Markets End Mixed Amid Bear Pressure On Rail Stocks
A Washington Pont report from New York on April 24 describes a choppy session with uneven gains and losses. Southern Pacific fell after a weak earnings report while Southern Railway rose on expected profits, and Northern Pacific and Great Northern saw declines. Industrials followed the market's caution with mixed results, and United Fruits moved higher amid renewed foreign exchange weakness. Call money dipped to 3.25 percent in the afternoon as traders weighed nervous bear positions and profit-taking.
MENTIONED IN THIS ARTICLE
Warahington Pont
New York
Southern Pacific Railroad
Southern Railway
Northern
Great Northern
Union
Wall Street Gossip From New York April 24 1924
Wall Street coverage reports Hebblehem Steel first quarter earnings at 10.549 million the strongest since mid 1923 though foreseen recession in current quarter. Norfolk and Western March net income 1.6549 million up from January and February. Swift International Packing announces 90 cents gold per share semiannual dividend. Argentina cattle liquidation nears end with producers recognizing economic causes. Continental Europe sales surging with yearly total exceeding 80 billion. American Locomotive lands 100 locomotive order from Chesapeake and Ohio valued near 7 million. Southern Pacific first quarter gross earnings reach 34.0 million with operating income down to 2.789 million in March. Market mechanics note loaned issues peak at 82 on floor and waning rates.
MENTIONED IN THIS ARTICLE
New York
Hebhlehem Steel Corporation
Eugene G. Grace
Swift International Packing Company
Edward F. Awift
Argentina
Europe
Baltimore Securities
Baltimore
City Stocce
Maryland
Ch'ge
Manhat
Ry. Gtd
Bay Bam
Calvert Bank
Ry. Mod
Gtd
Ad Dr. & Mech. Natl
Allis Chalm
Mer. Nat
Ag. Chem
Maracaibo
Mer. Nat. Bank
Nat
Balto
R. Pf. Pf
Cen
Bk. of
Marland Oil
Marlin Rockwell
Park Bank Oy
Drug Syn
Am. & FP. CIA
Hide & Leath Imi
Max. Motor, A
Baltimore Trust Iy
Hid & Leath
Max. Motor, Il i Cent. Trust Co
May Dept. St
Etia
Nt Corp
Union Trust
Loco
Ctia
Central Fire Inc
Miami
Maryland Mo
Sal
Mid
Smelt. Ship & Cmee
Minn
St. Louis
Fidel. and Casale, Co
Fidelity & Deposit Am
T. Pk
Ammerdam
Com. Credte
Munsingwear
xRin. & Gl ‘Guar
Biscuit
Dairy Pr
Almery. Com
Arnold Gongtable
Ry Finance Trust
Finance Co
N. Lam
Mfrs
Inid Ye Mira, Finance Co
Atchison Pf
Conn
Ga. Bou
Fla
Atl G
W. I
Aenia
Ga. Sou
Refin
Macon
Baldwin Laco
Ito
Bt. L
Say B.& A . HL Ry
Balt
Or. & Weat
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Eden
Nor
Amer
Agit Ee
Nor. Amer
G. L. & P. Ristie
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Nor. Pacific
Ee Boss
Okia
Ontario
Cop. & Zinc
Orph'm
Pew
Cal
Calif
Packard Motor
Gasey L.& P
Packard
Wm Ag
Pan Am
Cerro de Pasco
Par
Bing
Chandler Motor
Penn. FR
Tri
Penn Sea
Falr. & Clark
Chi. & Alton
Penney
Lake Roland EL
Pere Marg
Lexington R
Chi
Alton
Pr Enat
AL. Gay Bay
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AL Phila, Oe
Western Agi Phila
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Philip
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Uni Rya. & el. Co. Ine
Ryg. && EL Co. Td
Uni. Rys. & el. Co
Chile
Tel. Ae
Uni. Rya & Eloc
Chino
Pitts
Ciuett Ponbo
Car” Ae
Ite American Wholesale
Ian Coca Cola
Sa Arundel (the) Corp
Colorado Fuel & Iron
Aay
N. Hae A
Arundel (the) Corn
Col. & Son
Pullman Co
Baltimore Tube
Colum. G
Baltimore Brick St Bs
Central Terasa
Com
Teresa, Siar Pt
Congeleum Co
I. Benesch & Sons
al Reynolds Spring
