Railroads as Largest Buyers and Taxpayers
Column by B C Forbes argues railroads underpin America’s economy and tax base. He urges balanced freight rate increases to restore railroad credit, warning harsh cuts would cripple industry, jobs, and towns built by rail. The piece cites Frederick M Haiser on rail pricing mistakes and calls for cooperation among manufacturers, merchants, and farmers to support rail investments.
MENTIONED IN THIS ARTICLE
Frederick M. Haiser
Aumas
Solomon
America
Howe
Profit taking speeds rise in stocks in New York market
Stocks opened with gains in New York as investors shifted to profit taking. Contributing factors included activity in petroleum and power sectors with some preferreds unchanged. Raymond Contrette Pile led early movers amid mixed trading.
MENTIONED IN THIS ARTICLE
New York
Raymond Conertte Pile
Livestock market notes and railway loan request
The report lists cattle prices with cattle grades and calf values including steer and heifer ranges from 5.50 to 9.50 per unit, calves around 0. The text also notes sheep and hog prices, lambs and fatstock values with scattered decimals. A separate item states the Denver and Rio Grande Western seeks a loan from Congress for railway improvements.
MENTIONED IN THIS ARTICLE
Treek
Verlessi Preacy
Sheen
Moratorium Edict Encouraging Moratorium Edict Encouraging
By Dr. Lewis Haney a professor from New York, the piece argues for balancing extremist views to avoid permanent emergency. It contends that wages and production are linked, criticizes both labor and capitalist extremes, and calls for honesty, sound credit, and enforcing contracts to restore stability.
MENTIONED IN THIS ARTICLE
Lewis Haney
Eoccomicg
New Yorke
Criverstey
Syraceae Journak Pek
George Wae Biedh
Court of
Nebresks
Wille
inSer
Money Market Rates and Tax Bill Updates
Money market notes from New York show unchanged Hatters acceptance rates with 21, 40 and 90 day maturities quoted around 3.4 to 7.28 percent, four to six months at 11 percent, and commercial and time money near 12 percent. A separate Washington item states the Senate banking committee postponed action on the over the counter stock transactions bill for one week to incorporate new print changes. sponsor Senator Mulhern of Connecticut says the revised measure will exempt public securities from the bill’s jurisdiction.
MENTIONED IN THIS ARTICLE
New York
HSI— Hatthers
Ito & Vive
Washington
IRS
Senate Banking and Carrent Committee
Muleneyr
Connecticut
Metal market and cotton futures drift with mixed early prices
Early export copper trading showed a slight rise with Boundeit bids up three cents and the Sen etal Exchange at 1040 cents amid a weak day for copper. Domestic copper held at 20 cents per pound while zinc and lead stayed near prevailing rates as market activity eased. Cotton futures opened with gains up to 70 cents and NY morning quotes for March at 32.7, May around 33.53, with several months down from yesterday's levels.
MENTIONED IN THIS ARTICLE
Vailey
New York
Weather Chart Reports Rain Across Atlantic Coast
The bulletin notes light to moderate rainfall along the Atlantic Coast with widespread precipitation extending inland. Temperatures rise in the Upper Mississippi Valley and along the Great Lakes region while colder air retreats from the Appalachian area. Readings include 23.92 inches in Caurscasi Manitoba and 34.54 inches in Ramsoope British Columbia amid a broad pressure system.
MENTIONED IN THIS ARTICLE
Ieast
North Carolina
Hatteras
N.C
Atlantic Coast
Ome
Sea Dar
Caurcasi
Manitoba
Phoet Ini Ant
White River
Rocky Mountain
Missouri Valley
Central Plains States
Mississip
Wales
Ramsoope
British Columbia
Mississippi
Lake Sesion
Ottawio
Appalachian
Hadson Bay
Canadian
Realty boards unite against new bill
New York realty boards oppose legislation in Albany aimed at overassessment relief seen as tightening control by assessors. Proponents warn the measure could double assessments and erase court relief, while critics label it an undue burden on property owners and violate due process and the state constitution. Local leaders from the Real Estate Board of New York and other associations mobilize against the bills led by Senate and Assembly taxation committees.
MENTIONED IN THIS ARTICLE
Mette
Wtaese
Aretuenies
Tex Cos
Oyer aSteme
Camsets
New York
Ugts
Plsr
Williamseon
Twest
Bucklay-Ives
House
S Yorksvunt
Irving Mt Becan
Camange County
Senate
Senate Taxation Committee
Bucker
Ives
Assembly Taxation Committee
Xiaori
Rensselaer County
Thesx Corporation Counsels
Frank S O.hera
Jackson Heishis
New York City
Real Estate Association
Lehman
Clarke G Dailer
Real Estate Board of New York Inc
Citizens Tadget Commission
Real Estate Board
Lster
Ender
Istate
Albany
N. Y. Banks
Nore Aearsere
Opening foreign exchange rates in New York
The morning foreign exchange market in New York lists rates for key currencies including the pound at 50 14, franc at 25 percent, Swiss franc 30, deutscher mark 40 46, and Canadian dollar.
MENTIONED IN THIS ARTICLE
York
Fen
Zuilder
Canada
Dollec
Leeblig
New Constitution Proposes Paid President for NYSE
New constitutional amendments plan a new NYSE governance with a paid president and a smaller board. The 23 member board will include exchange members, metropolitan firm partners, and outside directors, with the president auto serving on the board alongside three public directors.
