Steel Firms Abandon North American merger plan
New York Sept 26 The proposed merger of Inland Steel Midvale Steel and Ordnance and Republic Iron and Steel will not proceed after the Federal Trade Commission ruling. Bankers balked at financing, surprising the financial district as stocks reacted with losses and declines in Midvale and Republic shares. Inland Steel is not listed on the NYSE.
MENTIONED IN THIS ARTICLE
New York
Imerger
Inlang Steel Company
Midvale Steel and Ordnante Company
Republic Tron and Stock Company
Federal Trade Commission
M Vale Steel and Advance Company
Brock
Boar
Financial District
Rtepublic Iron and Steel Company
Poin Midvale Steel
Ordnance Shases
Inland Steel
New York Stock Exchange
Grain Market Remains Higher Amid War News
In Chicago wheat rose on war fears as buyers pressed for December and May contracts. The market closed with a net decline for most, while September held near the top. Corn and oats finished unchanged amid mixed demand and logistical issues. Officials noted 160 million bushels less production in importing countries and export outlook at 12 to 15 million bushels weekly through February.
MENTIONED IN THIS ARTICLE
Chicago
Dardorelles
Liverpool
Brruceteely
North America
Seaboard
Bears Rally Lifts Prices as Market Clashes Dull
New York report shows bears renew attack on prices in the Greek market with some short covering near the close. Heavy order flow and pool activity weighed on top issues, but overall market resistance kept declines limited. United States Steel withstood selling pressure amid reports of strong orders. Republic Steel faced larger losses on merger rumors. Oil shares steadied, Coca Cola advanced, and notable gains posted in Standard Oil California and New Jersey. call money climbed to five percent as trading totaled about 1,050,000 shares.
MENTIONED IN THIS ARTICLE
New York
Specula- Myo
Ure
United States Steel Common
Republic Steel
Lima
Baldwin
Mexicen Petroleum
Standard Oils
Salifornia
New Jersey
Coca Cola
Dupont Powdey
National Biscuit
Asia Minor
Smyrna
Cotton Mills Busy at Two Year Peak in 1923
Washington reports cotton mills across the United States show record business volume, with August consumption near 1.0 lakh bales, about 15 percent above pre war averages and nine percent higher than last year. Officials project monthly mill consumption around 500,000 bales through year end unless new issues arise.
MENTIONED IN THIS ARTICLE
Ralph F.couch
Washington
United States
Tyig
New England
Tyne
Commerce Department
Two More Banks Raise Savings Interest Rate
The Bridgeport Savings Bank and the Fairfield Trust Co announced increased savings rates from 4 percent to 4.5 percent annually. Deposits received on July 1 or after will earn the higher rate with the first dividend dated January 1. Dividends are credited semi annually.
MENTIONED IN THIS ARTICLE
Bridgeport Savings Bank
Fairfield Trust Co
Mutual Savings Banks
State ‘Bank and Trust Companies
Alae
Eginning
Fairfield Trust Company
PIS
Bridgeport
Metal Market Report From York
Copper electrolytic spot and futures 14 steady with spot at 22.37. Iron prices firm with No.7 Northern 34.009 to 85.00 and No.2 Northern 32.00 to 43.00, No.2 Southern 25.00 to 27.00. Lead steady at 6.25 to 4.50, Zinc firm with East St Louis spot 9.84 to 6.96. Antimony at 7.0.
MENTIONED IN THIS ARTICLE
Low
Lawlee
Chem Rum
WOO Asn
tLé& Sa
Lis
Nity Ag
Nichay
Bald Joyce
Balt & Ohio
Loli Beth St
Gan Pacific
Ches & Ohio
John Bats
Goodrich
Pte
Lima
Lee
Lehigh
Ann Arak
Marine
Petra
Apt
Air Line
Stara Roe BR
Igacin Sinclair
Gut
I Mai
Ciutetsker Ome
Texas
Texas Pac
Tidens
Bi West Union
Rick Stoet
Woolworth Walt
Je York
Iron
Northern
Southern
Len
East St Louis
Curb Market Sees Early Firmness Amid Profit Taking
New York curb market opened firm on short selling by floor traders and commission houses. Numerous gains in miscellaneous issues, with several new high records for outside buying. Brooklyn City Railroad hit its highest price since receivership, Amalgamated Leather reached a new high, and trading showed erratic movement with profit taking in some issues.
MENTIONED IN THIS ARTICLE
New York
Brooklyn City Railroad
Ilen Alden
Pittsburgh
Standard of
Magnolia
Petroleum
Vacuum O
Gulf of New
Foreign issues fall to lowest levels in weeks
New York Sept 23 Weakness in French and Belgian issues pushed bond prices to several weeks’ lows as tensions over the Near East rise. Belgian and French bonds fell. some issues dropped 1 to 1 1/4 points while others gained fractional. Rail and select corporate issues showed mixed moves with notable declines in certain 3% to 6% bonds and a few gains in others. Total sales amounted to $16,493,000.
MENTIONED IN THIS ARTICLE
New York
Aept
Sever
Tates
Soissons
Bordeaux
Marseilles
Chicago & Greatwestern
Stock Island
Pennsylvania
Consolidated
Southern Railway General
Pax & Alton
Eric Renevald
Cerra de Pasco
Invincible Gi
Appfon
Hacker
Repo
Stec
Wilson
Sterling falls as dollar demand rises in New York
Foreign exchange market in New York on Sept 28 saw demand for Sterling slip below F4.09 as heavy dollar purchases in London, plus anticipation of Near East developments, cooled Sterling. Quiet activity elsewhere in Europe with muted rates for Antwerp, Amsterdam, Genoa, Stockholm, Christiania, Copenhagen and Switzerland.
MENTIONED IN THIS ARTICLE
New York
Near East
Antwerp
Amateriam
Genoa
Btockholm
Christiania Turp Copeningen
Switzerlind
Liberty Bonds Produce New York Dairy Prices Report
Liberty bonds and dairy market notes from New York dated Sept 26 to Sept 28. Dairy prices show higher creamery products, fresh extras, and strong market for cheese with varied milk and fat prices across states. Monetary market summary reports firmer call money, with close and loan rates at 5.25 percent and 4.0 percent respectively.
MENTIONED IN THIS ARTICLE
York
Creamary
Jigher i
Dow
Tun Rao
New York
Caltis
Also Mentioned on This Page
Nie
Street
Barnum
Equitable Industrial Loan Society, Inc
Fairfield Ave
E. B. Merritt& CO
Main St. Barnum
New York Central
Aig
Science Service Vmh.ol
Ebarnum Beneficial Loan Society
Liberty Building
Main St
We Banking
Bridgeport Chamber of Commerce
Witeal
Rio
N. Ee
Stier Lrad
Te & Nyaga
Mid-uplands
Sane
Metal Market
Liberty
Fairfield
TUF Fairfield Trust CO
Fairfield, Conn
Oak Street
Main Street
North Avenue
Seaview Avenue
Trumbull Road
Seaview Ave
Lake Boat Company
Stratford Ave
North Ave
Golden Hill St
Water St
North Bridgeport
East Main Street
Brooklawn
Stratfield
East Main St
Park Ave
Fairfield Town Line
Statford Ave
Brooklawn Ave
Stratfield Road
Stratfield Church
Boston & Central Aves
North & Brooklawn Aves
North
Boston
Central Aves
THE
Connecticut Company
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