Market Quiet as Stocks Slip in Dull Trading
New York shares drifted lower amid weak investor interest with total sales of 400,000 shares and notable activity in General Motors 28,900 and Carson Hill 675 in Boston. American Sugar Refining 1920 earnings show operating profit of 1.8 million, plus 4.6 million other income, while inventories and liabilities reflect tighter credit and higher reserves.
MENTIONED IN THIS ARTICLE
New York
Boston
General Motors
Carson Hill
Financial update on a railroad company and wage readjustment
The report shows earnings per share figures for 1919 and 1920 with fourth quarter deficits after charges, current assets at 39.6 million including cash and loans, and inventories of 6.19 million. Liabilities total 14.19 million with reserves, bonds reduced to 2.44 million in public hands, and a planned cancellation of 5 million in preferred stock to trim issues to 24.83 million. Fixed charges and preferred dividends will require 1.86 million in the future. A wage readjustment proposal from the Pennsylvania Railroad urges broad salary reductions to match economic conditions, aiming to reemploy workers and restore prosperity.
MENTIONED IN THIS ARTICLE
The
American Sugar Refining Company
Pennsylvania Railroad Company
Pennsylvania System
Financial General
January Railroad Earnings and Industry Updates
The report covers January results for multiple railroads: Chicago and Northwestern shows gross $11,789,596 with a net operating deficit of $1,279,561 versus prior month figures. Louisville and Nashville gross $10,142,182 with a deficit of $587,421 and prior net income $1,108,003. Great Northern gross $6,279,240 with a deficit of $1,555,177 and prior net income $1,521,308. It also notes Submarine Boat Corp for year ending Dec 31 1920 earning $1,865,995 after charges but before taxes. Additional items include bond authorizations for Pennsylvania Railroad, a new Gray Motors Corp formed by Frank Klingensmith, Barnsdall Corp 1920 earnings $2,542,386, Lee Rubber & Tire Co 1920 net profit $326,638, New York Air Brake 1920 net $751,860, and wage reductions at New York, Ontario & Western. Penn Mutual seeks intervention in Reading assets plan. Zinc production 1920 estimated at 485,179 tons with value $78,599,000 and average price 8.1 cents/pound, up from 7.8 cents in 1919.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania Railroad
Chicago
American Sugar Refining Company
Germany
Liberty
Chicago & Northwestern
Louisville & Nashville
Great Northern
Submarine Boat Corporation
Gray Motors Corporation
Motor Company
Frank L. Klingensmith
Ford Motor Co
Barnsdall Corporation
Lee Rubber & Tire Co
New York Air Brake Company
New York, Ontario & Western Railroad
Penn Mutual Life Insurance Company
Reading General
Philadelphia
Reading
Geological Survey
Crystal Copper Company Annual Meeting Set for April First
The Annual Meeting of the Crystal Copper Company stockholders will be held April 1, 1921 at 10:00 A.M. at the Office of Andrews and Nelson in Augusta Maine. E H Walker secretary 79 Milk Street Boston February 24 1921.
MENTIONED IN THIS ARTICLE
Crystal Copper Company
Andrews and Nelson
Augusta
Maine
E. H. Walker
Milk Street
Boston
Maas
Market Drags Rail Shares Amid Wage Cut Fears
The Financial Editor notes a reactionary day with rail peers slipping as earnings disappoint and wage cut fears loom. Eastern roads show February gains over January, while industry and copper stocks hover. Optimists see wage reductions as a long term bull factor, despite a dull trading day and traffic limits. The piece cites Harding’s pledge to seek careful readjustment and normalcy, with American Sugar rising on a favorable 1920 report though Punta Sugar sees no trades. A New Era report from Harriman Bank discusses liquefied credits and cost-of-living shifts ahead of a new administration, signaling cautious optimism for Washington’s impact on business.
MENTIONED IN THIS ARTICLE
New Haven
St. Paul
Reading
Baltimore & Ohio
Great Northern
Harriman National Bank of
New York City
Washington
The Avenger Serial by Mary Roberts Rinehart
The Avenger by Mary Roberts Rinehart will appear next week in the Boston Sunday Post Magazine, previewing a suspenseful serial. The feature promises compelling plotting and period atmosphere as the story unfolds in coming pages.
