{ title: 'The daily press. (White Plains, N.Y.) 1929-????, June 25, 1929, Page 5, Image 5', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/sn2001062090/1929-06-25/ed-1/seq-5/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn2001062090/1929-06-25/ed-1/seq-5.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn2001062090/1929-06-25/ed-1/seq-5/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn2001062090/1929-06-25/ed-1/seq-5/ocr.txt', label: 'text/plain', meta: '', }, ] }
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I\ BUSINESS RECORDS WESTCHESTER > COUNTY. N T Central : _ N Y Chi A StL . NTNHiH - qili Steel - - A Elec — Packard Motor ... IJan Am Pet B_. Par Fam Laaky Park Utah — - Pathe Each The appointment of John A. A! [ calay tt> bo resident manager of the White Plains Belmont. White Plains' neWest-and moat modern hotel which Is to be opened early tn AuiAisl by Bowman Manace- meht. Inc . John McEntee Bowman, president. Is announced by Holland B. Judkins, vice-president and managing director of that .organ Uatlon. Westchester County seat s new hostelry will be a unit In the rapid |y extendhyt chain of ainallrr sired hotels whtth are under the opera tion of Bowman Management. Inc. Il/Vas projected by ths Develop ment Service Corporation of New York. Capt. Stephen N. Bobo, pre sident. end Russell H. Armstrong, vice-president, and is owned by thr Post Road Hotel Corporation * of White Plaids. .The new hotel stands within a Ohort distance of the Court House, In what is regarded as the most desirable and strate gic location In While Plains and with Its handsome and imposing architectural design and fine sur roundings will be an impressive ad dition to the atnictures which, have contributed to making White Plains a city beautiful Mr. Alcalay Joined the Bowman Phil A Rdg C A Iron. Phillips Pete ------- Poetum Co Inn Prairie Oil A Oaa _il_ Pub 8 vc NJ ______ L_ Pullman Inc _ _ __ . ■Pure Oil _________ Purity Bakers ---------- Radio Corp R K O _____________ Reading _ r ...... «■... Real Silk Hoa * _____ Remington Rand _ _ Reynolds Tob B __ Richfield Oil ______ Rio Grande Oil _____ St Jos Dead — ___ i — . StL - SF ____ Schulte Retail Stores Sears Roebuck ____ _ Shsttuck FG _ ___ ___ Gen Motors Gen Ry Signs! GUI 8af Rsx . Glmbel Bros _ Gold Dust _ Graham Paige ----- 'Granby Const — . — Great West Sugar Green Cananca . _ Gulf States Steel Hahn Dept Stores . Hersh Choc — _ _ Howe Sound . ---- Hudson Motor __ Hupp Motor ----- 1_ 111 Central _______ Int Bus Mach Int Cement - --------- Int Combust -------- Int Harvest (XF)„ Int Nickel _______ Int T A T _____ Johns Manvllle __ Kansas City South Kelly Sprlngflel«P!_ Kennecott _ — __ - Lambert ______ _ Lehl Valley _____ _ Liquid Car ___ _ 117H mmsmm * misL ‘ JOHN A. ALCALAY ioi». Selected by Bowman group to be director of new 14 H -Post Road Hotel, which will open in August. Tex Oulf ..... .. _ 73 Timken Roll Bearing 99 V Tob Prods . ____ 1« : . Un Oil Csl ---------------- 48'. Un Carbide ... - , 08', Un Pae ____________ ...231 1« Untd Elec Coal _______ 43 U 8 Cast Iron Pipe ..... . 33 S U S Ind Aleol ______ 181 *. U 8 Leather ■ — - - 24 U 8 Realty __________ M organization about four- Manage teen years sgo, being Identified with tl\e banquet department in which position be had opportunity to gain a very valuable Insight .Into the operation-of the \back of the house.\ When the Westchester Uiltmore Country Club was opened Mr* Alcalay was transferred to the banquet department there- He was alqn assigned to the Miami Bilt- more Hotel. Coral Gables, for two wjnters in an official capacity. . Hotel Needed Mr. Alcalay has resigned his post at th» Westchester Blltmorc to ac cept the responsible position at White Plains. \In undertaking the management of the White Plains Belmont I am sensible of the trust thus Imposed In me by the officials of Bowman Management.