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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 22, 1916
Page
14
The Street was rattled by reports of copper price jumps with quick sale at 27 cents and a spot squeeze at 80 cents. The chatter faded as actual trading showed 24 1/2 to 25 1/2 cents, while producers anticipated higher earnings and potential dividends as supply tightens.
Irregular recoveries followed by cautious, tentative moves as trading remained moderate. United States Steel drew attention ahead of its quarterly meeting with a possible partial dividend restoration. closing up 34 to 84 18. Other leaders like Bethlehem, Crucible, GE, Westinghouse and Baldwin showed gains while oils and metals led a broad rally in parts of the market.
Fall River Massachusetts invites bids by 10 30 a m January 26 for sixty five thousand dollars of four percent almshouse bonds with annual redemptions through 1936 and sixteen thousand dollars of four percent playground bonds with annual redemptions starting 1932. Fitchburg Railroad sells to Jackson Curtis one year five percent notes totaling one million three hundred fifty nine thousand dollars dated February 15 1916 callable at 101 and interest after three months.
Total sales in New York 563,072 shares and Boston 47,834. U S Smelting leads Boston activity with 4 442 shares while United States Alcohol gains 17 percent in New York to 166. Harvester New Jersey preferred drops 3 percent to 116. In Boston Connecticut River rises 7 points to 100 while Green Cananea fractions fall 6 to 46. Year to date totals show New York 11 457 704 and Boston 832 643 shares. Last year’s corresponding period had New York 3 081 700 and Boston 315 325 shares.
The local list showed broad gains amid copper and metal strength. Anaconda’s dividend recovery boosted sentiment while Allouez rose on earnings, Calumet & Arizona eyed a higher dividend, and American Woolen climbed with favorable local ownership. Alaska Gold bonds moved little as demand for lead stocks stayed steady.
Boston Stock Exchange prices show high and low quotations with fast trades for the day January 21, comparing current levels with the previous close. The report lists securities active in Boston market action.
The readable text is fragmented and does not state a coherent event or report. No identifiable persons organizations or places beyond Boston and a postal code are extractable for a meaningful summary.
The bond market opened steady with a firmer undertone in New York. Notable issues included De Paul and New York Central, Anglo French 5s, Mercantile Marine 8s, and other government and railroad securities.
Announcement of the Allard Kinnear & Co Inc to conduct general investment business in high grade securities with offices in New York Boston and Philadelphia. The firm absorbs former White Investing Company representatives and goodwill.
Copper buyers push prices to 27c per pound for March and 25c+ for spot with April at 25c. February bids reach 30.2c in New York while producers lock contracts into April and July. London exchanges show copper up with spot at £89 and futures near £88 1s 6d. Lead and tin strengthen. spelter steady amid broader demand, with domestic and international buyers rushing to secure supplies.
Seven vessels reached the new fish pier yesterday easing the shortage. Surf led with a large haul of haddock and scrod while others carried smaller fares. Prices remained high with haddock at 3 to 4 cents and cod and pollock varied. Several steamers and liners arrived or planned trips, including Crescent and Kansan, as authorities note a significant year over year drop in landed fish.
The report lists arrivals of U S cruiser Tennessee and numerous steamers and schooners in ports from Portsmouth New Hampshire to Baltimore and Norfolk. Vessels include Kansan Forsythe Barry Wales Batisean Evans Sydney N S Ontario Bond Middlesex Run kle Nacoochee Dizer Savannah North Star Mitchell St John N B H M Whitney Colberth Bay View Stebbins Sewalls Point Indian Nick erson Philadelphia Middlesex Runkle Nor folk Belfast Rawley Winterport Calvin Austin Strout Portland Theoline Poland Jacksonville Henry C Barrett Wy man Pascagoula tug W H Yerkes Perkins Rahn towing barge Rahn New York for Portland. Also sailed are Etonian Liverpool Prince George Yarmouth New S Newquay Corfe Castle H P F Dimock John G McCullough Norfolk hi Devereaux Sewalls Point Malden Newport News Melrose Baltimore Ontario Newport News Baltimore Morris Cliff Rockport Me tugs International Beechwood Langhorne and.
A wartime appeal to aid Jews in Europe will be read at services in all Massachusetts synagogues. The drive begins a week of fundraising culminating in a Tremont Temple mass meeting next Thursday designated Jewish Relief Day by President Wilson.
Miss Lillian Louie Brine, formerly of Arlington and later Newtonville, received the white veil yesterday on the feast of St. Agnes at St. Regis Cenacle Convent on Riverside Drive West 140th Street New York City. She has two brothers living in Arlington Louis Cc. Brine of 90 Jason Street and Joseph W. Brine of 3 Oak Knoll.
Brooklyn Rapid Transit reports December profits up 6.9 percent over November and a 25 percent share of six monthly gains. NYSE 1915 totals reach 1.179 billion with stocks 532 million and bonds 647 million. St Louis & San Francisco fiscal year gains run ahead by 1.5 million. Boston Land cash sits at 15,884 versus 4,911 a year prior. United States Cast Iron Pipe seven months earnings hit 305,789. Philadelphia Company calls scrip dividends for 1914 issues due 1916 and 1918.
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