Market Upturn Pushes Shares Higher Across Rails
The market advanced with heavy rail volume and broad gains in industrials led by General Motors, Endicott-Johnson, and American Car & Foundry. Profit-taking followed initial highs, while forecasts show a spring rise possibly driving prices higher into next fall amid continued 6 percent call money.
MENTIONED IN THIS ARTICLE
General Motors
American Car & Foundry
Atlantic
Endicott-Johnson
Market Opens Irregular With Rails Rally After Opposed Bill
New York Stocks opened irregular as rails eased on opposition to railroad bill provisions. Gains in low grade railway issues faded while General Motors and Crucible Steel rose, oils and metals advanced, textiles recovered. Bond market firm with Liberty issues strong. total sales 1,050,000 shares, par value $13,250,000.
MENTIONED IN THIS ARTICLE
Chandler
CM & St P
Cal Gas & el Eee
Lea Pfee
Cerro de Pasc
Ches & Ohio
Cm& St Pa
Chie & & N
Siig
Col Fuel & Senna
Cru Steel
del & Hudson
del L & West
D& RG
Dome Mines
Erie
Lrie
Ewe
Ind Johnson Senee
Fed M & Smelt
Fed M & S
Goodrich Pf
Gray & Davis
Goodrich
Gen Motors
Haskell
Hupp Motors
Plonobc Cos
Carson H
Har Corp
Swift Ss
Agri Co
West T & T
Int Ag Co
Peena Ags
Kan City
Amoskeag Ae
Arizona
Kennecott
Bigheart
Bos & Albany
Loews Orph
Teeeee & “Iy Ai
Lake Erie & W
Pal
Lake E& W Pf
Bos & Me
Thy
Lee Rubber Je
Lehigh Valley
Lig & Myers
Bos & Wor
Cal & Ariz
Carson Hill
Centennial Eels
Minn & St ES
Clintonea
Montana Power
Davis Daly
K & Texas
East Butte
Mo Pacific Pf
Marine
Y Central
Cothanes
Nynh&h
I Creek Coal
Island Oil
Nat Biscuit
Isle Royale
Nat de Dean's
Kerr Lake
I'S
Mason Valley
Not&m
McElwist
Vova Sea Steel
Mex Invest
Ohio Cities Gas
Mohawk
Nat Leather
Oklahoma
Otis Elevator
New Arcadian
New Cornelia OO Owens Bottle
NET & Tel
Penn Seaboard
New Haven
Pierce Oil P
New Idria
Parish & Bing
Nipissing
Peoples Gaseeeee UE
North Butte
Peoria & East
Ohio Bod “Ara
Old Dorion
Pere Marquette
Pacific Mills
Pere Marq
Parish & Ring Tener
Os Pond Creek
Rutland Pf Se
Punta Alegre
St Mary ‘Am
Penn
Sup
Boston
Reading
Swift & Co
Repl& Steel
Swift
Roy Thite
Sinclair
United Drug
So P. Fic
United Ruit
United Shos
Studebaker
Taos
Hay Bence
Utah
Utah Metals
Pt Ily Mmoo
St Jos
Ist
Walworth
Ses Teee
Hoo Bt Lew B
Ag Ij
St LS
Altham Wat
Sss
Seaboard Air
Tania Aa
New York
General Motors
Crucible Steel
Bears
Creneral Motors
London
Liberty Group
U. S
New York Stocks Listings With Mixed Advancers and Declines
A sprawling tally of New York stocks shows mixed activity led by Am Can, Am Sugar, and Am Tel & Tel with several issues advancing and others retreating. Notable entries include Atchison, Am Woolen, Anaconda, Beth Steel, and Baldwin Loco, reflecting varied sentiment in the broad market.
MENTIONED IN THIS ARTICLE
Adams Exp
Alaska
Alaska J
Agri Chem
Bosch
Ares
H & Lea
H& Lopf
Atoh
C Line
SOC AL Cui Sans
Ab&atl
Ice
Ship & C
Arbor
Car & Fy
Inter Corp
le BB
Sugar. Co
Sumatra
Tel & Tel
Atchison
Beth Steel
Barrett
Baldwin Loco
Beth Motor
Booth
Brunswick Ter
Burns Bros
Financial Editor notes the value of management over name acclaim
The piece argues that stock success hinges on solid management not prominent names on a directorate or stockholders list. It warns that speculative outfits posing as banks lack proper supervision and that profits from such ventures are risky. It cites railroad stock rallies as evidence of selective gains and outlines tax considerations for low priced rails.
