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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 06, 1920
Page
11
Market activity shifted as New York and Boston totals show large shares changing hands. Prospects of higher call money rates and lower bank reserves hint at caution while investors rotate into profits and speculate on new issues.
Financial editor notes a drop in reserves to 38 1 2 percent prompting expectations of more deflation via a federal reserve meeting in Washington. Topics likely include railroad credit conditions and potential stock market actions, with discussion on Orpheum Theatres Incorporated listing and possible dividends at American Can Company.
Deposits in savings or interest ments of trust companies follow set dates. The list includes Charlestown Trust Co Boston Commonwealth Trust Co Cosmopolitan Trust Co Federal Trust Co Fidelity Trust Co Hanover Trust Co Hub Trust Metropolitan Trust Co So Boston Trust United States Trust Co Fitchburg Bank & Trust Melrose Trust Highland Trust Somerville Trust. Dates shown include Jan 15 Jan 31 Feb 1 and Feb 1.
The Boston stock exchange lists 249,968 shares of International Cement Corporation with temporary certificates. Authority was granted to list 116,889 additional shares as exchange for Cuban Portland Cement Corporation stock and for International Cement common and preferred stocks.
A jumble of figures lists daily shifts in averages and record highs and lows for industrials and rails. The text notes dates such as July 20 1919 and November 9 1918 with mixed references to loss for the day and last high points.
Imbrie and Co announce H R Jones former head of the foreign trade division at National Park Bank has joined as manager of the new European department to guide international operations.
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