Word: yorke
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...week before Labor Day traditionally marks an ebb of financial activity. Last week's was not only ebb but neap tide. Trading in bonds on the New York Stock Exchange one day was only $3,730,000, smallest since 1918. Volume of August stock trading had totaled only 17,220,000 shares, smallest for that month since 1934. Gloom hung so heavy in Wall Street that a seat on the Exchange sold for $75,000, lowest price since April 1935. On the sole million-share day last week 143 issues found new lows. On a recession not so great...
...with TVA. This hefty expansion could be swung by private financing, but August Kochs has lately been pestered by stockholders who want a market valuation for their stock. Therefore last week Victor Chemical Works offered a public sale of 150,000 shares, planned to seek listing on the New York Stock Exchange. Half the stock represents new financing, half was acquired from a group of stockholders. Price: $19 per share...
Markets 6 Exchanges-War was apparently only one of many reasons for the slump in the New York Stock Exchange (see p. 57), but other Exchange excitement could be laid entirely at war's door. Wheat jumped 3? a bushel one day on the Chicago and Winnipeg markets on a general war scare. Japanese bonds, in spite of a rally, stood 15 points below their price three weeks ago-a pain to U. S. banks which hold them as collateral for loans to Japan...
...Passenger traffic to China had ceased almost entirely, although traffic to Japan suffered little. Marine underwriters discontinued (or raised to prohibitive heights) war risk insurance on all cargoes to be unloaded at Chinese ports. This promptly affected exports, for banks generally refused to advance credit on uninsured shipments. New York seamen contributed to the trouble by agitating for war risk pay when serving on ships in "endangered waters." The Dollar Line had one consolation: fat fees due from the Government for rescuing five shiploads of refugees from Shanghai and carrying 1,200 troops there from Manila...
...rose 20% over the same period last year, but exports to Japan rose 77% to $165,000,000 and exports to China rose 50% to $31,000,000, indicating that both warring factions anticipated trouble. Last week trade to Japan had suffered little, as was shown by the New York silk market, where prices declined on the belief that imports from Japan would continue to arrive on schedule. But exports to China were way off, since Shanghai normally handles more than 50% of China's foreign trade. Fruits and groceries consigned there were unloaded from ships in San Francisco...