Market Turmoil After High Money Rates Pressures New Selloff
New York and Boston trading opened with irregular, weak tones as call money near 12 percent spurred heavy selling. Crucible pool margin calls and high debit charges forced liquidation pushing many issues to new lows while some standout names like Endicott Johnson and Bethlehem Motors showed resilience amid broader declines.
MENTIONED IN THIS ARTICLE
Steel Common
Anaconda
New York
Endicott-Johnson
Federal Reserve Bank
Waldorf System gains and cement merger news drift through markets
October volume reaches 9 million with total sales at 143 547, a 46 percent rise year over year as Waldorf System lunch rooms report strong growth in Boston and Providence while Philadelphia sees declines. International Cement Company forms from Cuban and Texas plants with 400 000 authorized shares. Foreign cement consolidation plans and stock exchange bets shape a volatile market as call money remains high.
MENTIONED IN THIS ARTICLE
Philadelphia
Boston
Providence
Wall Street Slump Deepens With Heavy Liquidation
The New York market faced a brutal liquidation today as prices tumbled in the final hour. Crucible Steel led the slide, dropping sharply and dragging down steels, oils, motors, and equipment with broader losses across tobacco, textiles, and other sectors. Sales reached about 1.15 million shares amid irregular to heavy bond activity.
MENTIONED IN THIS ARTICLE
U. S. Steel
New York
London
Crucible Steel
Crucible
New York Stocks This Week Amid Market Volatility
Stock listings show mixed activity with varied price movements across multiple sectors. Investors monitor gains and declines as market volatility persists through trading sessions in New York.
Money Market Ledger Shows Broad Rates Across Loans
Current prices list brokers' customers' loans at 8 percent and outside brokers' call loans at 8 percent. Brokers' commercial loans and customers' commercial loans run 8 and 6 percent respectively, with individual collateral loans at 6 percent. Commercial paper and year money range from 5 1/2 to 6 percent.
Berkey & Gay Furniture to Issue New Preferred Stock
Berkey and Gay Furniture Company plans a 99 650 0007 percent cumulative preferred stock issue through W G Souders and Co. The issue will retire 200 000 of outstanding old preferred stock, expand plant facilities, and boost working capital as profits average 680 722 annually on a base of growing sales from 1 192 474 in 1912 to 2 600 000 in 1919.
MENTIONED IN THIS ARTICLE
Bethlehem Motors Corporation
Bethlehem Motors
North American Motors Company
W. G. Souders & Co
Berkey & Gay Furniture Company
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