Rail stocks rally after Republican victory buoying bond market
News from New York reports a buoyant bond and railroad securities rally following a Republican victory. Car loadings for the week ended October 26 reached a 1924 high, lifting railroad issues and related bonds. Strong gains seen in Sea board Adjustment 5s, Denver & Rio Grande Refunding 5s, Consolidated 4s8, and Katy Adjustment 6s, with other rail and copper issues rising amid higher call money and abundant time funds. New municipal financing, including a $26.9 million Cir Service Power and Tiight issue, is projected as election results boost bond issuance totals toward $300 million.
MENTIONED IN THIS ARTICLE
New York
Demena
Seaboard Adjustment
Denver & Rio Grand
Consolidated
Chicago Great Western
Magma Coppers
Wickwire-Spencer Steel
Ctres Service Power and Tiight Company
Foreign Exchange Rates Across Nations and Cables
Irregular quotations in cents for foreign currencies in New York show varying demands and cable rates. Major entries include Great Britain at 458 1-4, Italy 434 1-2 with cables 455, Germany 8 7 per trillion, Belgium 480, Denmark 17 37, Spain 1348, Poland 1 1-4, Czecho Slovakia 208, Jugoslovia 146, Austria 0014 1-8, Roumania 86 8 7, Tokio 38 88, Montreal 100.
MENTIONED IN THIS ARTICLE
Great
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Montreal
Metal Market New York Copper zinc antimony prices
New York metal prices show copper steady while aluminum and zinc hold near prior levels. Spot and futures for copper range around 58 cents to 7 dollars with small changes. zinc and antimony show modest shifts. Market notes reflect steady tone amid mixed futures and spot readings in East St Louis and broader markets.
MENTIONED IN THIS ARTICLE
New York
East St Louis
Dividends Declared by Universal Pipe and Federal Light
Universal Pipe and Radiator Co directors canceled current dividends and set an 8.25 percent December 2 payment for stock of record November 17. A 0.75 dollar extra on Federal Light and Traction pays six percent cumulative preferred stock, alongside the regular one dollar quarterly disbursement due January 2 for records December 15. Treasury balance as of November 3 stands at 835,571,842.
MENTIONED IN THIS ARTICLE
New York
Universal Pipe and Radiator Company
Federal’ Light and Traction Company
Aise
Railroad Shares Set New High Prices in Rally
New York November 5 A sweeping Republican victory spurred a strong market rally with railroad shares leading gains. Fifteen rails hit new 1924 peaks as New York Central Atchison Atlantic Coast Line Missouri Pacific and others climbed one to four and a half points on brisk turnover of about 1.75 million shares. Investors expected safety of the 1920 Transportation Act and faster progress on railroad legislation amid robust Freight Car Service figures for the week ending Oct 25. Steel, industrials, and chemical issues also advanced, with United States Steel near 310-3, Baldwin reaching 128, and American Can marking a peak before easing.
MENTIONED IN THIS ARTICLE
New York
Wall Streets
Wu Sorb
Congress
New ‘York Central
Atchison
Atlantic Coast Line
Missouri Pacific
Katy
Rock Island
Wabash
Seaboard Air Zone
September 1944 Retail and Wholesale Trade Upward Impetus
The Federal Reserve Board notes production and retail expansion in September 1944 across most regions. Department store sales run 19 percent above 1919 base, with year over year gains and gains in wholesale activity, carloadings, and final consumption. Wholesale trade shows an 11 percent rise driven by seasonal factors and improved business.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Rescue Board
Luna
WoolBasn
Federal Reserve Boards
Sizri
Liberty Bonds Market Tidbits From New York
In New York in November 1965 the government tends closing Liberty bonds with bids noted for Liberty first second and third issues, including prices such as 1014 10210 and 10118. Treasury securities show orderly trading with quotations around 106 31.
MENTIONED IN THIS ARTICLE
New York
Liberty
Iiberty
Treasury
Money New York Call Money Rates and Terms
The report outlines New York call money standings with firm rates at 3 to 21 2, closing bids at 2 3 4 4, last loan 3, call loans against acceptances at 2, time loans easier, mixed collateral 60 90 days at 2 3 4 3 4 6 months 3 1 4, and prime commercial paper at 4 3 1 4.
MENTIONED IN THIS ARTICLE
New York
Nov
Call Money Firm
Curb Market Mixed Gains After Coolidge Victory in New York
Curb prices rose with minor exceptions after President Coolidge's election. Cities Service common advanced to 190 then eased to 188, up two on the day. Several pipe shares and high priced producers gained, while active refinery issues posted fractional gains. Industrial stocks saw mixed moves between Thermodyna Radio and Baking stocks, United and War Beach closed about two points higher. Publicities stayed near unchanged, most active issues showing small gains. Oldfield Development revived, moving to an 18 high on the toment movement.
MENTIONED IN THIS ARTICLE
New York
Coolidge
Une
United
War Beach
Oldfield
Toment Movement
Three New Banks Authorized by State Board
Hartford Nov 5 The State Banking commission granted the incorporators of three banks permission to operate in the state. The Central Industrial Bank of Waterbury the Peoples Bank and Trust Company of Waterbury and the Hamden Bank and Trust Company of Hamden each hold 100000 capital with 25000 surplus. The Central Industrial Bank arises from a consolidation of Italian Commercial Corpora tion and Italian-American operations in Waterbury and will assume the assets of the old firms. The Peoples Bank and Trust was formed by Mancini Ruggiero and Palombe private bankers in Waterbury with deposits about 40000. The Hamden Bank and Trust will be the town’s first bank located in Whitneyville with a plan for worker share in local manufacturing plants.
