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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 18, 1916
Page
13
Market activity shows strength with spotty results. New York total sales reach 92,028,433 shares since Jan 1, 1916, while Boston totals are 7,107,215 shares. Diamond Match leads gains in New York and Calumet & Hecla tops Boston gains. Lorillard and Nipe Bay post notable losses.
The Sunbeam Motion Picture Corporation emphasizes cooperative talent across screen, script, and finance led by Mrs. L. Case Russell and John D. Raridan with Harry E. Yost as treasurer. It claims potential 50 percent annual dividends and rapid earnings growth, forecasting a major cinema impact and rising stock from $5 to as high as $100 per share.
The New York market reflects the railway labor crisis after President Wilson summons executives. Transport shares fall while shipping issues rise, with Mercantile Marine stock hitting a new high and United States Steel near its 1909 peak. Utilities and coppers show activity as bond turnover totals about $4.05 million.
The Boston market shows mixed results with losses offsetting gains as copper optimism grows. American Telephone hits a 1913 high of 132 1 4 amid chatter of new financing for stockholders. Atlantic Gulf and Mercantile shares gain, Copper Range declares a $1.50 dividend plus $1 extra, Champion adds $6.40, totaling $68 since February 1915. Boston Maine stalls near receivership risk with notes due in two weeks.
Boston stocks show mixed activity with notable highs and lows as traders assess recent market signals. Last sales figures remain unsettled, reflecting cautious sentiment across the trading day.
Wilbur Dunham leads Sunbeam with Mitzi Hajos Vaughan Glaser and other stars. Four producing companies will create weekly five reel features from a new studio. George Ridgwell, head of production, aims for balanced sober pictures and natural talent selection over vanity and sensationalism.
A limited allotment of treasury shares is offered at five dollars per share to New England investors with advance price protection. The issue has started strong in the West and aims for a national base of 20,000 stockholders. The plan limits distribution to avoid control by any single group and requires voting common stockholders to promote Sunbeam productions and provide constructive feedback to improve distribution and work.
An advertisement pitches massive profits as the moving picture industry floods upward. The company claims control of production to exhibition, urging subscriptions of 20 to 1000 shares and offering literature and personal interviews through its offices to potential investors.
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