Market rally follows decline after dividend cut
The stock market opened lower but steadied, with the rail average at 82 707, industrials down 33 to 8078, and Smelters tumbling to 634 points. International Paper, Tobacco, Martine, and General Motors led advances while several sectors including utilities and papers showed strength amid mixed volume. Ferruits and metals weakened as tobacco led the rally and steel remained pressured.
MENTIONED IN THIS ARTICLE
Tas
Washington Post
New York
Iast
Sheres
International Paper
Tobacco Products
Martine Preferred
General Motors
New York Stock Market Jumps After Smelters Dividend Cut
The New York stock market reacted sharply to the announcement that the Smelters dividend would be reduced to 4 percent annually, causing a drop of over 5 points in active trading. The move surprised investors, though some expected the regular quarterly dividend to be paid from surplus. later a partial recovery occurred, with mixed results across sectors including Willys-Overland, General Motors, and Dome Mines amid broader copper and equipment stock activity and shifting expectations for future earnings and tax provisions.
MENTIONED IN THIS ARTICLE
Willys-Overland
Philadelphia
General Motors
Stutz Motor
Copper Miners’ Conference
J. & Bache & Co
de Lamar
Dome Mines
Dome Extension
Montgomery, Ward & Co
Sears, Roebuck & Co
Utah
Ray
China
Nevada
Kennecott
Washington
Philadelphia Markets Mixed With Higher Butter Prices And Oil Trends
Philadelphia markets show higher butter with Western extra and nearby receipts rising. Spot and futures for metals and agricultural oils fluctuate, notes include New York Cottonseed Oil market with strong readings and prime yellow oil trading around 17.50.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Viet
Philadelphia
Low priced rail bonds improve amid gains in tra
In New York the bond market showed activity with broader trading and firmer bids for foreign securities. Interborough Rapid Transit earnings boosted traction issues, while Virginia 6s and Liberty bonds moved, and U S government notes faced limited changes amid a busy domestic and international finance scene.
MENTIONED IN THIS ARTICLE
Washington
New York
Yeb
Bonda
Interborough Rapid Transit
Dow, Jones & Co
Virginia
Brown Brothers
Liberty
Fireteiga
Fberty
American Securities
Laasue
United Kingdom
At & Standaill
Wela Attic
Capital Traction Company
Chesapeake and Potomac Telephone Company
Washington Gas
Salez
Dtpital Traction Railroad
Hespeake & Potomac Telephone Line
U. T. Col
G & FP
Capital Trac. Co
City & Sub. Ry
Htan R. R
Public
Am. Vel. & Teteg
Ox Capital Traction
Gara
Eas
Steamboat
Steamboat. 188 200 ‘Wash. Ry
AG As
Wash
Union Trust
National Savage
Loan & Trust
Commerce & Savings
Liberty Savings Merchants’ Bank
Seventh Street
Arlington
Corcoran Firemen's
National Union
Columbia
Chapim-Sacks Mf Oo
Ing
Col. P. Mfg. Co
Tfr. & &Tg
Mergenthaler Linotyne
Safe
Washington Markat
Chicago Livestock Prices and Grain Futures Report
Chicago market notes show hog receipts 37,000 with strong opening and mixed closes across grades, cattle receipts 7,000 with beef and dairy movements up to 15 cents, sheep and veal receipts 400 and steady to firm, and hogs steady with weigh-ins. Cash grain values posted for corn, oats, rye, barley and futures for corn, oats, pork, and other futures showing declines in some contracts.
MENTIONED IN THIS ARTICLE
Chicago
United States
LOCAL PRODUCE MARKET REPORT FOR FRESH EGGS AND POULTRY
Local produce market lists prices for eggs butter and cheese with various poultry items. Alive birds include roosters turkeys hens and chicks with price ranges per pound. dressed chickens and turkeys quoted per pound. Also shows California fruits vegetables and other items with crate and basket prices and assorted regional figures.
MENTIONED IN THIS ARTICLE
Elgin
New York State
New
California
New York Money Market Report Feb 6
New York mercantile paper quoted at 5.5 percent with sterling 60 day bills at 5. Commercial 60 day bills on 4.723 and 80 day bills shown for demand at .75 percent. Cables list France at 5.40 percent demand with 5 457 percent, guilder demand 41 with cables. Lira demand 6.87, cables 6.85. Rubles demand 13 tables 14. Meazlean dollars 77 percent. Government figures noted.
