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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 07, 1918
Page
20
Market notes show General-Marine preferred shares down 3 4, coppers and steels retreating, rails steady, Liberty bonds gaining, and overall local listings showing little change amid broad sector movement.
Total sales in New York and Boston for yesterday show 530 700 and 9099 shares respectively. Largest NY actives were Steel and Mass Elec pret in Boston. Year to date totals compare 55 885 985 NY and 1 468 873 Boston. NY leaders Underwood Typewriter gained 23 4 to 104 3 4 while Mercantile Marine pref fell to 101 1 2. Boston gains Am Sugar to 111 1 4, losses Calumet & Hecla to 435.
New York stocks showed aimless trading for most of the day with only mild late gains of one to four points. Volume totaled 530000 shares as investors waited on domestic factors, copper price signals, and the Mercantile Marine deal progress while rails faced concerns over director-general powers.
New York June 6 prices show daily highs and lows across listed issues with closing quotations and net changes from the prior close. Market activity centers on steadying demand and notable shifts in several leading stocks.
Boston June 6 Ex dividend notes appear as stocks quote today with high and low values and net changes from the prior close. The report lists market activity for the day and notes ex dividend status.
The Boston market notes soft Massachusetts Electric preferred at 261-2 and common under 3 while a public operation plan with the Public Service Commission hints earnings could rise from $5 to possibly $6 a share. American Woolen Ayer Mills to pay notes due next March. Wood Worsted Mills absorbs $7,000,000 property without extra capitalization. South Lake directors plan to close copper property, hoping to resume in 60 to 90 days if conditions improve.
Current prices show loans and discounts mostly at 5 to 6 percent across brokers and customer loans. Federal Reserve rediscounts detail short to mid term paper and Liberty Bond secured notes. Evening exchange rates list firmer cabies and foreign currencies with sterling, francs and guilders quoted.
The Grand Council of New England United Commercial Travellers opened its 25th annual convention in Portland on June 6 and adopted a resolution pledging all efforts and resources to aid the President in victory for the army and navy. Over 18 delegates attended the meeting.
Amid war news investors weigh proposals for higher profits taxes on big corporations. United States Steel and other giants face dividend pressure while porphyry copper firms like Chino Utah Ray Nevada adjust payouts. Despite tax talk, industry orders and profits rise, with majors forecasting sustained production into 1915 and beyond.
The Dorchester Board of Trade voted unanimously to oppose a five day work week proposed by the Carpenters Union and any similar effort during the war. It urged craftsmen to work full time to speed production and support the national war effort, calling curtailment of hours or days absurd and unfriendly to the country's interests.
Massachusetts Board of Food Administration presents prevailing wholesale and retail prices. The first column shows wholesale figures charged to retailers while the right column shows prices retailers may charge. Includes per pound dairy and canned goods pricing with per package estimates.
June 6 reports indicate men deemed physically unfit for overseas service at Camp Devens will be reassigned as United States guards. They will be sent to coastal waterfronts for guard duty and are considered capable in this role despite overseas unfitness.
Officials assess men of exceptional weight for front duties to save hospital space for the wounded. Night maneuvers include a bayonet raid across No Man's Land with simulated artillery. New training shifts as many candidates return to their units next week to meet division needs.
The War Department ordered development battalions at all national army, guard, and regular camps to train men not yet fit for service. Recruits with language gaps or other faults will receive intensive instruction or be discharged if untrainable after trial.
June 7 water calendar reports 469 days in war, spring day 59 with tides 9 to 11 feet. Full and new moons listed. Uranus Jupiter Saturn Venus and Mars visible. Atlantic pier hosts 13 fishing vessels. fish prices given for haddock cod pollock halibut herring and flounders. Arrivals include several steamers with cash values and halibut cargoes. Captain Frank E. Brown dies of pneumonia in Hampden Maine aged 65. longtime Eastern Steamship Company figure.
Edward Annis 14 of 23 Edgeworth street was struck by an inward bound Boston and Maine train in the Millbrook street yard while walking on the tracks. He is in Worcester city hospital with a possible skull fracture and his condition is described as serious.
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