Market Dull and Slightly Lower Amid Mixed Stock Activities
Market ends with small losses overall as many issues retreat while select names show modest gains. Steel and Bethlehem hold near year lows, rumors swirl of big moves in General Motors and Bethlehem, copper producers report varied April output, and savings banks in Boston post a new high in deposits.
MENTIONED IN THIS ARTICLE
Réserve Bank
Durant
General Motors
Bethlehem
Baldwin
Boston
Boston Five Cents Savings Bank
Provident Institution For Savings
Money Market Rates Highlight Quick Call and Loans
Outside brokers offer quick call at 8 percent while customers' brokers loans run 8 percent. Collateral loans for customers at 7 percent. Commercial paper ranges from 7.4 to 7 percent. Year money also at 7 percent.
Financial Editor's Notes on Market Rumors and Economic Signals
An analyst questions management focus on stock prices while detailing Chandler Motor Company rumors about cash, loans, dividends, and possible shutdowns. The piece notes copper mine activity, Cuba Cane Sugar earnings, and suggests a looming Fed rediscount rate rise, plus transport issues in the auto sector and Livermore's positioning in Pan American Petroleum.
MENTIONED IN THIS ARTICLE
Chandler Motor Company
Chandler Motor
Chandler
Bond Market Memo Highlights Various 5s and 4s Listings
A dense sheet lists numerous bond issues across U S and international issuers with notes on Series B 5s 63 68 8s and various 4s 5s. Entries mention companies banks utilities cities and countries such as New York Central Delaware Lackawanna Lehigh Valley Pacific Gas Havana Cuba and Paris with yields around mid to high 80s and 90s on several issues.
MENTIONED IN THIS ARTICLE
CM & St
Penn
Dom Canada Cmo Ra
Jou Conner
Bascit
Ark & Lai
Sl& SF
Hud & M
Es Posse
Hud & M Rig
Ad Nyc
M & Bi P
Ife Sas
Nets
Rye
Ate Bent
City of Bord
M & Puget Sd
Norf & W
City of Copen
Ca & St P Bs Ee
City of Lyons
Cc & Nwn
Nor Pacific
City of Mars
el Nor Pacific
City of Paris
RI & P
Cuba
Rio
T& Tool
Legionaires Organize Fife and Drum Corps at Post Meeting
Back Bay Post of the American Legion formed a 18 piece fife and drum corps at its meeting. A member donated a flag and flag pole. The post will join the memorial field service at Fenway Park on May 30 and cooperate with Revere Post to decorate graves at Woodlawn Cemetery.
MENTIONED IN THIS ARTICLE
Back Bay
Public hearing on site tax and land use in Boston
The second Mayor's committee hearing debated a one percent Boston sales tax, a drastic city-department investigation, and a site tax to force vacant land into use. The discussion wandered through Boston streets and Howells novels, noting addresses from Louisburg Square to Beacon Street and references to Silas Lapham.
MENTIONED IN THIS ARTICLE
Boston
City Hall
Louisburg Square
Louisa M. Alcott
Beacon Street
Dr. Holmes
Silas Lapham
Mr. Howells
Concord Square
Howells
Nankeen Square
Back Bay
Harrison Avenue
Sewell
Marlboro Street
Lemuel Barker
Willoughby Pastures
Boston Common
Public Garden
Coreys
Mt. Vernon Street
Curtis
Lower Pinckney Street
Rumford Street
Brimmer Street
Myrtle Street
Park Street Mall
Beacon Street Mall
City Tax Proposals Spark Debate On Waterfront Growth
Nathan Matthews notes the tax plan is only a suggestion not committee stance. James J. Byrne urges multi civic signup to study city departments and push waterfront development while opposing a 1 percent retail sales tax. John Codman argues taxes on buildings hinder growth while site value taxes can be shifted to renters and buyers.