MENTIONED IN THIS ARTICLE
New York
W. B. Hibbs & Co
Aetna Explosives
Am, Tel
Tel Ch. Bs
Amer
Atlantic Patroleum
Armour & Co
Barnett
Atchison Gen
Atlantic Coast Line
Boston & BM
Baltimore & Ohio Co
Butterworth
Udeon
Bethlehem Steel
Caledonia Mining
Central
Canada
Calumet
Central Leather
Central Preisia
Car Light & Power
Chi
Chesapeake & Ohio
Chevrolet
Chi & Northw
Zen
Colo. & Southern
Las
Consolidated Arizo
Denver & Rio Grande
Consolidated Copper Rosden O. Bee
Distillers’ Securities
Dominion of Canada
Osisai
Coseden P. Cramps
Erie
Cresson
Curtiss Aero
General Electricia Davis-Daly
Great Northern Tat
Beecheless
Illinois Central
Interbo
Marine
Kansas City Southern Rez
Emma Copper i
Eannae & Era Ga
Ashville UN
Louisville
Missouri
Kan
Texas
Museuri Pac
Gien Benson Aspuatt
Montana Power
Consolidated
New York Central
Norfolk & Western Con
Guantanamo Sugar- BO
Northern Pacific
Ene
Holly
Oregon
Pacific Tel
Howe Sound
Pennsylvania
Pennasylvania
Intercontinental Island i
Jerome Verde
Republic
St. An Fran
R. R. Eae
Jim Butter
Seaboard Air Ling Adj
Southern Beil Tal
Ua Keystone Tire
Southern Pacific
Lake Torpedo
Southern Railway
Gleee Marina Copper
Mawson Valie Bis
Texas Company cv
Tee
Maxim Muni
Texas & Pacific 1St
Bei Merritt Oil
Air Union Pacific
Metropolitan
U. S. Rubbers
Midwest Ofcom
Steel Bs
Pfavot Talite Virginia Car
Mitchell Motors Midwest Renning
Nipissing Mines
North Amerate WU. S
Northwestern Oil
U. 3
Liberty
U. & Liberty
Reclamation Bay Hercules
Liberty 2A
St. Joseph Sapulpa
Coms. Ae
Liberty 2A Sa
Standard Motors
Pbonda
Swift International
BEC
Tonopah
Triangle Film
Boston
United
Artery
Washington
Pont
Ut & Heat
le ‘S
Rigne & Weat
Vege
Apteane
U.S. Steamship
Babe United Western Oil Ariz
Loml
Vereeedi United Zinc
Victoria Qi
Hecla
Ayiand
Hs A Cop
Wright-Mart
Dalypok
Angio-Amer
Atlantic Refinning Co
North Butte Bceola
orne-Scrvmser Co
de Pond Creek
Buckeye Chesborough
Nce Co
Seneca
Swift & Co
Umberland Pipe Lins
Ventura
ena-Sig. Oil Co. Com
Wolworth
Gattatena-Big
Sitios Pipe Line Co
Indians
Iba
Baltimore Securities
Trans Trat Tt Co
Baltimore
Ork Tranap
Prairie Oil
Ctis
Line Co
Rys
Wiec
Californ
Yastadys
West
Penn
St. O Co
Oil Co
Nebreska
Kentucky
Jersey
Finch
Waahinesen
Mercantile Paper
France
Also Mentioned on This Page
NEW York Stock Market
Smelters
Railroad Administration
American Tobacco
United Cigar
Tobacco
Midvale
United States Steel Corporation
Curb Market Review
Broad Street
Aetna
Wright-Martin
Steamship
United Motor
Keystone Tire
Intercontinental Rubber
Tobatco
Fesa Ae
Ummies
Adv
Rumely Ve
Seojtewer Tea
Romely Rubber
Zigewet Tea Co
Tire & Hub
Leigh Valley
Eit & M
Aes Nord Co. Pfd
Car & Fdy
C. Cotton
Lovis. & Nash
Hide & II
Minn
St. (N
Minsouri Pacific
Am. Smelter
Acme
York Central
Writ
Orf
Ts S
Bhlehem Steel Bi
Awe Pitt
Va. Ry
Bay
Non & Steal
T. G. & South
Cerro de Pasca Seas
Saxon Motor Co
Arizona
St. Paul
Beale
F. A Metros
Uthern Peorry
EL & PF
Chile
Atudsbaker
Ino
Stude. Corp
Iambia Gas
Gons
Texas Co
Ates
Exaea & Pacific
Niré Ave
Ae ‘Obacco
Crucible Steel
Goa
Union Pacific
Ior Deny & RG. Ped
Bea
Rts
United Ry. A
Dr. Co
Rte
Fisher Body Aene
General Cigar
General Electric
General
Goodric Rts
Utah Copper
Great Northern
Hasheil Barker
Wabash Pia A
N.g
Western Union
Inter
Mer
Westinghouse
M_ araseq
Whson Co
Willys
Woolworth Star
Inter. P
Pra Ete
St. Louis
Lontio Peere
Lestance
New York Central Equipment Trust
New York City
London
South America
Far East
Ressen
Federal Reserve Board
Ontekne
Guiventon
Iss Bavanuet
Tansity
Phila
Fal Keeson
Newxi Mobile
Sava
Gaireaten
Bsa
IitmBion
Houston
Sool Pyar
St. i
Dailen
Auguste
Tattle Rock Rock
Equal Stock Exchange
Beesey
Chicago Grain
Liberty Bonds
Hibbs Building
Fifteenth St
Washington, D.C
New York Stock Exchange
Washington Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
Savings Dept
National Metropolitan Bank
15Th St
U. S. Treasury
The
Gibraltar of Investments
Thomas L. Hume
Tel
Sroas
J. Frank
Lilly & le
MLL
Fort Worth
Union Savings Bank
Wask
Anton Cooparo Woutteentt
Orrich
Norfolk
Washington Breambese
Comenny
Water Street
Engineer Department
Noom
D.C
Louis
W. Ewi
Gardiner, Co
W. Edte
Cowmilesionera
D. C
Offich
Coreeees
Dunrice
Offeer
Dietrict
Iulis
Gwirk Garniner
Charles W Kltz
Capitol & Surplus
National Savings & Trust Company Cor
N. Y. Ave
America
Takeel
P Landan
R.c.megargels
New Yorke
D& Elmore
Washington Tock T
Fiat Fe
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
John J. Edwards & Co
Wembare
Rome
Tasbing
Ralph WW