Rail stocks retreat after profit taking amid market rally
New York November 13 rail bonds rose to week highs then fell as profit taking spread across the market. Liberty bonds rebounded with time funds offerings. Wabash and other mid west rails remained in demand while government issues showed solid recoveries. A Louisiana Oil Refining Corporation note issue was disclosed with public offering expected later.
MENTIONED IN THIS ARTICLE
New York
St Paul
Seaboard
Rock Island
Chicago
New Haven
Terre Haute
United States
United Kingdom
Wall Street
Louisiana Oil Refining Corporation
Invincible Oil Corporation
Canadian Rail Executive Visits Connecticut
Sir Henry W. Thornton chairman of Canadian National Railways visited Hartford and South Manchester activities. He toured Cheney Silk Mill Colt Patent Fire Arms Co and met Connecticut executives including Edward Buckland Thomas Sargent Irving Chase and Brent Hubbard. He spoke to the Twentieth Century Club of Hartford before departing for New York.
MENTIONED IN THIS ARTICLE
Hartford
Henry W. Thornton
Canadian National Railways
Connecticut
Cheney
Manchester
Colt Patent Fint Arms Co
Manufacturer’s Association of Connecticut
Edward G Buckland
New York, Ew Haven
Bartford
Thomas Sargent
New Haven
Irving H. Chase
Waterbury
Brent Hubbard
Middletown
Mr Hubbard
Twentieth Century Club
New York
Grain market soars as Canadian crop cuts lift prices
Chicago grain prices rallied on news of reduced Canadian wheat yields and lower Argentina and Australia surplus estimates. Wheat futures surged with December and May contracts up, corn and oats also firm on strong demand signals and reports of farmers holding corn for high prices. Provisions varied, while demand fears and foreign crop cuts fueled the volatile session.
MENTIONED IN THIS ARTICLE
Chicago
Dominion
Argentina
Australia
Resa
Canada
Chicago Board of Trade
Hirsch Lilient
New York Stock Exchange Cotton Sochange Briogyport
Securiy Buiding Room
Private wire quotations record from Htre Lilenthal firm
A clipped public wire message shows prices and codes quoted by Htre Lilenthal and Company of 1115 Main Street Security Building Room 208. The dated entries span December and January with several figures and letter codes indicating financial markings and rates.
MENTIONED IN THIS ARTICLE
Htre Lilenthal and Company
Main Street
Maren
Markets End Bargain Day as Deals Surpass Two Million Shares
The New York market closed with erratic price action after total volume topped two million shares for the fifth straight session. Industrials led advances with United States Cast Iron Pipe and American Can hitting new highs, while United States Steel touched 115 before easing. Southern Pacific faced profit taking after declaring only a regular dividend, and railroad shares softened. Money markets held steady with call money at 2 percent and sterling exchange gains reflecting capital movements to London.
MENTIONED IN THIS ARTICLE
York
United States
United States Steel Common
Southern Pacific
Mallinson
Sears Roebuck
Montgomery Ward
Coca Cola Western Union
Brooklyn Edison
Maxwell Motor
White Motors
General Asphalt
Common
General Electric
Frisco Common
Northern Pacific
Chesapeake and Ohio
St Paul
Houston
Kansas City
Southern
Lois
Southwestern
Schulte
London
Building material costs ease as builders ride strong demand
Construction activity remains high with heavy demand for structural materials while prices show meaningful declines from last year. Lumber leads the savings at 10 to 15 percent lower, brick and cement show smaller shifts, and overall industrial and residential material costs drop about 12 percent, aiding the ongoing boom.
MENTIONED IN THIS ARTICLE
Bulding
Willard Battery Wins License to Increase Radio Power
The Department of Commerce issued the first radio broadcasting license for increased power to Willard Storage Battery Company of Cleveland. The license authorizes boosting broadcasting power from 1,000 to 1,500 watts.
MENTIONED IN THIS ARTICLE
Washington
Department of Commerce
Willard Storage Battery Company
Cleveland
Cense
Curb Market Mixed Oil Shares Shift in New York Trading
In New York curb market trading oil shares showed mixed results with Cumberland Pipe Prairie Oil and Gas Solar and Southern Pipe offset by declines in Citea Service Red Bank Northern Pipe and Standard Oil of Oil. United Bakeries rose to 128 1-2 and Ward Baking edged higher. most utilities fell slightly and mining listings showed little movement with no notable developments.
MENTIONED IN THIS ARTICLE
New York
Cumberland Pipe
Prairie Oil and Gas Solar
Pennsylvania
Southern Pipe
Standard Oil
Kansas
Citea
Red Bank
Northern Pipe
Jentluctuations
United Bakeries
Ward
Dubbier
Freud Lisemann
Minng
Treasury Balance Notice From Washington DC
United States treasury balance report indicates a November balance around $499 dollars. Financial records show official figures in Washington DC with precise accounting data for the month.
