World Debts Grow Since Armistice, Bank Review Shows
Twenty months after the armistice, world national debt totals about 263 billion dollars, up from 44 billion prewar. The rise centers on European nations and colonies, with Britain, France, Germany, the United States, and other powers showing vast increases. Canada and Australia add to the surge, while Japan’s debt appears to be funded domestically.
MENTIONED IN THIS ARTICLE
France
O. P. Austin
National City Bank
Ms. Austin
North America
Serich
United States
Canada
Tiose
South Arctica
Asia
Afric
Oceania
Britin
Italy
Russia
Germany
Austro-Hungary
Great Britain
Belgium
Jean
Australia
Japan
Iass
Poland
Turkey
Foamy
Hungary
Europe
Huapeetive Pew
E Pe
Austria
Stock Exchange Totals Yesterday Record Volume and Prices
Transactions Yesterday show railroad stocks leading gains with mixed results across industrials and bonds. U S government and railroad bonds moved within narrow ranges while equities such as American Can, Am Ship and others fluctuated, highlighting uneven activity across sectors.
Trading Continues Dull on the Curb Prices Hold Steady
The curb market remained dull with little outside interest and most trading by professionals on both sides. Demand was weak, causing prices to stay near last sale levels while a few names like North American Pulp and Paper saw pressure. Submarine Boat United Retail Candy and Indian Packing showed tight demand with narrow price moves.
MENTIONED IN THIS ARTICLE
United Retail Candy
Indian Packing
Petroleum
Simms
Invincible Oil
Internatinal Petroleum
Maracaibo
F. H. Bethel
White Oil Corporation
Crown Oil Company
Federalerand
Crown Ol and Refining Company of
Texas
Stock Market Holds Dull Tone Amid Weak Trading
The market showed no major shifts with activity under 300000 shares as money tightness kept speculation subdued. Some steel and industrials showed strength while overall prices barely moved. A 11 percent call loan rate eased to 9 percent at close, with hopes for lower rates after month end. London gold shipments of 2 million dollars arrive today amid reports of Transvaal production.
MENTIONED IN THIS ARTICLE
Wall Street
Financial
Interstate Commerce Commission
London
Transvaal
Gold flows and rights stir Wall Street amid July outlook
Wall Street opens with talk of Mauretanin and Olympic gold consignments to Kuhn Loeb Co and J P Morgan Co for Anglo French maturities. Banks anticipate limited new gold and expect sentiment to improve only after July Fourth. Oil securities draw European interest as Cadman notes Britain’s 434 percent share of world output. American Woolen rights trade fluctuates as a $20 million stock issue nears July 7 subscription.
MENTIONED IN THIS ARTICLE
New York
Kuhn, Loeb & Co
Olympic
3. P. Morgan & Co
Neing
James Cadman
Great Britain
PF. W. le Porin
Henry L. Doherty & Co
Comushy
Oil Service Company
Europe
Mr. le Povin
Afrin
Prr
Peaceful Penetration of Jugo-Slav Currency and Texas Pacific Gas Field
Central Europe sees a sharp rise in Jugo-Slav currency against the American dollar aided by large purchases to acquire properties. In Texas, Texas Pacific Coal and Oil opens a Dallas Fort Worth gas field with three wells near their lease boundary. Lone Star Gas contracts to buy nearly all produced gas and builds a connecting line. Geologists anticipate possible oil as well as gas, with a test well underway.
MENTIONED IN THIS ARTICLE
Central
Europe
Texas Pacific Coal and Oil
Texas Pacific Coal and Oil Company
Dallas
Fort Worth
Texas
Fee
Lone Star Gas Company
Texas Pacific
Copper Prices in London and Shell Transport Earnings
Copper in London shows limited impact on American refiners as foreign buyers pay U.S. prices amid thin foreign supply. London dealing totals about 8 cents per pound over two months, driven by money market conditions. Shell Transport & Trading profits for 1919 reached 7 pounds, with exchange adjustments translating to about 15.85 million dollars, while Shell American holders must pay 10 pounds per new dollar stock share by August 14.
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New York
London
C. Sub-Treasury
United States
Montreal
Belgium
Eble
Sweden
Denmark
Norway
Greece
Manila
India
Japan
Argentina
Cabes
Rio
Brazil
Slovakia
Tew
France
Fedieval
Shell Transport & Trading Company
Seviews
Josep Walker & Sons
Shell Transport American
Paris Market Irregular Trading on the Bourse
Paris reports irregular activity on the Bourse with quotes showing three percent rentes at France 87 centimes and exchange on London at 47 France 81. The five percent loan stands at 88 francs 25 centimes and the dollar is quoted at 12 France 3 centimes.
MENTIONED IN THIS ARTICLE
Paris
Pricon
France
London
London Money Market Update From June 2
London money market reports bar silver at 50 44 per ounce and bar gold at 1023 Td. Money rates stand at 4 percent, account rates at 6 percent, three month bills at 11 18 percent, with a Lisbon gold premium noted at 140.
MENTIONED IN THIS ARTICLE
London
Lisbon
Break in Cotton After Small Gain Records New Lows
Violent price swings in the cotton market yesterday with an early surge followed by a decline to new lows for the month. October contracts tumbled from 38.44 to 32.03 while July rose to 96.20 before pulling back, amid reports of uncertain demand, short covering, and improving crop prospects. Southern spot quotes eased, and domestic mills eyed lower prices as market activity remained unsettled.
MENTIONED IN THIS ARTICLE
Lar Casure
Hearst
Forth
Savannah
Wheat Declines in Minneapolis Grain Market Amid Weak Demand
Wheat prices eased in Minneapolis with 2 to 15 cent declines as export demand remained limited and selling centered on hard and first half August shipments. Reports from Kansas noted scarce buyers and ongoing liquidation pressure while transportation congestion and late-month shifts influenced prices.
MENTIONED IN THIS ARTICLE
Minneapolis
Eprint
Mpolis
Comte Kauss
Seaboard
I Saugen
Corea
Ihn
Heh
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