Market advances after early weakness in rail and steel stocks
New York and Boston trading pivoted from an initial dip as rails and equipment shares led a late rally. New Haven saw heavy activity with Steel and other low priced rails rising, while concerns over dividend policy and government ownership influenced sentiments in American Tobacco and Telephone. Crucible faces strong earnings prospects amid copper group activity and overall market revival.
MENTIONED IN THIS ARTICLE
New Haven
Rock Island
Southern Railway
Missouri Pacific
Union
Southern Pacific
Reading
Chesapeake & Ohio
Baldwin
American Car Foundry
American Locomotive
Car Foundry
Boston
American Telephone
Calumet & Hecla
Boston & Maine
Gray & Davis
Bosch Magneto
American Bosch
Earnings patterns from early 20th century firms noted
The report covers Gaston Williams Wigmore deficits of 1.04 million and adjusted losses totalling 4.93 million since formation. Midvale Steel shows six month earnings of 2.94 a share and 4.349 million net for June quarter. American Tobacco shifts to scrip dividends. Wickwire Spencer posts six month surplus around 1.64 million. National Conduit loses 80 thousand. U S Rubber six month sales rise to 129.59 million with 13.69 million net. Atlantic Gulf warns of weak year ahead due to strikes and costs. Lee Tire shows 3.40 per share six month earnings.
MENTIONED IN THIS ARTICLE
Gaston, Williams & Wigmore
Midvale Steel
Wickwire
Spencer Steel Corporation
National Conduit
U. S
Atlantic Gulf
Nicol
Lee Tire
del Lack & W
den & Rio
Endicott- Ma
Erie
Fed Min & Sm
Fisk Rubberees
Freeport-Tex
Gaston W & W Tlll
General Cigar
General Motors
Said &l
Houston
Interboro
Mg Ogorg
Int Ag Corp
Invincible Oil
Island Oil & T
Jones Brosses
Kansas City
Kan City
So Pf
Kelly Tire
Hss
Kelly T
Kennecott
Keystone Tire
Lack Steel
Lake Erie & W
Trust Companies Post Dates for Deposits in Savings Departments
Trust companies announce interest accrual dates for deposits in savings or interest departments. Institutions listed include Charlestown, Commonwealth, Cosmopolitan and Fidelity Trusts in Boston, Hanover, Fiat, South Boston, United States Trusts, Melrose, Somerville, and Boylston and Union Market National Banks with dates around August 31 and September 1.
MENTIONED IN THIS ARTICLE
Charlestown Trust Co
Charles’n
Commonwealth Trust Co
Boston
Cosmopolitan Trust Co
Federal Trust Co
Fidelity Trust Co
Hanover Trust Co
Fiat Trust Cow Onc Cs
South Boston Trust Co
United States Trust Co
Melrose Trust Co
Melrose
Somerville Trust Co
Also Mentioned on This Page
Boston Safe Deposit
Franklin
Arch and
Devonshire Sts
Spencer Trask & Co
New York Stock Exchange
Congress St
Albany
New York
Chicago
Lew Close
Albany Divide
Allied Oil
Ariz Exten
Aria
Nixon
Geo. H. Perkins & Co., Inc
Broad St
New York City
New England
F.t.clee & CO
State St
Fort Hill
U. S. Steel
Endicott- Johnson
Goodrich
American Tobacco
Crucible
Vienna
Treasury
Broadway
Europe
von Polenz & CO
Court Square
Berlin
Bankers Phone
Ort Hill
Philadelphia
American ‘Telephone & Telegraph Co
Kidder, Peabody & Co
Devonshire St. Boston
Australia
New Zealand
Bank OF New South Wales
Gir
John Russell French
K.B.E
Fiji
Papua
New Gainea
London
George Street
Gyoney
Am. Tobacco
Financial Editor
England
Wall Street
Russia
Spence
Northern Pacific
Great Northern
Alsu Ee
Union Pacific
Atchison
Abbott, Putnam & CO
Bankers
State Street
Whitney & Elwell
Adams See
Jax Rubber
Am Aghem
Hide & L
Inter Coneee
Ship & Com
Studry
Obacco
Eae Mil
Atlan G & WI
Baldwin Loc
Burns Bros
Cerro de Pasco
Chandler
Ches & Ohio
Chie & Alton
Chic & Alton OL
Chi & E Il Et PLC
Chi& E Alt Pf Ett
Ch Weat
Cri&p
Germany
Rothschild, Campbell Co.,Ltd
Investment Securities Foreign Exchange
Kilby Street
Telephone
State Mutual
Worcester
Hitchcock Building
Springfield
Massachusetts
Converters Papers Corporation
F. W. McAleer & CO
Ate
Federal St
Jones & Baker Specialists
Devonshire St
Kronen
Gallagher & CO
Willys-Overland
Arthur M. Harvey
Cornhill
C.d.parker & Co., Inc
Equitable Building
Mile ST
National Banks
Boylston National Bank
Union Market Nat. Bank
Water’n
Andover Savings Bank
Andover
Blackstone Savings Bank
Brighton
Five Cents Savings Bank
Kline Savings
Rose Savings Ban
Columbus Savings Bank
Franklin Savings Ban
Home Savings Bank
Medford Savings
Suffolk Savings Bank
Ee Waltham Saving Bank
Waltham
Warren Institution For Savings
G. F. Redmond & CO
C. P. Dow & Co., Inc
A. F. Dow & Co
Chas. P. Dow, Pres. and
Treas
City of
Withington & CO
Tel. Main