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Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Dec 17, 1924

Page

5

Fake security schemes flood district mails

Fraudulent schemes selling German securities flood the district mails, luring the lay public with high prices for bonds of uncertain value. Howard Cool of the Better Business Bureau warns that many offers are questionable and largely unredeemable. Eugene Thompson of the District Bankers Association urges cooperation with the BBB to halt transient stock vendors and bring issuers to justice.

F. W. Patterson Howard Cool Better Business Bureau Eugene E. Thompson District Bankers Association Thompson

New York Curb Market Notes Upward Sweep

Curb prices resumed rising with profit taking causing some irregularity. Prairie Oil and Gas jumped on dividend news to 212 before easing to 203% and closing near 206, a net gain of 1. Prairie Pipe Imperial of Canada and Cities Service ended higher while Galena Signal Standard Oil of Kansas and Vacuum fell. Utilities gained several points with American Gas Electric American Light and Traction Appalachian Power Lehigh Power and Tennessee Electric Power up 1 to 3 points. Curtis Aircraft issues revived activity and Centrifugal Pipe hit a new high near 30. Radio firms mixed as Thermodyne and Hazeltine rose to new peaks. Fisher Body (new stock) began trading.

New York Prairie Pipe Imperial of Canada Cities Service Galena Signal Standard Ol Kansas Vacuum American Gas and Electrice American Light and Traction American Power and Light Appalachian Power Lehigh Power Securities Tennessee Electric Power Curtis Thermicdyne Hazeltine Fisher Body Adirondack Botany Mills Brunswick Balke Aguirre Sugar Centrifugal Pipe Corp Chapin Sacks,w Curtiss Perm de Forest Radio del. L. & W. Coat Denver R. G. Pf Doehler Dubilier C. & BR Duplex C. & R. Ctf. W. Ff du Pont Motor Durant Motorsa Duz Co., Inc East Penn, Electric Elec. Bond & Share Pf Federated Metals Ford Motor Canada Foundation Co. Pf Freed Eisemann R Gillette Saf. Raz Gillette Saf New Goodyear Tire Grennan Bakeries Happiness Candy St. A Hazeltine Corp Weer Imperial Tobacco Inter. Concrete Ind Intercontinental Rubber Inter-Ocean Radio Inter. Utilities A Inter. Utilities B Jones Radio Mirabshea Lehigh’ Power Securities Lehigh Valley Coal Co Lehigh Valley Coal Sales McCrory Stores War Mengels Box Teeeee Mesabi Iron Kerrer Middle West, Utilities Middle West Util. Pf Middle Weat Util. Pr. In Midvale Steel of Del Motor Prod Murray Body W. i National Distillers Nat. Power & Light Nat. Tea Co. New New Jersey Zinc New York Tel, Pf Nickel Plate Ww. i Pf. W. i Ae Ohio Fuel Corp. W Omnibus Corp. Ctf Pathe Exchange A Radio Corporation Reo Rova Radio Sleeper Southeast P. & L Southern Coal & Iron Standard Publishing Swift International Swift & Co Tenn el. Power Thermiodyne R. C Thompson Radio Cti Os Todd Shipyards Union Carbide United Gas & Elec Ward Baking Corp. Pt G2 Ware Radio Corp Western Power Western Power Pf Oe White Rock Wickwire Spen. Stl. W Yellow Taxi Cab N.Y Anglo-America Mesane Buckeye Galena Galena Signal Oil Humble Oil Eee Illinois Imperial Oil Canada Indiana International Petrolew Magnolia Petroleum National Transit ” Oe Northen Ohio Oil Penn Prairie Oil & Gas Prairie O. & G. Wii Prairie Pipe Line Southern Pipe South Penn Oil Southwest Penn Standard Oil of India Standard Oil of Kanagas Kentucky Nebaska Ohio Swan & Finch Oil Corp Vacuum Oil

Greek loan plans and grain market notes in New York

Reports indicate a new 11 million dollar Greek loan to be offered by Spayer & Co at 88 to yield 8 percent, funding Greeks moving to Greece per treaty. New York grain excerpts show wheat strength for No 1 dark Northern Spring and various lake and rail prices, with corn and oats mostly firmer.

Spayer & Co Turkey Greece New York Lake Manitoba

Foreign bonds and war loan notes in latest market listing

The report lists several government and national issues including French 48 and 6s with premium 5s, British Victory 43, National War Loan 5s, Italian Notes 1926 and Italian 68, Belgian Restoration 68 with premium 53.

British Victory National War Loan

Metal Market Prices In New York And London

Copper firm electrolytic spot at 114% with futures 144% 1454. Tin firm spot 8.87 futures 66.00. Iron steady. Lead firm spot 9.25 10.60. Zinc steady East St Louis spot 7.80 futures 7.52. Antimony spot 14.12. London copper spot £65 15s futures £66 18s electroytic spot £70 futures £70 10s8d tin spot £261 7s 6d futures £264 12s 8d lead spot £42 10s8d futures £89 12s6d zinc spot £37 12s8d futures £37 2s8d.

