Market Decline Persists Amid Feeble Rallies and Warstock Strain
Stocks closed lower as rallies faded and war stocks led losses of one to three points. U S Steel held firm amid heavy selling and faces ex dividend trading. Federal Reserve warning on unsecured British notes spurred debate on allies’ purchases while call money rose to six percent. United Fruit annual report showed strong profits and raised expectations. Grain and cotton markets slid with December wheat near 1 60 while futures diversified late. Southern Railway earnings remained solid as Willys Overland plans output growth to 18 000 monthly by March.
MENTIONED IN THIS ARTICLE
U. S. Steel
Federal Reserve Board
Treasury
Chicago
Bethlehem Steel Leads Losses in New York and Boston Markets
The market report shows Bethlehem Steel down 25 points to 625 in New York, with copper and war stocks guiding declines. Local market activity lists Bethlehem Steel as the greatest loss in New York and Granby as the Boston greatest loss, while Lorillard and West End show notable gains.
MENTIONED IN THIS ARTICLE
Bethlehem Steel
New York
Boston
Lorillard
West End
Granby
New York Market Attitudes Shift on Foreign Securities
The Federal Reserve Board's stance on free acceptance by national banks of war emergency foreign securities dominated New York market commentary. International loan issues sagged, Paris 6s dropped to a record low, and remittances and exchange rates faced renewed strain amid fears of broader conflicts. Time loans priced higher, call money hit 6 percent, and total trading approached 1,230,000 shares with volatility in rails and metals.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Paris
Germany
Austria
United States Steel
Bethlehem Steel
Reading
United States
Copper heavy on Boston market as Fed caution weighs
The Boston stock list fell with copper shares leading declines after the Federal Reserve Board urged banks to avoid tying funds to British treasury notes. Volume was light, with copper issues such as Copper Range and Amalgamated Copper losing several points. American Zinc and Nova Scotia Steel also weakened, while limited gains appeared in Ahmeek and West End. American Telephone rights stayed active but closed unchanged.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Allouez
Calumet & Arizona
Granby
Mohawk
North Butte
Old Dominion
Osceola
American Agricultural Chemical
American Telephone
New England Telephone
Nova Scotia Steel
Ahmeek
West End
Connecticut Brass Stock Offering
Boughton & Co. offer $500010 capital stock of the Connecticut Brass Corporation at $10.50 per share. Proceeds will retire obligations and place the mills under new management to complete the company’s present financing and restore efficient operation.
MENTIONED IN THIS ARTICLE
Boughton & Co
Connecticut Brass Corporation
Gillette Razor Co Increases Workers Pay Again
The Gillette Safety Razor Company raises wages by 10 percent for all employees effective October 1. This marks a second 10 percent pay increase within the year as the company continues to boost wages amid ongoing labor discussions.
MENTIONED IN THIS ARTICLE
Gillette Razor Co
Gillette Safety Razor Company
Igi
Western Pacific Bonds Offer At 90 For 29 Million Issue
Bankers note that reorganized railroad securities yield large profits. Western Pacific offers 29 million in first mortgage 5 percent bonds at 90, effectively 18 million net. Bond security rests on property replacement value of 81 million with 17 million terminals and 12 million cash, totaling assets behind 20 million bonds at five to one.
MENTIONED IN THIS ARTICLE
Western Pacific
Reorganized Roads
Western Pacific Railroad
Copper interests take control of major company future
After a thorough review a powerful copper bloc gains large stock in the firm and plans a bold development path. They aim for success akin to Senator Clark with United Verde and the Douglas interests with United Verde Extension.
MENTIONED IN THIS ARTICLE
Calumet & Jerome
Clark
United Verde
Douglas
Verde Camp
Company Notes and Manufactures Listed for Sale
A fragmented list names various manufacturers and entities including Eastern Steamship common, Corr Manufacturing, Whitcomb Blaisdell, Pfd stocks, Waltham Watch pfd, Jessup & Moore Paper Co, Warren Bros, Gray & Davis pfd, U.S. Envelope pfd, Sagamore Manufacturing, New Bedford Gas & Edison Its, North Boston Lighting, Massachusetts Breweries, Library Bureau pfd, Draper Corporation, Fitchburg & Leomin. St. Rwy., Hendee Mfg. pfd, Weltham Watchcom & CO.
