General Electric Drops Despite Radio Monopoly Probe Report
Wall Street saw heavy selling in Pan-American Petroleum and Sinclair as senate probe rumors mounted. American Can touched a new peak while many industrials fell. General Electric closed down about six points amid FTC charges and trade concerns. Rail stocks gained on European demand, with Atchison leading the rails and money markets steady amid improving foreign exchange conditions.
MENTIONED IN THIS ARTICLE
New York
Pan-American Petroleum
Sinclair Companies
Beief
Naval
Senate
Sinclair
American Can
Lana
Railraad
Davison Chemical
Iselin
General Ilectule
Federal Trade Commission
American Woolen
American Car and Foundry
Cayemnel Fruit
American Agricultural Chemileat
Virginia Uarolina Chemical
Tleminzton
U.S. Steel
Kresge
Génerall Haking
Montgomery Ward
Atchison
Commodity Prices and Destruction Report from Tukso
Estimated over 185000 buildings were destroyed in Tukso by the earthquake on September. The note lists price estimates and market impacts alongside the disaster tally.
MENTIONED IN THIS ARTICLE
Tukso
Liberty Bonds Close Updates from New York
Liberty bonds listings show January 28 closing prices with bids and fractions. First 4 1 48 99 8 recounts, Second 4 1 48 19 6, Third and Fourth issues near 99.3 to 100.2, with Treasury 4 3 48 at 1002.
MENTIONED IN THIS ARTICLE
York
Liberty
Treasury
Money Market Rates and Loan Terms Report
Money market figures from New York show funds and banking rates with bid offers, last loan and call loan ranges, acceptance yields, and time loan brackets. Mixed collateral loans extend to 60 99 days and 4 6 months with prime commercial paper at 4 percent.
MENTIONED IN THIS ARTICLE
New York
Aga
Cotton Market Opens Higher on Short Covering
Spot care, ten quiet, and a $3.45 price set the tone as openings show a 3 to 13 point decline from yesterday. Selling pressure pushes the market down 30 to 40 points before South and Wall Street buying pulls it back toward opening levels except October which climbs 20 points. Print cloth and linen markets are steady with limited activity, mostly from second hands, as fair weather suggests continued stable conditions. Quotes from Hirsch Lilienthal Co. of 1115 Main Street accompany the report.
MENTIONED IN THIS ARTICLE
Wall Street
Tomorro
Hirsch
Lilienthal
Main Street
Over Subscribing Reported for Southwestern Bell Bond Issue
The Southwestern Bell Telephone $30 million of 3 percent bonds drew heavy demand with about five times over-subscription and orders at 20 percent on allocations. The strong reception aided other telephone issues and encouraged new financing, while American copper and sugar issues saw profit taking after prior gains. Saint Louis & Southwestern and Erie bonds hit fresh highs as markets showed mixed reactions across sectors.
MENTIONED IN THIS ARTICLE
New York
Southwestson Bell Telephone
Stock Exchange
J Way
Arequiie
Seaboard &S
Frisco Adjustment Co
St. Louis & Southwestern
Consolidated
Erie
Sinela
Consolidated Oil Es
Virginia Carolin Chemical
Southwestern Bell Telephone
Cus & Southwestern
Metal market New York copper and zinc prices report
Copper prices steadied in New York with spot and nearby bids quoted around 45.25 to 48.97 for copper lytic. Iran copper grades steady with No 1 Northern around 95.00 to 400, No 2 Northern 22.50 to 23.00, No 2 Southern 22.00 to 23.00. Lead held at 800 to 837, zinc quotes around 1a.20 in St. Louis and regional spots.
MENTIONED IN THIS ARTICLE
New York
Tatuveg
Iran
Zlncanet
Sas
St. Louis
Ates
Chioerat
Bir & Aely
ALG & WI
Balti & Ohlo
Barnsdall
Chile
Cruc
del Ifudan i
DD & Tia
Gsun East Kodak
Fod Harveste SG
Hayes Ata
Houston
Keystone
Lehigh
Loews
Macy
Maracaibo
Miami
Rn & i
Ou Sor & West
Amer
Ang
Ty Beiningter
Sears
Sir Conthnity
Skelly
Sloss Shelly
Sand South Pa
Warn
Udebaker
Inken Ra Ag
Suggestions for Business Executives on Short Term Investments
Business executives are urged to allocate a portion of net assets to short term investments as a profit basic hedge. These high grade investments are viewed as a prudent method to build up funds while avoiding the greater volatility of long term bonds during periods of temporary business depression.
