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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 16, 1920
Page
14
The market fell steadily through the week until Friday when a decisive rally started a bounce. A further Saturday recovery left the weekly loss at about one point in the average price of two leading industrial stocks, suggesting the large liquidation phase may be over and the market could strengthen Monday.
The article analyzes the stock market's recent drop in industrial averages from January to last week, noting a roughly 30 point decline and predicting a substantial recovery. It discusses past panic patterns, expected bear and bull recoveries, and argues buying now could yield strong long term gains amid a favorable asset base at Central Leather’s stock showing strong earnings prospects and a low price.
The Boston Post instructs readers that every Monday a financial column will answer questions on listed and unlisted New England stocks and bonds, with impartial data from trustworthy sources. The paper disclaims opinion on market direction or stock reliability and requests full name and street address for inquiries to the Financial Editor in Boston Massachusetts.
The Boston and Maine plan after a Federal Court discharge of its receiver includes issuing six classes of new first preferred stock to line stockholders in exchange for their holdings. Dividends start at around 4 to 8 percent for five years, then rise to the original rates, with cumulative payments but priority over other securities. Dividends depend on earnings and government guarantees. future rates hinge on legislation.
Whitman farmer Leo W. Cochrane objects to daylight saving arguing it harms crop work and farm labor. He cites wet beans and potatoes, dairy handling, and haying, noting labor scarcity and higher costs as farms shift to factory jobs. He urges keeping clocks as they were to favor farming.
Marie Cheilly Burnett the French girl stowaway bride of Theodore Burnett, former mate of the Horatio G. Foss, will begin habeas corpus proceedings in federal court this morning as she seeks to stay in the country. A temporary release would require a $2000 bond.
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