OCR Interpretation


The daily press. (White Plains, N.Y.) 1929-????, June 06, 1929, Image 5

Image and text provided by White Plains Public Library

Persistent link: http://dev.nyshistoricnewspapers.org/lccn/sn2001062090/1929-06-06/ed-1/seq-5/


Thumbnail for 5
j EI.KFHONB. 9200 THE DAILY PRESS, WHITE PLAINS, N. Y., THURSDAY, JUNE 6, 1929 w. 92QQ filNANCIAL NEWS— STOCK MARKET REVIEW Dealings in Newark Stocks (Continued From Pag# One) I R T . __________ *4* 39 St Joe Lead _®»% 1 (Continued From Pag* t 1:10 p, ra. prlcee were Irregular. Alleghany Corp - Allied Chem .. Allle Chaim - — 137% 13814 _ 90*4 98% — 106*4 10714 _ 59!, 5914 — 119% 12114 - 564, 57 Vi _ 116!% 115% . 50 5114 .10114 100*4 62% 64% 7714 21014 Am Kepuoe r. ou Am Smelt _ -4_jc_101 ' Am Steel Fdy^t. _____ 62' Am Sugar i€l ----------- 77 Am TAT _______ 210 Am Tob _____ . _______ 170 Am Tob B __________ 170 Am Water Work* ----- 111% 11214 Anaconda ______ — ,, ..105*4 10614 Andee Copr _• -------------- 50% 5014 Arpiour A __ _________ 1114 1114 Armour B Inland Steel _ Int Hue Mach _ Int Combuet _ Int Harvest — Int Nick -------- Int T * T ----- John* Man villa Kelly Springfield Kennecotl Kresge SS Kroger Groey Lei Valy ------------- - si Liquid Carbon -------- 81 % Ixjew* Inc , — — - 55% Ixirtllard . Atchlaon Top ASF ---- 217 !4 217% All Coajt Line ------------ 188 All Gulf _________ _ ___ 62 63 All Ref _____________ 66*4 6614 H A O xr ________ __ 118 Ramadan A .... ......... 42% 12014 Beech Nut Pkg _____ 78% Bethlm Steel xr „ __ _ OSS Borden Co ____ ■ _____ 216 'i ByerfA^M . — jL — . 125 Calif Pkg St L San Fran ------ i ---- 111% 116% 88 Schulte Retail 8torea _ 20 j Scant Roebuck --------- -156% 158 62 I Shattuck F G ------------- 160 102 106 i Simmons Co ------------- 88% 89 <8 Vi Sinclair OU ------------- 38% 39 84% So Pae New York Title Company Names Strong Committee As Westchester Advisers BUSINESS RECORDS OF WESTCHESTER COUNTY (Continued From Page One) __________ . 84% 136 : 168% 169 Stan G A Eleq ----- 15% [Stan Oil Cal ------ 84S Stan Oil N J ------- [ Stan Oil N T ----- 83!» ! Stewart Warner _ Studebakcr _ _ 95% ,96 Vi _ 76% — i% ,T IS J 5< + 41 j Tenn Corp ----- !_ 81% ; Tex Corp ___ __ Tex Gulf _____ Mack Trucka --------- Mar land Oil --------- May Dept Store* __ Mex Reabd ----------- Miami Copr -------- Mo Kana Tex ------ - Mo Pac ------ ------- r Mohawk Carpet ---- Monty Ward --------- Mullins Mfg ---- /— Timken Roll Brg . _110 112 _ 48 Murray Corp ------------- 94 9SVi Naah Motor* ------------- 85% 84% Nat Biacult ------------- 182 180 Nat Caah Reg A ------- 110V4 112 Nat Dairy Prod -------- 66N 68% Nat Pwr A LI ----------- 52% SO Neva Corp ------------- <«% ««% N Y Air Brake ----------- 4JH 44% N Y Cent ----------------- 196% 196 28V4 N Y Chi A St L ---------- 187V4 138% I N Y N H A H ____ _ ___ 106% 109 75 j N Y Ont A Welt -------- 25 43% ! Norf A Weat _______ :_212% 214% | North Am ---- ------------- 114% > 119 Calumet A Heel* _ Canada Dry G A ___ _ _____ ___ Can Pac — : ------------- .226% 226% i North Pac Caae Threah .. ---------- 328 325 otl* Steel Central Alloy Steel ..... 43% 43% I p*c G A Elec Cerro De Pneco ------- - 90% 98% | Packard Motor _______ 137 Cert - Teed Prod* ----- 25% 25% p» n Am Pet B __________ 60' Che* Corp ----------------- 100% 102% , park A Til ... .1 _______ 56 k Ohio -------- -218% 218 l Par* F» m Laaky ______ 64' Un Carbide ---------------- 86% Un Pac ______________ 228S Untd Elec Coal _____ : *4% Caat Iron Pipe ___ 33% UJV lnd Alcohol... U S Leather ____ U 8 Realty _ U S Rubber _ U S Steel __ Dtllltlea Pwr A ‘ U A Vanadium ------------------- 78 Warner Broa Plcta ____ 116% Weat Mdf ____ j ________ 41 Weat Un _22H itlnghouae Air Br — 45 46% Weatlnghouae Elec - _ 154 153% Willy. Overland ______ 22% 22 