Markets Steady As Stocks Advance And Railroads Reed
New York November 30. Stock markets show continued advance at a slower pace with gilt edged bonds easing and commodities steady. Steel demand rose with orders improving though many were for early delivery signaling price expectations rather than big consumption gains. Railroads expect unusually strong October earnings due to high freight volumes and improved efficiency. net income rose as maintenance costs fell, suggesting continued profitability. Wheat and cotton prices remained steady as merchants anticipate holiday trade and stocking up.
MENTIONED IN THIS ARTICLE
sYew York
A. P
London Maret Livens Toward Close of Week
London markets near week end as Egyptian crisis eases and confidence returns. Sudan stocks and plantations improve while British government securities gain. French and Belgian francs rise on French loan oversubscription, Greek loan anticipated via Bank of England, with about 12 million pounds likely. Reinvestment in war loan eyed as confidence broadens.
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London
Sudan
New York
Bank of England
Chicago
Ertbanc.s
Business Revival Lifts Market Says Economists in 1924
The piece argues that stock gains after the Coolidge election stem from deepening business optimism beyond mere sentiment. It cites Dawes plan hopes, European recovery, and stronger domestic demand as factors. Steel, textiles, and cotton show price and output gains, while grain and corn demand boost farming activity and retail trade improves versus last year.
Potomac Electric gains earnings for ten months in 1924
Potomac Electric Power reports ten months of 1924 earnings exceed 1923. Net income reached 1,217,896 dollars, up 295,784 from 1923. Gross earnings rose to 5,067,678 dollars, expenses edged to 2,844,098. October shows net 129,517 on gross 513,898, with 366,135 expenses. Contingent reserve totals 1,028,887 after 106,079 set aside for potential consumer repayments.
MENTIONED IN THIS ARTICLE
F. W. Patterson
Potomac Electric Power Company
Public Utilities Commission
Grose
New Financing Pauses Bond Market Rally
New York reports the flotation of a 108 million dollar French loan last week shifted investor focus from bonds to stocks. Prices were tight with early gains fading as profit taking resumed. The week also saw a 15 million dollar credit to Germany under the Dawes plan and plans by New Haven Railway Co. to refund 23.06 million euros of maturing debt. Liberty bonds continued downward as tax cut hopes drew funds to higher-yield securities. Overall new bond offerings topped 137.6 million dollars, the largest weekly total since mid October.
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New York
A. P
New York Stock Exchange
Dawes
New New Haven Railreid Co
Ihs
Great Britain
United States Treasury
Liberty
More Ships Will Join Idle Fleet at Norfolk
Seven more Shipping Board vessels are to be added to the idle fleet in James river during December, according to an official bulletin. The ships Tacoma Ophus Springfield Packet Western Ocean Manchester Inland and Cockaponset, now under charter, will be inactive on arrival at American ports. About 350 idle ships are already in the James river.
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Norfolk
Shipping Board
James River
Tacoma
Ophus
Springfield
Packet
Western Ocean
Manchester Inland
Cockaponset
German Government Aids Overseas Trade Push
Berlin reports full backing for a new export drive as Germany increases credits cuts freight and communication charges reduces taxation lowers foreign bill discount rate and negotiates new treaties. Reichsbank rate cut praised as a major help to exporters.
MENTIONED IN THIS ARTICLE
Miller
Berlin
Department of Commerce
Bn Alding
Reichsbank
Man Found Dead in Open Sewer Behind Home
Special to The Washington Post reports Mor ris Coss, 42, found dead in an open sewer behind his Benwood West Virginia home. Officials suggest he may have fallen down the embankment while dumping ashes over the fence.
MENTIONED IN THIS ARTICLE
Washington Post
Benwood
W. Va
Morris Coss
North Carolina Road Bond Issue Ready for Sale
New York, Nov. 30. Public offering of a new issue of 15,060,0900 State of North Carolina highway bonds will be made tomorrow by a banking syndicate. They are dated January 1, 1925, due 500,000 annually from 1935 to 1964, and priced to yield 4.35 percent to 1946 and 4.40 percent thereafter. Exempt from federal and North Carolina taxes, the issue helps complete the 65 million authorized for highway construction in 1921 while notes of early maturity account for 5 million.
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New York
North Carolina
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