Second-Grade Rail Bonds Hold Strong Amid Market Gains
A US market report notes broad gains across bonds with foreign issues advancing fractionally. Second‑grade rails show renewed strength as Missouri Kansas Texas reorganization plans influence debt, while Cuba Cane Sugar and Sinclair Oil slip fractionally amid mixed trading on the curb.
CurB Market Review Highlights Rail Securities Trades
Sperm to Washington Park New York, Nov 22. Missouri Sansas and Texas Railway securities entered on a trading basis after new reorganization plans. Principal issues included prior lien bonds of 1961, gold bonds, and preferred stock. Simms Petroleum led gains with a large fractional move to 10. Imperial Oil of Canada active, not following a fixed price path. The market showed demand for coal and sulfur stocks and mixed results across energy and industrials. Also noted were insider activity around National Tin and price shifts in Canadian Pacific and other rails. In New York trading, National City Bank announced control of Second National Bank, with Second National having 41 million capital and 17.7 million deposits.
MENTIONED IN THIS ARTICLE
Washington Park
New York
Missouri
Sansas and
Texas Railway
Pri
Delaware
Standard Oil
Indiana
Glen Alden
California
National Tin Aetoh
Tran Rhaid
Boston
Montana
Nipissing
New Dominion
Activit Sour
Kansas
Texas
Bond
Hamilton Bank Quarters Rebuilt for Mount Pleasant Area
Riggs National Bank moves to take control of Hamilton Savings Bank at 3308 Fourteenth Street Northwest. A remodel is under way to create a modern neighborhood bank at the corner of Fourteenth and Park. Officials expect increased business in Mount Pleasant and related neighborhood improvements. The District Bankers Association hosts the American Bankers Association executive council December 11–12, with plans to discuss treasury issues and a blue sky stock law for Washington.
MENTIONED IN THIS ARTICLE
Uy Morris H. Glazer
Riggs National Bank
Hamilton Savings Bank
Fourteenth Street
Park Road
Riges Bank
Hamilton
Mount Pleasant
Washington
District of Columbia Bankers’ Association
American Bankers’ Association
George Q. Watson
Liberty National Bank
Mellon
Treasury
District of Columbia
Washington Exchange Prices Show Mixed Trading After Rally
Prices on the Washington Stock Exchange drifted with scattered small lots. Washington Railway and Electric preferred at 65, Capital Traction around 92, Potomac Electric 88, and the new issue at 102 and 102.34. Mergenthaler and Washington Gas moved variedly, with routine call and after call quotations noted for several issues. Also listed are live poultry and produce prices from the U.S. Bureau of Markets with detailed wholesale-to-retail ranges for apples, cabbage, onions, potatoes, lettuce, citrus, and other staples.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Washington Railway and Electric Preferred
Washington Gas
Capital Traction
Mergenthaler
Potomac Electric Consolidated
Washington Railway and Electric
Washington Railway & Electric
Washington Railway & Electric Pia
Potomac Electric Power Gen. Mige
W. i
Mergenthater Linotype
Potomac Electric
Bureau of Markets and Crop Estimates
Virginias
St Virginias
York Imperials
Nova Scotias
Tompkins
New York
Ohios
New Yorks
$100 000 Tax Suit Filed Against Former Seven Mining Directors
New York Nov 22 suit for 100000 dollars in unpaid federal taxes plus penalties totaling about 130 percent was filed in US district court against 24 former directors of the Seven mining corporations absorbed in 1910 by Anaconda Copper. Names include John D Ryan and Wm Rockefeller. corporations listed include Amalgamated Copper, Silver Mining and others.
MENTIONED IN THIS ARTICLE
New York
United States District Court
Anaconda Copper Mining Company
United States
Keith Lorenz
John D. Ryan
William Rockefeller H. H. Rogers
William G. Rockefeller
Adolph Lewisohn
Amalgamated Copper Company
Boston and Montana
Silver Mining Company
Butte-Boston Consolidated Copper and Silver Mining Company
Butte Coalition Mining Company
Trenton Mining and Developing Company
Parrott Silver and Copper Company
Washoe Copper Company
Chicago Grain Markets Suffer Mixed Wheat and Corn Movement
May wheat closed steady to slightly higher as selling pressure eased on declines while demand improved on downswings. Corn held near last finish with slight gains, and provisions moved up modestly amid a generally firm grain market in Chicago and New York trading.
