Capital Securities Rise and Bank Dividends Noted
Liberty National Bank declares semiannual dividend of 2 percent and a full month’s bonus for employees. War Finance Corporation approves 205 advances totaling 6.9 million dollars for agricultural and livestock needs. Local securities demand remains strong with Potomac Electric and Washington Railway quotes firm amid holiday market.
MENTIONED IN THIS ARTICLE
National Bank
Morris H. Glazer
Potomac Electric General Mortgage
Potomac Electric First Ss
Washington Hallway Andlectric
Firemen's Insurance Company
Lanston
War Finance Corporation
Joan B. Larner
District of Columbia Bankers Association
Council of Administration
W. A. Dexter
Washington
Willard
Reserve Bank Statement Shows Resources and Liabilities
The combined resources and liabilities of the twelve Federal Reserve banks as of Wednesday close include total resources of 35.21 billion and total liabilities of 5.21 billion. Gold reserves total 33.87 billion, with deposits and Federal reserve note circulation noted and various bills and earnings assets listed among the components. The notes in circulation and bank deposits dominate the balance, while the New York Money Market section reports foreign exchange and bill rates for December 22.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Federal Reserve Board
Federal Reserve
New York
Britain
Italy
Germany
Norway
Dave
Financial Market Snapshot with Utilities and Commodities
A dense listing of public utilities bonds and stocks follows by a broad price table for Potomac Electric Power, Capital Traction and Washington Gas, plus miscellaneous securities and bank notes. It includes live prices for livestock, fruits and vegetables, and grain futures with Chicago and Washington market notes.
MENTIONED IN THIS ARTICLE
Pete Stngton
Hicotric
Potomac
Wegtimae Biestre
Capital Traction
Potomas Electric G
IONEY
Lam
T. &T. Dény
Ann
P. River
P. Tel
P.tel
Quty & Sub. Ry
Metropolitan R. R
Mt. W
Wash
Balt
Anna, Sa
W. G
Tiss Wash
Ry. & el
Riggs Realty
Public Utilities
Am. Tel
Teleg
Washington Gas
N. & W. Steamboat
Ry. & el. Co
American
Columbia
Commercial
Farmers & Mechanics
Federal
Liberty
Lincoln
Metropolitan
Riggs
Washington
Trust Companies
Security & Trust Wash
Loan & Trust
Continental Trust
Nat
Savings & Tr Union Trust
East Wroennerane Merchants’ Bank
Zoe Security Laws
Cor
Seventh Street
Union
Washington Mechanic: Fire Insurance
Arlington Corcoran Tle Columbia
Graphe
Mig
D. of C
Paper My. Co
Ees Lansson
TD Marchants Tr
Stge
Mergenthaler Linotyp
Washington Market
Eix
Baltimore
Nat. Bank
Equitable Trust
Maryland Casualty
Con. Power
Con
Houston Oil Ptd
Ga. South & Fla.istoid
United Rys. & Hiec. Co
Penn. W. P
Balto
City
Abi
Wat
Utd
Rys. & Hiec
Rys. & Wlec. Inc
ATR
Plunder of Farmers Echoes Across American Economy
In 1921, widespread swindles drained farmer wealth during wartime profits, seen as hurtful to banks, manufacturers, and workers. The piece argues economic education is vital as farming losses reduce demand for shoes, clothes, and autos, while railroads and industry suffer from reduced buying power and unemployment rises.
MENTIONED IN THIS ARTICLE
America
Seal Mine
Rubes
The
Public Ledger Co
Hoover outlines inter American commission study on exchange
Secretary Hoover said the high commission will send a statement to Latin American republics for their study. He noted the plan covers world exchange conditions and may yield remedial proposals after discussions in the commission.
MENTIONED IN THIS ARTICLE
High .Commission
Commission
Hoover
High Commission
CAN NOT CUT COAL RATES HIT BY ICC RULING
The Interstate Commerce Commission blocked Henry Ford's effort to cut coal freight rates by 26 percent along the Detroit Toledo and Ironton route ruling the move would discriminate against other mining areas. The decision noted a proper rate relationship between competitive coal regions is vital to shippers. The report also lists mixed commodity prices and market quotations from Baltimore and Philadelphia, including butter eggs oats and wheat with varied price movements.
MENTIONED IN THIS ARTICLE
Henry Ford
Detroit
Tateda
Trenton
Interstate Commerce Commission
Toledo
Ford
Ironton
Rail leaders clash over railroad costs and wages
W Jett Lauck of the American Federation of Labor and Illinois Central president C H Markham traded sharp statements over rail costs and alleged abuses. Lauck warned railroads must tell the truth to keep worker loyalty while Markham rebuked labor leaders as misrepresenting the industry.
