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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 24 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Jul 23, 1940

Page

7

Most Stock Leaders Doze in Quiet New York Trading

Stock market activity was muted by European war news with few steels motors aircrafts and specialties showing fractional gains in the forenoon and many losses erased by midday. Traders waited for overseas bulletins on Hitler's actions against England while earnings reports offered little stimulant. Resistant stocks included Bethlehem General Motors Carnegie Douglas United Aircraft Pennsylvania and Loft. Backward were Standard Oil of New Jersey American Can American Telephone Kennecott Youngstown Sheet Philip Morris.

New York England Bethlehem General Motors Carys Jer Douglas Aircraft United Aircraft Pennsylvania Loft Standard N. J American Can American Telephone Kennecott Youngstown Sheet Philip Morris

Bankruptcy Petition Filed Utica July 23

Multiple bankruptcies filed in Federal Court today. Anthony Salotto Sr of Syracuse reports debts totaling 3947 with no assets, creditors include Roy and Margaret Blanchette and Kitzmuller Music Co of Rochester. Stanley Mayerczak of Cortland shows 846 in debts, no assets, with Cortland County Hospital as a creditor. Michael Carraher Canton lists 4659 owed with assets 97, creditors include Eggleston, Horton Howard, and Dr. Madill. John Stickney Ithaca owes 2333 with no assets, petitions by himself. Francis Ryan Syracuse and Rose Harris also listed with debts around 548 and 157 respectively, along with Hartwell Wilkins of Verona. Gertrude Wells of Durhamville files liabilities 906, no assets. Railroad Employes Personal Loan Association of Syracuse and Madison County Trust & Deposit Co of Oneida noted in claims.

Utica Anthony Salotto North McBride Street Syracuse Roy Blanchette Ad Litem Margaret Blanchette Kitzmuller Music Company of Rochester Herbert E. Eggleston Horton Howard Canton Grant C. Madill Ogdensburg John James Stickney Second Street Ithaca Francis E. Ryan Rose Harris Hartwell Wilkins Verona Gertrude Twogood Wells Durhamville Personal Loan Association of Madison County Trust & Deposit Company Oneida

Foreign Exchange Rates in New York July 23

Currency trading outdoors shows the British pound steady at 3.81, Canadian dollar at 88.75 U. S. cents, and Swiss franc at 22.74 cents. Official and open market rates for many nations are listed, with spot cable quotes and premiums noted.

New York Great U. S Great Britain Foreign Exchange Committee Germany Finland Greece Hungvar Italy Portugal Romania Sweden Switzerland Yugoslavia Argente Free Razil Mexico Japan Hong Kong Shanghai

Treasury balance report July 20 figures released

The Treasury position as of July 20 shows receipts of 11,189,084.00 and expenditures of 27,255,806.77, leaving a net balance of 1,685,542,301.59. Working balance includes 955,620,534.46 in cash. Customs receipts for the month reach 18,485,876.06 and for the fiscal year 230,870,313.46, with expenditures at 589,063,478.04, resulting in an excess of 358,198,104.58 and a gross debt of 43,060,873,574.25. gold assets total 20,349,193,475.70 and a daily increase of 1,124,198.47.

U.S Treasury Washington the Treasury

Quotations on the New York Stock Exchange High Low Noon

The report lists prevailing stock quotes on the New York Stock Exchange at noon including notable gains and declines, with investors watching industrials and financials. Prices for key indicators and leading issues are summarized as trading pauses for market direction.

New York Stock Exchange

Regional Market Prices Slip on Lettuce Strawberries and More

Region markets report price declines for Boston lettuce rhubarb squash and strawberries as supply grows and demand remains average. Red raspberries fall to 10 cents per pint amid steady to modest wholesale activity with New York and New Jersey sources supplying greens and fruits.

Boston Commission Merchants’ Exchange

New York Heat Boosts Fruit Prices Across Markets

New York on July 23 reports heat wave pushing prices higher for lemons oranges grapefruit peaches and most melons with strong demand across state markets. Trade notes rising costs and brisk buying as summer produce remains in tight supply.

New York State Department of Agriculture and Markets

Britain to form home guard as Allies reorganize forces

War Minister Anthony Eden told the House that reorganization and reequipment of French Belgian Czech Dutch Norwegian and Polish troops now in Britain is making good progress. Britain’s local defense volunteers will be called home guard as suggested by Prime Minister Churchill.

Britain London Anthony Eden House of Commons Home Guard Churchill

New York Wholesale Market Prices July Update

Market receipts and prices across butter cheese eggs and potatoes show firmer butter with higher creamery quotes and steady cheese demand. Eggs mix ranges from 14% to 28% with white and brown varieties, while potatoes in Long Island and New Jersey No 1 Cobblers fetch 85c to $1.00 per 100 pounds as flour steadies at $5.55 to $5.80 for spring patents.