MENTIONED IN THIS ARTICLE
L. &. Bureau of
Montana
Rest Po
New York
Facor
Northern, Ltd
Chinese Buy American Goods Even at a Loss
Chinese shoppers prefer American products over Japanese ones, even at higher prices, due to perceived better treatment by American sellers. P K Chu of the Shanghai Chinese Daily News told members of the Washington Advertising club at a luncheon that Chinese traders express displeasure with Japan through purchasing choices and boycott Japanese goods.
MENTIONED IN THIS ARTICLE
China
P. K. Chu
Shanghai Chinese Daily News
Washington Advertising Club
Madrison
Japan
Easier Money Conditions From Rail Road Financing Move
Easier money conditions result from the administration not pressing a bill to refund railroad indebtedness to the Treasury. President Harding is said to have authority under existing law to meet railroad financing needs, with a ready market for securities from credit exchanges. Equipment trust certificates sold total about 9 1414 060 000, leaving around 200 million more to dispose of, enabling extended funding without new legislation.
MENTIONED IN THIS ARTICLE
Treasury
Harding
Auditor Probing American Telegraphone Co. Stockholders
Supreme Court auditor Herbert I. Davis has been directed by the District Supreme Court to inspect the records of the American Telegraphone Company and report to the court the names of all stockholders, in a probe valued at five million dollars.
MENTIONED IN THIS ARTICLE
Supreme Court
American Telegraphone Co
Herbert I. Davis
District Supreme Court
American Telegraphone Company
Ree
Builders urged to sell notes to NMIC in real estate deals
Financial notice calls builders to act as National Mortgage and Investment Corp seeks to purchase second trust mortgage notes on improved real estate payable monthly and notes secured by deeds of trust on undivided interests in real estate, through its temporary offices in the Lansbury Building at 1418 I Street N. W.
MENTIONED IN THIS ARTICLE
National Mortgage and Investment Corporation
Katal Mortgage and Investment Corporation
Lansbury
I Street
N. W
Company reorganizes. stock records handed to auditor
The company organized in 1993 under District law with capital stock of 5 million dollars in 10 dollar shares. About 17,000 stockholders. all books and records are being turned over to Auditor Davis. No transfer of stock can occur during the pendency of the cause before the auditor.
MENTIONED IN THIS ARTICLE
Ord
Davis
Metal market reports steady copper and tin prices
New York copper firmer at 1346 13 4, 132% 13% later. Tin steady at 29.62 futures 29.62. Lead and zinc mostly steady. London copper spot £66 lis, futures £67 lbs. Electro lytic spot £174 10s, tin spot £161 12s 6d futures £163 7s 6d. Lead spot £24 lis, futures £24 5s. Line spot £25 lis 1d, futures £26 10s.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
London
Also Mentioned on This Page
Cuba
Sinclair Oil 7S
Conong
Jabert
Chicago
Great Western
Ansatle
Waterday
Sinclair Gdds
Curb Market Review
London Market Review
Tomton
Indu
Espneia
Aimericarast
Tusterdoof
Teduahie
Lombard Street
Aaice & Stil
Ids
Eurnilever Felte GS
Berlus
Isn
Portico Feder Cu
Bites
Vic Mazous
New York Avenue
Esterday
Disarice Supreme Cours Pentioner
SIS
Po Morris Wampler
Marine
National City Branch