MENTIONED IN THIS ARTICLE
Hartford
State Banking Commission
Central Industrial Bank of
Tater Bury
Feoples Bank and Trust Company of
Waterbury
Haméen Bank and Lust Company
Hlamdey
Capitaliari
C Ptia
Italian Commercial Corporafnn
Italan-Am Ian
Peoples Bank and Trust Company
Waa
Fir
Mancini Ruggiero and
Palombe
Hamden Bank and Trust Company
Grain market rally lifts wheat and rye on foreign demand
Chicago grain prices surged as wheat gained up to 4 1 2 cents with December at 143 34 and May near 150. Corn rose about 1 58 while oats advanced modestly and provisions fell. Export demand and election related uncertainty supported gains as Liverpool and Winnipeg pushed futures higher despite U S exchange closings.
MENTIONED IN THIS ARTICLE
Chicago
Nov
Liverpool
Winnipeg
Board of Trade
Europe
Unclear OCR Fragment From New York Listing
Fragmentary OCR text shows scattered numbers and phrases including a New York tag and private wire references. No coherent event or person details emerge to define a complete news item or outcome.
Realty Records Mortgage Deeds and Transfers Listed
Mortgage and warranty deeds filed listing executors, buyers, sellers, and parcel addresses on Taét Fairfield Randall Charles Park and other streets. Notable transfers include James P Boulton to City Savings Bank on Taét Avenue for 1600 and Augustino Calabrese to United Loan Corporation on Randall Avenue for 360. Gabriele Scanzillo to Snow Realty on Charles Street for 599 and to Peoples Savings Bank on Charles Street for 5000. Additional deeds show Mary Whitney to William Bank on Park Avenue, Wilks Cutler to Joseph Tathomske on French Street for 400, Angelo Sparano to Gaviele Beanio on Charles Street, Dannie Snow to Gabriele Scanzillo on Charles Street, and several other transfers with varying properties and values.
MENTIONED IN THIS ARTICLE
James P Boulton
City Savings Bank Realty
Taét Avenue
Wang O King
Fairfield Avenue
Augustino and
Ligsie Calabrese
United Loan Corporation Realty
Randall Avenue
Gabriele Scanzilo
Snow
Charles Street
Gabriel Scanzillo
Peoples Savings Bank Realty
Joseph Rubin
Gokiie Rubin Realty
Towa Street
Mary L Whitney
William Pank Realty
Park Avenue
Wilks
Also Mentioned on This Page
Liberty Loans
Belgium
Metal Market
Washington
Tnitea States Treasury
Jersey Central
United States Steel Common
Baldwin
Amerean Smelting
Montgomery Watch
Sears Rosbach
United States
United States Industrial Alcohol and Central Leither
Maidson
Savate Arms Testum Cereal International Nickel
Goodyear
Amoskear
Commercial Solvents
Toose-Wiles Bisruit
Cayamel Pruit Algo Fost
Enline US
Cai
Boston
Connecticut Light & Power Co
Hincks Bros. & CO
Main Street
Bridgeport, Conn
Barnum
Archive
York
Hamden
Chica
Hitech Lilienthal
New York Stock Tachange
Cotten Exchange
Bridgeport
Cotion
Calton
Lijenthal
Security
G&l
Wadi
Bay Ann
Ball & Ghio Ray
Barnsdad
Baruk
Baechnut
Eklyn
Ch & Ae
Congola Son Gas
Cuba
Ds & AW
Osag
Erie i
Ro Salk
Fiske
Tleischmann
Tieeworth
Asphit
Goodrich
Goodyr Pt Wa
Manly
Surat
Hartman
Tarvester
Houston
House
Evers
Hud & Mn
Army
Sacomh Central
Jordan Mt
Low & Nash
Miami
Pacific
Mont Ward
Ohio
Ag &Y
Phillips
Pierce AL
Kono Be
Stael
Sian Roy DS
Siwage
Asad Seare Roeh
Simmons
Smimes Pat
Studebaker
Wabashity
Blic Auction
United States District Court
Spruce Street
Howard Avenue
Connecticut
Bridgeport Iron and Metal Company
Acorn Trading Company
WM. Howard Wakelee
The
Henry Greenstein
Liberty Bidz
Thermiodyne Radio Corporation
Delaware
Shepard-Potter Co. Inc
Plattsburgh
N. Y
Ths
H. D. Williams & Co
New York Stock Exchange
Broadway
International Securities Trust of America
Guaranty Trust Company
Nework
Noble
W. R. Bull & Co
Bridgeport, Incorporated
Conn
First National Bank Bldg
Fidelity Loan Corp
Middle St. Col. John
Plaza 1St
Shaler
Ining Heating Plumbing
J+ Wade
Hawley Ave
New England Equity Corp
State Bank
State Street
Post and Telegram
Hemphill, Noyes & Co
John Street
Philadelphia
Pittsburgh
Albany Baltitumere
Syracuse
Berantam
Guaranty & Trust Co
Srige
Port
Stratford
Fairfeld
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