Foreign bonds decline amid near east tensions market shock
New York September 2 The bond market showed notable weakness in foreign issues amid a softened Near Eastern situation with losses across Queensland 8s Japanese 6% French 7 1 22 Belgian 5 1 24 and Sevie 7s while United Kingdom 51 25 of 1237 Queensland 63s Dutch East Indies 6g of 1967 Argentine Ss and Rio Janeiro Ss also fell. Domestic list weakness followed with St Paul convertible 4 1-25 and declines in Minneapolis St Louis funding 4s Atchison and Chesapeake and Ohio convertible Ss along with Norfolk and Western convertibles. Some issues rose including Distillers Securities 3 5 up 21 2 points and Nassau Electric 4s. Liberty issues up 10 4 par values. Principal offering was Anfesuc of $6,009,000 41 4 per cent Lands of Detroit sold to yield 41 8 per cent. Northern Pacific rumored to offer $2,000,600 to $5,000,000 of 4 1 23 per cent equipment trust under Philadelphia plan.
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New York
Queensland
Sevie
United Kingdom
Dutch East Indies
Ric Ne Janiero
Cuba
St Paul
Minneapolis
St. Louis
Atchison
Chesapeake and Ohio
Norfolk and Western
Reneral
New Haven
Invincible Oil
Chile
Philadelphia
Curb Market Sees Sharp Shifts Amid Whelan Deal Buzz
New York curb market trading showed erratic price moves with professional interest dominant. Schulte Stores drew attention on renewed talk of benefits from expansion with Whelan interests while United Retail Candy and Toebacci Produccts Exports edged easier. Mining shares stayed active and easier, bonds quiet and barely steady.
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New York
Curb Exchange
Schulte
Whelan
United Retail Candy
Toebacci
Durrant
Paerkard
Goody Y Rubber
Cavan
Standard Oil Lgdues
Standard of New York
Vacuum
Standard of Kansas
Prairie Oil
Gulf of Ways
Standard of
Copper futures edge down on steady New York market
In New York on September 22 copper prices edged lower as electrolytic and refined futures traded around 24.00 to 22.99 cents a pound amid a quiet market with little change in demand.
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New York
T Fem
Connecticut bankers oppose branch banking at New Haven convention
Connecticut bankers adopted resolutions at a joint meeting in New Haven opposing any state or national move to authorize branch banks. The speakers argued branch banks threaten small communities, raise unfair competition, and could erode local control, with debate referencing California experience and pending federal bills.
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Connecticut Bankers Assatrian
Connecticut « ‘Association of State Bank and Trust Companies
Taft
New Haven
Thig
Declaredi Rvica
Suth
Tle
California
St Booth
Bank of
Waly
Nathonal
Migst
Bridgeport Savings Bank
Bridgeport Savings Buok
John N. Brooks
Brooks Bank “Trust Co
Lurerington
Hiv
Aysonatloy
Bridgepark
Yale
A. E. Wasterfield
Prince Wss
Federal Reserve
Westfield
Renéral
Pri
Wis Brown
Stace Balery
Bank Glouk
Wren
Professor Weatfield
John M. Braols
Torring
Yiel
Willis HH. Booth
Guaranty Proust
New York
Postal savings decline in Bridgeport August totals
The Bridgeport Post Office reports August postal savings deposits down about 12 percent from July, with a year to year drop around 26 percent. New accounts rose slightly, withdrawals rose, and total August settlements reached 22 408. Treasury Savings Certificates sales were the lowest monthly total of the year aside from May.
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Postal Savin Department
Bridgeport
Uhdrewatta
Auysust
Rayale
Ttig
United States Treasury Savings
Lyie
Pagtal
Savage Department
Social Post
U S Leads In French Import Trade Share
The United States captured the largest share of French imports in 1921 and 1924 figures show US shipments to France rising 47 percent since the pre war period. England, Germany, and Belgium followed with substantial but lesser totals. Algeria and Argentina appear among other notable traders.
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Washingtu Ta
Alward Jiusi
Departien
Golqty
France
England
Germany
Svas
Wiles
Lieved
Ltt
Fie
Tradit Mavions
Lew Att Ailten Neytions
Rene Depriand
Belgium
Algeria
U.S
America
Erroneous Turks Report Triggers Shorts Frenzy
Turbulent market day driven by an erroneous rumor of Turks entering the neutral zone sparks heavy short selling and liquidation. Prices swing across futures, stocks, oils, and rail shares as traders react to fear of a regional flare up and shifting currency bids in Canada and Europe.
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Syork
Hutk Agali
Urading
Foreign exchange rates in New York steady on Sept day
Call money easier with high 1 2, low 1 2. Rates for loans firmer at 4 1 2 to 5 1 2, acceptances 4 1 3, time loans mixed collateral. Prime commercial paper 1 4 to 1 2.
MENTIONED IN THIS ARTICLE
LHW
York
Ato Joan
Peoples Savings Bank Declares Higher Dividend Rate
The Peoples Savings Bank announced that starting with the last day of the current year, dividends on deposits will be at 4 1 2 percent annually. The change, approved by the Board of Trustees, reflects the bank’s solid earnings and mutual savings status. The bank now ranks among about fourteen of 74 state banks paying above four percent. Leaders anticipate more mutual banks may follow this action.
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Peoples Savings Bank
Willis H. Lyon
Board of Trustees
People’s Savings Bank
People's Savings Bank
New York Dairy Market Report Sees Mixed Cheese and Milk Prices
New York market notes show creamery extra and state dairy tubs firming, with whole milk at 23 15 2te 24¢ and average pump around 28c. Prices for fancy young American and nearby whites vary, while lower grades slip to about 19 1 2 to 20, reflecting a mixed dairy market.
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New York
Emand
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