Market Resumes Forward Movement Amid Broad Gains
After a hesitating start the market advanced again with near 1.5 million shares trading. Reading led rail stocks, Am Suding rose 38, Anaconda topped 60, Utah Copper gained on dividend cuts, and the industrial average rose above 100. Local oil stocks stayed strong as American Sugar and American Tobacco reports showed earnings and balance sheet shifts.
MENTIONED IN THIS ARTICLE
Reading
Anaconda
Utah Copper
Porphyry
New York Market Sees Broad Rally on Earnings and Bonds
Vigorous stock rally follows favorable earnings from leading industrials and higher dividends. Demand bills on London rise to 3.76, call money at 7 percent, and United States Steel reports higher February unfilled orders aiding steel gains. Total sales reach 1,600,000 shares as oils and coppers advance amid mixed internationals and steady Liberty Bonds.
MENTIONED IN THIS ARTICLE
New York
London
Supreme Court
United States Steel Corporation
General Motors
Crucible Steel
Liberty
U. S
Stock Market Review and Corporate Earnings Report
The text notes rising demand for public utility services and improving operating conditions offsetting higher costs. It cites Tire net profits of 471805 dollars and 4.71 per share, sales of 5583993 dollars, and compares with prior year figures. It mentions United Drug raising the dividend to 8 percent annual, Fairbanks earnings per share at 10 dollars, Kelsey Wheel at 14.26, Bethlehem Steel orders and steel shortages, Sloss-Sheffield at 16.25, plus B F Goodrich stockholders meeting adjourned to March 15 due to president's delayed return.
MENTIONED IN THIS ARTICLE
Tire
United Drug
Fairbanks
Kelsey Wheel
Bethlehem Steel
Rumely Pf
Ajax
Bosch
Car & F
Amer Express Sraee
Hide & L
Eewee
Am Inter Corp
Ship & Com
Ann Arbor
Realiz'n
Asso
Associated Oil
Bir & Atlanes
Bly
Atlantic Coast
Augf&wl
Ateh
T&s F
Baldwin
Beth Steel
Beth Stl Pf
Beth Motor Steer
Booth
Brook Rap
Brook Rotf. Ll
Brunswick Imp
Burns Bros
Butterick
Co &Z
Chic & Alton
Chi & Ill
Col & So Ist
Columbia Oe
Columbia
Eudson
del Lack & W
Er & Rio
den & Rio G
Erie
Erie 2d
Fed M & Sm
Gaston W & W
Goodrich
Granby Min Weenee
Ray & Davis Saaee
Greene Cannon
Gulf Mobile & N
Gulf Mobile Pf
Gulf States T'S Rage
Tmann Cor
Tmann
Haskell Park
Hupp Motor Car
Illinois Central
Inspiration
Interboro Con
Interboro
Corp Teenee
Harvester
Jones Bros
Kan City
Kelly Tire Sente Wee
Kelly T Pf
Elsey Ee
Lake E Fe &W
Lehigh Valley
Liggett & Mys
Ligg & M Rts Steee
Loews Inc
Loville & Nash
Mackay
Maxwell Motor
Idvale Steel
Inn & St Ln
St P & Ssm
Sp&ssm LL
Missouri K
Mo Kan & T Pf
Missouri Pac Teeee
Nevada
Y Chi & St L
New York
N Y Dock of Peers
Okla Pro & Re
Ontario
Otis Elevator
Otis Steel
Owens Bottle
Pacific Gas Ter
Pan-Am P & T
Pennsylvania
Pere Marquette
Philadelphia Co
Pierce Arrow
Pierce Oil
Pitt CC
Remington Typ
R Iron & Steel
Roy Dutch N Y
Jos Leadeenee
St L& SF Ee Oo
Bt L& Skf Pf
O'R
St Louis S W
St Louis
Saxon Motor
Ss Eee
Seaboard Air L
Seaboard A L Pf
Sears Roebuck
Shattuck Air
Shell Tran & T
Sinclair Oil
Sloss
Sheffield
Sloss Sheff Pf
South Pacific
South Railway
South Ry
Stromb Cartee Eee
Studebaker
Stutz Motor
Superior Stlaeneee
Texas Co
Tex
UN B & Paper
Union Oil
Eeee
Union Pac Tee
Union Pac Pf
United Fruit
U S Steel
Eee
Ems
Utah
Utah Se
Valron C&c
Wells Fargo
West Pacific
West el& Mfg
W el & Mfg P
W &le Pf
White Motor
Willys O'land
Willys O'land Pf
Wilson Co
Wisconsinen
Woolworth Teeesee
Money Market Rates Include Various Loan and Call Options
Outside brokers' min calls per cent. customers' brokers' 8 per cent. Individual customers' collateral loans 6 per cent. Customers' commercial loans 6 per cent. Commercial paper 6 per cent. Year money 6 per cent.
Financial Editor's Notes on Bull Market Breathes Hope
The column notes a bullish shift as favorable bills and France and England sending gold, not I O U s, boost sentiment. It discusses steel and coal strikes, Federal Reserve deflation concerns, and a long term price index rise from 1890 to 1914 to 127.3, arguing wages and profits must outpace dollar depreciation. It highlights railroad stocks, high grade rails, and outside investments in Union Pacific Reading Southern Pacific Atchison Northern Pacific Great Northern.
