Market gains persist as stocks climb amid war talk
Prices rose with Steel common leading gains as market belief grows the German drive may stall. Analysts note potential tax impacts under a proposed 80 percent levy but see large companies like United States Steel maintaining solid earnings and dividends. American Telephone plans new financing while Cuban Portland Cement reports strong plant operation and a Cuba reincorporation move amid war-induced supply issues. Zinc stocks rise on curtailment plans to drain the current excess supply.
MENTIONED IN THIS ARTICLE
United States Steel
Portland Cement Company
Struckmann
Cuba
New Cuban Corporation
Excess supply and government controls depress market outlook
The article notes large production of low grades continues with government price floors on higher grades, driving demoralization in the trade. Atlantic Gulf assets on books amount to 78 per share with 24.5 million dollars ship value, plus 25 per share equity in Mexican Navigation, totaling 104 a share for common. If tonnage is valued at 100 a ton, common stock would be worth about 129 a share.
MENTIONED IN THIS ARTICLE
Atlantic Gulf
Mexican Navigation Company
Midvale Steel
Soshing
Montana
Kitsas
Ates
Steee
Evie
Aetna
Amer Tin & Tungsten
Burns Bros Ice C
Chases Car Light & Roew
NYNW
Curtiss Aero
Sts
Marconi Wireless
Keystone Tire & Rub
Maxim Munitions
North Amer Pulp & Paper
Smith Truck
Norf & W Consig Standard Motors
United Motors
Pacific T
Barnett
Balt & O Gold
Yer Penn Gal
Cosden & Co Pet
Cosden Pete Spa
Oe & O
Basin
Sane
Aed Teeee
Balt & O
Pere Marq
Federal
Tadence
Glenrock i
Merritt
Sl& S
Midwest Oilcom
Northwest Midwest Refining
Okla P & R
Lee
Okmulgee P & R
Wa Ter Pierce
Sena Penn Kentucky
Seab Air Lady
Teeee Sapulpa
Teeee Sapulpa Ref Seene Seneenene
Bea Air Lifts
Sequoyah Tees Eeeeeeeenes Sa
Stanton Oil Ceeeee Weneeere
I'y Tho
Sinclair Oil É Tuxpam Star Sete
Paves United Western New
Warrant Victoria New ‘A
Mining
So Pacifis
Cen Rot NU Bs
Aeae Alaska Brit Col
Big Ledge
Cies & Oon
Boston
Pacific Butte & Detroit
Caledonia
Ches & Ocv Be
Calumet & Jerome Ille
Aces Canada Copper
Anbante
Cash Boy
Cerbet
Serremeteee
So ‘Pacific-San
Arizona Speeearewnne
Ermil
Feist Am
Faais
Cc 8 & Q Joint
Homestea Con Copper Mines
Analo
French Hiutherary
Cresson Golse Veenvenese
Dundee Arizona
Southern Ry
Emma Cons
Wese Eureka Croesus
Gis
CM & &T P Ov
Florence
Goldfield
Indernadenes
Jerome Prescott
Perenne United Eastern
West End
White Cap Mag
Yerrington . Ste Yukon
Market Active and Strong Leads Exchange Totals
Total sales across New York and Boston show strong activity with New York at 58,275,385 shares and Boston at 1,531,938 since January 1, 1918. Royal Dutch and American Tobacco mark notable gains and losses in New York, while American Zinc pref and Rutland pref lead Boston movements.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Utah Metals
Royal Dutch
American Tobacco
American Zinc Pref
Rutland Pref
New York Market Shows Mixed Gains and Late Weakness
The New York stock market rose early on favorable war news and crop reports, with United States Steel leading gains after a 2 1/4 point rise before easing. Major gains came in Sloss Sheffield Midvale Bethlehem and Republic Iron, while autos and equipment rose. Total volume reached 615000 shares and par value sales were 5275000.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Sloss-Sheffield
Midvale
Bethlehem Steels
Republic Iron
Baldwin Locomotive
General Electric
New York Air Brake
Westinghouse
General Motors
Chandler and Maxwell
Utah
Inspiration
Royal Dutch Oil
United States
Boston Market Slips Mixed As Copper, Zinc Stocks Move
Trading opened modestly higher in Boston following New York gains. Zinc producers plan reduced output of lower grade shelter, while American Telephone considers a 40 million dollar convertible bond issue prompting some selling. Massachusetts Electric and Boston Elevated show mixed activity as rail funds test market strength and Swift rights slide. Copper issues gain as producers push for higher metal prices amid rising costs from freight rate hikes.
MENTIONED IN THIS ARTICLE
Alaska
Algomah AI Ae
Alloues
Arizona
Atlg& WI
Bingham M
Boston & Albany
Boston Eley
Boston & Maine
Utte & Sup
al & Arizona
Cal & Hecla
Century Steel Oes
Davis Daly
East Butte
East
Edison Elec
Granby
Hancock
Island Oil
I Creek
Isle Royale
Kerr
Loews Theatre
la Salle
Maas Electric
Mergenthaler
New Arcadians
Ibg
T& Tel
New Haven Pees
Nipissing
Old Dominion
Osceola Svevesecse
Pacific Mills
Pond Cree
Quincy Min
Rutland Pf
Sup & Boston
Serene
Swift & Co
Swift & Co Rts
Torrington Seeedee
Trinity
United Fruit
United Shoe
U S Smelt
U 8
Steel Evedeer
Utah Consalee Ae
Utah Metals
Ventura Recetreres
Victoria
West End
New York
American Telephone
Itu Boston Elevated
Massachusetts Electric
Elevated
Boston Board
Chicago
Chicago Exchange
Bond Market Summary Hidden in OCR Scribbles
Fragmentary list shows several bond prices and tickers from markets. Mentions City of Paris 6s and Tokyo 5s with various figures, plus copper and steel references and distressed tag lines.
