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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Nov 14, 1919

Page

29

Market Rally Follows Sharp Overnight Shakeout

Total sales in New York reached 2 220 000 shares and Boston 41 238. In New York U S Steel led with 251 800 shares and Gray & Davis topped Boston with 4610. Cumulative to date Jan 1 1919 New York 275 888 150 and Boston 8 434 659. Last year New York 120 860 668 and Boston 3 048 870. The rally came as expected after an initial irregular opening and a flare of liquidation when call money jumped to 16 percent. Recovery followed as rates fell to 6 percent, revealing the market shakeout pattern blamed on banking pressures and questions over the Federal Reserve Bank.

New York Boston U. S. Steel Gray & Davis Chandler Mi Dt West Chi & St P Pf Skuthern den & Rio arson-Brant Coal Haskell Bark OY Corp Pf eeaPave Jewel Jones Bros Tea Kan City Isi Kelly Tire Kelly Kelsey / heel eenee Kentetott Keystone Tire Kress Co Lack Steel Lee Tire Jms Eee Ew Lee Ierts Lehigh Valley Liggett.& My’s Loville & Nash Ili Mackay Cos Manhat Bil Atd Maxwell Iami Co Middle Sta's Midvale Steel Minn & St.l M SP & Oe Missouri K Mo Kan & T Missouri Paci i Montana Nat Conduit Nat Enam & St Tex & Mex York A Nh&h Ont & W Norfolk & Wes i Ova Steel i Ohio Ontario Otis Elevator Wees Otis Steeles Pere Menegastie Oie If. Sa Beseseeree Pitt G &T Ron & Steel St Louis Il Flebaker Ion Ag & Apt Utah Gland West el & Mig Union T. A Willys O Willys Wilson Co Eveee Bri Ift & Co Marconi of Am Etebee Am &P Ang-Am Corp i Albany Dominion Fairbanks Nationa Sapulpa Oil West Oil Y & Shell Trahetoria O Elober Div Padi Wits Est Arizona Sas Thane Reeke J . Cules Bindi Sil Ewerede Aia Tuolmne Meth D Baba Bup & Boston Swift United Pruit Warren Waltham Jatth West Union Worth Pump

Sensational Recoveries Boost Wall Street Stocks

The market saw sharp rebounds in many stocks with General Motors up about 45 points and Mexican Petroleum nearly 80 points. Steel common held firm around 193, Anaconda near its earlier levels, while Endicott-Johnson surged from spring lows to near its record, as firms report improving profits and optimism for next year amid a volatile, uneven recovery.

General Motors Mexican Petroleum Texas Oil Steel Anaconda

Market review notes possible tax impact from volatile trading

The editor argues whether profits will be taxable depends on market calmness. Erratic trading and delayed tape hinder selling and repurchasing. a quiet market with small moves would allow many to report losses. The rally may mark a turn, with fears receding and high year prices likely capped.

Boston Stocks New York Curb S Turning Profits

Full paid. Total Bales: Bonds 58 250, stocks 41 238.

New York Stocks Report Mixed As Market Rises Slightly

Prices edged higher on New York stocks with modest gains across key sectors amid cautious trading. Investors weighed industrials and utilities while tech shares lagged, keeping the overall index near a stable level.

Massachusetts Trust Company to Increase Capital Stock

At a meeting of stockholders in the John Hancock Building Boston the Massachusetts Trust Company voted to raise its capital stock by 1 000 000. The bank organized five years ago with 3 500 000 in assets, now reporting over 15 000 000 in total assets and a net gain of more than 400 percent due to an aggressive policy and strong customer cooperation.

Eastern Manufacturing Company Maine Massachusetts New Massachusetts Massachusetts Trust Company John Hancock Boston

Also Mentioned on This Page

Connecticut Valley Lumber Company New Hampshire Vermont Stone & Webster Milk Street Chicago Wall Street Federal Reserve Bank System Money Trust Reserve Bank Imperial Seven Metals Nipissing Hecla N. Y Tonopah Mining Kerr Lake Stonduras Rosario S. S Jones & Thurmond Broad St Hendee A. F. Dow & CO State Street Texcaloran W. N. Withington &Co McReynolds Oil & Refining Co Irving National Bank Basile DP Dugundji Startex Petroleum Company Star-Tex Petrol Company L. H. Feld Imperial Eureka Croesus Lawson Temple H. Fay & CO Boston Curb Exchange State ST Bay State Film Common Mass Alana Met Canada Candelaria Jerome Cresson Oestee Mines Bat el Valvador Croesus Golden Gate Howe Imperial Sevels Métals First Nat L Gulfport Dim Butler Touisiana New Nixon Nevada Onondage Mines Ohie Copper Silver King Aziz Tuolumne Tonopah Divide Tonopah Tonopah Mining Uni Eastern West End Albert S. Lecount & CO Exchange St Zoston Curb Building Endicott-Johnson Maine Corporation American Sugar Refining Company Federal Sugar Refining Company Yonkers N. C Spreckles Union Institution of Savings Tremont Street Financial Editor Federal Reserve Bank Herbert Hoover U Ea N. Y Low Arc Shaw E Ee Hewne Ay Eee Ee Worene Ataguet Os Fensi I Ty Boston Stocks Regu Larly Gen’s Motors G.F. Redmond &Co C. 10 Fort Hill Asau Mar Ame & L Inter Corp Sm & Repf St Foundry Asse Realiz Tvs Batopilas Brunswic Sein Burts Bros Toby Ats Calif Park Featitoan Nia Calumet & Ari Cenacian Chicago Grain Market United States C.g.galbo & CO Standard and Independent Oil Richmond Providence Philadelphia Texcalokan Oil & Gas F. I. Sawyer Independence Kan Texcalokan Company Board of Directors G. Galbo & CO Standard and Independent Oil Specialists Philadelpasa Commonwealth Metals CO Morton & Co., Inc W. N. Withington & Co America Moody’s Investors Service Nassau Street John Moody New York City Eesure New York Morning Telegraph Divide Hecla Divide HECLA Bonanza Silver Camp John E. Allen & CO Devonshire Street Invader Oil & Refining of Texas Telegram Securities Exchange Denver
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