MENTIONED IN THIS ARTICLE
Federal Reserve System
Money Market Rates From Outside Brokers
Outside brokers quote six percent for quick call loans and six percent for customers loans. Commercial loans range from six to seven percent and commercial paper from six and four to seven percent. Individual customer collateral earns six to seven percent. Year money rates are listed at seven percent.
Also Mentioned on This Page
St. Mary's
Stewart
Orpheum
Atlas Tack
Boston & Maine
American Bosch
American Woolen
Butte & Superior
Boston Board
Lee Tire
Lee Rubber & Tire Company
St. Mary’s Annual Report
St. Mary’s Mineral Land Company
Gardner
Champion
Stewart Manufacturing Corporation
Exchange of Stock
Exchange of Securities
Orpheum Circuit, Inc
Boston Stock Exchange
Whitney & Elwell
Massachusetts
Sloss
Sheffield
Cop & C
Trans
UN Pacific
Ind Alco
U S
Union Oil
United Fruit
A.eener
Wells Fargoeeanee
West Pac Pf
West Md
Westin A Bk
L Erie
L&e
White Motor
Wilson Co
Wise Central Anecoe
Westinghouse Ever
Ns Lly
Willys-Over
She Ig
Worthington
Boston Stocks
Fis
Albany Diside
Allied Oil
Ariz Sede
Ariz Silverware
Ariz
Atlas Tac
Bay State Gas
Black Hawk
Boston & Ee
Cosden
Denbigh M
Denbigh
Sure
Majestic
Manhattan
Midway
Mo River
Gly
Mutual Trust
Mutual Vehiet
Nixon
Fhere Midas
Bir
Ak la Oil
Universal
Perfection Tire
Shar
Uni
Allied Ts Aeee
Ceecsaess
FAR Prg
Cove Las Cadeecus
Sian Waeae
Merritt Oil
Stpsheeas Alg
Corsaan
Midwest Refining
Morton Pet
Northwest Oil
Eee
Yan Pet
Salt Creek
Seeee Ae Wee
Sequoyah Wee Eees
Simms Pete
Southwest Oil
Stanton Oil
Victoria Oil
Big Lees Eea Ese
Bostonians
Caledonia
Enees
Canada Copper
Iy Con
Cresson Sama Eeeee
Teres Eureka
Croesus
Eea Ese Eoetogs
Howe Sound
Terome Verde
MacNamara
McKinley Darragh
Motherlode
New O
Ohio Copper
The
Ray Hercules
Rex Consolidated Sir
King of Ariz
National Bank
Trust Company
New York Stock Exchange
Boston Curh Exchange
Fall River
Mass. Gas & Electric
New Bedford Mill
John E. Allen & CO
Devonshire ST
Congressional Oil
Dow Biock
Burkburnett, Company
Asuare
Securities Exchange
Denver Conn
Stock Exchange
Exchange St
Mass
Alouette Oil Co. Trust
Massachusetts Ave
Boston Post
Universal Tide Power CO
Canal Street
Maas
Saugus River
United States
C. W. Souther
Ertifcate
Manhattan Shirt Co
Prudential Oil Corporation
Pennsylvania Co
General Electric Co
Great Northern Co
Seneca Copper Corporation
Deering & Deering Attorneys-at-Law
Broadway
New York City
Imperial Manhattan Silver Reef
ST. Lawrence
W.N. Withington & Co
Consolidated Stock Exchange of
N. Y
Board Room
State St
New York Market
A. F. Dow & CO
State Street
Isymb
Orn
George W. ©Atking
Telear
John W Wilson
Wichita Falls
Texas
Court Street
Boston Mass
Motex Oil‘co
John W. Wilson
Wilson BroThers
Court Sr
Financial Editor
Ann Arbor
Baltimore & Ohio
St. Paul’s
Rock Island
Erie’s
Texas & Pacific
Chicago Grain Market
Money Market
Arizona Extension
Silver Silver Reef
Imperial Silver
Seven Metals
Albert
Lecount & CO
Boston Curb
George L. Ware & CO
Congress ST
Arizona Annex
Arizona Silver
Ford & Company
Cornhill
Hay
Consolidated Film
Chester D. Coram
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