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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 17, 1915
Page
14
Boston June 16 The Boston Stock Exchange daily prices show high low and close figures with a comparison to the previous session. Bondi leads the report with rapid movements among listed securities.
Pittsfield awards a temporary loan of 100000 to Morgan and Bartlett of New York at a 2.915 percent discount, due November 17, 1916. Lowell invites bids by 11:00 a.m. June 29 for a 200000 temporary loan due December 15, 1915 and another 200000 loan due July 1, 1916 at 4 percent semiannual interest.
Trading closed strong as U S Steel led New York activity with 46 200 shares while American Zinc topped Boston with 8 281 shares. Total New York and Boston year to date sales reached 58 336 052 and 6 024 903 shares respectively. Cuban American Sugar Co. posted the largest New York gain and Federal Mining & Smelting the largest loss.
Trading closes strong after a volatile day as Reading declares a dividend and United States Steel shows potential gains. Market totals reach 315000 shares with renewed steel orders and bond strength noted for New York Central debentures and Bethlehem Steel convertibles.
The Boston market shows mixed prices with a slight pullback in lead and zinc after earlier gains. Calumet & Hecla weakness tied to Isle Royale board disputes. Utah Apex seen selling to London account. Boston Elevated hits 78, a new low amid Chicago strike spillover fears.
Calumet and Arizona reports a May copper production of 5 727 000 pounds with net earnings near 600 000 dollars. Smelter cost per pound hits a historic low while United Cigar Stores reports record sales for the six weeks ending June 15.
Reading Company announces an 8 percent regular dividend on common stock, signaling improved earnings and easing market concerns. Analysts note surplus strength supports the payout, while rail stocks rally as investors anticipate higher tonnage from crops and renewed market focus on old-line equities.
The New York market reports total sales of 2,918,000 with yesterday's figures at 3,063,000 and weekly 2,527,000. From January 1 to date, 368,214,000 versus 348,758,000 last year. Davis-Daly shows drift on a new vein at the 2500-foot level with an 11-foot ore body grading 7.1 percent copper and five ounces of silver per ton. Zinc traces are negligible. The New York Stock Exchange excludes J I Case Threshing Machine Company old preferred stock certificates.
Normal service on Chicago elevated and surface car lines resumed following an all night arbitration session between railway and labor representatives and a council committee led by Mayor Thompson. Home-bound crowds moved as usual, marking the end of the strike.
Elevated lines began running soon after the arbitrate agreement. surface cars downtown reached the loop by 11 and surged to full operation during evening rush. Mayor Thompson aided the settlement, with neutral arbitration by three parties to meet Saturday. Wages remain nonarbitrable and rush-only “trippers” will be eliminated.
The powder magazine at Hingham and nearby Boston storage sites now employ a company of regular soldiers. Entry requires formal procedures and passes, replacing the former era when a few guards could be bypassed. This shows heightened efforts by the United States to deter inquisitive visitors from ammo stores.
Fresh groundfish prices at the swaterfront fish piers slipped yesterday amid new arrivals. Eight vessels came in with mackerel. the Harkins carried 14 000 mixed sizes and the Monarch 12 000. Prices across haddock cod pollock hake and mackerel were listed, and several steamers entered or departed including the Den of Ogil docking at East Boston and the Seaconnet safely reported at Kirkwall.
Boston on June 1 1915 announces the dissolution of the firm Hayes and Sawyer Company. Frederick A. Hayes and Milton J. Sawyer sign the notice. Financial details reference £11 03% but presentation is part of the dissolution notice.
The piece notes wartime disruption increasing profits for schooner owners as coal arrivals via barges and steamers surge, while no schooner has brought coal this month. The Landsman reflects on the changed shipping dynamics and market effects.
Copper prices remain firm despite a lull in demand with New York agents obtaining 2 and 12 cents for electro lytic and Lake grades bringing 23 cents or more. Lead trends lower as market activity falls while various metals and ores hold steady or drift. iron and coke prices are cited for regional delivery points.
Henry Childs, 67, longtime clerk at the New England House on Blackstone Street, was found dead in his room about 5 PM by housekeeper Margaret White. Dr Berry cited heart failure as the likely cause.
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