Market Rally Seen After Money Rates Dip Across Markets
The market opened irregularly as leaders held firm while money rates rose to 9 percent then fell to 6 percent, prompting stock gains by midday. Strong oil and steel stocks supported buyers though some newer oils faced heavy selling. Orpheum Circuit plans a 109943 share offering at 52.50 with Martin Beck leading the company amid large assets and high earnings.
MENTIONED IN THIS ARTICLE
Mid States
Richardson, Hill & Co
Orpheum Circuit, Inc
New Delaware Corporation
Orpheum
United States
Canada
Chicago
Pacific Coast
New Orleans
Winnipeg
Martin Beck
B. F. Keith
New York Theatres Company
Telephone Company Plans Growth While Preserving Dividends
The firm intends plant enlargement funded from earnings to boost capacity and bookings, forecasting net profits of $5 a share for the year and early summer dividends on 100,099 shares. American Telephone & Telegraph reports year end net for dividends of $44,877,865 or $10.04 a share on $441.96 million capital, up from $43,901,324 or $9.93 a share in 1918.
MENTIONED IN THIS ARTICLE
Ohio
Daly West
United Drug
New York
American Telephone & Telegraph
American Telephone
Telephone
T & Tel
Amoskeag
Boron
Boston & Me
Boston
Butte & Balak
Cal
Arizona
Cal & Hecla
Carson Hill
Centennial
Century Steel
Éraeble
Davis
Franklin Se
Gorton-Pew Ween
Gray & Davis
Greeme-Can
Int' Cement. Corp
Cot Mills
Nets Ceenee
L Creek C
Tland Oil
Isle Royale
New River
North Butte
Sup & Boston
Swift & Co
Swift Int
Torrington
Trini
United Ara
United Shoe
UN Shoe Pf
U S Smelti
Utah Apex
Utah Conseeneee
Utah Metals
Ventura Ae
Victoria
Walworth
Warren Ist
West End
Market gains amid Fed uncertainty and weaker oils under stocks
New York trading opened with cautious strength as speculation rode onFed policy ambiguity. Time money vanished from markets and oil stocks like Middle States Oil Union Oil and Columbia Graphophone fell 5 to 17 points while total sales reached 17.2 million dollars with strong rail and war bond activity.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Washington
Central Bank
Middle States Oil
Union Oil
Columbia Graphophone
Stirling
Bank of England
U.S
Financial Editor's Notes Reflect Banking Shifts and Market Bets
The piece reports New York Clearing House banks seeking a uniform rate for deposits tied to interior banks, with a possible rise in the discount rate to 5 1/4 percent. It notes shifts in investment toward steel and basic industries for 1920, highlights American Telephone earnings around $10 a share for 1919, and cautions about unreliable tips from Submarine Boat directors amid dividend rumors.
MENTIONED IN THIS ARTICLE
New York
Harding
Mexican Petroleum
Pan American
Money market rates at a glance
Outside brokers 8 percent call and loans. Individual collateral loans 6 percent. Customers loans 6 percent. Commercial loans 6 percent. Commercial paper 6 percent. Year money 6 percent.
Also Mentioned on This Page
Baton Rouge Electric Company
Baton Roll
Baton Rouge
Louisiana
Light and Power and Gas
Railway Department
Stone & Webster Management
Stone &Webster
Milk Street
Simms
Simms Magneto Company
Sever Metall
Ophir Metals
Montana
Denbigh
Hew
N. Y
Partia
Alpert Sutcliffe & Co
Washington Stite
Winslow Taylor & Co
Parker Bld
Devonshire St
Fort Hill
Treasury
King Sweets
New York Corporation
Harris, Pierce
New St
New York City
C.E. Welles & CO
N.Y. Stock Exchange
Broadway
Daniels & Wilson Furniture Company, Inc
Depositors Oil & Gas Co
R. E. Stafford
OLD Colony Woolen Mills
Com
Earnest E. Smith & CO
New England Securities
Devonshire Street
Mass
American Telephone Annual
New York Market
Estes Senees
Agito iv
Low Point
del Rio
West Virginia
Texas
William P. Gorman & Co.,inc. Investments
State Street
Gladstone
Geo. E. Mitchell
Water St
Financial Editor
House
Senate
Congress
Money Market
Inser
Berlin
Germany
A. W. Lincoln & CO
Foreign Exchange
Post Office Square
Inter Corp
T & Tel “Pee Te
Atchison
Gulf & WI
Rumely
Rumely Pt. Ie
Alaska Juneau
Allis Chalmers
Agri Chem
Bosch
Bosch Ig
Harv Corp
J C Penney
Kennecott
Lee Rubber
Loft Inc
Lehigh Valley
P Lorillard Ea
Louis
Mo Pacific
Manhattan
Miami
Maxwell Istetts
MK & Texas
Senna
T&m Opis
Nevada Cone
Y Central
NYNH
Pacific
NYC & SL Ist Pf
Nova Sco Steel
NYC Dock Co Eens
No Am Co Es Veene
Otis Steel
Ohio Gteen
Aes
Oklahoma
Owens Bottle
Pac G& Elec
Pere Marquette
Pere Fae Pf
Iby
Beth Steel
Booth
Beth Motor
BR Ansit Weetee
BR T Ctf Teeves
Brunswick Ter
Burns Brossebseee
Butterick Co
Butte Copper
Butte & Sup
C & St P
China
Coca-Co
CM & St P Pi
Chic & W
Chile
del & Hi
Denv & G Pf. Ag
End-Johnson
Fisk
Gen Electric
Gen Motors
Pan-Am Et Eeseae
Heen
Enn
Paris
Pitts
N.Y
Sinclair
Studebaker
Stude Corp of
Stromber
Texas Co Oeeeevese
Texas & Pacova
Tex Pac Ld
Twin City
UN Pacific
Ind
Alco
Utah
Union Pac Ps
United Fruit
U S
Westinghouse
Worthington
Willys-Ove
Orie
Mies
Wilson Co
Reins
Boston Stocks
Chem
Silver Reef
James J. Benelisha & CO
Curb Exchange
Exchange Street
Universal Tide Power CO
Canal Street
John A. Knowlton
Treas
Homa Oil
A. F. Dow & Co
Universal
Consolidated Silvers
Lowe & Company
State St
Boston Hill
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!