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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 20, 1916
Page
18
Stocks rise across markets with gains from one to five points led by industrials and alcohol shares. War stocks show strong activity as Atlantic Gulf feature highlights positive momentum in trading.
Yesterday’s market totals show New York sales at 451693 shares and Boston at 22213. The most active New York issue was Steel with 45500 shares and in Boston Atlantic Gulf with 8800. Year to date 1916 totals reach New York 93104859 and Boston 6687816. year-ago comparisons show New York 68485400 and Boston 6836161. Leading gains and losses include New York Lorrilard up to 239, American Tobacco down to 217. Boston Calumet & Hecla up to 525 and New England Tel. down to 133.
New York markets show gains across most sectors led by munitions and steel related issues. Buoyed by anticipated war contracts and favorable French loan news, stocks advance while bears cover positions. total volume 455,000 shares with United States Steel leading gains.
Boston notes the day’s high, low and last bond prices with the last sale prior data. The brief highlights the market movement for investors tracking bond values in the session ending today.
Boston market shares surged on July 19 led by Atlantic Gulf jumping 6 to 64 amid strong May earnings outlook. American Zinc and First National showed notable moves while Nevada Consolidated set a May production record. Island Creek Coal reported a 5.60 per share annualized earning pace.
New York July bond market closes with mixed prices across U S government issues and corporate bonds. Traders note activity on long term issues and conversions while weekly totals show pounds traded and year over year comparisons.
Charles G. Bancroft, president of the International Trust Company, has been elected a director of the Walter M. Lowney Company, representing important interests that have recently bought substantial holdings.
The St. Louis and San Francisco railroad known as Frisco was sold today for 45.7 million dollars to financial backers behind its reorganization plan. The minimum price set by the court was met with no competing bids, ending receivership and restoring the line to stockholders under a plan approved by the Missouri Public Service Commission.
Harris Winer of 26 South Market street reported finding a purse in the East Boston tunnel at State Street. He said a tall colored man dropped it in haste and could not be stopped. The owner may claim the purse and its contents by contacting Winer at his home.
Reports claim large scale war orders to be placed soon while manufacturers consult with French agents on supplying industrial alcohol. Stocks rebound with gains across the market led by Industrial Alcohol and American Locomotive as gold imports ease and crop weather improves.
Magma Copper Company reports second quarter output well above 2,043,784 pounds. Anaconda sets contract to sink the Nettie mine shaft from 600 to 1500 feet, with completion expected in about one year. A major development for the company and regional mining activity.
In June the Miami Copper Company produced 4,696,260 pounds of copper at 8 34 cents per pound, a near identical total to May. The Colorado Yule Marble Company, a leading marble firm, has been placed in receivership with President Manning named as receiver.
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