Rail stocks heat up on possible dividend cuts
Heaviness in railroad shares unsettled the stock market as losses of one to two points appeared on active issues. Rumors swirled that two large carriers faced either wage cuts or dividend reductions, with Pennsylvania Railroad and Great Northern mentioned amid concerns.
MENTIONED IN THIS ARTICLE
Broadan Wald
New York
Mar.t
Weis
Ducing
London
Europe
Financial
Great Northern
Pennsylvania Railroad O
Northern Pacific
Parsons Inhoe
Burlington
Pennsylvania Railroad
New York Central
Central Refuses To Adopt Union Plan Of Workers
Elizabeth New Jersey March 2 Flat refusal of the proposal of the repair shop employees of the Central Railroad of New Jersey to return to work and accept the company's terms. William J Gesler, president, said the company’s finances are strained and wage reductions are needed. He blamed the wage board for blocking cuts, noting railroads pay higher wages than private firms. The railroad had previously announced paying off shop employees due to funds shortage.
MENTIONED IN THIS ARTICLE
Labor Wage Board
Railroe
Steelmakers Await Railway Wage Cuts
New York report says steelmakers expect wage cuts and reduced freight charges to improve markets. Buyers split over wage revisions by United States Steel and price guarantees as stocks liquidate. Iron price declines continue. Southern iron at 24 dollars per ton lower than prior quotes amid weaker demand.
MENTIONED IN THIS ARTICLE
New York
Iron Axe
United States Steel Corporation
Chicago
Pittsburgh
Sugar Refining Firm Reports Higher Profits in 1920
New York March 3 The American Sugar Refining company saw last year’s business rise by 30,900,000 over 1919 due to higher prices not increased tonnage President Earl Besst announced in the annual report Profits were placed at 1 800 009 The company’s per capita sugar supply last year was explained in a year review as totaling 111 pounds per person and the surplus stood at 12 465 858 against 25 159 158 in 1918
MENTIONED IN THIS ARTICLE
New York
American Sugar Refining Company
Earl Besst
Aye
Wheat Prices Rise as Exporters Buy Markets Close Higher
Chicago wheat futures edged up after a morning drop as exporters bought heavily and farm reserves were seen larger than expected. Prices closed 1 to 3 cents higher with March around 1.60 and May near 1.60 4. Corn and oats posted modest gains while provisions advanced on grain action and bullish India crop estimates.
MENTIONED IN THIS ARTICLE
Chicago
Mar
Cais Bae
India
Capper alerts on dwindling flour supply and wheat market
Senator Capper of Kansas warns in Washington that flour stocks are falling and mill output is 24 percent below last year. He urges renewed action in Congress to curb unchecked speculation in wheat and farm products amid an irregular, nervous market.
MENTIONED IN THIS ARTICLE
Washington
Senator Capper
Kansas
Congress
Capper
Marion Lawyer Likely Contender for Comptroller Post
Washington March 3 A Marion Ohio lawyer is understood to be under consideration for appointment as comptroller of the currency or as a member of the Federal Reserve Board. White House officials said no definite selection had been made, though Mr Crossinger’s name is among those being considered for a high government position. Crossinger is a longtime friend of the President and was a Democratic nominee for Congress in the Marion district, backed by supporters of the Republican National ticket.
MENTIONED IN THIS ARTICLE
Washington
Mareh
Crosstiser
Marian
Oho Lawyan
Federal Reserve Board
White House
Crossinger
Congress
Marion
Penn Mutual Files Petition to Intervene in Reading Separation
The Penn Mutual Life Insurance Co of Philadelphia, holder of 1.6 million par value of 4 percent general mortgage bonds of the Reading companies, filed a petition to intervene in the separation matter to protect its interests in asset distribution as a Bondholder.
MENTIONED IN THIS ARTICLE
Philadelphia
Cotton Market Opens Higher on Firmer European Tone
Cotton in New York opens with a 28 to 33 point advance as London and Liverpool stay active buyers. Mar contracts start near 12.01, helped by firmer English sentiment and ongoing export worry. Southern markets hold steady with some hedging seen, while Bombay's cotton exchange shutdown causes little immediate impact.
MENTIONED IN THIS ARTICLE
New York
Livernell
Calles
Liverpool
Wall Street
Bombay
India
Coffee futures rise on cover and settle amid Brazil concerns
In New York on March 3 the coffee futures market rose 10 to 15 points on covering with May deliveries reaching 5.86, up from a 5.74 record. demand stayed subdued due to unsettled Brazil conditions, then faded after initial buying. Santos rose 12.5 to 125 higher while Rio rates were mixed to down. London exchange rates showed no demand improvement and Brazilian consumption and freight offers remained weak.
MENTIONED IN THIS ARTICLE
New York
Yesterson
Brazil
Rio Exchange
London
Sugar market mixed with duties and unsettled tones
The Sub committee reports Cuban laws affecting sugar costs while Porto Rico and full duty sugars are listed near 3.960 and 45-8e respectively. Market remains unsettled with refiners advancing lists modestly, demand active, futures quiet with minor moves.
