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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 09, 1916
Page
12
Boston stock report lists the highest bids and final sales for the day, detailing last trade prices and volume across key issues. The update reflects market activity in early August with emphasis on notable price movements and closing figures.
Trading grew more active with some improvement in tone. Notable issues featured Anglo-French 58, Chesapeake & Ohio convertible 5s, Mercantile Marine 43s, New York Central debenture 6s, United Railroads of San Francisco, and United States Steel 5s.
The editor notes Southern Railway common stock trades under 25 while the company rebuilt after war losses. It earned 38 percent on price in 1916 with $9.36 million surplus, and promoters expect equity growth without new stock while improving lines and double tracking from Washington to Atlanta.
Yesterday the market showed strength and higher activity with New York total sales at 253,506 shares and Boston at 11,145. Mercantile Marine ptd led New York with 45,400 shares traded. Tuolumne topped Boston with 1,600. Year to date totals: New York 87,876,491 shares and Boston 6,919,703. Compared with last year, New York reached 63,959,600 and Boston 6,545,496. Largest gains and losses featured Mercantile Marine pfd in New York to 93 and United Cigars Mars down, Isle Royale up to 28 in Boston, Conn. River falling to 150.
New York August market shows bullish tilt as labor settlement progress and easy money boost sentiment. Corn and spring wheat crop reports dampen some gains though folding into a generally steady session with Mercantile Marine and Pacific Mail leading gains. United States Steel edges near 87 as rails and petroleum issues rise amid mixed demand. Petal sales reach 255000 shares.
Boston officials report firmer copper prices with Tamarack rising after a brief dip. Mohawk advances to 84 1 2, Isle Royale up to 48, Atlantic Gulf West Indies firm then strong, Old Dominion and Osceola up, while American Zinc shows little activity. Brokers foresee a bullish copper trend in fall.
The foreign exchange market stayed steady on Aug 7 with bankers reporting afternoon rates. Sterling-Cables at 4.764 in demand 4.7574, Francs 5.9044, marks 72, guilders 417 16, lire 6.45.
The British steam ship Trident of 3129 tons gross is believed sunk according to Lloyds shipping agency. Built at Stockton in 1902, the vessel had Newcastle as its home port.
Dorchester resident Mrs Florence M Hoey died after a long illness at 188 Talbot Avenue. Former West End organist at St Josephs Church, she leaves four sons and a daughter. Funeral services set for St Leo's Church in Dorchester at 10 a m Friday.
Frederick H H Prince a Boston banker and wife hold on to hope for their son Norman a daring aviator in the French army reported missing in Paris dispatches. Mrs Prince said they still live in hope while Prince seeks communication with Paris officials in New York. The last letter from Norman arrived eight days ago stating he was at a front some where in France.
Vermont authorities consider a 10000 loan to support dependents of militiamen. The executive committee led by Governor Gates will draft a plan and report by August 15 after surveying each militia company’s needs.
A Sunday Post Magazine double page highlights people who overcome severe handicaps. The spread mixes photographs with stories to show resilience and courage in adversity.
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