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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 08, 1917
Page
19
New York market notes a moderate rise in public interest but limited investment, with prices fluctuating in a bewildering session. The general list shows gains of one to six points, except rails. Coppers perform best, securing a strong showing in the final hour amid extensive selling.
The session shows Utah up 21-2 to lead gains while Central Leather and American Can advance 2 to 4 points. Steel issues rise then retreat on profit taking, with rail and coal stocks dragging. Total sales reach 880,000 shares and bonds show irregular, London hints of UK rate cuts.
New York stock quotations show high low and closing prices for today with net changes from the previous close. The report lists market activity across listed issues reflecting gains losses and price movement in a standard daily summary.
The Boston market failed to mirror New York’s strength, with prices easing despite firm Western copper mining activity. Gulf and Fruit shares weakened while Gulf preferred and American Zinc preferred rose. Boston & Maine gained on news of near‑ready reorganization, but NH legislative approval and enabling bills loom. Butte & Superior’s zinc contract with American Zinc ends March 27 and won’t be renewed, as similar terms with United States Smelting also lapse. American Metal Company to resume dealings with Butte & Superior.
Boston March 7 Today's bond quotations show high and low ranges with a closing level and net change from the previous session. Listings include Am Tel 5s with values around 101 and other issues, reflecting market activity and shifts in demand.
A market rebound followed by modest gains, led by copper shares and steel. American Can rose to 465 8, Corn Products jumped over two points to 25, with January earnings strong and a projected year outcome near $12 a share after full dividend provisions. American Smelting showed activity ahead of an upcoming annual report, with estimates suggesting earnings of $30-$35 a share. Pacific Mail noted asset sales offsetting fleet costs, while American Radiator posted a near $30 per share common earnings balance and approved a large stock increase including a 50 percent stock dividend.
A snapshot of New York curb trading shows bonds with mixed prices and yields alongside diverse stock listings. Mining, industrial, and oil stock sections detail prices, gains, and losses for companies like Alaska Mines Butte Copper Magma Cop Chee Ohio Cop Un Verde Ex Aetna Expros Am Int Corp Am Writ PP Chevrolet Rock Island Wright Mar Buckeye Pipe Illinois Pipe Standard Oil Union Tank Cosden & Co Merritt Oil Midwest Oil Sinclair Oil and others, with varying bid and ask levels and closing tendencies.
The bond market in New York sees mixed activity with Anglo French 5s firming while other foreign issues stay steady. Interborough Metropolitan 445s attract fair demand. more list entries are irregular as traders digest government bonds and corporate issues with notable names such as Penn Central, Erie, and Union Pacific appearing in quotes alongside various 4s and 5s. Total sales reach $2,257,000, with year-to-date and prior-year comparisons noted.
Current quotations show call loans at 4 percent for brokers and outside brokers, customers commercial loans 4 to 5 percent, and collateral loans 4.5 to 5 percent. Commercial paper and year money at 4.4 to 4.5 percent, with other details unreadable. trade accepts and agricultural and commodity papers referenced.
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