MENTIONED IN THIS ARTICLE
Eastern Steamship Common Corr Manufacturing
Whitcomb Blaisdell
Waltham Watch
Jessup & Moore Paper Co
Warren Bros
Gray & Davis
U.S
U. S
Sagamore Manufacturing
New Bedford Gas & Edison
North Boston Lighting
Massachusetts Breweries Library Bureau
Draper Corporation
Fitchburg & Leom
St. Rwy
Hendee Mfg
Weltham Watchcom & CO
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St
Wall Street
Baring Brothers & Co., Ltd
London
United Fruit
U. S. Rubber
United Fruit Company
United States Rubber Company
N. E. Cotton Yarn Reports
The
New England Cotton Yarn Company
Southern Railway
Southern Railway System
Willys-Overland
Spencer frask&Co. Investment Securities
Congress St
Mass
Albany
New York Stock Exchange
Frank A.palver
Journal Building
Broad St
Beret
NEW Era
Brown & CO
Boston Cash Exchange
Congress
Fort Hill
Fidelity Trust City Trust Company
Frank F. M'Leod
Blackstone Valley Gas and Electric Company
Pawtucket and Woonsecket
Rhode Island
Blackstone Valley Gasante i Company
Cose
Bione & Webster
Baldwin Locomotive Works
Philadelphia
Portland Cement Association
Park Avenue
Special Securities
Whitney & Elwell
State Street
New York Market
Sequoyah Oil
Temple H. Fay & CO
Boston Curb Exchange
State St
Boston Stocks
Hay Novy
Seeteee
Alaska
Juneau
Bk Kote Co
Orig
Ambset Pt
Hide & L
Loeo
Smelt & R
Smelt & R Pf
Reese Nen
Tel & Tel
At&sf i
Ad Bir & Atl Ry
Atl
Gulf & WI
GI & W
Baldwin
Baldwin Loco Pt
Ohio
Barrett Co
Beth Steel
Bklyn Rap T
Burns Bros
McAek
Batte & Sup
Cal Pet Corp
Chee & Ohio
Chili Cop Co
China Copper
Col Fuel & Iron
Col South Be Tlen
Columbia Gas
Com Table Co
C Coal Margi'd
Deny & Rio G
Det Edison Co
Detroit
Driggs-Seabur
Erie
G'drich B F Co
Sgees
Nor
Inspir'n Cop Co
Ilinois Central
Interboro Con
Interboro
Int
Agr Correseee
Agr Corp
Int Harvester
Inter Nickel
Iowa
Kan
Kan City
Kelly-Sp
Kennecott C P
Lee Rub & Tire
Maxwell
May Dept Store
Mex Pet Co
Miami
Mian & St Ce
Mian & Tex
Mont Pow Co
Mont Power
En & Bt
Nevada
Nyc&sl
Nynh&h
Nor & Wes
Nova Scotia
Pac Tel & Tel
Pac
T & T Pf
Pan Am Pet
Enn Wan
Wee
Philadel Co
Pitts Coal
Pitts Steed
West T & T
Alaska Gold
Algomah
Alloues
Ag Chem
Am Ag
Arizona
Atl Gulf
Atl Gulf Pf
Bonanza
Bos C & Mol
Bos C&n
Bos Elevated
Bus & Albany
Bus & Maine
Butte Ballak
Cal & Arizona
Cal & Heela
Cum Co P & Lt
Daly West
Helvetia
Indiana
Island Crk
Isle Royale
Loweenaw
Lake Copper
la Salle
Mok Lwain
Laine Central
Michigan
New Arcadian
New Englel
New River
Bil
Nipe Bay
Nipissing
North Lake
Ibwa
Old Co I
Old Col RR
Pond Ork
6Th
Pullman Co
Quincy
Santa Fe
Shannon
South Lake
Utah
Kho & Bos
Swtt & Co
Amarack
Torrington
Trinity
Union Land
Utah Apex
Utah Consol
Utah Re
Entura
Victoria
Western Union
Mona
Wolverine
Wether
Yandot
Pullman
T& St
HM Rep Las PE
Rumely Ig
Rumely C
AU Seare- Roebuck
Union Pacific
Union Ae
United Cigar
UN Cig
United Drug
United Pratt
Srd& RE
Steel
See Corp
Ir Ree&c
Wells-largo
West Maryland
West Union
Westinghouse
Wh & L Re
White Mot Co
Wil-Overland
Wil-Overld
Woolworth
P& M of A
P& M Pf B
T Nw &S
UKGB
West P. Mw Co
Canada Co C Tone
Cerro de Pas
Dfield C
Ee Rose
Mette Teese Om
Magma
R & H Corps
Wh& LE
Buckeye P Line
Galena
Praire O&g
Saeee
Sinclair Oil
Penn Oil
Coaden & Co
Cosden O & G
Midwest Oil
Sapulpa O Dr
Wayland
Connecticut
Hovey, Kenny & Co
Boston and
Devonshire Street
Massili Broadway
ST. Louis
Walter Bacula
Partridge “Enue
Louis
Patterson
Egan
Eastern Avenue
Hyde Park
Minn Duluth
Toledo
Jerome
Lewisohn Property
Frank J. Smith
James J. Benelisia and Company
Boston Curb
Doane Street
Watters Travel
Frank A. Pali
Cheshire
M’f
Frank A. Palmer
Wood Products Chemical CO
Cotter & Company
Eng
Pere Marquette
Parific Mills
Nashawena Wills
Naumkeag
Birm
Ensley & Bessemer
Georgia St Pwr & Rys
York Haven Water & Pr
Northwestern Power Com
Whitman & Barnes Mfg
Apsley Rubber
Bristol Manufacturing
Edwards Manufacturing
Andersen Coal Mining
Alpaca
Greylock Mills
Swift & Co
Hotchaki
Boston Telephone Main
Ted
Boston, A
York, N
BAY State
Bay State Film Co
Eve Long
United Verde Consolidated Copper Co
Broad Street
New York City
Serena
Journal Balding