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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 29, 1916
Page
14
New York stocks report high, low and closing prices with daily changes and a comparison to the previous close. Market activity reflected with routine fluctuations across major listed securities.
Yesterday's market report lists total New York sales at 805 267 shares and Boston at 44 976 shares. It highlights United States Steel with 84 300 shares in New York and U S Smelting with 5 745 shares in Boston. The piece notes year to date totals for New York at 27 798 939 shares and Boston at 2 167 982 shares with comparisons to a year ago. Reading leads New York gains at 24 to 82 percent while Bethlehem Steel falls 19 to 451. In Boston Creek pref rises 14 to 90 and Tumet Hecla drops 10 to 565.
The market opened amid war fear with heavy liquidation in war and speculative issues. Railways showed solid January earnings while Readings stock rose despite lingering doubts about hidden assets. Bond activity softened though overall turnover reached 805000 shares with United States bonds steady on call.
Boston market closes with no gains as prices slip across the board amid fears of a German break. Substantial losses hit many stocks including Tamarack and Mohawk while nutte and Superior hold near $90 and American Zinc edges higher. United Fruit subsdiary Nipe Bay drops sharply.
Boston February 28 reports the day’s high and low prices for bonds and securities traded. The brief adds a comparison with the previous close to show movement and gains or losses.
The market fell hard with increased liquidation on lower prices led by industrials. Banks and railroads showed mixed moves while Reading and Union Pacific posted gains as traders swapped speculative war stocks for rails amid a broad downturn.
Anaconda has reportedly paid 250000 dollars for an option on the Douglas zinc and silver-lead mine in the Coeur dAlene district of Idaho. The deal underscores continued investment in mineral properties across the mining region.
The New York bond market shows unsettled tone with activity in Marine 4s Rock Island refunding 4s New York Central debentures and Anglo French 5s. New price lows appear for several issues as total sales reach 94 510.60 for sessions. May Department Stores plans to publish its annual report for the period ending Jan 31 1916 and expected earnings to rise from the prior year with debt reduced from 4 million to under 1 million.
The Feb 28 curb session shows broad, active trading with a downward price trend. Fractional losses in dollar issues are small while cent issues incur sizable drops. Maxim Munitions weak both locally and on the New York Curb, down 2 to 54 in Boston and 434% on the New York quote. Uniterde Extension also weak, off about a point net with fluctuating high and low readings across listed stocks.
Boston Philadelphia and Michigan capitalists create a 2,500,000 Butter Detroit Copper Zinc Mining Company to control the Ophir mine and mill. Reports say 300,000 is set aside for development under engineer William L. Creden who will extend the 1065 foot shaft to 2500 feet and J. E. Rothwell will commence mill operations on custom ore.
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