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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 25, 1919
Page
21
The readable fragment shows a continuation from page 20 with scattered entries including quantities and abbreviations for various items or companies. Names such as Utah wares and West Pacific appear with numerical values, suggesting a table or catalog snippet. The legible parts indicate a ledger like listing rather than a narrative.
Current prices show loans for brokers' customers and outside brokers at 6 percent. Brokers' commercial loans and individual customers' collateral loans also at 6 percent. Commercial paper ranges from 5 3/4 to 6 percent.
The piece analyzes prolonged steel strikes impact on auto, copper, and shelter sectors, noting delayed deliveries and price declines. It explains professional floor traders on the stock exchange, their advantages and risks, and cautions against chasing momentum in a trading market with narrow ranges.
A syndicate led by E. H. Rollins Sons and Spencer Trask Co plans to issue 3.5 million dollars of 8 percent convertible preferred stock. The Clinton Wright Wire Company will acquire Spencer Wire Company assets and lease its Worcester plant with 12 year title. Net assets exceed 15 million dollars with 48 acres and 3500 workers. annual gross sales near 18.9 million and net profits after tax about 1.875 million.
The Guaranty Trust Company of New York becomes transfer agent for Fulton Shoals Coal Company organized in Delaware with authorized capital of 1,000,000 dollars. H. S. Reissman of 10 Wall Street New York offers 60,000 shares for subscription at a stated price per share.
Morey lists several Massachusetts trust companies with savings or interest deposits. Institutions include Charlestown Trust Co. Commonwealth Trust Co. Cosmopolitan Trust Co. Federal Trust Co. Fidelity Trust Co. Hanover Trust Co. Metropolitan Trust Co. Old South Trust Co. South Boston Trust Co. United States Trust Co. Fitchburg Bank and Trust Co. Melrose Trust Co. Highland Trust Co. Somerville Trust Co. with dates indicating when deposits begin to accrue interest.
The bond market report shows mixed closing sales with various issues from railways to utilities. Notable entries include Chicago and North Western, City of Paris, New York State Rail, and Dominion Canada bonds among others, with prices and yields indicating broad activity across sectors.
In New York the steel strike remains the focus of financial district discussions while hints of early relaxation rise. Traders note irregular strength in steel and related shares, with metals slipping on Smelting weakness and copper declines.
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