Pools Dominate Specialties With Small Caps and Insider Ties
Financial notes describe how pools push thinly traded stocks by tying insiders to options, restricting float and driving up prices. A New York contact reportedly advised a tip on Remington Typewriter stock, profiting only after a sharp rebound. An American Oil Engineering Co is formed to serve oil producers, backed by Hayden Stone and others, planning profit sharing.
MENTIONED IN THIS ARTICLE
Savage Arms
New York
Remington Typewriter
American Oil Engineering Co
Stone & Webster
Hayden, Stone & Co
Bankers
Sanderson & Porter
Liberty National Bank
Guaranty Trust
Thompson-Starrett Co
Golf Black Oil Co
Rock River
Wyoming
Texas
Kansas
W. Goff Black
At & Cents
Clark & Curtiss
Exchange St
Market Rally Follows Call Money Drop Amid Strong Steel Demand
New York and Boston volume totals show gains with 1,331,400 and 50,374 shares traded. Endicott-Johnson jumped over 100 points as earnings soar to 18 million annually. Atlantic Gulf and American Woolen hit new highs while Pierce Arrow led the motor group on higher demand.
MENTIONED IN THIS ARTICLE
New York
Boston
Royal Dutch
N. Y
Mullin
Market notes show Southern Pacific gains and oil hopes
The Southern Pacific is cited as holding gains and turning over in large volume amid speculation on a court decision in the second oil case. Investors eye early resumption of private operation and higher railroad earnings. Other leaders like Mullins Body, Parish & Bingham, Root Stewart and Gray & Davis are active, with Pond Creek exploring oil rights. The Cuban Portland cement mill’s second section is in operation, and the St Louis-San Francisco line shows improving operating results as eight months of 1919 approach. The Geo E Keith Company, a major shoe maker, reports rising sales and profits with strong financing forthcoming.
MENTIONED IN THIS ARTICLE
Southern Pacific
Mullins Body
Parish & Bingham
New York
Mullins
Root
Stewart
Gray & Davis
Elder
Pond Creek
Davis
Daly
Libby
St. Louis-San Francisco
T&t
NET & T
Swift & Co
Euas
Amoske Ag
Amoske
Ang-Am Ag
Ise A
Arizona Com
Bigheart «Pe
Bigheart «Pe Een Oee 10 1048 25 Bost & Albany
Bost & Lowell
Cal & A
Carson Hill
Conn River
Davis-Daly
East Butte Seep
el Seene
New River Pf
New Haven
Nipissing Ose Ences
North Butte
Une
Osceola
Pac Mills
Parish & Bing
Sup & Boston
Swift Internac
Swift
Rtsee
Torrington Seeteee
United Ra
United Cee
U S Steel
Utah Apex
Waldorf
Walworth Ee
Waltham Watch
West End
New York Stocks Dominated by Pools in Specialties
Trading in New York today showed pools sharply controlling obscure specialty issues while major leaders lagged. Some steels rose late in the rally as money markets relaxed, with call loans easing from 10 to 6 percent and time funds steady at 7 percent. Strong specialties such as Pullman Car, National Aniline, California Packing, Brown Shoe, Endicott Johnson, Transute Williams, Steel, May Department Stores and Bosch Magneto advanced 8 to 10 points.
MENTIONED IN THIS ARTICLE
New York
Steels
Pullman Car
National Aniline
California Packing
Brown Shoe
Endicott-Johnson
Haskell Barker
Transute and
Williams
Steel
May Department Stores
Bosch Magneto
Market report notes varied specialties and rail gains
Specialities were represented by Pierce Arrow, Stutz, General Motors, Ameri can Woolen, Hide and Leather preferred, Central Leather, Industrial Alcohol and National Lead. Shippings were active, mainly on the strength of Atlantic Gulf and United Fruit, rails owed their occasional prominence to Southern Pacific, which made an extreme gain of almost three points. Sales amounted to 1,325,000 shares. Liberty bonds were lower on the decline of the 8 1-2s, and the domestic list as a whole was irregular, foreign issues holding steady. Sales (par value) aggregated $12,750,000. Old United States bonds were unchanged on call.
