Dull and Irregular Stocks Patch Market Session
A list shows fractional gains and losses near even as Marine Ptd weakens while Virginia Carolina Chemical strengthens and Swift posts a strong note amid a dull local market.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 20, 1918
Page
16
A list shows fractional gains and losses near even as Marine Ptd weakens while Virginia Carolina Chemical strengthens and Swift posts a strong note amid a dull local market.
Total sales in New York 410100 shares and Boston 12975. New Yorks top issue Steel 69400 shares and Bostons Swift 2809. Year to date Jan 1 1918 totals New York 59905885 and Boston 1573600. Last year periods were New York 101116900 and Boston 3495163. Major changes include St Louis & San Francisco Ist pref gain in New York and Royal Dutch loss. In Boston Swift rose 2 1 2 to 108 1 2 while United Shoe fell 1 to 25 1 8.
Trading in New York stocks remained superficially steady with a late easing trend. War news influenced sentiment as Austrian advances paused then German offensives resumed while Brookyln Transit and steel groups showed limited gains and widespread uncertainty lingered in the market.
The Boston market shows little action besides Swift & Co gains after rights expiration. Boston Elevated stock steadies despite concerns over raising 5 million dollars via new 7 percent preferred stock. President Brush cites only about 1.58 million of 3 million sought, with remaining funds tied to promises and investor outreach.
Boston, June 19 high and low quotations and closing prices listed with no changes from the prior session. Market activity reflects limited movement across major issues as investors await further guidance.
The Landsman notes fresh fish prices remain high despite 455,000 pounds of groundfish arriving yesterday. About 55,000 pounds of fresh mackerel were brought in by the schooner Mary K. Harty and the steamer Bessie Dugan. Vessel prices for haddock, large cod, pollock, hake are listed. arrivals and fares for several ships are recorded.
Governor McCall added Joseph A. Legare Lowell to the advisory council aiding Charles F. Gettemy in enforcing the anti loafing law. Legare, former secretary to Congressman Butler Ames, joins four members named last week with possible future additions.
Harry Noble seven years old of Putnam Street East Boston lies at East Boston Relief Station after falling from the rear of a Boston Elevated car on Bennington Street. Police say he was stealing a ride and lost his grip and was unconscious when found.
A historical catalog style list shows investors seeking 50 shares of U S Worsted common 2nd, 50 shares of Palmer Union Oil 6s, 100 shares of Nash Motors preferred, 100 shares of Louisiana Oil Refining preferred, and various merchandise firms incl Converse Rubber Shoe, Hartley Silk, Waltham Watch, Sagamore Mfg, American Linen, and Border City Mfg among others.
The market remains dull with little net price change after an early gain. Analysts view potential German push toward Paris and a strong crop outlook as key factors while noting high bonds, earnings plans, and proposed steel price revisions.
Free publications titled The Part Payment Plan and Securities Suggestions issued by R C Megargel & Co. Securities Suggestions is a semi monthly booklet with articles on railroad stocks yielding 7 to 10 percent and other items. The Fisher Body Corporation and subsidiary report for year ending April 30 2018 shows net earnings of 2,854,481 dollars.
Current prices show broker loans at 6 percent, year money at 6 percent, and various rediscount rates for commercial paper and agricultural paper. Clearing house and exchange figures list New York and Boston balances, Sub-Treasury credits and debits, and a steady foreign exchange market with sterling at about 4.76 dollars and other European currencies quoted.
Money deposited in multiple Massachusetts banks and trust companies earns interest from specified dates. Institutions include Andover Savings Bank Andover Brighton Five Cents Savings Bank Brookline Savings Bank Cambridgeport Savings Bank Melrose Savings Bank Blackstone Savings Bank Boston Boston Five Cents Savings Bank Columbus Savings Bank Home Savings Bank Salem Five Cents Savings Bank Waltham Savings Bank and various trust companies with dates ranging June 29 through Aug 1. National banks Boylston Bank Second Bank Union Market National Bank dated July 1 or July 1 as listed.
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