Germany plans reorganization of Rentenbank bond issue
New York reports preparations to float a 51 million dollar Rentenbank bond after its reorganization into a Farm Loan Bank modeled on U S long banks. William T. McKee of National City Co aids the move as Berlin-bound. securities likely go on sale in New York within weeks. The Rentenbank, created in 1923 for farm mortgage paper marks, wanes with Dawes Plan changes.
MENTIONED IN THIS ARTICLE
New York
United States
Wiliam T. McKee
National City Co
Berlin
Journal of Commerce
Germany
Rentenbank
Dawes Pan
Reichsbank
Schacht
Foreign exchange rates in New York quotes July 9
Irregular quotations for major currencies in New York on July 9 include Great Britain at 465 7 16 demand and 485 1 8 cables, France at 4.75, Germany with multiple demands, Sweden at 26 0, Denmark 22 75, Switzerland 19 42 1 2, Spain 14 48 1 2, Argentina 40 37, Brazil 1 70, Tokyo 4 1 4, Shanghai 7 3 8, Montreal 100 1 8.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Germany
Sweden
Denmark
Switzerland
Spain
Greece
St. Poland
Czechoslovakia
Jugoslavia
Austria
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Metal Market Report Copper Tin Iron Lead Zinc Antimony Prices
METAL MARKET NEW YORK JULY 29 Copper steady electrolytic spot and futures at 144 8. Tin firm spot and nearby 58.50 futures 58.87. Iron steady prices unchanged. Lead firm spot 8.75 up .20 Zinc firm East St Louis spot and futures 7.365. Antimony spot 17.50 at 725.
MENTIONED IN THIS ARTICLE
New York
East St. Louly
Money Markets Report Steady Rates With Mixed Loans
Money market news from New York notes steady money rates with closing bids at 4 and offerings around 4 3 4. Call money remains 4, call loans against acceptances 3 1 2, time loans split 0 to 90 days and 4 to 6 months at 4 1 4. Prime commercial paper sits at 3 3 4, with related financial items on page 19.
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New York
Ag Eeptances
Our New York Office Direct Private Wire Network
Our New York office connects by direct private wire to our own offices and key investment institutions in Albany Detroit Atlanta Jacksonville Augusta Louisville Baltimore Nashville Boston Bridgeport Buffalo Chicago Cincinnati Syracuse Columbus Wilmington. Our comprehensive investment service leverages these connections for investors.
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Detroit
Atlanta
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Augusta
Louisville
Baltimore - Nashville
Boston
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Buffalo
Chicago
Ere
Cincinnati
Syracuse
Columbus
Wilmington
Puzzling Cross Currents Mark Trading in Bonds
New York July 29. Active trading formed an assembly of railroad bonds with mixed results as profits were taken on early gains. June earnings for class one and two railroads were seen as near record highs and a million ton car load milestone boosted diversified bonds. Substantial issues by Frisco Katy and others fell back as new financing drew investor interest into Danish and Tokyo Electric offerings. Interest lingered in Czech Slovakia and Rentenbank loans while public utility mortgages stayed firm despite cautions on certain traction issues.
MENTIONED IN THIS ARTICLE
New York
Frisco
Tokyo Electric Company
Slovakia
Rentenbank
Jo- Cal Traction
West Pennsylvania
Power
Kangag City
Liberty Bonds Market Closing Prices Report
New York July 29 Liberty bonds quoted with key yields across series. Liberty 8 1 28 at 100.24, 4 1-48 at 101.29, Second 4 1-45 100.27, Third 4 1-48 101.16, Fourth 4 1-48 102.4, U S Treasury 4s 102.14 and U S Treasury 4 1-48 106.9.
MENTIONED IN THIS ARTICLE
New York
Treasury Balance Report July 27 figures
United States Treasury balance as of July 27 stands at 57,521,646.79 dollars. The July 29 release from Washington lists this total, reflecting current state of government funds.
MENTIONED IN THIS ARTICLE
Washington, D. C
United States Treasury
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Conn
Treasury
Reasonable Rates Mutual System Co
Bank
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J. Wade
Hawley Ave
Miller Bond
Miller House
Hurt
America
Guaranty & Iier CO
Main St
East 42Nd Street
New York City
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