Stocks Hold Narrow Supply After Weak Bank Statement
After an unexpectedly sour bank report stock offerings dwindled as traders faced limited supply. Despite a broad favorable business tone and strong rail earnings, bears lose ground while investors await Washington policy moves and a potential longer run of gains for patient holders. Atchison rail October earnings surge, signaling improving conditions and possible further gains ahead.
MENTIONED IN THIS ARTICLE
Washington
Congress
Berlin Week in Boerse Sees Light Trading and Shifts
The Berlin Boerse reports an uneventful week with light trading. Domestic government and Prussian consuls rose, foreign shares fell in Spaniards Mexicans and Chinese, while Canadians sold on New York weakness but gained strength at year end. Coal shares declined as iron prices fell and trade demoralized.
MENTIONED IN THIS ARTICLE
Berlin
Boerse
Herr Krupp
Krupp
Department of Foreign Securities
New York
Mexican railroad merger signals consolidation plan
In Austin on November 30 the resignation of L M Johnson as General Manager of the Mexican International Railroad is reported as the first step toward combining the Mexican International with the Mexican National. Both lines are Harriman properties and the Mexican International offices may be closed with operations run by Mexican National executives from Mexico City. President J G Metcalf has been in New York arranging the transfer, with formal consolidation expected around January 1.
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London
Stock Exchange
South America
Wall Street
International Mercantile Marine Company
New York Times
Austin
Texas
L. M. Johnson
Mexican International Railroad
Mexican National
Harriman Syndicate
Mexican International
Mexico
J. G. Metcalf
The
New York
New York & St. Louis Mining and Manufacturing Company
Broadway
Manhattan
New York City
N. Y
Harry R. Danner
Department OF Finance
Bureau
Chambers Street
Stewart Building
Borough OF
Borough OF the Bronx
Third and
Tremont Avenues
Bronx
N.Y
Brooklyn
Esses
Queens
Jackson Avenue
Fifth Street
Long Island City
Richmond
Hay and
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Greater
David E. Austen
State OF New York
Board of Railroad Commissioners
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Union Railway Company
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D.R
Fifth Avenue Hotel
E. C. McEntee
Supreme Court
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180Th Street
New York University
Edward M. Grout
Bryan Kennelly
Riverside Drive
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Jacob A. Cantor
Want Salt Trust Receivers Discharged
Newark N J November 30 Action to be brought before Judge Andrew Kirkpatrick in the U S District Court to set aside the recent appointment of receivers for the National Salt Company and annul bankruptcy proceedings. The challenge asserts lack of jurisdiction as receivers were already appointed by the Chancery Court on the Directors request claiming insolvency.
MENTIONED IN THIS ARTICLE
Salt Trust
Newark
Andrew Kirkpatrick
United States District Court
National Salt Company
In Divisions of Issue and Redemption RESERVE FUND
A brief notice outlines divisions of issue and allocation of a reserve fund. It states the creation or management of funds and the financial framework guiding redemption or repayment plans.
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