Bond and Stock Market Recover Indicates Financial Reign of Terror Passed
Bond prices rallied after several days of liquidation with active issues up 1 to 6 1/2 points as stock gains reduced forced selling. Merger hopes buoy Chesapeake and Ohio and Nickel Plate terms, rail bonds like Erie and Nickel Plate rallied, utilities and several rail stocks rebounded, while a port of New York authority financing of 14 million bonds moves to market.
MENTIONED IN THIS ARTICLE
New York
Maron
Financial District
Chesapeake and Silo
Erie
Baltimore
Ohio
Chicago
Illinois
Chicago Great Western
Denver
Rilo Grande
International Great Northern
Missouri-Kansas-Texas
Norfolk Southern
Frisco
Western Maryland
International Telephone
Pacific Telephone
American Ice Convertibles
Port of New York Authority
National City Company
Department of Caldas
Repulic
Colombia
Church
Bavaria
Chicago Men Buy Mid-West Road
Philadelphia report says majority stake in Chicago Aurora and Elgin Railroad holding company sold to Samuel Twewli and associates of Chicago from Thomas Conway Jr and associates of Philadelphia. Several Philadelphia directors resign. Insull and others elected as successors. Conway remains director. Williams and Conant stay as directors. McClura retires as VP GM to head Cincinnati and Dayton Thetric Railway in Dayton.
MENTIONED IN THIS ARTICLE
Philadelphia
Chicago, Aurora and Elgin Corporation
Chicago, Arora and Elgin Railroad Company
Samuel Twewli
Company Fights Plan for Pool in Greenwich District
Hil sound corporation objects to William W Scofield plans for bath houses and a swimming pool in the Meadowbrook area near Sound Beach Greenwich New York City will seek a restraining injunction in interior court today The company says Meadowbrook tract is valued at 50000 and the pool and bath houses would hurt residential desirability It asks the court to prohibit using the property for commercial purposes in line with deed restrictions
MENTIONED IN THIS ARTICLE
Meadowbrook Road
Sound Beach
Greenwich
William W. Scofield
Hil Sound Corporation
New York City
Scofield
Meadowbrook
Mortgage Firms Merge in Italian Credit Association
The Italian Credit association and the North End Mortgage corporation merge to form a single company to be named the Italian Credit association with capital of 208000 dollars. The new firm issues 4000 shares of stock and 8500 common shares with par 56, plus 560 preferred shares with 10 percent guaranteed, led by Antonio Tomassetti as president and Luigi Manzi as secretary, with Frank Frassa as vice president and Harold Manzy assisting.
MENTIONED IN THIS ARTICLE
Italian Credit Association
North Ind Mortgage Corporation
Malin Street
Cormman
North End Mortgage Corporation
Antonio Tomassetti
Frank Frassa
Luigi Manzi Willoommon
Harold Manzy
Standard Oil earnings show decline from prior year
New York March 4 The Standard Oil Company of Indiana reports 1925 earnings of 3.84 a share on outstanding Union stock versus 4.55 last year. Net profits totaled 52,932,548 after depreciation and taxes, not including subsidiary income. Midwestern Refining earnings topped 7,000,000, with inventories at 66,059,704 and total surplus 34,411,016, up from 18,504,118.
MENTIONED IN THIS ARTICLE
New York
Marrch
Standard Ol Company
Indiana
Enabels
Umon
Midwest Refining Comin Pan-Aimerican Eastern
Sin-+ Pipe Line
Smelatr Crude OM
Midw Refining Company
York
Algar
Kadina Cory
Bogzig
Leta Ak
Reading Co
Salt
Ajax
AON OU
Eneral
I Bros
Giddan Co
Republic i
Agel
Reynoldy
Godrich
Reynolda
Gunetrich
Royal Dutch Noy
St Joseph Land
St Laws
West Bug
St Louis Booth Ag Fear
St Loita South
Gulf Mobile Nor
Beagrave Corp
Sears Roebkee
Audson Muth
Shubert Thea Corp
Sigur
Hud-Bhakh Pzy
Simmoua Co
Madsun Motors
Ingersoll
Inland Steel
ATOR
Mere Marine
Stulebaler Corp
KyMington Co
Intertype Corp
Nal
Syming Co
Jewatl Wea
Shy Baig
Metal Co
Kaney’ “Gulf
Rayner Co
the Fair Co
ASM
Keily Spgild
Tis
Archer Dan Midid
Kelly Apring
Third Ave Br
Ae Us
Anni Conat Co
Kennecott
Artloom Corp
Timi Troll Beard
Kimsey Co
Avo Kreags Dept
San Fo
Wil Bay
Uu Ae
Law
United Clg Rtor
Lou Daltt
Louisa
United Drug
Baltimore
Ban Aroo
Ludlum Steel
Barnet
Baensd.Corp
Tao US
Barna Corp Ye
Rayuk
Macy KH Co Hiong
Beth Steed
Tol
Booth Fisheyley
Bteel Corp
Lockwell
Martin Parr
Mid Corp
Leo
Bransw
Woldorz
Miami
Walworth
AM Ward Baking DB
Ward Baking
Patro
Fred P
Warren Bros
Bud Minn
Weber Len
CaluArts Minn Wat
San Loo
Minn
MK Wells
Ming Ian-Tex
Montana
Haidy
Moon
Weston
Gt West
