Profit taking checks bullish activity on exchange totals
Total sales in New York 433 500 shares and Boston 36 811 shares with Read ing 69 600 in New York and North Butté 4725 in Boston led activity. Year to date New York 90 994 400 and Boston 8 569 040 shares. last year New York 79 316 500 and Boston 4 384 024. Bethlehem Steel pref gained, Wolverine and Calumet & Hecla listed among top movers. Call money 5 percent in New York and Boston. time money 1 2 to 5 3 4 percent in New York and 3 1 4 to 6 percent in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
North Butté
Bethlehem Steel Pref
Lorillard Co
Calumet & Hecla
Wolverine
Treasury official visits New York amid market drift
In New York City the Treasury Department representative drew banker attention as talks on a potential money stringency took shape. The stock market opened mixed with gains in many issues, but heavy selling erased much of the advance by afternoon while steel shares faced pressure and rail rail orders were anticipated. Bond activity softened after an early rise as stocks fell back.
MENTIONED IN THIS ARTICLE
New York
Treasury Department
Treasury
MacVeagh
Reading
U. S. Steel
U.S
Local Market Shows Strength in Copper Shares
Trading stayed moderately active with broadening interest as North Butte reached a new yearly high above 25 and Isle Royale gained on earnings. Inspiration Consolidated continues to rise with copper prices, though the stock remains near 1958 after the merger. A Smokey Development telegram notes a 404 foot tunnel with commercial ore showing progress.
MENTIONED IN THIS ARTICLE
New York
North Butte
Isle Royale
New Inspiration Consolidated
Old Inspiration
Live Oak Companies
Bingham Camp
Bingham District
Smokey Development Company
Goa
Market Curbs Show Mixed Copper Gold Moves
Boston curb today notes Corbin Copper slipping to 40 cents while Majestic holds near 50 cents and Alaska Gold displays broad strength. Detailed fluctuation data for each issue is provided in the accompanying table.
MENTIONED IN THIS ARTICLE
Corbin
Majestic
Alaska
Cotton Markets Marked By Firm Undertone On Strong Liverpool
Cotton markets showed irregular movement with a firmer undertone as Liverpool strength supported U S prices. Buyers projected cold snaps in Texas and Oklahoma though temps should stay above 50 making maturity unlikely. heavy volume persists with liberal interior demand and ongoing worm damage complaints across Georgia Arkansas and Texas.
MENTIONED IN THIS ARTICLE
Liverpool
Texas
Oklahoma
Arkansas
Georgia
State Street Topics and Market Movements Across Sectors
Article surveys a broad market day with wide trading as specialists resume activity in many sectors. It notes notable gains for Bethlehem Steel United States Rubber and mixed results for major leaders while addressing New York Central financing and a planned McCrum Howell reform. It highlights copper strikes labor turmoil and transportation bottlenecks impacting finance and ore shipments.
MENTIONED IN THIS ARTICLE
Bethlehem Steel
United States Rubber
Steel
Reading
Union Pacific
Amalgamated
Steel Firms Boost Wages and Orders in 1920s Era Notes
The Eastern Steel Company increases wages by 15 percent for all rolling mill workers and plans raises for about 150 staff, with $2 to $25 monthly boosts and department bonuses for higher output. William H. Jennings is elected president of Wampanoag Mills, joining director Melvin B. Horton after the death of George H. Eddy. Western Electric reports rising business with unfilled orders at $10,000,000 as of Sept 10, and Delaware, Lackawanna & Western Railroad seeks 22,000 tons of rails from Lackawanna Steel, all signaling broader industrial improvement. Calaveras Copper states its mill is operating normally.
MENTIONED IN THIS ARTICLE
Eastern Steel Company
Fall River
William H. Jennings
Melvin B. Horton
Wampanoag Mills
George H. Eddy
Jennings
Western Electric Company
Delaware, Lackawanna & Western Railroad
Lackawanna Steel Company
Rochester City notes and railroad certificates move in market
City Controller Osborne awards 200 000 four months local improvement to Moran 5 pct interest 100 000 four months water works to Chisholm Chapman 5.25 pct plus 5 premium 164 000 four months local improvement to Anstey 5.70 pct plus 6 premium Kuhn Loeb sells 3 310 000 5 pct equipment certificates of Chicago & Eastern Illinois Railroad due in 10 years in semiannual installments No bids for 332 000 school and 150 000 water 4 12 pct bonds Jersey City bonds of 11 250 000 for San Antonio Rockport Mexican railroad reported sold in London Alexander Brown & Sons sells 400 000 Danville Traction & Power 5 pct bonds at par and interest.
MENTIONED IN THIS ARTICLE
Osborne
Rochester
N. Y
Daniel A. Moran & Co
Chisholm & Chapman
H. Lee Anstey
Jersey City
N. J
San Antonio
Rockport & Mexican Railroad
London
Rockport
Brownsville
Alexander Brown & Sons
Danville
Stock Exchange
Fisinke
S& W
Nyc
West & B
Nort Peese
Am Cot Oil
North Pacific Beees
Anewee Naes
Tae
Pacific& T Bs
Ae Eneak Armour & Co Real Eseaee
Penn Cn
Penn
Atl Coast Line
Erie
Balt & O
Pitts Erie
Seetee Erie
Erie Pa Coal
Bkl
Sone Indiana Steel
JPM & Co
Cal Gas & Elec
Canada
San A & A P
Met
Intbo
St Pump
Union
Union Pac
Wegen
Seweee & N-At
Knox
Grain Market Updates Show Mixed Price Moves Across Commodities
Shorts covered across corn and September futures with gains led by corn as frost in Iowa and the Dakotas spurred bullish bets. December and May wheat futures rose while September dipped. Oats posted small gains in September December and May with an overall firmer closing tone in all grains.
