Market Dips as New York and Boston See Liquidation
Yesterday's turnover showed renewed liquidation with overall market weakness. New York and Boston both saw declines in several issues while United Fruit and Mercantile Marine preferred fell on adverse rate news, and earnings reports from rail and steel sectors signaled uneven recovery amid improving June results for Chicago, Milwaukee & St Paul and ongoing corporate financing moves.
MENTIONED IN THIS ARTICLE
Boston
N. E
St. Paul’s
U. S
Goodrich
New York
Bears
United Fruit
Merccantile Marine
Financial General
American Steel & Wire Company
South Atlantic
Mississippi Basin
Louisiana
Texas
Middle Atlantic
New England
Pacific Coast
Interborough Rapid Transit Company
Transit Commission
Hudson& Manhattan Railroad
Swift & Co
Chicago
Illinois Trust Co
Harris Trust & Savings Bank
Continental & Commercial Trust & Savings Bank
Merchants Trust Co
Jones & Laughlin Steel Co
American Car & Foundry Co
Chicago Milwaukee & St. Paul
Canadian Pacific
Atlantic Coast Line
Central of New Jersey
American Bank Note Company
Producers & Refiners Corporation
Converse Rubber Shoe Company
Converse
Company ran at eighty percent capacity through Dec 1
The firm reports sustained output to Dec 1 and cites the first quarter ending July 1 as its best ever. Management expects two more quarters to match this performance, with the nine months ahead likely to be as strong as the opening period.
Market Pulse Notes and Bond Market Strength
The piece reviews irregular stock activity with gains in Great Northern and Northern Pacific while United Fruit weakens on earnings doubts. It discusses Interstate Commerce Commission delays on New England trunk line rates, rising long term bond allure, and Fed reserve ratio shifts, citing leaders Elliott and Grace as signs of economic improvement.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
New England
Union
Commission
Low
Adams Teweeee i
Alaska Ju
Allied
Ship & Com
Anid Osif
Evans
T&t
At&sf
At& SF
Bir& Atl
Atlan
Burns Bros
Chandler Motor
Chi & St P Pf
Chi RI & Pac
Chile Coron
Col Fuel & Pee
Columbian
Columbia Graf
Con Cigar Corp
del Lack & W
Davison Chem
den & Rio G Pf
Endicott-J'n'n
Erie Pete Neeereeee
Pf Senenneee
Erie
Sesseenee
Fed M & Smp
Fisk Rubber
General Motors
Illinois
Invincible i
Toland Oil &Ity Bo
Han City
Kelly Ti
Kennecotte
Lal E& Lee
Lehigh Vi Aliey
Loews Inc
Liggett & M Pf
Peeeere
Louisville & Nash
Marianus
Pi. Ai
Martin
May Dept
Mia's States
Minn & St La's
Midvale Steel
Issouri
Missouri Pacific
NYS Building
Nor & We Datevans
Okla Pro & Re
Otis Stee
Owens
Pac Mail
Pacific Oil
Pan-Am P & T
Phila Cosemen
Pierce-Arrow Neeee
Ferce Ms
Pierce Oil Pf
Pitts & W Va
Pond Ork
Stewart
Stromberg
Union Pacific
United
Jonie Corp. Chem
Dove Chemple
On Haven
Great Northern
Northern Pacific
Pennsylvania
Atchison
Iire
Bears
United Fruit
Shorts
Pierce- Arrow
General Electric
American Locomotive
Cvil
Federal Reserve System
New York
Howard Elliott
Northern Pacific Railroad
Grace
Bethlehem Steel Corporation
City Council Prison Committee Inspect Charles Street Jail
The prison committee chaired by David J. Brickley inspected the Charles Street jail yesterday afternoon.
