Market Summary Reports Stocks Rally Then Sell Off On Wilson News
Trading opened lower on news of President Wilson’s illness with a late-day rebound followed by renewed declines as money rates remained volatile. The week saw heavy volume, steel strike concerns easing temporarily, and a broad market pullback with leading issues slipping to week lows. Major activity focused on New York and Boston totals, with copper and blade makers showing notable moves and earnings outlooks for National Enameling & Stamping, Ray Hercules Copper, and Gillette discussed.
MENTIONED IN THIS ARTICLE
Wilson
Bears
New
Wall Street Open Higher Then Slump On Wilson Condition Rumors
Nervous trading in New York follows conflicting rumors about President Wilson's health. Stocks swung from initial declines to rallies, then renewed selling pressed many issues below early losses. American Tobacco rose on news of benefits from a new securities firm. overall activity showed 1,275,000 shares changing hands with bonds firm and Liberty issues soft.
MENTIONED IN THIS ARTICLE
New York
Financial
Wilson
Washington
American Tobacco
American Tobacco Securities Corporation
Crucible Steel
U. S
Market loan rates and paper prices noted
Current rates show iBrokers customers loans at 6 percent. Outside brokers call loans at 6 percent. Brokers commercial loans at 6 percent. Individual collateral loans at 6 percent or paper from 514 to 6 percent.
MENTIONED IN THIS ARTICLE
iBrokers
Imperial Producing Mines Report From Boston Supervisor
Imperial Producing reports from superintendent John Hanson in Boston on rapid ore extraction at several mines. The Tobin cross cut is prepared to drift September 25, with the Centennial and Eagle producing rich ore. Ore near surface valued at $700 per ton in silver. preparations for winter timbers and coal are complete. President Wilcox touts Imperial as a mountain of rich ore with extensive underground and surface workings and high potential for silver profits.
MENTIONED IN THIS ARTICLE
Wilcox
Imperial Silver Mines Company
Boston
John Hanson
Imperial
Eagle
New York
Lawson
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