Stock Market Dips as War Uncertainty Holds Back Gains
The market slid to new lows for over a month with 32 active stocks, rails and industrials retreating as war fears and shipping blockades dampen enthusiasm. Baltimore & Ohio traded at 67 for two days, with other majors near minimum prices. Boston banks report record savings deposits, while Ayer Mills notes and Toose-Wiles Biscuit profits decline amid high material costs and wartime demand shifts.
MENTIONED IN THIS ARTICLE
Ayer Mills
Savings Bank
Steel Corporation
Baltimore & Ohio
New Haven
Southern Railway
American Locomotive
Joose-Wiles
Toose- Wiles Biscuit Company
Directory
National Biscuit Company
Grain Markets February 19 Cash Prices
Wheat prices range across grades with No 2 red at about 1.62 to 1.66 dollars and No 3 red near 1.61 to 1.84 dollars. Corn prices show No 2 yellow around 0.73 to 0.78 dollars and mixed values for white and yellow grades. Oats quotes list No 2 white near 0.59 dollars and standard around 0.58 to 0.59 dollars.
MENTIONED IN THIS ARTICLE
Chicago
Renee
Markets Again Dull and Heavy on Gains and Losses
Edison rises 4 points in Boston Wolver ine and Mohawk firm, Calumet loses multiple points, Lackawanna drops 9, Mexican Petroleum Preferred down 6 as market activity remains sluggish and uneven.
MENTIONED IN THIS ARTICLE
Edison
Boston
Wolverine
Mohawk
Calumet
Lackawana
Mexican Petroleum
Market activity yesterday and year to date in New York and Boston
Total sales in New York 148100 shares and in Boston 17649 shares. Steel led New York with 25500 shares and American Zinc led Boston with 4580 shares. From Jan 1 1915 to date New York 8430700 shares and Boston 798553. For the corresponding period last year New York 15079200 and Boston 1028300. Norfolk & Western rose 1 percent to 101 in New York list and Del, Lack, & W. fell to 410. Edison rose to 249 and Calumet & Hecla fell to 386 in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
American Zinc
Norfolk & Western
Del
Lack, & W
Edison
Calumet & Hecla
Wall Street Maintains Waiting Stance Amid Light Trading
In New York markets February 19 trading was subdued with narrow price moves. Several heavy preferred issues slid while others traded near minimum, and the British travel suspension news contributed to a heavy close. Bank clearings hinted trade improvement despite cotton outflow and exports.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Tennessee Copper
Pittsburg Coal
Union Bag & Paper
National Biscuit
Lorillard Tobacco
American Car & Foundry
May Department Stores
England
London
United States
Boston Investor Circular Promises 5-10 Percent Returns
Holt and McWilliam of the John Hancock Building announce a sound investments circular offering a 5 to 10 percent net return. The program includes a wide range of high grade issues such as public utilities and Standard Oil stocks. Manager R. Packard directs distribution from 1104.
MENTIONED IN THIS ARTICLE
John Hancock Building
Devonshire Street
Boston Sound Investments
R. Packard
Mat Wort
Local Market Reports Mixed Movements on Wade Market
Boston stocks showed fractional gains and losses with no clear trend. Wolverine rose to 4838-4, Boston Elevated dipped below 90 for the first time this year, New Haven hit a new low, and Boston & Maine slipped to 22. Bankers push for noteholder extensions while Mohawk Mining posts a $431,000 profit and a $1 per share dividend amid record low production costs.
MENTIONED IN THIS ARTICLE
Boston
Wolverine
New Haven
New York
Boston & Maine
Mohawk Mining Company
Mohawk
Boston Stocks Report on Exchange Prices and Bonds
Boston stock market brief reports high, low, and closing prices on the Boston Stock Exchange. Bond quotations and comparison to the previous close are included for context.
MENTIONED IN THIS ARTICLE
Boston
Boston Stock Exchange
Bond market report from New York exchanges
The Chicago and Northwestern general 5s and New York Central debenture 6s traded on the Exchange for the first time. Southern Pacific convertibles were firmer. Pennsylvania consol 4 43, St Paul convertible 5s, and United States Steel 5s eased. Other listings include Japanese bonds and Cuban bonds with mixed activity.
