Steel Men Deny Independents Plan To Form Big Rival
Washington May 4 Steel men told Department of Justice and FTC officials that a proposed independent merger does not aim to create one large rival to United States Steel. Attorney William Wallace Jr claimed Bethlehem Steel and others are pursuing a separate merger including Republic Iron and Steel Midvale Inland Steel and possibly Brier Hill Steel and Steel and Tube of America with Youngstown not joining. A statement followed the conference.
MENTIONED IN THIS ARTICLE
Washington
Department of Justice
Federal Trade Commission
Tawker
United States Steel Corporation
William Wallace, Jr
New York
Bathlehem
Lackswanrd Menger
Hoepublic Iron and Steel Company
Midvale Steel and Ordnance Company
Inland Steel Company
Steel and Tube Company of América
Brier Hill Steel Company
Youngstown Company
Gyone Na] Daushedy
Speculative Rail Mortgages Lead Day's Dealings
Rail bond market activity showed little response to Interstate Commerce Commission freight reductions with firmer money rates supporting gains. Liberty 3 1 25 rose, other ds and 4 1 4s improved, foreign bonds firmed, and major rally focused on Brits Chicago and Alton 1 25, St Paul refunding 41 5, C and O 41 28, and Reading 4s. Several new underwritings absorbed. foreign-loan negotiations continued. total sales par valued at 347,038,060.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Liberty
Chicago
New Haven Railroad reports April deficit near four hundred thousand
New estimates show April operating deficit around 400000 due to coal strike, with May seen at 450000. Passenger revenue trails last year while freight improves except coal. Operating ratio drops from 96.01 to 90?? and maintenance work accelerates, delaying income further.
MENTIONED IN THIS ARTICLE
New Haven Railroad
Estimoton
Ftrom
Warratty Deeds and Realty Transfers in New York and Bridgeport
Real estate transfers list numerous deeds including Emma L Brown and James R Brown to Minnie N Bueht on streets in Colorado Avenue and Alice E Casey to Willard Nichols on Staples Street. Also includes Drews Fuller to William J McFadden and others, with entries for Madison Park Land Company, York Street and 40 to 99 feet frontages. Market news reports butter and cheese prices in New York and Wisconsin with creamery and whole milk figures and dairy product movement.
MENTIONED IN THIS ARTICLE
Warratty
Emma L. Brown
James R. )Brown
Minnie TI
N. Bueht
Jreet
Colorado Avenue
Alice E. Casey
Willard Ss. Nichols
Staples Street
Drews-Fulier Company
William J. McFadden
Clark Street
Madison Avenue
Warry J. Platt
Mary P. Cunningham
Alice Street
Sparko
Winter
Giuseppa DeLucia
Bronx Avenue
Adolf’ Greenberg
Julius Marfowitz
Howard Avenue
Madison Park Land Company
Pauline Grudzinski
Madison Highlands
John Atamian
Annie Atamian
Andrew J. Rahanoc
Williston Street
Central Avenue
Robert J. Bough
Eliza Martachi
Bridgeport Finance and Security Company
Rebecet Stavatsky
State Straet
Abraham Schnee
Gertrude L. Verrall
Butler Avenue
People’s Savings Bank
Stephen Esherdt
Ernesting Erhardt
Fest
Beecher Street
Lemuel M. Hawley
Drewa-Fuler Company, Incorporated, Realty
Hawley Heighs
Connecticut Land and Title Company
Joseph Barta
York Street
Delina Schwenck
Joseph ‘Barta
Mechanics and Farmers Savings Bank
Madison Park Land Company, Realty
Madison Hish- Hands
Abe & Goduidis
Ardmore Avenue
New York
jRree
Wisconsin
Fancy Young Americas
Bers
Milfordite jury dissents in suit against Fruit Co
A federal jury in Boston reported a disagreement after ten hours of deliberation in the Milfordite Michael Ryan's suit seeking $50,000 from United Fruit Co and Northern Railway of Costa Rica. The case stems from injuries when a train was fired upon by Costa Rican troops in 191% while Ryan was in Costa Rica arranging Belgian refugee transportation.
MENTIONED IN THIS ARTICLE
Boston
Michael ¥. Ryan
Milford
Junior Rails Advance on I C C Freight Rate Cut
New York May 24 The stock market opened with a moderate rise in junior transportation shares following the I C C freight rate cut. Rail and steel issues moved on merger and tariff speculation while dividends revived for Cleveland Cincinnati Chicago and St. Louis. Reading preferred gained slightly in late trading as money markets steadied, with loans at 4 percent.
MENTIONED IN THIS ARTICLE
New York
Interstate Commerce Commission
Chicago
Alton
Wabash
Preferredya
Lake Erie and Western
Cleveland, Cincinnati, Chicaggo and
St. Louis Railway
New York Central
Cotton Exports Rise to Over Seven Million Bales
Washington reports more than 7,000,000 bales of American raw cotton will be shipped abroad this year. April exports rose to 612.6 thousand bales, up 18.9 percent from March, and nearly double April last year. Demand strong despite England strikes, with Japan Germany and Central Europe buying more. Domestic use fell due to New England strikes. Officials see sustained foreign demand boosting prices for producers.
