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Newspaper
Syracuse Journal
Location
Syracuse, New York, United States of America
Date
Feb 15, 1938
Page
9
A historic reflection questions whether Washington should erase all stock and commodity speculation. It notes the 1908 push for limits and the belief that risk taking fuels American growth, citing railroads, frontier expansion, and the nation’s rise as a global leader, while acknowledging potential dangers of overregulation.
New York wholesale produce quotations cover beets cabbage carrots onions and potatoes with ranges for crate and sack lots. Western and New York districts show varied prices per crate or sack, noting poor to fair quality and freight differentials. figures quoted include cabbage at high yields, onions, potatoes, and carrots with several price bands and crate sizes.
Headlines note a stock market start with gains fading, as early advances in U S steel and other issues faltered. The report cites United States Steel and New York Central levels with small changes, while bonds edge higher amid mixed commerce and economic signals.
Akron February 15 A local report of the Goodyear Tire and Rubber Company and subsidy for 1937 shows a profit of 2357.28 after depreciation charges underlying dividends and taxes and adjustments to inventories and market values. Earnings per common share reach 5.63 with a 23 cent dividend declared. George A. Martin named to executive and finance committees and George A. Sloane elected director at the board meeting.
Washington February 15 Senate banking and currency committees postponed consideration of the Maloney Bill delaying over the counter markets review until February 22 for further study and conferences. A protest by a securities and exchange commission group urged exemption of transactions in United States government state and municipal bonds from the measure.
Dr. Lewis Haney, NYU economist, discusses a downturn in business activity and weaker expectations across sectors. He notes low spirits in construction, steel, wholesale trade, and manufacturing, with price declines for key commodities and limited gains for most business leaders. The piece calls for federal tax relief and targeted aid to address unemployment.
Upstate flood control measures cleared both Senate and Assembly and await Gov Lehman’s signature. A Syracuse senator’s land purchase plan targets Onondaga Indian Reservation for flood control chamber bills. McElroy pushes to extend the flood commission for another year and shift highway bridge relocation costs to the state rather than local counties.
A reorganization plan for New York Title and Mortgage Company proposes creating a new firm with capital and surplus from 2.9 million to 21.5 million dollars using assets of the old company. It was submitted to Supreme Court Justice Alfred Frankenhafer by Referee James AL Marzin. The plan would absolve the new company from the debts and old obligations of the former firm.
New York report states 1.405 million dollars were paid under a relief plan. It notes funds went to employees and beneficiaries of a corporation. The announcement dated February 27 identifies the distribution details and program scope amid financial relief efforts.
Noting fears about the final accounting of construction costs for the New York Central elevated railroad, a Syvacs patch was completed and sent to the railroad's New York main office. Central engineers must approve or disapprove the proposed costs and allowances before Syracuse can proceed with final completion.
Charles Anesge announces a series of social security lectures at Syracuse University Station Hall. The Syracuse field office of the Social Security Board will present weekly talks starting this month, with the first lecture delivered to Hill residents and others.
The New York State Railway wage scale decision is postponed until morning as the arbitration board, chaired by Rupert Dineen, continues work. Operators have been asking for an increase around 43 cents, but no final rates were announced.
Fragmentary 19th century note records Parton victorious in a curb contest as Montague politics and governors shift. Mentions J Chester Cuppa and ARS terms, Mr Miller elected for a one year term, with unclear dates and places.
Washington February 15 Production of gold in South Africa reached 11,740,390 fine ounces, a record according to a report to the Department of Commerce. The year’s output topped the previous high, driven by grid production in present working mines.
Washington February Chairman Frank Ro MeXinch of the Federal Communications Commission announced plans to conduct a broad investigation into the radio industry. The inquiry aims to determine whether the National Association of Broadcasters or any other entity has acted to monopolize communications in the field.
New York February cotton prices show slight gains with March futures at 11 points, May at 9 to 205, October at 11 16 9.1 percent, December at 227, and January up 3 points to 224. Market sentiment remains cautious as day’s trade reflects modest demand.
New York report from Fitch Investors Service notes defensive years for the container industry but suggests manufacturing for cans and allied lines may lead in recovery. It cites high inventories, subdued canning demand, and price changes tied to tin plate and steel costs, with earnings expected to fall in the near term before gradual recovery.
A fragmented Wall Street item notes speculation around a new SOSH teaser affecting shares. Analysts weigh potential profits, with tentative quotes from several brokerage houses forecasting varied outcomes for the stock.
New York February 23 The steel index shows operations at 31 points, with capacity utilization up from two weeks ago. The gain is three-tenths of a point, marking a modest advance over prior readings. The index has risen versus January figures, reflecting a continuing upswing in steel activity this month.
New York February 16 Reserve balances showed a decline of 57 million dollars as demand deposits increased and the reserve system posted a small rise in deposits. The condition statement indicates some movement in reserve accounts with varied figures across components.
A garbled inventory of goods and prices including linseed oil resin and potatos. Mentions goods like wool beans pears and various market figures. Several numbers and brand-like terms appear, but most specifics are unreadable.
Market notes show ongoing sluggish trading with small crowds and limited sales. Prices drift, with cabbage and potatoes trading low and celery carrots beets and turnips priced mildly. firewood and poultry offerings added but little demand.
New York based steel market figures show capacity rising with 4. Tone 053 revenue gains and higher output. Joe Bessemer steel firm reports advance in capacity while earlier year totals dropped from 300,852 to 63,235 gross. Breisk breakeven remains and the sector notes gains in year over year.
Taxpayers including Harold and Ada Long of 126 Phelps St secured a temporary restraining order directing Mexer Derre to show cause tomorrow why a permanent injunction should not prevent the erection or operation of a slaughterhouse on vilified property. Attorneys William Martin Irving J. Davis said the taxpayers will present show cause before Justice Jae.
New York February news reports the preliminary 1937 annual report of the Columbia Gas and Electric Corporation and subsidiaries shows consolidated earnings of 15,075,493 after all expenses and charges. Earnings per share of 7 cents on outstanding common stock compare with 43 cents in 1936. Gross operating revenues reach 223,613.70 with operating expenses of 90,865.38, and provisions for retirements and depletion total 1,855, LOGS against 9,780,008 taxes.
A sanitized corporate notice shows the National Distillers Produces Corporation and subsidiaries clearing 7,861,968 in capital related figures. It cites outstanding capital shares around 256,036,835 and compares to 7,953,251 or 33.392 shares, with details on provi capital and surlax equivalents.
Penite Co ordinated Transport Service Corporation of New Jersey subsidiary signed a deal to acquire 254 buses from the General Motore Fuk and Coach Company, a division of Yellow Truck and Coxei organizations. The agreement reflects a coordinated effort in urban transit procurement amid broader industry shifts.
Reduced it had received notice that Standard Oil Company of Kansas proposes to reduce authorized capital stock from 226000 to 275000 shares.
A financial notice from New York dated February 14 reports stock actions by American Re Company and Armco. It states Rustless Tren and related common shares, adds that 20 shares previously held were noted, and mentions 4705 per share as the outstanding common portion at the rear end, with updated holdings.
Ir an exchange figures show new daily rates with 5021 and 28082 noted. Markets anticipate changes as currency values adjust amid foreign trade shifts.
Treasury balance and receipts summary shows interims on February 12 with totals including customs receipts and various minor items. Potential currency figures listed as 33 05 253.43 and 4,392, but formatting unclear.
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