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Newspaper
Syracuse Journal
Location
Syracuse, New York, United States of America
Date
Feb 03, 1938
Page
14
A 1938 commentary questions President Roosevelt's policies and their impact on business and employment. It argues Congress may assert independence from executive aims and urges patient adjustment to a changing economic order while warning against drastic anti business actions.
New York reports a sharp sales decline for department stores, with a 3.1 percent drop over four weeks ending January 23. Brooklyn figures show the steepest month’s decline amid persistent consumer weakness.
The report notes a weak Stouks performance with sharp reactions from IPS and several standout players in Basie and Manville areas. General Etee and Uttity drive efforts amid pressure as reserves show limited impact elsewhere.
The page lists assorted produce and market figures for New York including weights and prices such as 460 pounds, 10221 for Pacific Coast items, and various commodities like potatoes beans apples and mackerel. It reflects steady markets with many items priced and described in compact shorthand.
A special Syracuse column recounts worker concerns about wages and living conditions. Quotes from laborers discuss low pay, long hours, and the impact on daily life, including examples of scaffolders and ricklayers earning meager sums and seeking relief.
U. G. 1 reports 1937 net of 28,150,549 dollars with a preliminary gain of 196,739 dollars over prior income. Piha Delehua notes improvement in overall performance and a 32 tan increase noted alongside the revenue rise.
The Commercial Credit Company reported its consolidated annual earnings for the year ended Dec. 32 1937. After reserves for interest and taxes in the city, after dividends of 3 528, the 422 percent cumulative $7.09 a share on 18 percent common stock, including RS T S21, or $6.07 a share.
A rough financial summary shows Republic Steel reporting a profit of 9,044,147 with tax estimates including federal income tax and surtax figures around 33.59 million and 3.40 million respectively. The text references Cleveland public filings and compares to figures in a prior period, but the exact context is unclear.
James Talcott Inc and a subsidiary reported the best gross figures ever in New York on February 3. The filing notes preferred dividends and common shares, with distributions in 1947 and 7 cents per share for common.
Weather observations describe cooler conditions in Syracuse with varying precipitation. A broad report covers pressure patterns across eastern regions, noted coastal rain along the South Atlantic states, and temperature shifts across Canadian provinces and U S plains.
An outsider is proposed to head a stock exchange board of 30 governors and 7 members of the executive committee. The reorganization aims to improve governance and investor confidence, with elections for three seats and a push to clean up over the counter markets.
Ferguson, president of the St Nests Fans, was elected to a United board position. The meeting adjourned amid a lack of a majority of shares required to authorize action. Previously cited capital figures and share details are referenced but unclear due to garbled text.
The article discusses SEC plans to collect trading statistics to test the Popular theory that small speculators are key market players. It notes data from odd-for transactions and machines as sources of information impacting market behavior.
New York reports December sales by manufacturers showing an 18 percent drop from the prior month. The joint study by the National Association of Credit Men and the Bureau of Domestic Commerce notes no seasonal rebound and an overall decline in demand.
Fragmentary notes report cattle and sheep counts with unclear totals. Mentions prices per head and scattered figures such as 183 and 224, plus references to lambs and carves with assorted receipts and listings.
New York Feb 3 cotton opened quiet and generally unchanged. The March contract stood at 542 cents, May at 531 cents, July at 567 cents, and October at 537 cents, all unchanged.
Analysts expect Y Central ON to post a net profit after charges of about 75 cents a share for 1937. National Gepeum Singapore is anticipated to report only modest profits for the first quarter.
Market reports indicate slow trading at the public market with varied prices for potatoes and produce. Wholesale quotes range from 34 cents to $1.25 for different potato grades, while onions and apples move slowly and with subdued demand across the state.
The Automobile Manufacturers Association has voted on November 1 1937, with Wilopta listed for November 11 in a draft place name Ort altered. The document reflects early industry decisions shaping auto shows and exhibition timelines.
In New York on February 2 the Cuban Senate is to be called to a meeting to discuss relieving President Laredo’s total debts and reaching a settlement on the sovereign debt crisis. The move indicates efforts to address Cuba’s postwar financial strains and restore stability.
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