MENTIONED IN THIS ARTICLE
Sale S
Bosch
Car & Pt
Hide & Lea
H & L Pf
Selicc Us
Writ Pfeee
T& SF
Atch
Bir & Atl
Atlantic Coast
ALG & WI
Balt & Ohio
Balt & Ohio Pf
Hile
Barrett Co
Barrett Co Ve Sane Ee
Batopilas
Beth Motor Aes
Brook Ra
Burns Bros
Butterick
Butte & Super’ R
California
Calif
Calumet & Ari
Cerro de Pasco
Chandler Motor
Ches & Ohio
Gt Western
Chi & Til Cft
St P Pf
Chi & N’west
Chi Pney Tool
Chi RI & Pac
Col & So
Lumbia
Con Cigar Corp
del & Hudson
Delck & W
Densk Rio G Pf
Elkhorn Coal
Emergon-Brant
Ule
Iirie Ist Pf
Fairbanks
M & Smpf
Haskell & Barkweeenee
Homestake
Illinois Central
Interboro
Harvester
Interboro C
Kelly Tire
Kennecott
Sccecer
Emia Valley
Looge-Wiles
Torillard
Adi
Lo Ville & Ges
Mackay Cos
Mathieson
Maxwell Motor
Middle &T
Missouri Pacific
Missouri Pac Pf
National Acme
Nat Biscuit
Nat Enam & St
Tex & Mex
NY Central
New York Dock
Nynh&h
NY Ont & W
Norfolk & Wes
Pacific
Pan Am P & T
Pennsylvania
Penn & Stirf
People's Gas
Pere Marquette
Aan
Pere Mar
St Sprir
Remington
R Iron & Steel
ING
R Iron & St
Nike
St Jos Ad
Stl&sp
St Louis W Pl
Savage
Rts A
Stewart Warner
Stromberg
Studebaker
Stutz Motor
Superior Steel
Texas Co
Texas & Pacific
Third Ave
Tran C
Tran & Wilms
U S
Utah
W.L. Douglas
United States
Stock Exchange
W. L. Douglas
Pierce Arrow
Stutz
General Motors
American Woolen
Central Leather
National Lead
Atlantic Gulf
United Fruit
Southern Pacific
Liberty
Also Mentioned on This Page
Financial Editor
Old American Tobacco
Standard Oil
Old Colony Trust Company
Temple Place
Down-Town
Court Street
Federal Reserve System
Bay State Branch
Boylston Street
St. Louis
San Francisco
Endicott-Johnson Common
Endicott
Gulf
Woolen
Imperial
Butte
Wilcox
Centennial
Thomas W. Lawson
Springfield
Massachusetts
Harris, Forbes & Co. Incorporated
Federal Street
The
Keith Shoe Financing
Geo. E. Keith
Lee, Higginson &Co
George B. Keith
Brockton
Keith
George E. Keith
Boston Stocks
A. F. Dow & CO
Investment Securities
State Street
Lowell Electric Light Corporation
Lowell
American Trading Company
American Trading Company of Massachusetts
Stoceholders
State St
Mass
Albert
Apley
State Street Trust Co
First National Bank
American Zing, Lead and Smelting Co
American Zinc, Lead & Smelting Company
W. Batchhelder
New Hampshire
Vermont
Connecticut
W.L. Douglas'shoe CO
Massachusetts Corporation
Actory
Brockton, Mass
A Shsheedee
Tada
W. I. Douglas
Europe
Asia
W. L. Douglas Shoe CO
W.L. Douglas Shoe CO
WY. L. Douglas Shoe Company
New York Market
United Verde Extension
Verde Mines and Milling
Boston News
M’adoo
Verde Mines & Milling
Boston Curb Exchange
United Verde
J. D. Lowe & CO
Bankers and Brokers
Fort Hill
Hecla
John E. Allen & CO
Devonshire Street
P. S
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