Broad rise in prices as steel stocks lead market rally
New York trading on January 19 showed broad gains with United States Steel briefly eclipsed by Bethlehem Steel as the latter restored its 7 percent preferred dividend. Reading Pacific and Canadian Pacific advanced, Missouri Pacific led low-priced issues, and widespread gains occurred across rail, coal, and industrial shares amid easier money, favorable dividends, and growing export demand. Total sales approached 33 million dollars with most bonds firm except Wabash 4s and Rock Island collateral.
MENTIONED IN THIS ARTICLE
United States Steel
Bethlehem
Reading
Pacific
New York
Stock Exchange
Hmke United States Stess
Amalgamated Copper
The
Pacifica
Missouri Pacific
Canadian Pacific
Coalers
Rangers
Transcontinentals
Southern Roads
Bethlehem Steel
Rock Island
United States
Cail
American ‘Agricultural
American Tel. & Tel
American Smelting Os
American Tobacco
Armour & Co
Ie Ae
Atchison Gen
Aed
Atchison cv
Atlantic Coast Line
Baltimore & Ohio
Brooklyn Transit
Central of Georgia
Chesapeake & Ohio
Chicago, B. & Quincy Joint
Chicago, R. & Quincy
Chicago Great Western
Chicago, Mil
St. P
Chicago
St. P. Gen
R. R. Clit
Chicago & Northwestern
Colorado & Southern
Denver & Rio Grande
Distillera Securities
Erie Co
Erie Gen
General Electric
Great Northern 1St
Tuinoia Central
Bike Interborough
Kansas City Southern
Assam Lake Shore
Sid Liggett & Myers
Poe
Lorillard
Louisville & Nashville
Missouri
Kans
Tex
Bayee
New York Central
New
York City
New York State
New York Railway Adj. Bs
Po Bay YN. H. & Hartford
San Fran
St. Louis Southwestern Con
Seaboard Airline
Ie Southern Bell Tel
Southern Pacific Co
Southern Pacific
Southern Railway
Gen
Texas Company
Bole Texas and Pacific Ist
Third Avenue Adj. Ba
Union F Pacific
Union Pacific
S Steel
Virginia-Carolina Chema
Wabash Ist
Et Western Union
Westinghouse Electric
Go Southern Pacific
Salea, Jha
Amalgamated
Amer
SIM
St. BM
Texas
Amer Card& Foundry
National Biscuit
American Cotton CO
Am. Sm
Norfolk & Western
North American
St Li
Atantic Coast
Pittsburgh Coal
Pressed Steel Cw
Brook, Rapid ‘Transit
Bata
Ray Copper
Iebay
Central
Republic Iron & Steel
Chesapeake
Rock Island Co
Chi SH
Chicago Gt. Western
Mil
St. Paul
At. L
Seaboard Air Line
Chicago & N. W
Coro, Fuel & Iron
Seaboard A. L
Denver & Rio Gr
Tennessee Copper
Distillers’ Securities
Erie
Texas & Pacific
Curatihans
United States Realty
Great Northern
Great North
Orc Otts
Tnited States Steel
Fminois Central
Stes
Interborough Met. I
Utah Copper
Inter.Met
Care. Chemical
Inter. Harvester
Wabasai
Vis
Wabash
Maryland
Reig
Inter
Western Union
GLI
Kansas City
Westhouse Electric
Wheel & Lake Erie
Laclede Gas
Local Stock Exchange and Bond Listings Summary
United States Treasury figures show large bond and stock entries with Washington area utilities and Mergenthaler Linotype among notable issues. Copper prices in New York firm, London copper futures quoted, iron markets quiet. City of Pittsburgh credit balances, shipments, and averages reported for January 18.
Washington Railway and Electric stocks muted after local trading
Local notes show Washington Railway and Electric and Washington Gas in special demand with higher bids but buyers and sellers could not agree. One American Security and Trust director slate was elected, with profits for the year reported and funds allocated for dividends. Security Storage Company re-elected all directors and officers.
