Bond Market Update for Lorillard 11k 7154 Bozi
The report notes a U S 13 bond from Lorillard Company with 11 thousand 7154 bozi listings. Market activity shows bids and yields shifting as investors reassess tobacco sector debt.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 12, 1918
Page
15
The report notes a U S 13 bond from Lorillard Company with 11 thousand 7154 bozi listings. Market activity shows bids and yields shifting as investors reassess tobacco sector debt.
Totals show New York sales 375600 and Boston 8296 with most active NY steel 52900 and Boston Butte Balaklava 1590. Year to date Jan 1 1918 NY 56721485 and Boston 1488613 shares. Last year NY 95523200 and Boston 3411170. Notable gains Am Sumatra in NY 4 1 4 to 143 1 2 and Am Zinc pref in Boston 3 to 48. Losses include Pere Marquette pref in NY 2 1 2 to 55 and Fitchburg pref in Boston 3 to 60.
Trading in New York stocks was steadier and more varied than yesterday with war news shaping opinions. Gold imports resumed from Canada via the Bank of England reserves in Ottawa, while rails and industrials showed mixed moves and tobacco and motor accessories led small pools to higher prices. Total volume reached 375,000 shares with bonds and Liberty issues showing modest strength.
A dull trading session in Boston saw mixed price changes with rumors of a government price fixing end. Baruch denied the claim, Massachusetts Electric dipped, Island Creek rose, and American Zine fell while its preferred gained. Copper producers seek talks over costs amid higher freight rates. The exchange may stay open June 17.
Boston reports high and low quotations and diving prices for today with net changes from the previous close, as compiled for the Market Barometer.
Aetna Explosives shows 13 percent at 14 14 with intraday 1444. Brit Am Tobold trades at 15 percent with 1549 1644 high low and close. Burns Bros Ice Corp remains steady at 25 25 for open high low and close.
The Fairbanks Company sells 1 million dollars of 8 percent preferred stock to Richardson Hill & Co with plans to offer to the public. Proceeds will fund expansion after last year’s gross of 11.93 million and 1917 net profits of 1.32 million. The firm eyes listing on the Boston Stock Exchange.
The report lists current loan rates from brokers and customers around 6 percent, rediscounts of commercial paper, and trade acceptances up to 90 days. It also provides Exchange, Boston and New York balances, Sub-Treasury figures, and notes on the steadiness of the foreign exchange market with rates for Sterling, Francs, guilders, lire, and more.
Jones Smith has been married five years and has no child. Brown notes curiosity about heredity in the family and asks about the Smiths.
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