Kean Sugar Refining resumes dividend amid restructuring
The Kean Sugar Refining company lifts its common stock dividend to 5 with a $1.25 per share quarterly payment, after a prior $1.75 in July 1921, and names W Ed Foster as president replacing Earl D Erbst. Edward A Webber takes vice presidency as the firm, amid postwar sugar downturn, reports $22 million cash on hand and plans to maintain the regular $1.75 preferred disbursement and a January 2 dividend date for shareholders of record December 1.
MENTIONED IN THIS ARTICLE
York
Kean Sugar Refining Company
W. Edid Foster
Coua
Earl D. Erbst
Sugar Inn
Foreign exchange rates steady in New York market
Foreign exchanges in New York were steady with quotes in cents and francs. Major rates included Great Britain at 4.84 3-8 for demand and 4.34 8-4 on cables, France at 3.35 1-2, Italy at 3.98, Belgium 4.58 1-2, Germany 23.80, Japan Tokyo 42, Shanghai 78 4-8, and Montreal 100 3-32.
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New York
Great Britain
France
Italy
Belgium
Germany
Hallang
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Cotton market steadies as futures rise modestly
Cotton prices in New York on November 11 show spot steady at middling 21.10 cents. Futures close higher by 55 to 78 points with December 20.60 to 20.70, January 20.30 to 20.35, March 20.35 to 20.38, March 20.08 to 26.12, and July 18.60 to 19.66.
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New York
Stock Exchange
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Foundstiaarts
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Goodrich BI Co
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West Sue
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Pierce
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Alia
Rtow P
Pitts Va
Eaton Axle S.pr
John Ay
Metal Market New York Copper Tin and Iron Prices
Metal market report from New York shows copper steady with spot and futures around 14.84 to 14.87. Tin calm with spot near 61.62 and futures 62.25. Iron and lead steady with small ranges. Zinc quiet with last prices around 9.00. Antimony at 29.00 to 29.50.
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New York
St. Louis
Bond Prices Advance as Railroads Lead Market
Bond prices moved forward in New York as stock recovery strengthened appetite for railroad liens and convertible issues. Strong gains in railroad bonds included Norfolk and Western convertibles and Denver and Rio Grande Western, with further advances across Central of New England and New York Central bonds. Industrials recouped losses, led by Pan-American, Sinclair, Anaconda Copper, and International Mercantile Marine. Foreign issues drifted, while expectations grew for new loans tied to German conditions and plans for Westphalian electrical industry and Bank of Essen loans.
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Norfolk and Western
Denver
Fic
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Central of New England
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Sinclair Is
Pan-American
Anaconiia Copper Is
International Mercantile Mariners
Eastern Cuba Sugar
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Carolina Chemical Bonds
Reichsbank
Bank of Heseen
Shipping News From New York Arrivals List
Ships arriving and sailing from New York with details of vessels such as Westphalia Majestic utland American Merchant London Qonte Reese and Veendam London to Genoa routes. An array of ships reported in transit with dates in November from Hamburg Southampton Rotterdam Bordeaux Vigo Bremen and Vigo.
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Vigo
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Realty Deeds and Mortgages Across Several Streets
Mortgage and quit claim deeds recorded for multiple properties in Hallett Pembrooke Helen Streets Palisade Avenue East Main Alfred Gordon Wade Courtland Howard and Colorado avenues. Transactions include Michael Robstock to American Bank and Trust and Samuel Ladinsky to Abraham Podoloff among others with values noted at $5000 and $2000.
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Michael Robstock
American Bank and Trust Company
Hallett
Pembroke
Helen Streets
Samuel Ladinsky
Abraham Podoloff
Palisade Avenue
Samuel Linadinsky
Israel J. Cohn
Katie Lucas
City Loan Corporation
East Main Street
Agnes McCone
Mechanics and Farmers Savings Bank
Alfred Street
B. Loretta Fitch
Frederick Kirschner
Gordon Street
Annie Rabingwitz
First National Bank
A. Podoljafé
Money market clears with varied call loan rates
Money New York reports call money easier with high 34, low 4 1 4, ruling 4 3 4, closing 4 1 2 to 4 3 4. Time loans steady with 60-90 day at 4 9 4 7 8, 4-6 months at 4 3 4 4 7 7 8. Prime mercantile paper quoted at 4 1 4.
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New York
Prime Mercantile
Fox Theatres Proposes $12,000,000 Stock Offering
New York Navy 11 AP reports the largest single stock issue for a theatrical company. Fox Theatres to issue $12 million in common shares at $25, via Tay lor, Thorne & Co. The firm, formed by William Fox and partners, aims to acquire moving picture houses and real estate, independent of Fox Film. Subscriptions already exceed the offering, forcing scale-down of allocations.
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New York
Navy
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Fox Theatres Corporation
Taylor, Thorne & Co
William Fox
Moving Picture
I’ex Film Corporation
Stock Exchange Rejects Seat Increase Proposal
New York, Nov. 11 CAP The governing committee proposal to raise exchange membership from 1190 to 1125 and to sell 25 more seats at 135000 to 145000 was decisively defeated by 648 against and 268 in favor in a total of 941 votes cast with 25 defective ballots.
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New York
New York Stock Exchange
Exchange
Wall Street News Notes Deficits Narrow in Nine Months
New York reports Superior Nil shows a nine month deficit of 411.30 versus 914,154 a year earlier. The third quarter deficit is 168,000 compared with 5,362 in 1924. A G Spaulding & Bros earns 1904 a share on common stock with net income of 1,850,795 for the period, vs 775,832 last year. Logs of 101,220 before depreciation are posted by Penn Seaboard Steel for nine months 1926, against a loss of 227,015 in 1924.
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New York
A. G. Spaulding & Bros
Penn Seaboard Steel
Price Halt in Potatoes Sparks Market Pause
Chicago reports from AP note the large price advance in potatoes has halted as dealers hesitate to buy. US Bureau of Agricultural Economics says prices slowed after a rapid rise, with city wholesale levels still three to four times last season. About 300 carloads of potatoes arrived from Canada last week, with total imports this season around 400 cars, vs 20 cars year ago.
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Chicago
Spud
United States Bureau of Agricultural Economies
United States
Canada
Trumbull Steel to float 15 year bonds at 96
Following a readjustment of its finances Trumbull Steel will issue its second bond issue of the year tomorrow offering 15 year bonds at 96. The underwriting syndicate is led by Bankers' Trust and includes the Cleveland Trust and Otis Company.
MENTIONED IN THIS ARTICLE
New York
Trumbull Steel Company
Bankers’ Trust Company
Cleveland ‘Trust Company
Otls ’ Company
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