Market Stock Fluctuations Show Mixed Gains and Losses
Severe losses hit several local market issues with Punta Alegre surging to a new high before retreating to 671 2, down nearly five points. American Bosch Magneto and copper group stocks drifted lower, while United Fruit reports strong profits and cash reserves hinting at possible dividends. Autocar Company of Ardmore votes to raise capital from 2 million to 10 million, with 1 million of new stock authorized for sale.
MENTIONED IN THIS ARTICLE
Punta Alegre
Calumet
Mohawk
North Butte
Old Dominion
Mayflower-Old Colony
Osceola
Fairbanks
Island Creek
New Haven
Bigheart Producing & Refining
International Products
Franklin Savings Bank
Frederick B. Washburn
Charles H. Baldwin
Washburn
Worcester Five Cents Savings Bank
United Fruit
Autocar Company
Ardmore
Penn
Autocar
Stock Market Sees Sharp Move As Money Rates Jump
New York July 31 trading on the stock exchange centered on money market shifts with call loan rates reaching high levels for weeks. The day saw heavy selling in steels motors rails and oils as funds moved to meet maturing obligations including a 100 million Canadian loan and an American Foreign Securities loan due tomorrow. Total sales reached 9,875,000 dollars par with utilities weak while bonds and certain pools showed varied behavior.
MENTIONED IN THIS ARTICLE
J. P. Morgan
Americanoreign Securities Company
New York
Stock Exchange
Federal Reserve Board
Liberty
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International Trust CO
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Haines City
Longford
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Massachusetts and
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Isaac van Horn
Gratis
E. M. Fuller & Co
Consolidated Stock Exch. of
N. Y
Broad Street, New York
A. F. Dow & CO
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del Soontes
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Main St. Fort Worth
Wire US Now
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Butte & Super
Ee Ph
Kelly T
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Lee
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Max Otor
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den & Rio G Pf
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Victoria Mining Company
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