Signs of Business Activity Shown on Stock Market
New York May 31 reports a quiet week in financial markets yet shows rising business activity. Gains are modest across basic industries with improving textile markets and steady debt funding, while commodity and gasoline prices rise and steel output stabilizes. Freight car loadings reach yearly highs, signaling stronger trade despite limited overall momentum.
MENTIONED IN THIS ARTICLE
New York
United States
Aim
Sterling Exchange
Hoost
Tan voMne
April railroad earnings show revenue declines amid upgrades
The April reports indicate lower railroad revenues as carriers push efficiency and invest more in improvements and repairs. In manufacturing, the motor industry remains a leading sector with record sales and production, boosting automotive shares.
Bond market shows weakness after early strength
New York reports a week of uneven bond activity with prices failing to sustain early peak levels. Profit taking and retreating investment demand hit railroad and industrial liens while money rates firmed and banks prepared to leverage the U S treaty financing. A few large sectors remained active though, with some issues below prior highs. Competition among American bankers for foreign launches grows as divestment circules.
MENTIONED IN THIS ARTICLE
New York
Prices and the dollar index from historic commodity values
An economic study by Prof. Proteassy of Vaile University compares base commodity prices with the dollar's purchasing power since before World War I. It shows last week’s index at 158.0 and purchasing power at 85.8, with May average around 159. The findings track how the dollar’s value has shifted over time.
MENTIONED IN THIS ARTICLE
Proteassy
Irving Fixer
Economica
Vaile Mniversity
Esiele
Sun Hat
Norway bonds sell at 6 1 2 percent amid world loan rally
A Norwegian bond issue arranged with J P Morgan and National City backed by a Blair group outbid Morgan for 320 million dollars. Proceeds retire 8 percent hands and seed lower rates. Argentine and other foreign loans also feature, with Morgan group pricing 9 6 yielding 6.25 percent to retire dollar notes and consolidate debt. Real estate boards back tax revision and city entrance fronts while opposing rent control. Thomas Chandler, a deaf mute, deemed mentally unfit for trial in Wales.
MENTIONED IN THIS ARTICLE
J. P. Morgan and Company
National City Company
Blaie and Company
Morgan J [Group
Norway
Denmark
Morgan Group
Blair and Company
Treasury
Argentina
National Association of Real Estate Boards
Dallas
Texas
Congress
District of Columbia
Charles G. Edwards
New York
Association
Canal blamed for St Pauls trouble in report
Spokane May 31 The statement by H Vo Byram former president of the Chicago Milwaukee and St Paul railway ties water competition via the Panama canal to financial woes. Intermediates Rate association GM James A Ford reports 1924 canal traffic 5,217,606 tons versus 627,764,000 tons by western class one lines. If canal traffic had ceased, western tonnage would rise by less than one percent.
MENTIONED IN THIS ARTICLE
Spokane
H. Vo. Byram
Chicago, Mibwaukee and
St. Paul
Panama Canal
James A. Ford
Intermediats Rate Association
Ford
Praise and tribute mark mem orial day in America
Washington, May 41. Celebration of memorial day by the nation’s citizens, including diverse creeds and races, was described by Dwight Davis, secretary of war, as typical of American life. He spoke in a Ne wbury church about heroes in official capacity and congregational land, noting unity among Jews Catholics and atheists who live, work, and contribute together for the nation. Mexico imposes a stamp tax to stamp out the grasshopper.
MENTIONED IN THIS ARTICLE
Dwight Davis
America
Washington
Ife
Davis
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Herbert Frankenberger
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Charleston, W. Va
Bond-Rider
Jackson CO
Charleston, W. V
Empire Tires
Cablish Brothers
Phose Capitol
Capitol
THE
National Audit CO
Kanawha National Bank
Charleston
W. Va
J. H. Vickers
New Washington St
Dupont
Duco
Young Foundry Co
Albans
Fhones
oMlee
South—Shop
O. C. Butler Binder and Ruler
Ohio Avenue
Griffith & Griffith
W.va
Side Foundry & Machine Works
Capita
W. Re
Kanawha
P. O Bor
Kanawha Audit Company
Accountants & Auditors
BYVES
Davidson
Charleston - W. Vs
Washington Street
Nelson ‘Transfer and Storage CO
Chamberlin
Unbar, W. V
P. M. MacCutcheon & Company
Auimtors and Accountanta Shaiv
Cuakleston
TW. Va
Automobile Dealers
Dpiston Lina
Motor Car Supply
Klyxon
Bartlett, Inc. Funeral Directors Ambulance Service
Charleston St. Tel
Cap
Charleston Engraving Company
Hale Street
Charleston Machine and Welding Company
Penarth
Wales
Thomas Chandler
Ile
Charleston, W. YA
Atten Ty
Opinion Oil Service Company
Capitol Office Supply Co
Kanawila Street
Green Wharfage CO
West Virginia
John W. Laird Agency
Manrmger
Phelps and Holloran
Smith & Brooks
Sehoul
Shanes
Farris Bros
Court Street
Capitel
Quality — Service
Royal Shoe Shop
W. H. Burris
Mer
Quarrier St
Tel, Cap
James
Harrigervice
Almerson Street
H. B. Agsten & Son
Charleston National Bank
State Street
R. L. Rice Interior Decorating
Face Brick and Builders’ Supplies
Standard Brick and Supply Company
Hanawha Street
ST. Paul’s
Mexico
Virginia Welding Company
Virginia Street
East
Bowman Lumber Company
Poplar
Auber
ST. Albans
ST. Francis Hospital
Woodrum
Morgan Lumber & Manufacturing
Charleston-Kanawha
Stump
Lewis Hubbard & Comp
Anderson & Taylor Consulting Engineers
W. Ve
Peace’ Springs
FITCH
DODGE
Donnally St Capriel
Vigor
Kanawha Farm
Dai ‘Dairy
LE. Smith
Prop
U. S
C. O. Whitten Paint CO
Sign Welle
Schaal Peoples Bank
Capitol City Boiler and Machine Co., Inc
Watts Street
Blading
Kanawha Valley Pub
Becky
Sears Monument Company
Service
GEO. Weimer & Cane
ST. AT
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Fisher & Fruth
Abattior
Pennsylvania
Radios
Quarrier Street
Kelvinath
Kelvinets Whitmore Electric Co. Radio and
Sterling Gasoline Corporation
Concrete Engin Products On Inc
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Banking Capitol
Harry Barton
National Electric
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