Market Dull and Slightly Lower Reported
A brisk financial note reports a dull market with slight declines. The May inflation conference and Sumatra earnings of twenty dollars per share are noted, alongside a large telephone station expansion and Dwight Mfg declaring a one hundred percent stock dividend.
Market session shows small trade and slight rally hope
Yesterday's stock market opened steady then fell heavily amid low volume. Retail Stores led gains on expansion optimism, while oil issues slipped. Reserve Board talks loom as inflation relief and credit stability are debated. American Sumatra forecasts $20 a share earnings for year ending July 31.
MENTIONED IN THIS ARTICLE
Whelan
Baldwin
Large Rise in Telephone Stations and Corporate Finances
Bell network stations total 12 012 016 up from 11 795 747 at year end with a 38 percent gain since 1914. Burns Bros. reports year net profit 1 027 085 and 11 44 a share. sales rise to 24 053 980 from 21 286 870. Dwight Manufacturing declares 100 percent stock dividend and plans par value cut to 100. capital up to 6 000 000. William A. Read buys 15 million in CN rail gold certificates with a flexible sinking fund plan to retire by 1935. Otis Steel shows 1.59 a share. Seneca ships 350 tons daily to Baltic mill. Concord & Montreal, Fitchburg, Boston & Lowell refunds idle. Edward A. Davis elected assistant cashier at National Shawmut Bank. Winona Copper stops operations. resumption unlikely.
MENTIONED IN THIS ARTICLE
Bell
American Telephone Company
Burns Bros. Company
William A. Read & Co
Canadian National Railways
Canada
Otis Steel Co
Seneca
Baltic Mill
Concord & Montreal
Fitchburg
Boston & Lowell
Adams Express
Ajax
Alaska
Hide & L
Hide & L Pf
Inter Corp Anes
Ship & Com
Sm «& Re
Sm & Re
Sumatra
Balt & Ohio
Barnsdall
Barrett Co Ee
Bethlehers "Sil
Beth Steel
Booth Fisheries
Cop & Z
Butte & Sup
Callahan
California
Cerro de Pasco
Chandler Motor
Gt Western
Gt West
M & Bt P Pf
Chi & N'west
Chi Pneu Tool
Chi R 1 & Pac
Chi RI & P
Chile
Coca Cola
Col Fuel & Iron
Columbia Graf
Con Cigar Corp
Congo
Cuba
1 & Hudson
Denver & RG
Elkhorn Coal
den & R
Eriepee
Gulf Mobile & N
Illinois Central
Interboro Con
Harvester
Harves
Mott Rade
Market Held Firm Despite Weak Spots and Transport Delays
Financial notes show stock prices mostly steady as liquidation did not resume amid reports of transport tie ups and material shortages. Analysts cite small speculative accounts, explain stock dividends mispriced by post dividend price drops, and discuss the impact of capital supply on high grade securities.
MENTIONED IN THIS ARTICLE
E. & C. Randolph
New York Stock Exchange
Where to Deposit Your Savings
A list of Massachusetts banks and trust companies with dates when deposits in savings or interest departments begin to earn interest. Institutions named include Andover Savings, Brighton Five Cents, Brookline Savings, Melrose Savings, Boston Five Cents, Columbus Savings, Franklin Savings, Medford Savings, Suffolk Savings, Waltham Savings, Warren Institution, Charlestown Trust, Commonwealth Trust, Cosmopolitan Trust, Federal Trust, Fidelity Trust, Hanover Trust, South Boston Trust, United States Trust, Melrose Trust, Somerville Trust, Boylston National Bank, and Union Market National Bank with their respective start dates.
MENTIONED IN THIS ARTICLE
Andover Savs
Andover
Blackstone Latine Teates
Brighton
Five Cents Savings Bank
Brookline Savings Bank
Melrose Savings Bank
Melrose
Boston
Columbus Savings Bank
Franklin Savings Bank
Charlestown Trust Co
Charles’n
Commonwealth Trust Co
Cosmopolitan Trust Co
Federal Trust Co
Fidelity Trust Co
Hanover Trust Co
Daily Fasb Steel Co
Inkale
South Boston Trust Co
Also Mentioned on This Page
Nashua Gummed & Coated Paper Co
Northwestern Leather Co
Federal Rubber Co
Stollwerck Chocolate Co
William Whitman Co
Massachusetts
State
State Street
New York
Baltimore
Springfield
Providence
Dwight Mfg
Carson Hill
Reserve Board
Reserve Banks
Carson Hiu
International Cement
United Drug
West End
Julius Lichtenstein
Lichtenstein
Burns Bros
Dwight
Dwight Manufacturing Company
Boston & Maine
National Shawmut Bank
Edward A. Davis
Davis
National White River Bank
Bethel
Winona Coppers
Financial Editor
Wall Street
Middle West
Supreme Court
Crucible Steel
Crucible
Studebaker
New Hampshire
Vermont
Connecticut
Rochester Bureau of Printing
Mass
Buffalo
N. Y
State of
Rochester
Messrs. W. Salvin Taylor & Co
Public Accountants and Auditors
Central Building
John A. York & Co., Inc. Investment Securities
Devonshire ST
Fort Hill
Trust Companies
National Banks Boylston National Bank
Union Market Nat’l Bank
Water’n
United States
Girard Trust Company
Philadelphia
Wm. A. Read & Co
A.J. Mitchell
Dominion
Halifax
Atlantic Coast
Vancouver
Pacific Coast
Canadian Northern
National Transcontinental
Intercolonial Railways
Grand Trunk Railway
Grand Trunk Pacific Railway
Congress Street
Chicago
Philadelphis
Seyeeeeser
Ay Teeee
Aay
Octo Ehenee
Ease Ease
Pot
Kel Tire
Kennecott
Eveees
Keystone
Lehigh Valley
Loft Inclard
Loville & Nash
Mullinson Pf
Mackay Cos Pf
Manati Sugar
Midite Bane Oil
Midvale Steel
Ssouri
Issour! Pacific
Issouri Pac
Mont
Nat Biscuit
Nat Lead Pf. Eeeee
Joon Y Brake
NY Central
Means
Norfolk South
Nova Sea Steel
Ohio
Rvion Pacific
Union Pac
United Fruit
Utah
Va Iron C&c
Audou Inc
Maryland
West Mt Outs el
Sk 'Land
Boston Safe Deposit
Franklin
Arch and
Devonshire Sts
Chicago Grain Market