The
National City Bank
Second National Bank
Second National
W. B. Hibbs & Co
Askedevia Explosives
Allied Oi
Ah Cities Service
Cities Service
Commonwealth Finance
Ua Consolidated Copper
Continental Motors
Te Crean Gold
Pavis-Daly
Ge Dominion Oibse & Durant
Ensland
Stiette SiaFety
Hillsland Oil
Glen Alden Coal
Iustey
Gillespie
Perfertier Omicet &I
EL Runel
Roan
Newit Creek
Apulpa
Imms Petrol
Hoyly Oil
A Gyuthern
Yal & Tron
Awets Co. of America
Swift
Linton Retail
Wet Ind Consolidated
Wrient-Martin
Armour Leather
Te Union Arbide
Wahl
Anglo. Wer. Oil Co. New
Lorne-Scrymser Co
Igudhe
Fg. Co
Chesebrougl Oe
Continenti Co
Ceent
Cumberland
Eureka
Guiena. Nat Qil Co
Galena Signal Oil Co
Tilinois Pipe Line Co
Dn Na
National Transit Co
NL OY. ‘Transportation “Co
Northern Pipe Lime Co
Ohio Oil
Ben -M Cao Iruel
Pr Os and Gas Co
Prairie Pipe Line Co
Solar Refining
Southern Pipe’ Line
South Penn. Oil Co
G. W. Penn
Standard Oil Co
Ind
Stanard Oi Co
Wwans
Bee Oo Standard Oi) Co
Standard Oi
Nebr
Standard Oit Co
Ohio
Wan & Finch Ae Enum
Wasington
Atlas
Dupont
Pipont Pra
Payont Chemical
Ainal Hercules
Hercules
Regis Et Wy Taanema
Wws
S. Liberty
Fabert
Vibert
Ag Libert
Hsden
wee + ae
Deelen
Riggs Duasseldort
Irankfortier
Wee
Timburg
Nes
Bure
Hamburs
Hamburg
Oe Ae
Acip
Lewy
Aie
Veerman
Ge Krupp
Jinan
Laat Rest
Hamilton Bank
Riggs
Mt. Pleasant
District Bankers Association
Banks
Baltimore. Securities
Philadelphia
New_York
Oil City
Washington Post
Baltimore
National Bank of Balto
Continental Trust
Maryland Casualty
Mauitable Trust
Houston
Rys
Elec. Co
Balto
City
Ita
Penn. Wat
P. Fs
Rys. Unid
Elec, Inc
Local Stock Exchange
Local Produce Market
Asa Ikea. Am
American Tel. & Teleg
Traction Beashington Craig AG
Steamboat
Ry. 1
Ry. & BL Co
National Banis
American
Capital Ae
Columbia
Ce District
Farmers & Mechan
Federal
Liberty
Lincoln É Oh
Ings Ie
Pry
Washington Trust GondaNiEs
Amer. Security & Trust
National Laws & Trust
Zy Union Trust
Wash, Loan & ‘Trust
Commerce & Savings
Washington Merchants’ Bank
Seventh Street
Union
Washington Mechanics
Arlington
Corcorana
Daltiimore
Maryland
Pennsylvania
West
Virginia
West Virginia
Kent Island
Aginae
Bomot
New Jersey
Hennery
Orn Hennery
Turkey
Middle West
Rio Te
Santos Ds
NEW York Grain
Wsmas
Ned Manitoba
C. i
Galvexton
Sava
Cpnereston
Wimington
Essa Cie
Norfot
Battimore TA Tester
Thilsdel
York
BIG
Ratal
Snag
Nate New Orlen
Galveestan
Mobile
Advannaiy
Pi Norfolk
Recvipta
Shiyu
Stee
Memphi
Angaeta
St. Bou
Atlinta
Little Raul
Dullas
Montgor
Lotat Tode
Gus
Sale
Memphis
al- Little Rock
Dellas
Wists
Sloan
Akinitch
Pening
Ic Hobsons Eia
Samuel Ungerleider & Co
New Willard Hotel
James Sloan, Jr
New York Stock Exchange
Cleveland Stock Exchange
Pittsburgh Stock Exchange
Columbus Stock Exchange
Chicago Board of Trade
Leader-News Bldg
Cleveland, Ohio
Chamber of Commerce
Columbus, Ohio
Bache & Co
Halle & Steight
City OF
Seattle
State of Washington
New York City
State of
U. S
Chester B. Masslich
R. M. Grant & Co
Nassau St., New York
St. Louis
Shanghai
PROBE
Miller Train Control
Daliva
Harrisonburg, Ya
Buhiea Financial
N.Y. Stock Exchange
Corb Market Exchange
Elec
Dent. P
Oppenheimer & Broadway New
S. O. of
S. O
Prairie Oil & Gas S. O. of
S.O
L. L. Winkelman & CO
South Street
Calvert
Broad St
William S. Phillips
New York Ave