Market Rally Outlook and Local Decline Pinch Markets
The report notes a sharp market rally countered by dull local activity and irregular trading. Copper markets show stagnation while Atlantic Gulf negotiates a government settlement affecting near term prices and policy.
MENTIONED IN THIS ARTICLE
Atlantic Gulf’s
Market rally lifts New York and Boston shares
Yesterday’s activity saw New York total sales of 593 900 shares and Boston 13 445 as investors awaited a potential rate decision. Governors optimism and technical buying supported gains while mixed sentiment left the market volatile and within a narrow range from last week’s lows.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
International Products
Market Shifts Show Mixed Gains Across Several Stocks
American Bosch and American Woolen advanced modestly while Punta Alegra Sugar posted small gains. New Haven rose to 291 2 in New York and Boston 293 8 in Boston. Copper markets remained weak amid lack of foreign buying, with April output at 150 million pounds and May sales at 62 million. Pacific Development’s China option rumored loss capped at 30 thousand dollars. Atlantic Gulf gains came from government settlements while other claims loom large. International Harvester moves to raise stock issuance and fund an employee plan. Crucible Steel, Mexican Petroleum and Pan American Petroleum report solid profits in recent months.
MENTIONED IN THIS ARTICLE
American Bosch
American Woolen
Gray & Davis
Boston & Maine
New Haven
New York
Boston
Pacifico Development
China
Human Board of Mines
Changsha
Pacific Development Corporation
Hayden, Stone & Co
Pacific Development
International Harvester Co
Canada
Crucible Steel
Mexican Petroleum
B. F. Goodrich Co
Pan American Petroleum Co
Aoito
Bosch
Car & F
Hi &H
Inter Co
Inseed
Lin Oil Pf
Locomotive
Ose
Ship & Com
Bm & Re
Bm & Repf
Atlan G & W
Balt & Ohio
Oe Ce Co
Bennet
Beth Steel
Brook
Brook Rap
Brook Rats
Brunswick
Burns Bros
But Cap & Z
Butte & Superior
California
Chi & N West
Chi Prney Tool
1 & P Oeeaee
L& Pots
Ino
Coca Cola
Col Fuel & Iron
Cothern
Columbia Graf
Con Cigar Corp
Con Gasseeee
Consol Textile
Deere & Co Sp
del & Hudson
Denver & Rioa
Detroit United
Dome Minea
S & At
Gaston W & W
Gulf Mobile
Invincible Oil
Island OE T
Kansas City
Kelly Tire
Etree Se
Kelly T
Kennecott Bobs
Keystone Tire
Lac
Lake Erie & W
Lake F & W Pf
Lee Tire Seemnee
Lehigh Ey
Loews Inc
Lorillard Eet Esses
Lo’ Re & Nash
Nodes Cos
Manhatel
Mathieson
Maxwell Motor
May Dept Store
Jami
Middle Star Gil
Midvale Steel
Minn & St Lim al Beesi
Missouri K & T
Actna Explosives
Missouri Pacific
Easeene
Missouri Pac Pf
Cities Service Com
Bkrs Sh
Montana Power
Prd Ates Eens
Mont-War Sete
Pre Betes
Mullins Body
Deben Cs
National Acme
Cor Light and Power
Nat Aniline
Wii Farrell Peptone Enee
Nat Aniline Ibe
General Aseh
Nat Biscuit
Nor Amer Ate
Nat Cloak Pf
Pee Tire
Nat Enam & St
Nevada
Swift Stakecalieont
O Tex & Mex
United Profit Sharing
Y Central
United Retail Candy
NY Chi& St L
New York Dock
Allied Sabe Dewareneeeennes
Nynh&h
Ataniie
Y Cnt & W
Norfolk South
Teeeees
Norfolk & West
Bos Wyo Cvs Dadeeses
North Pacific
Caril Syndicate
Nova Sea Steel
Cusing Eeeenee
Nunnally Co
Elk
Seneeenee
Pacific Gas
Guffy Gill Terereere
Pacific Tel & Au
Pan-Am
Pan-Am Pet
Erritt Oil
Northwest Oil
Penney J C Pf
Peoples Gas
Producers & Refiners
Pere Motte
Ryan Con
Seaeete Ee
Philadel
Aie Sapulpa
Phillips Etrol
Pitts
Pond Creek
ABC Metals
Stear
Belachever
Belchever
Boston & Montana
Calumet & Jerome
Candalirca
Orebeen i
Cresson Con
Ei Salvadore Samweee
Motor T
Goldfield
Golden Gate Seer
Sinclair Oilene Ee
Sheffield
Thern Pac
West End
Ps Ceetaaeid
Alaska
Oil & E
Booth Fisheries
Boston & Alban
Cal & Arizona
Cal & Hocla
Carson Hill
Int
Com Corp
Kerr Benesrsee
Libby, Mon & L
W'S Theatres
Maine Central
Eeeenee
May-O Colony
Nat Leather
Michigan
Nipissi
North Butts
Peace Os
Pacific Mills
Parish Bing
Ney Mining
Shannon
Swift & Cosantos
Fe Internac
United
Utah
Criticism of Income Tax Law Exposed by New York World
The New York World editorial pins down the income tax system as unfair and ineffective. It argues only about 2,000,000 of 40,000,000 workers pay the tax and urges full audit of earnings from corporations and farmers alike to ensure fair collection.
