Market slides as motor stocks lead decline
The market weakens after a firm start as motor stocks drop due to price cutting by major dealers. Maxwell Motors falls to 77 1 4, Studebaker down over 4 points, and Willys-Overland sinks to 52 amid broader declines in zinc and war stock groups. Railroads show strong earnings, with New York Central and Pennsylvania posting record returns. New England Telephone announces new stock to fund construction.
MENTIONED IN THIS ARTICLE
Maxwell Motors
Studebaker
Willys-Overland
Butte & Superior
American Zinc
N. H. State Hospital For
Concord
N. H
Helen Sinclair
N. H. State Hospital
Moma
the Post
Goodrich Drug CO
Dept
Summer St
Boston
Atlantic Ave
Debt Structure Impacts Pennsylvania and Central Bank Bonds
The text argues Pennsylvania holds a larger stock portion of total capital than Central. In booms this hurts Pennsylvania, while in lean times it benefits due to Central’s bonded debt margin shrinking faster than Pennsylvania’s.
MENTIONED IN THIS ARTICLE
Pennsylvania
Central
July copper, zinc, and steel trades report robust earnings
The notes show Shannon July copper output at 968000 pounds vs June 994570. Barret Company six month earnings after preferred div idends 2738463, up from 962479 in 1915 and 546077 in 1914, yielding 2414 percent on common. Sears Roebuck July sales 10071724. Merchants & Miners six month gross 3028000 up 25.8 percent. New Jersey Zinc earnings 8,735,292. Anaconda zinc refinery and Washoe plant upgrades slated for August.
MENTIONED IN THIS ARTICLE
Barret Company
Anaconda
Great Falls
Washoe
New Jersey Zinc Company
Merchants & Miners Transportation Company
Money Markets and Financial Quotes for Aug 2
Current quotations show call loans at 3 1/4 to 3 1/2 percent for brokers and 3 1/4 to 3 1/2 percent for outside brokers. Commercial and collateral loans quoted around 4 to 6 percent. Commercial paper at 4 percent. Year money at 4 1/2 percent. Agricultural paper 90 to 180 days at 5 percent. New York funds at par. clearing house and Sub-Treasury credits noted. banks gained on Sub-Treasury operations with net gains since Friday. Foreign exchange market reports and banker quotes include various rates, with a prominent $1,347 figure cited for a specific exchange.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Nsec
Essaenee
Clearing House
New York Funds
Boston
Sakeergcase Roses
Treasury Credit Pschatiks
Cdsvidet
Ceoengiebee Sik
Sub-Treasury
Treasury
Foreign Exchange
Court ST
Cor
Cornhill
BAY State Motor Gar CO
Berkeley St
Tremont St
Rel
Oxford
P. S
Harrison
Lincoln's Cottage Destroyed by Fire in Ashland Village
A house once owned by Abraham Lincoln, who lost a town selectman race last year, burned to the ground in Lincolnville, Ashland. Firefighters arrived after the structure was completely destroyed.
MENTIONED IN THIS ARTICLE
Ashland
Abraham Lincoln
Lincolnville
Trade and Bond Transactions Highlight a Busy Market Day
The New York stock exchange bond activity shows substantial trading with a mix of government and corporate issues. Notable mentions include Southern Ry 4s, West Coast and Pacific issues, and several utility and industrial bonds, with figures hovering around the 80s to the 90s in price and diverse maturities.
Airship Raid Strikes British East Coast Again
German airships crossed the eastern counties of England shortly after midnight and dropped bombs. An official communique says the raid was in progress and the exact objective had not yet been ascertained.
MENTIONED IN THIS ARTICLE
British East Coast
London
England
Dutch Ships Allowed to Carry Food to England
Berlin pledges not to destroy or molest Dutch ships carrying food to England after Dutch negotiator Cornelius J. K. Van Aalst presented an ultimatum. If Germany interfered, Holland would close its eastern frontier and the Entente could block Dutch imports from America and from colonies.