\ said Mr Alcalay, \and 1 am naturally flattered at being selected for the Job. I feel that a hotel like the White Plains Belmont is needed by W ’ hlte Plains which Is not only a beautiful coun ty seat city but is growing rapidly In population and In the import ance of Its relations with the rest of Westchester County and New York «s well. $ I think the hotel .will be a'p renounced financial suc cess! I know It will be if hard I work on my part and Bowman \Technical Position of the Market 5 • By ALLI8TON CRAGC This article Is one of a series by Mr. Crsgg. He- explains In detail the strange and mysterious intri cacies of that seat of destiny the New York Stock “ Exchange The complicated procedure by which fortunes are made and lost is here laid bare and made understandable for the layman. Mr. Cragg with his expert knowledge qf exchange prac tices and long experiences writes in a fascinating and enlightening why about this greatest of all American institutions. All of tbs conditions affecting the : stock msrket situation, from day to ; day. as distinguished from the long - ! time fundamental factors, const!- j lute the \technicalcal position\ of the. loss orders Just below the msrket when the market Is over-bought. A decline will catch''the stop orders which then become orders to sell, and as Successive stops arc uncov ered additional decline-la Influenced Bears, Informed of or suspecting such stop orders.-»may uncover them by forcing dcclltfcs lit rough Short When stocks that accumulated In strong hands during the prevalence o? low prices, are distributed, they | pae-s back to weaker and leas exper- I lenced o vnership. t .ie experienced element withdraws Its support, and , tiecomes Interested In low prices that will favor re-accumulation, i With the public overbought, and 1 strong Interests favoring decline, the technical position is wrfk. Mack Trucks __ Marlani Oil - May Dept Stores Mex Seaboard Wabash Warner Bros Piet* _ West Md _________ West Un _ _________ West ’ house Air Brake West'houae Elec ___ Willy. Overland Woolworth ________ ! Wright Aero ......... .. Yellow Truck _____ _ Youngstown Sh A T Mo Kans Tex Mo Par Mohawk Carpi Monty Ward Murray Corp . Mr Alcalay Is married, h being actively Identified w Board of Education of Net City. , The While Plains Relmot expected, will formally open gust The building Is now ro*h>d .to final completion. TREASURY NET BALANCE Washington. June 2S (UP). — Treasury' net balance on June 23 was HI 9/13,839 71 Customs re ceipts to the same date for the month totalled 340J0OA44J8. -. Directors of the Whits Plains City Club have approved a resolu tion to Increase the membership from 300 to 333 At a meeting Monday afternoon the secretary reported an active membership of 298. with a number I of applications pending. I President Charles C. Kenno re- 1 porta the club to'be Jp a flourish ing condition. Plains at Meeting NEW POWERS First National Bank of Plcaiantrille Given Permission to Exercise j Fiduciary Rights Washington. D. C„ June 24. — The Federal Reserve Board has approv ed the application of the First Na tional Bank. Pleaaantvllle. N Y. for permission to exercise the fidu ciary powers of trustee, executors, administrator, registrar of stocks and bonds, guardian of estates, as signee. receiver. committee of estates of lunatics, and to serve In any other fiduciary capacity In which 8tate banka, truat compan ies. or other corporations which come into competition with na tional banka are permitted to act under the laws of the State. The stock has changed from v-cali to strong hands that will hold It. and operate for tlie expected ad vance. Pool manipulation of a given stock for advance In price may create a strong tecfinlAal posi tion for that particular stock, as. in strong hands, public buying is pretty certain to be Induced. The Amerada Corporation Is a holding company. Its subsidiaries nre engaged primarily In the pro duction of crude oil in the mid-con tinent field and In Venezuela and tn the manufacture of gasoline from casing head gas. The company also has large holdings In the Louis iana Land and Exploration Com pany which owns lands on which the presence of salt, 'sulphur, and oil are Indicated. The Texas Cor poration has undertaken to develop this property on a royalty basis The company owns-approximate ly 335.000 acres of lease holds In Venezuela. Exclusive of the Vene zuela holdings the company has eight casing head gasollns^--pJjinls with a dally capacity of 55.000 gal lons: storage tanks and reservoirs with a capacity of 1.850.000 barrels. 