Steel stocks surge as Republic Iron leads gains in volatile market
Market reports show total stock sales in New York and Boston with strong steel sector activity. Republic Iron & Steel jumped near two points to a new all time high, while Bethlehem Steel advanced on shipbuilding strength. overall traders remain divided on price direction amid cautious optimism and potential short-covering.
MENTIONED IN THIS ARTICLE
Republic Iron & Steel
Crucible
Republic
Bethlehem Steel
Bethlehem
Parish & Bingham
Root
Gray & Davis
United States
Punta Alegre
Hendee Manufacturing
Texas Co
Som
Commission House Board Rooms
Wall Street
America
Market Outlook Mixed as Steel Shares Rally and Profits Rise
Market watchers note stubborn optimism despite bearish signals from steel strikes, Bolshevism fears, tight money, and weak foreign exchange. Texas Company plans a capital rise to 130 million, with rights to employees and holders. Bethlehem Steel and Republic Iron show improving earnings, while U S Steel reports solid first-half gains and debt repayment.
Bethlehem Steel and Corn Products see profits amid war toll
Bethlehem Steel reports bonded debt under 119 million with capital stock around 215 million and plans 20.9 million in new construction boosting capacity above 3 million tons yearly while ending munition production. Corn Products Refining Co eyes strong earnings despite Western plant strikes and a market buoyed by rising shares and crowded boardrooms.
MENTIONED IN THIS ARTICLE
Bethlehem Steel
Bethlehem
New York Stocks Surge Amid Positive Economic Signals
New York market shows continued rally as money eases and steel outlook improves. Pig iron and steel output rise to about 60 percent. major gains in Texas Company, Mexican and Pan-American Petroleum, General Motors, Baldwin Locomotive. Public prices push higher with many favorites like Sears Roebuck and Remington Typewriter advancing. total volume about 1.73 million shares.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Republic
Iran
Texas Company
Mexican
Pan-American Petroleums
General Motors
Baldwin Locomotive
Sinclair
Middle West
Sears-Roebuck
Remington Typewriter
Columbia Graphophone
Hide and Leather
Preferred
Burns Brothers
Liberty Group
United States
Money Markets Briefing on Call and Commercial Loans
Current prices show broker call loans at 6 percent. Brokers’ customers’ loans and commercial loans also listed at 6 percent with individual customer collateral at 6 percent. The excerpt reflects general rate stability in short term and collateralized financing.
MENTIONED IN THIS ARTICLE
Onuteide
New York Stocks Summary Amid Seasonal Trading
Trading mixed across rail and industrial issues led by Am Woolen and Atlantic Coast despite strong showing from Crucible Steel and Corn Prods. Investors watched durable goods names like Deering and Co pf and Erie for cues while Pennsylvan ia and NY Dock active in moderate volume.
MENTIONED IN THIS ARTICLE
Pacsk
Am Woolen
Writ P
Atlantic Coast
Atl Gf& WI
Balt & Ohio
Barrett Co Chi RI & Pac
Chi RI & P
Chiri
Col & Southern
Columbia Gas
Crucible Steel
Crucible
St'l
Cub Amig
Deere & Co Pf
del & Hudson
del Lack & W
den & Rio G
Fisk
Fed
M & Sm
Sieber
Minos Central
Inspiration
Interboro Con
Interboro C
Ag Chem
Int
Corp Pf
Ay Oe
Also Mentioned on This Page
Massachusetts
Logan Johnson
Hiram H. Logan
Logan Johnson, Ltd
New England
Nets
Messrs. Goodwin
Procter & Ballantine
Boyden & Steacie, Inc
Certified Public Accountants
E. S. Emerson & CO
State Street
Boston
Mass
Vienna
A. W. Lincoln & Co
Postoffice Square
Republic Steel
Hendee
U. S. Steel
Nat. Leather
Houston
Tex
Bethlehem’ Steel
United States Steel
Safe Deposit & Trust CO
Franklin
Arch and
Devonshire Streets
Corn Products Refining Co
Corn Products Refining Company
Financial Editor
Altham Watch
Gener. Motors
New York Market
Chicago Grain Market
Igh, Law
Tale Park
N. Y
Scc
Ealewer
Money Markets
Stanwood Rubber Company
Bolster & Company
Chamber of Commerce Bldg
New Haven, Conn
Third National Bank
Springfield, Mass
Nat Biscuit Pf
Pacific Develo
New York Dock
Pacific Gas
Pan Am P& T
Pennsylvania
Pere Marquette
Philadelphia Co
Y Dock
Nynh&h
Norfolk & Wes
Norfolk & Wes Ot
Pere Mar Pf
Mideasee
Pitts & WV
Pond Creek Cl
Pressed St
Pierce Arrow
Pierce Ar'w
Pierce Oil
Kan City
Kelly Tire
Apes Beens
Kennecott
Keystone Tire
Laclede Gas
Lee Tire
Lehigh Valley
Eee
Lo’ Ville & Nash
Midvale Steel Seeee
Pecan K&t “Ay
Fmouri Pacific
Missouri Pac
Mont Power
Mullins Body
Eee Ae
National Acme
Australia
New Zealand
Bank OF New South Wales
John Russell French
Fiji
Papua
New Guinea
London
George Street
Sydney
Threadneedle Street
Dafoe Eustice Co., Inc
Usius
W. L. Jarvis & Co
Burkburnett
Texas
Securities Exchange
Denver
Con. Stock Exchange
Exchange St
Boston Copper News
Livingston Oil
Livingston Oil Corporation
Livingston Refiners Corporation
C.D. Knorr Jr.a Co
Sivcer Bunpine
Tel. Cortlandt
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