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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 07, 1923
Page
30
Stocks totals listed show 503,700 shares across firms including Gulf Oil 400 Pennok Oil 1,106 and Royal Canadian 3,200, with allocations for Omar Oil 300 and Mountain Producers 100. Names such as Bert Cress and Northwest Off appear amid the listings along with several others, indicating a broad oil sector summary.
New York curb market reports brisk trading with prices generally higher. Reading Coal rights led activity, reaching 22% before easing. Glen Alden and Motors gains supported by market sympathy while Heostock slipped slightly on dividend disappointment. Imperial Oil set pace with a 0.5 point jump. Pratte Oil and Gas closed near unchanged after intraday rise.
State financial plan favors income and franchise taxes over ad valorem methods. Proposes 44 yield 4 1/4 highway bonds 4 3 4 institutional building bonds due 1963 4 1/2 4 55 yield offering tax exemption for savings banks and trusts.
Dec 6 New York call money ease firmer with high 6 low 4 percent, closing bid and offered near 5 percent. Bar silver at 645, Mexican silver notes listed, call loans about 49 against assets. Financial market notes reflect tighter conditions and liquidity shifts.
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