Tom White Motor Co A
Marrar Budy Co
Spen Stretf
Willys Gyerld
Willys
INO Woolworth Co
Chi Nor Wet P
Wright
T Bae
Wrigley
Ory
Oro
Chile
Chrye Corp
Nevada
Aysy
Colum Gas
Connel Cigar
Anny
Amer Ca
Amer P
Consol Ag
Am Titson
Conant Textile
Orpheum
Cuba
Batle “ Arts Ng Myo Bae
Rim
Rial Agat
Frekard
Tin
Paige Vet
Cadahy Packie
Pan Am Petro
Musmen
Ape
Bag
Fan
Imvamel Bealts
Pan Am Wat Ag
Davison
Sineera Coy
Sin Ano Panhandle
Delaware
Park Tylford
Detroit Hoison
Penn
Philadelphia
Mastmann Kaila
Tovea
Ny Lay
Axroo
Petty
Eureka
Tatebanks Mares i
Pitts
Mtsq
Federal Reserve Bank of New York Statement March 8
The statement shows total reserves of 929,217,600 with note and bill reserves of 696,823,000 and 121,791,000 respectively. Open market purchases total 67,263,000 and total bills and securities 290,572,000. Deposits reach 871,960,000 with notes in circulation at 371,283,000 and the reserve ratio 78.0 percent.
MENTIONED IN THIS ARTICLE
Nhw York
Area 4
Federal Reserve Bank of New York
Cote
Bing
Federal Reserve
Wheat Prices Fall as Liverpool Weakness Spreads
Grain trading in Chicago opened with broad selling and declines across wheat, corn, and oats as Liverpool market weakness spurred fear after yesterday's New York stock dip. May wheat fell to 1.56 4-4, July to 1.88 1-2, with corn and oats also sliding before slight recoveries and mixed gains in related markets.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
New York
Orn
Marín G MOUSE Authors Major York Exchange Figure
MARIN G MOUSE reports a large financial exchange in New York. The headline notes Maren Exchines moving significant sums totaling 1.377 billion and 898 million in related transactions. Details on parties or purposes are not provided in the fragment.
Numerous Gains in Curd Market as Prices Rebound
A sharp rebound in the curb market lifted stock prices with net gains of three to 15 points. Strong buying power and reduced short interest aided recoveries in Public Utilities and industrials. Notable moves included American Rayon Products, American Light and Power, Southeast Power, and oil stocks like International Petroleum.
MENTIONED IN THIS ARTICLE
New York
American Rayon Products
American Light and Tracetion
Amerean Gas and Tilectric
American Power and Light
Commonwealth Power
Southeastern Power and Light
Limited Light
and Power
United Gas and Improvement
Brill Corporation A
Foundation Minental
General Baking A. Gillette Safety Razor
Horn and Hardart
Stutz Motors
Vacuum
Humble
International Petroleum agZo Ota
Salt Creek
Standard Oils
Indiana
Kentucky
Wall Street Notes Reorganization and Soviet Cotton Output
Wall Street notes announce NEW YORK March 4 AP General Baking calls for redemption of the Dillman Bookery six percent mortgage bonds due March 1 1836 at 105 with interest payable by Irving Bank-Columbia Trust. Soviet cotton planting may reach 1 954 400 acres up from 1 929 000 in 1925 per Russian information bureau. Cement industry plans show 9 000 009 barrels output for the flocal year ending September 1 with 33 factories active now versus 60 prewar.
MENTIONED IN THIS ARTICLE
New York
AP General Baking Company
Dillman Bookery, Inc
Irving Bank-Columbia Trust Company
Russian Information Bureau
Realty Records of Stratford And Fairfield Avenues
Real estate deeds record transfers on Stratford and Fairfield avenues including Gertrude M Finkelstone to Lyman Silver and Catherine and Julia Troy to M Genevieve and Elizabeth Crehan. Multiple transfers list Park Avenue Lincoln Avenue Pennsylvania Avenue and Adam Street with several lenders and mortgage activity.
MENTIONED IN THIS ARTICLE
Dees
Gertrude M. Finkelstone
Lyman Silver
Stratford Avenue
Matt
Bridgeport Savines
Syman Silver
Matia
Gino Spigarolo
Guorenzo Spigarolo
Park Avenue
Pasquale Menirstro Lorenae
Spigarolo
Menlty
Park and
Lincoln Avenues
HE. M. Coley
Elizabeth Lyon
Laure Avenue
Charles
Catherine
Julia Troy
M. Genevieve
Hilizabeth Crehan
Fairfield Avenue
Hyman Silver
WN. Rudolfi
Credit Assoletation
Pennsylvania Avenue
Peoples Savings Bank
Lorenzo Spigarclo
Henry F. Parrott
Peoples Sayings Bank
Margaret S Canfield
F. Parrott
Charles 8
Ity
Yoseph J. Tichy
Investors Mortgage and Guaranty Company
Adam Street
Metal Market Report From New York and St Louis
Copper steady and electricity futures flat with spot around 68.75 and futures near 50. Tron steady with prices unchanged. Lead easy with spot at 8.7 and antimony quotes varying. weights and places show market uncertainty amid mixed futures.
