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Newspaper
Syracuse Journal
Location
Syracuse, New York, United States of America
Date
Feb 29, 1928
Page
9
Stock market reports show radio shares advancing despite uneven earnings. Radio Corp earned about $6 a share this period, with analysts noting expansion in business and improved radio facilities. The broader market remained steady with no major money-market shifts and commodity prices showing little change.
Fragmented OCR text shows uncertain pricing notes and garbled lines about New York carb market. Mentions routine price irregularities, trade references, and possible references to figures or entities that are not clearly identifiable.
The Schine Chain Theaters Inc annual report shows net income soaring about 109 percent from 1926 to 1927, with total income available for dividends rising to $34, from $152,624.15 in 1936. President Setine states after depreciation and taxes, 1927 net income equates to $8.62 per share on preferred stock.
Treasury receipts total 30 613 993 95 dollars in Washington and New York figures. balance reported for February 27 shows large customs receipts and overall funds. The report cites ENS dispatches with currency totals and regional distribution.
The bond market focused on New York City's sale of 52 million dollar short term 4 percent rapid transit bonds. A syndicate led by National City Bank won the auction, reflecting broad demand amid firm Treasuries and European issues. Canadian and regional issues also saw activity with Missouri Pacific and Brooklyn Manhattan Transit noted in the market roundup.
Two hundred Kelvinator dealers from the territory served by Kelvinator Syracuse Inc attend the third annual convention at the Onondaga. Morning and afternoon sessions cover business topics with a banquet in the evening where K Woodbridge Kelvinator president speaks. Meacham opens the convocation and Woodbridge discusses corporate mergers and industry positions.
Albany February 29 An injunction restraining the New England Investment Trust Inc New England Investors Shares Inc and the New England Collateral Shares Corporation from selling any investment trust certificates in the state was granted by Supreme Court Justice Selah B Strang Brooklyn pending investigation Deputy Attorney General William W Siberland testified that the firms collected large sums on a partial payment plan claiming securities were deposited with Liberty National Bank The moving party Milty Benoseh claimed to head the organization but had no official office in the company.
The piece reports widespread industrial activity with over 1000 workers en route to Syracuse, mentions leadership changes at Continental Van and United States Can, and notes a mixed Wall Street picture. It cites Allied Chemical movement, General Ice Cream profits, and February bank clearings in Syracuse amid 1927 weather and market pressures.
President Schine outlined the corporation's year, noting that on January 1, 1927, the company acquired a one half interest in eight theaters across Syracuse, Utica and Watertown. The theaters are under management and contributed to profits with new openings or continued operation in Buffalo, Fairport, Lockport, Rochester and Saranac Lake, while two chain theaters were discontinued.
United States Elected Light and Po Shares Inc declares quarterly dividend coupon No 5 for March 2 1928 at 4937 dollars per share on trust certificates net with accrual to the Te Aopue fund of 3243 per unit The prior dividend shows an increase of 0789 over last coupon and raises total accrual to 4688 per unit.
Universal News reprints on February 27 1931 quotes major executives like W J Hoss of the Nickel Plate and others arguing for regulated change. They caution against excessive law while praising progress in efficiency and freight movement. They call for clearer transportation act provisions and central planning relief from the Interstates Commerce Commission.
Cac Hanry, W Fayette and Wy Senesse file building permits for a 3000 dollar project at 314 Carlton Fa. Uhrig Grant blvd and Derline ton rd report remodeling of a storefront at 5200 Rolloway Learing Cormnang. Shenaz:d al at 439 Shenaz:d al lists a concrete project 209 dollars. Margaret Station at Tully and West atm notes a 590 dollar building permit.
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