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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 25, 1918
Page
15
Century Stes Company moves to secure an order for tungsten valve steel from the American dry goods supplier. If the current lot proves satisfactory, a formal contract planned for the year is anticipated, with a reported 260 tons and a value around 000.
Moderate gains appear across the market with most issues showing fractional advances. Steel firms and Western Union edge higher while Sumatra Telephone lags, yielding an irregular local list of results.
Summary of yesterday trading in New York and Boston. New York total sales 281 700 shares and 95100 steel. Boston total 7981 shares and 900 Island Oil. Year to date totals show New York 80164336 shares and Boston 1901002 shares. Last year’s corresponding period was 119181000 shares in New York and 3827584 in Boston.
New York market moved unevenly with limited public demand, later rallying. United States Steel led equities with gains amid dividend uncertainty, while Sumatra Tobacco remained erratic. bonds traded irregularly and total sales reached 283,000 shares. The next Liberty Loan campaign is set for late September.
Trading in the local market yesterday was extremely dull with very light volume and mostly small price moves. Some issues slipped a point or more, while Torrington and United Shoe Machinery posted small gains. Granby rose after a favorable output report, and Central Aguirre Sugar finished the Puerto Rico season with 47,200 tons produced and about 1.5 million dollars of sugar on hand.
New York stocks today showed notable movement with intraday high and low levels. closing quotations reflect net changes from the previous close across major issues. Market activity remained varied as traders weighed earnings and economic signals.
Boston stock summaries show mixed quotes and net changes for the day with high points noted and minor fluctuations across leading issues. The brief market snapshot reflects activity in major listings and investor sentiment during midweek trading.
Michael Cassius Coyle aged years died today at Weedsport after a long association with American 806. He had been linked with the organization for over half his life and was noted in New Jersey and nearby communities.
Prices recovered slightly amid light trading as war news and a German offensive weakly influenced markets. Steel and Anaconda gained minorly while American Sumatra fell four points. rail contracts and wire company takeovers stirred expectations but failed to spark sustained movement. Analysts cite United States Steel directors’ meeting and railroad terms as potential pivots, with monetary tightness curbing large speculation. The Lee Tire & Rubber reorganization shows earnings up over 200,000 for six months, though dividends remain unlikely.
French and Italian forces have shattered Austrian preparations for an attack in Albania. The Petit Parisien correspondent reports enemy munition depots and stores of food and war materials have been destroyed or captured as Franco-Italian lines advance along the Devoll River.
July 24 current prices list broker loans at 1 cent and outside call loans at 1 percent. Commercial paper yields 6 percent, year money 6 percent. Bar silver prices in New York and Boston Fed rates show rediscounts for various paper maturities. Includes secured notes by United States certificates of indebtedness and Liberty Loan bonds.
Judge Dowd in the Municipal Court yesterday sentenced two violators of the food laws and imposed heavy fines on four others after stern reprimands. Eight more suspects arrested recently by Officer George McCaffrey working with the health department will face trial next week.
During arraignment Officer McCaffrey cited alarming conditions in city restaurants. The health department issued an appeal urging citizens to report infractions and to bring in any substandard food. Multiple businesses faced penalties including Kartz meat store $ to three months and Stiles interference, Heskamp Buick $200 for decomposed meat, Warren Beef $25 for exposed fish, Larks Garabedtweing $25 for tainted meat, and American Egg $100 for decomposed eggs.
The Church of the Advent hosts the final patriotic service Sunday at 7 30 led by Rev Father Reagh on Navy relations to the war with Rear Admiral Spencer Wood expected to attend. Navy hymns will be sung. The Worlds Christian Endeavor building will be dedicated July 31 and Aug 1 with speakers including Rev Francis E B Clark Rev Daniel Polling and Dr William Shaw.
Prince Yoshisha Tokugawa head of the Japanese Red Cross mission in America spoke at Vassar College student nurses praising American women's war effort. He said the nation's rapid shift from peace to war with arms and preparedness will be remembered as a marvel of the current conflict.
John J. Bray, East Boston swimmer and Revere Beach lifeguard, was commissioned a first lieutenant in the Quartermaster's Corps and sails for overseas service. A veteran with years of rescues, Bray rose from Charlestown bridge feats in 1911 to lead in foreign waters, hoping to save lives abroad.
Waterfront calendar notes a July 25 entry during wartime listed as the 1455th day of war in U S, with tide height and lunar phases. It records full and new moons dates, evening and morning star positions, and planetary visibility for the period.
Two steam trawlers and seven schooners delivered 344000 pounds of groundfish to market. Ex vessel prices listed for haddock cod pollock halibut mackerel and more. Also ships and crews noted with cargo totals and a report on Captain John Gardner returning to Liverpool after Atlantian sinking.
The Post Office Department announced air planes operating between Washington New York and Philadelphia cost about 60 cents per mile. Nine machines covered 7234 miles with total charges estimated at 3682 dollars including investment overhead labor pilot pay fuel and supplies. Army training planes posted the lowest cost at 4812 cents per mile.
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