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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 29, 1941
Page
20
Latest stock reports available at time of publication include Zenith Radio quoted at 8 percent and other NYSE listings. Finance notes reference market activity and price movements for the period covered by this edition.
New York traders resumed a selective recovery as heavy opening tax selling was absorbed. Early leaders included American Telephone, Santa Fe, New York Central, Southern Pacific, Western Union, Kennecott, Dow Chemical, Allied Chemical, Johns Manville, Woolworth, Sears, Du Pont and Bethlehem Steel. General Motors, Chrysler and several others lagged. Tobacco makers fell after a Price Administration signal. Bonds and commodities held steady amid an air of oversold relief and cautious mood.
Special Radio report from Honolulu describes life aboard a Navy transport sailing California to Hawaii in wartime. Troops endure blackout drills firework depth charges and tight security while maintaining morale with improvised bands and yarns.
Occasional light snow and continued cold tonight in Syracuse as forecast by U S Weather Bureau. Monday temperatures range from mid teens to mid twenties with overnight low near 25 and daytime highs around 12 to 20 degrees.
Regional Market New York reports pullet eggs at $8.10 to $8.40 per crate after a 30 cent drop on Saturday and another 30 cent decline today. Large and medium eggs held firm after Saturday’s decrease as carrot prices per bushel rose 10 cents to 85 cents to $1. Market notes mixed current prices across butter cheese and produce with varied ranges for eggs whites and yolks and broader farm commodity movements.
New York market notes moderate supplies for apples yellow onions and potatoes slow for cabbage pears and red onions. Prices vary by region quality with Rhode Island Greenings and McIntosh in demand and mixed cabbage and onion values across upstate and Long Island markets.
Two Syracuse residents filed bankruptcy petitions in U S District Court in Utica. James Novack of 2014 Lodges Street shows debts of 1103 dollars with 100 dollars exempt. petition filed by attorney Anthony Smith. Joseph E Anderson of 409 Wilkinson Street lists 454 dollars debt and 200 dollars exempt. petition filed by attorney Philip Schleit.
The Agriculture Department reports trouble in increasing winter wheat and rye seedings, with unfavorable fall weather and labor shortages. Early severe winters in Romania and southern Europe threaten a third wheat shortfall, while Germany and Italy struggle to raise acreages.
Call money steady at 1 percent for short open market bills and prime commercial paper. Treasury balance shows receipts 13.97 million, expenditures 155.93 million, net balance 3.46 billion. customs receipts 29.07 million for the month.
Preston Grover, a Utah native and Associated Press correspondent, describes walking ahead of a British armored column near Benghazi to quell rioting Arabs in Barce. He helped organize Italian reception committees, met the mayor and police chief, and escorted armored cars to the town as looting ceased.
A brief list of nominal prices supplied by the quotations committee of the Central New York Securities Dealers. The document records market values for various securities as of December 26, 1941.
The Moscow Conference with Eden and Soviet leaders explored strategic supply and alliance questions. Reports suggest discussions touched on the Dardanelles and Baltic issues, with potential Russo Polish frontier talks and continued US-UK-Soviet cooperation for postwar security.
New York editorial notes steel company output and war effort amid a national crisis. It cites a 1944 production record of 29 million tons and urges unity, sacrifice, and fair government action to defeat enemies and preserve American life.
The New York rate listing shows Canada official control board rates for US dollars with a 10 percent buying premium and 11 percent selling premium. It notes Canadian dealers in New York opened at a 13 15/16 percent discount, equating to $6.06 in U.S. cents per Canadian dollar. It lists Great Britain official rates and open market cables, plus Argentina Brazil and Mexico spot cable rates with brief changes.
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