MENTIONED IN THIS ARTICLE
Washington Railway and Electric
Mergenthaler
Washington Gas
Washington Gaa Fa
American Security and Trust Company
Milton E. Alles
Charles J. Bell
Henry F. Blount
John C. Boyd
George W. Brown
Albert Carry
William M. Coates
Murray A. Cobb
Willam
Corby
William
Holland writes of May and the shift of finance
Holland recalls Max May as a leading foreign exchange authority and notes a New York trend toward becoming the world money center. The piece highlights May's role at the Guarantee Trust and the long history of international exchange begun by Alexander Brown. It argues war and U.S. manufacturing growth could propel New York ahead of London in global finance, with dollar exchange replacing pounds.
MENTIONED IN THIS ARTICLE
New York
London
Max May
United States
Channing Rudd
Brown Bros
Alexander Brown
Hovae
England
Mr. Brown
Baltimore
Brown
Liverpool
May
Department of Foreign Exchange
Rudd
Balkana
Germany
Europe
Great Britain
Far East
Mr. May
George D. Roberts
The
Mint
Holland
New York Money Market Briefs Skip to Jan 13 Data
Mercantile paper stands at 3 1 4 to 3 16 4 percent with small gains in some categories. Sterling exchange is weak with 60 and 90 day bills around 4 81 75 to 1 and demand near 4 83 85. Government bonds are firm while railroad bonds show strength. Time loans ease and call money remains steady with the ruling rate near 3 percent.
MENTIONED IN THIS ARTICLE
New York
Mercantile
Sterling Exchange
New York Cotton Opens With Movement Then Steady Close
Active general buying opened the New York cotton market but heavy realizing pulled prices back as trading progressed. First prices rose 4 to 10 points, and early months traded 12 3 to 15 points above the prior close with futures ending mixed around 8.36 to 9.27.
MENTIONED IN THIS ARTICLE
York
Cotton Exchange
Liverpool
Wheat Prices Slip as Export Demand Weakens Chicago
Chicago grain notes flattening export demand as wheat closes unsettled, down about 24 7 8 cents from last night. Corn, oats, and provisions also drop. cash quotes show No 2 red wheat around 1.38 to 1.41 and mixed futures across grains with various bid prices listed.
MENTIONED IN THIS ARTICLE
Chicago
Live Stock Markets Report From Chicago and New York
Chicago hogs and cattle supplies shown firm demand with mixed price ranges. Hogs steady with bulk 6.75 to 7.00, cattle native steers 6.65 to 9.40, calves 7.50 to 10.50. Sheep strong with lambs 6.75 to 3.50, New York calves steady, veals 0.50 to 12.50, fed calves 6.50 to 9.00, hogs no trading in New York.
MENTIONED IN THIS ARTICLE
Chicago
New York
New York Grain Spot and Futures Report January 19
Wheat spot weak with No 2 red at 145 and No 2 hard 1.47 cents. Futures May 1.47, July 1.3035. Corn spot easy No 2 yellow 82.5 cents delivered. Argentine prime corn 78 nominal. Oats spot easy standard 58. No 3 white 58. Fancy clipped white 60 61. Rye and barley steady.
MENTIONED IN THIS ARTICLE
New York
Duluth
Manitoba
I. F
Buffalo
Local Produce Market Wholesale Prices Report
Market reports week by week show meat and poultry supply exceeding demand pushing prices down. Eggs and dairy fall with milder weather. Regional items list live chickens to dressed hogs, plus vegetables and green fruits with varied per unit and per crate prices.
Philadelphia Markets Reported Butter Eggs and Grain
Philadelphia markets note butter ready and firmer egg prices with near receipts. Cheese holds firm while wheat declines with spot and export quotes for No 2 red and No 1 northern Duluth. Corn and oats steady in early trading.
MENTIONED IN THIS ARTICLE
Philadelphia
F. c
Duluth
Cottonseed Oil Prices and Futures Bid
New York report lists prime crude rates around 6.72 to 6.83 for various months with summer yellow and white grades quoted. Prices show January at 6.76, February 6.76, March 6.83, and June to July around mid to low 7s.
MENTIONED IN THIS ARTICLE
New York
Gould Family Loses Control Of Missouri Pacific
St. Louis January 19 reporting the Goulds no longer control Missouri Pacific Railroad. Public records show the Goulds hold only 6,115 shares of 830,000, with Mrs Helen Gould Shepard owning the bulk at 4,418 and other members holding small stakes. John T Milliken remains the largest holder with 6,500 shares as Kuhn Loeb Blair & Co Deutsche Bank named as potential financial managers to supply needed cash for maturing obligations.
