This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 19, 1916
Page
12
The market rallied with metal stocks at the forefront as zinc and copper shares surged. Copper Range Consolidated reported record ore copper content and earnings leaps. Boston & Maine debt questions surfaced amid a note of cautious optimism for a spring dividend surge. Zinc issues again climbed to new highs on strong forward sales and high Spelter prices.
Worcester City borrows $100000 of discount notes at par and receives a $10.25 premium from bankers, a rare deal where the city avoids interest and gains money. The loan runs past tax day, with two other bidders offering premiums above par. The Laconia Car Company orders 50 steel cars from Rhode Island Company for about $140000, its largest recent car order. War orders slow but improving, with $1 million in unfilled work and hopes to fund preferred stock dividends. New Jersey Public Utility Commission approves $7.5 million Public Service Railway issue.
Summary of yesterday's market activity shows New York total 423,868 shares and Boston 64,748. American Zinc led activity in both cities with 36,100 and 22,880 shares respectively. Year to date totals: New York 24,868,773. Boston 1,888,760. Compared to last year New York 8,282,600. Boston 780,904. Notable moves include American Zinc rising 574 to 8414 in New York, General Motors dropping 4 to 476, Calumet & Hecla up 8 to 579 in Boston, Wyandot down 11-16 to 134.
Gradual but broad improvements marked today’s dealings as investors shifted focus to strong railway and industrial earnings. Copper and other metals led with Butte & Superior and American Zinc posting new highs, while US Steel showed strength on forecasted earnings. Total stock sales reached 425,000 shares with bonds trading nominally.
The report lists high and low prices and quick quotes for securities traded on the Boston Stock Exchange for February 18, including bonds and comparisons to the previous close.
The bond market in New York February 18 showed lighter activity with focus on major issues including Japanese second series 414s Mercantile Key 4s New York debentures and steady adjustments across listings awaiting further orders.
Boston market notes a metal stock surge led by American Zinc and Butte & Superior on the New York board. Copper Range eyes a strong annual report with high earnings potential, while copper stocks like Anaconda and Kennecott may boost dividends. Chevrolet Motor gains on prospects of higher production and 50 000 car year target. Boston & Maine note extensions faced no major obstacle, with 60 percent assent reported for a three month extension.
The report lists bonds and notes from Che Mich Minn Southa and other lines with prices and issues across Texas Oklahoma and Ohio. It notes totals weekly and year to date figures with contrasts to the previous year including February and January comparisons.
Feb 18 market notes show call loans at 3 percent and commercial loans 6 to 8 percent. Year money at 4.25 percent with New York silver and currency quotes. Sub-treasury balances and clearing house figures cited. foreign exchange market described as steady with sterling around 4.7644 to 4.7644 dollars and other currencies listed.
London metal market reports rise in copper spot to £108 and electrolytic to £137 10s, with copper futures at £106 and peak electrolytic price. Tin dips a pound with spot and futures quoted around £180. lead and zinc show mixed shifts. Trading volumes listed include copper spot 400 tons and copper futures 500 tons.
Pacific Gas and Electric completes hydropower linkage enabling San Francisco to receive city electricity from mountain plants. National Union Bank names William S B Stevens as vice president. Charles P Blinn Jr resigns to join Philadelphia National Bank. Sphier Welch named director. Arthur E Fitch becomes cashier. John W Marno promoted assistant cashier. Submarine Boat Company says Canadian profits tax plan will not affect it or Electric Boat. parent links to Vickers Ltd. Bancrofts travel to Texas for brief vacation. American Beet Sugar Company says sugar beet shortage will not impact them. seed supply adequate for two years and acreage up 25 percent. South Penn Oil reports 1915 gains of 5,314,149 vs prior year loss. General Chemical elects W H Nichols Jr as president. Sanford H Steel retires. five vice presidents named. Goethius and Howard join board.
The West End Street Railway Company seeks PSC approval to issue 815000 and 1581000 bond issues for up to 30 years at 6 percent, to retire existing 20 year and 1 year bonds. Excess proceeds may go to the Boston Elevated Railway. An 18000000 general mortgage convertible bond issue gains formal approval, exchangable into stock 1918 to 1927 at not less than 50 a share. Manhatten Railway 4523000 second mortgage 4 percent gold bonds awarded at 87.15 to Equitable Trust and H E Robins Sons, tax exempt in NY. yields about 2 1/2 percent after interest.
Prices on fresh groundfish were lower yesterday at the fish piers. Four vessels arrived, all to the new pier, with haddock 41 to 6 cents, steak cod 8 cents, market cod 4 cents, and other species listed. Vessels loadings and arrivals included the Wardlina steamer Santiago, the Cambrian delays, and a new 120 ton semi-knockabout to be built for halibut fishing. The Landsman.
A long shipping bulletin lists arrivals and departures including steamers Devonian Trant Ian Gardner Rossana Roche Fowey Santiago Cornelil Pro g Mex North Star Mitchell Savannah Onondaga Packer Jacksonville Charleston Kershaw Johnson Baltimore and many tugs and towing barges. Vessels sail to ports such as Yarmouth Nantucket Norfolk Gloucester Baltimore and Sewalls Point with multiple barges and connections to Newport News Portland and Rockport.
Earnings of Brown Corporation for the year ended November 31, 1915 show 609. Berlin Mills and Burgess Sulphite Fibre Company and their subsidiaries reported combined earnings of 1,612,819 for the same period, reflecting control by these entities.
Citizens of Boston Massachusetts petition the Massachusetts General Court urging the Boston Elevated Railway Company to build an elevated railway station near the corner of Charles and Cambridge streets in Boston. John I Fitzgerald signs the petition.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.