Market Less Active and Again Lower in Yesterday's Trading
The report shows total New York and Boston sales, with New York leading issues such as General Motors and Century Steel in activity. It notes a continued rally at open fading to a reaction, slight overall losses, shrinking volume, and high call money around 8 percent. Brokers fear crop season money tightness and consider larger margins amid expected pools unloading in coming weeks.
MENTIONED IN THIS ARTICLE
New York
Boston
General Motors
Century Steel
Baldwin
Motors
Reading
Studebaker
Steel
Vanadium
International
Swift
Swift International
Libby
Mullins
Market Stagnation Fades as Steel Gains Boost Wall Street
The market shows inertia with New York activity up while local levels drift. Lackawanna Steel reports a strong quarter with $5.30 per share earnings and a six month net of 4.08, boosting outlook for United States Steel and others. Cuba Cane dividend talks pause with a possible August meeting. American Woolen to receive 19 million from recent asset sales.
MENTIONED IN THIS ARTICLE
Wall Street
Lackawanna Steel
United States Steel Corporation
Independent Steels
American Woolen
Diverse Industrial Financials Highlight Early 1920s NY Stocks
The report notes American Woolen's assets at 208 a share with net quick assets of 108 after preferred, while International Motor Truck Corporation shows five month earnings of 1.7 million equating to 10.50 a share annualized. Otis Elevator earnings reach 14.26 a share for six months, Woolworth pays a 2 dividend, and Western Union posts 6.97 a share for six months. Submarine Boat expands shipping, and American Chicle seeks 2.5 million shares at 40 aiding working capital amid a 350 percent rise in gross business since 1916.
MENTIONED IN THIS ARTICLE
International Motor Truck Corporation
New Brunswick
Otis Elevator
Allouez
White, Weld & Co
Hornblower & Weeks
Low, Dixon & Co
American Chicle Company
de Beers
del & Hud
Denv & Rio
den & Nee Vf
Ph. i Aenee
EndJohn. Sperersee Tetee Peepees
Erie Let
Fisk
Gaston W & W
Gdrich
Gt North
Gray & da
Haskell
Hu Motor Car
Interboro
Invincible Oil
Kennecott
Missouri K & T
Missouri Issouri Oo
Nat Aniline
Oo Seae
Nat Aniline A
Nat Biscuit
Nat Cloak
Bing
Pennsylvania Eenee
People's Gas
Penn Sea Steel
Pere Marquette
Philadelphia Co
Phillips Petrol
Pitt Cc&sl
Pitts Coal
Pitt Coal
Pitts & Vasoi
Sears Roe
Ball Hee
Sinclair Oil Wean Eee
Sloss Sheffield
Tharn Pac
Bo P R Sug Pf
Texas Co
Rte & Imp Seene
Smelt P Seeee
Steel Pf
A Wopper
War Chem
Ae Waban
Eeree
West Ett
West Pac
Willys Oland of
Wilson Co
Woolworth
Worth Pump Steel
Boston Curb
Alavarado
Steerer Highlow Crete
Albany
Eee
Allied
Aoe
Arizona Seataeee Ay
Arizona Silver
Boston & Won
Butte
Eureka
Eereeter
Ventura Consolidated Oil Fields
A. B. Bwing
Boston
American Zinc
Lead Andi Ng
American Zinc, Lead & Smelting Company
Payabel
Sugar Prices Peak Seen by Industry Veteran
Financial Editor's Notes quotes Edward F. Atkins of American Sugar Co predicting a peak in sugar prices and a gradual decline due to increased production. He argues refiners can profit in a falling market with skill, while manufacturers suffer margins through inventory carry and high fixed costs. The note also highlights rising federal taxes in Boston, showing tax income soaring from 9.17 million in 1914 to 350.93 million in 1920, squeezing the business sector.