MENTIONED IN THIS ARTICLE
England
London
Holland
Copenhagen
Express
Berlin
Cornelius J. K. van Aalst
The
Overseas Trust
van Aalst
Germany
Entente
America
Also Mentioned on This Page
Motion Picture Fortunes
Wise Investors
Massachusetts
New England
Atlas Film Corporation
Franklin
Rockefeller
Carnegie
Marshall
Bromfield ST
Boston, Mass
Bromfield &I
Oklahoma Producing & Refining Company
Muskogee Refining CO
Jones & Baker Stock Brokers
Devonshire Street
Fort Hill
WN. Y
Philadelphia
Chicago
Watatir
Sweeraitaa
Standard Oil
Sae 40
Exchange Place
York
Temple H. Fay &Co
Boston Curb Exchange
State St
Michigan Limestone & Chemical Company
Booth Manufacturing Company
Batavia Rubber Company
United Drug Company
Carolina Power & Light Company
Utah Power & Light Company
Robbins & Company
Milk St
Mass
Winchester Laundry Company
Wesley
A. T. Downer
N. E. Telephone
Northern Pacific
Northwest
Atlantic Coast Line
Seaboard Air Line
Illinois Central
Sears-Roebuck
N. EB. Telephone
New England Telephone & Telegraph Company
New York Central
Senate
Financial News Notes
Shannon
Miami
New York Stock Exchange
Chicago & Northwestern Railway Company
American Steel Foundries Company
Albion F. Bemis
Brookline, Mass
Federal Trust Company
Davis Bates
Sears-Roebuck & Co
Money Markets
Aainnee Ph
Ei Duala St. Ee Ty Ties Ce
Ee Ee
Weeee
Ssaperreurs
Dacinganee'e
Eserves
New Orleans
Liverpool
Tesons
High Point
Sacvesevos Ri
Lincoln’s
Stock Exchange
Tered
Ares C & Nwn
Aes Rei Bey Ad
Tudes Coal & Coke
Onw
Norf & W
St Lo
M&m
Fmewee
BSG Ee
Ie Ecole Ma Weat Electric
Bcivan
Breeeee
Ane
Envedi
Standard Mill
Uu Wuss
Tenene Eeeree
G. T. Day & CO
Utica ST
Schrafft’s
Nahant Ave
Revere
GEO
BE. Keith Shoe CO
South Boston
Riverbank Court
Ae Bridge
Harvard Bridge
Boston Index Card CO
Purchase St
Sayers
Charles St
Tate Meg. CO
Hanover St
Iris
Boston Morris Plan CO
Ssoo
Childs & CO
Kilby CO
Kilby St
H. van Dam
Wash. St
Ss. R. Briggs Co. Lic
Washington St
Workingmen’s Loan Association
Treat Paine
Beacon St
Marks & Avery
Temple Plaga
Temple Pl
Cody
Tel
Scheinfeldt
Sudbury
Scollay Sa
NE. J
American Tooth CO
Winter St
Filene’s
Harvard
Howard W. Morgan
Mont Temple
Boylston Detective Agency
Boylston St
Atellesity Park
Sevenestaee Titans
Fied
William F. Dudley
Revere House
Minot Street
Boston and Maine Railroad
Easton Machine CO
South Easton
Victoria Shoe Company
New Street
Stephen M. Walsh
United Shoenee of America
Oston
Gridley
Cleveland
Scollay
Bridgeport
Boston Ave
Slingsby Manufacturing Co., Ltd
Brantford
Canada
Beacon Motor Car
Kentrd
Waban
Boston & Albany R. R
P. Selberg
Scale Builders
Portland Scale Company
Portland
A. J. Laney
Walker Bidg
Call Bay State Motor Car CO
Republic — CO. A Oes
Republic
Maxwell
Broadway
Somerville
Sullivan
Bowen
Sudbury St. Overland
Wollaston Centred
Wollaston Station
J. M. Barry
Green St
Camridge
Bromfield
DODGE
Medford
Packard
Pierce Arrow
M'Grath
B. B
Marks & Chester
Oer
Gale
Telet
Dudley St
Dudley Sq
Dudley Et
Sta
Max Keezer
Cambridge
Dorchester Ave
City
East
Gloucester
Maia
Main St
Howe & Stowe
Newport
Bona Fide
Walnut Gomerville
Masa
Mason-Whitakdr Company
Tremont
Cela
Machinista
Boston Scale & Mach. Co
Congress St
Millwright
Ae, Washburn & CO
Cna
George R. Washby
Ee Eae Shoe CO
Framingham, Ass
Nat. Prem. Co
Depor Rer
Beach Street
Old South Church
Army OF
United States
Olympia Bldg
Tremont Row
United States Marine Corps
Pos
Charles T. Moffett
Whitin Machine Works
Itinsville
Summerfield ,Co
Washington
Connecticut
Finn’s
Conn
Peter Shepherd
Williams Ave
Hyde Park
White Hou Cafe
Ulevyard
Thoner & Martens
Purchase Sgt
Hamilton & Parker CO
High St
Fort Hill Sq
Works of Merrimac Chemical CO
North Woburn
Gan
FAY & Scott, Dexter
Elmst
Rosston
Stathm Agency For Mass
Wright
Ford
Dallas
Texas
Variety Agency
P. O
Woonsocket, RK
Winthrop
W. J. Lawler
Kimball
Parristers’ Hall
Pemberton Sq
Scollay Sq
Charlestown
Ir Kitten Supply CO
Salem St
Allston
H. Y
Reno St
Standish Ave
Beacon Rd
Allerton Hill
Hull
Mame
Munroe
Newton
Nicholas Browne
Dedham
TOST
W. M
Stetson CO
St. Sound
Poe
Society BU Kinis i
Devonshire St
Ohio
Ly. C
Itry Gaereh R
CAR & Igs CO
Merrimac S
Bose