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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 01, 1918
Page
13
Yesterday's total sales in New York reached 583000 shares and Boston 19584 shares. The most active New York issue was Steel with 147800 shares and the top Boston issue Island Oil with 4540 shares.
Trading in stocks was unsettled by war conditions with early declines of 1 to 3 points. In the final hour a buoyant rally in shippings lifted Marine issues, United States Steel rebounded but closed lower, bonds saw renewed pressure, and total sales reached 11.18 million dollars par value with Liberty issues driving activity.
The market steadies after eleven days of decline with muted gains in industrials. General Motors and Reading show strength while Steel common softens on dividend and tax concerns. Mercantile Marine issues surge and investors await battlefront updates as bonds stay resilient and Steel faces potential dividend cuts. Chairman Gary cites improving iron and steel sector conditions and optimism for the long term.
The Blue Bird Silver offering is capped at 100000 shares with most at 35 cents sold and nearly all remaining at 40 cents subscribed. Urges orders before price rises to 50 cents and promises three monthly dividends before January 1, 1919 or a repurchase at 50 cents by R J Burton and Co Boston.
Notice is given that 1250 shares of the New England Power Company preferred stock will be sold at public auction on Wednesday June 5 1918 at 1130 a m in the salesroom of R L Day Co No 8 Congress street Boston Mass. The sale follows an order of the Board of Gas and Electric Light Commissioners and by order of the Board of Directors. WM W Brooks Treasurer.
The Directors of United Drug Co have declared a quarterly dividend of 14 percent on common stock payable July 1 1918 to stockholders of record June 16 1918 James McCormick treasurer Boston May 20 1918
Boston market shows strength in street railway stock with Massachusettes Electric drawing the most trading. Governor McCall hints at changes to the Bay State bill, while investors anticipate the company’s ability to raise fares under a service at cost plan and to secure fair returns amid postwar price trends. Several Calumet & Hecla subsidiaries declare steady dividends, including Isle Royale Ahmeek and Osceola. Centennial also declares a $1 dividend for the first time since March 1917.
The report lists rediscounts for commercial paper and agricultural paper with terms under 90 days, and notes on United States certificates of indebtedness. It also records New York clearing house figures, Sub-Treasury balances, and a near unchanged foreign exchange market with current banker rates for sterling, francs, guilders, lire, Swiss francs, pesetas and Argentine pesos.
June 1 1836 marks 423 days in war with 152 day of year and 53 day of spring. A fleet of 16 vessels landed fresh fish yesterday with four noted arrivals. Ex vessel prices range haddock 4 to 6 cents per pound and various cod pollock hake and halibut values. A large Cuban sugar shipment of 7,680,000 pounds is unloading at South Boston refinery pier. A tanker from Tampico delivers over 2,000,000 gallons of petroleum to Chelsea tanks.
Lieutenant William D. Meyering of Company F 2nd Infantry receives the Distinguished Service Cross from the commander in chief’s office for gallantry during an April 6 attack. He led his platoon, remained at his post despite wounds, walked to a dressing station, and inspired troops to repel the enemy. his right hand was amputated.
American aviators shot down a German aircraft northwest of Toul today within American lines. Aerial combat has continued since daybreak, with ongoing fighting by aircraft in the sector as the front lines hold in France.
Major General Crozier chief of ordnance and War Council member returned to Washington after an extended Europe visit observing ordnance handling.
A World War I summary reports American forces destroying enemy positions in the Woevre during a raid, inflicting casualties and capturing prisoners. It notes continued Cantigny fighting in Lorraine, a downbeat German fear about American prowess, and honors for Lieutenant Meyering. It also details a recent air raid, hospital damage, nurse casualties, and American resolve.
Four German counter attacks were repulsed by American troops at Cantigny with heavy machine gun fire and captures, as German artillery pounded new American positions at night. German air raids targeted villages behind lines. The 88th German reserve division led by General von Lorne and Stange saw action, with its unit earlier involved on the San River offensive in 1915.
An Associated Press report details American forces northwest of Toulon in France breaking German lines. The attack saw an artillery barrage, engineers blowing entanglements, and infantry overrunning defenses with limited American casualties. Two German prisoners were captured, one killed attempting to escape.
German airmen raided behind Allied lines in Picardy hitting a major hospital area. American and French wounded were evacuated to cellars as nurses and Red Cross staff aided the injured. Many civilians, including babies, perished or were wounded. windows and private homes suffered damage.
Government plans to spend 8 million dollars over two years to Americanize foreign born workers by teaching English. H H Wheaton, for Secretary Lane, said a bill by Senator Heke Smith would fund five million for next year and three million for the following year for teachers of non English speaking laborers in the steel industry. He noted about five million foreigners in the United States cannot speak English.
David Blankman alias M Suklad, 34, of Faulk Street Malden, under guard in a hospital after arrest by New York authorities. Inspector Towle, en route from New York, will escort him back to Boston to face counts of forging notes uttering and defaulting in the Superior Criminal Court. Blankman feigned illness during the week in hospital and was discharged yesterday to police headquarters for detention.
John Reed socialist and Rus sian Bolsheviki representative was arrested for inciting to riot and breach of the peace while attempting a street corner speech. Police barred a socialist meeting and another dispute ensued without injuries.
Washington May 31 One million six hundred thousand letters written by American soldiers overseas to their homes on Mothers Day were received at Atlantic ports and are being delivered Representative Lonergan of Connecticut asked the Post Office Department about the letters and was assured their delivery would be expedited
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