MENTIONED IN THIS ARTICLE
the Avenger
Mary Roberts Rinehart
Boston Sunday Post
Boston area banks listed with April and March notes
The notice lists multiple banks in the Boston area with month markers April or March. Banks named include Haymarket National Bank Boston Mayr Boylston National Bank Boston Mattapan National Bank National City Bank of Chelsea Union Market Nat. Bank Water'n First National Bank of Malden with dates March and April.
MENTIONED IN THIS ARTICLE
Haymarket National Bank
Boston
Boylston National Bank
Mattapan National Bank
National City Bank of Chelsea
Union Market Nat. Bank
Water'n
First National Bank of
Will Urge Registration of Women Democrats
The Democratic city committee plans to register women voters in East Boston starting tonight with a meeting at the Quincy Club in Day Square. Principal speakers will be President John S. Fitzgerald and former Representative George Murphy to urge women to add their names to the voter list for the upcoming city election. Terrence Trainor of the Quincy Club will preside.
MENTIONED IN THIS ARTICLE
Democratic City Committee
East Boston
Quincy Club
Day Square
John S. Fitzgerald
George Murphy
Terrence Trainor
Also Mentioned on This Page
Empire District Electric Co
Kansas City
Power & Light Co
Arthur Perry & CO
Mass
Bedford Street
International Agricultural
Reynolds Tobacco
United Fruit
Gray & Davis
Boston & Maine
Waldorf
Parish & Bingham
Root & Vandervoort
Ventura Oil
Calumet & Arizona
Boston Elevated
Swift & Co
American Telephone
United Shoe
American Sugar
International Agricultural Corporation
R. J. Reynolds Tobacco Co
R. J. Reynolds Tobacco Company
Corn Products Refining
Corn Products Refining Company
Australia
New Zealand
Bank OF New South Wales
John Russell French
Fiji
Papua
New Guinea
London
Threadneedle Street
George Street
Sydney
Pennsylvania
Chicago Grain Market
Ween
Eeewas
East Sale
Ee Iy M
Allied Chem
F Ag
Car
Inter Corp
LaFrance RL
Gue & Com
Sumatra
T& SF
Atch
T & S F Pf
Gf & WI
Baldwin Loco
Balt & Ohio
Balt & Ohio Pf
Barnsdall
Beth Motor
Beth Steel
Bethlehem
Booth Fisheries
Beth
Butte & Super
Callahan Z & A
Cerro de
Ch & N’west Pf
Chi Rt&p
Chi R1 & P
Chi St P & M
Con Gas NY
del & Meine
Denver & Rio G
den & Rio G
Erie
General Cigar
General Electric
Gen Motors
Goodrich Ai
Goodrich
Great North
Gulf M & N Ntan
Gulf States
Iowa Central Ace
Island Oil & T
Jewel
Jones Bros
Elly Tire
Kelsey Wheel
Kennecott
Nee Ween
Soho
Liggett & Min
Liggett
Ee Loews Inc
Ft Inc
Loose-Wiles
Loville & Nas
Mackay Cos
Mallinson Pi
Max Mo
May Dept
Miami
Midvale Steel
Missouri K
Missouri Pacific
Missouri Pac W
Mullins Bo
Nat Cloak Thee
Nat Conduit
Nat En & Steel
Nat En & St Pf
O Tex & Mex
Y Air Brake
Cen
Nynh&h
Norfolk West
No American
North Pacifi
Okla Pro & Ova Sco Steel
Orpheum Cir
Otis Elevator
Otis Steel
Pacific Oil
Pan-Am
Pan-Am P & TB
Parish & Bing
Penneylvania Ee
Pierce-Arrow
Pitts & W Va
Mtn Irron & Steel
Otor
Raya al Duteh
Ed Steeears
