Brisk Rally After Early Weakness In Stock Market
After a holiday lull the market opened firm but slipped as call money rose to 9 percent. A Washington report that the Steel dissolution rehearing was denied sparked a rebound, lifting Steel common and other leaders like Bethlehem and Baldwin. Traders anticipate a turn this week with renewed buying and some stocks showing resilience despite broader declines.
MENTIONED IN THIS ARTICLE
Bears
Washington
Supreme Court
Baldwin
Bethlehem
Mexican Petroleum
Steel
Steel Common
Pan American
Elevated stock yields amid uncertain absorption by investors
Boston Elevated stock remains under pressure as absorption lags despite a 5 percent dividend and predicted increases to 5 1 2 and 6 percent. State control and dividend guarantees underpin earnings, with Fitz gerald Hubbard & Co. as largest holders. A rally followed the Supreme Court denial of a rehearing in the Steel suit, while market talk focuses on short covering and renewed demand for construction and housing.
MENTIONED IN THIS ARTICLE
Temple H. Fay & CO
Stock Exchange
Fort Hill
State St
Boston
American Writing Paper Company
American Writing Paper Co
Court Street
Reston
Mass
OLD Colony Trust Company
J. R. Wakefield
Fitzgerald, Hubbard & Co
Supreme Court
Baldwin
Shorts
Where to Deposit Your Savings in Massachusetts Banks
Lists savings deposit dates for Massachusetts banks and trust companies. Entries name institutions such as Andover Savings Bank, Blackstone Savings Bank, Brighton Five Cents Savings Bank, Brookline Savings Bank, Melrose Savings Bank, and others with the indicated interest start dates. Also lists trust companies including Charlestown Trust Co and Commonwealth Trust Co with their respective dates.
MENTIONED IN THIS ARTICLE
Massachusetts
Andover Savings Bank
Andover
Blackstone Savings Bank
Brighton Five Cents Savings Bank
Brookline Savings Bank
Esse N
Melrose Savings Bank
Melrose
Columbus Savings Bank
Boston
Franklin Savings Bank
Home Savings Bank
Medford Savings Bank
Suffolk Savings Bank
Wens
Waltham Savings Bank
Waltham
Warren Institution For Savings
Fosten Five Cents Savings Bank
Charlestown Trust Co
Charles’n
Janet Commonwealth Trust Co
Dunat Cosmopolitan Trust Co
Federal Trust Co
Fidelity Trust Co
Ranover Trust Co
Daily Wara
South Boston Trust Co
United States Trust Co
Melrose Trust Co
Somerville Trust Co
New York Market Opens Moderately Active With Late Rally
New York stocks opened moderately active and strong at mid session before rallying toward the close as money rates eased. Speculative liquidation persisted in high priced issues while a large share of offerings came from professional sources. May day disturbances failed to appear and rail freight congestion grew between New York and Chicago. United States Steel held steady while independent steels and petroleum issues rose. total volume reached 1,100,000 shares.
MENTIONED IN THIS ARTICLE
New York
Calumet & Heela
Mohawk
Old Dominion
Osceola
North Butte
United States
Endecott-Johnson
Boston Stock Exchange
Board Room
New England
Chicago
Supreme Court
United States Steel
Money Market Rates Amid Broker Call and Loans
The market shows outside brokers call rates and customer broker loans at various levels. Customer commercial loans stand at 7 percent, collateral loans range from 6 4 to 7 percent, commercial paper also at 7 percent, and year money at 7 percent.
Also Mentioned on This Page
Italy
Boston Safe Deposit
Franklin
Arch and
Devonshire Sts
Boston Stocks
Pond Creek
Oil & FE
Amoskeag
Anglo Am
Atlas Tack
Bigheart
Alban
Bingham
Bos Elevard
Roe
Fame
Cem Corp
Isle Royale
Lake Copper
Maine Central
Aide
Mass Electric
Kerr Lake
Keweenaw
Libby
McElwist Pf
Mergenthaler
Mohawk Titesshea
Nat Lea
NE Tel & Te
Cornelia
Ong
New Haven
New Idria
South Utah
T. Mary's ML
Shannon Dane
Simms Mag
Southern Phos
Swift& Co
Swift Internac
Torrington Renner
Trinity Sees Eesenve
United Fruit
United Shoe Sa Neee
Teeseeee
West End
West Union
Mona
Wickwire
Ile Ile
Manhattan
Midway
Mutual Trust
Ohio
Miami
Industrials
Eyden Chemy Nor Amer P & P
Perfection Tire
Philip Morris
Onkee
United Profit Sharing Ee
U S Steamship
Atlantic Pete
Bos
Cosden & Co Sls
