Market Summary Notes Mixed Ahead of Copper Outlook
The day opened with light turnover under 30 000 shares, New York and Boston totals showing modest activity. Worthington Pump rose sharply, United States Rubber and United Fruit posted gains, but copper stocks and rail issues weakened amid weak copper demand and a stalled European credits recovery. Calumet & Hecla declared another five dollar dividend, United Fruit eyed an extra dividend in stock, and Mullins Body Company approved 80 000 new shares at forty four dollars to stockholders.
MENTIONED IN THIS ARTICLE
Reserve Bank
Worthington
United States Rubber
United Fruit
Calumet & Hecla
United States
Mullins Body Company
London
Supreme Court
Wall Street
Ory
Eastern Mfg Listed on Local Board on the Boston Exchange
Eastern Manufacturing Company, a Massachusetts corporation succeeding the Maine entity, lists on the Boston Stock Exchange. It is a leading bleached pulp and writing paper producer with vast assets and ownership structure including 140,000 common shares at $5, plus $1 million 7 percent second preferred and $8.26 million first preferred. Net assets exceed $8.8 million with common equity at $29 per share after deductions. Four year earnings average $5.88 per share after preferred dividends, with 1920 expected earnings of $7 pre tax and $6 post tax for common stock.
MENTIONED IN THIS ARTICLE
A Q Eastern Manufacturing Company
Boston Stock Exchange
Massachusetts
Maine Corporation
United States
Worthington Pump & Machinery Company
Worthington Pump
Stockholders to Receive Rights for New Shares and Earnings Outlook
The company plans a 3-for-7 rights issue with 70,000 shares outstanding. Record date is Nov 28 with rights to subscribe through Dec. Five months ended Oct 31 show earnings above 88 a share, funding capacity to meet summer 1921 demand. Issuing stock aims to boost capacity and expected next year earnings of 8 to 10 per share.
Galway Intrudes mystery tale in Boston Sunday Post Magazine
In Frederick Stuart Greene's detective story Galway Intrudes, a single overlooked slip by Keenan as he pressures the big boss for cash before the election triggers his downfall. The magazine presents the unraveling through keen observations and suspenseful plotting.
MENTIONED IN THIS ARTICLE
Keenan
Frederick Stuart Greene
Galway
Boston Sunday Post
Where to Deposit Your Savings Dates and Banks
A list of banks and dates for deposit interest includes Andover Savings Bank Andover December 17 Brookline Savings Bank January 12 Brighton Five Cents Savings Bank January 3 Melrose Savings Bank Melrose January 5 Boston Five Cents Savings Bank January 14 Columbus Savings Bank BES January 1 Franklin Savings Bank Home Savings Bank Boston January 10 Hyde Park Savings Bank January 7 Medford Savings Bank February 7 Salem Five Cents Savings Bank February 1 Suffolk Savings Bank January 14 Waltham Savings Bank Waltham December 10
MENTIONED IN THIS ARTICLE
Andover Savings Bank
Andover
The
Brookline Savings Bank
Brighton Five Cents Savings Bank
Melrose Savings Bank
Melrose
Boston Five Cents Savings Bank
Columbus Savings Bank
Franklin Savings Bank
I Home Savings Bank
Boston
Hyde Park Savings Bank
Medford Savings Bank
Salem Five Cents Savings Bank
Suffolk Savings Bank
Waltham Savings Bank
Waltham
Trust Companies Annual Interest Dates Listed
Deposits in savings and interest departments of trust companies show key dates. Institutions include Charlestown Trust Co Boston Commonwealth Trust Co Cosmopolitan Trust Co Boston Federal Trust Co Fidelity Trust Co Boston Hanover Trust Co Paraguay Hub Trust Co Metropolitan Trust Co Boston Old South Trust Co Boston So Boston Trust Co Boston United States Trust Co Boston Fitchburg Bank & Trust Co Melrose Trust Co Highland Trust Somerville Trust Nov 29 or Dec 1 dates appear for most. National Banks Boylston National Bank Boston Union Market Natl Bank Watertown Dec 1.
MENTIONED IN THIS ARTICLE
Charlestown ‘Trust Co
Charles’n
Commonwealth Trust Co
Boston
Cosmopolitan Trust Co
Federal Trust Co
Fidelity Trust Co
Hanover Trust .Co
Paity Hub Trust Co
Jemedias Pars el Metropolitan Trust Co
Old South Trust Co
Boston Trust Co
United States Trust Co
Fitchburg Bank & Trust Co
Melrose Trust Co
Melrose
Highland Trust Co
Somerville
Somerville Trust Co
Pere Marquette Stock Seen As Likely to Rise
Roads are returned, the company s earning power and financial condition will be reflected in the stock. Several low priced railroad stocks are suggested as likely to improve in price when the roads are returned. Pere Marquette earns about 10 dollars per share on the common stock, selling around 25. The road has undergone drastic reorganization and banking interests think the stock has a good chance if it earns a fair return.
