Good Signs Seen in Oil and Copper Trade
Market optimism grows as steel and cotton outlook brightens. Domestic oil and copper prices rise with signals of stronger demand, while Mexico’s petroleum imports fall and mine operations struggle to reach full capacity.
MENTIONED IN THIS ARTICLE
Moekkers
Pew
Mexico
Pries
San Francisco
Belfran
Pacific
Atlantic Seaboard
France
Atlantic
Paris Bourse Shows Mixed Outlook Amid Debts and Loans
Paris financial brief notes wavering sentiment over the Loucheur Hathena accord and possible US debt action. Major securities fall 10 to 5 percent from last week while money remains ample. Credit Nationale midmonth loan expected to leave surplus for open market. investors cite London stagnation and anticipate renewed cross-channel interest.
MENTIONED IN THIS ARTICLE
Paris
France
Germany
Washington
Credit Nationale
London
United States
San Francisco’s bright promise amid postwar trade woes
San Francisco blends a cosmopolitan banking scene with a mixed ledger of industry. Farming and fish packing drive output while gold, citrus, and wine markets rebound. labor unions challenge growth, rail rates adjust, and Prohibition reshapes the local economy amid shifting demand and prices.
MENTIONED IN THIS ARTICLE
San Francisco
Pacific Coast
British gilt edge securities market and debt talks
Capel court last week showed confusion and excitement as Mexican eagles fell while new issues such as London Electric and Mersey Power attracted buyers. Shares sagged and the market stayed nervous though gilt edge securities remained firm. Hartley Withers argues Churchill’s Dundee speech risks Britain’s standing with America by proposing to cancel allied debts if America forgives British debts.
MENTIONED IN THIS ARTICLE
Capie
Argentina
Hartley Withers
Winston Spencer Churchill
Dundee
Churchill
Great Britain
America
United States
Prac
European debt and German indemnity reform urged
A 1921 New York Herald article argues for mutual indebtedness relief among Europe and calls for revising German indemnity payments. It criticizes America's tariff policy and gold hoard, urging U S and European allies to balance budgets and mobilize capital for Europe and global needs.
MENTIONED IN THIS ARTICLE
Teally
America
Europe
The
New York Herald
Wallace Praises Growers Draft Rule On Rediscounting
Secretary Henry C Wallace says Federal Reserve Board ruling classifies growers drafts to cooperative marketing associations as agricultural paper eligible for rediscount at Fed banks. This expands credit for farm use by treating drafts as advances by the association, not sales, under pooling operations.
MENTIONED IN THIS ARTICLE
Concern Mills Cac Cus
Federal Reserve Board
Federal Reserve Banks
Secretary of Agriculture
Henry C Wallace
Federal Reserve System
Railroads Cut Maintenance Spending Boosts August Net Income
August reports from 201 railsroads show maintenance costs down by about 151 million from 1920, enabling a net operating income of 90.2 million. Revenues totaled 505.1 million, down 89 percent year over year, while expenses fell 43.9 percent to 381.9 million. Wage reductions since July 1, 1921 aided the cost decrease.
Railroads report sharp declines in maintenance and revenue
Interpretable reports show Western district railroads spent about 70 million on maintenance in August, a 50.7 percent drop from 2020. Eastern district maintenance fell to 83 million, down 43 percent, while Southern district maintenance reached 29 million, down 35.7 percent. Eastern revenues dropped to 222.449 million, a 113.7 percent fall from a year ago, with expenses at 176.484 million, down 44.1 percent. Southern district revenues were 71.699 million, down 14.1 percent, with expenses at 60.673 million, down 35.6 percent. Southern net income was 7.461 million, versus a 13.175 million deficit last August.
MENTIONED IN THIS ARTICLE
Western
United States
Interstate Commerce Commission
Southern District
Southern Roads
Also Mentioned on This Page
William W. Graig
New York
Bourse
Richard Spillan
Yokohama Specie Bank
Sumitomo Bank, Ltd
Anglo
London-Paris National
Bank of Italy
Fish Packing Planta
Hetch Hetchy
Union Iron Works
Blz
Alaska
Alaska-California Packing Corporation
Alaska Packers Association
Sacramento Valley
Sacramento Country
California
Financial Ciycles
I Dent
Weil
Banque de Paris Et Pays Bas
Banque Industrielle de Chine
Paul Doumer
Anji
Calfornia
Light Winea
Los Angeles
Pubic Ledger Co
Wallace
Peter Barkan
Peter Perkins
Kriebel & CO. Investment Securities
South la Salle St
Chicago
Lenane Gly Indiasspelin
Milwaukee
Fockierd
Mero Metreil Glevelend
St. Lewis Cinoieazt
L. B
Library Bureau
R. O. Saunders
Fifteenth Street
N. W
Washington, D. C
Bom
Smeer Transportation Costa Dus
N. Y. Stock Exchange
Mr. Bullard
N. Charles Street
Baltimore, Md
Gall
Riemer & CO
Ralph W. Lee & Company
Ernst & Ernst
TAX Service
Munsey Bue
Equitable Cooperative Building Association
Corgnaix
Equitable
Swartzell, Rheem& Hensey Co
Asheville, N.C
New York City
Chester B. Masstich, Esq
St. Louis
Cincinnnati
William R.gmpton Company
Woodward Bite
Wall Street
Floyd RR. Miller
New Orleans