MENTIONED IN THIS ARTICLE
Eward F. Atkins
Erican Sugar Company
Mr. Atkins
Boston
Also Mentioned on This Page
Chicago
Philadelphia
Detroit
Cleveland
Saint Louis
Baltimore
Pittsburgh
BAN
Francisce
LOS Angeles
Buffalo
Cingcinnati
Haskins & Sells Certified Public Accountants Cable Addrss
Hasksells
Fifth Avenue
Havana
Shanghai
Paris
Smanomat, Coina
SzEo
Muen Road
Menery
Devault
Mavana
Cuba
National Banigop Cuba
Julian Br. Barnett
PROM
New York Stafp
Prance
Provence
Mana
Eer
How
RUE Denard
P. Garner
Cutmr
Unevernstate
Bquidation Commission
Australia
New Zealand
Bank OF New South Wales
Capital Reserve Fund Reserve Liability of Proprietore
S Assets Ltd
Gomn Russell French
General
Newpoket
New Guinea
London
Shade Cae Pohner
Zorge Street
Sydney
Lackawanna
Dall and Lower
Montreal
Island of
L. G. Beaubien & CO
Montreal Stock Exchange
Notre Dame
Canada
Massachusetts
C. D. Parker & Co, Inc
Securitie Equitable Building
Milk St
North Butte
Edith May
Western Union
Alaska
Inter Corp
Linseed Oil France
Locomotive
Ship & Com
Sm & Repi
Sumatra
Ad Bir& A Pl
Atlan G
Baldwin Loco Pf
Balt & Ohio
Barrett Coeaeeree
Beth Motor A
Bethlehem St
Beth Steel
Brook Rap
Brook
Brunswick
Aya
Andover Savings Bank
Andor
Blackstone Savings Bank
Brichton Five Cents Savings Kline Savings Bank
Melrose Savings Bank
Melrose
Boston Five Cents Savings Bank
Columbus Savings Bank
Franklin Savings Bank
Home Sa Bank
Medford Savings Bank
Suffolk Savings Bank
Waltham Law Bank
Wal Warren Institution
Ston
Gates
Charlestown Trust Co
Charles Commonwealth Trust Co
Cosmopolitan Trust Co
Ton Fed Trust Co
Fidelity Trust Co
Hanover Trust Co
Hub Trust Co
South Boston Trust Co
United States Trust Co
Melrose Trust Co
Somerville Trust Co
National Banks
Bezistes National Bank
Union Market Nat'l Bank
Water’n
Sinclair Consolidated Oil Corporation
OTAL
Spencer Trask & Co
Eachange
Congress St
Financial Editor's Notes
Bank of Germany
Thayer
American Telephone Co
Boston Stocks
T & el
Rest Butte Seeeete
Transfer Agent Registrar and Transfer Company
United States Mortgage and Trust Company
Darwin R. James, Jr
United States
Toronto
England
Adams and Beeman
McAdoo, Coton & Franklin
New York Stock Exchange
Hornblower
Law, Dixon & Co
Weld & Co
Isle Royale
Men & L
Old Dominion
United Fruit
United Shoe
Buitt
West
Chicago Grain Market
A. F. Dow & Co., Inc
Chas. P. Cow. Pres
Treas
State Street
Goldfield Me
Tlanta Mee See Co
Blue Bull Mining Co. Co
O. D. Consolidated Mines Co
Goldfield Combination Mining Co
Milltown Mining Co
Goldfield Deep Mines Company
H. G. McMahon
Goldfield
Nevada
Ecorctee
Wess
Eves
Alor
Crucible Am. Tel
Tel. Am
Mane Island
N. Y
Cosden
Ol Davis Gray Davis
Rock Island
Willys-Overland Studebaker
Pacific
Simms
Pete Sinclair
Arthur M. Harvey
Cornhill
East Coast Fisheries
G. F. Redmond & CO
Fort Hill
H. BE. Pheeney
Pheeney Brothers, Inc
G. F. Redmond & CO. Inc
C. L. Hayden & CO
Mass
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