Market Slides As Banks Call Loans And Traders React
Prices fell sharply with several leaders hitting new two week lows as banks called loans and urged liquidity ahead of treasury notes. Steel trades reached about 200000 shares, while profit-taking and cautious bets amid a looming German drive kept the market in a five to eight point range. Rock Island line saw leadership changes with Charles Hayden elected president and Nathan Amster chairman, signaling potential harmony after a protracted reorganization.
MENTIONED IN THIS ARTICLE
Treasury
Rock Island
Amster
Hayden
Mr. Amster
Senate Passes Bills Establishing Bar Harbor and Oswego Ports
The Senate today approved house bills creating customs ports of entry at Bar Harbor Maine and Oswego New York. The action follows a July 11 session in Washington.
MENTIONED IN THIS ARTICLE
Washington
House
Oswego
N. Y
Bar Harbor
Senate
Steel stocks slip amid broad market weakness
The report shows U.S. Steel sliding to 103 5 8 with losses of 1 to 3 points across many issues while rails remain comparatively firm and the local market remains heavy on trading activity.
MENTIONED IN THIS ARTICLE
U.S
Stock Exchange Totals and Leaders for New York and Boston
Total sales in New York 618 200 shares and Boston 11 845 shares. Most active New York issue U S Steel 200 400 shares. Most active Boston issue Island Oil 710 shares. Total sales January 1 1918 to date New York 67 368 485 shares. Total sales January 1 1918 to date Boston 1 795 230 shares. Corresponding period last year New York 112 561 100 shares. Corresponding period last year Boston 3 711 477 shares.
MENTIONED IN THIS ARTICLE
New York
Boston
U. S. Steel
Island Oil
New York Stocks Fall After War Finance Aid Talk
Stocks opened lower in New York as reports spread that equipment and munitions firms sought government aid. Bethlehem Steel and United States Steel led declines with large block sales and falls of 2 to 4 points, while rails stayed firmer. Total volume reached 615000 shares as bonds fluctuated and a Bank of England statement offered little market support.
MENTIONED IN THIS ARTICLE
New York
Bethlehem Steel
War Finance Corporation
United States Steel
Bethlehem
Crucible Steel
Republic Iron
Pressed Steel Car
Baldwin Locomotive
General Motors
Royal Dutch Oil
Reading
Union Pacific
Grangers
Bank of England
United States
Local Boston Market Pauses Amid New York Decline
Trading in Boston yesterday showed little volume as New York markets closed for ex mayor Mitchel. Steel and Araconda faded after a brief rally while Fairbanks Century Steel stayed strong and United Shoe held near 89. Massachusetts Electric preferred dipped below 18 then recovered. Brokers report balanced pressure with margins solid, copper dividends trimmed to align with metal price gains.
MENTIONED IN THIS ARTICLE
New York
Mitchel
Boston
Araconda
Steel
Fairbanks
Century Steel
United Shoe
Boston & Maine
New Haven
Massachusetts Electric Preferred
New York Stocks Summary of Highs Lows and Net Change
New York on July 11 reports daily quotes with high and low ranges and net changes from the previous close for listed securities. Market activity shows varied movements across major issues and indices as traders assess gains and losses.
MENTIONED IN THIS ARTICLE
New York
Boston Stocks: Daily Highs and Lows Reported
Boston stock quotes for July 11 show daily highs, lows, and closing levels with net changes from the previous session. Market activity reflected broad participation across leading issues and sectors.
Edison son enlists in U.S. Army tank division
Morristown New Jersey July 11 William L Edison son of Thomas A Edison inventor and honorary chairman of the navy consulting board enlisted today in the tank division of the United States army and left immediately for Fort Slocum.
MENTIONED IN THIS ARTICLE
Morristown
N. J
Wiliam L. Edison
Thomas A. Edison
Navy Consulting Board
Tank
United States Army
Fort Slocum
Money Markets and Boston Federal Reserve Rate Notices
July figures show current money market rates with brokers loans at 5 to 6 percent and outside call loans at 5 to 6 percent. Various consumer and commercial loan rates sit around 6 percent. National and foreign precious metal prices noted, alongside rediscount options for commercial paper and U S government certificates of indebtedness.
MENTIONED IN THIS ARTICLE
New York
London
Boston Federal Reserve Bank
Century Steel Expansion Sparks Strong Demand
Earnest E. Smith reports that Century Steel Co. in Poughkeepsie has completed major plant additions and sees orders exceeding capacity. The firm remains Class A for war materials supplying government contractors. He notes shell contracts moving to the middle West and that earnings for the quarter ending Sept. 1 are projected to triplicate the 10 percent dividend.
MENTIONED IN THIS ARTICLE
Earnest E. Smith
Earnest E. Smith & Co
Century Steel Company
Poughkeepsie
N. Y
Middle West
Smith
Waterfront Calendar for July With Astide Moon Phases
A maritime calendar lists war timing and celestial details for July including nautical tide heights at morning 9 ft 9 in and evening, moon phases with full and new moons on given dates, and morning stars Jupiter Venus with evening stars Saturn Mars noted alongside. The entry frames ongoing conflict time and seasonal astronomy for maritime readers.
