Market Advances On Improved Labor Outlook And Stocks
Stocks rose on an improved labor outlook after President Wilson’s stance on rail wages and steel workers’ resistance. Trading featured strong New York and Boston totals with Crucible Steel hitting a new high as shorts covered and bulls returned.
MENTIONED IN THIS ARTICLE
Crucible
Wilson
Midvale
Wall
New York Stocks Boost Griffin Wheel as Steel Firms Rise
The Griffin Wheel Company projects best year yet with net earnings around 2.5 million and 5 percent American Steel ownership aiding American Steel Foundries, while New York trading shows bullish tone. Parish & Bingham climbs near 2 points as Root & VanDervoort trades heavily. Mohawk, North Butte, and Osceola gain modestly amid active copper group moves. Continental Can directors plan to raise the common dividend next week, while Real del Monte Pachuca expands its mining ground with Santa Ana property.
MENTIONED IN THIS ARTICLE
Griffin Wheel Company
American Steel Foundries
New York
Parish & Bingham
Root & VanDervoort
Mohawk
North Butte
Osceola
Calumet & Arizona
Fairbanks
Carson Hill
Swift
United Fruit
United States
San Rafael
Bordo
Santa Ana
Continental Can
Bn AG
Pond Creek
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T&t
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Anaconda
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Bigheart Il
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Aveeee
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Cal & Ariz
Cal & Hecla
Davis Daly
Fitchburg
Nova Scoeens
Old Dominion
Pacific Mills
Punta al S
Root & van D
So Pacific
Stewart
Superior
Sup & Mre
Swift Int
Swift & Co
Torrington
U S
Utah Metals
Ventura
Wilson influence lifts rails and steels on New York market
Trading on the New York Stock Exchange rose as President Wilson's stance on railroad shopmen and costs shaped gains. Investors favored steels, equipment, motors, oil, and food shares with notable climbs, while rails softened. Volume reached 975,000 shares and bond activity remained steady with Liberty bonds easing.
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New York
Stock Exchange
Wilson
Wall Street
U. S
Financial Editor's Notes on Railroad Wage Debate
The piece notes a mid Monday rally in railroad issues on wage rise fears, contrasts President's bullish stance with potential employer wage strategies, and cites Wall Street plans to counter railroad nationalization while questioning union responses. A broker anecdote highlights profit taking advice to lock gains.
MENTIONED IN THIS ARTICLE
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Wall Street
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