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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 27, 1916
Page
12
Stock activity reports show New York sales of 892 400 shares and Boston 39 343. Texas Company led gains in New York, Mercantile Marine preferred fell, Calumet & Hecla rose in Boston, Conn. River declined.
Trading on New York exchanges showed speculative activity focusing on the Mexican situation with shares fluctuating as reports of possible US Mexico agreement spread. United States Steel rose modestly while Mercantile Marine preferred fell sharply and rails remained only modestly active. Total sales reached about 850,000 shares as bonds moved little and foreign remittance, marks, hardened slightly.
Boston markets rose on lingering hope of extended peace talks and delayed wartime adjustments. New York followed, while Germany’s demand for a peace conference and terms prompted a pullback from intraday highs. The merger between National Shawmut and Merchants bank was called off, with officials confirming ongoing independent operations and difficulties over disposing of a new Merchants building.
Spencer Trask & Co. offer an issue of refunding and improvement mortgage bonds for the Hydraulic Power Company of Niagara Falls. The company owns the oldest Niagara River power plant. For 1916, net income available for bond interest is stated as over three times the annual interest on total bonded debt.
The Fifth child of Emperor Francis Joseph writes of court life and royal tensions in a forthcoming Sunday Post feature. The author, the daughter rejected by the emperor, offers personal recollections of palace intrigue and dynastic pressures shaping Habsburg rule.
Market notes show numerous issues with high, low and close figures across industrials and utilities. Major players include Anaconda, Col Fuel, General Electric, United States Steel and Atlantic Coast interests with varied price ranges and several preferred issues.
Boston markets show today and last Saturday closes for bonds and stocks. Notable items include Am Tel & Tel 5s, AT&SF 4s, West T&T 5s, Am Sugar, Am Pneumatic, Algomah, Alaska Gold, Am Zinc, Chic June 5s, and US Smelt 6s with varied bids and closes.
Readable OCR fragment shows figures for Boston curb pricing and related costs. The numbers include 96 10 fe 159.79 100 92 134.00 and 78.81, indicating unit costs or measurements. No clear verbatim events or entities beyond Boston implied.
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