Trading totals show New York gains and Boston activity
Total sales in New York reached 1,227,900 shares and Boston 20,760 shares with New York leading in steel at 126,400 shares and New Haven topping Boston with 2060 shares. Year to date totals through January 1 1920 list New York at 36,953,500 and Boston at 924,704 shares, versus last year's New York 19,233,553 shares. Boston figure includes an unclear GOF885 entry for the period.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
New Haven
Yesteray
Market Downturn Tests Rail Strength Amid Bank Strain
The stock market fell on renewed bank strain and weak reserves after last week’s low, with rail shares showing relative firmness. Analysts expect mixed trading near March 15 as foreign exchange pressures and gold shipments abroad drive renewed volatility.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Senate
U. S
New York Fed Revises Reserve Reporting Method
The New York Federal Reserve altered its reserve reporting by first setting aside 40 percent of gold against notes before calculating the ratio to deposits, a change aimed at avoiding a tax tied to deficiency. The shift comes amid a broad fall in reserve ratios across the system and ongoing deflation in markets, with nonuniform gold flows and waning U.S. gold production.
MENTIONED IN THIS ARTICLE
New York Federal Reserve Bank
Reserve
Reserve Bank
New York
Federal Reserve Board
New York Bank
Federal Reserve
South America
Europe
America
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