Market Advances On Heavy Volume Across New York and Boston
Total New York 1 438 500 shares and Boston 37 324 shares traded with steel leading activity at 66 100 shares in New York and 3 520 in Boston. Copper stocks led gains with Calumet & Hecla up 15 points. Atlas Tack syndicate dissolved awaiting exchange listing. Chandler Motors hits new high and Swift & Co bank on stock dividend potential amid tax rulings. Profits from Hog Island exceed 3 million with 1 million received last year.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Bigheart
Sailes
Saies
General Motors
Chandler
Worthington Pump
American Tobacco
Calumet & Hecla
United States
Osceola
Greene-Cananea
Ahmeek
Granby
Mohawk
Mayflower
Atlas Tack
Stock Exchange
Chandler Motors
Supreme Court
American International Corporation
United States Rubber
Hog Island
Massachusetts Consolidated
Capenditures
East Sutte
Associated Dry Goods
Tron Cap Copper Company
Adams Express
Rumik
Rumely Vt
Ajax
Alaska
Aska Juneau
Allis Chalmers
Allis Heepf
Bess& Fdry
Ieee
la France
Ship &C
Ann Arbor Pe
Assoc Oil Co
Ee Eeae
Coast Line
Atl
Gulf of
Car & Fdry
Inter Corp
Osenaggitg
Sumatra
Burns Bros
Butterick Cooneee
Butte Copper
Batopolis
Beth
Cal
Arizona
West
Chic & East NI
CM & St P
CRI & Pac
Gia
Cerro de Pasco
Ches & Ohio
Col G & Elee
Duluth S Shore
Duluth
Denver A
den& RG P
Erie Eee
Eric Ist
Endi-John
Fed M & Smelt
Gaston W & W
Greene
Goodrich
Gray & Davis
Gulf
Gulf M&n Fee
Son Lg
Agri Chem
Agri Co
Har Corp
H Corp Pf
Ili
Kaw
Kelly Spring
Kennecott
Loew's Orpheum
Lake Erie & W
Lake Erie & W Pf
Seg
Lee Rub & Tire
Tse
Lehigh Valley
Viewett & Meyers
Lig & Mers Pi
Louis & Nas
Minn & St Louis
Uy Poo
Manhattan Shirt
Montana Power
Mullins
Texas
Mo Pacific
Seere
Marine Pfeee Nnee
Petro
Eeeener
Eenes
Nevada
Chic & St L
Nych & Stl
Nova Scotia
Pitts
Pond Creek
Prs
Pullman Co
Pan Am
Penneses
Pierc Asow
Remington
Republic
St Joseph
L&sf
St Lsw
LSW
Savage Arms
Seaboard Air
Sears Roebuck
Sears Roe Pf
Shell Trans
Sincair
So Pac
Studebaker
Texas Co
Texas & Pac
Trans Oil
Union Oil
Uip
United Fruitenece
U S
Utah
Va Iron C & C
Wabash Pf Ae
Wells Fargo
West Pac
West Pac Pf
Western Md
Westing A Bk. Alo
Wheel & L Erie
White Motor
Wilson Co
Woolworth Co
Willys-Over
Westinghouse
Wolbie
Best & Alb
Ags
Bost Elevy
Bost Elev Pf
Bos& Me Pfa
Bos & Me Pf
Bos Mex
Bos Proy
Bos & Nt Sadamance Aes
Cal & Ariz
Cal & Hecla. . Ee
Carson Hill
Century Steel
Daly-West
Davis-Daly
East
Land
East Butte
Eastern
Edison Electric
Elder
Fairbanks
Ike
Helvetia
Hole
Indiana Oh
Col Mills
Kerr Lake i
Lake Ee
Loew's Theatre
Maine Central
New Haven
New Idria
New River
North Butte
Orth Lake
Orpheum
Ohio Body
Old Dominion Ee
Parish Ring
Reece
Root & van der
Rutland P
Swift & Co
Swift Internac
We Ps
Torrington Pee Eee
Trinity Shee Eee
Texas Pac
United Fruit
United Shoe Tee
U S Smelting
U S Steel He
U S Steelpf
Utah Conseevee
Utah Metals
Ventura Peur Resees
Victoria
The Extent of the Advance
The market held a strong advance with profit taking and shift to specialties, leaving leaders to lag. Despite easy money and anticipated gold imports, the core reserve bank position likely remains unchanged, suggesting only gradual deflation. Gold inflows may offset prior exports but may not fund a new inflation wave.
