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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 25, 1916
Page
18
Atlantic Petroleum Co a Massachusetts corporation offers stock exempt from Massachusetts tax. Authorized $1,000,000, issued and for sale $800,000. The company earns 16 percent net per annum on oil properties in Oklahoma. No preferred stock or bonded indebtedness. Full particulars on application. Ask for Circular E1.
Cunningham-Graham Company offers 30 000 shares of Atlantic Petroleum Company stock at par 10 dollars share. Company authorized capital 1 000 000 but 300 000 to be issued.
Feb 24 metal market report shows copper spot and futures fell or held, tin rose, lead and zinc mixed. London prices strong for tin and steady copper, with specific bids and futures activity and reported sales volumes.
Market report notes average 20 active coppers and rails with a loss for the day. Mentions record high and low points 1915 and 1916, and last high point. No clear date or location provided.
Total sales by city show New York 577764 shares and Boston 51148. New York leads with Steel at 49200 shares while Boston lists American Zinc at 8455. Jan 1 1916 to date totals: New York 26283460 shares and Boston 2068297 shares versus last year gains of New York 9014200 and Boston 835495. Notable shifts include New York gains American Woolen from 278 to 517 8 and losses Am B S F pf c from 19 to 165. In Boston Concord & Montreal rises 3 to 100, while Calumet & Hecla falls from 8 to 575.
New York market traders focus on potential executive legislative split triggered by Germany’s submarine policy extension. Heavy selling dominates early trading with 590000 shares changing hands. munition and oil stocks slump, while some relief comes as gains in Washington fuel short-covering. Bond offerings, led by Anglo French issues, press market. Union Pacific posts January gain while coal talks await settlement.
New York stock prices for February 24 show high and low values with a fast price listing and a comparison to the previous closing. The report outlines daily market movements and notable shifts in key securities.
Boston stock prices for bonds are listed with high low and close comparisons to the previous session. The report covers securities traded on the Boston Stock Exchange with brief market data and quick links to price movement.
The Boston market fell as international developments affected local shares more than New York. Zinc stocks American Zinc and Butte & Superior weakened despite war stock expectations, while Boston & Maine and American Woolen showed strength on note-holder extensions and anticipated dividends. May wheat dropped sharply amid heavy receipts and demand slack, with cotton also sliding on shipping concerns.
Readers see scattered quotes across U S bonds and railroad stocks with mentions of Pacific, Central, Southern, Union Bank, and various brokers. Market notes list prices around 58 to 104 and volumes or yields for issuers in Pacific and eastern lines, reflecting a cautious session.
Current quotations show call loans at 3 percent for brokers and outside brokers. Commercial loans range 3 4 to 6 percent with collateral at 4 to 6 percent. Commercial paper 3 to 4 percent. Money market at 4 to 5 percent, with year age 4 silver noted in New York. Foreign exchange markets ease slightly with sterling around 4.76 on cables and demand at 4.7644. Clearing House exchanges in New York show totals and balances with Sub-Treasury credits and daily net clearings, while Norfolk Taunton and Attleboro Street Railway plans formation if Supreme Court confirms foreclosure sale.
The Boston curb market showed minimal activity with a generally downward price trend. Aetna Explosives fell 34 point, First National 7-16, Truro Steel dropped one point, and several small losses and minor gains appeared across the list. Detailed fluctuations follow.
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