Stock Market Dull and Irregular on Patriots Day Trading
New York Stock Exchange sessions were dull and reactionary with oil shares leading gains of 1 to 5 points as bull pools and forecasts of crude price advances influenced activity. Sugars faced pressure from production cuts and dividend rumors while steel and rail issues showed declines. Total sales reached 465000 shares with slightly lower money rates, and Liberty issues posted mixed results amid uncertain bond movements. Pierce Arrow prospects show dividend resumption unlikely this year despite a strong year end surplus of 4.54 million dollars and ongoing efforts to fortify finances.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Senate
Federal Reserve Bank
Germany
Coblenz
Cologne
London
Pierce - Arrow
Pierce-Arrow Motor Car Company
Earnings Flash for Chesapeake & Ohio and Industrial Firms
Chesapeake and Ohio earnings for six months ending February show net after rents and outside income of 3.1 million dollars, with a surplus after dividends near 1.8 million and implied annual earnings above 10 dollars per share. Allis-Chalmers reports 1920 earnings of 9.35 dollars per share with strong assets and no funded debt, plus potential for 1921 dividend safety and 6 dollar per share. United States Steel highlights include working capital rise to 457.8 million and blast furnace capacity up 149 percent since 1901, indicating vast asset growth and confident markets.
MENTIONED IN THIS ARTICLE
Chesapeake & Ohio
Allis-Chalmers Manufacturing Company
Allis-Chalmers
United States Steel Corporation
United States Steel
Financial General
Stock and business notes reveal mixed 1920 results
The report shows Firestone Tire & Rubber Co increasing production to 17 600 tires daily with 2000 new workers and normal output expected by July 1. National Motor Car & Vehicle Co posts 1920 profits before taxes of 304 616 or 3 81 a share, down from 551 723 in 1919. Exports and imports in March 1920 differ sharply from 1926 figures, and rail idle cars total 607 427 or about 21 percent of freight cars. Northern Ohio Traction & Light and Duquesne Light pursue refinancing and bond issuances respectively. J C Penney Q1 1921 sales rise to 9 223 388 from 5 642 003 a year earlier.
MENTIONED IN THIS ARTICLE
Firestone Tire & Rubber Co
National Motor Car & Vehicle Company
America
Department of Commerce
Northern Ohio Traction & Light Company
Duquesne Light & Power Co
Philadelphia
J. C. Penney Company
Saies
American Railway Association
United States
Strike Ties Up Scranton & Binghamton Rail Service
In Fornany Penn April 19 service on the Scranton and Binghamton railway between this city and Montrose Pa was halted by a strike of 160 workers over a 12 and a half per cent pay cut.
MENTIONED IN THIS ARTICLE
Anyon
Penn
Scranton & Binghamton Railway
Montrose
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