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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 23, 1920
Page
20
Stocks retreat again amid cautious trading. Investors weigh weak and strong sectors in the local market while United Drug reports record sales and Anaconda plans a regular dividend.
Yesterday's market was less active than Monday with prices slipping, losses modest but extending two day declines. High money rates near 11 percent and rumors of an outlaw railroad strike plus possible industrial failures weigh on sentiment while big players accumulate stock.
The article notes a June decline for 20 industrials as the market retreats from a recent rally. Bears point to limited buying, with weakness intensified by a steady sterling, while gains in Massachusetts Gas and Island Creek Coal contrast losses in American Bosch Magneto and United Drug. It highlights Boston & Maine’s drop and forecasts a possible new high in United Drug sales, plus industry signals from coal, gas, and electric sectors through mid June.
The report covers H. H. Franklin Manufacturing Co stockholders approving exchange to four new shares and a 75 cent quarterly dividend, American Locomotive Co orders for 12 Pacific engines, Spicer Manufacturing initial 50 cent dividend, National Acme Co May and five month sales and profits figures, and a favorable stockholders committee report on the merger of Marland Refining Co and Kay County Gas Co.
A brief notice reports activity in the New York cotton market with pricing and trading indicators for today. Traders monitor futures and spot levels as price movements influence warehouse and shipping decisions.
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