Stock Market Edges Irregular on Rising Call Money and Copper Dividend Cut
The market showed uneven moves amid a rise in call money to 14 percent the highest since April and Inspiration Copper cutting its dividend. Stocks overall remained lethargic with early strength fading into a dull session. Copper producers and steel shares faced reduced demand and several swing stocks such as United States Industrial Alcohol United Retail Stores Chandler Motors and Virginia Carolina Chemical showed notable moves. Baldwin Locomotive stayed firm while deal activity in Steel common remained light.
MENTIONED IN THIS ARTICLE
Copnor
United States Industrial Alcohol
United Retail Stores
Chandler Motors
Chemical
Virginia-Carolina
Baldwin Locomotive
Money and Credit Dearth of call money signals strain on banks
The dearth of call money offerings yesterday showed strain from June 15 tax payments and planned interest and dividend disbursements. The call rate rose to 14 percent, the highest since April, while time money remained dull and offerings restricted across maturities and collateral types.
MENTIONED IN THIS ARTICLE
New York
Iver
London
New Yorke
ub-Treasury
United States
We Credit
Canadian Exchange
Montreal
Car and Foundry Earnings in 1919 Show Small Drop
The American Car and Foundry Company reports for the year ended April 30, 1920 a surplus of 8,301,192 after charges and Federal taxes, equating to 27.67 a share on 30,000 common stock, down from 9,471,515 or 34.2 a share the prior year. Profits after tax fell by 2,500,607, with a 4,701,192 balance after common dividends of 3,000,000. Maternity on hand dropped to 16,007,108 from 48,276,398, while common dividend reserves rose to 10,800,000. Improvements reserve fell to 3,085,011 from 4,101,907. President Woodin notes progress with Railroad Administration settlements and substantial plant gains from acquiring land for the Chicago mint site, as railroads face large financing needs and potential government aid.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
W. H. Woodin
Railroad
Chicago Mint
Congress
Stock Exchange
New York Tribune Inc
Tigh
Tow
Lowe Close
Chge
Ask
Ajax Rubber
Bly
Superior Steel
Alaska Joneau
Texas Company
Allis-Chalmers
Ar Fisa
Amer Bank
Nexas & Pacific
Tex Pac Coal & Oil
Amer Hank Note
Tide Water Oil i
Amer Beet Sugar
Tohatca
Amer Hosch Mag
Amer Bi
Underwood Tepe Co
Car & Way T
Union Bug & Paper
Amer Drag
Union Oil
Amer Express
Union Pacific
Amer Hide & Leath
Amer Ise Secur
Union Pacific Pr
United Drug
Int'l Corp
Invest
Ship & Com
Ind Alcohol i
US Realty & Impt
United
Sumatra
Utah
Telex & Tel
Vanadium Steel
Vobacco
Wabash
Wells Farga Expresa
Assn Dre. Gonds
West Maryland
Westinghouse
Galt & Wol
Mla Wheeling & LE A
Beth Motors
Bilsa Rap Tran
Booth Pinheries
Burns Bros
Brunswick Bie
Cop & Zinc Ou
California
Lifornia Petrol
Canadian Pacific
Toeag
Chandler Matoi
Mil & St
West
Che Rs& P
Chile
Ea Cola
Columbia Graph A
Eure
Coe
Endicoll-Johnson
Be' Bay
Erie
Ila Erie
Seto Freeport
Texas
General Motors
Gen Motors
Goodrich
Grey Divis
Great Northern
Tnspirion
Inter Harvester
Inter Marventer
Mer Marine
Met Marine
Motor
Sc Roly
Mat Truck
Inter Paper
Inter Paner
Inter Ihelano
Loews, Inc
Louis & N. R
Manhattan Ley
Mahattan
Miami
Consol
Midvale Steel
Cloak & Suit
Nat Enamel & Sto Bn
New York Air I
New York Central
Norfolk & Western
Pacific
U Thy
Nova Scotia Steel
Ohio Gas
AD Gms
Okla Prod & Tief Paic Develop
Uly Lo Stokholdens
Pacian & Elec i
Aleard Sunn
Pacific Mall
American Shipbuilding i
Parkh & Bingham
Austin
Alg
Fenngylvania Rail
Mtrailiviti
Eflan Motor Compans
Bleven Oil
Sila P
Tinea
Ditian
Janmteeriy
Pitts & Wey
Oi Ag
Portman Palace
Fee
Aly
Shell Trnna i
Montony
Neliny Oil
Shang
Bland Qi
Mair
Stewart Varney
Bleel & Vube
Olyetins
Nat Hani
Villa Corp. Vt
Dividend Declarations From Several Companies
The report lists multiple firms issuing dividends or extra dividends. Abit Pulp Paper Company announces an initial 4260 normal share payout for July with special nominal values. American Serese Company declares an extra dividend and a regular quarterly dividend of 1% per share. Chemical Company reports a dividend at the net price with additional quarterly payout and per share values.