MENTIONED IN THIS ARTICLE
St. Louis
Goulds
Missouri Pacific Railroad
Helen Gould Shepard
Missouri Public Service Commission
Gould
Missouri Pacific
Public Service Commission
George J. Gould
Frank Gould
Edwin Gould
Howard
Kingdon
B. Edith
Katherine
John F
Willits E. Gouw
Finney J. Shepard
John T. Millken
Kuhn, Loeb & Co
Blair & Co
New York
Deutsche Bank
Berlin
Rumely Company Receivership Granted in War Crisis
Finley P. Mount an Indianapolis attorney appointed sole receiver for Rumely Company, a $30 million agricultural machinery maker, by Judge A B Anderson. Creditors had urged Clarence S. Funk and Stephen B. Fleming as joint receivers, but Funk’s nonresidency and wartime financial strains led to Mount’s selection.
MENTIONED IN THIS ARTICLE
Agricultural Machinery Concern
Indianapolis
Ind
Finley P. Mount
Rumely Company
A. B. Anderson
United States District Court
Clarance S. Funk
Chicago
Stephen B. Fleming
Fort Wayne
Bethlehem Steel Raises Annual Dividend to Seven Percent
The Bethlehem Steel Corporation today declared a seven percent annual dividend on its preferred stock, two percent higher than last year. Dividends are payable quarterly at one and a third percent each. The company has recently secured large foreign government munitions orders.
MENTIONED IN THIS ARTICLE
New York
Bethlehem Steel Corporation
Munsey Trust Company
Ieata
Big Man
Httie
Trade declines dampen foreign commerce this week
Department of Commerce data show exports at 59 214 338 and imports 25 443 752 creating a 83 765 586 balance in favor of the United States a drop of 1 326 867 from last week. Cotton exports totaled 240 752 bales with six week total 1 622 938. Grafton Bank in West Virginia failed to open and was placed under state control as a run on the money market prompted closure. Charles R Durbin served as president.
MENTIONED IN THIS ARTICLE
Department of Commerce
United
Grafton
W. Va
Grafton Bank
State Banking Department
John T. McGraw
Charles R. Durbin
New York Produce Prices and Market Summary Jan 15
Butter steady and unchanged. Cheese quiet. Eggs steady with large receipts. Fresh gathered and other egg grades priced. Poultry alive steady. western chickens and fowls bidding mild. Dressed meat quiet. western roasting chickens and fowls steady to higher. Sugar futures mixed. wheat and cornmeal steady. Pork steady. lard easy. Market tones reflect steady demand across commodities.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Kaneas
Middle West
Virginia lawmakers clash over new segregation tax measure
A new segregation tax plan proposed by Aubrey Weaver seeks state only taxation of most property while railroads rolling stock and intangible property would be taxed at the state level. The House finance committee, by 83 to 4, advanced the bill before declaring the measure unconstitutional. Attorney General Pollard deemed the Donehos bill unconstitutional, as delegates argued over the segregationist approach and its political implications.
MENTIONED IN THIS ARTICLE
Washington Post
Richmond
House Finance Committee
Aubrey Weaver
Warren
House
Stuart
John Garland Pollard
Hill
Weaver
Gordon
Louisa
Lesner
Norfolk
Tax Commission
Bankers plan to abandon 100 million gold pool
The 100 million gold pool formed to meet American obligations abroad after the European war outbreak will be abandoned as bankers believe the need has passed. Bankers backing the pool informed the Federal Reserve Board, which had given initial sanction before plans were finished. Officials see the move as proof the foreign exchange problem has settled.
MENTIONED IN THIS ARTICLE
Federal Reserve’ Board
U S May Get Black Pope as Jesuit Leader Candidate
New York reports Rev William H Clarke vice president of St Francis Xavier College in Brooklyn among passengers leaving for Naples aboard Duc d Aosta to attend the Jesuit congregation. Delegates from Jesuit provinces worldwide will choose a praepositus general to succeed Francis Xavier Wernz. American influence runs high and Clarke has been named as the potential candidate.
