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Newspaper
Syracuse Journal
Location
Syracuse, New York, United States of America
Date
Feb 28, 1938
Page
14
A fragmented editorial urges precedence of American workers and domestic policy over foreign influence. It questions foreign labor, taxation impact, and government spending, arguing Americans alone sustain progress, prosperity, and national strength through prudent laws and individual industry.
A weather chart reports a disturbance moving southeast toward the New England coast with light to moderate precipitation in the eastern Lake region. Temperatures fell over Ontario and eastern Lower Lake region while central and western New York saw little change. High pressure dominates the central and western U.S., with rising pressure along the Atlantic coast and a cooler start in affected areas.
Market report shows stocks lower with copper trends under pressure amid a Canadian copper output note and a government steel outlook. Livestock prices edge up for fat cattle and feeder classes while international exchanges discuss industry boosts and long term obligations of major railroads near large maturities.
New York Cotton opened with the March contract down two points at 9.08 while December rose by one point to 43. January opened unchanged at 31 dollars, indicating modest shifts across the futures curve in early trading.
The Syracuse Journal reports New York market gains with mixed signals as weekly stock and bond indices rise on some advance, while uncertainty lingers. Analysts cite rail and utility stock movements, earnings, and potential policy impacts as factors shaping the outlook, with potential further gains tempered by cautious sentiment.
Copper quotes show London Metal Exchange activity with domestic copper around ten cents a pound and rising prices noted. Railcar air conditioning growth is reported by Pellman Company and Class I railways, with 21,165 refrigerated cars by January 1 and 3,050 units installed in 1927.
Money market rates held steady with bank acceptances and bills ranging from 5 to 7 and 16 percent for various maturities. Commercial paper at 1 percent and federal funds around 4 percent. Treasury balance shows total at 85 172 632 152.48 with internal revenue and customs receipts noted.
March 5 opening announced for industry showcase with Ford and other manufacturers. City officials and executives including Stuart CMS and EQRERE will attend. Event aims to highlight automotive advances and local economic impact.
An estrose about taxation on a federal tax scheme and related issues, noting the court’s stance on validity and validity of the tax framework. The fragment references a fiscal dispute with mentions of a federal scheme and questions of legality and compliance in taxation.
Reports indicate New York bank shares gained modestly with mixed yields across 65 issues. The aggregate value rose by about 26.5 percent from week to week, while the current stock yields and average prices varied. Corona typewriter company details note quarterly reports and stock distributions including preferred and common shares.
The piece argues planning over quick purchases to build purchasing power, noting government and regulatory action shaping policy. It highlights railroad and utility roles, with emphasis on interstate commerce and anticipated gains for multiple industries through coordinated planning and policy.
A cautious mood gripped New York trading as news of trust characteristics and corporate actions influenced stocks. The Central exchanges saw mixed advances amid speculation about corporate consolidations and policy signals, with several named firms like Union Carbide and General Mills noted among advancing shares.
Directors of Sunshine Company cannot attend the March meeting, postponing the regular meeting. The Brass Company issues 0 percent dividends on Class A and B stock for 1927 quarters, 12.5 cents per share for preferred, while National Standard and Syverheetes declare per share dividends. Head Corporation reports no action on common dividends for December.
New York February 23 Wall Street reports the first quarter expects Coca Cola to maintain its regular annual dividend rate and notes Brizz 7 Manulan uling and Champions Paper among the listed concerns.
WHEAT prices and market activity show mixed gains and quiet sessions across crops. Hay, clover, oats, flour, lard, tallow, linseed oil, turpentine, and brass pricing are listed with regional notes and carrier market references. Strong entities include Pacific coast, Southeast, and Central markets with various price quotes and status updates.
Reports indicate gold checks trading at City Mart amid a chaotic sale scene. Vendors and weighmasters faced crowded stalls as buyers sought items, with produce like cabbage and onions contributing to the unsettled market atmosphere.
Market notes list produce like potatoes and carrots with crate and sack prices, origins from New York to California, and quality factors. Rates show wide variation by grade and origin, with references to crates, sacks, and per bushel pricing.
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