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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 13, 1921
Page
20
Total sales in New York 616400 shares and Boston 15883 shares. Most active New York issue Rep Iron & Steel 40000 shares. Boston Copper Range 1143 shares. Year to date totals Jan 1 1921: New York 48455900, Boston 1383348 shares. Corresponding period last year New York 78733300, Boston 2247117.
The New York Stock Market faced mixed forces with industrials slipping on steel rumors while oils motors copper and utilities showed strength led by Western Union Consolidated Gas and People's Gas. International Paper's earnings boosted sentiment and copper issues dominated local trading with notable gains and several declines across commodity stocks.
Senator mmnings introduces a resolution authorizing an investigation by the Interstate Commerce Commission into railroad operating revenues and expenses since 1912, and factors affecting rate changes and efficiency under federal control. Hastings on the Hudson firm contemplates three stockholder options to resolve General Conduit and Cable Company difficulties, with a default deadline of April 19 and potential involuntary liquidation if unresolved. The article also notes unrest in the wool market amid tariff uncertainty and a grain price dip on the Chicago Board of Trade with May wheat at 1.25 3 8 a bushel and May corn at 56 1/2 cents.
Nipissing Mines declares quarterly dividend of 3 percent after 5 percent prior. Packard Motor Car Co reports 1920 net sales of 58.89 million, depreciation 9.42 million, net after tax 6.28 million. Booth Fisheries posts 793 thousand loss. New York Ontario & Western nets 806 thousand. Structural steel prices rise to 2.58 per 100 pounds, soft steel bars to 2.48. NEW YORK STOCKS.
The market improved yesterday with most issues rising, though steel stocks fell with Republic Steel down 21 8, Lackawanna off 23 4 and independents sliding more than U S Steel. International Paper jumped over five points on strong earnings, while rail shares rose slightly and the President's message sparked modest sentiment with calls to repeal excess profits taxes and fund war debts.
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