Presentation on theme: "Stock Prices: Day 2. Company NameAction by CompanyNew Price per Share Kroger Purchases a West Coast food chain $12 Radio Corporation New model released."— Presentation transcript:
Company NameAction by CompanyNew Price per Share Kroger Purchases a West Coast food chain $12 Radio Corporation New model released with built in antenna $13 Mammoth Oil 9 wells begin producing in WY field $14 Gotham BankBank declares 6% dividend$11 Durant Motors Fails to make payments on notes to the Gotham Bank $7 Midland Utilities Midland extends services into MI and WI $13 Kansas Pacific K&P will pay no dividends this year due to expansion $9 Tel-Tone Dial telephones will be installed in parts of NYC $15
Company NameAction by CompanyNew Price per Share Kroger Merger with Eastern chain of stores $15 Radio Corporation 15 patents are purchased from the Edison company $14 Mammoth Oil Largest oil field in America may be located under Mammoth Oil Lease in WY $19 Gotham BankStock prices remain the same$11 Durant Motors Locomobile sales are depressed from competition with Ford $5 Midland Utilities Insull’s financial manipulation allows it to take control of Commonwealth Edison $19 Kansas Pacific Profits rise on agricultural shipments from SW $10 Tel-Tone NYSE announces Tel-Tone as greatest increase of any stock on the exchange $22
Company NameAction by CompanyNew Price per Share Kroger Corn blight on Kroger farms causes 90% loss of crops $12 Radio Corporation Speculation on new patent causes rise in stock prices $15 Mammoth Oil Japanese offer to buy the total production of Elk Hills $21 Gotham Bank French gov’t announces they will begin to pay their WWI war debts to US banks $12 Durant Motors The DuPont family begins to buy large blocks of Durant $7 Midland Utilities Insull fears Cyrus Eaton may be trying to take over Midland $22 Kansas Pacific Speculation on increased profits from Mexico $11 Tel-ToneAnnounces successful merger$24
Company NameAction by CompanyNew Price per Share Kroger Speculation that Purity Markets are trying to buy out Kroger $14 Radio Corporation Rumored merger with the Edison Company $17 Mammoth Oil Congressional committee begins an investigation of leases; possible fraud $13 Gotham BankBank stocks remain unchanged$12 Durant Motors Louis Chevrolet is hired to design an inexpensive automobile $10 Midland Utilities Cyrus Eaton begins dumping large blocks of Midland on a depressed market $18 Kansas Pacific Drought in the SW and depressed farm prices cause K&P profits to fall $10 Tel-Tone J.P Morgan sells 200,000 shares in company $22
Company NameAction by CompanyNew Price per Share Kroger Food prices are depressed due to agricultural surpluses $13 Radio Corporation Merger with Edison Company falls through when Radio Corp. pays no dividends $14 Mammoth Oil Harry Sinclair is called before Congressional Committee; Fraudulent oil leases found true $7 Gotham BankAnnounces profits increase 5%$13 Durant MotorsMerger with Fisher Body and form GM$13 Midland Utilities Chicago Tribune states Insull’s Company is a “house of cards” ready to crumble. $14 Kansas Pacific New oil fields in OK cause a new boom along K&P track $12 Tel-Tone Fails to rise as predicted. Brokers unable to explain downward trend $17
Special News Bulletin The market slipped today as the government announced that home construction, an indicator of prosperity, was at an all time low. The Federal Reserve Board announced that a change in the interest rate would take place in the near future. It is rumored that the J.P. Morgan intends to sell 12 million shares of common stock at a loss. Gotham Bank announced that margin buyers are being notified that they must put up more money to cover today’s losses.
Also, this just in… Panic hits Wall Street. 12 million shares are traded in one day on the New York Stock Exchange. $700 million is lost by stock holders in one day as the market takes the greatest dive in history!
Company NameAction by CompanyNew Price per Share Kroger$5 Radio Corporation$2 Mammoth Oil$1 Gotham Bank$7 Durant Motors$8 Midland Utilities$2 Kansas Pacific$4 Tel-Tone$3