Londoners Buy American Tin Lead Is Strong
London buyers entered the American tin market and lead remained firm as New York prices diverged from St. Louis. Tin stayed around 47 to 48 1 2 cents with a silver peak near 70 1 2 cents, the highest since 1822. Copper saw cautious activity with prices around 13 cents, and foreign orders stayed solid, especially from the continent. Lead showed strength, with New York at 8 cents and St Louis near 7 80 cents, while Chicago held about five points above St Louis.
MENTIONED IN THIS ARTICLE
New York
London
Engineering and Mining Journal
St. Louis
St Louis
Chicago
Prime Western
East St Louis
Penn Railroad to Issue $50 Million in 40-Year Bonds
New York October 2 The Pennsylvania Railroad announces flotation of a 50,000,000 bond issue to retire part of six percent bonds held by the director general of railroads. The new bonds carry a five percent coupon and mature in 49 years, priced at 812 to yield 5.10 percent, a major railroad financing operation of the year.
MENTIONED IN THIS ARTICLE
Penn Railroad
New York
Pennsyvania Railroad Company
Curb Market Mixed as Oil Depression Concerns Hold Steady
Vacuum stocks led gains on New York curb market with a rise above 78, while oil sector weakness weighed. Eureka Pipe Line steadied after Wednesday’s pressure. Red Bank and Salt Creek climbed modestly amid irregular oil shares. Lehigh Valley Coal surged past a long trading gap, Hudson Preferred strengthened on anticipated listing, Interocean Radio remained in demand, Ward Baking showed strength, and United Baleres advanced.
MENTIONED IN THIS ARTICLE
New York
Eureka
Red Bank
Salt Creek
Lehigh Valley
Dubilier
Gillette
Hudson Preferred
Be'ng
New York Stock Exchange
Hudson & Manhattan Common
Interoean Radio
Ward Baking
United Baleres
Rail heads deny forcing minority to accept terms
In New York on October 2 reports said Van Sweringen interests would force minority stockholders of Erie Pete Mare quette Nickle Plate Chesapeake and Ohio and Hocking Valley railroads to accept merger terms. Representatives branded rumors of coercive plans as groundless and unfounded while noting many stockholders had deposited shares without questioning terms.
MENTIONED IN THIS ARTICLE
New York
van Sweringen
Erie
Pete Marequette
Nickle Plate
Chesapeake & Ohio
Hocking Valley
York
van Sweringana
United States
Europe
Wheat tops $1.50 bushel as foreign demand drives rally
Chicago grain pits surge on urgent overseas appetite for breadstuffs. Wheat May delivery rises to 1 51 1 2, other grains climb with rye barley and corn also advancing. U.S. and Canada ship up to 4 million bushels of wheat for Europe, rye stock feared scarce, barley nears $1.60, oats and hogs push provisions higher despite steady corn.
MENTIONED IN THIS ARTICLE
Chicago
Europe
United States
Canada
Cais
Consider Future Philippines U S Trade Relations
Manila dispatch reports Manuel Roxas urging formation of a joint board with tobacco cocoanut and oil interests to study how the Philippines may prepare for a possible disruption of trade with the United States after independence. He cautioned that independence need not end free trade if reciprocity and free trade agreements are pursued.
MENTIONED IN THIS ARTICLE
Manila
P. I
Associated Press
Manuel Roxan
Philippine Leetsia
Ture
Philippine Sugar Association
Philippines
United States
Manufacturer slain in Kenogami landslide tragedy
Quebec Oct 2 Sir William Price president of Price Brothers Company paper makers was killed today by a landslide at the company operation site in Kenogami Two engineers with him were pulled from the debris and saved officials reported.
MENTIONED IN THIS ARTICLE
Quebec
Sir Wiliam Price
Price Brothers Company
Eni
Kenogami
Will'em
Bears and Utility Stocks Turn Market Movements In New York
Heavy selling of local public utility issues curbed the upward stock trend in New York trading. Several issues hit new-year peaks, including United States Distributing and Montgomery Ward, while grain and cotton gains diverted sentiment toward commodities. Miscellaneous rails and utilities fluctuated, with Missouri Pacific and Gulf Mobile & Northern improving, and Nash Motors dropping.
