Se makers’ Outing at Bags Point Host By MA Sealer Group
The Massachusetts Association of Sealers of Weights and Measures holds its annual outing at Bags Point today with about 200 members expected to attend.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 29, 1917
Page
12
The Massachusetts Association of Sealers of Weights and Measures holds its annual outing at Bags Point today with about 200 members expected to attend.
War stocks and specialties suffer sharp losses from two to five points with general market drift. Crucible posts a 63 to 8 decline while U S Steel trades below 119 as rails remain comparatively firm and local listings show weakness.
Total sales yesterday across New York and Boston listed at 571 200 and 13087 shares. New York led with Steel at 82600 while Boston saw Utah Apex at 1250. Year to date totals show New York 131 226 700 shares and Boston 4 086 395 shares. Comparison to last year shows New York 98 581 084 and Boston 7 374 614. Notable changes include Warren Bros prof rising to 48 from 3 and Crucible Steel dropping to 703 8 from 638, Punta Alegre advancing to 367 8 and Calumet & Hecla sliding to 550.
Prices and taxes policy worries dampen trading as Russian ruble drops deepen credit fears. Bethlehem Steel outlines higher fixed charges, US Steel slips to 119, Studebaker sinks to 46 1/2, General Motors down 25 1/2, utilities slide with Ohio Gas tumbling 31 2. Total volume 565000 shares. bonds broadly steadier with Liberty issue around 99.95.
Boston market trades follow New York slide with notable losses across sectors. Copper stocks weaken led by Utah. Atlantic Gulf and Mohawk fall. United Fruit drops to new low. Amer i can Telephone and New England Telephone slide amid ex dividend moves.
New York stocks closed with mixed results as traders noted shifts in high and low prices. Quotations show daily movement from the prior close across multiple leaders, reflecting broad market volatility and investor caution.
A financial column analyzes a prolonged bear market since early 1917, tracing the ups and downs from the 1914 war start to the recent lows. It cites easy money, federal policy, and war profits as drivers, noting a shift as gold exports rise and war profits cap. The piece predicts further declines before a new resting place.
Boston market bulletin shows today’s high and low quotations with the latest net changes from the prior session. Financial figures list daily activity across multiple stocks, reflecting gains and losses in the current trading session.
Current prices show broad loan rates from 4% to 6% across brokers customers loans and commercial loans. Federal Reserve notes and treasury dealings outline rediscount eligibility and exchange activity in Boston and New York with strong gains and a noted rouble weakness in the international market.
Toronto report says the military conscription bill for the Dominion of Canada became law after being signed by the governor general. The measure was brought from Ottawa by special messenger to formalize the act.
The report shows uneven bond prices with several issues trading around midrange values. Total weekly sales reach $2.5 million compared with last week and prior year, while year-to-date figures total $633.8 million in activity versus $688.2 million and $525.0 million in prior periods.
Amsterdam reports the Vosische Zeitung says Germany faces an imminent shortage of school books. Publishers may use remaining paper stocks but will receive no more paper for books.
In Chicago on Aug 2, President Johnson announced automatic five day suspensions for pitchers found using licorice balls or discoloring the ball. Umpires and managers are instructed to enforce the rule against ball tampering.
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