Security Market Still Irregular but Stocks Show Resiliency
New York May 1 selling of stocks resumed in moderate volume with broad weakness across motors, steels, ships, metals and oils. Early losses trimmed late, aided by gains in Mexican Petroleum, International Paper, Sumatra Tobacco and rail issues. Foreign exchange tense amid Silesian controversy. bonds steadier. Total sales about 450,050.
MENTIONED IN THIS ARTICLE
New York
Mexican Petroleum
International Paper
Sumatra Tobacco
Dallas Federal Reserve
Spain
Liberty Asses
Parvaine
Far East Partial to American Products
John C. Hugh, VP of Mechanics and Avetals National Bank of New York, argues Far East markets are vital beyond Europe. He notes rising Far East production, increasing demand for quality goods, and the need for credit and aggressive export strategy to win postwar trade, warning rivals will compete fiercely.
MENTIONED IN THIS ARTICLE
John Chugh
Mechanics
Avetals National Bak
New York
America
Europe
Far East
Mit
India
United States
Peking
Tapan
Further Rise in Oil Price Feared in Oil City
Oil prices rise as industry sources forecast another increase likely by end of next week. Pennsylvania crude may reach or exceed $4 a barrel as producers curb output and store oil in pipelines and tanks. Curtailment and shrinking reserves since January drive the upward trend across producing and refining fields.
MENTIONED IN THIS ARTICLE
Oil City
International News Service
Co Ss
Pennsylvania
Screp Purchasing Agency
Standard Oil Company
Ital
Oil price surge stirs fear among independent producers
The crude oil market sees quick price lifts to 33 25 and then 4 50, with 25 cent gains per barrel. Producers cite costs above 3.50 to 4 per barrel and storage holdings as they resist selling at the new level, expecting further upward pressure as demand and supply dynamics tighten.
MENTIONED IN THIS ARTICLE
Ands
New York May Market Report With Dairy and Financials
Market notes show creamery extras at 20 and 25 1/4 with higher scores for creamery products. State dairy rules and cheese markers noted amid renovations. whole milk and skim offerings listed with varying grades and prices. Call money in New York firm at 6 1/2 to 7 percent. spot cotton middling price for March at 12 cents.
MENTIONED IN THIS ARTICLE
New York
Askam Rubber receiver hearing set in New Haven
A creditors hearing on confirming William M. McCarthy as temporary receiver of the Askam Rubber Company of Milford will be held in New Haven on Friday. McCarthy’s bond is $5,000. The company, with assets about $200,000 and liabilities around $65,000, has suspended operations since December. Appraisers E Osborne and C. T. Rack were appointed to inventory assets and report to the court.
MENTIONED IN THIS ARTICLE
William 3. McCarti
Rost and Manufacturing Company
Milford
Askant Rubber Company
J. W. Banka
Union and New Haven Trust
New Haven
McCarthy
Mr. McCarthy
Grain Chicago Wheat Market Rises on Cold Weather and Winnipeg Delivery
Wheat strength grew on cold weather and expectation of Winnipeg delivery with May at 1.46 and July at 1.15 3/4. Corn finished 8 1/4 higher, hogs weaker, and provisions mostly unchanged. Frost reports supported wheat while light country offerings and mixed crop news tempered gains.
MENTIONED IN THIS ARTICLE
Chicago
Winnites
Winnipegs
Winnipes
Mansas
Farmers' Foreign Trade Financing Drive Launched
Washington reports labor and business groups back Senator Norris's plan to create the Agricultural Foreign Trade Financing Corporation with 59 million dollars to fund long term credits for American farm products in Europe. Carl Vrooman leads the push, claiming no initial tax cost to farmers and debentures may be issued up to ten times paid-in capital to expand the program.
MENTIONED IN THIS ARTICLE
Committee On Organization of the Foreign Trade Financing Corporation
Far East
Steadihr
Far Eastern
Norris
Nebraska
Washington
May
Europe
United States Grain Corporation
Congress
Agricultural Foreign Trade Financing Corporation
Morris
Carl Vrooman
Vrauoman
Asia
Httle
Vrooman
Realty Records Quit Cham Deeds and Transfers
Realty records list multiple deed and mortgage transfers including William I. Charles to Michael Skee, Martin Leigatin to David Senine and Isaac Wa, 20 feet parcels along Harlem Avenue, Frank Staples to Frank Miller 40 feet Howard Avenue, and Michael Yakinczuk to Lily Tisenman 50 feet on Chapel Road. Also noted are Jona Willigm Carter to Max and Clara Seeger, Mary J. Hughes, and other property movements on Arcadia Tauret avenues, Dale Street, and Noble Avenue.
MENTIONED IN THIS ARTICLE
Willam I. Charles
Michal Sskeeor
Isec
Ghoprey Tiltmont
Mirtin Leigatinin
Dawid Senine
Tsaac Wa
Schine
Janealroet
C. Spargo
William Witter
Charles H. Ambler
Harlem Avenue
Fred J. Mayes
Prankc 'T
Staples
Howard Avenue
Lowise Whisam
Overly Development Company
Kalsam Avenue
Dale Street
Jona Willigm Carter
Max
Clara Seeger
Palmer
Rank Miller
Mary J. Hughes
Arcadia
Tauret
Mortage
Mighael Yakinczuk
Lily
Tisenman
Chapely Fil Road
Jacob
Dorothy Stillman
Harry Colidstein
Noble Avenue
Charles Tuidk
Hares
Taynshi
Ponzi Faces Trial for Larceny May 24
Boston May 16 Charles Ponzi now jailed faces trial for larceny on May 24. U S court official overruled motions to quash indictments. Also noted are numerous civil attachments and miscellaneous legal actions involving realty, certificates of attachment, and creditors.
MENTIONED IN THIS ARTICLE
Boston
Charles Ponzi
Stohe Mouth Colony
Maj
Fessenden
Superior Ecurk
Advertising as a Public Good in Lowering Prices
An editorial argues advertising reduces costs and expands choice by stimulating competition. It traces how pre advertising era monopolies kept prices high and quality variable, while advertising enabled mass production, better machinery, and lower prices through demand. It highlights the role of branded goods in autos and clothing and claims shoppers gain information and value from advertised products.
MENTIONED IN THIS ARTICLE
Morgolla
China
Japan
Jess
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