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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Dec 30, 1920

Page

4

Stocks Display Broad Rally As Rail Shares Lead

Broad market recovery lifts rail stocks and many industrials by 1 to 3 points. Northern Pacific and others top gainers with strong buying after liquidating pressure eases. U S Steel rises over a point as cotton and foreign exchanges firm and money markets show ample liquidity.

Tribune Southern Pacific Union Pacific York Central Rock Island Reading Kansas City Southern New Haven Atchison Atlantic Gulf and West Indies Crucible Steel United States Steel Treasury

Wall Street Notes and Foreign Exchange Snapshot

The report outlines call money at 7 percent, government withdrawals of 7 million dollars with 45 million planned for the week, and bank clearings in New York at 797,128,522 dollars. It also lists international exchange rates, including sterling, francs, lire, marks, and other currencies, plus stock quotes and industry names across the trading day.

Bank Clearings Bank Clearings New York

Morgan Partners Whit and New Year Changes

Morgan & Co will add no new partners at the start of the year, with only minor changes expected. Bond market losses ease as tax exempt issues surge in January, with estimated new offerings between 80 and 100 million dollars. Public utilities face large maturities in 1921, including notes from Interborough Rapid Transit and Brooklyn Rapid Transit. Gary denies coal land purchase by US Steel in Greene County, while Columbia Gas forecasts an extra dividend of 14 cents per share for common stock upcoming mid January.

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Also Mentioned on This Page

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