Stocks Drift Lower Amid Market Pressures and Oil Woes
The market slid again as stocks opened lower and declined with weak rallies. Call money rose from 8 to 15 percent amid heavy liquidation in oil stocks due to salt water in major wells, and government tax reporting scrutiny weighed on sentiment. Several issues fell, notable gains in Naumkeag Steam Cotton, Gillette Safety Razor news for a February meeting, and strong earnings hints from National Biscuit and Ohio Body & Blower point to mixed near-term prospects.
MENTIONED IN THIS ARTICLE
Homer
Louisiana
Crucible Steel
American Can
Stock pricing and oil stocks inflation noted by editor
Financial editor discusses United States Steel offering price for employees from 1909 to 1919 and compares it to market trends, noting the price often tracks near current market value but does not guarantee future stock performance. A second analysis uses a pyramid analogy for gold and credit, warning of oil stock inflation and overcapitalization risks.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Fragmentary financial sequence from a ledger page
Readable figures show a rising sequence of monetary values ending at 1 561 50 and 1 500.00 with intermediate steps listed. The OCR fragment lacks context, dates, names, or units to identify the account or purpose beyond a numeric progression.
Carner appointed Consolidation Coal manager
E. H. Garner named manager of the Poston office of Consolidated Coal Company at 50 Congress Street to succeed R. C. Gillespie who has resigned. The appointment is effective today.
MENTIONED IN THIS ARTICLE
E. H. Garner
Poston
Consolidated Coal Company
Congress Street
R. C. Gillespie
Butler Elects Morgan Butler as Director of International Trust
Morgan Butler has been elected to succeed his father William M. Butler as a director of the International Trust Company. Morgan Butler is actively connected with the textile interests of his father.
MENTIONED IN THIS ARTICLE
Morgan Butler
William M. Butler
International Trust Company
National Leather Company Declares 40 Percent Dividend
At a directors meeting held in Boston the National Leather Company declared an initial dividend payable February 15, 1920 to stock of record January 24, 1920. The dividend equals 40 percent or 4 dollars per share on a par value of ten dollars.
MENTIONED IN THIS ARTICLE
Gillette Safety Razor Company
Gillette Safety Razor
Boston
Ohio Body & Blower Company
Ohip
Ohio
Consolidated Ship Yards Corporation
Eer
National Leather Company
Pittsburgh Tin Plate and Steel Corporation
New York
Broadway
Arcade
Pittsb
TIN Plate and
ST Corporation
Union Arcade
Pittsburgh
Sansany
Gore
Texas Production Co
Iowa Park
William H. Fowler
Iowa
Petrolia
Texas
Securities Exchange
Denver Con. Stock Exchange
Also Mentioned on This Page
Endicott Johnson Corp
Thomas G. Plant Co
Hornblower & Weeks
Congress St
Providence
Chicago
Portland
Detroit
Gillette
U. S. Steel
Carson Hill
Texas Oil
Elevated
Boston & Maine
Copper Range
Island Creek
Old Dominion
Osceola
Cleveland Automobile Company
Boston Stock Exchange
National Biscuit Co
National Biscuit Company
Financial Editor
Federal Reserve Banks
Corporation
Lis
Delaware
New Bedford Dry Dock Company
Fairhaven
Mass
Elizabeth City Shipbuilding Company
Elizabeth City
North Carolina
Turner & Gilbert
Maine
Turner & Gilbert Shipyard
Stickney, Ppawlinson & Colclough Incorporated
Fort Hill
Devonshire Street
Worth & Company
John F. Melanson
Carney Bldg
Australia
New Zealand
Bank OF New South Wales
Aggregate
Sir John Russell French
K.B.E
Fiji
Papua
New Guinea
London
Threadneedle Street
Quorge Street
Sydney
G. F. Redmond &Co
Mexico
Makeever Brothers
Washington St
Boston, Mass
Northway Motors
Texcalokan
Middlebury Marble Co
W.N. Withington & CO
State Street
Winslow Taylor & Co
Parker
Devonshire St
New York City
Hovut
Belgium
Carner
Consolidation Coal
Mgr
Butler
International Trust
Homer Union
Dues and Company
Savoy Building
el Paso
Tex
Central Stock Exchange
Paso Stock Exchange
Shreveport
Superior Oil
Kentucky
U. S. Geological Survey Department
C. E. Welles & CO
New York Stock Exchange
Exchange St
Oil Review
Arizona
Arizona Silver
Curtis
Paci
ER & Co., Inc
Wall St
Vel
Hanover
Kilby St
Mair
the Post
Homa Oil