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Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Apr 25, 1924

Page

6

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.

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.

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 Kiyn Eden Nor Amer Agit Ee Nor. Amer G. L. & P. Ristie Bkiyn Man Tr 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 Pere Mara. Pt Mary. Lec. iv AL Phila, Oe Western Agi Phila West Phila Eorth Balto Chi M. & St. P Philip Oni Ae Ee Tool Bs Az 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.

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
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