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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 01, 1914
Page
4
A week of small market volume and price ranges in securitions notes a cautious rally possibility as holders unload. President Wilson presses for moderate reform to steady business, while concerns about labor, anti trust, and foreign competition linger amid mixed bank and rail reports.
The weekly stock table lists shares traded last week with highest, lowest and closing prices, weekly net changes, and year 1914 high and low alongside 1913 figures. Total sales reached 597,609, down from 999,800 the prior week and 1,096,400 a year earlier. From Jan 1 to date in 1914, totals are 34,045,089 versus 37,304,400 in 1913.
The market for print cloths strengthened as mills aim to secure prices and boost margins, with last week's sales exceeding 245000 pieces, about a quarter of which were spot purchases. Contracts run through July and August, some into September, and higher demand suggests reduced curtailment in the next quarter. Some mills lightly cut output and a few closed for the week as demand concentrates on 38 1/2 and 46 inch cloths while buyers seek wider runs.
The twenty eighth annual convention of the Order of Hrith Abraham opens Sunday on the Steel Pier at At Teale City from New York and nearby cities. Special trains will bring about 1,400 delegates, with Major Willa Middle of Atlantic City welcoming. Children from the Hebrew Institute will be present. Master Judge Jeon Randers will deliver remarks and Max I Hollander will read the annual report. The gathering is expected to bring 1322 people to the New Jersey watering.
Charles Padots, despondent over poor trade in Jersey City, shot himself at the Ogden Avenue bridge, then walked to Central Avenue police station to confess. He was taken to City Hospital in critical condition. He lived on Feery Street and kept a saloon at Zabriskie and Sanford.
The London market turned rosier last week with broad gains as peace hopes and steady money markets lift sentiment. Reports from Niagara Falls and speeches by German and Russian ministers foster optimism for lower living costs, easing tensions, and a rebound in bourses. The Paris outlook hints at a national refunding loan, likely late June or early July, while Bank of France preparations and holiday withdrawals affect reserves. Seaboard Air Line equipment trusts note a $4,000,000 issue secured by rolling stock with 1 percent coupons.
The Farmers' Loan and Trust Company at 19 18 20 and 27 William Street New York City lists June 1914 coupons and dividends payable at the office on and after June 1. It names numerous issuers including Albion Gas Light, Armour and Co, Braden Copper, Chesapeake and Ohio Ry Co, General Electric, Pittsburgh Cincinnati Chicago St Louis Ry, and Woolworth Co among others with several June dates and a few misprinted items.
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