F.o.b New York Ctf Manitoba York Pacific iCoast Yellow Land House New Jersey Long Island Hudson Valley Huson Valley

Wheat Glut Closes In On Warehouse Storage

Wheat stocks surge as millions of bushels pile up in Chicago elevators and warehouses. Government measures aim to prevent a price drop during harvest while trade experts estimate up to 300 million bushels stored, with another nearly 300 million held as old wheat for five months’ domestic use. The fate of collateral loans hinges on price movements and evolving international trade conditions.

Chicago

New Minimum Pay In Hotels Approved

Albany July 23 AP The State Labor Department approved new minimum wage rates for all women and minor hotel employees. Rates from the Hotel Minimum Wage Board guarantee waitresses 26 cents an hour, chambermaids and bathmaids 33 cents, and all other women and minor workers in all-year hotels 36 cents.

Albany State Labor Department Hotel

Manitoba Heat Wave Ends With Manitoba Storm

A dam aging electrical storm swept across Manitoba after two days of 99.8 degree heat in Winnipeg. The storm disrupted power lines communications and damaged buildings from Pas to the south, including a lightning strike that shattered the Winnipeg government greenhouse chimney.

Manitoba Winnipeg Pas

Weather Watch For Syracuse Tonight Through Thursday

Wirephoto notes Syracuse weather will be generally fall like with a likely thunder shower tomorrow afternoon. Tonight will be warmer and tomorrow remains warm. Thursday should bring showers and cooler conditions.

Syracuse

Weather Conditions Across Eastern Half of Country

Weather maps show Jaren over the eastern half with high pressure over the Coast States and a low over the Northern Plains extending to the Pacific. Central Florida to the Dakotas and parts of the Carolinas report light to moderate showers and thunderstorms. Phoenix records a high of 112 degrees with warm conditions persisting in the Plains.

Jaren New England Texas Missis Sipp Meridian Coast States Seattle Wash Northern Plain States Pacific Ocean South Dakota Huron Arizona Phoenix Florida New Mexico North Missouri Ohio West Virginia Virginia North Carolina South Carolina Atlantic Pacific Long Island Delaware Plain States Ariz

Market May Be Leased to Theater Firm

Ogdensburg officials consider leasing the McNaughton Market building to a theater concern. City officials claim full rights after state equity relinquished. legal action sought to confirm authority. The 1918 structure on Isabella Street was funded by the Farms and Markets department and Joseph McNaughton estate, with farmer privileges complicating the lease.

Ogdensburg McNaughton Market Common Council City Hall Merritt ML. Morse State of New York William B. O'Connell Supreme Court Ellsworth C. Lawerrence Malone Department of Farms and Markets Lawrence Morse New York State Isabella Street Joseph McNaughton

T L Rogers Hurt by Fall

Theodore L. Rogers former New York State Assemblyman was seriously injured when he fell 15 feet from a ladder while painting a roof addition at his home in Little Falls He landed on his back and may have broken ribs with possible internal injuries He is under care at Little Falls Hospital Rogers is senior partner at Rogers & Asche Insurance Agency and has served in the State Assembly and Republican State Committee.

Little Falls Theodore L. Rogers New York State Gansevoort Street Rogers Fred Sabin Rogers & Asche Insurance Agency State Assembly Republican State Committee

School Bus Signs Ordered Removed

Newport July 23 Up State Traffic Commission orders removal of five school bus stop signs on Herkimer County roads. Principal John F Moehie of West Canada Central School led the signs campaign amid a broader push for highway safety and a state law against passing a stopped school bus in both directions.

Newport State Traffic Commission Herkimer County John F. ‘Moehie West Canada Central School

Hen’s cackle leads to camera find near Virgil

Professor Johnstone Wallace of Cornell and his wife lost a small camera between Virgil and Dryden. A hen belonging to Mrs. Hayden Olmsted cackled loudly drawing her to the roadside where the camera lay. Mrs. Olmsted received Wallace’s steward, though she insisted the hen was the true finder.

Virgil Dryden Johnstone Wallace Cornell University Wallace Hayden Olmsted

Market Report Buffalo Hogs Cattle Calves and Sheep Prices

Livestock receipts at Buffalo list hogs with market steady at 200 lb averages around 7.25, lighter trucks 150-230 lbs 6.75 to 7.00, 240-300 lbs 6.25 to 6.75, and rough weighty sows 4.65 to 5.00. Cattle receipts 50 head with grass fat heifers 8.56 to 9.25, cows and bulls mostly steady, cutter 5.25 to 6.00, canner 4.25 to 5.00, split-weight sausage bulls 5.60 to 6.25. Calves receipts 50 head vealers steady at 10.50. common and medium 7.00 to 9.50. Sheep receipts 100 head lambs unchanged, medium and mixed grades 8.00 to 8.50, good and choice higher.

Buffalo Buffalo U.S. Department of Agriculture

Motack Market Dullest in 22 Years Says Forbes

B C Forbes notes Wall Street gloom as business activity declines for 1929 era, yet auto industry shows revived demand. Chevrolet reports June sales up 35 percent year over year with strong used car demand. Chrysler, Buick, and Pontiac also post gains, signaling cautious optimism for 1941 and possible full recovery if Willkie wins.

