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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 18, 1915
Page
18
The market trend tilts downward with most leaders posting losses. Baldwin Locomotive Distillers and General Motors slip while Mass Gas and United Shoe rise slightly in Boston. Local metal stocks soften amid weaker overall activity.
Yesterday's totals show New York sales of 313 023 shares and Boston 37 002. U S Steel led in New York with 50 400, American Zinc in Boston with 11 000. Year to date through Jan 1 1915 New York 58 649 075 and Boston 6 061 905 shares, compared with last year's 36 247 200 and 2 756 679 respectively. Notable moves include St Louis and San Francisco pref up 3 to 11 in New York, Federal Mining and Smelting down 834 to 35% in New York, General Electric up 3 to 175 in Boston, and Mergenthaler down 6 to 80 in Boston.
New York stock dealings on June 17 show subdued activity with total output well below early month levels. Federals and metals slip while war stocks gain. United States Steel remains in demand, and Chesapeake & Ohio dividend news weakens the list as bonds stay steady with $3.06 million in par sales.
The Island Creek Coal Company directors declare a regular quarterly dividend of 1.50 per share on preferred capital stock payable July 1, 1915 to holders of record at the close of business June 23, 1915. F. W. Batchelder, treasurer. Eastern Texas Electric Co. Beaumont and Port Arthur Texas No. 7 preferred dividend of 3.00 per share payable July 1, 1915 to stockholders of record at close of business July 15. R. C. Webster, transfer agents.
The Boston market shows dull trading as lead and zinc prices fall. Mixed gains appear in Massachusetts Gas and United Fruit, with United Shoe Machinery rising amid expectations of possible dividend actions tied to government suits.
The Boston Stock Exchange markets open with listed high and low prices for bonds and securities. The report compares current figures to the previous close, outlining daily fluctuations.
To holders of the New York Central and Hudson River Railroad Company three and one half per cent gold bonds Lake Shore collateral, consents to the consolidation of the New York Central and Hudson River Railroad Company and the Lake Shore and Michigan Southern Railway Company were given and accepted.
Lead prices surged as talks of market manipulation echoed zinc fears, with war tied demand from Canada and Australia shrinking output. Analysts anticipate further rises if wartime demand persists, while steel sector gains and higher payments challenge lagging stock values.
Trust companies KUHN LOEB CO and guaranty trust announce changes to terms of ges ine bonds as advantageous to bondholders. They recommend depositing bonds to expedite completion of the Plan noting market price recently rose about ten points to roughly 104 percent.
The foreign exchange market remained steady with bankers transacting after noon. Sterling cables quoted at 4,774 with a demand of 4.76, francs at 5.46, marks at 824, guilders 3974, and lire 5.95.
Copper remains quiet with electrolytic at 201-2 and Lake copper fetching 25c plus for prime grades. Spelter eases 1 to 2 cents, with spot at 21 1-2c and futures down. Iron remains active with No 1 Northern Boston at 15.38 and No 2 Northern at 15.58 for deliveries through Jan 1, 1916.
Hancock Mining stockholders approve selling 75 acres near shaft No 7 to Quincy Mining for 191000 with a 60 by 900 foot boundary strip for 35000. Hancock gains shared use of Quincy shaft and mill. Also changes at American Sugar Refining with Babst named president. Bethlehem Steel builds shrapnel loading plant and powder magazine. NYSE seat transfers from Daniel Bacon to Alfred Romary for 55000. Melancthon Burr Jr. seat to Van Rensselaer Burr with no price listed.
Pawtucket sold a 200000 loan due October 18 1915 at 2.79 percent discount to Bond and Goodwin. Watertown awarded 75000 due April 14 1916 at 3.475 percent discount to First National Bank of Boston with other bidders listed. Attleboro and Beverly announce bid deadlines for 50000 and 100000 loans respectively. Belmont also closing bids for purchases into June.
A long list of funeral notices from Boston area towns dated June 16 17 18 1915. Names include Baier Bangs Crosby Cuppers Doherty Dyar Fay Gee Geoghagan Gosbee Keane Mariani Murphy OBrien OBrien Pendergast Quinn Richard Scully Toll en with funeral details from homes churches and cemeteries and invitations to relatives and friends.
Bid invites issued for 19000 dollars of 4 per cent serial bonds for Worcester Massachusetts projects. A separate 300000 dollar temporary loan is offered with a due date of October 18 1915.
At a stockholders meeting Mutual National Bank elected Augustus T. Beatey and Charles W. Cheney plus Forrest S. Smith and Arthur C. Wisem to the board. Incumbents remain: Charles P. Curtis as chairman, Chandler M. Wood president, Walter S. Crane vice president, William H. Stickney cashier.
United States Steel Corporation announces a new tin and by products plant near Pittsburg, likely at Donora, costing from 500000 to 3000000 dollars. Chairman Elbert H. Gary says operations will start by January 1 if feasible.
Officer Timothy J. Buckley of the Somerville police fought with Florence M. Sullivan, 22, for about 15 minutes as he attempted to arrest her. Buckley required hospital treatment and Sullivan received treatment for scalp wounds at the police station.
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