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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 24, 1917
Page
10
Futures for Peius August 17 to June June next year show unchanged values with American middling upland quoted around 19d. Trade notes quiet as sales reach 2000 bales including 1900 American while receipts total 1000 bales, 900 American.
Total sales New York 498900 shares Boston 9145 shares Most active issue in New York Steel 118900 shares Most active issue in Boston Atlantic Gulf 1160 shares Totals to date Jan 1 1917 New York 118619610 shares Boston 3815498 shares Corresponding period last year New York 94178660 shares Boston 6741829 shares Greatest gain New York Savage Arms 5 to 90 Greatest loss New York Canadian Pacific 334 to 159 1 2 Greatest gain Boston Quincy 1 to 85 Greatest loss Boston Mass Elec pref 2 to 23
New York July 23 The stock market shows renewed unevenness with prices retreating from Saturday gains. Bank reserves improve but Russian concerns and war profit debates weigh. Steamship shares lead early gains on shipbuilding talks but fall after Washington signals rate reductions. United States Steel closes lower along with metals and autos while bonds vary. Total volume about 510,000 shares.
New York quotes show daily highs and closing figures for today, with ten gains and losses from the prior close. Market activity reflected typical trading patterns as investors weighed earnings and economic indicators.
Boston market notes a dull session with most stocks moving in tiny fractions. Gulf shows a minor rally tied to New York marine issues and treasury cash, but overall gains fade as a government move to cut steamship freight rates weighs. FTC work on copper costs could reshuffle producers, while silver-price gaps favor American Smelting and United States Smelting in dividends and value.
July 23 market brief lists broker and customer loan rates ranging from 4 to 6 percent. Outside brokers call loans show 4 1/2 to 5 1/2 percent. Commercial paper and year money quoted between 5 and 6 percent. Bar silver in New York priced around 7.854 per ounce.
Article notes banks plan to rely more on federal reserve resources as government control of the money market grows. President Alexander urges three month paper to be rediscounted, doubling available supply. Market reacts with cautious trading and price volatility across wheat steel and shipping sectors.
Lawrence July 3 E Frank Lew is owner of the Lewis wool scouring plant at 242 Summer street Boston marking his 50th wedding anniversary by presenting each of his 600 operatives at the mill with a $5 gold piece. An engraved card carried the sentiment It is better to give than receive.
London reports Herr Erzberger, leader of the Reichstag Catholic party, warned in a secret session that German planning depended on food from neutrals and that American refusals to export to neutrals would cut Germany's food lifeline. He called the speech a bombshell and said authorities lacked a solution.
Amsterdam July 23. The minister of agriculture and commerce selects three members to travel to America to represent Dutch interests in American exports. The appointees are Engineer van Eelbe Honven van Oodt former vice president of the East Indian council and van Vollenhoven director of the Netherlands Bank.
A late night fire at 51 Cornhill and 24 Brattle Street Damacan barber and Brattle Tailoring damaged the unoccupied building area with almost impenetrable smoke and about 1200 dollars in losses. No cause was determined.
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