Easier Money Pushes Market Ahead This Week
New York May 1 Prices in the stock market are expected to rise during the week due to cheap money. Summer influences and mild business recession support a buying wave in investors. Abundant call money, some from interior banks, and returning pound parity boost international trade prospects. Employment lags last year. March purchasing power rose but not to prewar levels. Industrial output dips about three percent vs last year across 62 industries. Nickel Flite merger plans draw interest amid anticipated Interstate Commerce Commission scrutiny.
MENTIONED IN THIS ARTICLE
New York
Investeast
Interstate Commerce Commission
Quiet trading on London markets amid unsettled week
London markets showed distinctly unsettled conditions with investors keeping a cautious stance. Gilt edged issues dull, small investor demand fair yet offset by heavy lightening of big holders books amid doubts over the outlook. Foreign and Brazilian issues showed mixed movement while French and British rails remained weak.
MENTIONED IN THIS ARTICLE
London
Leopoldinag
Tennis Coach Named for Penns Men’s Team
Penn tennis announces Jack Tenaricks as head coach to lead the red and white netters. Former Lawrenceville coach and Ocean City pro, he brings experience after two years with the Ocean City program. The appointment marks Penns first tie servicers of a coaching era since the sport began at the university.
MENTIONED IN THIS ARTICLE
Philadelphia
University of Pennlyama
Jack Tenaricks
Lawrenceville Academy
Ocean City
Potato Prices Firm As Crop Light In Market Report
The Marketing Bureau notes firmer prices for both old and new potatoes as supply tightens. Onion markets stay firm with uplifted prices, asparagus scarce and rising. Strawberries weaken after receipts, Maine and Florida stock influence seen. several vegetables and fruits show varied price movements across the region.
MENTIONED IN THIS ARTICLE
State Board of Agriculture
Florida
Maine
Atlantic
Norman
Eastern Shore
Tve
Long Island
Texas
Kennery
Plane Falls Into River Near Port Jervis Injuries None
Aviators T Doyle and Mo Caperion attached to Curtis Field at Migeola were forced to land on river ice after engine trouble. Residents on shore dragged them from the Delaware river near Parishauls shore. both men uninjured. Plane damaged in the incident.
MENTIONED IN THIS ARTICLE
Port Jervis
Doyle
Mo Caperion
Curtis Field
Migeola
Matamoras Pa
Delaware Rilver
Trade Uniform and Business Mood Improve in Week
New York May 3 Trade movements last week remained uneven yet general business sentiment grew distinctly cheerier. Gains were linked to strength in securities and grain markets and Britain’s return to the gold standard, with economists seeing potential long term benefits despite short term uncertainties in steel and textiles.
MENTIONED IN THIS ARTICLE
New York
Great Britlan
England
Britain
Eight States Produce Half of Nation's Electricity
The Geological Survey reports that eight states in the Mid Atlantic to North Central region generated 51 percent of U S public utility electricity last year, with 69 018 000 kilowatt hours produced. Fuel power accounted for 60.7 percent of output, water power 32 percent, while Pacific Coast supplied 2 percent of water power. The article notes shifts from water to fuel power since 1912 and calls for expanding water power to conserve fuel resources.
MENTIONED IN THIS ARTICLE
Iits
Middle Atlantic
North Central
Nationa
Geological Survey
U. S
Pacific Coast
Utiity
Irving Fisher Weekly Index Highlights Postwar Price Pressures
The article describes Irving Fisher’s Weekly Index of wholesale prices and purchasing power relative to 1918 prewar levels. It notes the May 1920 price peak at 147 percent above prewar, a dollar worth 405 prewar cents, and mentions the index’s 200 quoted commodities with weekly publication enabled by new methods from Fisher’s The Making of Index Numbers. It cites sources from Dun's Weekly Review and War Industries Board.
MENTIONED IN THIS ARTICLE
Irving Fisher
Houghton, Mifflin & Co
Pollak Foundation For Economic Research
Newton 68
Mass
Dun
War Industries Board
Bridgeport Firms Named Bidders for Central Library Building
The Library Board selected six Bridgeport contractors Howlett company WR Muir head and Lone T J Pardy Construction William Martin and Sons Eastern Engineering and Construction and W Hubbell Building to bid on the new Central Library Building at Broad State and Gilbert streets. T J Parry Construction won the Mystic sawtooth factory project at a cost of 100000, owned by Ladonia Mills. Lockwood and Greene of New York serve as engineers.
