Stocks slide further as steel shares lead losses
Steel stocks suffer 1 to 3 point losses while rail shares show strength with a slight recovery from the day’s lows. General market softness persists in the local scene as declines deepen in the steel sector.
Market Summary of Yesterday's Trading Activity
Yesterday's market totals show New York selling 866 300 shares and Boston 10 921. U S Steel led activity in both cities with 253 600 and 3265 shares respectively. From Jan 1 1917 to date New York totals reached 115 592 500 shares and Boston 3 763 742. Delaware & Hudson surged in New York while U S Industrial Alcohol fell. Amoskeag Mfg rose in Boston while Am. Zinc dropped.
MENTIONED IN THIS ARTICLE
New York
Boston
U. S. Steel
Delaware & Hudson
U. S
Amoskeag Mfg
Am. Zinc
Ajax
Alaska
Allis-Chalmers
Car & F
Hide & Lea
Int Corp
Sumatra
Tel & Tel
Woolen Aces Ace
Aulg& WI
Beth Steel
Chandler Motor
Ches & Ohio
CM & St P
Chic & N'west
Crie& E
Al's
del & Hudson
den & RG
Erie
Gaston W & W
Goodrich
Gulf
Haskell & Bar
Avri Co Fee
Kennecott
Lee Rubber
Lib Lawi
Louis & Nash
Max Motor
Maxwell Ist Pf
Mer Marine
Miami Copper
Midvale Steel
Mo Pacific Pf
Nevada
Nynh&h
Nor & Western
War price tensions move market as steel leads declines
New York market patterns show war price fears and tax worries shaping speculation. United States Steel slumped to 119 3 4 while Utah Copper and related metals fell. rail and oil shares fluctuated with total volume around 870000 shares and Liberty bonds trading near par.
Copper Market Sags as Copper Shares Hold Back Amid Weakness
Boston market trades show continued weakness in sympathy with New York. Copper leaders liquidate after first government sale at 16 2 3 cents. American Zinc slides to a two year low after dividend news. Atlantic Gulf holds but slips late. Utah Copper and Anaconda lead declines among copper shares.
MENTIONED IN THIS ARTICLE
New York
Steel
American Zinc
Atlantic Gulf
Utah
Ex dividend prices strong in Boston stock quotes
Ex dividend trading in Boston today shows little change from yesterday. Highs and lows for selected issues are reported with no net movement in closing prices.
Money Markets July 16 Rates and Money Averages
Current prices show broker's customer loans at 4 1 4 to 5 percent and outside call loans at 4 4 a 5 percent. Commercial and collateral loans range from 5 to 6 percent, commercial paper from 5 to 5 4 percent, and year money from 5 to 6 percent. Bar silver in New York stands at 80 627 percent with scattered market notes from Mehsana.
MENTIONED IN THIS ARTICLE
New York
Mehsana Aobarac
Eerie
Federal Reserve Bank
Continued Pressure on Steel Stocks Amid War Demand
The stock market opened firm on renewed turmoil in Germany but fell back as steel issues led a broad decline. Copper shares sagged while rails held steadier. Maxwell Motors sank to two year lows despite profits assurances. Analysts warn profits will be trimmed by government price and tax controls as money rates spike on low bank reserves. American Zinc passes its dividend as expansion weighs on cash, with a $1.50 preferred dividend declared.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Steel
Tethlehem Steel
Utah
Baldwin
Canadian Pacific
Union Pacific
Reading
United States
Germany
Anaconda
Maxwell Motors
Wilson
Wall Street
Congress
Federal Reserve System
Boston brokers join Earnest E. Smith & Co partnership
Financial news notes state that Leslie Platt Elsworth Adams Henry Robert Philip Drew and Frank Wyman long active in selling securities in Boston have become associated with Earnest E. Smith & Co located at 2 Devonshire street.
MENTIONED IN THIS ARTICLE
Leslie Platt
Elsworths
Adams
Henry
Robert
Philip A. Drew
Frank Wyman
Boston
Earnest E. Smith & Co
Devonshire Street
Shipping Board Expands to Entire Floor in Boston HQ
The United States Shipping Board under Henry Howard moved its headquarters to a larger 12th floor space in the Custom House after a surge in recruiting activity. Temporary offices had opened on the eighth floor earlier. the Boston office now serves as the national headquarters due to rising interest in the free government marine engineer schools.
