Stock Markets Active and Buoyant in Early Trade
Reading up seven points steel leads with a new high record gains of three to five points. Mass Electric preferred stock features as a strong local market indicator.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 10, 1916
Page
16
Reading up seven points steel leads with a new high record gains of three to five points. Mass Electric preferred stock features as a strong local market indicator.
Market totals show New York sales of 571, 988 shares and Boston 26, 085. Steel led New York activity with 86, 500 shares and Atlantic Gulf led Boston with 7, 242. YTD totals through Jan 1 1916: New York 88, 448, 479. Boston 6, 945, 788. From last year New York 81, 111, 700. Boston 7, 387, 886. Major gains Reading 67 percent to 101 in New York. loss U S Rus Inv pf 1 to 18. In Boston, gains Nipe Bay 4 to 155 and losses Calumet & Hecla 5 to 530.
A broad market rise led by rails and steel as rumors of railroad union mediation spurred gains. United States Steel jumped 13-4 to 885-8 after large block trades, while Marine shares and paper makers posted notable increases. Total volume reached 560,000 shares with bonds also rising.
Boston market volumes quadrupled from recent sessions led by gains in Massachusetts Electric and Tamarack. Atlantic Gulf and copper stocks rose while railroad mediation eased investor concerns. Brokers expect several days of active trading ahead despite a poor crop report.
Aug 9 market figures show highest, lowest and last prices for listed stocks with last sale data. Ajax Rubber and Allied companies appear with mixed bid and ask levels, Am Beet Sugar and Am Can among notable entries, reflecting varied trading activity.
The Kapo Manufacturing Company of Boston produces patented life preservers cushions and garments using Kapok, claiming broad adoption by U S and foreign ships and German navy usage in mattresses. The firm seeks investors, invites visits to its plant, and lists offices in Boston New York Philadelphia Baltimore Wilmington.
The report shows diverse bond transactions with items from Canada to Cuba and U S issues. It notes a range of 5s to 6s and various maturities, with totals of $3.7 million in sales and weekly and year comparisons.
Old Dominion produced 3 852 000 pounds in July, higher than 3 199 000 pounds in the same month in 1915. June output stood at 3 843 000 pounds.
Telegraphed price tables show New York futures for October through July trading in the 14.3 to 15.0 cent range with spot around 14.45. New Orleans open higher at 14.12 to 14.49 with notable spot and futures activity and 5 000 bales sold amid 1 090 receipts.
The Street sentiment improves as the rail wage dispute nears a settlement and crop fears lessen. Traders point to rising prices with heavy May wheat activity and Steel reaching new highs signaling a broader market upturn. American Telephone earnings are forecast to exceed prior records as investors weigh depreciation costs and future growth.
Current quotations show call loans at 3 to 34 percent, customer and collateral loan ranges, and trade in agricultural paper. Sub-Treasury operations and clearing house activity noted with net losses since Friday, while foreign exchange markets remain practically unchanged with specific rates listed for sterling, francs, marks, guilders, and y.
Boston stock prices and last sales. war era gold imports near 490 million. Reports show 1914 fiscal exports at 112 million and American Beet Sugar at 2 280 000 bags, Cerro de Pasco July yield 6 350 000 pounds, Union Natural Gas six months ended June 30 gross 3 196 024 net 2 300 751 surplus 1 625 069.
The Hidden Creek smelter processed 80 921 tons in July versus 74 520 in June, implying nearly 3 000 000 pounds produced. Since July 1914 imports of gold exceed 732 million dollars while exports total 242.5 million, with 138.5 million sent abroad in the first half of that span.
Female tortoise shell Persian cat missing from an auto between Back Bay and Salem Street Medford on July 3 evening. Reward offered. Contact 101 Salem Street Medford or Tel Med 675 R.
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