Wall Street Rally Hopes Grow After Wide Day of Trading
Traders note heavy volume at 1 670 000 shares with prices dipping early but holding near lows into the final hours. Analysts foresee a possible market rally yet warn the overall trend remains downward with big houses treating February rise as a bear-market rebound. Sears Roebuck considers a 40 percent stock dividend while United States Rubber projects sharp growth driven by tire demand and highway expansion.
MENTIONED IN THIS ARTICLE
Baldwin
Crucible
General Motors
United States Rubber Company
Colt
Rhode Island
Lincoln Highway
Investor Tone in Steel Prices Sparks Debate on Market Stability
Financial editor notes Judge Gary opposes further steel price hikes to curb speculation and support normal profits. He cites labor versus business wage and profit battles, calls for tax law revision to restore stability, and mentions a pending Sinclair Oil financing amid market volatility and mine strikes at Butte.
MENTIONED IN THIS ARTICLE
Gary
Teel Securities
Air Reduction Company offers $2 million convertible bonds
Lee Higginson and Potter Brothers offer $2,000,000 10 year 7 percent convertible sinking fund debentures of the Air Reduction Company at 97 plus interest yielding about 7.45 percent. The firm makes oxy acetylene welding outfits with authorized bonds of 4 million, 2 million outstanding, 293 24 thousand shares of stock issued, earnings before taxes 634 times interest prior to tax, bonds convertible to common at 62.50 from April 1, 1922 to Oct 1, 1929.
MENTIONED IN THIS ARTICLE
Lee, Higginson & Co
Potter Brothers & Co
Air Reduction Company, Inc
Winsor Elected Director of General Asphalt Company
Robert Winsor of Boston was today elected a director of the General Asphalt Company. He succeeds the late James Lewis Rake. The announcement comes as trading continued on the New York Stock Exchange to 3 p.m.
MENTIONED IN THIS ARTICLE
Buffalo
Public Service Commission
Public Service Commission of
New York State
New York
Boston
Chicago
New York Stock Exchange
Philadelphia
Robert Winsor
General Asphalt Company
James Lewis Rake
Also Mentioned on This Page
Buffalo General Electric Company
Sve
Ve Yorkee
United Ue
THE
Marine Trust Company OF
Charles R. Huntley
Niagara Electric Service Corporation
Niagara Falls
Niagara Falls Power Company
Hornblower & Weeks
Congress Street
Detroit
Providence
Portland
Steel
North Butte
New England
Springfield, Mass
Providence, R.1
Pittsfield
Mass
Amoskeag
American Agricultural
Boston & Maine
Calumet & Arizona
Elder
Bigheart
Sears, Roebuck
Sears, Roebuck & Co
U. S
Stutz Protective Com
Charles A. Morse
Lutz Motors
Morse
United States Circuit Court of Appeals
United States Supreme Court
Patten
Ryan
Protective Committee
Greenfield Tap & Die Corporation
Boston Stock Exchange
Financial Editor
Butte
Sinclair Oil
Sinclair
First National Bank
United States
Straus
Massachusetts
Beacon Hill
Straus Plan
Charles Ridgely
Shawmut Bank
Wayland M. Minot
Beacon Chocolate Company
Richardson, Hill & CO
Bangor
Winsor
Alaska
al Chalsig Bilg &Llg
Br Barn
Car & F
Inter Corp
Sumatra
Ann Arbor
T& BF
G & WI Pf
T & Obio
Beth St
Beth Stee
Brook R T Cti Ll
Brunswick I
Buff Roch
Cop & Tere
Calif
Chi & N'west
Chi RS & P
Chi RL & P
Chino Co i
CC & St
Col Fuel
Col & Southern
Columbia Gas
Con Cigar Corp
Consol Textile
del & Hudson
Rio
den & R
Ilby
Erie
Drich BF
Davis
Gulf Mobile & N
Gulf St St
Hartman Corp
Haskell & Bark
Hendee Mfg
Homestake
Illinois Central Zaupp Motor Car
India Homa Interboro
Heen Corp
Harvester
Jones Bros
Kansas City
Kennecott Tone Tire
Lehigh Wallees
Liggett & My’s
Mont Ward
Mont Pow
Mullins
National
Y Air
New York Dock
NY Oat& W
Nova Sco Sw
Ohio Cities Gas
Okla Pro & Reteeeene
Owens Bottle
Pacific Gas
Il Bl
Pac T & T
Pan-Am P & T
Pan-Am Pete
Rshees
Penn Sea Steel
Pere M
Philadelphia Co
Pierce Ar
Pierce Oil
Pitts& W
Public Ser Cor
Ry Securit
R Tron & Stee
Repab Motor
Royal Dutch
St Jos
Stl&sf
St Louis
Seaboard Air
Shattuck
Sloss
Sheffield
Sloss Sheff
Southern Pac
South Railway
Studebaker
Sap Steel
Union
Union Se
Unitednion Pac
Asd
Rhone
Utah Copper
Vanad Corp
Wabesh Pa
Wells Fargo
Kidder, Peabody & Co
Devonshire Street
Wall Street
Investment Securities
Foreign Exchange Letters of Credit
Baring Brothers & Co., Ltd
London
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