Profit Taking Pushes Down Stock Prices on Wall Street
New York July 9 Profit taking reduced market prices after a firm opening as bear selling quickened the decline. Volume topped one and a quarter million shares with many issues drifting lower while some copper and motor stocks hit new yearly highs amid mixed earnings and renewed demand.
MENTIONED IN THIS ARTICLE
New York
Wall Street
United States Steel Common
United States
Dodger Brothers Common
Pierce Arrow Pfd
Mack Trucks
Fisher Body
Goodmen
Ers
Robert Reis
North American Company
Vanadium Steel
Underwood Typewriter
Virginia- Varotina Chemicals Commons International Cement
Western Electric Common
Famous Players
Money rates and loan terms update from New York
In New York money markets see easier conditions with high 2 3 4, low 3 3 4, rul ing rate 3 3 4, closing bid 3 4, offered at 4. Last loan 3 3 4, call loans against acceptances 3 1 2. Time loans firm with mixed collateral 60 80 days 2 3 4 pm 4, 4 86 montha 4 prime commercial paper 3 4 to 4.
MENTIONED IN THIS ARTICLE
New York
Metal market notes firm copper and tin prices
In New York market July copper shows firmness with spot and futures around 44 1 8. Tin stays firm with spot near 58.00 and futures 57.50. Iron remains steady. Lead holds at 9.50 to 5. Zine prices quoted at East St Louis spot and futures around 17 to 20. Antimony around 1 6.
MENTIONED IN THIS ARTICLE
New York
New York Reserve Bank July 1 Statement Summary
New York July 1 report shows total gold reserves 923,178,000 and total reserves 919,367,007. Discounted bills secured by government war obligations 91,624,000 and open market bills 22,149,000. Total earning assets 236,295,099 with uncollected items 161,244,090 and deposits 846,113,000. Federal Reserve notes in circulation 332,978,009. Reserve ratio to deposits and Federal Reserve liabilities listed as 614 percent.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
Buaiera
Golden Center Mines Turnover Rules Curb Market
July 9 AP report notes Golden Center mines led the day’s irregular curb market turnover, opening 42000 shares at 5 1 8, climbing to 6 1 2, then 6 1 8, on about 125 09 million shares traded. Engineers Gold faded after a 25 point surge, Chapin Socks rose to a record 46 1 2 amid strong ice cream sales, while Western Power gained over five points on merger talk with Electric Power and Tight.
MENTIONED IN THIS ARTICLE
New York
Golden Center
British Columbia
Engineers Gold
Chapin
Gillette Safety Razor
Durant Motors
Continental Hakings
Western Power
Electric
Gap and Electric
Southwestern Power and Light
Prairie
Humble
Gulf of Pennsylvania
Greenwich man penalized in English income ruling
Leonard James Martin of Greenwich has been assessed nearly a million pounds under English income laws. The initial 1,900,000 pound assessment was reduced to 908,598 pounds after negotiations while an appeal was dismissed. Martin, a wholesale agricultural merchant, arranged 1920 linen purchases totaling 3,722,685 pounds and has sold much to British firms.
MENTIONED IN THIS ARTICLE
Greenwich
Leonard James Martin
England
Martin
Briish
Wheat prices slide on weak Liverpool quotes and crop report
Chicago July 9 wheat fell broadly as Liverpool weakness and government crop report pressure weighed on futures. September and December contracts eased, corn followed lower, and provisions varied. Traders feared the official forecast and delayed buying. Export activity remained light as figures from Washington loomed.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
United States
Canada
Washington
Empire Hardware Store Files for Voluntary Bankruptcy
The Empire Hardware Store Inc. at 1358 Main Street filed a voluntary bankruptcy petition in U S court after a directors vote. President Morris H. Dodd stated funds are insufficient to pay the filing fee. liabilities total 7287.79, mostly unsecured, assets 2955 in stock. Local creditors listed include American Hardware Stores 4097, Bridgeport Paper 2425, and others. first meeting of creditors set for July 21.
MENTIONED IN THIS ARTICLE
Empire Hardware Store, Inc
Mainstreet
United States
Morris H. Dodd
American Hardware Stores
Bridgeport Paper
A. W. Burritt Co
Conlin Co
Hy Dolid
Hawley Hardware Co
Ginsberg & Port Co
M. Goldman & C O
Kursman Bros
Lipnick ‘Stove Repair Co
N. Kwarm & Co
Smith Comstock Co
Report Indicates Record Breaking Crop of Corn
The July crop report from the Agriculture Department foresees a corn crop near 9.095 billion bushels, the third largest on record, with higher conditions than the year average. Wheat prospects rise, potatoes expected to fall to the smallest since 1919, and fruit forecasts show general weakness outside the Pacific coast.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Texas
Oklahoma
Kansas
United States
Nussi
China
Rei
Pacific
Smaaller
Michigan
Nebraska
Maontana
Wyoming
Colorado
Utah
Idaho
California
Liberty Bond Closing Prices Report
New York July figures list Liberty bonds with varied maturities and prices. Liberty 3 1-23 at 100 24, Liberty 2nd 4a at 100 16, Liberty 1st 4 1-48 at 104 23. Liberty 2nd 4 2-4 at 101, Liberty ard 4 1-4a at 101 20. Liberty 4th 4 ded at 192, Treasury 44 at 103.91, U Ss. Credmury 4 1-49 at 107 26.
MENTIONED IN THIS ARTICLE
New York
U. S
Liberty
U Ss. Credmury
Yesterday's Stock Transactions Report
Yesterday's stock activity shows high, low and last prices, with total volume 1,448,800. Compared to the prior period, totals reveal a softer session against 1,482,000 in volume, indicating subdued trading momentum.
