Market Strength and New Listings in Boston and New York
Trading in New York and Boston showed high call money at 12 percent as dealers forecast further moves. Rail stocks gained while congressional policy reshapes the railways, with government guarantees likely to persist after year-end. Simms Magneto and American Oil Engineering joined the local list, while Todd Shipyards surged on the curb. The United Drug Company reported nine month earnings of 41.5 million in net sales.
MENTIONED IN THIS ARTICLE
W.L. Douglas
United States
Stock Exchange
W. L. Douglas
Ince
Asia
W. L. Douglas Shoe CO
Brockton
Mass
Federal Reserve
New York
Congress
Simms Magneto
American Oil Engineering
Simms
Ohio Body & Blower
Mullins Body
Simms Magneto Company
Boston Stock Exchange
Charles Hayden
Hayden, Stone & Co
Todd Shipyards Corporation
Todd Corporation
Todd
United Drug Company
Lyons
Marseilles
Bordeaux
Banking Influence Say Banks Check Speculation to Avert Panic
Financial notes discuss how Federal Reserve rate actions and New York bank restraint affect stock traders. Banks are blamed for market power yet shown to curb excessive speculation to prevent panics. The piece analyzes Steel shares ownership shifts, railroad stock appeal, and the push to promote low grade railroad bonds to attract funds.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York
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Massachusetts
New Hampshire
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aesSee
Brockton, Mass
Tiance Gimes
L. Douglas Shoe CO
W.L. Douglas Shoe Company
THE
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Fort Hill
RAILS
Advance In Rails
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Boston
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United Drug Earnings
Financial Editor
Boston Commercial
N. Y
Angus Pee Esews
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