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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 26, 1916
Page
10
General reaction in stock prices mixed as gains of a point or more are common. Consolidated Gas and Weak-Steel show declines while Rails soften. Tamarack remains a weak feature though the overall list stays fairly firm.
New York total sales 761 363 shares Boston 48117. Most active NY issue Steel 150200 shares. Most active Boston issue East Butte 13495 shares. Year to date totals Jan 1 1916 to date NY 97725831 Boston 7340461. Corresponding period last year NY 93578800 Boston 7820363. Greatest gain NY Burns Bros 8 to 74. Greatest loss NY M St P S S M pref 374 to 131%. Greatest gain Boston Calumet Hecla 12% to 570. Greatest loss Boston Tamarack 334 to 38%.
New York trading showed profit-taking as weekend approaching heightened concern over railway labor disputes and inflated late bull accounts. United States Steel led early gains but slipped to close near 7. The day saw light bond activity and steady ruble strength while other stocks faltered in late selling.
The Ajax Rubber Company declares a quarterly dividend of 1.25 dollars per share payable September 15 1916 to stockholders of record August 31 1916. Magma Copper Company declares a quarterly dividend of 0.50 dollars per share payable September 30 1916 to stockholders of record September 8 1916.
Boston market traders saw mixed action with Calumet and Hecla rising to 570 on a proposed Tamarack treasury dividend to Calumet holders. Tamarack fell 3 4 points as Calumet stockholders may cash in the plum while Tamarack loses strength. Atlantic Gulf & West Indies declares 5 percent preferred dividend. common stock unchanged. Automated cash from vessel sales funds another steamship company expansion. American Agricultural Chemical Company expected to raise common dividend to 5 percent next month as earnings fund balance sheet growth.
Boston today shows the highest and lowest prices and last sales recorded. The market summary lists notable price movements with buyers and sellers active in the session.
Strength in National Zinc led local curb dealings with rapid recovery after an early slip from 91 to 86 cents. The issue closed up 11 16 cents for a net advance of 14 34 cents. Truro Steel and United Verdé Extension moved modestly, with numerous fractional gains in dollar issues. Total sales reached 98 458 shares.
The market paused after Steel common neared a record high as profit taking trimmed gains. Calumet & Hecla distributes Tamarack stock to holders, ending takeover hopes. Atchison reports record July earnings. Ohio Copper plans reorganization facing stockholder opposition amid bankruptcy stay motion. International Mercantile Marine shows waning shares and July earnings uncertainty.
Copper markets hold firm on producer and second hand bids with 1916 deliveries at 273 4 28c and 1917 at 21 271 2c. Spelter markets dull while lead remains firm with AS andR pricing for August and September. Lbtin and nickel quoted with various spot and futures values in New York and London.
Calendar notes tides sun and moon for August 26 including tides morning 8 ft 2 in and evening 9 ft 4 in. Full moons Sept 11 and Oct 11. Evening star Mars. Morning stars Venus Jupiter Saturn. 239th day of year 757th day of war with 27 days of summer remaining.
Yesterday six vessels brought groundfish to the pier. tilefish came on one vessel and mackerel by three seiners while a swordfisherman arrived. Wholesale prices listed include haddock 21 2 to 3, steak cod 71 2 to 9, mackerel 91 2 to 10, tilefish 4, swordfish 15 cents. Vessel totals show Arbitator 7 000 haddock 13 000 cod 5 000 pollock. Rebecca 1 200 haddock 10 000 cod. R Russell 8 600 haddock 2 000 cod 2 000 pollock. Phil Manter 1 000 haddock 186 000 cod 300 pollock. Swell 20 000 haddock 1 000 cod 100 pollock 100 hake. Waltham 60 000 tilefish. The mackerel arrivals were Jenna 8 000 and N Bruce 8 000, Eliza Benner brought 74 swordfish.
Shipping notices list arrivals and movements of numerous steamers and schooners from ports including Br. and N. C. to Halifax Charlottetown Hawkesbury and Toronto with ships such as Prince Arthur Kinney Hawes Massasoit and Machiasport along with tugs barges and towing vessels like Varina Patience and Earl Pa tience. The long list names many ships and destinations in a single update.
The page summarizes U S government bonds and corporate issue prices with listings from United States Government Bonds to Canadian and Japanese issues. It notes closing figures, yesterday and week comparisons, and year to date totals, with bond transactions and total sales reported.
A detailed navally themed schedule lists vessels sailing from Sewalls Point and ports to New York Philadelphia and other locations. It names steamers, tugs, and towing barges along with associated masters and destinations, including multiple calls at Salem Bath and Baltimore and barge transfers at various ports.
Everett mayor announces he will not run again after five years in office. The field includes Aldermen John J. Mullen Clinton E. Hobbs and Frank Rich. Charles Bruce, former mayor, urged to enter. an answer is expected soon.
The Waltham Bleachery and Dye Works in Waltham said it could not grant strikers’ demands for reducing weekly hours from 68 to 64 with the same pay and announced it would close the plant after a three day strike.
The Boston & Maine Minority Stockholders Protective Association filed a formal notice to contest a receiver appointment. The hearing in U S District Court is scheduled for next Tuesday or Wednesday.
Asa P. French and Conrad W. Crocker file petition to intervene as defendants in the receivership proceeding. Edward F. Searle, major Methuen taxpayer and bondholder, seeks to join Intercontinental Rubber Company of New Jersey, creditor of the road. Francis V. Streeter leads Minority Stockholders Protective Association asking to file a demurrer or answer to the New Jersey company’s bill.
Washington aug 25 congress moves to adjourn next Friday amid threats of members to press special bills for consideration over protests by administration leaders A joint resolution for adjournment is expected after the general deficiency appropriation bill clears the House likely Tuesday Democratic leaders say the measure will pass and curb a senate fight over the Owen corrupt practices bill amid charges of political corruption yesterday
Bids filed with the public works department show asphalt paving three inches thick on Boston streets increasing from 1.60 to 2.12 per yard since July 19. Central Construction Company led by Senator James P. Timilty remains the lowest bidder on contracts exceeding 100000, with a new figure 52 cents higher per square yard for a contract over 220000.
A motion before Judge Crosby in the Supreme Court seeks a ruling on funds and property to be transferred from Bromfield Street M. E. Church trustees to the board of trustees named by the court. Master Walter F. Frederick, who heard the three year case, is to determine the amounts involved. The trustees are believed to hold about $45,000 in accumulated income and property. The motion was taken under advisement.
Miss Doro thy FE Hirtle, 24, of 377 Loring Avenue, left home saying she would take a dip in the sea. She met Charles A Towne, 29, assistant manager of the Suntang Inn Lynnfield, and they married in Bellows Falls Vermont.
Mrs. F. C. Letts Jr of Cincinnati defeated Miss Laurie Kaiser of Flossmoor Chicago 8 and 1 to win the Western Women's Golf championship at Kent Country Club in Grand Rapids Michigan on August 25.
Announces births for Wilma Elizabeth Blazo Henry True James and others. Lists marriages Adele Rauch Chambers Taylor Hanford Woodward Parmelee and more in New York notices. Provides extensive obituaries and funeral details across Boston area towns with dates August 1916 and multiple listings.
In memory of Michael Ivory who died August 26 1618 and Henry J McCormack who departed this life August 26 1914. Frances B Ivory and family offer loving memorials asking rest in peace.
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