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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 26, 1920
Page
16
The Boston Post financial page outlines Monday inquiries on listed and unlisted stocks and bonds of New England industrials utilities banks and mills. It warns it will not guarantee accuracy or offer market opinions and asks contributors to include full names and addresses for responses.
A reader from Woods Hole asks whether to hold Studebaker stock after a price drop. The expert notes 1919 earnings of 25.21 per share, up from 10.29 in 1918 and 9.11 in 1917, with continued strong Genminusw car demand and a record quarter.
The letter discusses Studebaker's price decline amid a broader bear market and its potential impact on overall business conditions. It notes mixed opinions on a market rally vs continued downturn and asks about copper stocks. Copper producers have cut stocks and production, with demand for the yellow metal light and high-cost mines shutting down amid rail strikes.
Francis Gillooly of Providence Rhode Island was taken from the American oil tanker Steed to police headquarters and locked up for the death of Edward Fuller of Glastonbury Connecticut. The incident occurred on April 14 when the tanker was near Tampico.
A stock market outlook notes that after a large advance a pause often follows, with February lows giving way to a spring rise that faltered by mid-April. With Bank of England and monetary policy tightening, the market faces resistance, likely continued volatility, several weeks of rallies, but no sustained bull trend until money conditions ease.
The 101st Regiment recruits in South Boston with Company C set at Hast Armory. Captain Paul Hines to command, Dustin Lueler as first lieutenant, strict merit promotions, and emphasis on athletic and social opportunities for recruits. Recruiting runs 7 to 9 pm at East Armory Newton Street this week.
The 3700-ton steamer Ipswich operated by the United States Shipping Board was taken in tow by the coast guard cutter Seminole. Naval advices place the action about 85 miles east of Fire Island lightship with the Ipswich bound for New York from London.
Governor Henry J. Allen of Kansas expressed willingness to debate Samuel Gompers president of the American Federation of Labor on the Kansas Court of Industrial Relations. Gompers said he had accepted to debate and the event will occur in New York City in late May.
At a special Textile Council meeting on April 4 in New Bedford the unions voted to have all local textile unions hold a general strike vote to support loomfixers demanding notices posted in mills be withdrawn. Loomfixers are on strike in most mills. If strike favored, workers to quit May 3. a 50 percent wage advance is recommended to locals.
The concluding instalment by Booth Tarington presents Ramsey Ailholland in a to the minute finish in the Osion Sunday Post Magazine.
Nearly five million dollars pledged on day one of the Interchurch World Movement eight day drive across New England. Massachusetts churches led by Baptists report strong pledges with extensive canvassing by both men and women in Newton Centre and West Somerville. Regional director Alfred Wetes praised early results as Vermont and other states join the effort to fund mission, education and relief.
Ten Saugus men bound for a Nahant fishing trip were rescued from a crippled power boat drifting at sea. Life savers at Nahant Station under George Wicken towed the craft up the Saugus River as high waves and a failing rudder left the group soaked and in danger.
Letter to the editor argues U S schools lose top educators to higher pay, cites 90 000 vacancies and 65 000 underprepared teachers per 1919 NEA, calls for higher liberal salaries to attract fully trained teachers and improve schooling. A. H. Wilde signs.
Financial editors discuss Governor Coolidge signing a Massachusetts bill allowing corporations to issue capital stock without par value. The piece explains par value distorts true value, watering stock, and the impact on investors, with examples like United States Steel and Stutz, detailing how pools and insiders influence price and control in the market.
Former Lieutenant-Governor F Edward P Barry addressed the Benjamin Franklin Mutual Aid Society in Commercial Hall on Americanism He urged citizens to vote for delegates to the national convention in Massachusetts and to back candidates who put America first and uphold the rights of smaller nations. He cited the US Senate stance on Irish claims and urged its endorsement by party conventions.
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