MENTIONED IN THIS ARTICLE
Charles Street
David J. Brickley
Harding Off For Plymouth
President Harding sails for Plymouth to attend the Pilgrims Landing Tercentenary with Mrs Harding and a Mayflower party including Speaker Gillett and several senators. A naval convoy accompanies the Mayflower from Hampton Roads via Cape Cod Canal to Plymouth with battleships Florida Delaware and North Dakota in the escort.
MENTIONED IN THIS ARTICLE
Plymouth
Lancaster
N. H
Harding
White House
Frelinghuysen
New Jersey
Hale
Maine
Phipps
Colorado
Weeks
Walsh
Massachusetts
Sawyer
George B. Christian, Jr
Caps Cod Canal
Portland
Hampton Roads
New
Ford
Virginia Capes
Cape Cod Canal
Truxton
Stewart Pillsbury
Peary
Pope
Coanel
Delaware
Florida
North Dakota
Mrs Harding to Wear Scout Uniform at Pilgrims Day Parade
Mrs Warren G Harding wife of the President will wear a Girl Scout khaki wool uniform with gold braid aiguillette for her first appearance in uniform Monday 11 Plymouth as honorary national president. She will be among reviewing officers at the Ter centenary celebration parade honoring President's Day commemorating the Pilgrims landing.
MENTIONED IN THIS ARTICLE
Washington
Money Market Rates At The Clearing House
The record lists loan rates for customers and brokers. It shows 7 percent for brokers calls, 6 percent for outside brokers' quick loans, 7 percent for collateral loans, 64 to 7 percent for commercial loans, 6 percent for commercial paper, and 6 percent yearly. The notice summarizes current lending rates.
MENTIONED IN THIS ARTICLE
Cocamental
Clearing House
Judge Critiques Sabbath Statute Over Checkers Case
Brockton July 29 Judge H C Thorndike found Dennis F Sharkey Cronin guilty of gaming on the Lord's day after arrest for playing checkers Sunday in Perkins Park He criticizes legislators for drafting Sabbath recreation laws that omit homely games like checkers reflecting on the statute and its enforcement.
MENTIONED IN THIS ARTICLE
Brockton
H. C. Thorndike
Dennis F. “Sharkey” Cronin
Perkins Park
Judge Thorndike Critiques Sabbath Laws as Inconsistent
The judge laments the Sabbath statute's inconsistency calling it an unpopular cause to champion. He cites Christ’s remark that the Sabbath was made for man and notes laws on Sunday observance reflect Puritan origins. He argues the current statutes cannot be reconciled by rhyme or religion.
MENTIONED IN THIS ARTICLE
Thorndike
Iine
Cronin
Christ
Writs Arrest Macready and Strickland Issued in Dublin
Writs of attachment were issued today by the master of the rolls calling for the apprehension of General Sir Nevil MacReady, commander of British troops in Ireland, and Major-General Sir Edward P. Strickland, commander in Munster.
MENTIONED IN THIS ARTICLE
Dublin
Associated Press
Nevil MacReady
Ireland
Edward P. Strickland
Munster
Master of the Rolls
Appeals lodged over Limerick habeas corpus writs in British case
Sergeant Hanna acting for General Macready and General Strickland announced an appeal to the House of Lords against the master of the rolls decision. The writs seek to compel production of John Egan and another prisoner Higgins, with Hanna pledged not to execute death sentences pending appeal. The master of the rolls ordered attachment writs, calling the matter a historic contempt of court. Uncertainty remains on next steps as Dublin remains not under martial law.
MENTIONED IN THIS ARTICLE
Sergeant Hanna
Macready
Strickland
Limerick
Master of the Rolls
House of Lords
John Egan
Hanna
Egan
Higgins
Dublin
London
Tragic Bicycle Rider Killed by Truck in Danvers
Edward Woodbury 55 of Temple Court, Danvers, was fatally injured when the bicycle he rode on Margin Street was struck by an automobile truck. He died late this afternoon. Woodbury was single and resided in Danvers.
MENTIONED IN THIS ARTICLE
Salem
Edward Woodbury
Temple Court
Margin Street
Danvers
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