MENTIONED IN THIS ARTICLE
New Fork
Porto
Liberty Bonds Figures From March 2 Auction
Liberty bond results listed with bond types and figures including First Fourth and Third issues. The text shows denominations and numbers such as 3 0028 and 4s, with references to remaining amounts and new sales figures.
MENTIONED IN THIS ARTICLE
Liberty
Unskilled Railroad Workers Plan Strong To Fight Cuts
About 15,000 unskilled railroad workers in New England may oppose wage reductions. Union officials say they will resist any cut now and may seek court action if needed. Talks involve Boston and Albany officials and workers representatives with possible action if mediation fails.
MENTIONED IN THIS ARTICLE
Boston
New England
United States Railroad Labor Board
Jadwin MacNamara
Brotherhood of Railroad
Italy Readies to Work to Pay U.S. Obligations
Italy plans to restore internal finances and revive trade with the United States to help meet its debt of 1.631 billion dollars. Ambassador Ricci said recoveries would not immediately apply export proceeds to debt reduction, while discussions on Allied indebtedness rise with U.S. tariff and revenue planning.
MENTIONED IN THIS ARTICLE
Ricci
Washington
Associated Press
Italy
United States
Raland Do Ricci
Dei
Ameria
America
Treasury Department
House Ways and Means
Senate Committee On Finance
Stock Transactions Show Varied Prices Across Markets Yesterday
A scramble of listings shows numerous firms and commodities with mixed quotable values. Stocks include Rumely, Union Pacific, American Can, Studebaker, Tex Pac, and West Pacific among others, with prices spanning from under 100 to over 2000 in the row.
MENTIONED IN THIS ARTICLE
Ajax
St Louis
Seara Roebuck
Seneca
Sinckir
Southern
Pt & Stan
Amer
Amer Car & F
Amer & F
Nang
Ind Alcohol & Son
Amer Wool
Virginia
West Maryland
West Pacific
West Pac
West Pac Rptino Western Union 2 W House Wiec AN Wheel & LH
Wheel & GE
Gait
Avie Go & Wi
Bares Lee LM
Beth Blaser
Stee
Beth Steel
Abe White Moler
Jsiaalak Ant
Callanen Zinc
Cruisor
Unich
West Tao
M & Si
M_o& S
Ian Colum Grant
Cory
Vtian Cap Ag
Jater Nickel Plant
Saevi
Isl
On & Troop Kaness Cy Son
Keystone I & K
Ka Steel
Midvale Steel
Middle States
Oroo Missouri Pacific
Missouri Pac
Carpenters in New London Plan Bid to Counter Wage Cut
Carpenters in New London plan to form a builders exchange to fight a statewide push by builders and contractors to reduce wages. Carpenters masons and other trades unions would cooperate to bid on contracts, starting with frame house work until a fund is built via dues and assessments for large contracts.
MENTIONED IN THIS ARTICLE
New London
Spea
Masons
Builders’ Exchange
Also Mentioned on This Page
S- Ruskay & Co
Chandler
Tale
General Montora
W. C. Durant
Durant Piers
Chandler “Motor +1
Enited Prynt
Central
U. Plan of Workers
New Jersey
York
Derm
Duran
Libby Man
Reynolds
Swift Inter
Sweats Co
U Seam Corp
Analo-Am Oi Vita Itm Ind Pima
Fieirie
Boone Gil
Basin Petre
Glenros
Gilles
Ehug
Maraceitn
Omar Gil & Gar
AOD Producers & Rust
Lee
Victoria
Cetedonia
Paris
Florence Gaters
Tanonah Prince
Vonegah
T & BI
PENN
Mutual
Railroad
Federal Labor Board
Rogard
Euans
Acsl
William R. Bull
Noble
Bridgeport
Cer
Ncome
Metropolitan Audit CO
A. M. Wooster
U. S
Ottoe
Carpenters
Lek
Houbl Bay Spraadd
C. Goldhurst & Company Service
Broad Street
Cam
Equitable, Industrial Loan Society Incorporated
Bridgeport Merchants Credle Association
G. H. Braddock
Miemoer Examining Corps U. 5
Otice Security Bldg
Standard OS
Mit
Standard Oig of
Brice
Penn. & OW
BR & Oigrt
Frederick G. Lalley
First Bridgeport National Bank
Barnum
Hasding
Lris van Aswis
Briegepert
Ecenom
Frank
Harding
Guaranty & Trust Co
First Bridgeport National Bank Bording
Comii
Connecticut
H & H Foundry and Machine Co., Inc
Office of Truster
Netics
The
City National Bank
Conn
Goth
Stamford
Mansford
West
Benjamin Warrts
Preside
Ty Macpartan
Beldreport Creelplere
Impany
Frwaks N. Fast. Sec
Treas
Fidelity ‘Witleang Co
John Anson
Coprmcers
Rocord
Arthur G. 4Hsspp
Aeniamtn F. Palmer
Frederick J. Bliss
F. J. Bliss & Co. Builders
Hartford
P. W. Brooks & Company, Inc
Main Steel
Phila
Hincks Bros. & CO
Stock Exchange
Main St
Bridgeport, Conn
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