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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 08, 1916
Page
12
Stock prices rose slightly with gains in both New York and Boston. Notable activity includes Cuban-American Sugar advancing to 225 and Mohawk rising to 83, while United Cigar Mfrs. fell to 52 and Calumet & Hecla dropped to 535.
The Aug 7 New York market session saw volume reach a yearly high but most issues unchanged with many names not quoted. International Paper and Consolidated Gas moved while munition stocks lagged. copper rose, rails stayed flat, and overall bonds remained listless as United States bonds held steady.
The Boston market shows flat activity with tiny price moves across most issues. Mohawk edges higher while Boston and Maine slips on reports negotiations for reorganization falter. crop data due tomorrow and rail strike developments loom over sentiment.
Indications point to a market stagnation as priges have reached bottom. With favorable news, activity is expected to turn up, suggesting potential upward movement in the near term.
New York market report lists the day’s highest and lowest prices along with the latest sales. Stocks moved across sectors with notable activity in key industrial and utility shares, reflecting the day’s trading dynamics.
Boston stock table for August 7 lists highest and last sale prices for the day. Market activity shows tentative readings and price movements across listed shares.
Boston curb trading today showed broad activity but light volume with United Verde Extension up four points and New Cornelia up 1 24 net. The rest of the list moved irregularly amid varied fluctuations.
News from the era notes U S Steel subsidiaries raise structural steel and plate prices by two dollars per ton, with beams at 2.60 cents per pound and plates at three cents per pound. American Steel and Wire also lift barbed wire and wire nails prices, while copper markets hold around 26 1/2 cents per pound amid steady demand and buyers entering the market. The column mentions large potential earnings for Cuban American Sugar and details Wolverine Copper Company production declines due to winter, plus a government crop report predicting weak yields and a hot West.
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