Stocks Rally Then Drop as President's Message Moves Market
Trading in New York opened heavy with broad declines after early gains during the President's address. United States Steel led losses from 2 to 8.77? 8, with other rails and metals slipping 2 to 8 points and overall turnover around 650000 shares. Bond sales were weak, Liberty at 97.56 to 97.76, Panama 3s up to 4 percent.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Pennsylvania
St. Paul
Baltimore & Ohio
Ixennecott
Marine
Liberty
United States
Panama
New York and Boston Stock Quotes Dec 4
The report lists high low and closing quotations for New York and Boston markets for December 4 with net changes from the previous close. It notes bonds in the market updates alongside the stock figures.
MENTIONED IN THIS ARTICLE
New York
Boston
Stock Prices Rally Slips Amid Heavy War Market Losses
War stocks shed 2 to 3 points with U S Steel hitting a new low. Marine preferred shares fall 5 points while rails decline fractionally. Local list shows weak demand and subdued trading.
MENTIONED IN THIS ARTICLE
U. S. Steel
D Marine
Stock Market Totals and Lead Movers Across Two Cities
Reported total sales in New York reach 218 119 446 shares for 1917 and Boston 5 826 339 shares. Most active New York steel issue 132 500 shares while American Telephone leads Boston with 592 shares. Gains and losses highlight Royal Dutch and Calumet and Hecla with moves from 21 2 to 72 1 2 and 5 to 425 respectively.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
American Telephone
American Tobacco
Royal Dutch
Quincy
Calumet & Hecla
Market declines after President's message on price limits
Boston market mirrors New York trading with little change until the President's message outlines further price controls and anti profiteering. Shares like Swift & Co United Fruit fall hardest while copper stocks soften and Laconia Car Company faces creditor arranged supervision and revised claims with 6 percent interest to July 1 1918. Porphyry copper producers report November declines and Kennecott cuts its dividend to $1.00 per share.
MENTIONED IN THIS ARTICLE
New York
Swift & Co
United Fruit
American Telephone
Massachusetts Electric Preferred
Laconia
Porphyry Copper Companies
Kennecott
Money Markets and Loan Rates Summary
The market shows brokers' customers' loans at 6 percent and outside brokers' call loans at 6 percent. Customers' commercial loans range from 54 to 6 percent, with individual customers' collateral at 43 to 8 percent. Commercial paper quotes around 54 percent and year money at 5 percent. Bar silver in New York is noted with a year 0e reference.
MENTIONED IN THIS ARTICLE
New York
Metropolitan Trust Joins Federal Reserve
The Metropolitan Trust Company has been admitted to membership in the Federal Reserve System, expanding its role within the national monetary framework. The announcement highlights the bank’s inclusion among federal reserve members and reflects ongoing changes in the regional banking landscape.
MENTIONED IN THIS ARTICLE
Metropolitan Trust
Federal Reserve
The
Metropolitan Trust Company
Federal Reserve System
Congressmen Tax Play Session Proposes Income Tax
Washington December 4 amendments to the war tax law began to pile in with Congress adjournments under way. Senator Smoot proposed repeal of postal rate increases while Senator Calder urged one cent post cards. Senator Pomerene introduced an amendment to compel Congressmen to pay income taxes.
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