MENTIONED IN THIS ARTICLE
Bridgeport
Library Board
Broad State
Gilbert Streets
Howlett Company
WR Muirhead and Lone
T. J. Pardy Construction Company
William Martin and Sons
Eastern Engineering and Construction Company
5. W. Hubbell Building Company
T. J. Parry Construction Company
Hatt Arday
Mystic
Ladonia Mills
Lockwood and Greene
New York
Rhode Island Manufacturing Output Rises in 1923
Washington May 10 The census bureau reports Rhode Island manufacturing value at 675.425 million for 1923 up 3.06 percent from 1921. Cotton goods employ the most workers, Worsted goods top by value. Average wage earners 134,667, up 1.4 percent from 1921. Wages paid 150.5 million, up six percent from 1921.
MENTIONED IN THIS ARTICLE
Washington
Rhode Island
Reports Indicate German Labor Market Better
Berlin reports from Prussian chambers show improvement in steel, engineering and electric sectors in April while coal strikes worsen with 10,000 miners fired. Shipbuilding stagnates, seagoing traffic rose slightly, canal traffic exceeded prior year, and milder weather aided gains. Potash sales reach 67,000 tons as German-Alatian works set global quotas amid price rise anticipated.
MENTIONED IN THIS ARTICLE
Berlin
Prussian Chambers of Commerce and Industry
Chamber of Commence of
Germany
England
Zeebrugge
Harwich
Woman Adopts American Waffle in London Eatery Boom
A businesswoman expands in London by introducing the American hot waffle with Vermont maple syrup, broadening menu offerings and capitalizing on a growing breakfast trend.
MENTIONED IN THIS ARTICLE
London
Bond Trading Rises as Money Eases Markets Strengthen
New York May 10 Bond prices climbed to year high aided by easy money rates spurring broad trading activity across sectors. Public financing expanded to about 126 million dollars, while demand for high grade secur ities drove a 60 million 4 1 4s New York city loan to top prices in sixteen years. Rail and utility issues led gains with Atchison, general 4s reaching new highs and utility shares rising amid speculative fervor.
MENTIONED IN THIS ARTICLE
New York
New York City
Great Britain
London
Wall Street
Eaid
England
Sterling Exchange
She Dong
Britain
Japan
Enthusiaam
wWdth
Hold Up at Publisher Office Nets $7000
Four men looted the William Armstrong Publishing Company on West Fifth Street in New York early today, taking about $7000 in cash and jewels. Armstrong and assistants, counting yesterday’s receipts, were bound and gagged as the office was ransacked under a traffic officer’s watch near Seventh Avenue.
MENTIONED IN THIS ARTICLE
New York
Tvliam Armatrong
Ve Fisher
Racing Paper
Thire
We” Liam Armatrong
Weat Sdth Street
Armstrong
Vics
Seventh Avenue
Also Mentioned on This Page
Bridgeport Telegram
MON
PENN
Associated Gas and Electric Company
Chase National Bank
City of
Whch
Ciasa
Aaveta
St Broadway
Busines
M. C. Okemfpe
First General Investment
Trust
United States
W. R. Bull & CO
Noble
State
Conn
Broadway
Tul Y G White
Corporation Federal Greserve Bank
Liberty Street
Seaboard National Bank
United States Steel Corporation
HB. H. Gary
U.S
Water Power
Fusi
Irving Fisher’s Weekly Index
Bank of England
State of
Connecticut
Loupon
Massachusetts
Messrs Ropes, Grey, Berden and Perkins
Boston, Mass
First National Bank of
Boston
Mantee the Stater
G. L. Austin & Company
Hartford, Dean
H. L. Allen & Company
Berem
Neni
State Street
THE
ST Peace Meag Company
Investment Department
Fidelity Loan Corp
Connecticut Industrial Lender's Association
Middle St. Corner John
John
Wall
State Banking Commission
United Loan Corp
Fairfield Ave. Cor
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