MENTIONED IN THIS ARTICLE
New York
Ist
Pr Ces
United States
Common
A and B
Montgomery Ward
Railway Steel Spring
St. Joseph Lead
Foundation Company
Hadio Corporation
Simmons Red
Goodyear Tire
Spicer
Frisca
Missouri Pacific
Gulf, Mobile and Northern
Silver’s rise and impact on mining profits in 1924
The text reviews silver’s shifting value from a declining role to a renewed money standard in the Far East and Europe, noting China’s use and India’s adornment demand. It cites a seven cent price rise in 1924 and estimates profit gains for major producers like Anaconda Copper, American Smelting, and U S Refining from last year’s 1.427 billion ounces processed.
MENTIONED IN THIS ARTICLE
Far East
China
Europe
India
Anaconda_ Copper
Senator Dial Fights Cotton Futures Proposal at Board of Trade
Senator Dial of South Carolina announced opposition to the Chicago Board of Trade plan to deal a cotton futures for delivery at Galveston or Houston, arguing it would demoralize the market. Trading was set to begin October 10. He filed a protest with the Agriculture Department under the Cotton Futures Act and urged law amendments if delivery is deemed lawful.
MENTIONED IN THIS ARTICLE
Wasilington
Dial
Democratic
South Carolina
Chicago Board of Trade
Gialvaste
Houston
Department of Agriculture
Weather and crop notes from the Carolinas and cotton region
Telegraph summary reports cold weather and drought in the South from North Carolina to Arkansas affecting cotton. Prospects for a top crop are poor as two weeks of drought caused shedding, with weevils and rains damaging bolls and delaying sprouting. Prices quoted by Hirsch Litenthal and company include December 24.80 and 24.75, with other figures for January and March.
MENTIONED IN THIS ARTICLE
New York
South Frest i
Carolina
Alabama
Mississippi
Arkara
Hirsch, Litenthal and Company
Main Street
Roar
Two Year Manila Strike Settled Resumption Planned
Dublin reports a two year shipbuilding strike ending. Workers will return to work Monday as the settlement takes effect and production restarts.
MENTIONED IN THIS ARTICLE
Manila
Dublin
Weekly Statement of Federal Reserve Bank of New York Oct 1
The weekly statement shows the New York Fed’s condition at close of business October 1 with total reserves at 907.9 million and total deposits at 564.1 million. Earning assets amount to 316.1 million while total reserves and notes in circulation contribute to a 76.19 percent ratio.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
Ehowa
Federal Reserve
Commodity Prices New York Cash Prices for Staple Goods
New York listings show current cash prices for staple commodities with a comparison to quotations from one year ago. The report notes changes in cost across key items such as grains, meats, and dairy products.
MENTIONED IN THIS ARTICLE
New York
Money market status in New York with mixed collateral notes
Money conditions in New York show steady rates with high bids at 2 1 2 and offers around 2 9 4. Last loan rates hover near 2 1 3 with a 60-90 day range and 4-6 month prima commercial paper noted at 2 1 4 to 2 8 4.
MENTIONED IN THIS ARTICLE
New York
Tims
Prima
Frisco Railway Bond Market Dominates Trading Day
New York October 2 heavy buying of Frisco railway issues led the bond market with strong demand for Frisco Income and Adjustments after a record high in preferred shares. Prices were narrow with a firm undertone as directors reportedly consider a first dividend on common stock. Other Western rail liens rose briefly on merger news, while Brooklyn utility issues faced selling pressure ahead of new bond flotations. Kuhn, Loeb disclosed a Penn Railroad sale of 850 million forty year bonds through a public offering at about 98 1 2 yielding roughly 5 10 percent.
MENTIONED IN THIS ARTICLE
New York
Ividenda
D’rectora
Wabash and
Peoria & Eastern
Brooklyn Horizon Company
Brooklyn Edison
Brooklyn Union Gass
Brooklyn Edison Fssue
Kuhn, Loeb and Company
Pennsylvania Railroad Company
Publi
Local produce market shows weak demand for late summer vegetables
Market notes indicate slackened demand for late summer vegetables despite steady supply. Apples and peaches rise in prominence with McIntosh prices around 6 to 6 1/2 dollars per barrel above earlier averages. Prices for pears and grapes remain varied, while vegetables such as peppers beans carrots and lettuce see mixed buying strength.
