Stocks Reach New Highs Boosted by Tax Cuts on Industry
The week’s broad stock market strength accompanied reports of larger corporate earnings and rising steel and motor shares. Growth in industrial activity, higher prices, and anticipated surtax reductions in Congress suggest a continued expansion into year-end profits, with rail and freight metrics signaling strong trade momentum.
MENTIONED IN THIS ARTICLE
Dun
Congress
Investment Fonda
Liberty
Saproximeatel
Republic of Pern
Danish Consolidated Municipalites
Hamblarg Stars
Province of
Buenoz Dives
Efterlags
Slump in Shipping of Owl Cargoes Affects Canal
Washington November AP reports Governor M. L. Walker attributed the drop in Pangma Canal business to a plunge in California oil shipments. 1935 traffic shows normal growth when oil is excluded, with 4,673 vessels through the canal and tolls of 21,400,523.51, down from 24,290,963.54. cargo tonnage rose slightly from 17,081,824 to 17,933,468 tons.
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Washington
Pangma Canal
M. L. Walker
War Department
California
Traneh
Atlantic
Far
Japan
Norway
Germany
Holland
France
Weeks Bridge Named for Former Secretary of War Weeks
A foot bridge linking Harvard University and the Harvard Graduate School of Business Administration across the Charles River will be named after former Secretary of War John W. Weeks. Construction was authorized by the Massachusetts legislature, with initial costs funded by contributions from Weeks's former business associates. state maintenance is planned. The Atchison Topeka and Santa Fe Railway has ordered 14,000 tons of rails from Colorado Fuel and Iron.
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Cambridge
Mass
Harvard University
Harvard Graduate School of Business Administration
Charles River
John W. Weeks
Massachusetts
Weeks
Atchison, Topeke & Santa Fe
Colorado Fuel and Iran Company
Died Notices of Hartford Area Residents
In this city many deaths are recorded with funeral details. Ida L Abercrombie widow of William R. Abercrombie dies November 6 at 29 Putnam Street with burial at Park Cemetery. Loretta Reynolds Burns dies November 8 in New Haven. Funeral at 640 Howard Avenue and Sacred Heart Church. Callahan John Callahan dies November 7, services at 46 Colorado Avenue, then 983 Howard Avenue and St Peter's Church. Burial at St Michael's Cemetery. Eleanor Crowley, age 4 years 11 months 14 days, dies November 8, funeral private, burial St Michael's Cemetery. William B Delaney dies November 3, 1925, aged 50, funeral from Mullins Scot and Redgate, then St Augustine's Church. Eicker Katharine Houlihan dies November 7, funeral November 9 at 2 p.m. at 206 Woodside Avenue, burial Lakeview Cemetery. Bernard Gagnon, infant, dies November 7, funeral at 120 Mt Grove Street November 9, burial Mt Grove Cemetery. Nathaniel Macon Grey dies November 8, funeral November 11 at 2 p.m., burial Center Street Cemetery. Jennie Hayden Harden dies November 7. Robert E Lockwood dies November 6 285. Jane Lynch dies November 6, funeral November 9. Mildred V Kellogg dies November 7 in Milford. Isabel Park dies November 8 at Mt Carmel. Ruth Ellen Reed Tiffany dies November 8, funeral November 11 at 189 Bredmont Avenue.
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Abercrombie
Ida L
William R. Abercrombie
Putnam Street
Park Cemetery
Burns
New Haven
Loretta Reynolds
Daniel T. Burns
Howard Avenue
Church of Sacred Heart
Callahan
John Callahan
Colorado Avenue
Eugene Quilahan
St. Peter's Church
St. Michaela Cemetery
Crowley
Eleanor
Francis
Elizabeth Stevens Crowley
St. Michael's Cemetery
Delaney
Cty
William B
John
Catherine Delaney
Mullins Scot and Redgate
Golden Fill Street
St. Augustine's Church
St. Michael’s Cemetery
Eicker
Katherine FP. Houlihan
Louis Rinker
Woodside Avenue
Lakeview
Gagnon
Bernard
Moeby Gagnon
Mt. Grove Street
Mt. Grove
Grey
Nathaniel Macon Grey
Fairfield Avenue
Center Street
Easton
Conn
Hayden
Jennie
Edward L. Harden
Wells Street
Lock Woood
Robert E. Lockwood
Rachel Lockwood
Fleet Street
Britain
Lynch
Jane Conroy
Bernard Lynch
Broad Street
Sacred Heart Church
St. Michaels
Kellogg
Milford
Mildred V. Kellogg
H. Morgan Kellogg
North Street
Taterment
Milford Cemetery
Park
Mt. Carmel
Isabel
John J. Park
Arthur B. Park
East Street
Floral Park
Stratford Conn
Union Cemetery
Tivpany
Ruth Ellen Reed
William Tiffany
Market Value Reports From 1923 Bull Run Vary Widely
Market value appreciations since 1923 show wide variation across stock classes. New York Exchange leading chain store issues rose about 288 percent, railroad shares advanced, and overall average gains near 60 percent. Some sectors like chain sofas and automobiles thrived while tobacco lagged behind copper utilities and chemical groups. Prices seem tied to starting levels of the forward movement. Most groups now fetch near record highs, with seats and trading volumes also at new peaks.
MENTIONED IN THIS ARTICLE
New York Exchange
Statistica Company
Dhain Sofa
Stock Exchange
Real Wages Rising Study by Industrial Board Shows
New York nov 8 a broad trend toward higher real wages measured by purchasing power is shown by the Nations Industrial Conference Board in a study of major industries. It cites lower unit costs from efficiency gains and notes iron and steel wages up about 140 percent since prewar, while steel prices rose only 34 percent. Automobile wages up 122 percent with prices down 29 percent since 1914. The report attributes rising efficiency to management and tech progress with production up 185 percent since 1899 while wage earners rose only 30 percent.
