Cheap money still principal feature in trade situation
Markets show cheap money as a continuing influence despite political events. Steel prices drift lower with reduced production and high inventories. grain quotations rise modestly with strong corn and wheat moves. Automobile output is expected to fall below 300000 cars in June, while gasoline prices retreat from a record high. Seaborne trade activity remains steady with carloadings above 900000 weekly, and British and German financial plans loom over currency and commodities markets.
MENTIONED IN THIS ARTICLE
Seow
York
Democratt
Tun Silat
Bank of England
Telpead Sterling
Forthcomina
Pawes Ylin
Tpa
London
The Staggering Cost of Government
A 1924 analysis questions wartime spending by all governments in the United States. It cites census and Treasury figures to claim total outlays near 100 billion, notes heavy taxation and debt, and argues every American family bears about 6000 dollars in eight years. The piece decries a mortgage on national property and a culture of unchecked spending.
MENTIONED IN THIS ARTICLE
United States
Census Bureau
Treasury
Maine
Alfornia
Pacific
Florida
United State
Impame
Schonl
Coperight
Bond Prices Advance Irregularly in Week
New York July 18 AFP bond prices rose to new highs for the year amid quiet money liquidity. liquidity from New York to London reduced New financing and new offerings fell to about 66 million dollars. Several big issues were moved up to capitalize on favorable market conditions and a Japanese utility deal of about 15 million dollars was expected this week.
MENTIONED IN THIS ARTICLE
New York
AFP
Lendon
London
Fortad
Rao Paulo Brasil
Sao Paulo
Rio de Janeies
Hbrazil Central
US port sets record with 126000000 tons handled
Amid a freight surge, American ports report moving 126 million tons, a new record. Port authorities list major hubs including New York, New Orleans, Philadelphia, and San Francisco as handling high cargo volumes in a year.
MENTIONED IN THIS ARTICLE
Surves Vnte Verne Taffic
Dal Burrau
Jugise
Amérian
Baltimore
Bouya
Fordar
New York
Orleans
Angeles
Pan American Trade With U S Increases
Trade with Latin America grew as American merchandise exports rose to about 680 million in the eleven months ended May 1928. Imports from the region declined to around 423.5 million, narrowing the unfavourable trade balance by roughly 309.9 million to about 263.08 million.
MENTIONED IN THIS ARTICLE
Livi Amerea
Steven Notthsa
Carovisnon Bureau
Latin America
Board to Motorize 60 Cargo Vessels
The Shipping Board plans to motorize about 60 cargo vessels using proven slow speed Diesel engines. An initial $250,000,000 budget is set to convert twelve single screw freighters, with competitive bidding to follow plan finalization and nationwide access for bidders. New York officials report plans will proceed after final specifications are drafted.
MENTIONED IN THIS ARTICLE
Shipping Boards Committee On
Chain-Store Group To Offer Banker Shares In Holding Firm
United America Chain Stores Im formed as a holding company fronts shares for fourteen major US chain systems. Simultaneous offerings in New York and London will issue 148 banker shares per block at 1723 dollars each, backing 19000 stores with last year profits over 48 million dollars. The group includes Woolward Kresee Atlantic and Pacific and others like United Drug Schulte Retail Childs and National Tea.
MENTIONED IN THIS ARTICLE
New York
London
Bankers
United States
Woolward Kresee
Theat Atlantic and Pacific
United America
United Drug Company
Schulte
Childs
Way Department
Sloss
National Tea Rampant Ginter Company
Wo Grand Stored
S& HH Brees and Company
Keroger Tincers
Bakin C
British and General de
Brazilian Bonds Decline as London Trade Shifts
In London trading Brazilian bonds fell amid global mood shifts as the Bank of England spared rate action and Macdonald's Paris visit buoyed sentiment. Rubber shares gained after a period of weakness while rubber and textile sectors showed renewed activity. Foreign bonds were uneven, and investors eyed the Hungarian loan and British funds with cautious optimism.
MENTIONED IN THIS ARTICLE
Tandon
Bank of England
Macdonald
Paris
London
Newa
Lark Textiles
Oflx
Royal Dutch
Bituminous Output Nearing Low Record
Bituminous coal production in the United States is near a low record. Output in the wet ending July fell to 735000 net tons, the lowest in five years except for 142 weeks. National coal miners ran operations in all regions. The week’s output was 1,616,009 less than the previous week, while April had shown higher totals. Normally the U S produces about 10,000,000 tons of steam coal weekly with shipments above 17,000,000 tons. Anthracite production remains steady as efforts continue to maintain near-term output.
MENTIONED IN THIS ARTICLE
Westerdax
United States
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First Morteace Investments
WA Man Constructionany
Paice Main
Bevimg
Iman Imere i
Jeane
I. J
Glenny
John Ho
M Wannus
Fenner & Beane
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New York Produce Exchange
New Ork Coffee and Sugar Exchange
New Orleans
Chicago Board of Trade
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Rica
Liverpool Cotton Association
Washington, DC
WM. E. Lewis
Telephones
Gravier Street
New Orleans, la
William Street
New York, NY
D. C
Real Estate Mortgage & Guaranty Corp
L. E. Breuninger, Pres
Jackson Place
Cerner
Co-Operative Building
Heing
Equitable Building
F ST. N.W. Joy
Rank FF. Reeside
Commercial
Nat’l. Bank Building
N.W
Theft International Bank bQs
St. Main
Sia O Rateaet
Federal-American National Bank
ST John Poole Prasisent
Ralph W. Lee & Company
Celorads
U. S
U.S
Thomas Cochran
JP Morgan & Co
Charles T. Mitchell
The
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Washington
Peniasitanta
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Beautiful
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Adam
Wenehler
Autioneer
14Th St. NW
United
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Howe
Crandall
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Conwat Tearle
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Simphant
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Tmawsy
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Edward Albano
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Satin Sen Harey One
Garden OF Music
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Sorris
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Columbia
James Kirkwood
Lila Lee
Margaret Tftingaton
International News
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Tmep Daniels
GEO Macfarlane & CO
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Julius Tannen Se Chatterd
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Panemg
Meyer Davis Music
We & Sat Et
Maaffman
Robert Ames
Lotis Robb Donald Gallaher
POLI
Dewolf Nureee and Ey
Wang” “ Bang
Wik Pirates of
Pervance
Marshall Hall
Daneng
Davis
Hee
Chas
Macalester
Glen Echo
Coney Iland
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