Elk Basin Pete
Ore Glenrock
Island
Albly
Merritt Oil
Met Pete Aly
Midwest Refining
Victoria
Canada
Ash Boy
Arizona
Verve
Ner Mines
Cresson
Asa Ee
Eureka Croesus
Eela
Howe Sound
Jerome Verde
Jim Butler
Eae
Kerr Ke Cres Eesiee Ra
Motherlode Cop
New
Nipissing Aererevere
Ray Hercules
Sir
Tara Eee Ene
Wilbert Ese
White Motors
National Leather
Raige Capital
Pittsburg Coal
Pittsburg Coal Company
East Boston Co. Annual Report
East Boston Company
Royal Dutch
Maverick Mills
Greenfield
Greenfield Tap & Die Corporation
Ruse
Ae Company
Crowell & Thurlow
Art Metal Construction Co
American Locomotive
Northern Pacific
California Packing Corporation
Pennsylvania
SLOCK
New England Manufacturing Company
Massachusetts Gas Companies
Replagle Steel
Republic Steel
Studebaker
General Motors
American Woolen
Sinclair Oil Reading
Southern Pacific
Rock Island
American Smelting
Central Leather
Baldwin Locomotive
Waldorf System
Bingham East Butte Libby, McNeil & Libby
Utah Metals
Albany
Allied
Black Hawk
Bagdad
Boston & Mont
Butte & London Ile
Denbigh
Gulf
Rt. &E
Hecla
U. S
Colden & CO
Gallagher & CO
E. Goast Fisheries
E. Coast Fish Products
Common
V. T. Old Colony
W.N. Withington & Co
State Street
Tel
Ennis Petrole U7 M Corporation
Apeseere Reseewe
Stoces I
Wee Ae
Teres
Pegattinis Hee
Eb “Ao
Fide Tor Soc
Low Point
Am. Tel
Beth
Steel “B” Inspiration Penn
R. R
Hill
A. F. Dow & Co., Inc
Inslow
Taylor & CO
Parker Bldg
Devonshire ST
Adams Express
Ajax
Alaska
Alaska Jun
Bosch Mag
Hide & L
Inter Corp
Sm & Re
St. Foundry
Sumatra
Atcht& SF
Atch T& SI
Atlantic Coast
Atlan G & WT
Atlantic
Baldwin Loco
Balt & Ohio Ae
Balt & Ohio
Barrett Co Sreees
Bethlchem
Beth Steel B
Beth Steel Pf
Beth Stl
Beth Motor
Booth Fisheries
Burns Bros
But
Cop & Zool
Butte & Super
California Pet
Callahan Minteas
Calumet & Ariz
Cerro de Pasco
Milk Street
G. A. Eastman & CO. Investment Securities
Financial Editor's Notes
James J. Phelan
National City Bank
Texas Oil
Congress
Department of Justice
Chandler Motor
Ches & Chio En Scwe
Bi & E Ill Ctf
Western
Gt West Pf
Chi Mil & St P
Chi & Nwest
Chi Pneu Tool
Chi RI & Pac
Chi T& P
Too
CSP A MO Pt
CC & St
Coil Fuel & Iron
Columbia
Columbia Graf
Col Graf Rts
Conigar Corp
Consol Textile
Osden
Beere & Co
del & Hudson
Dal Ss& At
Elkhorn
Keir
Freeport-Tex
Baeve
Gaston W & W
Goodrich
Gt North Pf
Greene Cannon
Gulf Mobile & N
Gulf States St
Thanhoma Sa
Interboro Con
Int Ag Corp Pf
Harvester
Int Harvester Ae
Inter Nickel
Inter Paper
Jones Bros
Julius Kayser
Kansas City
Kelly Tire
Westone
Kelsey Sheet
Kennecott Ee
Keystone Tire
Loft Inc
L-Wiles
Lorillard
Se’ville & Nash
Mackay Cosps
Manati Sugar
Martin
Maxwell Motor
Max Motor
Dept Store
Dept Pone
Miami Copper
Middle St
Midvale Steel
Minn & St L (N
Missouri K & T
Missouri Pacific
Missouri Pac Pf
Mont Ward
Montana Power
Mont Power
National Acme
Nat Biscuit
Enam & St
Snes
Nevada
Ohio Fuel
Okio Pro & Fe
Otis Eevator
Otis Steel
Owens Bottle
Ile Vo
Pacific Develope
Pacific Tel & el
Pan-Am P
ROTR
Pan-Am Pete
Penn Sea Steel
Pere M
Philadelphia Ee
Pierce Arrow
Pierce Oil
Pitts Coal
Pitts & W Va
Pitts & W Vapf
Pond Creek Coal
Roogle Steel
R Iron & Steel
R Iron & St Pf
Repair Motor T
Remington Typ
Roy Dutch NY
Sinclair Oil
Beeen
Shoss Sheffield
South Railway
South Ry
Shromberg
Texas Co
Texas & Pacific
Tex Co
Tran & Wit Ms
Union Oil
Union Pacific
Union Pac
Uscip&f
U & Rubber
U S
U S Smelting Pf
U S Steel Pf. Ct Pede
Utah
Vanadium Corp
G. F. Redmond & CO. Inc
Nvestment Securities
Crucible Am
Safety Razor
North Butte Amoskeag Mills
Eastern Mfg
New Haven Federal Oil Cen
Punta Alegra
Worth
U. Ss. Meel Island Oil
Cosden Oil Davis Daly Gray Davis
Willys-Overland
So. Pacific
Simms Pete Sinclair
Vanadium
N. Y
Albert Sutcliffe & Co
ATA Euler Reat
Trust Companies
National Banks
Boylston National Bank
Union Market
Nat'l Bank
Water'n
West'house el
West
Maryland
West Pifio
Sliy
Wester Union
W& LE Bate Nace
White Motor
Willys Iland
Wilson Co
Willys Oland Pf
Wisconsin
New York Market
Money Market
Osten
Iixchanges
Eweererrerdaeos
Credibacy
Seis
Cables Ke Fo
Ene Ts Ter Red
Ps Ea See
Esetas
Sweden
Denmark
Norway
Argentina
Omaha Oil and Refining Company
City National Bank
Omaha
Nebraska