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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 25, 1918
Page
31
A local firm plans to procure tungsten valve steel from the American Dry to meet state orders. If the current lot satisfies specifications, the company will pursue a year long contract and begin talks on further work.
Stock prices rose modestly in most issues with gains in steel and Western Union, but Sumatra Telephone lagged. Local market list was irregular as investors adjusted to mixed signals and broad sector shifts.
Total sales in New York 281 700 shares and Boston 7 981. Most active New York issue Steel 95 100 and Boston Island Oil 900. Year to date totals New York 80 164 336 and Boston 1 901 002. Figures compare with last year New York 119 181 000 and Boston 3 827 584.
Trading in New York shares finished with a bias toward gains after an uneven day. United States Steel led activity with modest dividend questions, while Liberty Loan timing and tax talks influenced sentiment. total sales reached 283,000 shares and bonds varied on broader dealings.
Disinterested activity yesterday left the local market with light volume and mostly insignificant price changes. Notable moves include Torrington up a couple of points and United Shoe Machinery up one, while Ahmeek Cuba Portland Cement and Mass Gas preferred fell by one or two points. Granby appeared with a multi point gain after a strong production report as United Fruit slipped fractionally amid submarine concerns. Central Aguirre Sugar in Porto Rico finished the season with 47,200 tons produced and about 1.5 million dollars of sugar stored on the island, moved by limited monthly tonnage.
Prices rose slightly amid light turnover as war news kept sentiment cautious. Steel and railroad shares showed small gains while American Telephone and Western Union saw limited activity. Lee Tire & Rubber reported strong half yearly earnings and improved sales, with debt reduced and reserves rebuilt.
Boston stock quotes show varied activity with highs and lows logged for the trading session. Market notes compare today’s ranges to the previous close as investors react to shifting conditions.
Syracuse N Y July 24 Michael Cassius Coyle aged 8 once linked with American sex died today at Weedsport in a case that has drawn jury attention and public curiosity about his fate and the mystery surrounding his name.
Paris reports Austrian preparations for an Albania offensive have been shattered as French and Italian forces push along a 20 mile front. Munitions depots and stores of food and war materials have been destroyed or captured while Franco-Italian lines straighten near Poévits and advance along the Devol River.
Current prices show brokers customers loans at 5 to 6 percent outside brokers call loans 54 to 6 percent and customers commercial loans at 6 percent. Year money 6 percent. Bar silver in New York London and Mexican dollars cited with fractional quotes. Boston Federal Reserve Bank rediscounts of commercial paper detailed for papers with 15 days or less and those with 16 to 60 days to run.
Judge Dowd sentenced two violators of the food laws and imposed heavy fines on four others after stern reprimands in the Municipal Court. Eight additional arrestees, detained by Officer George McCaffrey with the health department, will face trial next week.
Officer McCaffrey warned that conditions in Boston restaurants and stores are alarming as the health department launches a crusade against infractions. It urges citizens to report violations and to bring in tainted food. Several firms and individuals faced fines and sentences for unsanitary handling, tainted meat, decomposed eggs, and unlicensed sausage manufacturing.
The Church of the Advent hosts the last patriotic service Sunday at 7 30 pm with a Navy theme. Rev Father Reagh will preach on the Navy and Its Relation to the War, and Rear Admiral Spencer S Wood will attend. The World's Christian Endeavor building is to be dedicated July 31 and August 1 with speeches by Francis E Clark Daniel Polling and William Shaw.
Prince Yoshisha Tokugawa head of the Japanese Red Cross mission in America spoke before Vassar College student nurses in Poughkeepsie July 24 praising American women for their war effort. He said the rapid transformation of the United States into a prepared wartime nation would be noted as a marvel of the present war.
John J. Bray, famed Boston swimmer and Revere Beach lifeguard, was commissioned a first lieutenant in the Quartermaster's Corps and sails for overseas service. He has saved more than 500 bathers in eight years at Revere Beach and plans to lead in foreign waters.
Tide data, star observations, and vessel counts accompany groundfish arrivals and ex vessel prices. Reports note two steam trawlers and seven schooners delivering 344000 pounds of groundfish, with haddock cod pollock and mackerel prices listed. Also reports Captain John Gardner’s safe return to Liverpool after Atlantian torpedoing and coal tonnage reaching Boston.
The Post Office Department reports postal airplanes operate at about 60 cents per mile for routes among Washington New York and Philadelphia. Nine aircraft covered 7234 miles in total with costs including investment overhead labor pilot pay fuel and supplies totaling 3682 dollars. A training type army plane showed the lowest cost at 4.812 cents per mile.
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