Wool worth __________ 219 219% Wright Aero ___ _____ 118 120% Yelo Truck ---------------- 88% 39 Youngstown Sb A T-- 129% 129 quarters are at 2 Palisade avenue. Yonkers. He la thoroughly famil ­ iar with this section. Asa Gcedlng le at Pleaaantvllle road. Bralrcllff Manor, and represents northern Westcheater County. The Committee held Itaflrat regu ­ lar meeting yes ­ terday at the of ­ fice of the Now York Title and Mortgage Com ­ pany In White Plains where It was evident from the enthusiasm of the members that the Interest taken In the new under ­ taking by the mbera of this w committee would be far from perfunctory. Matters concerning Westchester were discussed, each person adding hts experiences, a knowledge of! real aatate. together with hts Intimate acquaintance with ZSBi. O-BBIEN conditions In his own community. fund of informa ­ tion. now made available to the company, to guide 11 ■ operations. While no definite date* set for Committee meeting., the ed- vl.or. will be at t h e disposal o f the New York Title end 'Mort w so . vex gage Com pen, whenever needed and It la thought that a meeting will be held once a month, particularly In the omre active business periods of\the year. All the member, of t.r Advisory Committee of the New York Title and Mortgage Company are either present or past members of the Board of Governors \ Westchester County Real Estate Board. Brokers ’ Loans By AIXIBTON CRAUli .104% 105% 39% C M St P A C M St P A Pac pf 60% Chi A NW - -------------- 83% Chi Pncum Tool ....... - 33% Chi R 1 A Pac ------------ 123 Chryalet Collin* A Aik man — '51% Colo Fuel _____ ______ 60% Columbia Gaa A Elec ... 75% Columbia Graph ......... 74% Cominer Solvent* . — 362 Commonwealth Pwr . 213 214 n Nairn _________ 21% Tt2 *2% , park Utah . 31% j Pathe Each --------- M % | Peerless Motor ___ 53 V j Penn R R _______ Phil A Read C A I Phillip# Pete -------- £ Pierce Arc ------------ 88 Postum Co Inc • ___ Prairie Oil A Gaa. _ ----------- m -.109% 108% 165 Cone Gaa Conti Can ------ _ Conti Motors ------- Corn Prods — tt . - ■ Coty Ino ------ « ___ Curtiss Aero _____ Davison Chem ----- Del A Hudson ___ Drug Inc ________ Du Pont D* Nem .. Elec Auto Lt -------- Flelschmann -------- Fox Film A -------- Freeport Tex ------- Gen Asphalt _____ Gen Cable . - ----- -- Gen Cable a _____ G,n Cigar .. ....... .. Gen Elec ______ Gen Motors ______ ___ Gen Ry 8lgnl ----------- 109% 112 Gill Safe Rax ______ 105% 106 Gold Dust ------------------- 58% 60 Goodrich _ •- 76% 77 Goodyear . --------------- 117% 118 Graham Paige .2 ___ _ 29% . 29 Granby Conn - ------------- 74% 73' Great Weat Sugar _____ 38% 36' Greene Cananra xd — 145% 146 Gulf States Steel ____ 57 Hahn Dept Stores ------- 35% 35 Herah Choc ---------------- 89% 89 Howe Bound , 6214 Hudson Motor ----------- 81% Hupp Motor ---------- 42 TO* Public Svc N J._ 1 Pullman lne — . ......... 97% “ ■ Pur* Oil . _______ 28% Purity Bakeries --------- 117% Radio Corp - ■ 89 18% 18% R.adg ___ ___ .109% ” * , Real Silk Ho*' ..... __ 79 ,?l u fij? Remington Rand --------- 30% '53% 153% | Reynold, Tob B _____ _ M *1 * Richfield Oil - -Z 43% Rio Grande Oil ______ 32 — 276 277 “ HOMESIDE ” APPROVED BY PLAN BOA'RD Greenburgh Planning Com ­ mission Accepts Layout of Streets For New Subdi ­ vision in Hartsdale THE UblTKKICK COMPANY “ jDR.TEXLER IS ELECTED HEAD OF LUTHERANS Newly Formed Synod Name* Officers at Albany Conven- | lion: Approve $155,150 j Budget; Raiie Salaries Albany. June 8 (UP) — Rev. Sam ­ uel Trexler. of New York City, was elected preeldent of the. newly-form ­ ed Synod of United Lutherans of New York and New England at Its convention now being held here. Fred H. Weer. New York, was elected treasurer, and Rev. Paul Klrscb. Buffalo, secretary- A motion by Rev. Paul