MENTIONED IN THIS ARTICLE
Wasitington DC
United States
Treasing Balanica
Realty Records Transfer Dates and Amounts Listed
Warranty deeds record multiple transfers including Louis Truman to Isaac Fillman on State Street for 1000 dollars and Felena Beers to Antonio Mongillo on Cente Street for 1100 dollars. Also listed are transfers to Antonio Bonnazei James Nardi and others, margins for titles and quit claim noted.
MENTIONED IN THIS ARTICLE
Louis Truman
Isaac Fillman
State Street
Felena Beers
Antonio Mon+gillo
Louis Bersuc
Antonio Bonnazei
James Nardi R Ealty
Truman
Louise Bowen
Drvid Russell
Smith Street
Bernard Duta
Samuel Roser
Bath Realty
Poplar Street
Dees Alzine
Newton
Port City
Ausociation Realty
Midland Street
Antonio Mongillo
Title Guaranty and Trust Company Realty
Center Street
Arvid Russell
Homas N Tiodsworth
Samuel Rosenbluth
Bernard Fata
Popla
Atreet
Home Really Exchange Inc
I S Cohen
Wessels Avenue
Woman's Outfitting Co files bankruptcy petition
NW Haven November 13 A voluntary petition in bankruptcy was filed in the United States Court this afternoon by the Woman's Outfitting Co of Bridgeport. Liabilities are listed as 1975934 and assets as 3910. Unsecured claims total 391. Largest creditor is Commercial Bank and Trust Company of Bridgeport with a claim of 5000. The petition will be referred to Referee John Keogh for administration.
MENTIONED IN THIS ARTICLE
NW Haven
Laiteg States
Womans Outfitting Co of
Bridgeport
Commercial Bank and ‘Trust Company of
Briag Pot
John Keogh
Adminiatrathon
Doheny Loan To Fall Deemed Illegal and Fraudulent
Opening government arguments allege a $100000 cash loan from Doheny to Albert Fall, then Secretary of the Interior, connected to the Pan American Petroleum deal. Prosecution claims fraud and illegality, noting Doheny and Fall ties and a signature removal from a receipt.
MENTIONED IN THIS ARTICLE
Los Angeles Galt
Holward Loheny
Pan-American Petroleum and
Stanahort Company
Albert Fall Farmelly
Interior
Owen J Roberts
Doheny
Dik Hills
Cality Naval Oil Reserve Roberts
Serond
Hat Wall
Crbcinet
Dotery
Naval Ot
Robel
Wal
State Produce Market Oconditions and Potato Crop Record
State Produce confirms 1922 US potato crop at 464 million bushels, breaking prior records. Eastern states Maine New York Pennsylvania show large yields, yet low prices curb movement. market tone firmer as shippers trim shipments. Other crops and produce prices listed alongside livestock, dairy, and feed prices.
MENTIONED IN THIS ARTICLE
US. Department of Agriculture
United States
Department
Maine
New York
Pennsylvania
New York State
Ling
Florida
Metal market update from New Fork trading alerts
Nov 18 dispatch shows Copner firm tying Olympic spot and futures at 187-8. Tin near 1412 spot and 3125 futures. Tray steady with little change. Lead at 865-9 spot and 90 futures. Zinc firm at First St Louis 6 84 spot and 8-6 futures. Antimony spot 1476.
MENTIONED IN THIS ARTICLE
New Fork
St Louis
Dividend Declared by Southern Pacific Company
Directors of the Southern Parish Company declare a regular quarterly dividend of 150 a share on capital stock payable January 2 to stockholders of record November 28. A recent stock rise had raised hopes the rate might be increased.
MENTIONED IN THIS ARTICLE
New York
Southmn Parish Company
State Patents Issued November 11 1924 Summary
A list of issued patents compiled by Wooster and Davis patent lawyers in Bridgeport and across Connecticut includes inventions by Talat, Mille, Hanson, Krasnow, Dmerick Crawford, Johnson, Jobes, Bralley, Cook, Prentice, Deran, Fitch, Gemma, Watebury, Seltzer, Hoyt, Jengon, Ledin, Pitney, Ryan, Platt, Smith, Alexander Anuhat, and Dailen. Items cover metal-working, mounting, fuel handling, postage meters, locks, lifting devices, running boards, and arch support among others.