MENTIONED IN THIS ARTICLE
United States Shipping Board
Henry Howard
Custom House
Marine Engineers
Boston
Senators Demand Foreign-Born Draft Reform
Senators Brandegee and Lodge challenged the draft exemption for aliens and urged Congress to draft foreigners. They noted alien shares range from under 1 percent in the South to about 2 percent in some Northern areas, increasing local draft burdens. Senator McCumber questioned benefits to aliens and potential treaty changes. Senator Stone said no guidance from the State Department. Officials explained the census-based draft figures reflect registration, not probable populations, to keep distribution fair and avoid burdens on overextended communities.
MENTIONED IN THIS ARTICLE
Brandegee
Lodge
Congress
Connecticut
McCumber
Stone
Foreign Relations Committee
State Department
Germany
Census Bureau
Mave
Levenson Aids In Jewish Food Conservation Drive
Henry H. Levenson, grand master of the Independent Order Sons of Israel, leaves for Washington to meet Herbert Hoover and Dr. Krauskopf about directing food conservation among Jewish people. Krauskopf has begun leading the effort and opened offices at the old Justice Building, Vermont Avenue and K Street.
MENTIONED IN THIS ARTICLE
Henry H. Levenson
Independent Order Sons of Israel
Washington
Herbert Hoover
Krauskopf
Department of Justice
Vermont Avenue
K Street
Levenson
Regulations on Selective Draft Draw and Exemption Rules
Washington officials urge registrants to study exemption regulations before the draft. Crowder asks states to centralize lists for easy access. Most districts ready for the drawing, likely on Saturday, with boards controlling industrial exemptions and examinations.
MENTIONED IN THIS ARTICLE
Washington
Crowder
Superior Board
Grand Army Parade Stand to Cost City $9159
The Tremont street mall at Raetan Common will host the Grand Army parade on August 21. A reviewing stand for 5000 spectators will cost the city about $9000 to $10,000, with the lowest bid at $9159.
MENTIONED IN THIS ARTICLE
Tremont Street
Raetan
Senators Wrangle Over Hoover Food Policy In Senate
Senate debate turns to Hoover in a clash over food control. Reed accuses Hoover of meddling in prices and serves a withering critique of his directives to the Pullman Co. and housewives. Phelan defends Hoover, noting his global attention and Iowa California roots as Hollis proposes a three member food board.
MENTIONED IN THIS ARTICLE
Reed
Hoover
Senate
Senator Phelan
Missouri
Phelan
Iowa
California
Senator Hollis
Board of Food Administration
Herbert C. Hoover
Price on Blumenthal Head Recalled in White House Talk
Daniel Blumenthal former deputy of the German Reichstag from Alsace Lorraine met President Wilson at the White House today. Accompanied by Ambassador Jusserand he urged making the restoration of Alsace Lorraine a chief condition for peace after Germany set a price on his head following his flight to France before the war.
MENTIONED IN THIS ARTICLE
Washington
Daniel Blumenthal
Reichstag
Alsace-Lorraine
Wilson
White House
Jusserand
Blumenthal
France
Pleads Not Guilty to Shooting in Salem
Michael Osman the Kurd pleaded not guilty in Salem court to shooting three Turks on Sunday. He was held in $7000 bail for trial. Two injured men, Saleh Mahmat Sedelman and Alse Mamet, remain in critical condition at Salem Hospital. third man Mahmat Sedelman, 24, is convalescent.
MENTIONED IN THIS ARTICLE
Salem
Michael Osman
Saturnion
Mahmat Sedelman
Alse Mamet
Salem Hospital
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New York Market
America
Wright-Martin Aircraft Corporation
Wright-Martin
Jones & Baker
Devonshire St
Fort Hill
Philadelphia
Chicago
Pittsburgh
Vocket Mutual
Standard Oil
Exchange Place
Westinghouse Electric & Manufacturing Company
American Red Cross War Fund
H. Yf, Bartz
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E. Farwell
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Morseke
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Tel
Fort Will
Boston Stocks
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Kenova Oil
Royal Itch
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Studebaker
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He Oil
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U S Steel Pf
Belmont Asée Ee
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Buffalo
Hee Vecerstvesteset
West Md
Butte Copper Zinc
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Clim
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