Rolling Mills
Inaur
Royal Dutch & A
Ga Bau
Wei Wem
Motors
St. Jos
W. Ag
F. Pf
West, Ma
Cosden
Crucible Eel
Baie Bt. L. & Bw. Pf
Houston Oil Pf. v. T. Dtts
Cuba
Savage Arms
sEndiahome
BRA Schulte Retail
Pittsburgh
Cuban Am
Cuban Am. Sug. Pf
Boone W. Mil
Seneca Cop
du P. de Nem
East Kodak
Skelly Os
Eaton Axle
ALL
Canada
Water & Power
Stor
Pac
Elec
Endi
John
Erie
Porta Ri
Erie Let Pf
Spicer Mfg
Rys
Elec. Co
Erie Pla
Aim
Ol Cal
Mt. Vernon Milla Ptd
Fam. cLask
Aris
al Aay A. & BP
Fifth Ave. Bus
Eho
Wee Il
U. & Fidelity & Guaranty
Flaher
Warner Ets
Strom
Con. G. BL. & PL
Fisk
Studebaker
U. S. Fidelity & Guarant
Fleischmann Ci
Boat
Foundation
Freep't
Texas
Sweeta Co
Tenn. Cop. A Ch. Anid. Rys
Texas Co
Mfra
Texas Gulf
Texas & Fac
Isaac Benesth
Tex. Pac. C. Gt
New Amaterdam Casualty
Con
General Pet
Tide Water
Ntd
Rys. & Sree. Co
Pta
Wee Gimbel Bros
Timken Boh
Con. G. EL
Goldwyn Pict
Goodrich
Aeg
Natl
Bank of Baltimore
Big
Union Bag
Goodyear T. & Tt
Tnlon Pac
Pigtelephone
Gray & Davis
Great Nor. Pf
United Fruit United
Greene
United Rr
Balto, Com. Bank
Guantan. Sug
United Id
TAY Ris
Arundel Corp. Gulf Btat. Sd
BI U. F. Pf. A Bs
Ton. le P
Hayes Wheel
Hartman Corp
U. Imp
Con. &P
Houston Oil
U. Steel Pf
Utah Copper
Indep
Oil & Gap
Utah Sec
West Mi
RF Dairy
Indiahoma
Vanadium Corp
Telephone
Inland Steel
van Raalte
Merch, & Miners
Trans
Inapir
Eastern Roll Mills
Inter Rep
Boston
Comadustion i
Washington
Merc. Mar
Ireb.-Hellbr. A
Aerh
Hana Sides
Mickel
Wells
Ariz
Pann, West
Pacipt
Jordan Jones Bros
UN, Tel
Lec. & Mfg. Cay
Edison Hlec
Kan Kan
C. Seu
Falagyst
Greenfield
Wheeling & le
Island Creek Kel -Sp
Lehigh
Woolworth
Lehigh Val
Lorillard Co
Youngstown
Pra Ae
Allis Chalmers
Warren Bros
Stock market notes and corporate reorganizations
The New York Stock Exchange trends show maintenance expenditures offset by early fruit movement plans. Pierce Petroleum Corporation moves toward $10 million more capital post reorganization with Richmond stockholders meeting May 7. Tennessee Copper reports 1923 income of $777,144 and sales of $5.95 million, while Fairbanks Morse profits rose to $421,422 in Q1. Changes in rail stocks and several major issues show mixed activity with Gulf States Steel up and Coca Cola down.
MENTIONED IN THIS ARTICLE
Pierce ON Corporation
Pierce Petroleum Corporation
Lmeet
Richmond
Tennessee Copper
Steel Corporation
Also Mentioned on This Page
Stael Common
Finla Win
Undertone
Bears
U. S
Isaacs
Yellow Cab
Chicago
Hebichiom Steel
Bethlehem
Crucibie
Jaina
Pacific
Tidewater
Kresge
United Fruits
RoAruier
Imaa
Tate
Wall Street
New York Stock Prchange
Stock Exchange
Norfolk and Western Railway
New York Ock Exchange
American Locomotive Company
Ame
Chesapeake and Ohio Railroad
Southern Pacifi
Imncome
March. Com
NEW York Stock Exchange
International Mercantile Marine Company
Fairbanks Morse & Co
Southern
Consolidated Stock Exchange
Wheeling and Lake Erie
Chesapeake and Ohio
Baltimore and Ohio
Norfolk and Western
Gulf States Steel
Coca Cola
Treasury
Reioons & Rate
Paris
London
France
Aw, Riemer & Co. Wanhington
DO. Ge
Co-Operative Building Association
Equitable
John Joy Edson
Frank FP
D. C
Shannon & Luchs
Incurpormieen
14Th St
NW. Main
Rotterdam
Holland
The
National City Company
15Th St. N. W
Gaiety
Hong
Mii W. Lee & Company
Colorado
Firsl
Wardman Construction Company
K Street
Inc
F.h.smith Company
F. Smite Conflat Smith Building
Firm
Wertgagy Corpo
Trust Department
Penna. Ave
7Th & Mass. Ave
N.W
8Th & H Sts. NE
7Th St. S.W
15Th St. N.W