Stocks rally as Steel leads market to new highs
The market opened firm on yesterday, led by Steel common with several issues hitting new yearly highs. Steel jumped to 106 1 8 while Crucible Steel touched an all time high at 277, with coppers like Anaconda and Utah advancing strongly. Call money remains at 6 percent as investor optimism grows on better liquidity and potential higher dividends.
MENTIONED IN THIS ARTICLE
Steel Common
Sterling Exchange
Crucible Steel
Baldwin
Steel
Anaconda
Utah
Studebaker
Massachusetts Gas Companies
Beacon Oil Company
James L. Richards
Everett
Mass
United States
Germany
Mexican Petroleum
General Motors
Steel Leads Market Rally Ahead of Dividends Prospect
Financial notes say Steel common sparked a bullish market tone as large blocks moved it higher. Background reports cite possible stock dividends or an extra cash dividend at month end, with bankers split on policy while industrial managers resist.
MENTIONED IN THIS ARTICLE
Borden Company
Arthur W. Milburn
Europe
United States
Eagle & Blue Bell M Ning Company
Watson-Williams & Reed Company
Citizens Security Conpany of
Boston
New England Guaranty Corporation
Federal Trust Company
Willard T. Carleton
Boston Safe Deposit & Trust Company
Intercontinental Rubber Company
Pan-American Petroleum & Transport Company
London Stock Exchange
Gable
London
Phelps-Dodge Corporation
Ahméck
Liberal call money leads active New York market
In New York the open call rate at 6 percent marked the lowest level in six weeks, sparking a fairly active session. Steel and railway equipment shares rose up to seven points with oils metals and food shares also advancing, while rails stayed resilient though among first to retreat in the late push.
MENTIONED IN THIS ARTICLE
New York
London
New York Stocks Mixed As Markets Weaken On Volume
Trading shows varied moves across inked listings with Adams Express and Alaska May Hessian firming while many industrials retreat. Notable entries include California Pack and California Petroleum under pressure as general market sentiment weighs on NYSE equities.
MENTIONED IN THIS ARTICLE
California
Callinet & Zrdri
Cerro de Es
Chandler Motor
Ches Ohio
Gt Western
Gt West
Chi Mil& St P
Chi & F
Freeport
GulfStats
Hartman Corp
I'G
Hankell & Bark
India
Interboro
Ate
Nt Ag
Ag Corp
Kansas City
Kelly Tire
Kelly T
Kennecott
Keystone Tire
Lee Tire
Lehigh Valley
Columbia Gas
M & Smpf
Goodrich BF
Martin Parry
Miami Copper
Missouri Pac
Car & Fi
Tel & Aeard
Beth Steel
Beth Motor
Booth Fisheries
Brook Rap
Brook Edison
Brook RT Ctf
Col Fuel & Iron
Columbia Qraf
Goodrich
Maxwell Motor
Max Motor
May Dept Store
May Dept Pf
Middle Star’s
Midvale Steel
Ming & Stan
Missour K & Qt
Montana
National Rome
Nat Enama& St
Nevada
NY Central
NY Chi& Ltd
NY Csl
Pfs
New York Dock
Haymarket National Bank to Open in Boston in June
Boston gains a new financial institution as the Haymarket National Bank plans to open around June 1 at Market and Canal streets near Haymarket Square. President is Frank DeW. Washburn with Warren C. Blair and Guy E. Healey as vice presidents. Directors include prominent Boston businessmen. Capital stands at $200000 with $50000 surplus.
MENTIONED IN THIS ARTICLE
Boston
Haymarket National Bank
Market and
Canal Streets
Haymarket Square
Frank Dew. Washburn
Warren C. Blair
Guy E. Healey
Also Mentioned on This Page
First National Bank
Buenos Aires
Argentina
C. P
Waldorf
Calumet & Arizona
Arizona Commercial
Mohawk
Copper Range
Granby
Ola Dominion
North Butte
Ohio
GC. P
Canadian Pacific
P. C
Island Oil
Los Naranjos
Borden
E. M. Fuller & CO
Consolidated Stock Eachange of
Broad St
Motex Oil
Motex Pipeline Company
Burk—Burnety Field
Motex Oil Company
Motex Refining Company
Wichita Falls, Texas
John W. Wilson
Wilson Jos
Jewelers
Soollay Square
Kidder, Peabody & Co
Devonshire St. Boston
Investment Securities
Foreign Exchange Letters of Credit
Wall St
Baring Brothers & Co., Ltd
Financial Editor
John D. Ryag
Interstate Commerce Commission
John T. Connor
New York Market
Hornblower & Weeks
Chicago
Congress Street
Detroit
Providence
Broadway
Portland
Nor & Wes
America
Ohio Cities
Pacific
Pierce-Arrow
Wees
Pierce Oil Pf
Pitts Coatps Tones
Pitts & Va
Ita Sugar
Springeteee
Ray Cone
R Steel
R Iron & Steel
Repab Motor T
Royal Cut
St Louis
Saxon Motor
Sears
Shell Trans & T
Sinclair Oil
Sloss
Sheffield
Southern Pac Tees
Railway
Superior Steel
Tex Co
Texan & Pap
Mn & Pap
Union Pacific
Union Pao
United T
Uscip&f
Nai
Utah Co
Vanadium Corp
Va Iron C &C
Wabash of
Wells Fargo
West Maryland
West Pac
West'house
Western Union
W& LE
White Motor
Willys
Wilson Co
OLD Colony Woolen Pfc
Earnest E. Smith & CO
New England Securities
Devonshire St
Schmidt&deery
Tel
Broad
Uptown
Fifth Ave
Murray Hill
A L. Sayles & Sons ‘Company
Daniel Sayles
A. L. Sayles & Sons Company
Hollister,White &Co
Iconarien
Ats
Springfield, M Ass
Philadelphia
Pittsfield
General Asphalt
Nor Am P & P
Eeereres
Perfection Tire
United Profit Sharing Ewer
Allen Oil
Atlantic Pete
Cosden & Co Bly al
Glenrock
Boaeste
Imand O«&T
Merritt Oil
Sapulpa
Alaska
General Motors Amer. Telephone
Great Northern
American Oil
Allied Oil
Harvey
Arthur M. Harvey
Hay
Cornhill
del Rio Petroleum
Northway Motors
Capitol Petroleum
Texcalokan O. & G
Guarantee Sec. Corp
Insador Oil & Ref. of Texas
Consolidated Silvers
Union Oil & Ref
P. O
Boston Curb Trader
Court
Direct Stn
She
First Preferred
Channing W. Souther
American Zinc, Lead and Smelting Co
American Zinc, Lead & Smelting Company
F. W. Batchelder
NEW Boston Bank
Berlin
Hamburg
Bremen
Nuernburg
Stickney, Rawlinson & Colclough, Inc
Devonshire
St., Boston
C. F. Eaton & CO
Consolidated Stock Exchange of New York
Lowisiana
Shreveport Leasing
Cristal Wells
Shreveport Leasing Syndicate
Market Street
Shreveport
Louisiana
Butler County
Kansas
Hub
Wyoming Oil CO
Temple Court
Denver
Colo
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