St Louis
Sheffield
Pacific Sane
Stewart Warner
Steel & Tube Pf
Stromberg Co
Hal
Texas Co
Tex Pac C & I
Texas & Pacific
U S Express
U • Steel Pf. Weers
Utah Co
Utah Se Corp
1Lig
Vanadium Corp
Valek Chem
West Maraba
West Pacific
West UN Tel
Westing
LE CLI
White Motor
Wisconsin
Willys O'land
Alaska
Ier
Ees Eeeee
Amoskeag
Arizona
Boston Mex Pet
Cal & Arizona
Va Carson
Cal & Hecla
Till
Theotos
Century Steel
Isle Royale
Central
Eens
Mason Valley
Ergenthaler
Setae
Swift & Sa
Swift Int
Trinity
Waltham W
West End
Union
Wickwire S
Winona, MB
Wolverine
Financial Editor's Notes
S Harding
Punta Sugar
N. Y
Tretetoeee
Eeees
G. F. Redmond & CO
Congress LT
Fort Hill
Middle States
Withington & CO
State Street
Private Branch
Alate
Arthur M. Harvey
Yvuvie
Nhill Tel
Haymarket
U. S
Massachusetts
C. D. Parker &C., Inc
Mile ST
Royal Dutch
C.P. Dow & CO
Spencer Trask & Co
Congress Street
Albany
N. Y. Stock Exchange
Curb Indistears
Cahernes
Cities Service
Tee Baees
Ities Service Ser
Cities Service Ser
Cities Berries
Heyden
Radio Corpn Pfd
United Profit
Allen Oil
Allied Oil Taeeaee Peer
Anglo-Amer
Atlantic Pete
Wee Ehe
Boone Oil Tee
Bos Wye Oil
Carib Lynd
Cushing Pete
Elk Basin Pete
Federal
Glenrock
Pete See Ence
Hudson Oil
Marland Oi
Merritt Oil
Mexico Oil
Golden
Gate Agma Copper
Shee Eeneenans
McNamara Beek Ee Ees Etes
MeInt
McKinley Darragh
New SB
Wesereres Peste
Ohio Copper
Cape
Albany Divide
Ariz Brienne
Ariz Silver
Black Hawk
Bay State Gaseeeetes
Bos & Montana
Casea
Crystal New
Denbigh
Eureka Croesus
First National
Goldfield Florence i
Harmill Divide
Hecla Divide
Imperial
Mutual Trust
Ophir
Palisade Sae
Ranier
Randolph
Systematic
Chile
Copper Am
Safety Razor
China
Utah Metals
Amer
Woolen
Leather
Punta Alegre
Steel
Island Oil
Am. Nag & Tel
Davis “Daly Gen's Asphalt
Middle St
Pierce-Arrow Studebaker
So. Pacific Simms Pete
Sinclair Oil
Boston & Montana
Bank and Commercial
siey-Awercidhcal Para
Washington St
Savings Banks
Andover Savings Bank
Andover
Blackstone Savings Bank
Dorchester Savings Bank
Farmers & Mechanics Savings Bank
Framinghamee
Hibernia Savings Bank
Melrose Savings Bank
North End Savings Bank
Five Cents Savings Bank
Columbus Savings Bank
Franklin Savings Bank
Somerville Institution For Savings
Tome Savings Bank
Ton
Medford Savings Bank
Suffolk Savings Bank
Union Institution For Savings
Waltham Savings Bank
Waltham
Mar
Warren Institution
Trust Companies
Charlestown Trust Co
Charles'o N
Commonwealth Trust Co
Dorchester Trust Co
A . Federal Trust Co
Hab Trust Co
Jamaica Plain Trust Co
Market Trust Co
Brighton
South Boston Trust Co
United States Trust Co
Melrose Trust Co
Melrose Cease Somerville Trust Co
Somerville
National Banks
Sierra Oil Mines
Miami Pt Pd
U S Steamship
Verde
Verde Mines Tees
Money Market
F. R
Weden
Denmark
Norway
Argentina
Esewennys
Eer
Tee Eeree Dee
Teteeer
Sreenewete
Broker’s Commission
Curb Market
Devonshire Street
CONTZ
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