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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 19, 1920
Page
16
The readable lines show numbers and labels such as West End and Ex dividend but lack a coherent event. The fragmentary OCR hints at financial entries with case references and dividend notes around West End, without a clear action or outcome.
The New York Stock Exchange session showed a listless trend with bears dominating and fresh pressure on volatile issues. Short selling, mixed U.S. and European factors, and funds flowing to crop centers shaped a subdued market with some recoveries in copper and other metals.
Mercury reports Mercer and Locomobile earnings per share for early 1920 as Hare's Motors operates jointly with capital split. Pacific Mail Steamship shows six months net earnings of 1,198,815 dollars or 3.99 a share and full-year 1920 of 2,384,814 dollars or 7.78 a share. Canadian Pacific takes over Edmonton Dunvegan and British Columbia and Central Canada railway, a 400 mile system, aiming to feed transcontinental lines.
The market yesterday moved within narrow limits with slight gains at close as Polish victory and Lloyd George vacation news boosted sentiment. Bearish sentiment remains strong among professionals and amateurs, odd lot buying resurges, and rail securities resist the downward trend despite hopes of a rally.
The article notes lower demand and outages pushing cereal prices down and foresees further drops in leather and wool. Dan's price list shows weekly declines outpacing advances while European price indices also fall. It mentions possible bear tips triggering concern among stock exchange officials and a stop order rumor in Baldwin.
A historical list shows many savings banks and trust companies such as Boston Five Cents Savings Bank Melrose Savings Bank Home Savings Bank Medford Savings Bank Suffolk Savings Bank and Warren Institution for Savings. It also lists trust companies including Charlestown Commonwealth Cosmopolitan Fidelity Holt United States Trust and Melrose Trust with various deposit and interest dates noted, and mentions national banks like Boylston National Bank and Union Market National Bank with September dates.
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