MENTIONED IN THIS ARTICLE
W. Jett Lauck
American Federation of Labor
Chicago
C .H. Markham
Illinois Central Railroad
Markham
Senate Committee
Lauck
Railway Employes Department
Americans Federation of Labor
New York Produce Prices and Coffee Market Report
The item lists detailed prices and receipts for butter eggs and live poultry, with creamery and packing stock figures, and notes raw sugar and coffee spot rates. It also reports the selection of Associate Justice Emilio Del Toro for appointment as chief justice of the supreme court of Porto Rico by Secretary Weeks.
MENTIONED IN THIS ARTICLE
U. S
Grimes
Oregons
New Yorks
Indianas
Ohios
Pennsylvanias
North Carolinas
Floridas
New York
New Jersey
Western Hennery
Hennery
Cubas
Middle West
Santos
Emilio del Toro
The
Supreme Court of
Porto Rico
Weeks
Farewell to My Golfing Kit in Winter Weather
A poet golfer bids farewell to his faithful brassie and mashie in a winter mood. He recalls many mishaps and flubs caused by poorly mastered clubs. With a heavy heart he parts from jigger and cleek and plans to turn to other occupations as he heads south tomorrow.
Seek Lower Coal Rates From Rail Officials
Conferees consisting of rail government representatives railroad officials and coal producers met yesterday to discuss reduced railroad rates for export coal. No conclusions were reached. F M Whitaker of Chesapeake and Ohio was asked to present the proposal to the Association of Railway Executives and relay executives views to a later meeting. Hoover had urged cutting export coal rates from 3.80 to 2.80 per ton to help American miners compete with British coal at tidewater.
MENTIONED IN THIS ARTICLE
Secretary of Commerce
Hoover
F. M. Whitaker
Chesapeake
Ohio Railroad
Association of Railway Executives
Interstate Commerce Commissioners
Railroad
Seaboard
Tidewater
Suit for return of seized stocks and bonds filed in District Supreme Court
Fritz Schutte of New York City sues Thomdd 7 Miller as alien property custodian to recover about 292000 dollars in stocks and bonds seized under the trading with the enemy act. He says the funds were the liquidation of Schutte Bunemann & Co. and that he had just become a citizen and is not an alien enemy. In a separate suit, Joseph Mage of Zurich seeks 50 shares of Bearings Company of America valued over 200000 dollars and 51000 in dividends, claiming acquisition before the war and deposit by Weustenfield in 1915 via Nachod & Kuhne in New York.
MENTIONED IN THIS ARTICLE
Fritz “Schutte
New York City
District Supreme Court
Thomdd
Miller
Schutte
New York
Schutte,Bunemann
George Weastenfield
Hanover-Munden
Germany
Nachod & Kuhne
Weustenfield
Public debate over tax plan on beer and wine
Officials report a flood of letters both for and against a proposed change to tax prohibition laws to allow a light wine and beer levy as a new federal revenue source. Church leaders and others nationwide weigh potential revenue, with estimates suggesting about 500 million dollars annually could be raised.
Ford letter delayed over Myrtle Shoals cost estimates
The Secretary of War delayed replying to Henry Ford after receiving new estimates on Myrtle Shoals water power costs. He pledged to devote every available minute to the reply. Weeks and Ford negotiations on purchasing and leasing the Muscle Shoals nitrate and power projects were at a standstill.
MENTIONED IN THIS ARTICLE
Iffon
Henry Ford
Myrtle Shoals
Ala
Mr. Ford
Ita
Mr. Weeks
Muscle Shoals
Also Mentioned on This Page
Credit Clearing House
Liberty National Bank
Liberty Bank
Charles H. Cragin
Warmers and Mechanics National Bank
Vances
Reserve Bank Statement
Busi
Ness
Paig In
Local Produce Market
Bare Bay
NEW York Grain
New-York
Manitoba
United States Bureau of Markets
East St. Louis
London
Philadelphia
Delaware
Maryland
Pennsylvania
Ohio
West Virginia
Virginia
Ent Island
Baltimore Securities
Oil City
Washington Post
Cognoscenti
Standard Oil Company
Babe Ruth
Kaiser
Holland
Bell Syndicate, Inc
Ord
Retary
American Sugar Refining Company
National City Bank OF New York
Chase National Bank OF the
City OF New York
Earl D. Babst
Atlantic
Gulf Seaboards
Island of
Cuba
New York Stock Exchange
the National City Company
Old Colony Trust Company
Honda
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