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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 09, 1918
Page
12
The market showed broad strength with leaders gaining modest amounts while many specialties hit new high prices. Bankers reassured that treasury certificates would not strain money markets, and pools pressed higher on continued optimism.
A stock outlook praising Champion Copper mining, noting drilling activity and upcoming mill results as catalysts. Cites United Verde Extension as a historical parallel, urges investors to buy and hold Champion against traders, with Boston broker Richard J. Burton & Co. promoting the idea of a future market rise.
Equipment stocks and General Motors push the market higher as bonds remain weak and the Liberty issue shows strength. The financial page highlights a general advance with notable gains in industrials and auto sectors.
Yesterday's market totals show New York sales at 525 100 and Boston at 8689 shares. Standard Milling led New York gains rising to 91 ½, while St L S W 1st pref fell to 35. Booth Fisheries topped Boston gains to 24 ½ and Warren Bros dropped to 12 ½.
New York quotations for 14 issues show varied gains and losses. Notable volumes include Am Can, Gen Elec, United Verde, and Bethlehem Steel with mixed net changes from the prior close.
Boston market page lists high, low and last prices for bonds and stocks with multiple issuers and guarantees. It notes percent changes and closing figures across listings including Liberty bonds, Am T and T, City of Paris, Paris and Tokyo issues, plus miscellaneous industrials and utilities.
New York price movements were subdued with tentative short covering ahead of holidays. Industrials, shippings, oils and motors led activity while rails stayed apathetic. General Motors rose 5/8, bonds firm, Liberty bonds slipped to 95.28, total sales $4.42 million.
Boston market quotes show small mixed changes with Island Creek Coal up to 56 and Swift at 126 1 8, Booth Fisheries reaching a new high at 243 4, while North Lake stock at 50 cents and new 10.50 payment including assessment. New Hampshire bills on interstate tax reciprocity could curb cross border deposits as savings banks eye Massachusetts residents.
A partial stock list shows 300 Va I C and 85 500 Wab pfd A and 4154 800 West Pacific with 153 percent and 3 300 West Md. 16 1 200 do 2d pref 2914 100 W Pac pfd 57 700 West Union. ex dividend notes appear among prices and percent figures including 41% 15% 14% 26-29 14 BT OT 99 90 41. 41 ag.
The Springfield Fire and Marine Insurance Co of Massachusetts reports total assets of 13 224 033 up 1 262 057 from last year and net surplus of 2 525 719 up 11 267. Premiums written reach 7 667 342 up 843 415. Reinsurance reserve stands at 7 226 19 up 1 066 527. Incorporated in 1849 the company endured the Boston fire and has paid policyholders over 72 282 000 since formation.
Late tonight Colonel Roosevelt rested under care as Dr. Harold Keyes and Dr. Walton Martin reported a very comfortable day with normal temperature and pulse. Rumors of Roosevelt’s death spread via Wall Street and telegraph wires, but hospital bulletins confirmed progress and a lighter nourishment plan.
February money markets show current prices with six percent for brokers loans and various customer loans. Foreign exchange rates ease with afternoon banker rates for sterling and other currencies. New York Sub-Treasury debit shows a net loss and bank losses on operations.
A hospital scene shifts from gloom to optimism as Colonel Roosevelt shows satisfactory progress after examinations by Drs Martin and Duel. Reports note normal temperature and pulse, nourishment retained, and subsiding ear inflammation. Leaders and dignitaries visit, with flowers flooding wards per Mrs Roosevelt’s orders.
Two vessels delivered 25000 pounds of fish with receipts smaller than prior days while wholesale prices eased. Dealers quoted steak cod at 113-4 to 13 1-2 cents, market cod 9 to 10, haddock 7-4 to 9, and pollock 7-2 to 12 per pound as three vessels held over yesterday.
A Dover New Hampshire letter to the editor recounts a dream predicting a disaster befalling soldiers. The writer describes a scene on Third and Chestnut streets with red horses and a pale blue fish cart, then Turks and Syrians in a house, and a later warning about police action on Central avenue. He asks readers for interpretations and notes the date February 6.
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