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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 15, 1916
Page
21
New York funds and markets showed strength with Sub-Treasury operations aiding bank balances. The foreign exchange market hardened with bankers noting higher afternoon rates for sterling, francs, marks, guilders, and rubles.
Total sales New York 2 498 200 shares Boston 72 069 shares. Most active issue in New York Steel 776 800 shares. American Zinc Boston 7960 shares. Year to date totals New York 213 444 037 shares Boston 12 427 589 shares. Ex dividend today expected to depress prices attracting bargain hunters aiding decline check.
New York traders faced another sharp decline with the overall market dropping from 6 to 12 points below recent lows and 20 to nearly 50 points off peak. United States Steel led the losses, slipping 7 1 2 points to 112 3 4, while Bethlehem Steel fell 1 0 to 5 8 0 as industrials and the war group weighed on volumes totaling 2 500 000 shares amid persistent short selling and German peace jitters.
Boston market traders faced renewed liquidation as metal stocks fell three to five points amid light selling. American Zinc dropped five to 48 1/2, United States Smelting down to 67 1/4, Atlantic Gulf sliding 10, while Butte & Superior and Mohawk held firmer. Atlantic Gulf’s decline came with small volume despite prior rally, and traders predicted earnings strength on war continued demand, even as potential peace might ease rates later.
Samuel Kaplan of Chestnut street Chelsea appeared before Judge Sheehan in Municipal Court on larceny and a more serious charge of attacking a small girl on Myrtle street on November 16. The case was continued.
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