MENTIONED IN THIS ARTICLE
Federal Reserve Authorities
Reserve
Union Pacific
Reading
Southern Pacific
Atchison
Northern Pacific
Great Northern
Jellicoe outlines Canada’s naval needs in Parliament
Admiral Viscount Jellicoe reports to Parliament that Canada should have three light cruisers a flotilla leader 12 torpedo craft eight submarines and one parent ship for port protection He proposes a naval board and a minister for the navy answerable to Parliament He also notes possible building plans from 25 million to 5 million dollars and stresses the need for naval aircraft for a complete fighting force.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
Viscount Jellicoe
Dominion
House of Commons
Naval Board
Militia Council
Mayor Peters Returns to Boston After Snowbound Ordeal
Mayor Andrew J. Peters and Mrs Peters return from Woodstock Vermont where they were snowbound for several days. They traveled by sleigh to White River Junction then boarded a train to Concord and will be at his desk this morning.
MENTIONED IN THIS ARTICLE
Andrew J. Peters
Woodstock
City Officials Allege Shirley School Boys Used For Tobacco Work
City Council President James T. Moriarty claimed state officials took a group of Shirley School boys last summer and sent them to harvest the tobacco crop in the Connecticut Valley for which the state received $2 per week per boy. He spoke at the second budget hearing of the appropriations committee in the council chamber.
MENTIONED IN THIS ARTICLE
City Council
James T. Moriarty
Shirley
Connecticut Valley
Council Committee On Appropriations
Council
Donoghue
City
Leary
Moriarty
Watson
Dover Street
Brickley
John F. O’brien
Consumptives’ Hospital Board of Trustees
Shirley School
Suffolk School For Boys
O’brien
City hearing erupts over Charles Street widening bill and salaries
At a budget hearing the council president and acting mayor blasted the Charles street widening as payback for political debts. Brickley pressed for a quorum and Hagan’s resignation while Moriarty faulted the mayor for delays and salary woes. Local engineers pressed for extra pay for hospital plumbing work as employees spoke.
MENTIONED IN THIS ARTICLE
Charles Street
David J. Brickley
Henry Hagan
Donoghue
Moriarty
Daniel V. Murphy
City Engineers
Brickley
Murphy
Engineers’ Union
Vermont towns vote wet as license supporters gain ground
In Montpelier Vermont on March 10 advocates of license expanded the wet column by adding about 100 towns. Reports from 232 of 247 towns show 125 yes 101 no two tied four abstentions. This year yes votes total 15 588 while no votes reach 10 y16.
MENTIONED IN THIS ARTICLE
Montpelier
Secretary of State
Navy fell down in first six months of war
Rear Admiral Sims told the Senate naval investigating committee that evidence shows the Navy Department failed to act on urgent requests for vessels during America's early war days. He cited messages and documents as proof that plans and policy were not communicated to him.
MENTIONED IN THIS ARTICLE
Washington
Sims
Senate Naval Investigating Committee
Navy Department
America
Department
Admiral Sims Defends Early War Patrols and Convoy Delay
Six months after the United States entered the war Admiral Sims argues the Navy Department delayed adopting his policy advice. He says lack of allied cooperation prolonged the conflict to November 1918, costing 500000 lives and 15 billion dollars and wasting 2500000 tons of shipping. He cites unanswered recommendations and notes he learned plans from British sources. He predicts further evidence tomorrow.
MENTIONED IN THIS ARTICLE
United States
Department
Navy Department
France
Western Front
Sims
Daniels
Today’s Civic Events In Cambridge Brookline And Roxbury
A schedule of afternoon and evening events includes Minute Men Chamber trip to United Drug in Roxbury at 1 PM. Tony Sarge's New York Marionettes perform in Cambridge at 2 PM and again in an evening form. Gardner Hall hosts a five Episcopal parishes service with Dean Rousmaniere at 7:39 PM. Herbert A. Whiting speaks on The Credit Adjustment Bureau at 7:45 PM. Henry Lane Wilson discusses The Situation in Mexico at 8 PM. Field and Forest Club hosts an open meeting with a bird lecture at the Public Library. Edward F Mee Sweeney talks on The American Aspects of the Irish Question at Palladio Hall Roxbury M and Pleasant Council K of C.
MENTIONED IN THIS ARTICLE
Minute Men Chamber of Commerce
United Drug Company
Roxbury
Tony Sarge
New York
Cambridge Drive
Smith Endowment Fund
Brattle Hall
Cambridge
Gardner Hall
Brookline
Dean Rousmaniere
Herbert A. Whiting
Credit Adjustment Bureau
Boston
National Institute of Credit
Summer Street
Henry Lane Wilson
Mexico
Boston City Club
Field and Forest Club
Charles B. Floyd
Public Library
Edward F. Mee- Sweeney
M& Pleasant Council
K. of C
Palladio Hall
Dividend Notices for OQRPHEUM CIRCUIT Inc
The Board declares an initial dividend of fifty cents per share on common stock and a 2 percent quarterly dividend on preferred stock. Dividends payable April 1 1920 to stockholders of record March 15 1920. Transfer books close March 14 1920 and reopen April 2 1920. Benjamin B Kahane Asst Sec New York March 1 1920.
MENTIONED IN THIS ARTICLE
Benjamin B, Kahane
Asst
New York
United States Worsted Company Declares Quarterly Dividend
The Board of Directors announces a regular quarterly dividend of 1.78 per share on First Preferred Stock. Payment will be made April 15 to stockholders of record April 7. CHANNING W. SOUTHER, Treasurer.
MENTIONED IN THIS ARTICLE
United States
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Oqrpheum Circuit, Inc