MENTIONED IN THIS ARTICLE
Nathan Matthews
James J. Byrne
Kiwanislub
Boston Chamber of Commerce
Massachusetts Real Estate Exchange
Boston Real Estate Exchange
Boston Credit Men's Association
The
Rotary Club
Kiwanis Club
Kiwanis Cab
Boston
Byrne
John
Codman
Single Tax League
Howells and Boston Streets The Charles Street Hospitality
The article recalls William Dean Howells visiting Boston era. It highlights his breakfast at Charles street hosted by James T. Fields and the Fields home at No. 148 and No. 164. It notes Holmes and Fields scenes and Howells’ vivid memory of Fields and the sunset viewed from Charles street parlor.
MENTIONED IN THIS ARTICLE
Boston
William Dean Howells
Parker House
Lowell
Holmes
Mr. Fields
Charles Street
James T. Fields
Howells
Youngowells
Dr. Holmes
Autocrat
Charles
Mr. Howells
Judge Dismisses Equity Suit In American House Case
Judge Fox of the Superior Court dismisses the bill in equity by American House Hotel Company against Augustus Hemenway and others to stop foreclosure of a $500,000 mortgage. Foreclosure is stayed pending Supreme Court ruling on alleged mortgage breach. The court notes the hotel was closed, repaired, and now earns profit, valued at about $800,000.
MENTIONED IN THIS ARTICLE
Porphyry Copper Companies
Utah
China
Bay Consolidated
Nevada Consolidated
Judge Fox
Superior Court
American House Hotel Company
Augustus Hemenway
Supreme Court
American Writing Paper Company
American Writing Paper Co
Court Street
Boston
Mase
OLD Colony Trust Company
J. R. Wakefield
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Eastern Texas Electric Company
Beaumont
Port Arthur
Texas
United States
Stone. & Webster
Milk Street
New York
Chicago
Wall Street
Steel
Am. Oil
Butte & Superior
Greene-Cananea
Mohawk
Swift
Gray & Davis
United Drug
United Fruit
Tfastern Steamship Preferrer
Hayden, Stone & Co
Brown Bros. & Co
Chase Securities Corporation
American Woolen
New High
Barres
Island Oil
Chinampa
Wells, Fargo
Union Bag & Paper
New York Stock Exchange
North Butte
Adame Express
Alaska
Car
Inter Corp
la France
Ship & Com
Smn & Re
Sin & Re
Sumatra
Tel & Tel
Atlantic Coast
Atlan G & W L
Atlantic
Baldwin Loco
Alt & Ohio
Arrett Co
Beth Motor
Bethlehem Steel
Beth Steel B
Beth Steel
Booth Fisheries
Brunswick
Burns Bros
Cop & Z
Callahan
Candian Pac
Daly
Cerro de Paseo
Ches & Ohio
Gt West Pf
Mil& St P
M & St P
Chi & N West
Chi Tool
Chi
RI & Pac
Chi RI & P
OC & St
Alt Cetnee
Money Market
Iuss
F. R. Bank O
Swise
France
Denmark
Norway
Boston Stocks
Col Fuel & Iron
Columbia Gas
Columbia Graf
Col Graf
Cont Corp
Consol
Continental
Crucible Steel
Deere & Co
del & Hudson
Dene& R G
Detroit United
Dome Mines
Elkhorn Coal
Erie
Ked
M & Sm
Freeport-Tex
Thy
Goodrich
Greene Cannon
North Pl
Gulf Mobile & N
Gulf M & N Ea
Gulf States
Haskell & Barkvalah
Hendee
Hupp Motor Car
Illinois Central Eee
Adiahoma