MENTIONED IN THIS ARTICLE
Washington
Department of Commerce
United States
England
Japan
Germany
Commerce Department
Jbo
New England
Europe
Orient
China
Liberty Bonds Move Up on Strong Remittance Demand
New York May 4 lead foreign remittances improved with higher business, especially sterling francs and Tint Bills on London. Italian rates gained nearly 10 points while Eastern European quotations fell and Far Eastern routes slid sharply. Market quotes show various currencies and rates across Paris Antwerp Amsterdam Vienna Stockholm Copenhagen and Berlin with mixed demand.
MENTIONED IN THIS ARTICLE
New York
London
Paris
Antwerp
Amsterdam
Genan
Lire
Vienna
Crown
Stockholm
Christiania
Copenhasten
Ccr
Switaertind
Commodity Prices New May 3 24 Call Money Easier
May 3 24 report shows call money easier with high 4 and low 344, ruling rate 4, cloning aid 3, effergé sp WM last loan 3 percent. Call loan against acceptances 344.
MENTIONED IN THIS ARTICLE
Effergé Sp
Anaconda Forced to Buy Copper for Brass Demand
Copper use by American Brass Co of Whiterbury runs at high levels, forcing Anaconda Copper Mining Co, owner of 98 percent of Brass stock, to buy copper on open markets to meet delivery requirements. New York offices report re-election of officers at Anaconda, including Ryan, Kelly, Thayer, Melin, Roberts, Cale, and Bennessy. Long term notes may replace outstanding bonds in proposed financing. details to be issued later.
MENTIONED IN THIS ARTICLE
American Brass Company
New York
American Brass Co
Whiterbury
Anaconda Copper Mining Co
Brass Company
Anaconda Company
Charles F. Brooker
Itho
R. Dcale
D. Bennessy
Curb Market Activity Mixed With Gains In Mining Shares
Standard Oil and other leaders opened firm on the New York Curb Exchange with early gains, then faced profit taking. Indiana and Kentucky shares hit new highs before selling cooled advances. Independent Lead set a record, Ray Herewies rose on reorganization news, and Steyn ton Sola Leather showed strong demand while general activity stayed small and profits were taken in many issues.
MENTIONED IN THIS ARTICLE
New York
Standard Ol Isques
Curb Exchange
Indiana
Kentucky
Imperial Oil
Canada
Vacuum
Ray Herewies
Devome
Steyntons Sola
Fenstandlon
Kirby Petroleum
Mexican Seaboard
Floor Tridera
Ines
Stoc
Magma
Mason Valley
Grain Chicago Wheat Market Drops Amid Price Break
May delivery wheat slid sharply as bulls exited, sending May at 1.32 1/2 and July around 1.322 7/8. Corn and oats fell 3/4 to 2 1/8 cents, while provisions held or rose slightly. Traders cited expected cheaper supplies and a broad market downturn during the final trading minutes.
MENTIONED IN THIS ARTICLE
Chicago
Ghicago
Vaie
Board of Trade
Metal market wrap from New York trading notes May 24
Copper price steady with electrolytic spot near 137 8. Tin firm at 31. Lead steady around 3.50 to 5.85. Zinc firm in East St Louis with spot and nearby delivery at 5.20. Antimony markets appear unchanged. Prices shown reflect near term trading and market activity.
MENTIONED IN THIS ARTICLE
New York
Tso Colter
Eaat
Also Mentioned on This Page
Brooklawn Park
Algonquin Road
Country Club
New Haven
Pennsylvania Power & Light CO
Niagara Falls Power CO
West Penn Power CO
R66 & div
Public Service Corp
Hincks Bros. & CO
New York Stock Exchange
Main St
Bridgeport, Conn
Ajax
Loto P
Balt & Ohio
Ealt & & O
Beth St
Gu West
Chile
W & We
Sawen
Goodrich
Ani Sin Gulf S Steel
Hey
Bath
Leon Tan
Anant Sinclair
Tan Tinton
Alco
Ann
Ny West Pace RR
Tom
Hite
Tierna
Willys Ov
Milfordite
Fruit CO
Day
Lima
Dalphe F Couch
U.S
Scienc
Nice
Washington, D
Licensed and
Bondéa
Bridgeport
Suburbs
Ars
Tile Guaranty & Trust Company
First National
Basak
Conn
THE
Fuller Brush Company
Wold
Connecticut
Security Trust Company
Hartford, Co
Alfred C. Fuller
Cubs
Security Trust Company of
Hartford
Messrs. G
Putnam & CO
Richter & CO
West Main Street
New Britain
Jiable
Metal Market
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