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Boston Post in Boston, Massachusetts

28 Jul 1920

Page 16

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Boston Post July 28, 1920 Page 16 old newspaper archives

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jul 28, 1920

Page

16

Steel earnings miss again echoes gloom on market outlook

The Steel company posted June quarter earnings of 43,155,000 versus a 50,000,000 estimate, with per share 3.96 against 3.88 in the prior quarter, keeping half year at 7.84 a share. Analysts warn demand and rising inventories threaten further gains, as a freight rate decision and Fed stance loom for volatility ahead.

MENTIONED IN THIS ARTICLE

Maxwell Max Petro Miami Co ‘ Central Y Chi & St L New York Dock Pan-Am P & T Pan Am Pet B Pete Marquette Pennsylvania Philadelphia Co Phillips Petrol Pitts & W Pond Creek Coal Oreeenee Pete Shattuck Ari Shell Trans & T Sinclair Oil Sloss Sheffield Southern Pac So P Transcent Tran & Wilms E Steel L & Steel Iron & St Motor T Royal Dutch NY South Railway South Rypf Tenn Copper Texas Co Texas & Pac Tex Pac C & 0 Atch & SF Arch T & D F Atlan G & W Va Austin Nich Tenon Baldwin Balt & Ohio Barrett Co Eee Motor 1854 Bo Beth Steel Fisheries Becak RT Ctr Roon Gas Brunsw’k Burns Bros Cop & Z Catte & Superior California Ches & Ohio Gt West Chi Mil & St P Chi & St P West Chi Pney Tool Chi RI & P Chirit& P Chile Coccaee Chino Ca CC & St Col Fuel & Tron Col & Southern Columbia Gas Columbia Graf Col del & Aden del & Lack & W Denver & Rio G den & Rio G Pf Elkhorn Coal Endicott J Endicott Erie General Cigar General Motors Goodrich B Gray & Davis North Pf Gulf States Sil Sone Ees Haskell & Bark Hendee Mfg Houston Oi Hupp Motor Car India Nt Ag Islae Oil & T Sere Kan City So Pf Kelly Tire Kelly T Cenneco Keystone Tire Lehigh Val Loews Inc Loville & Nash Pierce-Arrow United States Food Products Co Aetna Benjamin B. Odell Atlantic Gulf Oil Co Atlantic Gulf & West Indies Butte & Superior Spencer Trask & Co American Locorgan Oil Co Westinghouse Electric & Manufacturing Company H. F. Baetz New York Th General Mortgage & Loan Corporationozeu’e Putnam H Ropreasurer
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Million Share Day Sculpts Wall Street Decline Under Tight Money

The selling wave intensified with another million share day on Wall Street as New York and Boston totals showed large declines. Leading stocks fell to new year lows though a late rally trimmed losses, with transport and leather issues signaling weak commodity prices and tight money as factors.

MENTIONED IN THIS ARTICLE

Wall Street
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Market slips amid heavy losses as bears cover

Prices drifted lower with a dull top after a brisk late rally. Shares such as American Telephone and Boston & Maine held steady or rose, while Swift Simms Magneto United Shoe and Bigheart led declines. Central Leather reported a large June quarter deficit, amplifying industry weakness and signaling continued volatility for leather stocks and related firms.

MENTIONED IN THIS ARTICLE

American Telephone Boston & Maine Carson Hill Swift Simms Magneto United Shoe Bigheart Mohawk Butte & Superior Copper Range American Tiosch Root & van Derwoort New Haven Central Leather
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Also Mentioned on This Page

Edison Electric Illuminating Company OF Boston Kidder, Peabody & Co Devonshire St Broad St First National Bank Lancaster Mills Clinton, Mass Chicago Financial Editor Pemetecy Ary Federal Reserve Union Pac United Fruit Uscip&f Uscip&f Pf U S Express U S U S Steel Va Iron C Wabash. LE W&leipf White Motor Willys Oland Willys the Merchants National Bank State Street Massachusetts Soule Mills Lawton Millis Corp Queen City Cotton Co Fort Dummer Mills Walter Baker & Co American Gluecom Union Cotton Mfg. Co York Mfg. Co Naumkeag Steam Cotton Co Savannah River Lumber American Linen Co Draper Corporation Bates Mfg. Co Granite Mills Mechanics Mills Maverick Mills Art Metal Fall River Electric Light American Oriental Ptd Tampa Northern Micheacan Power Guanajuato Red & Mines Pepperell Mfg. Co Boott Mills Boston Belting Ptd Arms Palace Horse Car Farr Alpaca Co Shetucket Company Library Bureau Nyanza Mills Nashawena Mills Home Bleach & Dye Com Newquitt Spinning Co Contoocook Mills Seaconnet Mills George W. Helmecom Kilburn Mills Manomet Mills U. S. Finishing West Point Kee Jag State St Mass Teckin Hide & Leather Steel Reis, Lloyd, Limited, Inc Investment Securities Foreign Exchange Equitable Milk St Kort Hill Hornblower & Weeks Congress St New York Providence Detroit Portland Hide American Hide & Leather Co Rothschild, Campbell Co.,Ltd Foreign Exchange Telephone Kilby Street State Mutual Building Worcester T Sale Iam. Sul Rumely Bess Bosch Inter Corp Conserva A. F. Dow & Co., Inc Chas. P. Dow, Presa. and Treas Heyden Chemical U. S. Steamship Wyoming Glenrock Oil Arthur M. Harvey Cornhill East Coast Fisheries Lamson & Hubbard G. F. Redmond & CO Fort Mill Fort Hill Withington & CO Tel Main American Locomotive New York Stock Exchange Albany Philadelphia Rochester Toledo Milwaukee Abbott, Putnam & CO Foreign Department la Santa Lucia Gold Mines, Ltd H C. Crow Sunnyside Ave Toronto Ont the Post
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