Disintegration boosts tobacco stocks amid lingering monopoly questions
The article notes a sharp rise in shares of the new American Tobacco Company and its spun off firms Liggett & Myers and P. Lorillard after disintegration. It explains price gains, new 10 percent dividends, and the legal-structural changes, while questioning whether actual competition exists or simply a reorganized arrangement.
MENTIONED IN THIS ARTICLE
American Tobacco Company
New American Tobacco Company
Liggett & Myers Company
P. Lorillard Company
Liggett & Myers Common
P. Lorillard Common
Fie
Old American Tobacco Company
Liggett & Myers
Prices Pursue Irregular Course As Markets Swing
American Tobacco loses part of its recent gains while General Electric hits a new high. In New York and Boston total and active share figures are listed with Weyman Bruton Co. up 35 to 235 and Am Tobacco down 8 7 to 3 13. Call and time money rates are noted for both cities.
MENTIONED IN THIS ARTICLE
American Tobacco
General Electric
Brooklyn
New York
Boston
Steel Common
U. S
Ieeee
Ee Reese
Lee
Brocate&shf
Eee
At&sf Pf
Atc Line Ee Teeee
Aldwin Loco Et Eeee
Baldwin Loco Pf
Balt Ohio
Beth Steel Ee Ee Eee
den R.G Wes Thy
Erie
M & B Pf
Eleo
4Ien
Helme Co
Ow. Helme Co
New York Market Surges as Industrials Lead Weakness Follows
Stocks rose with strong breadth led by United States Steel and local tractions as Brooklyn Rapid Transit hit multi year highs. Reading Union Pacific Northern Pacific Chesapeake Ohio and Missouri Pacific posted gains before profit taking trimmed advances. Banks drained funds to the sub treasury amid fiscal year end.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Brooklyn Rapid Transit
Standard
Reading
Union Pacific
Northern Pacific
Chesapeake & Ohio
Missouri Pacific
Baltimore
Sub-Treasury
Eonsols
London
Berlin
Paris
Boston Market Shifts as Stocks Tie to Dividends and Demand
Local stock dealers posted a modest 87 930 listed and unlisted shares with 48 000 in bonds. Smelting common and Butte & Superior led gains amid cautious activity influenced by New York. General Electric rose on talk of a 2 percent stock dividend, with some forecasts as high as 30 percent, while the market closed firmer.
MENTIONED IN THIS ARTICLE
Liggett & Myers Co
P. Lorillard Company
New Preferred
Liggelt & Myers Co
New Common
Boston
New York
Butte & Superior
Steel Common
Shannon
Mason Valley
East Butte
General Electric
KC Fs&m
NY & N
Torrington
West T & T
Adventure Eee Eeee
Allouez
Amalgamated
Am Ag Chem
Ag Ch
Pfenna
Pneu Pf
Tel & el
Amoskeag
Arizona
Bos Elevated
Butte & Sup
Cal & Arizona
Cal& Hocla
Centennial Er
Greene
Indiana
Inspiration
Island Creek
Isle Royale
la Salle
Maine
Old Colon Nion
Pullman Co
Ray Bates
Peneck- Ari
United Fruit Ettene
United Shoe Serene
Eaee
Utah Congol Ee
Lly
Utah Cop Co Se
West End
Wolverine
Stocks Narrow Gains Highlight Major Movers
Boston market notes extension Raven Copper Hagle Blue Bell and Bay State Gas drawing the most attention as price shifts remain modest. Verde Extension fell 3[88] cents to 25 cents with finer fluctuations listed thereafter.
MENTIONED IN THIS ARTICLE
Raven Copper
Hagle & Blue Bell
Bay State Gas
Verde
Nevada
Arizona Mich
Bay State
Bohemia
Butte
Calaveras
Corbin Serene
Crown Reserve
Davis Dalyereenae Castiae
Eagle & Blue Mall
Germany
Goldfield
Humboldt
Douglas
South Lake
Curb Market Activity Mixed Despite Lower Volume
The curb market showed some liveliness yesterday compared with the prior session though overall volume was below normal. Copper and other metal trades were affected as buyers hesitated and prices fluctuated.
Metal Markets Quiet at New York Exchange Copper Trends Mixed
At the New York Metal Exchange yesterday trading was quiet copper ruled none too firm tin weak but spelter rose five points in bid price standard copper prices follow.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
Also Mentioned on This Page
Fort Smith Light & Traction Co
Fort Smith
Arkansas
New York Stock Exchange
LEE, Higginson & CO
Chicago
American Tobacco Co
New Jersey
Consolidated Tobacco Co
Continental Tobacco Co
Supreme Court
New
R. J. Reynolds Company
American Snuff Company
George W. Helme Company
Weyman- Bruton Company
Old Compact
Lorillard
Reynolds Company
Helme Company
Weyman-Bruton Company
Liggett
Megara Com
Geo W Helme Co
Wey'n & Bruton
Conley Foil Co
Johnston Tin Foil Co
McAndrew & Forbes
Adirondack
L. Sherman Adams
Congress St
Massachusetts
Turner, Tucker & CO
Milk Street
Broadway
New York Market
Cop
Agr Corp
Iowa
Lac
Lehigh Valley
Liggett & Mey
Lorillard Co
Louis Nasheeeees
Mackay Ad
Manhattan
May Dept Store
Mer Marine
May Dept
Miami Co
NYC
Pitts Steel
Rock Island
Bears-Roeck
South Tees
Btan Ill Pf Settee
Bt L&sfot
Studebaker T
the Texas Co
Tol Bl& W Ste
Thirl Ave
West End Street Railway
Mass
N. H
Chicago City Railway Company
R. I
Minneapolis Gas Light Company
Lexington Hydraulic & Manufacturing Company
Great Western Power Company
Indianapolis, Newcastle & Eastern Traction Co
Maine Savings Banks
Mason City & Clear Lake Railroad Company
Coast Valleys Gas & Electric Company
E. H. Rollins & Sons
Denver
San Francisco
Los Angeles
UBC
Otis
Chem Eee Ees
Eeeres
Ada
Eee Eerane
Abash Pf
Er Eeeres
West Union Sewenne
W4&le 2d Pf
W& LE Pf
Westinghouse
Eymanrut
Weyman& B Pf
Woolworth Co
Woolworth Pf
Wis
Boston Stocks
The
National Shawmut Bank
Water St
Postoffice Sq
Boston, Mass
Consol Aziz
Metal Markets
Saver
Associated Trust
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