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New York
Nations
Industrial Conference Board
Park Avenue
Conference Board
Ite
Manufacturers seek change in soft coal through rates
Connecticut manufacturers through a special committee will urge the Interstate Commerce Commission to establish through rates on prepared sizes of semi bituminous coal from West Virginia to Connecticut to meet the current emergency. The group seeks to ensure adequate substitutes and prevent industrial curtailment this winter.
MENTIONED IN THIS ARTICLE
Manufacturers Associations of
Connecticut
Interstate Commerce Commission
West Virginia
New England
Trumbull
R. I. Neithercut
Bridgeport Brans Company
Bridgeport
J. ST. Atwater
American Hardware Corporation
New Britain
K. P. Applegate
Hartford Electric Light Company
Hartford
J. FE. Rowland
Cheney Brothers
South Manchester
I. Hyatson
Association
Louisa Isakson
Wall Street Notes on Steel and Canner Stocks
Steel operations in the Youngstown district this week should average over ninety percent, nearing capacity schedules. Republic Iron and Steel shows near ninety percent production. the Foundation Company reports nine months net profit up $622,901 year over year. Third quarter earnings fell from the prior quarter. A New York Canners board meeting in Rochester on November 13 may call for retirement of two classes of preferred stock. Iron and steel prices rise one dollar per ton in the Birmingham district to $142.
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New York Stock Exchange
New York
Youngstown
Republic Iron and Steel
Comany
New York Canners Company
Rochester
N. Y
Wall Street
Birmingham
Yale and Towne Purchases Plant in Philadelphia
Stamford Nov 8 Special Yale and Towne Manufacturing company announced the purchase of the Miller Lock company of Philadelphia. The plant will operate as Miller Lock Worke of the Yale and Towne company with Arthur C. Jackson as manager and E C Waldvegal as director of sales policy. This follows acquisitions of Lager Lock and Futons Lock in the prior month. The group now includes plants in St Catherine's Canada and Germany, making Yale and Towne the world’s largest lock and builders hardware manufacturer.
MENTIONED IN THIS ARTICLE
Stamford
Yale and Towne Manufacturing Company
Miller Lock Company
Philadelphia
Miller Lock Worke
Yale and Towne Company
Arthur C. Jackson
Old Miler Company
E. C. Waldvegal
Yale & Towne Company
Lager Lock Company
North Chicago
Futons Lock Company
Lockport
St. Catherine's
Canada
Germany
Continued Boom Of Stock Market Feature Of Week
Record stock trading and higher prices dominated last week on the New York Stock Exchange as the Coolidge boom anniversary sparked a scramble for gains. Major issues like U S Steel General Motors Dupont Hudson Motors Allied Chemical American Can and America Smelting led the rally with U S Steel surpassing its wartime high. Despite a brief close-week pullback the market stayed buoyant on prospects of tax cuts bigger dividends and corporate surpluses passed to stockholders. France saw a currency drop easing later as credits opened to support the franc while cotton rebounded and wheat drifted lower.
MENTIONED IN THIS ARTICLE
NW York
New York Stock Exchange
Pufb
Steel
General Motors
Dupont
Hudson Motors
Allied Chemical
American Can
America Smelting
T. B. Steel
Wall Street
Washington
New York
Lfil
Great Britain
England
London
United States
Jenms
France
Herrier
Cunard Announces New New York Channel Ports Ocean Service
Cunard Line unveiled a fortnightly cabin and third class steamship passenger service between New York and Channel Ports. Seven ships, five new, will be assigned to the route with weekly sailings starting next May for the summer tourist season.
MENTIONED IN THIS ARTICLE
New York
Channelports
Cunard Line
Price Drops For Potatoes At Local Market
A slight easing in potato prices at the farmers wholesale market was noted on Saturday with some sacks down 25 cents though trading remained slow. Sweet potatoes stayed firm while green vegetables were limited and meats held firm except veal. Poultry and dairy prices showed steady demand amid tight supplies, and general livestock and hay and grain prices were listed with various bids.
MENTIONED IN THIS ARTICLE
Mcintosh
Baldwin
Baldwing
Kings
Mission
Malaga
Brees Cann
Newlaid
Kennery
Western
Germany to halt zinc mine sale in foreign control bid
Berlin reports say Germany may intervene in the deal where W A Harriman and Amacon d Mines acquire Von Giesche holdings, granting a 25 year exclusive right to sell zinc ore from German mines, potentially forcing Germany to repurchase zinc mined domestically. Rheinisch-Westfälische Zeitung argues the move conflicts with German trade policy.
MENTIONED IN THIS ARTICLE
Berlin
W. A. Harriman Company
New York
Anaconds Mining Company
Montana
von Giesche Mining Company
Germany
von Giesche
Rheinisch-Westfachsche Zeitung
Irving Fisher Weekly Index of Prices and Purchasing Power
Weekly index showing average week to week movement of wholesale prices across 200 commodities and the purchasing power of money relative to 1918. Notes cite May 1920 peak at 147 percent, 40.5 pre war cents per dollar, with figures for Oct 1924 and Nov 7 week end.
MENTIONED IN THIS ARTICLE
Irving Fisher
Houghton, Mifflin & Co
Pollak Foundation For Economic Research
Newton &3
Dun
War Industries Board
Trade balance larger as U S imports surge in gold market
The Federal Reserve Board reports that the United States ran a large net import surplus in orders for gold, with imports about 23 million dollars higher than exports for the month. The excess marks a reversal from May to September when the balance was 2.56 million dollars in favor of the United States.
MENTIONED IN THIS ARTICLE
Washington
Economista
London
Trea
Federal Serve Board
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