Market decline deepens as bears rule and rails fall
Yesterday's trading opened lower and slid through the day with no rally. Steel common hit a new yearly low, General Motors and Mexican Petroleum stayed weak, and the 29 industrials averaged near a new bottom. Banks raised call money rates while overall sentiment turned negative amid rumors of Fed rate moves. United Drug Co reports higher 1919 earnings and stronger balance, despite broader market weakness.
MENTIONED IN THIS ARTICLE
Federal Reserve
General Motors
Mexican Petroleum
Feb. U
Bond Yields Expect Gold Payments. Anglos May Honor Promises
Financial notes discuss Anglo French five per cent bonds due in gold next October, still yielding about 12 per cent. Morgan expert Ewing says payments will be in gold. investors doubtful but confident no default. Republic Iron & Steel 1919 earnings report shocks as full year profits diverge from nine month gains, suggesting hidden charges and questionable construction write offs.
MENTIONED IN THIS ARTICLE
New York
England
France
Boston
Maine
Ewing
J. P. Morgan & Co
Mr. Ewing
Northern Pacific Earnings Under Railroad Bill Explored
Wall Street analyzes high grade railroads under the rail bill with Northern Pacific highlighted as a potential large earner. Estimates show six percent on property value, shared with the government beyond that, yielding about 41.5 million after fixed charges. Oil leasing bill signed by Wilson also prompts stock market reactions.
MENTIONED IN THIS ARTICLE
Wall Street
Northern Pacific
Statistical Bureau of the Interstate Commerce Commission
Western Territory
Northern
Interstate Commerce Commission
Wilson
China
Ray Consolidated
Nevada Consolidated
Utah Copper
Dont Give Up the Tip in Alex the Great Story
The Boston Sunday Post Magazine will feature H. C. Witwer's humorous tale Dont Give Up the Tip in the Alex the Great series. The piece is slated for the next issue, promising wit and lighthearted adventure.
MENTIONED IN THIS ARTICLE
Alex the Great
H. C. Witwer
Boston Sunday Post
Investments and earnings amid stock fluctuations and mill assets
The report notes paper profits on holdings in United States Rubber United Fruit Mercantile Marine and Simms Petroleum with cost bases below current prices. It details Mercantile Marine and United States Rubber gains, Simms Petroleum uncertainty, and a 1919 balance sheet figure near 110 book value per stock. It also covers American Woolen mill assets and potential absorption, Warren Brothers earnings 1919, New York Air Brake conditions with government contracts, Loose-Wiles Biscuit balance of 76.05 on second preferred, and South Lake Mining year results with 27086 ending balance.
MENTIONED IN THIS ARTICLE
United Drug Co
Vivaudon Company
United Drug Company
Republic Iron & Steel
Republic
Clyett Peabody
Cel Fuel & Iron
Cel & Souther
del & Hudson
Denver & R Gr
Deny Tee Mr
Endivott Pf
Erie Esa Ege
Erie
End-Johnson
Steeee
Enesees
Gaston
Goodrich
Gulf 8 Steel
Askeller
Hartman
Hupp
Dts
Harv Corp
Lorillard
Martin Parry
Miami
Minn & Styer
Mo Pacific
Midvale
Central
Pacific
C& Stl
Dock Co
Ohio Cities Gas
Otis Stel
Oklahoma
Owens Bottle
Pere Marquette
Penn Seaboard
Parish & Bing
Pac Gas & Bloe
Pierce Oil
Peoples Gas
Phila Co
Pitte
Uti
Pitta Coal
Pitts & St Ft
Pond Creek
Roy Dute
Stl& SF
Shell Trans
Aield
Stude de Corps
Stutz
Stromberg
Sinclair
Bo Railway
Studebaker
Trans
Texas Cotacowede
Texas & Pac Sone
Tenn Cop & C
Third Ave
Seehenen
Tol St L
Alaska
Oil & E Ea
Tel & Tel
UN Pacific
Ind Alco
Amoskeag
Arizona
Bigheart
Boston
Utah Copper
Boston Elev Pf
Roy
Boston & Measue
Bos & Me
Va Iron C
Butte & Sup
Wella Fargo
West Pac
Wheel & L Eri
Wilson See Eaves
Woolworth Co
Yore
Cit ‘Sa
Willys-Oo P
United States Rubber
United Fruit
Mercantile Marine
Simms Petroleum
American International
Ayer Mills
American Woolen Company
Wood
Ayer
Washington
Warren Brothers’ Company
Starbuck
New York Air Brake Company
Railway Administration
United States
Loose-Wiles Biscuit Company
South Lake Mining Company
Money market rates and loan terms listed
Outside brokers offer 6 percent for quick call money. Customers' brokers loan 6 percent. Commercial loans range 6 to 7 percent. Commercial paper 6 to 7 percent. Individual customers' collateral 6 to 7 percent. Year money at 6.4 percent.