MENTIONED IN THIS ARTICLE
Union Pacific
Southern Pacific
Southern
Union
Pere Marnette
New Oil Refinery Plans Ahead of Production Start
Fort Worth financiers promote a vertically integrated Texas Eagle Oil venture plans to build a refinery by February with 6000 barrels daily capacity and $13,500 daily profit from its own 86,000 acres of oil lands plus 27,000 acres from Texas Eagle Oil Company. The company, holding 24 wells in Desdemona and Burk-Waggoner fields, expects key wells coming online by November and December, while marketing shares at par and inviting investors to request the book detailing assets and officers.
MENTIONED IN THIS ARTICLE
Texas Eagle Oil Company
Burk-Waggoner
Desdemona
Texas Eagle
Exas Hwagle Oil Company
Ascend
Texas Nagle Ol Company
Burkburnett
Texas
Oklahoma
Corporation pays 12 percent dividends on earnings
A four month old corporation already pays dividends at 12 percent per annum, out of earnings that are running at a higher rate.
Also Mentioned on This Page
Maine Central Railroad Co
Savings Banks of
Mass
Maine
State Street
Springfield
Providence
New York
Baldwin Locomotive
Superior
Europe
Senate
Congress
Eastern
Silver Reef
Arizona
Silver Reef Mining Company
Robert Arnold
Kilby St
Asst
Treas
Silver Cash OR Margin
WM. R. Fitzgerald & CO
Kilby Street
Step Sats
Stock Exchange
B.S. Emerson & CO
Studebaker Corp
Studebaker Corporation
Financial Editor
Great Northern
Texas Company
Moody’s Investors Service
John Moody
Nassau Street
New York City
National Banks Boylston National Bank
Union Market Nat’l Bk
Watert
Texas Eagle Producing & Refining Co
Fort Worth
Rrel Refinery
Texas Co
Texas Corts
Texas & Pac
Third Ave
Tran & Wilms
United Drug
Inv
Uscipe
U S
Willys O'land
Earl Derr Biggers
Sally
Usre
Wrabash
Wabash
Tob
Boog Low
Adams Bex
Aura of
Sneer
Ajax Panier
Alaska
Bosch
Hide & Sea
H & L Pf
Inter C
Ship & Com
Sm & RB Bm & Re
Anaconda Co
Ann Arbor
Gfé& W
Balt
California
Butte & Su
Calif
Chile
Cluett P
Boo den & R
Fisk Rubber
Gaston W
General Cigar
Goodrich B
Granby
Gt North
Ilinois Central
Tnspiration Co
Interboro Ce
Interboro
Int Ag Corp
Intervester Corp P
Kan City
Kennecott
Keystone Tire
Lee Tire
Lehigh Valley
Maxwell Motor
Miami
Middle Star Oil
Midvale Steel
E Ctis
Missouri Pacific
Missouri Pac Pf
Montana Power
Mullins Body
National Acme
Nat Enam & St
Nat En & &T Pf
Nevada Con
Ohio
Cities
Ontario
Dees Bottle
Pacific Gas
Pacific Mail
R Iron
Repub Moi
Roy Dut
T Jos Lead
A&c
St Louis
Savage Arms
Saxon Motor
Seaboard Air
Sinclair Oil
Sloss Sheffiel
South Pacific
South Railway
South
Mitr
Stromberg
Stu
Stuta Motor Superior
Tenn Cop
New England
G. F. Redmond & CO
Ktrth Street
Fort Hill
Boston Safe Deposit & Trust Company
Franklin
Arch and
Devonshire Streets
Texas Eagle Producing & Refining Company
Main
Fifth Sts
Frederick A. Cook
J.C. Mimms
Wm. Gould Brokaw
Wm. E. Clark
Mer
F. P. Sizer
Fulee
Charles E.van Riper
Consolidated Stock Exchange
Broad ST
G. A. Eastman & CO
State ST
Boston Copper News
BAY State Film CO
Rufus Coffin & Cf
N. Y. Curb
U. S
Mid-Texas
Corporation
East River Savings Institution
New York, N. Y
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