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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 14, 1916
Page
20
Trading turned sharply lower in late session as two rumors dominated the day war intervention in Mexico and a potential royal visit to Kaiser Wilhelm. Stocks like American Smelters and Mexican Petroleum fell while copper rose to a 1907 high but saw little real trading, signaling fragile confidence and looming swings.
New York market today opened dull as investors fought low mood and short interest in special stocks. War orders edged up with Cru cible Steel after December earnings, while U S Steel slipped to 85 1 4. Mexican Petroleum tumbled and overall volume reached 515000 shares.
Market activity faded in the last hour with New York totaling 507 597 shares and Boston 35 156 shares. Top movers included Bethlehem Steel gaining to 430 in New York and Conn. & Pass. pref rising to 9214 in Boston while Mexican Petroleum fell to 111 in New York and Calumet & Hecla dropped to 557 in Boston.
New York stocks list high and low prices for January 13 with fast prices at the New York Stock Exchange and a comparison to the previous closing figure. The brief notes the day's market movement and key shifts among listed securities.
The Boston market noted irregular activity with copper up to 25 cents a pound, boosting overall lists while Mexico reports spurring selling in United States Smelting. Calumet & Arizona lags despite large paper profits and Isle Royale plans expect $600,000 cash after debt payments, signaling potential dividend resumption.
Current quotations show broker call loans at 3 percent for customers and outside brokers. Commercial loans range 3.4 to 6 percent while individual collateral loans run 4 to 6 percent. Commercial paper quotes 3 to 4 percent and year money at 4.4 percent. Totals listed are 349,000 and 3,270,000.
Representative Sabath of Illinois introduced an inheritance tax bill targeting estates above 10000 dollars. He estimates net revenue of about 50000000 dollars annually from the measure, which would apply broadly to large estates nationwide.
Newhall Missouri rapid investigation ordered after the Du Pont Powder Company press house explosion. Plant closed for two days. fifty workers idle. guards patrol site. no injuries reported as night shift had left and day crew not yet arrived.
A Scutari telegram to the Serbian legation in Rome reports approaching desperation in Scutari. Thousands of women and refugee children lack food, new arrivals sleep in the open air, and hundreds die daily from cold and hunger, with most very young children perishing due to malnutrition.
Porter Fearey formerly with Baker Ayling and Co has opened offices in the Mechanics and Metals National Bank building 20 Nassau Street New York to transact an investment business specializing in gas and electric lighting company bonds and preferred stocks The Old South Trust Company at its annual meeting added Benjamin Levine Joseph A Williamson Frank J Carens Joshua Harron William R Scharton and Joseph P OConnell to its board of directors.
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