800 oil wells and 20 gaa wells and 35 ‘ additional being drilled and States total about *1.252.127 acres and the company has something over 1.00,000 barrels of oil in ator- \JTELEFHONE 920Q THE DAILY PRESS. WH LAINS, N. Y.. TUESDAY, JUNE 25, 1929 IIXE^LAINS, ? FINANCIAL NEWS=sf0CK MARKET TELEPHONE 92Q0 Dealings inNewYbrkStocks Columbjp Graph . Co miner Solva — Congo Nairn ------- Cons Gas - Conti Can _ REALTORS OFF LAW PLEDGE TO CONVENTION GROUP TO DINE White Plains Belmont Manager RAISE LIMIT County Real Estate Men and \' ’ ill Formulate Plana For Wive* Attending Annual I “ Law Observance in White Session of Organization A local delegation of^lhs West- j cheater County Really Board and their wives left yesterday to attend the convention of lb« National As sociation of Real Estate Boards to start tomorrow at the Hotel Stat- City Club Director! Increase Mem bership Limit to 325; Many Applications Pending MICKEY (HIMSELF) MCGUIRE By Fontaine Fox A dERTAlN YourOciSTeK THE M 0 RF EXCLUSIVE SIDE - OF THE R.R. TRAdKS HAS AT LsEA$T oNE 0LA<M EYE - ALL THE TIME 9£dAUSE HAS ABSOLUTELY Mo-EAR FoR. MUSld (TJ* / ? Gs \techni position' market. The technical position I said to-be strong when the mark, readily absorbs stocks, and good prices prevail, with the trend tow ard advance The technical posi tion Is regarded as weak when there Is. a largo floating supply of stocks on the market, with llUle demand and declining prices. Just between bears, presumably, these term* are reversed. The \floating supply of stocks * re fers especially to those securities In brokers' hands for short turn spec ulation. It Is always overhanging the Market for distribution, and 1* leveL If an unusually large amount of buying on margin occurs with respect to the normal floating sup- ' ply of a given stock or of the mar- J. A. ALCALAY- MANAGER OF BELMONT HERE .Prominent Hotel 'Executive Selected to Manage New Post.Road Hostelry-*- ^ Open in August thnlgal posit!' Any of the above condition* mak ing a strong technical position, may exist in a market that la funda mentally weak, ns the technical position 6t the market is a matter of temporary condiUons that not at the moment correspond with underlying factors Bears, for ex ample. aware of the fundamental weakness, may become oversold, and. forced by the bulla tn cover (heir sale*, cause a rally In prleaa. Similarly a weak technical position may occur In a market fundament ally strong. However-, fundamental conditions should always be consid ered In connection with the techni cal position of the market, aa ths great underlying trend may at any upset the market situation of THE CITIZENS BANK ket In general, an \over-bought \ the moment. condition la said to exist- Such a 1 -------------- - ---- situation makes for a weak techni- | calsjxMltion. as a reunion may be expected momentarily, when the ‘ \ > will rush to unload. An \over sold\ market exists, on the other 1. when there Is an unusually , large short Interest in the market Such a condition favors a strong ! technical position, for «then the bears begin to cover their short sales they Influence a rally | Amerada CorporaUon Other conditions tending to make 1 . [S tock - a - SAMBONrS MEDITATIONS By J. P. Alley Every responsible man wants to say \My familys future is secure FINANCIAL security for your family will be as important Tomorrow as it is Today. Whilcyou cannot foresee financial problems that may arise in the future, you can anticipate them by careful plans for the settlement and management of your c-vrorc Let us co-operate with you now in arranging a Financial T - — * **• — will eliminate future Start an Interest Account The County Trust WHITE PLAINS. N. Y.- MEMBER FEDERAL RESERVE A Community Bank rendering a Metropolitan Service.