MENTIONED IN THIS ARTICLE
New York
Rubber New York Market Report Slips Amid Mixed Quotes
The New York rubber market shows uneven movement with March at 4.00, May around 3.40, and April-June near 2.54. Flubber and rubber futures display scattered bids and unsettled demand across several delivery months, reflecting a cautious trading tone.
MENTIONED IN THIS ARTICLE
New York
Cocoa and Rubber Exchange
Farm Products Prices Decline in Markets in January
Wholesale prices show a downward trend in January with most farm product classes easing. The 1913-14 index notes a general 2.6 percent drop from a year earlier, influenced by fuel costs from a coal strike. Grain prices led declines, while building material prices dipped slightly year over year. Wholesale trade remained robust in many cities.
MENTIONED IN THIS ARTICLE
United States Bureau of Labor Statistics
Wsea
U. S
Shipping News From New York March 4 Suppressed
Shipping notices list arrivals and departures with several vessel names and routes. Megantic and Ilavana Mareh arrive from New York for Santiago. Deutschland sails to Tramburg. Southern Vrosy bound for Janeiro More from New York. President Jetteron Manila reported from Tacoma.
MENTIONED IN THIS ARTICLE
New York
Arrivad
Megantic
Ilavana Mareh
Santiago
Bert Adams
Alexandrina Mareh
San Francisco
Marseilles
Deutschland
Tramburg
Westphalia
Thunburg
Southern Vrosy
Janeiro
More’ A
Jetteron
Manila
Tacoma
Liberty Bonds and Stock Market Rally Pause
Liberty bonds quoted with various maturities. New York stocks surged in a broad rally after a week of declines, led by General Electric and American, with notable gains in high priced industrials and rail shares. Commodities fluctuated as wheat fell, cotton and coffee rose, and foreign exchange showed mixed results.
MENTIONED IN THIS ARTICLE
Steeatien “Miorger
Delaware and Hudson
Chesapeake and Ohio
Rock Island
Missouri Pacific
Katy
Gomminn
Irisco
Pittsburgh
West Virginia
Several &Hera
Pere Marouette
Olya
American Steel Foundry Preferred
Lima Locomotive
India
Liggett and Myers
Norfolk and Southern and Simmons Company
Catholic Church Negotiates Wall Street Loan
New York bankers arrange a 5 million dollar long term loan for the Human Catholic church of Bavaria. The 2 year bonds will fund educational institutions and hospitals across Bavaria. This marks the first public borrowing by a religious organization through Wall Street channels.
MENTIONED IN THIS ARTICLE
New York
Catholic Church of
Bavaria
Wall Street
Europe
Vatican
National Bank and Blair and Company
Tug 10 to be renamed John W. Ferrett in his honor
The tug Robert McAllister of Bridgeport Towing Line will return from West Haven to Bridgeport harbor in two weeks after drydock overhaul under the new name John Werrett. Named for Mr. Ferrett founder of the line who died nine years ago after 36 years at the helm and father of current president Robert M. Ferrett. Hull is being rebuilt for the spring season.
MENTIONED IN THIS ARTICLE
Robert NcAllister
Bridgeport Towing Line
Bridgeport Harbor
West Haven
John Werrett
Mr. Ferrett
Robert M. Ferrett
Cotton market report from New York in March
Cotton spot quiet with middling at 19.53. Nearby maturities steady at 18 to 19. May 18.7, July 18. Feig 18. October 17.08 to 17.41, December 17.0 to 17.07.
MENTIONED IN THIS ARTICLE
New York
Treasury balance report shows 346 million dollar general fund
Washington March 4 daily statement from the Treasury lists Balance general fund today 346,268,175.88 dollars.
MENTIONED IN THIS ARTICLE
Washington
J. &. Treasury
Money market terms show steady call rate and prime paper
The report notes a steady call money rate around 4 1 2 with high and low rulings near 4 1 2, closing around 4 1 2. Offered at 4 3 4 last loan Jef Gall Sans against acceptance, time loads firm 60 to 90 days, 4 3 4 to 4 8 4 for 4 to 6 months, and mercantile paper rated at 4 1 4.
MENTIONED IN THIS ARTICLE
New York
Gall Sans
Prime Mercantile
Also Mentioned on This Page
State of
Conn
United Loan Corp
Pairfield Ave
Toons
Barnum
Standard Oil
Federal Reserve Bank Statement
Maren Exchines
Wall Street News
Metal Market
Cavrionre Associates
Imetals &Metal Propuct House
Furniss Goons
Shipping News
Raik
Liberty Ponds
Liberty
Treasury
Bear
Wes J
Brekera
Iseage
General Electric
Caholig Church
TUG
John W. Ferrett
San Juan
Porto Rico
United States
Harris, Forbes & Co
Pine St
Col
William New York
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