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Newspaper
Syracuse Journal
Location
Syracuse, New York, United States of America
Date
Feb 16, 1938
Page
10
Fragmented text references economic plans and policies amid mentions of President remarks. It cites bank reserves, money markets, and calls to boost industry. The snippet signals broader discussions on employment, production, and industrial self sufficiency without coherent narrative.
An unclear fragment suggests a discussion of a drift toward lower levels and mentions tuning and lines. Readable entities include Dentin and Veen, with odd phrases indicating a disrupted OCR where names, series, and technical terms are garbled and no coherent event is identifiable.
Insolvent Insull investors face a sharp loss as creditors and Weev entities negotiate pennies on the dollar. Court actions and regulatory scrutiny shape the recovery outlook for holders of Insull claims amid ongoing financial turmoil.
New York curb exchange shows a profit for 1937 with figures indicating gains. Market activity and closing figures reflect a positive year for traders and listed securities.
In New York on February 16 money market quotes indicated ba nks offered commercial paper at 2 percent while federal funds offered at 7 percent. Time money yielded around 4 to 5 percent for maturities, with Treasury bills near 1 percent and call money at about 1 percent.
Economist Shila, of New York University, notes recovery hinges on short duration policies and private cooperation to restore production and employment. The article cites 1923 Harvard discussion, muted demand, and signals for improved consumer and wholesale activity by early next year.
New York reports dividend decisions by major firms. The New England Telephone and Telegraph declared a quarterly dividend of 1.55 per share. Kennecott Copper announced 38 cents, 45 cents special on June 34 and 5, plus 10 cents special. Newmont Mining paid four 5 cent dividends in 1937, plus a 1/2 share distribution, with stock implications noted. The discussion shifts to recession perceptions and broader economic mood, citing inventory, price readjustments, and policy effects impacting employment and banks.
Stock market losses spread across the New York Stock Exchange as 1937 opens with declines. Early trading shows many listed stocks tumbling, with marked drops in key shares as the exchange reacts to unsettled conditions.
The Excelsior company announces the election of Robert C. Hosmer to a reading role and notes steady assets and income. It reports a 9 percent asset increase from 337,887 to 70,686 and a 3 percent capital return. New agents were appointed in Excelsior last year.
An official notice from Oak dated February 15 announces New York Edison will issue new stock to raise capital. The release mentions engines ordered and encouragement of American industry as part of the plan.
Canada reports for the car ended December 3? 183% met income. 30,542. after preference? shares, against 24,0 6 or 36 cents each on 23,074 common shares. Market notes include cattle and meat receipts with prices, recorded at various weights and grades.
A weather chart notes a western disturbance spreading from the Canadian provinces southeast to the Atlantic coast. Temperatures show mild increases in Central Texas Oklahoma and the Rocky Mountain region with periods of light precipitation in the Southeast and Lower Lakes area.
The report details a chaotic public market scene with political infighting over NY stock exchange reforms, mentioning Parish and Cuppie, governor-related figures, and a tense curbside administration debate. Market prices show mixed wholesale and retail quotes for produce as conditions hinder turnover.
A Montreal weekly issue notes 9% cleansing in 1237? dividend of 2 percent on non cumulative stock, payable to shareholders of record. The report preserves the period tone and mentions the payout terms and eligibility.
Special to The Journal from Oswego reports probation for Reginald Y. T. Hinds, former Hinds & Horan member, after pleading guilty to grand larceny linked to swindling an elderly Tully widow. Iran B. Soran noted as associated. firm history referenced with earlier prison term.
Federal 1 percent bonds bring in income totaling 1 1250 047 23 dollars from an external revenue stream. That figure reflects securities activity in the Washington area during the period reported.
Market data show NY cotton up 3 percent to 29 percent and January contracts up 1 percent to 18, reflecting modest gains amid mixed demand signals for fiber and textiles.
New York February 26 Wall Street hears that American Radiator company quarterly earnings show a 5259 Class A dividend under 31 cents. Officials warn investors about a possible tax or payout adjustment affecting stockholders.
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