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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 10, 1918
Page
10
Local market shows gains with steel prices above 111 and equipment values rising. Fairbanks and Booth report strong features as rails and related sectors improve amid buying interest.
Total sales in New York 321300 shares and Boston 13666 shares. Most active issue in New York Steel 101600 shares and Boston Fairbanks 2464 shares. Year to date totals Jan 1 1918 to date New York 83221536 and Boston 2020357 shares. Corresponding period last year New York 124355800 and Boston 3941407 shares.
Gratifying war news and prospects of an amicable railroad settlement lift the New York market. United States Steel jumps to 1116-8, Baldwin Locomotive gains, and other rails and industrials firm. Bond activity firmer with total sales around 7.45 million dollars.
New York stocks show daily high and low values with closing quotations and net changes from the previous close. The report lists price ranges for major securities as of today, reflecting market movement and sentiment on August 9.
The Boston market yesterday featured persistent gains in Fairbanks and solid activity in Swift and Booth Fisheries. Island Creek and Calumet & Arizona rose at least a point while many issues posted fractional gains. Amos Keag fell to 75. Fairbanks surged early to a new high of 48 1/4, then settled at 47 3/4, aided by strong earnings outlook. Swift & Co. advanced to 111 1/2 and closed at the top, up 1 1/2, with Booth Fisheries also showing strength.
Trading showed higher volume led by Steel common which broke through 110 to 111 5 8, the strongest since May as market optimism grows on Allied advances and signs a big push may be underway. Baldwin Locomotive also strong while investors price in a 4.25 dividend and a new stock plan.
Boston stock report for August 9 shows intraday high and low quotations with the closing figures and net changes from the previous close. Market activity reflected broad moves across leading issues and sectors.
Waterfront calendar for August tenth notes tides and celestial events while a fogbound harbor incident reports a Boston Sand & Gravel lighter sunk after a collision with a navy destroyer near Deer Island Faun Bar. Crew evacuated safely as divers and pumps prepare to seal the hull. Landman.
A. P. Colburn of the U. S. Bureau of Markets issues yesterday a local market report listing abundant vegetables such as beans beets carrots cucumbers corn cabbage and potatoes normal supplies for onions celery tomatoes squash pears apples cantaloupes and scarce supply of spinach lettuce parsnips radishes.
Francis William Bird of East Walpole died at Massachusetts General Hospital from pneumonia after nasal surgery. He was former publisher of the Boston Record and Advertiser and son of Charles Sumner Bird, the former Progressive party leader. He also served as assistant U S district attorney for Southern New York and as port of New York appraiser.
Funeral set for tomorrow at 2 PM at East Walpole home of Mr Bird's father. Charles W Bird Jr andMargery W Fhelps of Boston among survivors. Bird, Harvard graduate of 1906, once U S district attorney candidate, led Boston Daily Advertiser and Evening Record, later ill.
CAMP DEVENS Aug. 9 Three more captains were commissioned majors today for the new division bringing seven elevated in two days to complete the organization before the commanding divisional commander arrives and the new regiments are in full working order.
Secretary Baker outlined a plan to defer younger men by age through a set of questions and rules, favoring an 18 to 19 preferential deferment. He testified before the Senate committee amid debate on expanding classifications and extending draft ages to speed war mobilization.
The constitutional convention reversed Thursday action on a civil service extension resolution. After reconsideration the measure was passed to a third reading and then killed, stopping an extension to cover nearly every appointive state, county, city, and town position.
An open air rally hosted by the War Service Unit will feature community singing and motion pictures with navy recruiting offerings. The event is set for 8:16 PM on the grounds of the Jamaica Plain Municipal Building located on Centre Street.
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