MENTIONED IN THIS ARTICLE
Aniuint Abit Pulp Paper Company
Athokhulanrs
Uly Axtra
Southern Pacific Posts Higher Federal Returns in 1919 Report
The Southern Pacific Company announced in its eighty eight page annual report that 1919 gross income reached 41,049,427, a rise of 875,046 from 1918, with operating profits of 48,199,718 under federal control and a net federal income of 4,834,385. The report notes a surplus after charges of 1,047,284 and a per share earning of 10.45 on 302,024,908 shares, while the fuel oil department saw increased sales and prices.
MENTIONED IN THIS ARTICLE
Southern Pacific Company
California Fuel Oil Department
Fedral Administration
Fuel Oil Department
Julius Kruttschatt
Southern Tacittc
Kruttechnitt
Pacife Lineara
Els
Baldwin Directors Elect Baliwin Locomotive Board
At yesterday's meeting Baldwin Directors elected Thomas Gates of Drexel & Co to the board and to the vacation committee succeeding the late Arthur B. Newbold. A finance committee was created with Thomas S. Gar as chairman, Sidney P. Tyler and Arthur Hall, and President Vauclain. the committee reports to the executive committee. No action was taken on filing the remuneration of the chairman.
MENTIONED IN THIS ARTICLE
Baliwin
Thomas
Gates
Drexel & Co
Arthur B. Newbold
Gar
Sidney P. Tyler
Arthur Hall
Vauelain
Mi Uney
Paris Market Closes Higher on French Bourse
Paris reports stronger prices on the Bourse with gains across issues. Five per cent loan rises to 88 francs 40 centimes while the franc and exchange rates show the dollar at 11 francs 97 centimes. Foriegn exchange and per cent rente movements are noted.
MENTIONED IN THIS ARTICLE
France
Erling
Belgium
Brs
Ewies
Sweden
Denmark
Orwayy Cher
Sareny
Greece
Manila
India
Argentina
Brazil
Rio
Paris
London
Wall Street Rumors Sparked Trading Frenzy
A City Stock Exchange scene followed rumors of federal investigations into Wall Street oil firms and brokers. Initial indictments touched many names, but none of the leading firms or famous investors were charged, signaling only an opening move with the rumors wavering.
MENTIONED IN THIS ARTICLE
Federal
Wall Street
Stock Exchange
Wall Stre
N and
American Car and Foundry shows reserves for 12 percent stock
The annual report reveals a reserve of 10,500,600 set aside to insure 12 percent common stock payments over three years, with prior reserves shown for 1919 1918 and 1917. The balance sheet also notes materials on hand at 15,007,108 reflecting a drop since April 3, 1919.
MENTIONED IN THIS ARTICLE
America Car and Foundry Company
Clar
Copper Dividend Cuts Hit Cananea and Greene Stocks
Copper dividend cuts for Inspection Gopper and Greene Cananea barely move prices. Greene Cananea rose to $0, a point above Wednesday, while a loss of Nisif a point was recorded for another stock. Market mood remains cautious as traders doubt sustained easy money and expect scarce time money in Wall Street.
MENTIONED IN THIS ARTICLE
Gopper
Greenestanea
Greene Cananea
Nisif
Wall Street
London Money Market Update on Electric Wire Production
Five Japanese firms in the London money market report 50 percent Japanese involvement in electric wire and cord production. They deny a joint statement about completing preparations for insulated wire and cords to meet October official standards. The old type wire and cords will be discontinued.
MENTIONED IN THIS ARTICLE
London
Lisbon
Japan
Also Mentioned on This Page
Hershey Chocolate Corporation
Pennsylvania
Cuba
National City Company
Mary Orion
National City Bank
Uptown
Omer
Fitin
Omere
Jelke, Hoop & Bolles
Honsevelt & Son
Pine Street
George H. Burr & Co. Avortinere Recurition
Equitable Bldg
Farson,Sona Co
Broadway
Harris
Forbes & Co
Fine Street
Corner Willls
P. C
Money and Credit
Bank of England
Bank of Eng
Nana
Neten
Welton
Lee Aron
Bank of France
Phe
Bank of
Atate
Car & Foundry
Cermans Aroun Chemical Company
Southern Pacific
U.S
Baldwin Directors
Mate Teniting Co
Ichada
Nui Wellman-S M
Wilt & Taw
American Car and Foundry
United Retail Stores Corporation
United Cigar Store Company
Samuel M. Vanelain
Baldwin Locomotive Works
Carolina Chemical Extra
Virginia-Carolina Chemical
Great Britain
Huginna
New York City
New York Title & Mortgage Company
Montague Bt
Iron Bridge
Waa i Gey
the Marine Trust Company
Buffalo
SIMMS
Momer
H. D. Robbins
Harriman National Bank
Fifth Avenue
Forty-fourth St
Investment Securities
Exchange Place
Nw York
Bankers Trust Co
Irving National Bank
Right National Park Bank
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