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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 12, 1918
Page
10
Heavy steel shares fall by two points or more while rail and copper issues show relative strength. Tobacco and telephone stocks react with mixed results as local market yields edge slightly higher amid fluctuating prices and trading.
Yesterday's market totals show New York sales of 495 100 shares and Boston 10 742. The most active New York issue was Steel at 121 100 shares and Alaska Gold led Boston with 2090. For year to date, New York 6 966 500 shares and Boston 141 296. last year for the period, New York 8 006 200 and Boston 292 845. Top gain in New York was D L W at 91 4 to 179 1 4. top loss Liggett Myers from 5 to 185. In Boston Edison rose 2 1 2 to 147 1 2 while Osceola fell 2 1 2 to 62 1 2.
The New York market drifted lower as steel, equipment, and rail issues fell in late trading amid weak investor interest. Reports of new financing and a $12 million American Can note fueled selling, with United States Steel down 2 1 8 points and industrials easing. Bond markets showed little change aside from a Rus sian issue break, with total sales around 5 1 3 0 0 0 par value.
Local stocks closed fractionally lower on a dull market. Atlantic Gulf Osceola led declines amid rumors of extra dividends while American Telephone fluctuated several points. Ed ison Electric showed December business near a million dollars as Daly-West Mining faces a new protective committee seeking fuller reporting. Alaska Gold rose from 1 to 2.25 dollars.
Boston stocktable reports today’s high and low quotations with closing values and net changes from the previous session. The brief list covers all active issues and market moves in a compact daily update.
In the money markets on Jan 11 the rouble showed a firmer tone in afternoon dealings. Sterling-Cables quoted at 4.76716 dollars, francs at 5. pe guilders 4274, lire at 8.39, roubles at 1344, Swiss francs at 4.49.
The Boston and Maine Minority Stockholders Protective Association sent copies of a resolution to President Wilson and Congress urging a bill guaranteeing direct compensation to railroad security holders during federal control. Slattery and Co note stocks and bonds offer attractive returns despite a grim market mood. Bonbright & Co report sale of United Light and Railways Co 1.5 million dollar 6 percent bond secured notes dated Nov 1, due May 1.
The market shows renewed weakness as traders note declines in favored sectors and a surge of stock liquidations. American Can borrows 12 million on short notes amid forecasts of dividend cuts. copper stays fixed at 23.12 cents as steel and Bethlehem face funding concerns and potential tax rulings loom over stock dividends.
Boston police asked to locate John Savage believed to be working in a stable in Boston. His mother Nellie Savage is critically ill at her home 15 Charlotte Street Plattsburg and is constantly asking for him.
London dispatch says Nikolai Lenine, premier of the Bolshevik government, may visit Finland or Stockholm to confer with German and Austrian Socialists. He warned that mobilization could halt and war preparations begin if Germany and allies spurn peace terms, with a revolutionary war threat.
Paris January report states Bolo Pasha faces court martial on February 4 for alleged German propaganda activities in France. The case centers on charges of collaboration with German interests and dissemination of propaganda.
Trade leaders from manufacturers and shippers in New England join to boost cooperation with government and railroads. Harry S. Harriman is chairman with Howard Coonley as vice chair. representatives include Henry I. Thayer and Captain Arthur G. Crowley. A second meeting will outline plans.
Miss Alice Butler Cary who gave Lexington the Cary Memorial Library in 1906 died yesterday at her home in Cary Farm Lexington.
A collection of draft help Q A guidance. Responses cover class placement for dependents spouses aliens and students, appeals procedures and where to file. Experts advise contacting local boards and appeal agents, noting dependency matters must be supported by current facts.
Report from Camp Funston Kansas states four military policemen and a banker were killed during a bank robbery attempt at the army post. The attackers wore soldier uniforms. Victories and awards described include Victoria Cross mentions for feats of bravery by British and Indian troops, with detailed actions against enemy positions.
Mrs. Charles D. Haines, wife of ex congressman, recently married in New York to the brother of her late husband, visits Boston with plans for a Florida winter home. She is Benjamin F. Haines's mother, mayor of Medford, and a St John New Brunswick native.
Seven Canadians received Victoria Crosses in a ceremony with King George VI continuing from earlier honors. The awards honor acts of valor among 18 decorated individuals announced today in royal presence.
The report highlights Captain J O Kelly and Corporal Colin Barron among others who charge pill boxes under heavy fire. Kelly advanced a thousand yards after an initial failure, capturing six pill boxes with 100 prisoners and 10 machine guns. Barron single handedly rushed enemy guns, killed four, captured the rest, and turned captured weapons on retreating forces. Sergeant George Mullin single handedly stormed a sniper post, destroyed the garrison, and crawled under fire to finish two gunners with a revolver. Additional heroes followed, clearing the way through further pill box assaults.
The United States outlines the sinking by a German U-boat of the destroyer Jacob Jones on December 6 with 2 officers and 64 men dead. Lieutenant Kalk ordered evasive action but the torpedo struck, the ship flooded, and the vessel settled stern first at 4:00 p.m. after eight minutes.
Melvin B. Wilson aged 11 of 18 Salem Place Malden was injured when coasting down Tremont Street and struck a tree. His playmate William Mahone escaped injury and both boys were in the Malden Hospital for treatment.
WANTED to buy old coins with price quotes. Advert by WM Hesslein at Paddock Building 101 Tremont Street Boston inviting bids for numismatic items.
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