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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 11, 1916
Page
14
Sharp decline in stock prices with Industrial Alcohol down 20 points and Am. Coal Products off over 7 points. Distillers' securities were weak while Baldwin and Crucible showed strength. Boston market remained weak.
Total sales in New York and Boston show 458 085 and 21149 shares respectively with U S Ind Alcohol leading in New York and Atlantic Gulf in Boston. Year to date totals rise from 64 558 900 to 89 190 073 shares in New York and from 6 588 771 to 6 506 124 in Boston. Crucible leads gains in New York while U S Ind Alcohol posts the largest loss. Mass Gas posts a gain and Atlantic Gulf slides in Boston.
The June unfilled orders fell by about 300000 tons marking the first drop since last August. United States Steel reports 9640000 tons on hand, with potential production to end 1916 and perhaps beyond. Market weakness persists in high priced stocks while rail demand and copper stock caution shape the near term.
The article lists dividend payments from Etna Explosives Boston Mortgage Bond Dominion Steel Great Northern Muskogee Refining Pacific Mines and notes a policy change by Muskogee to a 5 percent quarterly rate for the year. Details include payment dates records and stock types.
New York market reports a 21 point plunge in United States Industrial Alcohol while call loans rise to 6 percent to a day high. Liquidity concerns and war order cancellations loom as other rails, metals, and steel shares slip with overall heavy selling volume of 455000 shares.
New York stocks today show highest and lowest prices along with last sales. The report notes activity on Saturday with latest figures for traders and investors following the market movements.
Boston on July 10 reports the day’s trading with the highest and lowest prices and the last price, alongside the last previous sale figures. The list covers multiple stocks and market activity from the session.
Boston market reports broad losses across sectors with metal stocks pressured by zinc and copper output. Copper Range Granby Mohawk and others showed declines while Atlantic Gulf common stock slipped to a new low amid profit liquidation. President Ames of American Pneumatic Service denies government plan to drop mail tube service. dispute centers on renewal pricing vs contract continuation.
Eugene Meyer Sr. Co. at 14 Wall Street New York invites inquiries for a forthcoming booklet on the ANACONDA COPPER MINING COMPANY. It will detail electric power applications, process improvements, and new metallurgical methods shaping Anaconda's future, with illustrations and extensive discussion.
Cotton futures opened firm and closed barely steady with mixed moves across months. Notable quotes show July at 12.86 to 13.00, August around 12.88 to 13.12, and spot prices near 13.05 with a 10 point decline, from New Orleans and Liverpool reporting.
London metal markets show G. M. B. spot copper at £84 10s, down £6 10s, futures £82 10s down £8 10s. Electrolytic copper £128 down £1. Tin spot £170 down £3, futures £176 10s down £2 10s. Straits tin and other futures quoted with declines.
The report notes spot and futures levels for lead at £28 and £27 unchanged, spelter at £44 spot and £40 futures off £1, copper with spot 50 tons and futures 180 tons. Silver in London weak at 285 Sd per ounce, New York price 60c per ounce.
ICC directs Examiner Howell to hear in New York on July 26 regarding New Haven Railroad steamship line operation in New England. Panama Canal Act dispute cited. New Haven argues prohibition on joint ownership of competing steamship and rail lines does not apply. Industry notes include market quotes, crop reports, and company earnings across several firms.
The French line steamer Lafayette collided with another vessel in the Gironde estuary after leaving for New York Saturday night. It sustained slight damage and returned to Bordeaux for repairs. it plans to sail for New York in three or four days. Most passengers will stay in Bordeaux during the interval.
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