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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 29, 1917
Page
18
The article explains sharp declines in many specialties due to banks calling loans on brokers' collateral and raising margins rather than pushing money rates higher. It notes money rates at 4 percent despite low reserves and high wartime disbursements, with expectations of relief after upcoming financial factors like rail rate decisions and war measures.
Total sales New York 760400 shares Boston 10629. Most active issue in New York Steel 204200 shares. Most active issue in Boston Atlantic Gulf 1315 shares. Total sales Jan 1 1917 to date New York 107016700 shares Boston 3608728 shares. Corresponding period last year New York 85599128 shares Boston 6322236 shares. Greatest gain in New York list American Sugar 13g to 120%. Greatest loss in New York list Industrial Alcohol 754 to 151%. Greatest gain in Boston list American Sugar 23% to 121%. Greatest loss in Boston list Swift 3% to 151%.
New York market ends volatile with widespread declines across majors led by motors and utilities. Call money under 6 percent signals ample liquidity. rails and coppers fare better. Total volume 790,000 shares. Liberty bonds steady at par or above amid mixed May reports.
New York stock market summary for June 28 shows daily high, low and closing prices across major issues. Net changes from prior close reflect overall market direction for the session.
The Boston market softened as New York shares retreated with Atlantic Gulf dropping 2 12 points to 110. Miners’ strikes spread across the West closing some properties while others remain active. Shannon case threats loom as labor friction grows. German interests weigh on metals hopes. Boston Suburban Electric’s preferred dividend of 4 dollars remains unpaid, while Hopkins and Allen Arms falls to receivership after Belgian contract losses.
New York curb quotes for Boston today show high and low levels with latest ig figures and net changes from the previous close. Market observers note modest shifts across key financials as traders respond to developing news and global cues.
The Missouri Pacific and affiliated railways announce reorganizations to holders of certificates of deposit under the readjustment plan. Bonds cited include The Missouri Pacific Five Per Cent First and Refunding Mortgage due 1959, various six and four per cent bonds, and other listed securities. Trust companies in New York and Boston act as guaranties and trustees for these bonds and related stock claims.
Bankers Trust Company at 16 Wall Street New York invites holders of undeposited Forty Year Four Per Cent Gold Loan Bonds of 1905 due 1945 and related stocks and unsecured claims to deposit such bonds stock and claims under the modified plan. Depositors must pay 49.95 per share plus 6 percent interest from May 22 1917. Offer may be withdrawn at any time without notice. Dated New York June 26 1917.
Current money market rates show 6 percent on several loan types and 6 percent on commercial paper. The foreign exchange market remains steady with afternoon rates for Sterling, francs, guilders, lire, and roubles. New York funds and Sub-Treasury balances posted.
New York June 28 Captain John Clark Jamison long time commodore of the American Line fleet of the International Mercantile Marine Company retires after passing the customary retirement age. He joined the American Line in 1876.
In Pittsburgh a group of over 600 Serbian volunteers bound for the war zone fired revolver shots at a Pennsylvania Railroad signal tower as their train left the yards. J. F. Myers of Jeannette was shot in the leg from the roof of the tower while others fled the supposed Austrian fort.
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