Market reacts after early strength in New York and Boston
Wall Street edged higher in early trading yesterday with gains in many issues but noon brought a sharp reaction. Prices recovered later but steel and other issues showed volatility as traders weighed bonds, crop news, and market breadth.
MENTIONED IN THIS ARTICLE
Reserve Bank
Ryan
Stromberg
Vanadium
Bethlehem Motors
Baldwin
American Locomotive
Republic Iron and Steel
Wall Street
Department of Agriculture
Steel Common
Sugar and stock market notes echo postwar price shifts
A year ending March 2% shows earnings of 9.36 per share on capital stock, down from 10.06. American Sugar Refining boosted refined sugar to 15 12 cents a pound as raw purchases rose. Imbrie & Co. discuss sugar production growth from 1,150,000 tons in 1840 to an estimated 12,261,000 tons for 1919-1920. News covers sterling rise, vanadium stock chatter, Stewart Manufacturing gains on strong first quarter sales, North Butte copper prospects, and Federal Rubber Company preferred stock demand. Earnings context spans several firms and asset bases.
MENTIONED IN THIS ARTICLE
American Sugar Refining Company
Cubas
Porto Ricos
Imbrie & Co
Ryan
Allen Ryan
J. L. Replogle
Charles M. Schwab
T. Coleman Dupont
Harry Payne Whitney
M. MacNiell
Stewart Manufacturing
North Butte
Federal Rubber Company
Estabrook & Co
Parkinson & Burr
Wm. A. Read & Co
Harnings
New York Stock Exchange
New York Me
Alaska
Bosch
Ambrs&fpf
Car& Fy
H& Len
Amh& Lpf
AmIce
Inter Corp
la France
Gop & Com
Sm & Re
Sm & Repf
Sumatra
Tel
Atch
T&sf
T& SF
Atlantic Coast
Atlantic
Atg I
Aotek
Baldwin
Balt & Ohio
Barnsdall A
Barrett Co
Bethlehem
Burns Bros
Cop & Z
Chm& Sep Pi
Batsalt
Fo Chi Pney Tool
Chi & N'west
Chiri& Pac
Chirit
Cluett- Pell Y Rf
Col Fuel & Tron
Col & Southern
Col & South Pf
Columbia Gas
Columbia Graf
Consol Textile
Id Wien St ‘Lot
del Lack
EndisJohn Pf
Goodrich
Gdrich BF
North
Greene
Gulf St Steel
Hartman Corp
Haskell & Bark
Hendee Mfg
Hupp MotCar
I Central
Int Corp
Iowa Central
Island Cr Coal
Kelly Tire
Kelly T
Kelsey Wheel
Kennecott
Keystone Tire
Lack Steel
Lee Tire
Lebich Valley
Liggett & My's
Loews Inc
Loft Inc
Lorillard
Rte
Loville& Nash
Ann Arbor
Ann Arbor Pf
Beth Str
Beth Stib
Beth Motor
Booth Fisheries
California
Cerro de Pasco
Chandler Motor
M&s
Fisk
Gaston W& W
Martlin Rock
Maxwell Motor
Max
May Dept Store
Midvale Steel
Minn & St L
Missouri Pacific
Missouri Pac Pl. v
Mont-Ward
National Acme
Nat'l
Freeport-Tex
Martin-Parry
Miami
Missouri K& T
Enamé& St
Nevada Cen
Y Central
New York Dock
Nynhah
NY Ont&w
Norfolk & West
Sitg Silly Sibg
Pacific
Nova Sco Steel
Ohio Cities Gas
Ohio Fuel
Owens Bottle
Pacific Develop
Pacific Gas
Pacific Tel& Tel
Pan Am P&t
Panama Pet
Parish & Bing
Pennsylvania
People's Gas
Pere Marquette
Philadelphia Co
Pierce Arrow
Pierce Ar
Pierce Oil
Pittoco&std
Pitts Coal
Pitt Coal
Pitts& Wva
Pond Creek
Pressed St
Pullman
Remington Typ
R Iron & Steel
Royal Dutch N Y
St Jos
Bt L.& SF
Kac
Arma
Isis
Money Market Rates Move Through Brokers and Loans
Outside brokers quote 18 percent for quick calls. Customers' brokers' loans run 644 to 7 percent. Customers' commercial loans 644 to 7 percent. Commercial paper 644 to 7 percent. Your money earns up to 7 percent.
MENTIONED IN THIS ARTICLE
Quick Call
Investment Notes on Rail Bonds and Endowment Yields
The piece analyzes Pennsylvanian 7 percent 10 year bonds at par and the 8 percent effective borrowing cost for the railroad, questioning market strength amid high costs. It contrasts Harvard losses with Cornell’s 5.15 percent yield, and discusses trust fund governance as New York’s Supreme Court weighs if trustees should sell devalued New Haven and St Paul stock to reinvest safely.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Pennsylvania
Harvard University
Cornell University
Charles R. Marsh
Harvard
Cornell
Marsh
Economics Young
Supreme Court of New York
New Haven and
St. Paul
New York Stocks Summary From The Exchange Trading
Daily NYSE transactions through 3 pm show broad activity across industries with gains and losses in metals, chemicals, and transport shares. Notable movers include Am Can, General Electric, IBM, United States Steel, Chrysler, and Texaco among others, reflecting mixed market sentiment and trading volume.
Also Mentioned on This Page
Boston Safe Deposit
Franklin
Arch and
Devonshire Sts
Berlin
Greater Berlin
Hamburg
New York
Court Sq
Boston
Fort Hill
Chicago
Philadelphia
Denver
Milwaukee
Westinghouse
U. S. Steel
Bigheart
Island Oil
Root & Vandervoort
Stewart
Atlas Tack
John T. Connor Company
Atlas
Connor Stoc
France
Italy
A. W., Lincoln & Company
Post Office Square
Mississippi River Power Co
Stone & Webster
Milk Street
Great Britain
England
Federal Rubber Offering
Money Market
N. Y
Liverpool Lire
Denmark
Brazil
Rio
Argentina
Financial Editor
Seaboard
Sears Roebuck
Shell Trane
Clair Oil
Southern Pac
Benth Railway
Imberg Ie
Texas & Pacific
Cnms
Twin City Rap T
Union Pacific
Itty
United Ae
Usctr &F
Uscip&f
Oma
Ama Express
Leas Vanad Corp. Vo
Wees C& c
Wells Fargo
Maryland
West Pacific
West House
Western Unio
Willy Garland
Woolworth Tae
Oil& E
Pneu
Ti &T
Woolen
Amoskeag
Albany
Bos Flev
B & Maine P
Sugar
Butte & Sup
Cal & Ariz
Cal & Hecla
Carson Hill
Century Steel
Conn & Pass
Daly-West
Davis-Daly
East Butte
Eastern Ie
Edison Elec
Elder
Elee
Elec Rts
Gorton-Pew
Gray & Davis
Hancock
Helvetia
Int C Mills
Int Com Corp
Hole
Burgess-Lang
A. A. Housman & Co
Burgess, Lang & CO
Boston Stock Exchange
Sears
Washington Street
Court
Boston Stocks
Gillette
Richardson, Hill & Co
Congress ST
Germany
B. H. Newton
Port of
Devonshire Street
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