved from a 25 cent drop to a 20 cent gain amid mixed trading.
MENTIONED IN THIS ARTICLE
Chicago
Butler for President Nichol Butler backed by Columbia alumni
A nationwide movement to endorse Nicholas Murray Butler for the presidency was launched by the Columbia Alumni club of northern New York at its annual meeting in Aubany. The effort aims to rally alumni support for Butler’s candidacy nationwide.
MENTIONED IN THIS ARTICLE
Aubany
Columbia University
Nicholas Murray Butler
Columbia Alumni Club of
New York
Cotton market quiet with declines in New York
New York January 27 cotton market was quiet and irregular with May futures trading up from 1004.24 and closing at 9445. The general closing study showed a net decline of five to 22 points. Fort receipts reached 44,020 while United States port stocks stood at 1,489,575.
MENTIONED IN THIS ARTICLE
New York
United States Port Storks
Also Mentioned on This Page
U. S. Steel Corp
England
Vanderbilt
U. S. Steel
Nig’ Nd jJast
West Virginia
232 Systems
Speain
T. Staples
James Staples
United Wominating Rights
William R. Bull
Sscurtty Lldg
Bar
Charles E.van Riper
Consolidated Stock Exchange
Broad ST
Keystone
C. W. King & Co., Inc
Irvin C. Link
Mer
Nohlo
Butler
Columbia Alumni Club
University Head
Cago
Sidney O. Neff
Beig Reaound
Lake Michigan
Moanstoan
Cakout
Moanstan
Pras
Syaya Victory
AVICE
United Bond
P.M
THE
Newfield Bank & Trust Company
Stratford Ave
Newfield Ave
Central Ave
Stanwood Rubber Co
Panhandle Producing & Refining Company
Bolster & Company
Liberty Building
Bridgeport
Tel
Noble
Springfield
Providence
Hartrora
Manchester
Pittsfield
Wall St. N
T. L. Watson & CO
John
First Bridgeport National Bank
City National Bank
G W. Morse & CO
Conn
Boston
Greenfield
New Bedford
Bridgeport Motor Truck Co’s
Bridgeport Motor Truck CO
Bridgeporte
Bridgeport Motor Tuck
Ereceeans
Bridgeport, Conn
F. D. Ford & CO
Teleephone
Stratford
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