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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 23, 1916
Page
18
The market showed dull firmness then weakness as war fears rose. Copper and zinc issues fell, while majors like United States Smelting faced dividend doubts. Atlantic Gulf & West Indies reported record May earnings, base labor concerns arose near Mexican border, and shell deliveries from Laconia Car affected preferred dividends.
Ameri can Oil Company of New England closes a contract with Pittsburg interests to develop a large amorphous graphite deposit on Property Provenwa Island Narragansett Bay. Jamestown ore reaches 83 percent graphite. Mill tests at Bethlehem Pa by Pettinos Bros. target graphite over two carloads yielding about 500 dollars. Oil sands at 1300 feet depth carry paraffinic oil. rigs planned for this summer.
The June 22 Money Markets section shows call loans for customers and outside brokers at various rates, commercial and collateral loans ranging from about 4 to 6 percent, and commercial paper from roughly 3.34 to 4.34 percent. Year money at around 4.44 percent, with silver and foreign exchange notes and time frames for bills and acceptances. The Foreign Exchange section notes a firmer tone with Sterling cables at 4.7614 and 4.7513-16 demand, Francs at 5.014, and other major currencies quoted.
Yesterday's total sales New York 601 247 shares Boston 35119 shares. Most active New York U S Steel 59300 shares. Boston Atlantic Gulf 6605 shares. Year to date totals Jan 1 1916 New York 83130176 shares Boston 7201421 shares. Last year to date New York 59968352 shares Boston 6193858 shares. Largest gain New York Third Avenue 238 to 67 1 8. Largest loss New York Industrial Alcohol 7 to 147. Largest gain Boston Concord & Montreal 2 to 97 1 2. Largest loss Boston Calumet & Hecla 5 to 530.
New York markets opened with uneven moves as investors reassessed Mexican tensions. Petroleum and copper stocks fell while American Smelting and Texas Company held or gained. Bank gold holdings rose in London and Paris, and Canada boosted its contribution to the move. Total volume reached 585000 shares with mixed bond activity.
Boston market reports broad weakness in zinc and copper stocks with London price breaks triggering declines. Greene-Cananea falls to 40 after Mexicans seize the property. Granby slips from 91 toward 88 3 4. U S Smelting down 2 1 2 to 67 1 2 amid dividend doubts. Massachusetts Gas directors suspend 5 percent dividends for a year. New Jersey Zinc cuts high grade prices by 8 cents per pound signaling oversupply.
Major H. Bert Knowles of the quartermaster's department says troops can be moved to Texas by rail or steamboat, but transport scarcity favors railroad movement. A full infantry regiment will need a train a mile long for men and equipment, as movements from Framingham toward Albany and Poughkeepsie hinge on available cars.
Paige Detroit Motor Car Company earns 1.5 million annually, up from 654000 in 1915 and 123000 in 1914. With an 80 percent stock dividend and 100009 stock sold, total capital stock stands at 1 million. Net tangible assets total 1.5045 million as of June 1, valuing shares at 15 per 10. Laconia Car directors defer action on preferred resumption.
Boston stock list presents high and low bonds prices at the Boston Stock Exchange with comparison to the previous close. The report notes current market activity and price ranges for traders.
June markets show firm producer prices for copper while second hands hold or soften. Spot and futures reflect stagnant spelter and dull lead with mixed bids for June and July deliveries. London prices hint at mild declines across copper tin lead and silver.
Lynn invites bids by noon June 28 for 150000 loan due November 22 1916 Weymouth seeks bids by 10 am June 24 for 50000 loan due April 4 1917 Lowell invites bids by 10 am June 29 for two loans totaling 800000 with 200000 at discount due November 16 1916 and 600000 at 4 percent due July 1 1917
Maude Hall writes about athletic girls in "Toys for Tennis" illustrating how sports nurture strength and confidence. The piece previews colorful illustrations in the upcoming Sunday Post, highlighting girls’ participation and encouragement for youth athletics.
Brodie W Wynn and Lillian Wynn seek to adopt William Monroe born in Boston on about June 19 1912 aged four from unknown parents. They request leave to adopt and to change his name to William Wynn. Court schedules hearing July 18 1916 and orders notice by publication and mail.
Proposals for manufacturing breeches coats and overcoats using materials furnished by the Quartermaster Corps are due by 1 p m July 7 1916. Deliveries to Boston New York Philadelphia or Chicago depots of the U S Army. For application details contact. Also American flags of cotton bunting with 13 stripes 48 stars and grommets priced from 1.00 to 3.00. Daniel O Neill Everett Mass lists sale of a 77 by 26 steam ferry boat for harbor or river use at 8000 with offers considered.
Births and deaths notices list multiple entries with marriages and obituaries. The 1916 items record Cooper Thomas wedding at St Thomas Church in New York, and numerous death notices across Cambridge Roxbury Melrose Charlestown Dorchester and other area communities with funeral details and interment plans.
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