Stock Prices Show Gains Across Sectors
Stocks firmed with several issues advancing a point or more while General Motors lagged. Copper prices rose slightly as overall markets steadied amid mixed sector performance.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 16, 1917
Page
12
Stocks firmed with several issues advancing a point or more while General Motors lagged. Copper prices rose slightly as overall markets steadied amid mixed sector performance.
Total sales in New York 537800. Boston 5238. Most active in NY Steel 64600. Boston Utah Metal 600. Year-to-date NY 126417200. Boston 3972783. Prior year NY 90326462. Boston 7053621. Biggest NY gain Great Northern Ore 2 percent to 36. Biggest NY loss General Motors 274 to 11254. Boston gain West End pref 1 percent to 5634. Boston loss Atlantic Gulf 144 to 105 percent.
August 15 trading showed alternating declines and recoveries with traders split between accounts. General Motors tumbled to 1103-4 from yesterday’s 117, while United States Steel firmed late at 1241-2. Total volume reached 575,000 shares as bonds eased and gold exports totaled 1.8 million dollars.
Market close shows varied results with highs and lows across leading issues. Traders reacted to morning gains and late selling as the list moved between peaks and troughs, with net changes indicating mixed sentiment.
Boston market activity yesterday centered on odd lots as confidence faltered amid weak local property finances and copper dependent securities. Some copper stocks inched higher while most changes were minor. Atlantic Gulf dropped, Boston Elevated rose on fare outlook, and Massachusetts Electric reports daily gains since July 15 with readjustment possible to boost income.
Boston market report lists today’s high and low quotations with safe quotes and net changes from the previous close.
The market opened firmer with steels showing strong gains while motors lagged. Bethlehem Steel and United States Steel led advances as copper and specialty stocks rose amid expectations of a new 8 percent preferred issue. Maxwell Motor and General Motors faced mixed moves with dividend actions and speculation about insider sales shaping demand.
August bond activity in New York shows mixed yields and unsettled tones. Participants cite inconsistent pricing on Treasury and corporate issues with several notes trading near key levels.
The park and recreation department announces a summer schedule of boys and girls swimming meets across Boston districts on August 23 at Tenean Beach Dewey Beach North End Park and Wood Island Park. Winners receive gold or silver medals. The final event is planned for Ida Park in the afternoon.
Fragmented OCR text shows partial rail and gas references, with scattered numbers and place names. The readable items include mentions of Bell, Pacific, Southern Ry and various route fragments, but no coherent event or date is discernible.
Ottawa reports J. Farrell of New Haven Connecticut has died of wounds received in France. The overseas casualty list lists his name today, confirming the fatal outcome of his injuries.
Poors Manual of Industrials for 1917 released with August 1 revision. It is the largest work of its kind and includes latest income accounts and balance sheets of industry firms with public interest. The entries are largely comparative to show business growth, aiding investors and bankers during a year of phenomenal industrial volume.
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