MENTIONED IN THIS ARTICLE
New York
Chicago & Northwestern General
New York Central
Southern Pacific
Pennsylvania Consol
St. Paul
United States Steel
YNH & H
Norf & W
Umberland
North Pacific
Snes
Jel & H
del &H Hg
Ea Pacific T
Penn
Erie Penn
Reese
Car & A
Eseks
Ray Conoe
Hudson
Bsees
Asta Seanees
Kan City
Texas & Ist
Union
Co & Canal
Finn & &T
Tee Steel
K&t
Espeace
Aia
Fontana Aid Co
Tyes
Fontreal
Eget
West Union Orditaala
Westinghouse
Wisconsin
Agaist
Money market rates and foreign exchange update
Current quotations show call loans 3 to 34 percent for brokers and outside brokers. Commercial and collateral loans quoted 4 to 6 percent. Commercial paper 3 to 4 percent. Year money around 4 percent amid thin demand. New York exchange rates steady with sterling at 4.823 cables and 4.81 demand. francs 5.23, marks 0.842, guilders 0.40. Bank balances and Sub Treasury credits cited for New York and Boston markets.
MENTIONED IN THIS ARTICLE
New York
Boston Reserve Bank
Clearing House
Gus
Boston
Treasury
Sub-Treasury
Bab-Treasury
Actus
Quotations Bid Session for 50000 Dollar Loan
Newness ef will accept bids until 5 p m for a temporary loan of 50000 dollars due September 30 6. This notice records a financing bid window with a fixed term and amount.
MENTIONED IN THIS ARTICLE
Newness
New Stock Authorized for General Chemical Co
Shareholders approve increasing capital to 40 million dollars with 5 million dollars extra preferred and 7.5 million dollars common. Of the new authorization the firm will issue 250 thousand dollars in preferred to complete the exchange of stock with General Chemical Company of California.
MENTIONED IN THIS ARTICLE
General Chemical Company
General Chemical Company of California
Malden and Chelsea Bond Offers Aid Local Schools and Loans
Malden invites bids by 7 30 p m February 23 for 89000 in 4 per cent bonds to finance school and sewer projects with multiple serial maturities. Chelsea sells a 200000 temporary loan to Parker at a 3 94 percent discount plus 10 cent premium. Columbus bonds sell 175000 four and one half per cent 40 year school bonds to Weill Roth Co and Fifth Third Bank for a 4665 premium.
MENTIONED IN THIS ARTICLE
Malden
Mass
Centre
Chelsea
C. D. Parker & Co
Pluys
Blake Bros. & Co
Farmers Loan & Trust
Columbus, C
Weill, Roth & Co
Fifth-Third National Bank of Cincinnati
Audacious War claims German copper supply facts
The Audacious War notes Germany can produce 90 million pounds of copper domestically for munitions and has imported 200 million pounds annually from America. It argues electrification includes copper wires in German telegraph and post offices, which could be replaced with iron or aluminum, starting with power transmission lines.
MENTIONED IN THIS ARTICLE
Co. W. Barron
Germany
America
Ger
Germanys industrial alcohol rise powers war effort
The passage notes Germany relies on industrial alcohol from surplus products to drive its economy. It argues that war petrol can substitute for alcohol but with some inconvenience. It emphasizes Germany as a center of industrial alcohol production.
MENTIONED IN THIS ARTICLE
Germany
Inspiration Consolidated copper plant poised for large production
Insp may start large scale output with capacity of 100 000 005 pounds per year at about 8 cents a pound, potentially the second largest world producer behind Utah Copper. Plant uses Minerals Separation oil flotation and promises a 20 year life with 73 million tons proven ore. Eagene Meyer Jr Co of New York issued a securities circular.
MENTIONED IN THIS ARTICLE
Inspiration Consolidated
Utah Copper
Messrs
Eagene Meyer, Jr., & Co
Wall Street, New York
Copper exports from New York Philadelphia and Baltimore rise
Fixports of copper from the ports of New York Philadelphia and Baltimore during January totaled 26 170 tons, a drop from 36 566 tons recorded a year earlier at the same ports.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
Baltimore
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