E. Schere. pastor of Holy Trinity Church, New York City, that the metropolis be chosen as headquarters for the new union met with similar notions from repreesntatlvea of other cities. It was decided to refer the matter to the executive committee. - Rochester ws* choeen as the place for the 1990 convenUon. and i budget of 3155.150 was approved to provide Increasee In salaries for the new preeldent and other officials. Conferences wer# established by unanimous vote as follows: Long Island conference, to Include all congregations . In Long Island. Brooklyn and Queens: New York conference, all congregation, in Manhattan. Bronx. 8taten Island so i. . . . . • and Westchester; and others. 89 . , Pta ?* ■• ’ ovrtng ■ tr T* I Ths meeting of the eynod opened 63 la y ,,ul* to \ subdivision of the T „, 1<>rday with Rev. Theodor* L. 82% {\ “ P* 1 !* of •Homeside. located at ; p 0i , e „. Jr p r ,,|dlng. New 42% old Txrrytown and Knoll wood b ,„ of Ih , of tnuti Roads^ Hartsdale. were approved by , Wagner College were announced as follows: Rev. Ernest E. Heyd. This article Is on* of x aeries by Mr. Crxgg. Hq explain* In detail [.about the strange and myeterloue Intrlca- •*— . — > else of that seat of deetlny. the New York Stock Exchange. The com ­ plicated procedure by which for- bare and understandable for -the layman. Mr. Cragg with his expert knowledge of exchange practice* and long experience writes In a fas ­ cinating and enlightening way about this greatest of all American institution* iupply o every Rochester; Rev. Paul Kirsch, Buf ­ falo: Rev. Frederick Sutter. Staten Island; and Martin Wulff, Mount Vernon. “ 1925 *26 ‘ 27 *2a *2» 60 40 h 61% u, [ 5 2 L S A j | V a The Bullcr.-k Company is en ­ gaged in the publication and sal* of periodicals, fashion magazines, fashion advertising matter and In the manufacture and sale of paper patterns. The principal publit SHARE ESTATE Husband xml daughter of the late Mr*. Florence H. Helser, 26 Lock- wood road. Bronxvlll*. .hare In the will on file here today. Mr*. Lockwood, who died on Ap ­ ril 23, left \Less than 13.000\ per- «onal property which la divided two-thirds to a.daughter Ann Kath- \Every body's. ’ \Adven- j ilyn Hslser, and one-third to r her tjjre. ” the \Delineator'' and \Ro-1 hueband. Herman Hetser. 13, “ , •TAR.n.ir io,.n control of the concern In 1926 and made eome radical changes to mod- | Prince A Ripley. Inc., report the ernlze the business. Some of the i .ale for T. Messaro, of Scandal* publications are printed In several\ of a building plot on Walbrooke foreign languages as well as In , road. Edgemonl. Scaradal*. to Mn. English. The distribution of But-1 Uedwtg Traud. Bronxvllle. who will . teriek patterns I* world wide. The ' buTTS-Whouse for her own occupan- rompany has several siiheldlartes [ ry. TTiV same brokers have leased and the latter have valuable plants ' sn apartment In Custer Arms, end holdings. The main subsidiary | Eronxvllle. to Lawrenre Conger, hs* branch*#-In London. Pari*. Tor- | sod an apartment In the Tudor . Winnipeg. Chicago and San ; Arm., Bronxville. to MIsa Isabel idsco. while — *- — — s In New York. As a result of gains In drcula- tion and advertising combined with operating economies, net Income In 1927 amounting to 361L424 nearly doubled that of 1926 which was 3112^13. Net tor the first nine ■ months of 1928 was 3405.300 or $1.29 a share which compared with 33.41 a share for the corresponding per ­ iod of 1927. Funded debt totals 33.964.500. Capital stock outstanding consist* of 210.785 shares of no par value. Washington. June 6 (UP) Th* stock was changed from 3100 Treasury net balance on June 4th . yar to no p-^ airly In 1928. the ex- i was fl38.709.07I.90. Customs re ■ Ua*V mads share for shars. I eslpts for the month to