Foreign exchange rates New York July 9
Foreign exchanges irregular with new quotations in cents and fractional bids for major currencies. Rates listed include Britain at about 485 6 8 to 486 1 16, France around 4.68 to 4.69 1 2, Italy about 4.67 1 2, Belgium 4 60 1 2, Germany 23 80, Holland 40 03, Canada Montreal 100, Tokyo 40 7 8, Shanghai 79, Argentina 49 37, Brazil 11 12.
MENTIONED IN THIS ARTICLE
New York
P. Ie
Spd
Studebaker
Symington
Symington Co
Texas
Inland Steel
Inter Ag
United Drug
Intern Corp
United Fruit
Ib Ag
U S
Kan City
UW G Steel
Fars
Bae Bsn
Kayser Co
Kelsey
Kinney Co
Vivau Inc
Lehigh Val
Ward Bala
Weber Hellb
Oy Loew's Inc
Laoa
Arm Co
Dpaz
Au Gulf
Manila
Thas Pony Ou
Wright Aero
Allan Tack
Wrigley Jr
Austin Nichols
Mar St Ry
Sir the Ga Ci
Baldwin Loco
Bangor
May Day St
Dept St_p
Aot
Barna Corp
McCrory
Rites
Beth Steel
Miami
Mtg Co Ly
Bklyn Edison
Bilyn-M
Burns Bros
Hibbs
Cerro de Paseo
NY Central
St le
Bat
NY Dock
West
NY Steam P
Hic
Nor West P
North Amer
North Tae
Gillett Peabody
Ous Eley
Otis Steel
Owens Bottle
Packard
Penick_ Ford BB
Penn
Oo Peoples Gas
Phila Co
Cuba
Philp
Jon del Lac Wi
Detroit
Dodge Bros
Bae
Pierce
Dodge Bros P
Pitts
Erie
Baty
Fleischman
Limp
Reynalds Sp
Rossia Ins
nFr
South
Sea Air One
Gimbel Bros
Sea
Ginter Co
Roek
Glidden Co
Goodrich
Shattuck Co
la Goodyear
Shell
Goodyear
von Simmons
Bie Gulf
Hanna
Porto R
Ann Hart
Hayes
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugoslavia
Austria
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Stability comes to motion picture industry says report
The passage notes a shift in the American theatre and moving picture business toward large, well managed units. It cites about a billion dollars in annual theatre activity, with half a billion from film admission, and highlights consolidation, professional management, and profitability as key trends shaping distributors exhibitors and marketing. Attendance remains resilient at about 65 million weekly admissions.
MENTIONED IN THIS ARTICLE
Motion Picture
Mandeville
Organitsas Fiona
Cotton futures steady as prices end July session
Cotton New York reports quiet trading in middling cotton around 24.90 cents a pound. Futures closed steady with July at 23.56, October 23.83 to 23.88, December around 23.99 to 24.01, January 23.38 to 23.40, March 23.70, May 23.96.
MENTIONED IN THIS ARTICLE
New York
Bond Prices Drift Within Close and Narrow Limits
New York July 3 Bond prices drifted in narrow limits with no market disturbing developments. Ample money at moderate rates boosted activity but did not move prices much. Hopes for a $100,000,000 Australian loan in the U.S. market drew interest, with J. P. Morgan & Co expected to sponsor a five percent issue. Best gains came from Virginia Carrolls chemical bonds amid prospective receivership termination. U.S. government bonds eased as European issues troubled sentiment.
MENTIONED IN THIS ARTICLE
New York
Tifte
J. P. Morgan & Company
Prospecta
Todo
Berlin
Prices Decrease for Beans in Produce Market
The July 1925 report notes green and wax beans in short supply, with wholesale prices about $1.00 per bushel lower than prior reports. Rain reduced picking and receipts, while other nearby vegetables held steady. Potatoes and onions showed strength with higher prices, peaches and cantaloupes remained plentiful, and berries were lighter.
MENTIONED IN THIS ARTICLE
Virginia
Kennery
Iran
New York Produce Prices July 9 New York
Butter and cheese markets ease with salted and unwaited creamery butter higher at 42 1 245 cents, cheese market quiet. milk prices and wholesale rate $2.32 per 60 pounds. potatoes firm with nearby white at 5.60. fruits and poultry mixed with apricots peaches and raisins priced. live poultry steady with assorted fowls ducks and geese quoted. beef and pork markets described as quiet or dull with quoted ranges.
MENTIONED IN THIS ARTICLE
New York
Wisconsin
Americas
Down
Hennery
Pacific Coast
Boston Bank Finds Law Approves Bond Issues
Cty Auditor Walter W Garrity was notified yesterday by the First National Bank of Boston that the money has received an approved legal opinion regarding the 50000 Bridgeport pavement and 128000 Bridgeport garbage disposal plant bond issues which have been sold.
MENTIONED IN THIS ARTICLE
Cty
Walter W. Garrity
Natonal Bank of Boston
Mone
L Gal
Bridgeport
Treasury balance report from Washington dated July 8
United States Treasury balance shown as 230 million 192 thousand 273 for the day with brief accounting note.
MENTIONED IN THIS ARTICLE
Washington, DC
Treasury
Also Mentioned on This Page
Bridgeport Telegram
Metal Market
N. Y. Reserve Bank
Golden Center Mines
British ‘Columbia
State Board of Agriculture
N.Y
Boston Bank
UC. & Treasury
Othey
United Loan Corp
Fairfield Ave. Cor
Bridgeport Hydraulic Company
Querer
Mate Street
Blumbin
J. Wade
Mawley Ave
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