Money Markets and Foreign Exchange Report
June 14 prices show brokers loans 5 14 to 6 percent, outside call loans 5 4 to 6 percent, commercial loans 6 percent, and various paper and notes at 6 percent. Silver bars in New York 9949. London 487. Foreign exchange markets listed erratic rates with sterling cables at 4 767 16 and demand 4 7535, plus France 5.71 and other currencies.
MENTIONED IN THIS ARTICLE
New York
London
Schlstern Galen
Isch
Natas Att
France
Worcester Chamber Chief Named Supervisor of Steel Ship Trials
R Stanford Riley president of the Worcester Chamber of Commerce and head of the Stanford Riley Stoker Company accepted the post to supervise all trial trips of steel ships built under the Emergency Fleet Corporation.
MENTIONED IN THIS ARTICLE
Worcester
R. Stanford Riley
Worcester Chamber of Commerce
Stanford Riley Stoker Company
New England
Emergency Fleet Corporation
Waterfont June Calendar From a Historical Almanac
June 16 marks the 1415th day of war and the 436th day of conflict with 166th day of the year. It lists tides, moon phases including full moon on June 24 and new moon July 5, with evening stars Saturn and Mars and morning stars Jupiter and Venus.
MENTIONED IN THIS ARTICLE
Sane
New Moon
Saturn
Mara
Jupiter
Venus
First swordfish of the year arrives at big pier
The schooner Actor delivers 22 swordfish averaging 200 pounds each selling at 31 cents a pound. Groundfish trips yielded about 80 000 pounds in receipts. ex vessel prices listed for haddock cod pollock soles and dabs. Arrivals include haddock large cod pollock and others. Lighthouse bureau announces June 21 placement of a permanent light ship in Nantucket Sound to replace the Cross Rip vessel lost last February. expected to feature wireless and a flashing red light.
MENTIONED IN THIS ARTICLE
Haddock
Haddock. L.cod
M.cod. Pollock
del. Cabral
Lighthouse Bureau
Nantucket Sound
Cross Rip
Baker Names Max Thelan To Oversee War Contracts
June 14. Secretary Baker appoints Max Thelan of San Francisco as supervisor of war contracts under Quartermaster-General Goethals. Thelan reports to Brigadier General Hugh S. Johnson and will have complete control of contracts in cooperation with Assistant Secretary of War Stettinius.
MENTIONED IN THIS ARTICLE
Washington
Baker
Max Thelan
San Francisco
Goethals
Thelan
Hugh S. Johnson
Stettinius
Daring Jail Break Attempt Foiled at Middlesex Jail
Harold Durant a 19 year old prisoner serving six years for burglary and prior escape attempts forced his way through steel bars and wriggled through a gap at Middlesex county jail East Cambridge before a guard spotted him, ending the escape.
MENTIONED IN THIS ARTICLE
Middlesex County Jail
East Cambridge
Harold Durant
Also Mentioned on This Page
Armour and Company
Continental and Commercial Trust and Savings Bank
New York City
Illinois
J. Ogden Armour
South America
Iage
Halsey, Stuart & Co.,(Inc
First Trust and Savings Bankhicago
the Merchants Loan & Trust Company
Hicago
Illinois Trust & Savings Bank
Capital Issues Committee
Telephone
American Telephone Company
Temple H. Fay & CO
State St
Saleterre Etegeees
High Ice Fame
Liverpool
Steels
New York Market
Rumley
Rumle
Alaska Golem
Allis-Chalmers
Inter Corp
Sumatra
T & Tel
Ann Arbor
Assoc Dry Goods
Atchison
Barrett
Beth Steel
Booth Fishe
Brunswick Ter
Ern
Butterick Co
Burns Bros
Butte & Sup
Butte C & Inc
Callahan
Cal Pet
Can Pacific
Peers
Cerro de
Chandler Motor
Ches & Chio
Gt West
Chil I & Pao
CRI
Aresee
Crucible
Deere & Co Pf
Detroit United
Sheer Eeese
Cieeres Eeerres
Erie Ist Pf
Erie 2d Seeeeees
Fisher
Gen Motors
Goodrich Pf
Greene-Can
Int Ag Co
Intie Co
Nickel
Kan City
Kelly-Spring
Kennecott
Lack Steel
Lee R & Tire
Lehigh Valley
Liggett & M Pf
Max Motor
Miami Copper
Mo Pacific
Nat Acme
Nat E & Stp
Nevada
Y Air Brake
Y Central
No Dock Co
Nynh&h
Pacific
Nyo&w
Ohio Cities Gas
Ohio
Penn
Peoples Gas
Phila Co
Pierce-Arrow Ass
St L
Pitts Coaletts
Pitts & W Va
Pitts & WV Pf
Reading
Royal Dave
Bly
Boston Stocks
Seaboard Air
Saxon Motor Steee
Sinclair Oi
Slosserfield
Railway
So Pacific
Met
Studebach
U S
Wilson & Co
Worth P & Mac
Net Sa
Pat Montana
Fortuna
Nixon Nevada
Pacific Tungsten
Pal
Nier
Rilla
Smith Motors
Vey
right-Martin
Tee Seennee
Cit
Frei
City of
Paris
Fis
Tokyo
Jes
Chi
Erie
CCC & St
Distillers
Nel
Cri&pr
Bordis
Lyons
Rise Galt
Money Markets
Federal Reserve Bank
Padre Sas
Ealee
Roper Eins Saveraeveessa
Treasury
Bess
Igh
Mer
Iim Tong
Ft. Lin
Tin
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