Rally Sharp Market Gains After Call Money Eases
Stocks rose as call money fell to 7 percent at the open, with New York leading in total volume across the year to date. Steel issues plus railroad stocks advanced as speculation mounted about a forthcoming Wilson railroad message and government actions echoing past rail takeovers.
MENTIONED IN THIS ARTICLE
New York
Boston
Republic Iron & Steel
Steel
Wilson
France
Italy
London
Shorts
Senate
House
Studebaker Corporation
Central Union Trust Company of New York
Ytrustes
Central Union Trust Company of
Broadway
Borough of Manhattan
City of New York
South Bend
Indiana
Market turns cautious as bears cover and stocks rise
A broad rally follows in New York and Boston trading as the market shifts from deep lows to higher quotes. Banks and traders watch for relief in transportation and industrial sectors with gains in United Trust and U S Smelting while Texas & Pacific shows strong earnings from the Texas oil boom.
MENTIONED IN THIS ARTICLE
Boston
Cambridge
Massachusetts Electric
Japan
Germany
United Trust
U. S. Smelting
Root
Elder
Parish & Bingham
Texas & Pacific
Texas
Bond Prices Fall on High Taxes and Currency Shifts
Financial editors note bond values retreat amid high income taxes shifting yields for rich investors while small savers see unusually high bond returns. Gold premiums in London reflect foreign money depreciation, and new Automatic Dial telephony promises cost savings. Bank stocks gain as money rates stay high and regulatory shifts loom, with Manufacturers' National Bank of Cambridge declaring a 1 1/2 percent dividend.
MENTIONED IN THIS ARTICLE
London
Great Britain
America
American Telephone Company
Vail
New York Stocks Continued on Page Twenty Three
Stock market brief notes ongoing price movements and sector activity carried over to page 23. Investors monitor industrials and utilities amid mixed closes and shifting volumes as traders await further earnings guidance.
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St
Baring Bros. & Co., Ltd
Wall St
New England
Congress Street
Mass
Phladelphia
Am. Can
Texas and Pacific
Boston Curb Exchange
Fort Hill
Morton & Co., Inc
State Street
NEW England Industries
Brown Company
Berlin Mills Company
Hornblower & Weeks
New York Providence
Chicago
Detroit
Portland
Schwab
International Trust Co
American Can
American Can Co
Pacific
New York Market
Curb Industrials
Aetna Explosives
Brit Am Tob
Motors
A Chalmers
General Asphalt
Heyden Chem
Hupp Motor Car
International Rubber
Marconi of Am
Nor Am Ee Ola Perfection Tire
Philip Morris
United Profit Sharing
Aly Wayne Coal
Wright Martin
Barnett C & G
Boston Wye Oil
Com Pettere Eee
Isis
Ewan
Taland Oil
Met
Pet Ee
Northwest Oil
Roca
Ohio Ranger
Ewer
Osage Nation
Ryan Pet
Salt Creek
Sequoyah
Het
Victoria
Big Ledge
Best & Montana
Caledonia
Canada
Seeenevee
Cresson Con
Assee Oi Ib
Golden Gate
Settee
Howe Sound
Jim Butler
Stree
McNamara
McKinley Darragh
Mother Lode
Nixon Nevada
Nipissing Mines
Saat Eetes
Onondage Mines Preseee Eee
Tonopah Mining
West End
Burkburnett van
Argonaut Oil Company
Ays
H. D. Wells & Company
Kilby St
Boston, Mass
Wort Hill
Pierce-Arrow Republic Rubber Colden & CO
Simms Petroleum
Market Annalist
Schmidt & Deery
Members
Consolidated Stock Exchange OF New York
Broad Street
Broad
Uptown
Fifth Avenue
MurrAy Hill
Financial Editor
Manufacturers’ National Bank of Cambridge
Alaska Golc
Alaska-Juneau
Allis-Chalmers
Allis
H&l
Ship&c
Atl Coast Line
G& WI
Int Corp
Sumatra
T&t
Aga
Atchison
AIG & WI
B&o
Beth Steel
Beth Motors
Beth Motors Rts
Brook UN Gas
Booth Fish
Burns Bros of Peer
Cal & Arizona
Butte Copper
A & Sup
Oni
Cal Pet
Chic Pneu Tool
Cerro de Pasco
Cal Gas & Nase
Ches & Ohio
Siig
CRI & Pac
CRI
CM & St P Pf
Chic & N'west
Chi & N’west Pf
St P &Om
St PM & C Pf
Chuett-Peabody
Cal & Southern
Chi M & A
China
D& Rgr
D&rg Pf
Emerson
Greene
Gray & Davis
Gulf & Steel
Goodrich
Ill Central
Jones Bros
Kan City
Aoi al
Keystone T & A
Kennecott
Lack Steel
Lake © & W
Lee Rubber
Lehigh Valley
Lig & Myers
Louis
Mackay
Mackay Coa m
Miami
Minn & St
Maxwell Let
Maxwell 2d
Montana
MK & Texas
MK & T
Midvale
Pacif
Nynhe&h
Acme
Nat FE
Nor & Western
Nile O Jls
Nevada
Nova Sea Steel
NY O&w
Pan Am Pet
Pac Develop
Parish & Bing
Pere Marquette
Pac T & Te Vo
Punta Alegre
Pierce Oil
Pitts & W Oea
Pond Creek
Pitts& WY
Penn Seaboard
Reading
Ray Hib i Spies
Ravtogigle Steel
Republic
Stl Pf
L & SF
St L & SW
Savage Armsteers
Seaboard Air Ng
Seaboard Air
Sioss
Sheffield
Stude Corppf
Esse Weene
Stromberg
Dha
Sup Steel
Shell Transport
Coe Eb
Sinclair
So Pacific
Twin City
Tol
Stl & W Pf
Ind Alco
Utah
United Drug
United Fruit
U S
Gillette Safety Razor Co
Spencer Trask & Co
Congress St
Albany
U. S. Steel
A. T. Securities
Indian Packing
White Oil
Ask
Members Consolidated Stock Exchange OF New York
The
First National Bank
Buenos Aires
Argentina
Preferred Robertson Paper Co
Earnest E. Smith & CO
New England Securities
HECLA
Mutual
Silver Reef
Arizona Silver
Gulfport Oil
John E. Allen & CO
Devonshire St. Boston
Am. Agr
Chemical Am
Beet Sugar Am
Car Foundry
Cotton Oil
Am. Tel
Tel
Chino Copper
Cuba Cane P’f
del. & Hudson
Gen’s
Cigars Inspiration Copper
Miami Copper
Midvale Steel N.Y. Air Brake
Vic. Pacific
Ohio Cities Gas Railway Steel Sp’g’s
Sloss
Union Pacific Western Union
A. F. Dow & CO
Universal Tide Power CO
Canal Street
Ner
Pha
Joan A. Knowlton Treas
E. M. Fuller & Co
Consolidated Stock Exch. of
N. Y
Bit
A. R. Erskine
F. 7. Clee & CO
State ST
Worthington Bidg
Springfield