Stock Market Opens New Year With Mixed Activity
New York and Boston trading volumes show broad activity as the year begins. U. S. Steel and General Electric lead gains in their respective markets while Atlantic Gulf slides to a new low. bonds and rail issues influence the broader market with mixed foreign exchange and bank news.
Financial Editor's Notes on Market Cheered By Sentiment
The Pangea rose after an early dip as industrials gained one to three points with some five point jumps in a few. Atlantic Gulf hit a new low. rails and coppers rose slightly and Anaconda up over five since a dividend. England-US debt talks could ease taxation concerns. Steel demand looms large. US Steel offers stock to employees at 81 per share, market near 81.5. Deflation concerns eased by Kidder Peabody, commodity prices firm with wheat up eight cents and cotton up nearly 100 points. Boston trading volume plunged from 100000 to about 15000 shares in year-end tax-loss context.
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New York Stock Exchange
Atlantic Gulf
Wilson
Senate
Calumet & Hecla
Arizona
Calumet & Arizona
Davis-Daly
Mohawk
Old Dominion
Seneca
Butte & Superior
Pond Creek
United States
American Agricultural Common
American Bosch
American Telephone
Boston D
Swift & Co
United Drug
United Fhoe
United Fruit
Boston & Maine
New Haven
Edison Electric
New England Telephone
Liberty
Victory
New England
Interstate Commerce Commission
New England Railroad
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Boston
Southern Pacific
Southern Pacific Executive Committee
California
Gulf
Goodyear Tire & Rubber Co
Malcolm N. Jackson
Howard
Harris
Wise, Hobbs & Arnold
Jackson & Harris
Devonshire Street
Richard Austin
Parkinson & Burr
Ohio Body & Blower Co
Parish & Bingham Corporation
Emerson Brantingham &Co
Cudahy Packing Co
Brown Bros. & Co
George H. Frazier
New York
Philadelphia
Ray Morris
White, Weld & Co
Charles J. Rhodes
Federal Reserve Bank of
Central National Bank
Great Northern
Louisville & Nashville
Northern Pacific
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Cleveland
Indus
Reading
Anaconda
United States Steel Corporation
Equitable Trust Co
Mass
Equitable Trust of Boston
E. S. Burns & CO
Tel
Ft. Hill
Devonshire St
Boston Stocks and Money Market Rates Highlight Edges
Outside brokers quote 8 percent on quick calls and on loans to customers 8 percent. Year money ranges from 8 to 9 percent. Spot rate noted at 23.0, reflecting market conditions in Boston.
Fay and Scott Machine Shops Closed Indefinitely
Dexter Maine, January 3. The Fay and Scott machine shops employing about 300 workers shut down for an indefinite period marking a major disruption in the local industrial sector.
MENTIONED IN THIS ARTICLE
Dexter
Fay & Scott
Where to Deposit Your Savings
Money deposited in the following Massachusetts institutions will draw interest from the dates indicated.
MENTIONED IN THIS ARTICLE
Massachusetts
Own Trust Co
Chariea
Commonwealth Trust Co
Boston
Dorchester Trust Co
Federal Trust Co
Hub Trust Co
Jamaica Plain Trust Co
Market Trust Co
Brighton
Old South Trust Co
South Boston Trust
Bonanno Trial Hears Witnesses In Cambridge Murder Case
Three government witnesses testified that Giuseppe Bonanno age two at 237 Prospect Street Cambridge fired the fatal shot that killed Francesco Bonanno of Somerville on Portland Street Cambridge early on No. 2 1220. Bonanno stands trial before Judge Cox in East Cambridge Criminal Court with a jury selected and Herman T. Evers of Malden appointed foreman.
MENTIONED IN THIS ARTICLE
Giuseppe Bonanno
Prospect Street
Cambridge
Francesco Bonanno
Somerville
Portland Street
Bonanno
Cox
East Cambridge
Woman Reinstated as Probation Officer in New York
Mrs. Feillen A. O Grady, who resigned as deputy police commissioner after criticising department conduct, was reinstated as probation officer by Chief Magistrate William McAdoo. She had been granted a 1918 leave of absence when she became commissioner.
MENTIONED IN THIS ARTICLE
New York
Feillen A. O’grady
William McAdoo
O’grady
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