Market Summary Reflects Divergent Moves in New York and Boston
Yesterday's dealings showed mail and industrial stocks rising on low priced issues in New York while metals, oils, steels and steel-related shares fell. Notable activity included New Haven and Boston Bigheart with varied gains, a sharp price readjustment across sectors, and bonds stabilizing amid a broader rotation.
Minority stockholders waive appeal on Boston and Maine bond issue
In Springfield on September 23 minority stockholders of the Boston and Maine Railroad waived appeal in the Supreme Court regarding the public utilities commission approved bond issue of 17 606 000 dollars after endorsing an agreement consolidating several railroads with the Boston and Maine The case was led in Suffolk county by Edward Ff Crown and Charles M Greene representing the minority stockholders.
MENTIONED IN THIS ARTICLE
Springfield
Boston & Maine Railroad
Supreme Court
Public Utilities Commission
Boston & Maine
Suffolk County
Edward Ff. Crown
Charles M. Greene
Money Market and Foreign Exchange Rates Report
Outside brokers quote eight percent for quick calls and loans while individual customer collateral loans run seven to eight percent. Commercial loans also seven to eight percent with eight percent for commercial paper. The Clearing House shows totals of 672 million 778 thousand 724 dollars with related figures. Foreign exchange lists demand and cable rates for sterling and other currencies with Swiss francs and guilders noted in varied quotations.
MENTIONED IN THIS ARTICLE
Quick Call
Tod Pe
Ailit
Ahle
Sterli
Bears Strike in Market as Industrials Lead Declines
Bears attacked the market yesterday boosted by adverse industrial developments. Industrials faced forced selling while rails receded modestly but recovered as pressure eased. New Haven and Paul issues rallied late, with Liberty bonds showing strength. Analysts note careful buying for control purposes and warn on intrinsic value versus rival low priced stocks.
MENTIONED IN THIS ARTICLE
New Haven
Paul
Atchison
Southern Pacific
Dollar Disquiet Turns to Discount Catalysts
As prices rise and the dollar loses value, investment incomes fail to cover living costs while security values fall. Prospects hint the dollar may regain much of its former value. Sears Roebuck and Montgomery Ward & Co. reportedly issue new catalogs with 10 to 20 percent price cuts, mirroring wholesale declines in retail pricing.
MENTIONED IN THIS ARTICLE
Bethlehem Steel Corporation
Chile
Marine Trust
Ore Steamship Company
Bethlehem Steel
Sears Roebuck and
Montgomery Ward & Co
Also Mentioned on This Page
Hotel Fort Montagu
Nassau Hotel and Steamship Company, Ltd
Waterloo
Nassau
N. P
Bahamas
Miami
Jacksonville
Isle of Dreams
The
the Nassau Hotel and Steamship Co., Ltd
Cleveland
Toronto
Kirby Ridg
New York
W. 43Rd Se
Bears Hammer Industrial Stocks
Boston
Bigheart
St. Paul
Chicago & Alton
St. Louis
United States
Pond Creek
Amoskeag
American Telephone
Carson Hill
Chile Copper Company
Kennecott
American Zinc
American Zinc, Lead & Smelting Company
Columbus
New York, New Haven & Hartford Railroad
Rhode Island Company
Rhode Island
Sherman Ants-Trust
Fisk Rubber
Chicopee Falls
Fisk
American Sugar Refining Company
Jersey City
Franklin
Philadelphia
Atlantic
Edity May
Commerce Commission
New England
Tidewater
Hampton Roads
Massachusetts Gas Companies
Bethlehem Steel Company
lIt
Gulf State Steel Company
Columbia Graphophone Manufacturing Company
New York Stock Exchange
National Shawmut Bank
Mohawk Mining Company
Doillar
A. W. Lincoln & CO
Post Office Square
B.P
Whitney &8 Elwell
State Street
Mass
D. E
Richardson, Hill & Co
Bangor
Congress Street
Portland
Chicago
American Shipbuilding Company
Emma
Butte Copper & Zinc Company
Roland W. Boyden
Beverly
Brussels
Houston
King Philip Cotton Mills
Davis-Daly
Hibernia
North Butte
C. L. Hayden & Co
Milk St
Money Market
G. F. Redmond & CO
Fort Hill
Financial Editor
National Chain Motor Service Corporation
E. Coast Fisheries Ptd
V. T. Com
Northway Motors
U. S. Worsted Common Mass. Breweries
Fidelity Capital Corp
Simbroco Stone Guaranty Sec. Corp
D. W. Griffith, Inc
H. C. Gibbs & Co
Gallagher & Co., Inc
State St
Federal Trust’co
Devonshire and Water Sts
National Oil Company
William W. Cohen & Co
N. Y. Stock Exchange
N. Y. Cotton Exchange
Chicago Board of Trade
Exchange Place
New York City
da CP
Dessisteaus
Dyer Company
Detai Roy J. Foster & Co., Inc
New England Investments
Gallagher & Co., Inc. Investment Securities
Market Review
E. M. Fuller & Co. Consolidated Pea of
N.Y
Pra
New York Newark
H. W. Reeves & Co
Tel
Middle States
Our
G. T. Boges & CO
Stock Exchange
Broadway
Island Creek Coal Company
F. W. Batchelder
Island Creek Coal Comma
Pond Creek Coal Company
Yr. W. Batchp.der
Arlington Mills
Eingland Trust Company
Albert H, Chamberlain
American Zinc, Lead and Smelting Co
American Zinc, Lea & Smelting Company
Woot
F. W. Baychelder