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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 31, 1919
Page
22
The market edged higher after the Steel dividend cut despite bearish pressure and weak earnings. New York and Boston totals show substantial daily and year to date shares traded, with Steel and Swift as the most active issues in their cities.
The market largely steadied with Swift rising a point and Massachusetts Gas slipping a point. Copper prices hit a new low as supply from war end concerns and scrap influx depress demand while producers seek foreign buyers and lower shipping to boost demand. Twin City Co. remains a solid dividend payer despite furloughs and Sears Roebuck reports record 1918 sales. American Telephone & Telegraph shows 1918 net earnings near 54 million with about 10 dollars per share in balance after interest.
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