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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 07, 1917
Page
10
General Motors and China related stocks push markets upward while weak marine and steel equipment shares firm, lifting local market modestly. Strong St Paul Re coverage steadies sentiment as investors seek value in utilities and manufacturing names.
Yesterday's totals show New York sales 596 200 shares and Boston 8 440 shares with steel leading in New York at 122 900 and Atlantic Gulf top in Boston at 1 195. Year to date figures reach New York 110 488 600 and Boston 3 647 777 shares, with last year comparisons. Major changes include Chandler rising to 77 1/2 from 18, Lake Erie & Western pref dropping to 30, Calumet & Hecla up to 540 and Edison down to 180 in Boston.
The New York market sagged as heavy offerings pushed quotes to the movement lows while gains appeared for leaders at times. Automobiles and United States Steel led mixed results amid war tax and excess profit anxieties with 590000 shares traded and gold imports offset by exports to Spain and South America.
Traders sought weak spots in opening trade with some decline then broad gains as bulls recovered. General Motors fell from early highs to 110, while Studebaker and Chandler Motors rebounded. Bond prices weakened overall while copper lead and silver rose, and a New Hampshire securities act takes effect September 1. Plymouth Cordage stockholders vote July 10 on doubling capital and converting surplus to permanent capital.
A strong investment prospect is in public utility stocks and bonds. Gas and electric services are essential year round, supporting steady earnings as populations grow. J. S. Orler & Co. at Fidelity Trust Building, 148 State St., Boston, Mass, offers a select list.
Westinghouse Electric and Manufacturing announces quarterly dividends. A 1 percent preferred dividend, 87 cents per share, payable in July to holders of record June 20, 1911. A 1 percent common dividend, 87 cents per share, for the quarter ending June 30 1917, payable July 41 1917 to holders of record June 30 1917. HM F Bad tz treasurer New York June 20 1911.
Local market steady with minor recoveries in copper shares American Zine and United Shoe. Edison Electric falls, copper metal at a standstill amid labor strikes. New England contracts lag behind last year, while industrial districts surge, and cotton options rally on weather and regulation expectations.
Boston stock quotations for today list high and low values and closing prices with net changes from the previous close. Data reflects market activity in Boston on July 6 with brief movement indicators.
New York July 6 prices of new U S bonds are shown in units and fiftieths. Total sales 2 734 000, vs 2 231 000 yesterday and 2 804 000 a week ago. Year ago 3 417 000. From Jan 1 to date 519 462 000, vs 553 429 000 last year and 411 517 000 two years ago.
The Salvation Army commission to Russia arrived safely in Petrograd and was greeted by Princess Tatiana Constantinova. Led by H. W. Mapp, the group went at the invitation of the new government, signaling broader religious liberty beyond the Greek church.
The body of Edward Walsh, 60, of 359 Somerville Avenue Arlington, was found yesterday at Mt Pleasant Cemetery by a workman. Walsh had shot himself the previous evening, driven to despondency by the death of his wife two years earlier.
Premier Lloyd George announced in the House of Commons that the Irish convention would convene July 25 in London to handle preliminary business including the appointment of a chairman.
Prime Minister Lloyd George said Henry E. Duke could be provisional chairman but the convention should choose. First sittings will be in Dublin with flexibility to meet elsewhere. Government aims to avoid delaying chief secretary for Ireland, while nominations near completion and buildings offer shown for sessions.
Nathan Gopur aged three? no, 3 years old? recounts: arrested yesterday afternoon and to be arraigned in Dorchester Court. Wife says anger over chicken supper sparked the abuse. case involves alleged beating and smothering a two year old daughter at Coleman Street residence.
In Brookline the nurse Harriet Varney attended a preliminary hearing postponement to July 16 as Norfolk County investigators press the Keyes case. The grand jury, after two days of testimony, added three new witnesses and continued hearings, while Varney dressed in black entered the Brookline courtroom briefly and returned to Dedham jail.
Miss Varney testified that she washed Keyes weekly at the West Upton farm until early 1917 when he said he had reclaimed his former wife Miss Provan. Evidence shows she returned his silk shirts and underwear after washing. Police and prosecutors gathered new witnesses and examined the Dedham house, noting a silent front door bell and possible nearby involvement as tests confirmed the issue.
A British mine sweeper struck a mine and sank in the Mediterranean on Wednesday with the probable loss of 10 crew members. An official announcement says ten sailors are assumed dead.
Nearly 200 of the Newall Penecarva men ensigns, with a few junior lieutenants, are ordered to the Naval Academy for a special course in seamanship navigation ordnance and gunnery. Instruction starts next Monday and runs to September 15.
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