MENTIONED IN THIS ARTICLE
Iowa
Dakotas
Patten
Money Market Conditions Show Steady Demand And Firm Rates
Money markets remain firm with moderate demand for call and time funds. Leading bankers expect a period of firmness for weeks. New York call money at 5 percent. time funds 2 1/2 to 3 1/2 percent for various short terms. Local rates and exchange quotations listed for New York and Boston with totals for clearings and balances.
MENTIONED IN THIS ARTICLE
New York
Ceenee
Boston
Cececceeses Bankers
Sterling
Cese.s
Eeceeesecs
Byawob
Bain
Reichsmarks Ee Eeereseerenee
Bond market activity lifts New York steady on mid September
The New York bond market shows sustained activity with Du Pont Powder 44s pushing to new highs. Inter Metropolitan 4s, Louisville & Nashville 4s, and New York City 44s also advance amid mixed issuer notes and a year‑to‑date total of 2.38 million dollars in yesterday’s trading versus 601.93 million the prior year.
MENTIONED IN THIS ARTICLE
du Pont
Louisville & Nashville
New York City
Quarterly dividends and records for listed companies
A sequence of regular quarterly dividends is announced with payable dates and record dates for numerous firms including Island Creek Coal Co Reading Co Detroit Edison Co Procter & Gamble Co American Shipbuilding Co and Kansas City Southern Railway. Books close Sept 21 to Oct 16.
MENTIONED IN THIS ARTICLE
Island Creek Coal Co
Philadelphia Co
Reading Co
Manning, Maxwell & Moore Co
Tecumseh Mills
Cornell Mills
Assets Realization Co
Electric Storage Battery Co
Reo- Detroit Edison Co
East Michigan Edison Co
Fleischmann Co
Procter & Gamble Co
Brunswick-Balke-Collender Co
Standard Trust Co
American Shipbuilding Co
Washington, Baltimore & Annapolis Electric Railway Co
Kansas City Southern Railway
Island Creek Coal Company
Oero
F. W. Batcheloe
Island Creek Coal Comm
FP. W. Batchelder
Metal markets rise on tin and copper at New York exchange
Tin advanced in New York trading while copper edged higher in the asked price. Lead remained firm with a small gain as electrolytic copper prices listed with modest shifts, and London quotations showed copper and tin firm with gains on futures and spot sales.
MENTIONED IN THIS ARTICLE
London
New York Metal Exchange
Standard Copper
Cookson’s
Calendar for Today Dividends and Meetings Noted
Dividend due notes include Norfolk and Western Ex-dividend General Chemical Westinghouse Air Brake. Books close Atchison Topeka and Santa Fe for meeting Books open Cuba R A for meeting Guggenheim Exploration for dividend ChicagoIndiana Louisville for meeting Union Traction Philadelphia for meeting Meetings American Russian Duluth South Shore Atlantic Philadelphia Rapid Transit Tri City Ry and LightProceed reading lists of companies and scheduled financial actions.
MENTIONED IN THIS ARTICLE
American Rus
Duluth
Shore & Atlantic
Phila
Rapid Transit
Tri-City Ry. & Light
Grand Trunk Pacific Directors Reelect Officers in Montreal
At the adjourned annual meeting in Montreal the present officers were reelected. Two new directors, Sir Felix Schuster and Sir Henry White, were added to the board along with existing members.
MENTIONED IN THIS ARTICLE
Montreal
Grand Trunk Pacific Railway
Felix Schuster
Henry White
Brewers Hear Bert Ball On Farm Wastage Losses
Bert Ball of Chicago told delegates of the United States Brewers Association and guests that one million dollars a year is lost to every grain growing county in the U S due to inefficiency of American farmers during a noon meeting.
MENTIONED IN THIS ARTICLE
United States
Bert Ball
Chicago
United States Brewers’ Association
Grain expert urges outreach to boost county yields
Mr Ball, grain expert, tells Brewers' Association luncheon in Boston his plan to raise county grain averages by reaching unsuccessful farmers through county improvement boards and school programs. He cites a $1,000,000 working fund and growing federal state and local support, with Brewers' Association as ally. The Boston conven tion opens with greetings from officials as 400 delegates register.
MENTIONED IN THIS ARTICLE
Ball
H. l. Pierce Hall
Trinity Place
Brewers’ Association
Copley Plaza Hotel
Boston
Chamber of Commerce
Copley Plaza
Copley Plaza Ballroom
Marguerite by Penrhyn Stanlaws in Sunday Post
The Post previews another Mas terpiece of American Illustrators titled Marguerite by Penrhyn Stanlaws set for next Sunday. The feature promises the artist's distinctive illustrations and period style to intrigue readers.
MENTIONED IN THIS ARTICLE
Marguerite
Penrhyn Stanlaws
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Rubber
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Citi
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Ene
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Atchison, Topeka & Santa Fe
Mtg
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R. A
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Foss
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Boston Chamber of Commerce
Jacob Ruppert
Association
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Jacob Ruppert, Jr
George Ruppert
Brooklyn
B. A. Faust
St. Louis
George Ehret, Jr
Chris Feigenspan
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Charles Warner
Fred Wurtz
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George Gillig
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Antone
Adolph Huffell
Louis Schaum
George R. Allen
H. A. Maynard
Joseph Dawson
B. T. Schelley
August Stiegler
William T. Ruhlig
Pierce
J. Lainson Wills
International Brewers’ Association
Gulf, Florida & Alabama
the Securities Corporation
Sears Building
Megargel & CO
American Zinc, Lead & Smelting Co
American Zinc, Lead and Smelting Company
B. Farwell
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