| Show I I Economic News of General GeneralI I Interest From Many Points I I New York World says Investment holdings by oy European Europe countries against foreign countries coun coun- tries before the wat wal In billions of dollars Great Britain 20 Germany Germany- 6 C Holland Hoiland Hol- Hol Holt land 4 4 Belgium Bellum 2 Franco France 6 6 5 Italy 2 2 Denmark Den Den- mark marl 1 i and others other 3 3 a total of Borrowings by European governments from United States government during and since tinee the war money loaned by private Investors on bonds bought here I since the armistice Investments Investments Investments Invest Invest- ments by bt private corporations and persons before and since the war in foreign lands 2 commercial or current fluid obligations held by Americans against foreign foreign for for- eign countries for tor goods and raw materials sold since the war not extendable for deferred deferred de de- de- de payment This total of Is less than Great Britain held against the world beloro be- be loro foro the war special to J Journal of Com Corn merce says s announcement by state department depart depart- ment of approaching return of at General Crowder to report on financial reforms in Cuba Is Interpreted to mean that extension exten exten- sion slon of loan to Cuba is not far of off An advance of by Morgan Morgan Mor Mor- gan Co to Cuban government has been approved by United States but although h collateral has been placed at disposal of ot American financial institution money has never been turned over Shipping Board Chairman Lasher Lasker author author- denial of Washington dispatch to ef et d. that merchant marine program of the Harding administration Is about completed and read ready for submission to congress Mr Lasker LasIter denied that any subsidy or other plan had yet been submitted to the pres president 1 I dent or that the latter had approved any plan of ot experts dealing with the matter International Paper company has sold to syndicate headed by Chase Securities corporation cor cor- cor- cor and Bankers Trust company 12 l first an 6 5 per cent bonds New financing is to retire bank loans and provide for expansion and new tion i Every third family In Detroit has an 3 automobile said to be highest ratio In any city In the country There are automobiles au au- au- au In Michigan l about of y which are registered from Detroit In many 0 central Michigan l districts every overy farm p house has at least one ono automobile Volume of business for week to December 21 1 drawn from debits to Individual accounts accounts ac ac- ac- ac l counts reported to federal reserve bo board aid i shows increase over or about 21 per cent compared with preceding week Aggregate for week under review was 0 9 against week be be- d fore tore 2 p Ottawa special says Imperial Oil company has flow v of gas that for pressure 1 Is b without without without with with- out precedent in history of oil Indu industry try on continent Believed it may be directly over p large body of oil Pressure began at 8 cubic feet a a. day end has developed to t l National City bank of New York opens a a. compound Interest department at its branch second Forty-second street and Madison avenue l U where from 1 I up will vIll be received Interest compounded semiannually will be paid at rate mate of 3 i 3 per cent on all 1111 balances of 56 6 or more n II 11 m British governments government's list of investments In private corporations includes In Turkish Petroleum company compan In Yes Wes I D sex flax factories In British r D Dy Dyestuffs stuffs corporation in th the C Cunard Steamship company in Jr t the he Suez Canal and In Ic L t the tho Persian Anglo Oil company I n New T York Tork World says nays benefactions of or 1 1021 totaled Including 0 00 to be spent by Carnegie corporation of 01 N New v ew York over a period of years for main maln- t of Ie Carnes-Ie Institute In Pittsburg New jw York ork Commercial Jones says Brothers Brothe Broth Broth- e ers rs Tea Te company has acquired forty-five forty ad ad d stores In Kansas City district which w with ith fourteen acquired last month male makes 4 48 stores operated by company Detroit dispatch says Henry Ford I it h p planning lanning to operate his Highland Park Parl p plant lant scheduled to reopen January 0 D. D four ty-four t hours a day with entire working f force orce in four shifts shirts of six hours each cacho m men en to receive 5 6 for tor the six hours' hours work Estate of Charles G. G of John Johr L A A. Roebling's Sons company cable and wire m manufacturers is now valued at when he died In October 1918 1318 estate was wa w worth orth Chilean government engineers have b bated lo located lo- lo c beds of nitrate underlying 2000 2001 I s sm square quare kilometers where no nitrate was formerly for for- st m merly erly known to exist Deposits range from L t two wo to three feet In depth and contain 20 21 O t to o 40 per cent of nitrate of soda For eleven months to December total exchange exchange ex ex- c change hange of bank checks In Great Britain wa was I decrease from same ame months S Sn In n 1920 2920 of or 10 per cent Copper companies which produced gold gok goldas I a as s a byproduct are exempted by new revenue reve reve- n nue ue bill from paying excess profits taxes on or e earnings from the gold mining measure beIng beag be be- ing ag retroactive to 1917 1017 Considerable portion of ot loan o of r G Great reat Northern now awaiting approval o ot of t iu Interstate commerce commission will viII b be u used sed for purchase of equipment including I 1500 cars i Canadian dollar at New v York reached reache I I years ears highest Saturday at cents against t 93 36 6 cents Friday and 92 6 cents a w weal reek i t I previous A year ago demand notes on or 1 M Montreal sold voId at 85 83 Group ot of Osaka Japan banters has ha 3 yen to Vladivostok govern govern- nent secured by goods stored In Zort forty r w uses controlled by government Pittsburg special says saya steel ingot Ins production pro pro- for past week was shade under unde r tons a year rate or or- I about 4 44 U Uler I Ier per ler er cent capacity New v York Central railroad will span spend In Improving its freight and ant passenger handling facUlties facilities at Albany Government r reports ports Indicate that more han than was spent on holiday luxuries this Christmas Finance Minister Rivera of Bolivia Is In United States In concoction with proposed loan to his government New Yorks York's unemployed December 15 numbered lumbered against two months before Idle freight cars Increased week of ot December 15 16 to Boston Boston News Bu Bu- Bu- Bu eau reau |