No d ivide nd* were paid In 1937 or date totalled 36.723,96450. — til*. Ur# last ---------- ‘ - *- - Planning Board of the of Greenburgh at Its meeting at the Greenville Fire Headquarters last night. S. W. Bullock presided In the baence of Matthew S. Eylar. chalr- Town Engineer Daniel C. Nolan, jr.. presented a complete directory of every street in use in the Town of Greenburgh. Hla department pre ­ pared this directory as an aid against confusion and similarity of names In streets. It was suggested that B. M. Poucher. secretary of th# Mamaroneck — Mrs. Irma board, communicate with the var- Briggs. 119 Dellwood avenue. Brons- lous planning boards In th# villages vl || c , uf r rre d minor cuU and of the town and suggest to them brU |, cl today when an automoblde that es a new street Is added, th* , he w „ driving collided with Town , — t.nard be notified »o operated by Fred M. Sella)!, of 11 that the !..: may be kept up to date. Lawrence street. Yonkers' Th# accident occurred at Wea' AUTO ACCIDENT 3ronxr31* Woman Slightly Injured in Collision With Yonken Auto in Mamaroneck oney and th* brokers ’ needs tor money have no fixed relation. This I* explained by the fact that call loan* are used by ths bank, for emergency employ ­ ment of excess or unutilised funds. funds are most needed by the broker*, the banks may have their money em ­ ployed In other channels. For this. other reasons, such as th* movement of gold, genera! In ­ dustrial and commercial needs. conditions, sic., etc. the call loan Interest rates fluctuate widely from day to day. and even minute to minute. oans are renewed ea4*j __ „. ___ rote of Interest, “ the r*? news! rate.\ ts established morning. Th# money desk rat*. It Stock Exchange determines this rate. It has available s record of rates of th* naat. th* share* of stock sold and quotations the use and availability of^ funds, the estimated demand and supply for th# current day. opinions of the large lenders and borrowers and other data affecting the , money market. This Informational* re ­ viewed by a committee of exper ­ ienced men. and m rat* which seems equitable to all concerned Is fixed The rat* Is then posted at the mon ­ ey desk at about 10.40 a. m. Opinions very as to the effect upon stock price* of cheap or <i*»r money as represented by call and time loan Interest rates. The gen era! attitude, however. Is that low Interest rates tend to have a bullish effect on the market, stimulating trading and causing prices to rise, whereas, tight money and high ratsa tend to depress trading and lower prices. The record* seem to Indicate th*< the seasonal fluctua ‘ Interest rate* over a num of course no question whslsvt effect on the market, though even then In a vfry Intense hull market high raleaJA^a-f time disregarded. The federal c system has lately attempted with considerable success, to ex- _ control over the stock market and check abnormal speculative tlvlty through high Interest rates. Money, however. Is only,a secol \ ary factor In Its effect on the m ' with the fundamental c« dltlons of th# market sound. I only s little restricted Influence prices in the long run. Just as hanks prefer to diversify Ih* risk of their loan*, by distrib ­ uting them among many borrow! brokers prefer to borrow fr several sources to avoid the risk having their loan* callfd at I \ l making loans banks prefer \mixed\ collateral'se ­ curities. consisting of railroad and ndustrial fcrcurtttea In about-equal proportion. Loans on Industrials alone, however, are quits common anil sometimes more desirable than mixed collateral. Tb» banks want collateral tlint it -free of violent fluctuations, but that nevertheless hs* a ready market. For this rea ­ son high priced stocks with wide fluctuation* aj* not considered