MENTIONED IN THIS ARTICLE
The
New York World
Financial Editor's Notes on Money, Markets and Ponzi Schemes
The piece surveys Federal Reserve views on money and crop movement, criticizes market letter accuracy, and analyzes Ponzi’s alleged profits from international postal coupons. It questions currency redemption, exchange rates, and the feasibility of widespread coupon trades amid postal office involvement.
MENTIONED IN THIS ARTICLE
Harding
Federal Reserve Board
Auto Thief Probated After Larceny Conviction
A man charged with stealing an automobile valued at 1500 belonging to Lewis Rubin was arraigned in Roxbury court yesterday. He was found guilty and sentenced to Concord Reformatory, then placed on probation.
MENTIONED IN THIS ARTICLE
Lewis Rubin
Thomas F. Sullivan
Tremont Street
South End
Roxbury Court
Money Market rates update across brokers and loans
Outside brokers offer quick call money at 8 percent. Customer brokers lend at 8 percent. Individual customer collateral loans range 7 to 8 percent. Customer commercial loans run 7 to 9 percent. Commercial paper yields 8 percent. Year money sits at 7 to 8 percent.
Also Mentioned on This Page
Vienna
Treasury
Broadway
Europe
von Polenz & CO
Ated
Bankers
Fort Hill
Chicago
Philadelphia
Investm
Court Square
Berlin
Harburger, Kuhn & Co
Hay
Investment Bankers
Tremont ST
Mass
Investment Securities Equitable Building
Milk St
Atlantic Gulf
Railroad Administration
Porto Rico
Clyde and
Mallory
N. Y
Ier Ju. Dary
Texas & Basie
U S
Vivaudou Inc
Wells Fargo
West Pao
Western Uni
Westhouse
Willand
Woolworth. Tereee
City OF Vienna
A. W. Lincoln & Company Bankfers
FBI
Post Office Square
Financial Editor's Notes
Banking House Statisticians
Austria
Switzerland
Consol
A. F. Dow & Co., Inc
Dow, Pres. and Treas
Grive Street
Withington & CO
State St
Tel
Albany Divide
Allied Oil
Ariz Silver
Boston & Mo
Chief
Coniston Wye Oil
Crystal
Pup
Denbigh
Ely Consener Ereees
Eureka
Enerenna Eee
Gardner Motors
Hecla Divide
Imperial
Jerome Verde
Leford Co
Manhattan Teen Eee
Mutual A Trust
Money Market
Sanee
Treas
Norway
Argentina
Ease
Oe Tanner
Chicago Grain Market
Germany
Rothschild, Campbell Co.,Ltd
Investment Securities Foreign Exchange
Kilby Street
Telephone Main
State Mutual Building
Worcester
Rock Island
Gallagher & CO
State Street
East Coast Fisheries
Lamson & Hubbard
G. F. Redmond & CO
Mark Exchange
Abbott, Putnam & CO
Foreign Department
Heyden Chemical
U. S. Steamship
Wyoming
Glenrock Oil
Arthur M. Harvey
Cornhill
la Santa Lucia Gold Mines, Ltd
H. C. Crow
Sunnyside Ave
Toronto
Gallagher & Co., Inc
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