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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 14, 1924
Page
6
Broad market downturn as industrials and rails yield declines and funds retreat. Reports of mixed factory data and varied price moves color trading on the New York Stock Exchange with speculation about oil and banking impacts shaping the session.
Washington bankers favor the McFadden banking bill as it moves to a favorable House committee report. Key provisions expand branch banking and real estate lending limits for national banks within federal districts, with hearings hoped for in coming weeks. James B. Reynolds to emcee the DC Banking Institute banquet at the Willard on February 23. Merchants Bank president Peter A. Drury returns after Pacific coast trip.
Financial gossip notes Fisher Body and General Motors stock moves with 1923–1924 earnings, dividends, and corporate actions. Reports touch on Federal Motor Truck Company results, Commercial Events loss, and sugar industry director decisions affecting junior stock dividends.
The text notes oil properties around the aged Vere Crus area were held but unpaid since 1921. It cites financial figures from 1823 through 1922 for Pierce-Arrow Motor Car Company and Underwood Typewriter Company, including earnings, profits, and preferred stock details, with specific per-share par values and dividend notes.
The New York grain market shows spot and futures quotes for wheat and corn with bids on Northern spring and Manitoba varieties. Prices are listed for No 1 red winter No 2 red winter No 1 Manitoba mixed durum and No 2 yellow corn with various basis and spot figures.
New York reports varied international currency demands with significant cable rates. Belgium shows 2585 demand and 8544 cables, Norway 12 40, Sweden 620, Denmark 18.50, Switzerland 4, Spain and Czechoslovakia figure in updates, and Tokyo plus Montreal appear with minor rates.
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