Stock Buyers Sample Wares In Market
Stock buyers survey wares in a bustling market as prices show a strange mix. The report notes sales activity and interest from traders amid varied listings and notable price points.
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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Apr 01, 1944
Page
22
Stock buyers survey wares in a bustling market as prices show a strange mix. The report notes sales activity and interest from traders amid varied listings and notable price points.
The New York market shifted purchases among divisions from rails to liquors oils and gold mines with selective strength early and gains near the close. Transfers totaled 797,400 shares as investors stayed cautious awaiting international developments and a potential completion of a corrective reaction. Top movers included Hiram Walker Sinclair Oil Ward Baking American Sugar Crane ExCell-O Eastman Kodak while notable laggards spanned Santa Fe Atlantic Coast Line Homestake Dome McIntyre Porcupine Skelly Oil Texas Co Montgomery Ward Plymouth Oil Goodyear and Standard Gas Preferred. Bonds remained steady with carrier loans improving as Chicago wheat eased and cotton rose late.
The item notes slight price variations for New York produce on March 31 with quotes around 3.65 to 4.15 and a high of 3.70 to 4.75 in some listings. No broader context given.
The district OPA director says R coupons may no longer be accepted by bulk plants and gas stations serving non highway bulk consumers. He notes B coupons remain valid for filling stations and outlines steps for dealers to surrender or redeposit excess R coupons by April 10 and April 20.
The Public Service Commission denied a rehearing proposal by Niagara Hudson System companies seeking to overturn a past ruling. The commission found no new evidence to justify reopening and criticized the plan to consolidate eight firms into one operating unit as not benefiting customers and exposing securities beyond assets. The eight entities named include Niagara Hudson Power Corp and six operating units.
The OPA announced April ceiling prices for seed potatoes in the Troy area including Maine certified and war approved varieties. Maine certified seed potatoes cost 5.64 per hundred pounds in lots of 100 to 1,000 pounds with higher small lots, while upstate New York prices are 25 cents higher. War approved seeds are capped 50 cents below certified prices. state agencies determine the seed types and virus tolerances.
Utica resident Edward W. Fox filed a bankruptcy petition in the Western District of New York yesterday listing debts of 2859 dollars with no assets for distribution among forty creditors. Notable creditors include Adler Furniture Co, Hepp's Jewelry Store, Gifford Garage, Chauncey Armstrong, and Pioneer Building & Loan Association of Troy. Filed through Albany attorney Roger Williams.
Production of certified seed potatoes has risen with an estimated 1943 yield over 20 million bushels. War approved seed potatoes form a new trade by state certifying agencies with the War Food Administration. Tolerances are higher for this grade than for certified seed potatoes. Before this, selected seed potatoes served as the main alternative. A third type, foundation seed for experimental use, is exempt from price control and accounts for under 1 percent of certified production.
Forty four men from Rensselaer County Board 330 depart from the USO Lounge Troy Union Station at 7 15 a m for training. Army entrants include Bucciero Smith Sanderson Russell Tracey Berrigan Coyne Paladino and others. Navy Marine nominees include Lee Coniners Geiger Grady Sheeran Baxter Gay Mesley and more. A second group goes to Albany Monday for pre induction physicals.
Grafton Leroy Adams is confined to his home. Elmer West is convalescing from illness. Mr. and Mrs. Clarence Bills of Troy called on Mrs. Alvina Ver milea. Mrs. Lydia Minard returns after months with her son in Schenectady. Miss Dena Wagar visited her grandparents Willis and Jennie Wagar. Jennie Feathers was called to Berlin to visit her ill mother Emmett Wood. Ernest Cornth waite and wife sold their house to Charles Bedrosian and wife of Troy. Helen Eliott spent Wednesday with Jesse Burdick and daughter Mildred at Valley Falls.
A story warns the Japanese beetle is spreading from New Jersey to Maine Georgia and as far west as Illinois and Missouri. It details beetle feeding on 260 plants the grub life cycle the ineffectiveness of sprays and the recommended soil treatments lead arsenate and Milky Disease Spore Dust to kill grubs in lawns with long lasting protection.
The new tax measures, enacted despite a presidential veto, raise excise rates including a $9a per gallon hard liquor tax and a $Sa per barrel beer tax, with higher postal and income taxes. Taxes on luxuries, travel, and luggage definitions expand markedly, while a 30 percent cabaret tax takes effect at 10 am to avoid checkout complications.
Troy area automobile owners renewing gasoline ration books must show their tire inspection reports. Local board officials said many mail renewals arrived without the tire report. If the tire report is mailed with the renewal, it will be returned with the new rationing book. Personal applicants must exhibit tire inspection sheets when applying.
The Troy Common Council will hear a petition from United Traction Co. for extending bus service in the Syea way area at its April 6 meeting. If approved, the plan goes to the Public Service Commission. Mayor Ahern has received 58 letters from residents urging rerouting for greater service and safety. The petition maps a loop from South Lake Avenue and Hoosick Street through Euclid Rankin and back to South Lake Avenue. Scientists date many prehistoric events by studying fossils.
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