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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 02, 1916
Page
16
Chicago cash and call loan rates shown with ranges for outside brokers and customer loans. Prices for corn oats lard and wheat futures noted alongside Federal Reserve bank figures and September exchange rates. Foreign exchange opened steady with sterling francs marks and guilders quoted.
Market report notes gains in American Locomotive on strong war orders and a move past Crucible Steel, with Union Pacific remaining strong and Rock Island and Missouri Pacific weak ahead of looming assessments. Steel steady near historical highs while Ford price cuts dampen motor stocks and Maxwell Motor stays around ten dollars.
Stocks rallied broadly as Union Pacific jumped sharply and United States Steel traded higher toward the close. Strong June earnings from major lines boosted confidence, while grain news remained cautious and copper and zinc traded unevenly. total volume reached 335000 shares.
The Boston market remained listless as prices rose slightly on the improved New York tone. American Agricultural Chemical common led gains, advancing to 71 on expectations of a favorable annual earnings statement. Outside of this, activity was subdued.
Report references “Roughneck Percy” and hints at a dramatic event. The note directs readers to the Sunday Post Magazine for full coverage and details of what happened.
Markets report today shows highest lowest and last prices for stock and bonds in New York and Boston, with Monday last sales noted. Bond listings summarize recent quotations and final sales figures from the exchanges.
Westinghouse Electric shipped about 10 000 rifles in July under its contract with British and Russian governments. The Wisconsin Minnesota Light Power Co reports 1916 net earnings of 633 433 over 1915 546 114 for the year. The Consolidated shows July 1 1916 balance on hand 381 589 vs 210 340 Jan 1 1916. Two dividends paid 88 282. Six months shipments totaled 8 450 932 pounds lead 519 798 zinc 1 795 copper 843 535 ounces silver 5 225 ounces gold with net profit 355 701. Consolidated Interstate Callahan Mining June quarter profits 713 677 versus 812 783 prior quarter. Tonnage mined 37 217 vs 29 897. Zinc concentrate recovery 80 99 percent down from 88. Total zinc production 16 853 320 pounds. Tonopah Extension receipts 125 754 expenses 73 594 operating profit 42 160. Benjamin Dobson opens investment securities offices in New York with Boston Chicago Detroit correspondents and private wire for orders. He has 17 years banking in New York and Boston. Contracts for 6 and 12 inch shells total about 15 000 000 with Baldwin Locomotive Works. New York Curb Market lists 650 000 common shares of Hupp Motor Car Corp par 10 and 75 000 shares Stutz Motor Car Company of America Inc no par.
Fashion note in the Sunday Post explores how blouses pair with skirts. It promises clear illustrated guidance on coordinating tops and hems for a polished seasonal look.
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