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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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