MENTIONED IN THIS ARTICLE
South America
Orient
Europe
Hood Rubber Sales Jump in 1919 Amid Higher Costs
Hood Rubber Company reports 1919 sales of 22.97 million dollars, up from 1918’s 22.34 million, with tire sales rising to 6.59 million from 4.83 million. Inventory and investments increased while accounts payable rose. earnings were pressured by lower rubber footwear prices and higher costs, but price hikes and factory efficiency in 1920 are expected to improve margins.
MENTIONED IN THIS ARTICLE
Hood Rubber Company
Frederic C. Hood
Financial Editor's Notes on Stock Dividends and Markets
The column discusses a 25 percent stock dividend by Hawaiian Pineapple and broader implications of stock dividends on cash value. It notes government bond redemptions, copper stock activity, exchange-rate effects, and market psychology including broker behavior and trader wisdom.
MENTIONED IN THIS ARTICLE
Hawaiian Pineapple ,Company
Flat tax proposed on undivided profits to boost revenue
Washington March 11 Thomas S Adams of the Bureau of Internal Revenue urged the House Ways and Means Committee to adopt a flat tax on undivided profits. He argued the move would counteract revenue losses from taxing stock dividends, which the Supreme Court previously ruled unconstitutional.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
House Ways and Means
Thomass. Adams
Bureau of Internal Revenue
Manitoba Province 10 Year Bonds Offered at 92.89
Canadian underwriters Harris Forbes The National City Company and Brown Brothers present a new issue of Province of Manitoba 10 year bonds at 92.89 with 7 percent yield. Manitoba borders Ontario, is large as New York and Montana North Dakota and Minnesota combined, Winnipeg is its main city, and bonds are a direct obligation of the province payable in gold in New York.
MENTIONED IN THIS ARTICLE
Harris, Forbes & Co
National City Co
Brown Brothers
Province of Manitoba
Manitoba
Ontario
New York
Montana
North Dakota
Minnesota
Winnipeg
United States
New York City
Germany
A. W. Lincoln & Company
Foreign Exchange
Post Office Square
Boston
Also Mentioned on This Page
Province of
Dominion of Canada
Harris, Forbes & CO Incorporated
Federal Street
State Street
Copper Market
Connecticut Valley
Swift
Dend
H.H. Franklin Manufacturing Co
Franklin Automobile Company
Syracuse, N. Y
F. A. Barton
H. H. Franklin Manufacturing Co
Wickwire
Spencer Steel Corp
Boston Stock Exchange
Broadway
Naphen & Co
Membersoston Stock Exchanges
Devonshire St. Boston
Financial Editor
Standard Oil
Henry Clews
Eease
Psess
Orsseee
Steneease Eee
Nese
N. Y
Heer Eeee
Frances
Berlin
Exec Stickney, Rawlinson & C
ATEO
Investmen
Fort Hill
R Banke
Devonshire Street
Geological Survey
Roy J. Foster & Co
State St. Boston
Sue
Boston Stocks
Adventure
Alaska Gold
Algomah
Alloues
Anglo-Am Corp
Bingham
Industrials BA
General Asphalt
Heyden Chem
Nor Amer P & P
Perfection Tire
United Profit Shar i
Bos Wyo Oil Ee
Elk Basin Pete
Glenrock
Houston
Pete
Island O & T
Merritt Oil
Met Pete
Midwest Refining
Northwest Sere News
Okmulgee P & R
Sapulpa Ref
Esas Teeseas
Howe Sound
Jerome Verde
Kerr Lake
Jim Butler
Psee
Nipissing
Sss
Ess
Ohio Copper Sere Sasensens
Ray Hercules Eae Eenee
Rex Consolidated
Tonopah Divide
Tonopah Mining
Steew Ee Sress
United Eastern
West End
Stone & Webster
Milk Street
Chicago
Chicago Grain Market