Million share days spark debate on market volume and tops
The article analyzes Wall Street's million share days, noting volume highs often precede peaks and dull periods follow big declines. It recalls 1901 distribution signals, matched orders, and wash sales, linking vast turnover to market tops and subsequent downturns.
Record volumes and prices chart from 1901 to 1916 stock market
The excerpt traces stock market swings from 1901 through 1916, detailing annual share volume, rail and industrial price averages, notable bull markets and panics, peak volumes in 1906, 1909, and 1915 16, and the impact of war on trading patterns with emphasis on million share days and money conditions.
MENTIONED IN THIS ARTICLE
Wall Street
Financial District
Financial notes from the era reveal varied corporate moves
The Rock Island receiver seeks court authority to cover all mortgage obligations and to deposit 100000 with Speyer & Co. to meet interest on first refunding bonds. Saxon Motor Car shows 1 816 273 dollars in net earnings for the year. S S Kresge reports August sales of 2 009 278 dollars and eight month sales of 15 501 569 dollars. A 10 million dollar gold shipment arrived from Canada for J P Morgan Co. The International Agricultural Corp is poised to post over 2 million in operating profits. Interborough Rapid Transit earned 26.15 percent this year. Westinghouse Electric has 35 million in orders. Mojave Tungsten closes contracts with Midvale and Armstrong Whitworth Canada.
MENTIONED IN THIS ARTICLE
Rock Island
Federal District Court of
Chicago
Speyer & Co
Germany
Holland
Saxon Motor Car Corporation
Irregular Stock Prices Reported in New York and Boston
Stock totals show New York at 1 064 970 shares traded and Boston at 32 929. Most active issues include Steel in New York with 149 600 shares and American Zinc in Boston with 2 655. From Jan 1 1916 to date New York trades total 116 619 603 shares and Boston 8 131 072. Compared with last year New York 103 838 800 shares and Boston 7 995 536. Notable gains include Vulcan Detining in New York rising 6 to 261 2 and General Electric in Boston up 2 to 174 while Bethlehem Steel in New York fell to 559 and Maine Central in Boston fell to 98.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
American Zinc
Vulcan Detiining, Ptd
Bethlehem Steel
General Electric
Maine Central
New York Market Sees 1 Million Shares Traded Again
Today's New York market shows heavy activity with 1.07 million shares traded. United States Steel advances to 109, near its fixed 7 percent preferred, which rises to 121 for its best level since 1911. Other issues move variably with gains in General Electric and Westinghouse while shipping shares slide.
MENTIONED IN THIS ARTICLE
New York
United States Steel
General Electric
Westinghouse
Bond Market Mixed as Coupons Slip on Sales
The report notes total sales at par value reaching $4,875,000 while United States bonds held steady on call but coupons fell by 1 to 2 percent on overall sales.
MENTIONED IN THIS ARTICLE
Sive
United States
Boston Market Sees Dull Trading Amid Mixed Industrials
Boston market today showed irregular activity with 32 000 shares traded, far below New York turnover. Copper stocks lag while steel touched a new high briefly. United States Smelting weakened amid dividend doubts, while American Agricultural Chemical raises its dividend to 5 percent.
MENTIONED IN THIS ARTICLE
Texas Company
Associated Oil
California Petroleums
Boston
New York
United States
American Agricultural Chemical
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St
Foreign Exchange
Letters of Credit
Baring Brothers & Co., Ltd
London
Steel Corporation
Stock Exchange
Our
The-Groum
Ite
Devonshire Street
Fort Hill
Tony
Philadelphia
Pittsburgh
Treasury
Albert Sutcliffe
Island Creek Coal Company
F. W. Batchelder
RE. W. Batchelder
Massachusetts Lighting Companies
George F. Howland
United Fruit Company
John W. Damon
NEW England Telephone and Telegraph Company
Francis A. Houston
Jerome
Bonanza
Calumet & Jerome
Frank J. Smith
Congress ST
Mass
Tel. Main
G. W. Field & CO
Stocks and Bonds
Hite
Portland Cement Association
Park Avenue
Wadsworth, Howland & Co
Ruary
Financial News Notes
S. S. Kresge Company
Canada
Philadelphia Mint
J. P. Morgan & Co
International Agricultural Corporation
Interborough Rapid Transit
Westinghouse Electric
Mojave
Crystal
John E. Allen & CO
CK Brok
Armord
la of Ma
Washington Street
U. S
Crucible
New York Market
Butte Co
Canada Pevcrece
Goldfield C. Tee Enee Ao Io
Chevrolet
Gaston W & W
Gen Motors
Midvale
St Jos
UN Motors
L& Ht En
Cosden Oil
Ceee Reese
Sess Weesvace
Savas Bvenee Jane
Ehewes
Wees Eeesens
Emerson
Emerson Common
Emerson Motors Company
Hupp
America
Emerson Motors Co
Willis Gee
Jr. A. Campbell
Imperial Automobile Company
RK. C. Hupp
The
Hupp Motor Co
Automobile Engineer
International Repute
George N. Campbell
Imperial Automobile Co
M. L. Shanks
Monarch Motor Car Company
Detroit
Mich
J. AL. Sullivan
George B. Gifford
Standard Oil Co
Broadway
N. Y
Jesse K. Leonard
Columbia National Bank
Pittsboro
Charles A. Towne
Minnesota
Towne & Spellman
Ames HH. Stephens
East 42d Street
New York City
Emerson Motors Co., Inc
Emerson Motors
Boylston St
Robert P. Matches & Co., Inc
C. R. Berry & Co., Inc
Newport Bldg
Mase
B. P
Crry
American Audit Company
C. R. Berry & Co