MENTIONED IN THIS ARTICLE
York
New York Stock Exchange
Soard Late Westenlar
EL H. H. Simmons
Conter
Exchange
Aami
Nly Sateen
Exchange Ang Ws
Wuthonty
Fewer freight cars on order report shows declines
New steam lines on order as of February 1 total 710 cars, down from 1,241 a year earlier. The Association of American Railroads notes a 8.90 percent decrease compared with January 1957 figures, reflecting smaller orders and slower private employment stimulation.
MENTIONED IN THIS ARTICLE
New York
Association of American Railroads
Dividend notices from multiple firms including Wes t Company and Todd Ship Fares
Wes t Company declares a 30 cent extra dividend and 12 percent regular quarterly dividend on common stock. American Power and Light Company votes 35 percent on cumulative preferred stock. United States Leather Company sees no dividend action on prior preference stock. CuGer Hammer Inc. reports lower implied dividend due to conditions. Todd Ship Fares Corporation announces a 32 cent per share dividend payable March 2 to holders of record March 3.
MENTIONED IN THIS ARTICLE
West Company
New Tork
Son Oil and Snowd
American Power and Light Company
United States Leatt Company
Threctors
CuGer-Hammer, Inc
Todd Ship- Fares Corporation
Wall Street Hears Earnings Reports From 1937 Period
Wall Street reports early 1930s earnings with Good iFtar and Crane Company data. Good iFtar shows earnings under $3.18 per share for 1937, and Crane Company notes about $4 per common share versus $2.04 in 1936. The text reflects cautious expectations for dividends and future performance.
MENTIONED IN THIS ARTICLE
New York
GoodiFtar
GOR
G States &Gsgy
Crane Company
CCO
City Market Records Higher Attendance Amid Small Trade
Market observers note larger turnout at City Market with buyers fewer than usual and quotations tight. Apples pears and onions show variable demand with heat packs and Norch es prices listed. overall volume below peak but some vegetables and fruit show modest improvement from earlier in the week.
MENTIONED IN THIS ARTICLE
Althorst
Ac Js
Wall Street Gossip on Bond Markets and Shares
A chaotic Wall Street item describes trading activity and projections for several bonds and stocks. It notes expected per share earnings, compares calendar year forecasts, and mentions foreign interest in chemical and oil groups amid ongoing liquidity concerns and broker assessments.
Liverpool Cotton Market Quiets Amid Thin Receipts
Liverpool cotton markets opened steady as receipts totalled a small number of bales including 30 American. Trade was quiet with steady bids and a spread of grades from strict low to good middling and good ordinary. Futures for March May July and October remained steady with slight shifts by noon.
MENTIONED IN THIS ARTICLE
Liverpool
Reon
Southern Railway Plans Over Two Million Dollar Renovation Drive
The Southern Railway announces plans to spend more than $2,008,000 in the next five months on car shops and facilities. The work includes renovating and improving air conditioning for passenger cars, with some tasks to be done at Chattanooga, Tennessee.
MENTIONED IN THIS ARTICLE
New York
Southern Railway
Chattanooga
Tenn
Treasury Balance Washington February 3 Report
Treasury department report from Washington lists balances and receipts including internal revenue and customs for the period ending February 3. Figures show Treasury cash position and related revenue sources with brief totals and notes.
Also Mentioned on This Page
B.C. Forbes
Amenoe
Colum
Railmad
Mat
Mormor
Sens
E Emmuns, Faber & Reer
Alek AL Meccarelli
Muloxs & Peine
Syracuse
Stoc Asien
Exesistor
Fates & Tretes
Trae & Dees
First Srey
Stotal Bank
Tapoit Equeste
Mersharis Nationalmo
Nettie NY Power & Ist
U_S. TREASURY
Duisactias
jaLis
Wis
Cal
Lee
Georgia
Feu
Carly
United States
Mutars
Roens
Douglas
Denver &Fe iSid
Sestern
Leen
Punteas
Ami
Tavns Aurigteys
Money Market
Metal Market
Department OF Agriculture
Weather Bureau
Realty Boards
NEW Billa
Provide
Carte Blanche
Vaanmas Baskets
Ae & Seyaer Certtal Earorer
Xatisras
Chemaivae
Zopire
Irene Mashattaz Max Faeraters
Sseare
Somal
Wee
Posie Aral Ro
Sanmons Group
E. HH. H. Simmons
Wall Street
Fey
Si Bond
Gowang Ho
Lexhr
NPL
Susever
Commercial Investment Trust
CIP
Commercial Credit
CMC
Forsiza Bering
Nopetul
Seliel
iForeign
Seeeemaan
New Fork
Northern Spy
Cabhaze
Sayer
Sas
Jf Haze
Petroleum
Umet Stesdr
Crate FE
Suckese
Mim
EGR
Zoe
Fes
I Wool
Darkez Essier Domestic
Oasis
Nate Steers
Santos
Ceetnagal
Porto Rios
Srepisep
MeNes
Tim
Nesidy Ehise
Bitoe
Bermudas
Serre
Soren
Southerty Dam
Jane Ace Soba
Eae
Gale
Gee
Asker
Mare
Choice
Pea
NGS
Kudner
Moereperocs
Tae Somat
Extix
Ewanoraed
Fear
Stacdares
Eneepee
N.Y
Treasury
Intepal
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