Interboro Con
Int Ag Corp
Intern
Kansas
Kan City
Kelly Tire
Kelly T
Kelsey Wheel
Dept
Peto
Middle Sta Oil
Midvale Steel
Ti Why
Missouri K & T
Missouri Pacific
Missouri Pac Pi
Es Mont-Ward
Mullins Body
ATA
National Acme
Enam & St
Nevada
Dock
Nynh&h
Okla Pro & Re
Navy
Ontario
Otis Steel
Owens Bottle
Pacific Develop
Pacific Gas
Pan-Am P & T
Pan-Am Pet B
Parish & Bing
Pennsylvania
Penn Sea Steel Aveee
People's Gas
Pere Marquette
Pere M Prior Pf
Philadelphia Co
Sae
Phillips J Pf
Pierce-Arrow
Pierce Oil
Pitt C & St Te
Pitts Coal
Pitts & W Va
St Cai
Ry St
Repla Cle Steel
Repab Motor T
Roy Dutch N Y
St Jos le
Sl&s F
St Louis
Savage Arms
Saxon Motor
Seaboat Airs
Shell Trans & I
Sinclair Oil Wine
Southern Pac
South Railway
South Ry
Rts
Actna Explosives
Stromberg
Studebaker
Heyden Chen
Superior Steel
Texas & Pacific
Atlantic Pete
Glenrock
Union Oi
Island O & T
Oahu
Union Pacific
Merritt Oil
Union Pac Pf
Met Pete
UN Alloy Steel
Ally
Midwest Refining
United Drug. Qi
Prairie Inc
L Jl
Tylor SF Pf
Sapula Oi
Scip & F
Montana
Caldeonia
Canada
Howe ‘Sound
Jim Butler
McKinley Darragh
Va Iron & C
Motherlade
Vivaudou Incly
Wabash
Ohio Copper
Ray Hercules
West Maryland
Og Ge
West Pacific
Rex Consolidated
House Air Br
of Ariz
Wells Fargo
West’house EL
Pei
Willys O'land
Tonopah Sea
Feeserah Mining
Wilson Co
Willys
Woolworth
VBE
United Astern
Wilbert
Yerrington
Ahmoek
Ag Chem
Tagar Pd
Atlas Tack
Amoskea
Amoskeag
Am Woolen
Beacon Choc Bly
Bos Mex Petty
Cal & Ariz
Cal & Hecla
Century Steel
Davis-Daly
East Butte
East Boston
Edison Elec
Elder
Green T & Die
Helvetia Ora Int Cot Mills
Int Cot Mills
Creek
John T Connor
Com Corp
Hancock
Indiana
Old Colony
Mex Invest
Swift & Co Mt
Swift Internac
Shannon
Trinity
Torrington l
United Shoe
Utah Metals Iy
Ventura
Waldorf
Walworth
Waltham Watch
Victoria
Ard
West End
Winona
Wickwire
Warren Bros
Warren
Superior
Utah Consuls
Wollaston
Berlin
Greater Berlin
Community
Cologne
Ewenees
N. Y
Arc Deane Eebenes
Financial Editor
Cuba Cane
Federal Reserve
Treasury
Detroit
Jesse Livermore
Pan American Petroleum
Allied
Alavarado
Ariz Silver
Bay State Gas
Beaver
Boston Wye
Cascade
Cosden
Gulfport
Imperial
Mutual Trust
Manhattan
Monarch
A. W. Lincoln & Company Bankers
Post Office Square
Seab Air L
Ae Beebh Air
Pacific
Rfg
Ewe
Pacific Col
Pac-San F
L&lan
Balt & Ohio
Balt&o
Kentuck
Balt & O Gold
Balt & O Plus
Lake S
Lehigh
Valley
Balt &O
Liggett & M
Bklyn Rap PeTel Kos
Lek Ts
Depos Tong
Lorillard Co Eee Gas & Eb
L&n Southern Cou Leather
Joint
X ” Ches & O
Midvale Ae
Ches &O
Ches & O
Phir
Virg
Wat
Wes
Wes Hea
Steel of AN. Jerinian Ry
Maryld
Shore
Legionaires
Arthur
Chicago Grain Market
BY William Justin Mann
Tel
A.F.I
Stone & Taylor Go
Washington St
William T. Russell & Co., Inc
Broadway N
Devonshire St
R. £. Seamans Co., Inc
Houston BE. Teehel
Northern Texas Electric Company
Fort Worth
Stone & Webster