MENTIONED IN THIS ARTICLE
New York
Naples
William H. Clarke
St. Francia Xavier College
Brooklyn
Society of Jesus
Joseph Maas
S. J
New York-Maryland
Thomas Gannon
Jesuit Seminary
Pius X
Father Clarke
Also Mentioned on This Page
U.S
U. S&s
T. S
Braden Copper
British American Tobacco
New i Gold
Fior
Goldfield
Havana Tobacco
Lehigh C. Sales
Standard Oi
N J
Old Atock
N. I Sgub
California
Standard Oil
Indiana
Kansas
Kentucky
Nebraska
Standard Oil of
Standard
Ohio
Tonopah Mining
Tonopah United Ct
Yukon Gold
United States Treasury
Local Stock Exchange
Boston
Potomac Electric Light
Potomac Electric Cons
Mergenthaler Linotype
City
Georgetown Gas &S
Columbia Gas & Electric
Capital Traction Co. Fs
Ann. & Pot
R. FR
Anacostia & Pot
City & Suburban Ry
Metropolitan Railway
Mercresaury
Washington Ry
Elec
P. Telephone
Amer. Tel
Tel
Treasury
Federal Reserve
National Bank
Market Co. Ba
Market Ca. Is
Capital Traction Co
Philippines
Waah
Elec. Com
Eral
Tel. Go. Oe
Wiedaeestads
Greene-Cananea Copper
General Fund
Trust National Bank
Columbia Commercial
District
Farmers & Mechanics
Lincoln
Metropolitan O
Washington
Alaska
TRUST
Maine
Amer. Security and Trust
the Butte & Superior Mining
Wash
Loan and Trust
Sag Continental Arty
Calumet & Arizona Mining
Savings Bank
Calumet & Hecla Mining
Chino Mining
Home Savings Bank
Commerce & Saving
Nl Bi
East Butte Mining
East Washington Savings Tee
Granby
Greene-Cananea “Mining
Arlington
Hancock Consolidated Mining
Corcorana Mohawk Mining
Nevada Consolidated Mining
German-Am N.Y. N.h&national Union
North Butte
Old Dominion Mining
Columbia
Ray Consolidated Mining
Shannon Mining
Superior Mining
United Fruit
Chapin-Sacks Co
Utah Consolidated Mining
American Graphophone
Utah Copper Mining
Winona Mining
We American
Graphophone
Wolverines Mining
Merch
Security Storage Co
Sopa
Ipa
American Security and Trust
Security Storage Company
Co. A. Aspinwall
Albert M.read
Henry Hurt
William J. Flather
Clarence F. Norment
Albert M. Read
A. Aspinwall
Co. P. Ravenburg
Charles J. Pimper
NEW York Stock Market
Max
Guarantee Trust Institution
Ita
New Orleans
Galveston
Mobile
Savannah
Charlesto
Wilmington
Texas City
Baltimo
Philadel
Salea
Galves
Houston
Memphis
Augusta
Little Rock
Dallas
Holiday
Chicago Grain
NEW York Grain
Local Produce Market
Virginia
Florida
Washington Cattle Market
Milliken
Rumely CO
Bethlehem Company
Columbia Chamber of Commerce
Interstate Commerce Commission
West Virginia Bank
Munsey Trust CO
Munsey
Frank A. Munsey
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
American League Baseball Club
Benjamin &. Minor
Edward J. Walsh
Clark
Grimm
W. A Rapley
Rudolph Kauffman
Miller Kenyon
Thornton Thesley
T. Benjamin & Minog
Washington American League Baseball Club
Dodewike
Oy Deanu
Benjamin
Minor
Neenau Laub
D.C
Virginia House
U. S
Riggs Rational Bank
Penn. Ave. Opp, & Treasure
Potomac
Georgetown
Fema
Halfway
Mthaler
Beurtch’s Brewing
Southern Bank
FrankHo Nat. Bank
Rigas Nat. Bank
Thomas L. Hume
Rooma
T. M
Tee
Hentzls
Washington Loan & Trust Company Cor
John Joy Edson
F. R. Dorr
16Th St
Napoleon
Freilfiles
Arthur Cowsill
Hibbs
15Th St
A & Moses Co., Inc
Chris Cox Dawson
15Th Street
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