New York East St. Louis London

Treasury Certificates Market Rates by Maturity

Treasury certificates with various maturities and rates listed. Mar 15 1825 through Dec 15 1927 figures show 4s and 2s terms, with prices and yields indicating a range of rates from about 4 percent to 4.5 percent and several dated maturities across 1925 to 1927.

Umrer

New York Cotton Prices Rise on Bullish Demand Signals

The New York cotton market advanced on December 16 as bullish Southern spot cues and Liverpool optimism lifted March to 24.27 and May to 24.63, with closes near session highs. Exports for the season reached 3,812,722 bales and port receipts were 65,541, while October and later futures showed modest gains amid profit taking and improving domestic demand.

New York Liverpool Manchester Ond Eabies Lancashire

Utilities Bonds Lead General List Upward

Public utilities led the investment market today with Brooklyn Union Gas convertible 7s rising over 6 points to new highs. The group moved higher on strong turnover as local traction issues gained, Maxwell Motors shares climbed with related A stock, and Liberty bonds steadied alongside firm Treasury notes.

Washington Post New York Brooklyn Union Third Avenue Interborough Maxwell Motors Liberty Treasury Hukuang Railways

Also Mentioned on This Page

Dawes U. S Bankers Sound J. W. McIntosh Joseph W. McIntosh Henry M. Dawes Coolidge Senate McIntosh Finance Committee Washington Tock Exchange Liberty National Bank and Union Trust Company Union Trust Lanston Monotype Washington Railway and Electric Preferred Washington Gas Light Capital Traction Washington Railway and Electric General E J McQuade Liberty National Bank Mergenthaler Linotype Co Eastern Territory Interstate Commerce Commission Commission Eastern Railroads Pynchon & Co West & Co W. J. Hammons & Co John Nickerson & Co Utilities Power and Light Corporation Chicago Washington Dillon, Read & Co. Org Philadelhia Rapid Transit Company Eries Philadelphia Ehot H. Thomson Washxton Loan and Trust Company American Institute Banking Capter Bonbright & Co E. H. Collins & Son Bales Tague Cities Derby Derby Oil Euclid Oil Federal Oil Gililland Gulf Oil Kirby Petroleu Lago Petroleum Lance Creek Latin America Mexico National Fuel & Gas New Bradford New England New Mex Ariz Northwest Peer Penn Reaver Pennok Oil Corp Red Banks Oil Royal Canadian Salt Creek Sapulpa Lyfelf United Central Oil Bec States Oil & Land Wilcox Oil Breeeae Orleans Woodley Petroleum Gey Mouton Savannah Charleston Arizona Globe Norfolk Wilmington Baltimore Canaria Boston Cortez Cresson Galveston Diamondfield Bi Mobile Ani Cevan Eureka Croesus Florence Goldfield Supe Fate Geet Golden States Mining Anne Goldfield Ie Hock Ey Bali Harmill Divide Hawthorne Memphis Neder van Washington Post aAdo Ted” Pees Mammoth Setae Magon Valley Mohican New Cornelia Plymouth Parmac Porcupine Ceeeae Rey Hercules Silver King San Toy South Continental Mines Unity Gold Utah Apex Wenden Copper Yukon Alaska Oberee Allied Packer Allied Gas & Bi Éa Anglo-Amer Atlantic Fruit Inc Atl Guit & W. Iba. Ag Beaver Board Bethlehem Boston & Maina És Cudahy Pack Deere & Co Denver R. G W. I.ne Detroit City Gas Detroit Edison Dunlap Tire & R Gair Robert Grand Trunk Liggett-Winchester Morrin & Co National Distillers Co New Orleans Pennock Phil. el Pub. Serv. Corp. N. J Pub. Serv. el. & Gas Gia Shawsheen Sinclair Cons Standard Gas & Elec Union Elect. L. & P United Drug Co United Webster Mills BO S Bogota Helsingfora Fr. Nat. M Solvay & Co New York Stock Exchange American Exchange National Bank Utilities Power & Light Corporation Chase National Bauk City of H. E. Clarke Ah Page Steph Eich Ackes Virginia Iowa Minnesota Wisconsin New Jersey Interstate Power Company Dubuque Electric Company Dubuque Eastern New Jersey Power Company Atlantic Atlantic Coast Transportation Company Electric Light & Power Company Hightstown N. J Jamesburg Electric Company Dubuque Electric Loop Power & Light Corporation Day Zimmermann, Inc Grrl Sen Utilities Power & Corporation Utilities Power & Light Corporation, Bie Utilities Building Corporation Meet Rushmere Busang Western Power Corporation NEW York Grain Bend W. Lee & Company Delerate Fler Moody’s K Street Properties W. H. West Company Real’ Estate 15Th Street Main Yee
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