the most desirable collateral. Quaranteed 1 GUARANTEED 5 ’ / 2% FIRST MORT- GAGE CERTIFICATES, Group Sem*. are the; ideal inveatment for your April funds. Paid in cash at the holder's death. \ Normally^hey mature in ten years but you may call them after three years, to P-id from the proceeds of maturing mortgages. NEW YORK TITLE AND MORTAGE COMPANY Capital Funds Over 60 Million Dollars 1 62 Main Street, White Plains 32' North Avenue, New Rochelle of yea i did > responding effect i In a very active, strong “ bull\ market. Interest rates seem to have little effect. But In a quiet and more sensitive market money rates 1o unquestionably affect trading and prices. The above has under enr. ildera- iney. When money ad re ry high point there ” Z„ m : Francisco, while Its main, offices Erickson. HA RTSDALE FELLS RALE Maurice H. Goodman reports the sal* of additional plottage on Find ­ lay avsnue In Ih# Manor Woods of Hartsdal# Fella to Mr. and Mrs. August E. Bleser. Jr_ who are building an American brick colon ­ ial dwelling for their own occup ­ ancy corner of Mercer street and Findlay avsnue. TREASURY BALANCE Washington. Ju« t payment being 32 In i stock I WINS « . . , ' . Vance boro, Me. June 6 (UP) — As of January t 1928.. total cur william P. ’ Redmond. Bangor, who mt assets' smrmnfl to 14 »U sn vn)n gjgjug, ta , bl) Army and Navy Veterarui' Sweepstakes, said today he paid 99 cent* for hi* Urksi os Waitsr ^J a y.^ w hn finished second . I to 11,554.871. Currant HaMlltles'wrre $614,234 and net working capital was 33.940,637. Book valu* of (he no par stock THE KEY TO PROGRESS — KNOWLEDGE The People* Bank and Trust Co., serving as it does* all manner of businesses, large and small is naturally famil­ iar with the aspects of West- cheater . progress . It is our aim to place such ^■formation insofar as pos ­ sible, at the disposal of our c u • t o m e r a — preferably thfough personal discussion between customer and bank- C 7hi P] NATIONAL BANK ^ptft-PUUM , TRUST COMPANY , sd -Mnidint WHITE “ PLAINS h ( msib riseaai. atseava stsvsm Tsrrytown. N. T. Arthur D. Brennaa TKemae V. Underhill While Plain*. N. T. Hceradsle. N. T. Tonka re. N. T. Charles-J. Marasco No. Tarn-town. N. 1 Harrison, h T. Jam*. O. Bag* Ml. Vernon. N. T. .Ws. P. Fi.ld Bronxvllle, N. T. William T. H.rlyn Mamaroneck. N. T. Chappnque. N. T. Gilbert H. Knap# Mt, Klee*, N. Y. Mew Rochelle. N. T. reekaWn. N. T. \ S&ured by the Backbone of the Nation \ — Real Estate YOU — “ Don ’ t pul your eggs all in one basket ” -, , When You Invent in the XRTICIPATING CERTIFICATE UNITS ■ of the - » NATIONAL EQUITABLE REALTY SYNDICATE. Inc. They are “ Secured by the Backbone of the Nation ” . . Real Estate ....and giva you AMPLE DIVERSIFICATION.... .... under the \NATIONAL EQUITABLE PLAN ” ___ Each unit represents a participation in many well selected properties and conservative irtgage loans in Westchester County .... Thus combining DIVERSIFICATION OF INVESTMENT with MAXIMUM C AFETY. This corporation was organized by a group of successful Westches ­ ter County men to satisfy the desire and demands of investor friends to SHARE in the PROFITS of the REAL ESTATE and MORTGAGE fi. ' ! in this county, on a basis of operation in which. HERETOFORE, THE AVERAGE PERSON COULD NOT PARTICIPATE. ^ All officers, being Stoclchaljlcrs. have offered their services without compensation, relying entirely upon the return on their investments in the Corporation for their remuneration. COMPARE this, investment with Ytfl others and yon will be co» ' vineed of it^,UNUSUAL MERIT We solicit your request for farther information GET THE WHOLE STORY antT compare ths. possibilities with that of any -other investment open to public investment N ational E quitable P lanj , CO MPAN Y to-n -

xml | txt