Miller Rubber Company posts sharp January sales rise
The Miller Rubber Company reports January sales of 3,063,883 dollars, up from 1,447,874 dollars in January of the previous year, an increase of 1,606,009 dollars.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 05, 1920
Page
24
The Miller Rubber Company reports January sales of 3,063,883 dollars, up from 1,447,874 dollars in January of the previous year, an increase of 1,606,009 dollars.
Market action suggests a possible spring rally with traders noting a supportive tone from securities and commodities. Analysts cite strong expectations after March 15, while professional buyers cover shorts as motor and copper sectors rise and pools lift various specialties.
Du Pont shows heavy stakes in General Motors and Chevrolet through a subsidiary. The annual 1919 report records stark earnings declines from 1918 with per share values and undisclosed inferred profits, plus government claim offsets and other corporate notes across rail, sugar, and manufacturing sectors.
Daily market activity shows New York and Boston totals with steel and Island Oil leading in turnover. The rise followed favorable news on railroads and Stel case, with bears covering and volume rising to about 750,600 shares. Industry groups including autos oils and steels led gains as prices hit new highs.
SHERMAN ADAMS of the Boston Stock Exchange offers Liberty Bonds for March 5 with net cash prices including accrued interest. Listed are 50 and 1000 dollar bond lots of 4 percent and other denominations, with shipment by registered mail or bank draft. Prices shown include 44.85 to 48.50 per bond, reflecting current market values.
Financial writers discuss Supreme Court views on stock dividends and tax treatment, noting Chandler Motor Co’s par value write off may lift surplus without a real distribution. They argue par value theory misreads dividend economics and consider implications for no par value issuances.
Outside brokers loans and customers loans range from 6 to 8 percent. Individual collateral loans are 6 percent while commercial loans and commercial paper hold at 6 percent. Year money is also quoted at 6 percent.
Montreal March 4 officials of Dominion Steel Corp Ltd declined to comment on reports of a merger with Nova Scotia Steel & Coal Co Ltd. The talks allegedly involve a 25 million dollar plan to upgrade the Sydney Nova Scotia plant and fund a British expert survey of Canadian steel prospects.
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