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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
Sep 18, 1921
Page
9
Market movements show the industrials near a point of advance while rails and coppers pause. A recent sharp rise fuels hope that the first stage of a bull market is underway with more gains likely after a possible reaction.
The piece discusses potential wage cuts by railroad managers with hoped savings passed to the public, the strength of rail and banking interests, and labor pushback. It notes German mark weakness, stock market bull revival, and forecasts a prolonged but positive railroad purchasing rebound for Lackawanna. It also covers investor questions on American International and Texas Pacific Coal and Oil stocks with cautious outlooks.
Letter respondent discusses Lackawanna Steel Co earnings 1915–1920, debt repayment, increased working capital, and current assets. Notes prewar shipments and earnings ranges, and presents projected earnings per share under current interest, with 1919 shipments and a 4 percent rise in 1920.
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