MENTIONED IN THIS ARTICLE
U. S
Astide
Saturn
Mars
Jupiter
Venus
Large Bay State Catch Tops Local Groundfish Landings
A Bay State schooner landed 212000 pounds of groundfish including 200000 pounds of cod, among the largest catches by a vessel of its class. Ex vessel prices ranged from four to ten cents per pound for cod and other species. Two four masted schooners were sold recently, Malcolm Baxter Jr to South American Steamship Corp and Robert H McCurdy to Recordy Navigation Co for about 100000 dollars.
MENTIONED IN THIS ARTICLE
Bay State
Haddock. L.cod
M.cod. Pollock
W.m.g'dspeed
Rebecca
Annie Perry
N. J. Nelson
Malcolm Baxter, Jr
France and Canada Steamship Company
South American Steamship Corporation
Robert H. McCurdy
Crowell & Thurlow
Recordy Navigation Company of
New York
Landsman
Fuel shortage warns of wood as coal substitute
Boston July 11 letter urges state action to ensure affordable wood and coal supply for New England. Fitzgerald calls for organized woodcutting, federal pressure, and swift leadership from the governor and officials to prevent a severe winter fuel crisis.
MENTIONED IN THIS ARTICLE
Commonwealth
New England
State House
McCall
Mr. Storrow
State Forestry Board
Garfield
Shipping Board
Northwest
Schwab
Yous
Jouin F. Fitzgerald
Boston
Woodward Emery Dies A Prominent Boston Lawyer
Boston attorney Woodward Emery died at his Cambridge home in his 76th year. Born in Portsmouth New Hampshire on September 5 1842 he graduated from Harvard and Harvard Law School and was admitted to the bar in 1867. He served as Cambridge Police Court judge legislator and chaired the Commonwealth Harbor and Land Commission. He leaves a widow a son Frederick I. Emery of Brookline and a daughter Mrs Alfred C. Cox Jr of New York.
MENTIONED IN THIS ARTICLE
Woodward Emery
Boston
Brattle Street
Cambridge
Portsmouth
N. H
James
Martha Elizabeth (Bell) Emery
Harvard
Harvard Law School
Cambridge Police Court
Commonwealth Harbor and Land Commission
Emery
Boston Bar Association
State Street
Frederick I. Emery
Brookline
Suffolk Savings Bank
Alfred C. Cox, Jr
New York
Opened Spy Pond Bird Sanctuary in Arlington
Middlesex Sportsman's Association posts the island in Spy Pond Arlington owned by the Boston and Maine railroad for a bird sanctuary. Unauthorized trespassers will be prosecuted.
MENTIONED IN THIS ARTICLE
Middlesex Sportsman’s Association
Spy Pond
Arlington
Boston & Maine Railroad
Death notices in Dorchester and Roxbury honor Mary and Ellen Anderson McNicholas
In Dorchester on July 11 Mary E. Anderson beloved wife of Charles F. Anderson of 53 Saxton Street. In Roxbury on July 11 Ellen M. McNicholas beloved wife of Patrick J. McNicholas formerly O'Donnell of 689 Parker Street. Funeral details given for Ellen include July 18 with a solemni high requiem at Mission Church. relatives invited.
MENTIONED IN THIS ARTICLE
Anderson
Dorchester
Mary E
Charles F. Anderson
Saxton St
M'Nicholas
Roxbury
Ellen M
Patrick J
Nee O’donnell) McNicholas
Parker
Requien
Mission Church
Ponek
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Kansas City Railways Company
Kansas City
Missouri
Public Service Commission of Missouri
Halsey, Stuart & CO
Tel
Fort Hill
Harmony In Rock Island Affairs
Charles Hayden
Nathan L. Amster
Muir
John Muir & Co
New York Stock Exchange
Muir & Co
Stock Exchange
Distillers
Hornblower & Weeks
U. S. Smelting
Poison Creek
Standard Oil
Moorcroft
Wyoming
Ohio Oil Co
Poison Creek Co
Sation Price Treasury S
John E. Allen & CO
Devonshire St
Montana
Aetna Explosives Pierce Oil
Wright-Martin
Rochester
Picardy Oil
Rogers,Norton&Co
Exchange Place
Alert Oil & Refining
Clark & Curtiss
Exchange St
New York Market
Allis-Chalmers
Atchison
Atchison Pf
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Gulf & WI
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Beth Steel
Bronavick Ter
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Maxwell Ist
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Enn
Transite & Wms
United Fruit
U S Ind Alco
U $ Real & Imp. . ii
U S Steel
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Va Iron C & C
Pra Yo 4Nlg 4139 Ee Reee 62 4 100 West Pac of Non
Wilson & Co
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Eek
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Wee Sd Eee
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Ede
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I Bbsgate
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Nixon
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Dhs
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Pwr & T
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Ieend
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Pean
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James O
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Investment Digest
Dunham & Co
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Court St
Mass
Pittsburg
Boston Elevated
Massachusetts
Boston Elevated Railway Company
G. F. Redmond & Co., Inc
Pennsylvania
Kentucky Oil & Gasoline Refining Corp
Holland & & Company
Broadway
NEW Vor
R. J. Burton & C
ee _— hee American Zinc, Lead and Smelting Co
American Zin Lead & Smelting Company
Farwell
Treasur