Supreme Court Dismisses Sugar Exchange Conspiracy Case
The Supreme Court, in an opinion by Chief Justice Taft, dismissed the government’s antitrust suit against the New York Sugar and Coffee Exchange and Clearing Association for alleged restraint of interstate and foreign commerce. The court found no connection between the defendants and any conspiracy and indicated the government could pursue anti trust actions against speculators if desired. The ruling centers on whether the exchange’s practices manipulated sugar prices and whether such actions fall under Sherman Act coverage.
MENTIONED IN THIS ARTICLE
Washington
Dun
New York Sugar
Uotfes Exchange
Supreme Court
Wrief
Taft
Wig
Werners
Gailer
Fedeal
New York Coffee and Sugar Exchange
Bedesal District Court
New York City
Exchange
Change
New York Coffee and Sugar Clearing Association
The
Oasis For Prive
Federal District Cau
Exchanges and Clearing Association
Congress
Chicago Board of Trade
Ain
Real Estate Transfers and Mortgages Listed on Multiple Avenues
Realty records show numerous quitclaim and mortgage deeds across West Side and nearby streets. Transfers include Hermand J. Brady to Philip Ghin ner agul Gisele Kioklestuie on Stratford Avenue and various properties on Savoy and Union Avenues plus Park and Calon avenues.
MENTIONED IN THIS ARTICLE
Cada Debis
West Side Bank
Bernards
Bead
Stetford Avenue
Hermand J. Brady
Philip Ghinner
Agul Gisele Kioklestuie
Stratford Avenue
Slanbeth A. Thupuay
Stephen Sanford
Moston Street
People's Savings
George M. Tlurls
Tdeyd Avenue
Almerven Bank and Prast Company
Laaac Bebine
Calon Avenue
Bertha
Balser
Foreign Exchange Market Notes and Currency Movements
The report details ongoing foreign exchange activity with short covering and strong demand from commercial sources pushing rates to varied levels. It covers the British pound, French franc, Belgian franc, Swiss franc, Italian lira, Scandinavian currencies, and others with daily fluctuations and enterprising bids and asks across major European and international currencies.
MENTIONED IN THIS ARTICLE
Shorts
Belglum
Denmerken
Holland
Also Mentioned on This Page
General Electric
Radio Monopoly
Pan-American Oil
Sinclair Oil
Canadian Pacific
Rio
S. W. Phone CO
Metal Market
Hemphill, Noyes & Co
New York Stock Exchange
John Street
Bridgeport
Barnum
Philadelphia
Boston
Pitts Ibany Battimore
Syracuse
Mr. Loegrove
Mutual Flaiance Investment CO
Main Street City Savings Bank Bldg
Guaranty & Trust Company
First National Bank
Conn
Ming Hea
J. Wade
Hawley Ave
Axel IX
Sandquist
Dosenh N Johnson
Churlane
Isaac Schine
Harry Cohen
Titon Avenue
Continent
Belgnin
Switzerland
Sweden
Norway
Greece
Holland, & Hemand Co
Russia
Austin Mts
Fioria
Poland
Hungary
Iugoslavia
Vents
Cman
Weg
Bridgeport Merchants Credit
Warner Bldg
Continental Gas & Electric Corporation
Barkstave
Continental Gas & Elecric Corporation
Soyte Jouer
Coxinas Lxsox Trust Company of
Newark
Suz Uxion Trust Cosrany
Cleveland
Con
Tigensab & Comeurciac Trust
Savines Baya
Chicago
Tre Comeland
Centra, Trust Co
Inmisuts
Eaton, Esq
Do City
Missouri
Iowa
Brandon
Manitoba
Kansas City
Kansas
Electric Light
Nebraska
Isaac
Kansas City Power Securities Corporation
Kansas City Power & Light Company
Amethie Kane
Iglars
Bng
Rarses City Power Ex Light Company
Anchises
Electric Light and Power
Gity Power & Light Company
Tegal
Wathie Donance
Lily
Mos Lake
Hassel
Vailey
Richard Inv
Gide
Andis
Ruma City
Bue
Bue & Igus Company By Maraiek Mytehell de Co
Shanst
Feat
Dture & Webster
Jommary
Peirce, Fair & Co
Otis & Co
Hincks Bros. & Co
Statistics and Informatium
Abtanen
Noble
New England Equity Corp
Etstet Manke Oosimnisaiena
State Street
Room
Tax Exempt
Connecticut Trust Fund Securities
Main St
Equitable Industrial Loan
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