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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 11, 1916
Page
12
The page lists diverse stock quotes across industries including automobile and steel firms such as General Motors and Studebaker, energy and mining outfits like Mex Petroleum and Utah Copper, and retailers like Sears Roebuck. Ex-dividend and price data accompany many names, with volumes and percentages interspersed.
Late trading shows Consolidated Gas United States Industrial Alcohol and related issues active while General Motors jumps 25 points on select trades. Steel closes down 7 8 with Union Pacific off 13 8 as total volume hits 555000 shares. British loan negotiations near completion with anticipated favorable terms. Foreign exchange shows easier sterling francs. marks firm.
Total sales in New York 562,807 shares and Boston 22,616 shares. Reading led New York with 86,600 and Atlantic Gulf led Boston with 4 255. Year to date totals read New York 89,011,286 shares and Boston 6,968,404. Comparisons show New York 82,206,200 and Boston 7,431,708 last year. Cuban American Sugar gained to 228, Willys Overland fell to 52 percent. Centennial rose to 17 in Boston. Mass Electric preferred fell to 41 percent.
In New York on Aug 10, trading extended modest gains before retreating in late session profit-taking. Rail mediation talks dampened sentiment though high grade issues drew demand, Reading led advances before closing down 1 1 2 points after a strong prior rise. United States Steel and Mercantile Marine markets steadied ahead of a reorganization plan publication.
W C Mack lists officers and directors including President George A Baker and Directors Bernard Hoersgen and Warren C Daniel. Addresses shown include 68 Devonshire Street Boston and New York office at 2035 Candler Building.
Boston market shows stronger interest in copper shares amid wartime metal demand. Reports field higher prices with Russia placing orders for 5000 tons and producers seeking around 27 cents a pound for next quarter. Notable gains include Ray Consolidated and Utah Copper with robust earnings and prospects of continued dividends.
Preliminary Goldfield Consolidated report for July notes 26,700 tons mined with gross value of 183000. Expenses reached 153000, leaving a net of 30000. Net in June stood at 40458 from 29000 tons produced.
Gross earnings for Rock Island for the year ended June 30 reached 75 346 000, up 4 400 000 from last year and 4 000 000 above the best prior year 1918. Net earnings after charges amounted to 2 927 000, reversing a 734 000 deficit in 1915 and showing an increase of 3 662 000.
Industry observers forecast Steel common quarterly earnings around 100 million dollars with potential 110 to 120 million for the year’s final quarter. Analysts cite orders on hand, high steel prices, and continued demand, while dividend policy may adjust to record profits amid war-time market conditions.
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