Stock Market Strength Lifts Rails and New Haven Finance
Traders report an improved tone in the local market as rails lift shares. May dividends increase Punta securities while Rock Island bond status shows gains amid cautious optimism.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 15, 1920
Page
16
Traders report an improved tone in the local market as rails lift shares. May dividends increase Punta securities while Rock Island bond status shows gains amid cautious optimism.
Daily market report notes New York trading with 475,900 shares and Boston 14,905 shares. U S Steel leads New York activity at 29,500 shares and Carson Hill tops Boston at 3,305. Total year to date NY 155,170,800 shares. Boston 4,161,159. Maine election outlook boosts sentiment, with Delaware, Lackawanna & Western up over eight points on segregation rumors.
Stocks advanced with Liberty issues easing and American Telephone near par, while Cudahy Packing and National Cloak & Suit saw common dividends suspended. New Haven financing talks loom, copper exports dip in August, Punta Alegre Sugar eyes new dividend, and Rock Island bonds remain favored amid rising rates.
Financial editor surveys Maine election and rail gains. Bulls point to Harding speech and railroad act as reasons to buy rails while bears rumors persist. Erie issues, Hayden Stone notes, and potential higher prices before Christmas frame cautious optimism. manipulation and rumor risks highlighted.
New York stocks showed mixed moves with notable activity in Jewel Tea Kansas City Southern Lehigh Valley and Maxwell Motor among others. Trading reflected varied prices and volumes as investors weighed industrial and energy sector names ahead of week close.
Investors rush to secure the new French loan as books open, signaling strong demand. Experts from For eign Securities and PExchan offer guidance without obligation to clients seeking market insights and order execution.
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