Boston Stocks Keeps Tabs On Market Prices
Boston July 6. Following are the highest, lowest and last prices today with the last previous sales. The report lists closing figures for varied securities and indicates market activity across the session.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 07, 1916
Page
15
Boston July 6. Following are the highest, lowest and last prices today with the last previous sales. The report lists closing figures for varied securities and indicates market activity across the session.
Current quotations show brokers call loans at 3 1 4 percent, commercial loans from 4 1 4 to 6 percent, and individual collateral loans at similar ranges. Commercial paper ranges from 4 to 4 1 9 percent, year money at 4 4 percent. FED reserve notes and dated trade accepts appear in listings, with canary Atlas and silver prices noted.
War stocks come under pressure as rails and seasoned industrials show strength while high flyers like American Zinc, Butte & Superior and Baldwin Locomotive retreat. Market cues point to waning war orders, large new security listings, and steady difficulties in absorbing unseasoned industrials despite continued rail gains.
The new Poor's Manual of Public Utilities presents 2500 pages of financial statements for U S and Canadian public utilities with updated data as of mid 1916. It introduces a Margin of Safety rating for securities, answering bankers’ risk questions and highlighting extensive coverage of major utilities with page counts for American Water Works & Electric, United Gas & Electric System, United Light & Railways, Middle West Utilities, and National Properties Company.
Cotton markets show spot 8 03 with futures opening range and highs around 7 67 to 7 70. Daily sales steady with quiet activity, American market reports 6 000 units and a quiet close near 7 65 to 7 74, market closing subdued.
Professor Byron S. Hurlburt, dean of Harvard University, resigns due to ill health but remains on the faculty as English professor. Assistant Dean Henry A. Yeomans will take the deanship. Hurlburt will begin new duties in fall 1917 after a rest and European trip, with summer at Marblehead Peache's Point. He joined Harvard as instructor in 1890 and became dean in 1902, attaining full professorship in 1906.
Edward J. Hylan files in the Massachusetts Superior Court a suit against Neal Rantoul of R. S. Moseley & Co. seeking 260000 dollars for losses claimed in the reorganization of the United States Worsted Company.
The plaintiff who founded the original company sues alleging that in the reorganiz tion the capital agreed upon was not furnished. Dr L D Ricketts is elected a director of Greene Consolidated Copper Company to fill the vacancy from S E Searle's death. In outside markets Thomas G Plant preferred trades 100 to 101. American Smelting reduces lead price from 7 to 6.50 cents. Du Pont Powder operates two shifts rather than three. Night work suspended and employment greatly reduced.
United States government bonds and miscellaneous issues dominate activity with prices quoted across treasuries and industrials. Analysts note varied demand for 4s and 5s with occasional steam from corporate issues as totals trend upward from prior days. Total sales reach 3.324 million, compared with 3.182 million yesterday and 2.168 million a week ago. From January 1, receipts total 550.08 million versus 409.02 million a year ago and 386.45 million in 1914.
Notice directs readers to page 8 for additional classified advertisements. It references miscellaneous listings and outlines where to find related notices and items for sale or service. The brief note anchors the reader to the designated continuation page for more offerings.
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