Market declines as discount rate rise dampens sentiment
Yesterday the market opened weak after the 7 percent discount rate rise but showed a slight recovery early on. Trading remained subdued with total volume just over half a million shares, while New York and Boston totals for the year show large and differing sums.
MENTIONED IN THIS ARTICLE
New York
Esterday
American Bosch
United Drug
American Woolen
American Telephone
Boston &Maine
New Haven
Boston Elevated
Eastern Steamship
Mayflower
Calumet & Hecla
American Piano Preferred
Germany
U. S. Liberty
Boston
Chicago
America
Rock Island Shows Strong 1919 to May Earnings Surge
Rock Island railroad shares rise near yearly high as gross earnings stay robust through May. Net revenue for Q1 eliminates prior deficit, with May data lifting year-to-date gross 23.3 percent over 1918. Warren Bros. earns 25.65 a share. bitulithic pavement and ore developments noted.
MENTIONED IN THIS ARTICLE
General Motors
Rock Island
Warren Bros
New York
Anaconda
Butte
American Telephone
Broadway
Dey Street
Prudential Insurance Company of America
Broadway Corporation
Burlington
Minneapolis, St. Paul & Sault Ste. Marie
Saxon Motors
New York Stock Exchange
Vacuum Oil Company
Fidelity Trust Company
Edwin T. McKnight
Senate
Rockwood & Company
New York Stocks Snapshot May 29 1984 Watch List
The page lists stock symbols and prices with Adv Rumely Ajax Rubber Alaska Am Ag Chem Am S&i Ebay Cotton Oil and others. Market activity shows modest gains and losses amid mixed early trading.
MENTIONED IN THIS ARTICLE
Rumely
Ajax
Alaska
S&i
Financial Editor's Notes on Reserve Rate Move and Markets
The piece analyzes the impact of a 7 percent federal reserve rediscount rate on markets with a weak opening and partial recovery. It notes expected follow-on rate hikes, deflation concerns, and effects on Liberty bonds and call money. It discusses rail earnings under wartime regulation, specific railroad performances, and anecdotes about banking judgment and market fortunes.
MENTIONED IN THIS ARTICLE
Chicago
New York
Also Mentioned on This Page
Beech-Nut’ Packing Company
Wall St
Richardson, Hill & CO
Congress St
Bangor
Portland
Stock Exchanges
Bigheart
Stickney, Rawlinson & Colclough Incorporated Investment Bankers
Fort Hill
Devonshire Street
Hornblower & Weeks
New York Providence
Detroit
House
Pan-American Petroleum
Warren Bros. Company
General Financial News
Inter Cc
Tel & T
Chandler Motor
CC & St L Pf. Ch
Gt West
Chi Mil & St P
Chi & St P Pf
Chir T& P
Chiri
Con Gas
del Lack & W
Denver
Gulf Mob & N
Gulf M & N Pf
Ag Corpeens
Corp Pf
Kelly Tire
Ww Cos
Maxwell
Centraleen
Ohio Cities
Okla Pro & Reis Levator
Owens de Ail
Pere Marquette
Philadel
Philips Swaee
Sebebese
Pitts& W
Replog le Steel
Tcheeeeee
Ereseee
Stl& Sr
Bt L&sf
St. Louis
Saxon Motor Sewer
Shell Trans & T
Sinclair Oil
Eee Eee
Sloas Sheffield
South Railway
Stan Pa
Une
Studebaker Ae
Superior Steel
Texas Cat
Texas & Pacif
Union Pacific
Willys O'land
Eanreese
Ai Veseeteaner
F. Redmond & CO
Btrth Street
United
Sates
Hollister,White,&.Co
New York Philadelphia
Springfield
Mass
Providence, R.J. _Pittsfield
Portland, Me
Schmipt&deery
Broad St
Tel, Broad 1776
Uptown
Fifth Ave
Tel
Murray
the Post
Financial Editor
Asee
Chesapeake & Ohio
Pete Marquette
Nis
James Beene
First National Bank
Air Reduction Company, Incorporated
New York City
Sk Ts
Lee, Higginson & Co
State Street
Ave
Studebaker Pacific Simms
Pete Sin
Cruciprn Am
Safety
Raz
North Butte Ameoskeng
Mill
American Con Cent
N. Y
Albert Sutcliffe & Co
Washington St
Temple H. Fay & Co
Stock Exchange
State ST
Money Market
Quick Call
Geckiine
Foe
E. M. Fuller & Co
Consolidated Stock Exchange of
N.Y
Kilby Street
Fort
Free Apes
Boston & Ma
St. Paul Waltham Wa
Texas Pacific Ou
Kennecott Willy's
le Gallaghe
Bosto
United States
First Preferred
Fane
C W. ER
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