Also Mentioned on This Page
Belgium
Great
Britain
Italy
Whitney
Edwell
State Street
United Drug
Am. International
Steel
Orpheum
American Bosch
Butte & Superior
Granby, Stewart, Swift and Fruit
Boston & Maine
New Haven
Isle Royale
Island Creek
United Shoe
American Inter
American International Corporation
Edward A. Wilson
B. C. & G. C. Wilson, Inc
Boston Mass
Australia
New Zealand
Bank OF New South Wales
Paidey Capital Reserve Fund Reserve Liability of Proprietors
John Russell French
Fiji
Papua
New Guinea
London
Threadneedle Street
E.G
George Street
Sydney
Financial Editor
Ajax
Alaska Juneau
Allis Chalmers
Allis
la France
Sumatra
T & Tel
AG & WI
Ann Arbor
Baldwin L
B & O Piehessws
Burns Bros
Butterick Co
Butte Copper
Baldong
Beth Steel
Cri&pa
Weperanes
Crucible Steel Teaee
Cerro de Pasco
Boston Stocks
Warren Bros
Makeover Bros
Washington St
Boston, Mass
Massachusetts
C. D. Parker &C., Inc
Devonshire St
Fort Hill
R. N
Andover Savings Bank
Andote Blackstone Savings Bank
Brighton
Waltham
Warren Institution For Savings
Charlestown Trust Co
Charles’n
Commonwealth Trust Co
Cosmopolitan Trust Co
Federal Trust Co
Fidelity Trust Co
Hanover Trust Co
Daily Hub Trust Co
Boston Trust Co
United States Trust Co
Fitchburg Bank & Trust Co
Melrose Trust Co
Melrose
Highland Trust Co
Somerville
Somerville Trust Co
Cal & Arizona
Carson Hill
Daly-West
Davis Daly
Fast Butte
Eastern
Edison Electric
Elder Eee Eeeeneee
Aeter Seers
Gray & Davis
Marconi of Amatte Eeeene
Helvetia
Nor Amer P
Cat Mills Com
Perfection Tire
Port
Philip Morris
Int Products
Uslité
United Profit Sharing
Mason Valley
Mergenthaler
Atlantic
Mex Invest
T Barnett O
Cosden & Co
Nat Leather
Carib
North Butte
Epearnee
Glenrock
Pacific Mills
Houston Cay
Punta Alegre
Quincy Mining
Island O&t
Root & van D
Renova Dob
Senecacsicvest
Seneca
Seneca Rts
Kay CoGas
Marland Rig Wineveureree
Shawmut
St Mary’s M Ld
Livingston Oil Nee i
Merritt Oni Sty
Stewart
Simms Magieto
Pete
Ee Mex Il
Sup & Boston
Swift & Co
Midwest
Imine
Petre
Swift Int
Ohio Ranger
United Ore
Sapulpa
Big Ledge
West End
Cresson
Clinton Wright
Eureka Croesus
Goldfield
Golden Gate
Edia
Aly
Howe Sound
Jerome Verde
Jim Butler
Teae A
Kerr Lake
Ena
MacNaemara
Mason Valley Pos
Ase
cKinley
Motherlode
BL Bi
Nipissing
Wee Peel Eerernes Il
Nixon Nevada Tereeeseree
Low
Aetna Explosives
Amer Safety R
Brit Am New Ae
Brit Am Tobold
L & Power
Heyden Chem
International Rubber
Libby McNeil & Libby
National Banks
Boylston National Bank
Union Market Nat'l Bank
Watert
n.Mar
Ariz
Atlas Ue
Best & Montans
Cascade
Cosden
Denbigh
Eureka
Gilliland
Gillialda Pf
Gillette Rts
Glen Rock
Gulfport
Ehenes
Imperial
Longford
MacNamara
Mutual Ye
Nixon
O Br
Red Warrior
Santa Fe
E Superior Oi
Peteeres
NEW England Investments
Robertson Paper CO
One Desk CO
American Brick CO
Simbroco Stone CO
Greenfield Tap & Die CO
Earnest E. Smith & CO
New England Securities
Devonshire
MABS
Stoel
Money Market
Germany
City of
Berlin
Hamburg
Europe
Foreign Department
Stickney, Pawlinson & Colclough Incorporated Investment’ Bankers
Devonshire Street