Wendell L. Willkie Take Chevrolet Chrysler Corporation Plymouth Ben Pardes Ene Fine Eeeec

Hidden Spring Said To Weaken Oswego Wall

In Oswego on July 23 a spring of water found during excavation near the East Side reservoir is believed to have caused the wall break. Superintendent William A. McCaffrey said the spring, hidden at the base, may have fed water into the earthen outer base. A 60 foot section of the west wall was washed away as water rushed down the hillside into the barge canal. The wall is part of a WPA project costing 20,000 and will be blocked with a great mixture to prevent future damage.

Oswego East Side William A. McCaffrey Earl Chetney McCaffrey

67 Year Old Dies After Route 11 Crash Near Sandy Creek

George D. White, 67, of Ridge Road Sandy Creek, died at 6 am after sustaining a fractured skull and other injuries when the car he rode in was struck by a trailer truck on Route 11 two miles north of Sandy Creek Saturday afternoon. His daughter Mabel Dana suffered facial bruises and shock but was expected to be discharged soon. The crash, investigated by state troopers, involved a truck owned by Frank Grego of Holley and passenger Richard Carry of Brockport. Dana’s son-in-law James Dana was driving.

Watertown George D. White Ridge Road Sandy Creek House of the Good Samaritan Mr. White Mrs. Dana James Dana Dana Jesse Franklyn Frank Grego Holley E. T. Williams J. A. Radley Grego Richard Carry Brockport

Mother Sentenced For False War Talk

Glasgow reports Mrs Ma tilda Forsyth a 47 year old mother was sentenced to 21 days in jail after she admitted making war related statements claiming German landings in Southern England the destruction of docks and that President Roosevelt sent a ship to move Britain s poor children which she said was monopolized by figures including Alfred Duff Cooper minister of information.

Glasgow Matilda Forsyth England Roosevelt Britain Alfred Duff Cooper

Bridges Rebuilt After June Floods In Cattaraugus County

Little Valley July 23. Work to reconstruct 20 bridges destroyed by unusual June flash floods has begun. The County Board of Supervisors approved a $61,250 allocation from a $101,250 budget for the project.

Little Valley Cattaraugus County County Board of Supervisors

Also Mentioned on This Page

Anthony Sallotto Local Securities Central New York Securities Dealers Ane One Oswego Paux Ist Kanata Realty Syracuse Transit Corp Agricultural Insurance Albany Packing Brockway Mootors Bulling & E Central S.o Snesss Excelsior Insurance Partners & Traders Life Ins Sev Pry First Trust & Deposit Ccovce Wa First Securit Cotp Great Lakes Steamship Bry Lennox Purnace Lincoln Bank Merchants National Ba Nettleton Isl NY Power & Light Norwich Arma Onesda Gta Pierce Utler Rai Bates Chrysler Corp Int Harvester W Colgate Palm Pa Radio Corp Ef Am Adams Expr Colum God& el Aces Ann Remington Rand Abe Alaska Juneau Corl Solvents Wise Kenpecott Cop Seve Reynolds Tob Schenley Disttis Lcont Can Ames Ower Sid G&e Crown Zellerbach Macy (Rh) Co Lam Pow & St Rad & St S Montsom Ward OU NJ. Au de & Hudson Sige Stewart-Warn del Lack d& West Sunshine Mar D& Tel Sam Wat Nash Kemvinator Ae Swit & Co' Sresevees Nat Biseum Anaconda Csees du Pont Fe MN Cesee Nat Dairy Pr Nat Distillers Texas Corp Elec Boat Nat Aviation Comp el Power & Lecous Nat Pow & Lt Sacs Trans & West Alr Central RR Union Bar & P Bald Loco Ct Csesee Dpuakole Secceseeee Ealt & Ohio Eee United Air Lines Beth Steel Sesseevese United Aircraft Sess Otis Steel Blaw-Knox Am Owens-Ill Glass Steel Sreesene UT Boeing Airplane Ca Briges Mfr Wren Zark Graham-Paise Pathe Film Penn RR Woolworth Celanese Corp Oaee Tr & Coech Sh & T New York State Department of Agriculture and Markets New York State Department, of Agriculture and Markets N.C Malaga N. C California jOrarges Californias Bartlett Boz Jersey H.H Toronto Toronto Mining Exchange Kirk Lake Lake Shore McIntyre Noranda Preston Otk Sherritt Oe Teck Hughes New York Wholesale Creago Loudy Mans Neaes Sam Conner Jore U Bamaest Hamiatty Malllibare Auncat Alan T. L. Rogers Assembly In Hospital U.S Willkie By B. C. Forbes Wall ‘Street Manhattan Island Buick H. H. Curtice Fruehaus Harry Klingler Pontiac Osaan Tah Man New Yorks State of Agiaene United States of America Bank of the Manhattan Company Wall Streets New York City N. Y John J. Bennett Morris Tremaine Albany, N. Y
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