Irregularity in Stock Prices Hits New York and Boston
The report shows total sales of 584,800 shares in New York and 31,302 in Boston with readings on major issues. Reading and Isle Royale Copper lead gains while Smelting and Calumet & Hecla suffer notable losses as rates ease in money markets and traders react to foreign rate cuts.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Isle Royale Copper
Northern Pacific
Isle Royale
Calumet & Hecla
Bank of England Rate Cut and Market Moves Across Sectors
The weekly Bank of England statement shows reserve up 1.655 million pounds and circulation down 114 thousand, with deposits shifting and a reserve ratio of 54.80 percent. The Bank also cut the discount rate from 5 to 4 percent, the third cut this year. J M Francis & Co opened a stock brokerage at 29 State Street. Quincy Market Cold Storage declared a 2.12 percent quarterly dividend payable Feb 1. February dividends total about 25.29 million, with interest around 35.83 million. City Manufacturing of New Bedford declared a 5 and 3 dollar dividend payable Feb 1. New York Stock Exchange demands price and interest for all trades. Nathan L Amster reports improved ore production and lower costs at Shannon and Arizona Commercial properties, plus strong Black Hawk vein developments. Speyer & Co offers 6 million Chicago Rock Island & Pacific bonds due 1934, yielding 5 percent. H P Allen Montgomery elected to Consolidated Stock Exchange. France lowers discount rate to 5 percent. Bank of France reports various currency shifts. East Boston Gas seeks capital raise to 275 thousand. Pressed Steel Car declares 1.5 percent dividend. Boston & Worcester Railway earns up to 43,546 in quarter.
MENTIONED IN THIS ARTICLE
Bank of England
J. M. Francis & Co
State Street
Quincy Market Cold Storage & Warehouse Company
City Manufacturing Company
New Bedford
Mass
First National Copper Company
New York
Thomas W., Lawson
Edgar L. Newhouse
George N. Towle
William H. Brevoort
T. M. T. Raberg
Thomas J. Barbour
R. N. Bishop
Thomas W. Lawson
New York Stock Exchange
New York City
Nathan L. Amster
Boston
Shannon
Arizona
The
Globe
Black Hawk
Speyer & Co
Chicago, Rock Island & Pacific Railway Company
Rock Island Road
London
Amsterdam
Frankfort
Berlin
New York State
Treasury Department
H. P. Allen Montgomery
Consolidated Stock Exchange of New York
Augusta
Merrill, Oldham & Co
New England Cotton Yarn Company
Bank of France
Treasury
East Boston Gas Company
Gas Commission
Pressed Steel Car Company
National Mining Exploration Company
Boston & Worcester Railway Company
William B. Soule
Boston Curb Market Transactions Steady for Jan 28
On the Boston curb market today activity was moderate with prices largely steady. Davis-Daly fell 7 16 to 47 16, Utah Apex declined 5 16 to 41 16, Superior & Pittsburg rose 3 8 to 131 8, Nevada Utah unchanged at 51 8, with notable moves in Shawmut Consolidated Amalgamated Nevada Bay State Gas Nevada Utah Union Copper and Rosario.
MENTIONED IN THIS ARTICLE
Exchange Place
Davis-Daly
Utah Apex
Superior & Pittsburg
Nevada
Utah
Shawmut Consolidated
Bay State Gas
Union Copper
Rosario
King-Crowther Stock Market Opens With Wide Price Range
The market begins for King-Crowther Corporation stock with offers from 37 shares at 50 up to 5 at 80 and bids totaling 445 shares. Customers discuss no short selling or wash trades, aiming for a fair, supply and demand driven market on the first day.
MENTIONED IN THIS ARTICLE
King-Crowther Corporation
King-Crowther
King Crowther
Also Mentioned on This Page
Old Colony Trust Co
Temple Place
Financial District
Ames
Lst
St. Paul
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the Hill
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Standard Oil Company
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Cortelyou
Atchison
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Woqdss
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Isessne
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Ste
Cpe
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Eee
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J. Thomas Reinhardt
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Ected
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Journal Building
Silver Mining CO
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See
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Fort Hill
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Gea
Howell & Little Exploration
Stock Exchange
Inter- Trust Security CO
Water St
Central Sq
Lynn
Maas
Weybosset St
Providence, R. Y
James J. Benelisha & CO
Dominion Copper
James Shay & He
State Fe Street
First National ¢ Copper Co
Balaklala
Stockho
Broad St
19 Exchange PL