MENTIONED IN THIS ARTICLE
Wooster and
Oavis
Bridgeport Admirs Mille
Bridgeport
Electric Furnace
Hanson
Hartford Metal-Working Machine
Hartford
Crawford New Haven
Simon TX
Johnson New Haven
Cromwell
Harris T
New Britain
George ED Prentice
John C Deran
Danbury
Benjamin 1
Fitch
Greenwich
Santry Crane
Gemma
Diana Watebury
Ira
Seltzer Waterbury
Georgia
Waterbury
Wiliam Ro Hoyt
Stamford
James B Jengon
Charles Ledin
Manwell
Maxwell
C Ledin
Arthur Ti Pitney
Michael Ryan
Louis Platt Elmwood
Arch
Arthur CG Smith
Meriden
Maa
Alexander Arauhat
Derby
Ohark Land
Thomas Prentice
Southington
Weekly Statement of the New York Federal Reserve Bank
The November 12 condition report shows total gold reserves of 998.384 million dollars and total reserves of 959.437 million. Government war obligation secured discounts amount to 14.166 million, with 10.995 million in other bills, open market bills 76.943 million, and total earning assets at 289.409 million. Uncollected items total 164.008 million, due to member reserve accounts 852.424 million, total deposits 876.627 million, Federal Reserve notes in circulation 865.202 million, and reserves to deposits and Fed liabilities ratio at 7.73 percent.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
Federal Reserve
Black Rock Bank Seeks Charter Hearing Date
Black Rock bank organizers seek a charter hearing date from the state banking commissioner for a planned branch on Tairfield Avenue and Brewster Street in Bridgeport. The charter committee filed with Commissioner John A Byrne, facing opposition from neighboring banks. Merchants in Black Rock push the move to ease local deposits and reduce travel time for funds.
MENTIONED IN THIS ARTICLE
Black Rock Bank
Tairfield Avenue
Brewster Street
Black Rock
Baming
Committee On Charter
John A Byrne
Bridgeport
Low Ice Prices Endanger Future of Small Firms
Atlantic City reports Anthony J Voln of the Eastern Ice Manufacturers Association warns that overproduction near Greater New York harms small ice plants. He notes New York firms selling at or below cost for eight of twelve months, challenging the viability of smaller operations and suggesting possible FTC action.
MENTIONED IN THIS ARTICLE
Atlantic City
N. J
New York
Anthony J Voln
Eastern Ice Manufacturers’ Association
Volk
Federal Trade Commission
Foreign Exchange Quotations From Markets Worldwide
The latest foreign exchange table shows demand and cable rates for major currencies. Britain at 3 8/34. France 1 2. Italy 3 4. Belgium 1 2. Germany 23 81/2. Holland 40 0 3. Norway 14 8 0. Sweden 26 3 0. Denmark 47 6 2. Switzerland 19 4 7. Spain 18 5 8. Greece 1 8 0. Poland 19 1 4. Argentina 87 7 8. Brazil 11 7 8. Tokyo 38 1 2. Montenegro 1 00.
MENTIONED IN THIS ARTICLE
Salas
Miami
Mont Waid
Bosch
T & Me
Next & Se
Owen
Pacie
Pth Ray
P&acorl
Conre
Austin
Balti
Ohto
Dean
Bernsdall
Beth Sd
Pullman
Rey St Spree
Ty & Oy
Simmons Ae
Spa & M
Gaye
China
Cop Apie
Glaas
Studebaker
Warna
Consol
Doug Penn
Utah
Wrest
USA
Weallworth
Mery
Houston Co
Hyd & Mangar
Kelly
Lehigh Val
Bam
Lon & Ngah
Las
Macy
Maracaibo
Great Britain
France
New York
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
FA ' Grecko
Slovakia
Jugoslavia
Money Now York Market Summary
Money market notes and bids show steady cash money with a high of 2 and a low of 2, the closing rate at 2 and a half, last loans against acceptances at 1 3 quarters, time loans firm with mixed rates for 60 to 90 days at 81 4 to 1 24, 8 months 3 3 4, prime commercial paper at 1 4.
MENTIONED IN THIS ARTICLE
York
Also Mentioned on This Page
Liberties
Canadian Rail
Katy
Missouri Pacific
Atlantic Coast
Savage Aims
Manu
American
du Pont Americai
Central Leather
Federal Mining
Goodyear
Hayes Wheel Postum
United Iui
Shire Lath
Aseocia
aasTou
Willard
Treasury Balanci
Woman’s Outfitting CO
FALLS
State Board of Agriculture
Metal Market
Federal Reserve Bank
Lafayette Stree
Beautful Place
Beechmont
North Avenue
Harlem Avenue
Lenox Avenue
Fairview Avenue
Bancroft Avenue
Park Avenue
Clinton Avenue
West Avenue
Whitney Avenue
Wood Avenue
Hawley Avenue
Federal Street
Washington Terrace
Norman Street
Fairfield
Laurel Avenues
H. L. Blackman & Son Real Estate
Fairfield Ave
Main ST City Saving Bank
Tel Noble
Bonds Bank
Connecticut Securities Investment Service
Nativwsiona and Investors
E. B. Merritt & Co
Bridgeport, Conn
Exchange Place
Ning
D. Wade
Sto Hawley Ave
Ayer
Newsparr
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