MENTIONED IN THIS ARTICLE
State Board of Agriculture
New York Elder
New York
Maine
Hennery
Man Sues Crane Company for Ten Thousand
John Toorke files suit against Crane Company seeking 10000 dollars claiming permanent injuries suffered in 1919 during employment at the defendant firm. He fled ouit yesterday to file the action.
MENTIONED IN THIS ARTICLE
John Toorke
Liberty bonds rates and bids listed by the U N Y report
Liberty 3 1-28 at 100.28 with bids on First 49 at 102.8 and Second 48 at 101.12. First 4 1-48 at 102 15, Second 4 1-48 at 101.17, Third 4 E-46 at 102.2, Fourth 4 1-48 at 102.17. Treasury 4 1-48 at 106.1.
MENTIONED IN THIS ARTICLE
Alaska
Bosch
BO & Fr
Fasco
Ches & On
Chi Grow Ate Sa
Dl&w
Dupont
Fleighmann
Freeport
Haven
Houston
Piper
Mariana
K & T Pt Ag
Mont Ward Ae
Norf & West
Amer
Nor Pacific E
Gila Bly
Bisiae
Phila Co
Phil Mor
Phillips Pet
Pierca
Roy D
Savage Arms
Boo Spleer St Gas & HB
Studebaker
Steelie
New York
Liberty
Treasury
Foreign exchange rates and treasury balance reported
New York foreign exchange rates shown for Great Britain France Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugoslavia Austria Roumania Argentina Brazil Tokio Montreal with varied demands and cables. Treasury Balance report lists 413 583.85 dollars.
MENTIONED IN THIS ARTICLE
New York
Foreign Exchange
Eaay
Quotaponscenta
Great Britain
France
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Scedio-Sloviakia
Jugoslavia
Austria
Argentinas
Brazil
Tokio
Montreal
Miners Protest Eviction Sent To President
Miners in the North Virginia field protest alleged wage cuts and home evictions by Bethlehem Steel Corp. in a telegram to President. The message, signed by international representative Van Bittner, claims armed guards were imported and machine guns stationed to terrorize families. The union vows resistance and appeals for government action to enforce the law in West Virginia and beyond.
MENTIONED IN THIS ARTICLE
T Fairmont
W. Va
North Virginia
Bethlehlem Steel Corporation
D Kota
Barracksville
Vanv Bittner
Baltimore
Meseaxe Contin
Wan Tai
United States
Bethlehem Stee
West Virginia
Samuel Untermeyer
New York
Also Mentioned on This Page
Frisco
Fidelity Loan Corp
Middle St
Cordoba
Ming Heating Plumbing
W. J. Wade
Hawley Ave
van Sweringers
Hirsch, Lilienthal and Company
U. S
Soo
Gale American
Brooklyn Edition Company
United Distributing Common
Preferred
Nash Motors
Atx
General Electric
American Water Works
Bu Pont
Associated Dry Goods
General Baking
Cal
Aporocl Adnenies
BOO
Board OF Trade
Federal Reserve Bank
Mesa
Frisco Railway
Pricas
Sues Crane Company
U. & Treasury
Washington
Presiden
Louisville Courier-Journal
Chalmers Avenue
Chalmers Avenues
Wood Park
H.L. Blackman & Son
Fairfield Avenue
Bridgeport, Conn
Bamum
State Bank
Commissioner Mutual Finance Investment Co
Main Strees
City Savings Bata Bldg
United Loan Corp
Sagar Bidg
Fairfield Ave
Cor
Barnum
Bridgeport Hydraulic Co
Frank C. Brotherton
Alway Row
Beneficial Loan Society
Main &T
G. C. Berker & Co
Investment Securities
Johnson Building
Main St
Bridgeport
Cons
New Haven
Allis Chalmers
U. S. Rubber
Studebaker American
W. F. Hammond, Jr
Mgr
Bonds Bank Stocks
Connecticut Securities Investment Service
Instituctiona
E. B. Merritt & Co
Bridgsport, Cons