Market Developments Signal Weak Spot in Strong Market
New York June market report notes heavy industrials with moderate volume and little domestic impact. Rail shares led activity as lower priced issues rose on dividend prospects while high priced rails paused. California Petroleum and Schulte-Aimeas gained, American Locomotive and Studebaker fell, money conditions unchanged and foreign currencies softer amid Berlin reparations talks.
MENTIONED IN THIS ARTICLE
Washington
New York
Berlin
Aldes
Cendral
New Jersey
Southern Railway
Tte
St Paul
Pere Marquette
St. Louie
Southwestern
Bok
Naif
Baltimora
Onfo
Aéven
Wabash
Stock Dividends Reported by Several Corporations
Directors of Bone Star Company declare an extra 3 percent dividend plus the regular 1 percent, payable June 30 to holders of record June 20. Chandler Motor Company also proclaims a quarterly 3 1/3 cent dividend payable July 2 to holders of record June 20. National Department Stores shows April earnings of 3,365,603, a 13 percent rise from 1922. Merck & Co and Shell Transport note quarterly or currency dividends, Equitable Trust receives rate updates from its London office, and Bethlehem Steel faces no adverse dividend outlook for the July board meeting.
MENTIONED IN THIS ARTICLE
Specialio
Washington Paar
New York
Bone Star Company
Addi Hon
Estes
Ape Chandler Motor Company
Chandler
Teres, Inc
Merck &€ O
Ite
Racord
Equitable Truat Company
London
Shell Transport and Tractihe Company, Ltd
Bendon
Equitaciste Trust Company
Fugens C Grace
Bethleham Steel Corporation
Weld
Postum Cereal Company
Way Arec
International Shoe Co
Wall Street Notes On Bonds Dividends And Loans
The report surveys bond market shifts with Austrian loan prospects and higher demand for new issues. It notes continued pressure on Banking Trust and Mortgage Co stockholders to liquidate, while dividends from Postum Cereal and International Shoe spark investor interest. Also referenced are U.S. treasury rate expectations, wartime contracts in Bethlehem, and local price movements in railway securities.
MENTIONED IN THIS ARTICLE
Morris BH. Glazer
Inves.er
Washington
Austria
United States Treasury
Breuninger resigns from National Mortgage firm to join new venture
Breuninger, vice president and manager of the National Mortgage and Investment Corporation, resigns to join a new mortgage and finance company organized by Roy L. Neuhauser. He also serves as president of Citizens Wings Bank. The Washington chapter of the American Institute of Banking plans events as Bankers subcommittees prepare for a convention review with Howard Moran. Bank clearings for yesterday totaled 2,614,828 versus 3,726,044 the previous day and 2,119,368 the prior day.
MENTIONED IN THIS ARTICLE
S. BE. Breuninger
National Mortgage and Investment Corporation
New Mortgage and Mnance
Roy L. Neuhauser
Greuniter
Citizens Wings Bank
Washington
American Institute of Banking
W. M. Rankin
Riggs National Bank
Convention Committee
District of Columbia
Howard Moran
Hot Springs
Alfred H. Swayne Named Director of Lehigh Valley Railroad
New York June 8 Alfred H Swayne vice president of General Motors Corporation has been selected a director of the Lehigh Valley Railroad to succeed the late Charles D Borton.
MENTIONED IN THIS ARTICLE
New York
Alfred H. Swayne
Géneral Motors Corporation
Lahigh Valley
Charles D.borton
New York Cotton Prices Jump Then Fell Throughout Day
July contracts surged to 37.90 before slipping to 27.50 as the market opened barely steady on easiness in Livar and Liverpool, with October at 24.16 and January around 23.15 amid selling pressure and reports of improved export demand. July later rallied on stock covering but finished near lower levels, while October and January remained 67 to 87 points down. Export bales modeled at 612 today, total 4,486,451 for the season. Fall River print cloths sales about 44,000 pieces amid mill curtailment signals. Port receipts 35,448. U.S. port stock 285,851. Paris money market showed irregular bourse movement with 3 and 5 percent rente rates and the dollar at 15 francs.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Bet
Fall River
U.S
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