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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 16, 1917
Page
16
In Santa Fe on February 15 the State Senate introduced a bill to abolish the National Guard of New Mexico. Proponents call the guard a costly paper showing and say last year’s recruiting drive failed. They claim many members are from other states who would depart after muster out.
Total sales New York 312700 shares and Boston 17636 shares. Most active New York steel 48900 shares. Boston copper range 2300 shares. Year to date Jan 1 1917 New York 29417524 shares Boston 1519399 shares. Against last year New York 23381746 shares Boston 1730185 shares. Greatest gain New York United Cigar Mfrs pref 4 to 104. Greatest loss New York N Y C & St L 2d pref 10 12 to 57. Greatest gain Boston New England Cotton Yarn 10 to 65. Greatest loss Boston Rutland pref 2 to 31.
New York trading saw over 290000 shares, with standard stocks slipping and rails wavering. United States Steel and Bethlehem Steel fell, while Motors and utilities slid 1 to 3 points. some sugars and fertilizers showed slight strength. Bonds were quiet as seven million dollars in Canadian gold flowed in and Bank of England reserves rose.
New York trading today shows high, low and closing quotations across major issues with net changes from the previous close. Prices reflect varied movements across sectors as investors react to market signals.
Boston market reports a calm trading day with few price changes and mixed activity. Copper Range rose briefly but failed to hold gains as reports of high spot copper prices were discounted. congestion on railroads is blamed for high prices and possible future drops.
Boston stock market report lists high and low prices and closing quotations for bonds as of February 15 with net change from prior close.
Feb 15 market notes show mixed bond activity with listings for Colden Oil Cudahy Os Midvale Rus gvt and US Rubber issues. Prices range from 68.10 to 99.0, with several notes around 95 in the latest quotes.
The report lists current money market quotations with call loans at 4 percent for both brokers and outside brokers, commercial loans 4 to 5 percent, collateral loans 4 and a half to 6 percent, and various paper rates. It also notes sub-treasury balances, clearing-house exchanges, and a largely steady foreign exchange market with rates for sterling francs marks guilders lire and roubles.
Trading on the stock exchange has come to a practical standstill with daily volume around 600,000 shares after months of 1 to 2 million. Some specialties like Continental Can and Copper Range show life, while Copper Range reports record earnings and a large dividend, and Stutz Motor reports seven months’ earnings near 8.40 a share after reorganization.
New York bond dealings Feb 15 show firm demand for many foreign issues with notable strength in Anglo- American lines. Hudson & Manhattan income bonds slipped to a new low as the list overall remained irregular yet inclined upward. several issues traded near or above par with fluctuating yields.
The Equitable Life Assurance Society of the United States reports gains in new and outstanding insurance, assets, and surplus. The year saw a higher interest rate, lower mortality and expenses, and policyholder payments totaling 58.9 million dollars for 1915, with 1.100 billion dollars paid since formation. The company’s insurance on its books reached 1.607 billion dollars, up 77.2 million. New insurance paid totalled 209.7 million covering 130 thousand lives, and 98 percent of 6,241 domestic death claims were settled within one day of proofs.
The cotton market shows weak futures with spot prices around 10.88, down 30 from prior. Sales reach 10,000 bales, American 7,000. market tone described as very steady despite the weak start. A forthcoming article by Albert W. Atwood, Who Should Speculate, is noted in the Post Magazine.
President Wilson writes to Mrs. Henry Dimock endorsing the George Washington Memorial Association plan to build a memorial building in Washington at a cost of 38 million dollars. By Feb 12 cash on hand was 241,178.09 with pledges and a 500 thousand dollar Mall site donation from Congress. Massachusetts funds remain held awaiting transfer to the national fund.
Three days of speed boat racing opened in Miami with Raven III winning a 10 mile express cruiser event in 2 minutes flat. Mar-Y-Cel took the displacements 10 mile race in 23 minutes 5345 seconds, and a special 11 mile flyboat race saw Phil Bader aboard a military tractor win over Harold Kantler.
John Henry, the holdout catcher for Washington, is likely to be reinstated in good standing by manager Clark Griffith after the American League handed the case to Washington. Henry earned $4600 last season and is slated for $3400 this year.
The final entries for the Harvard Dartmouth Penn meet include the 1000 yard run with Caldwell Ryan Eby and previewed runners, the three mile with Nightingale Green Hennigan Merchant and Brown, and the 390 relay contested between Boston College and Harvard second varsity.
The Boston College Tech relay races at Mechanics Building tomorrow night are canceled in line with MIT wishes. Harvard second team replaces Princeton Dartmouth Harvard in the tri meet with Bob Fowler leading BC. BC relay lineup includes Captain McCormack Simmons Barru and Higs kin s.
The Glaziers Union No. 104 strike against three large plate glass concerns in the city, ongoing for nearly 18 months, was settled at a Painters' District Council 41 meeting where the glaziers are affiliated.
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