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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 07, 1918
Page
12
The article analyzes railroad stocks after government seizure and McAdoo's return to Washington. It notes prices near 1907 lows, dividends for key railways, and expectations of better postwar conditions with a 21 month guaranteed income. Prominent bankers foresee a big upward move as peace nears.
An exceptional investment of merit is announced by Holland & Company at 2 Broadway New York in Booklet 46 V. The notice highlights potential returns and the firm's stance for investors seeking stable gains amid market variability.
Total sales in New York reach 243 700 shares and Boston 7 736. most active issue in New York is Steel with 79 100 shares and in Boston Ventura at 1 500 shares. Year to date totals Jan 1 1918 to date list New York 82 584 736 shares and Boston 1 989 819. figures for the corresponding period last year were New York 122 721 900 and Boston 3 911 011.
Traders edged to a conservative stance after the Federal Reserve Bank urged banks to conserve credits. Market broadening with active specials, General Motors up 5 1 2, United States Steel at its open high, rails quiet, oils steady, and total volume around 245000 shares. Bond market mixed with internal issues stronger while domestic issues eased.
Boston market report lists today’s high and low stock quotations and the closing figures with net changes from the prior session. The update covers multiple issues traded, indicating shifts in price and overall market direction for the day.
Moderate local trading left most prices unchanged as few issues posted gains. American Zinc Arizona Commercial Butte & Superior East Butte Granby U S Smelting Utah Consolidated rose fractionally while others fell. Wolverine earnings slump hints at possible dividend cut. Am Ahmeek and Mexican Petroleum show limited moves amid NY activity.
Aug 6 current prices show brokers and customers loans at 6 percent across categories. Rediscounts of commercial paper depend on days to run from 15 days or less to 90 days with various secured notes. Certificates of indebtedness and Liberty Loan bonds are mentioned in brief.
Scribbled listings indicate varied bond and note prices with several firms and commodities cited. Prominent mentions include Penn, Pere Marquette, Wabash and Seaboard with mixed yields around 7 to 9 percent and several par values noted.
London reports a Zeppelin raid against the East Anglian coast failed as British pilots met the intruders at sea. One airship was destroyed in flames, a second damaged, and a third driven off. Two others remaining unidentified. No bombs confirmed and crews protected ships from pursuing fighters.
It is semi officially announced here that a large quantity of American owned merchandise, originating in countries now at war with the United States, will not be shipped to owners in America. Instead the merchandise will be sold in Holland by permission of the American War Trade Board through the Netherlands Overseas.
An attack on the Dennett and Price war plant in Haverhill was reported to federal authorities. Intruders allegedly entered the factory making scabbards for the army, cut belts, damaged dynamos, removed oil cups, ruined office records, and dumped materials into oil and water vats. Officials suspect German spies or sympathizers.
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