Rail stocks surge while industrials soften in latest market day
Trading showed unusual strength in railroad issues with gains in Rock Island common and several other rails, while industrials like Steel and General Motors lagged. Call money held at 6 percent with no change in time money, as profit taking followed a recent bulge.
MENTIONED IN THIS ARTICLE
Steel
Baldwin
General Motors
Mexican Petroleum
Republic
Rock Island Common
Texas Pacific
Southern Pacific
New Haven
Canadian Pacific
Call Money
Boston & Maine
Carson Hill
Boston & Providence
Boston & Albany
Stutland
New York
Stock Exchange
Congress
Wall Street
Pacifics
Standard
Crucible Steel
Crucible
Motors
U. S
Berlin
Germany
A. W. Lincoln & CO
Railroad Bill Promises Gains Amid New Financing Needs
The new railroad bill appears favorable financially and on labor terms, likely easing strikes and wage pressures. Rail stocks rise on expected self funding through stock issuance, with New Haven and Boston & Maine leading gains as analysts note long road to full effect and broader market implications.
Market Rates Snapshot From Brokers and Loans
Outside brokers quote 6 to 10 percent. Customer brokers offer loans at 10 percent. Customer commercial loans run 6 to 7 percent. Commercial paper priced at 69 to 7 percent. Year monty figures show ranges around 619 to 7 percent.
Financial Editor's Notes on Railroad Earnings Projections
Wall Street observers debate earnings under a new rail bill allowing five and a half percent returns on group valuations set by the Interstate Commerce Commission. Estimates for major lines are listed, but the writer cautions they depend on future group divisions and valuations.
MENTIONED IN THIS ARTICLE
Wall Street
Interstate Commerce Commission
Boston & Maine
New Haven
Lackawanna
Chesapeake & Ohio
Atchison
Rock Island
Louisville & Nashville
Pere Marquette
New York Central
St. Paul
Missouri Pacific
Norfolk & Western
Reading
Southern Pacific
Union Pacific
St. Louis
San Francisco
Texas & Pacific
Commission
Also Mentioned on This Page
Mississippi River Power Co
Stone & Webster
Milk Street
Boston
Chicago
General Electric
Great State Petroleum Co
Additio
Irving Trust Company
Irving National Bank
Southwest Securities Company
Amalgamated Silvers
Bertram M. Wachtel & CO
Mass
Boylston St
Back Bay
Tilt Ave
Springfield
Main Sf
Consolidated Film Laboratories Co
Chester D. Coram
State ST
National Lead
Waldorf
Waldorf System, Inc
Vulcan
Vulcan Detinning Company
Republic Chemical Company
Chemical Company
Vulcan Detiining Company
Union Bag & Paper Common
Union Bag & Paper
General Electric Company
Bosch Magneto
American Bosch Magneto Corporation
New York Market
N. Y
Sateen Eeenee
OK RD
Money Market
Financial Editor
Alaska
H& L
la France
Ship & C
Inter Corp
Sumatra
Atl Gulf & WI
Ann Harbor
Ann Arbor
Coast Line
Birm & Atl
Consolidated Silvers
Consolidated Silvers, Inc
Universal Silvers
P. S
Arizona Annex
Arizona Silver
City OF Berlin Bonds
Foreign Exchange
Post Office Square
Beth Motor
Chic & Alton
Chic & Alton Pf
C. Eeevese
Cerro de Pasco
Col G & Elec
Ches & Ohio
Western
CM & St P
Col Fuel & I
Col & Santhe
del & Udson
el L & West
D & R Gran
Erie Ist
Johnsot
Fieher Body Ag
Fisk
Freeport Ee Eeesras
Gaston W & A
Greene-Can
Goodrich
Gulf
Gulf M & N Pf
Gen Electric
Gen Motors Sete Ees
Haskell
Hupp Motors
Hendee
Teeieee
Har Corp
Lake Erle & W
Leo Rubber
Martin Pure
Miami
St P&s
MK & Y
Mo Pacific
Midvale
ORR
Y Central
NH & H
Pacific
Nevada
Nor Southern
Liberty
L. Sherman Adams
Boston Stock Exchange
Arizona
R. A. Hatch Company
Gulfport Oil
Gulfport Oil Company
Seling
F. E. Belliveau & Co
Boston Curb Exchange
Universal Tide Power CO
Canal Street
Saugus River
American Investors, Inc
American Securities Co
Selected Investments
Devonshire Street
House of Ford & Co
Ford & Company
Cornhill
Fhones Hay
G.F. Redmond &Co
Tno
State Street
Fort Hill
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