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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 21, 1915
Page
16
Stock prices in the HRM market show modest shifts as investors watch local firm performance and trading volumes. Analysts cite limited liquidity and cautious sentiment amid regional economic signals and corporate updates.
Total sales in New York 414100 shares and Boston 42996. Most active in New York was Steel with 41500 shares and in Boston Alaska Gold with 4592 shares. From Jan 1 1915 to date New York 167209200 shares and Boston 11733392 shares. Compared to last year New York 47723000 shares and Boston 3419745 shares. Notable gains Texas Co pt in New York 236 from 4 to 236. American Tobacco down 5% to 200. In Boston Greene Cananea rose to 47% from 234. General Electric fell to 173% from 134.
Market activity shifted from Europe to Mexico with American Smelting and Mexican Petroleum rising sharply amid de facto government shifts. Oil issues climbed as California Petroleum and Texas Company demand grew, while General Motors and United States Steel faced losses and rail shares showed steady demand.
Boston market notes moderate activity with copper rising to 2014 cents per pound but shares show little surge. Mexican developments draw interest though impact fades. Greene-Cananea up 2384 points to 4734 amid near full operation and potential 1 percent dividend. Alaska Gold misses gains on milling outlook while Submarine Boat hints at eight years of 6 percent dividends despite stock at low forties. Coal stocks inch up on rising coal prices and two month gain.
Boston stock market figures show high and low prices with fast trades and a comparison to the previous close for the session, listing securities traded on the Boston Stock Exchange.
Market notes show improved Mexican prospects lifting shares of American Smelters and Mexican Petroleum. Mexican Petroleum hits new high on renewed demand while American Smelters nears 1908 highs. Other items discuss United Light & Railways financing, Alaska Gold Mining milling results, and coal price increases amid strong industrial demand.
Irregular trading Leads with Anglo French 5s American Smelting 6s and Baltimore & Ohio convertible 44s among the active bonds. Prices show varied results across a broad list including Erie B debentures Green Bay & Western debentures and Northern Pacific 4s with a general note on U S Government bonds.
The United Drug Company special meeting to ratify the Riker Hegeman merger was adjourned to Friday with formal approval expected from Riker Hegeman stockholders. Boston Curb lists 102000 Naumkeak Copper and 350000 Mojave Tungsten shares for trading. John D. Pope resigns after 11 years as North Butte manager, to be replaced by Norman Braley.
In New York on Saturday several millions of pounds of copper sold at 20 cents a pound for March delivery, with strong domestic and foreign demand. Prospective buyers crowded the floor but supply ran short, and analysts expect the week’s activity to lift prices above recent levels amid improving demand for shelter and lead.
On the Metal Exchange G M B spot copper rose to £82 17s 6d with futures at £83 2s 6d, best selected copper up to £99 10s. Spot tin gained to £168 10s and futures to £169, Straits at £171 10s. Lead edged up to £28 17s 6d with futures down. spelter unchanged. Sales include copper spot 200 tons and futures 6 tons, tin spot 100 and futures 200.
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