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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 10, 1917
Page
11
A brief dispatch notes Homa Oil, Truro Steel, and Jerome Verde have sent for a special letter. The announcement lacks further details on purpose or recipients.
Dr Rudolph I Coffee of Chicago the former executive social service director of Bnai Brith was principal speaker at Bnai Brith night at Temple Chabel Shalom Union Park Street about 800 Amos Lodge and Massachusetts Lodge IOBE members and friends attended His talk titled Judaism and Social Service focused on Jewish community service efforts
Yesterday's market activity saw total shares traded in New York reach 792 600 and Boston 24 393 with steel the most active issue in New York at 194 100 shares and American Zinc leading Boston at 3 360 shares. Year to date totals show New York at 39 984 700 and Boston at 1 888 549 while the prior year’s period tallies were 32 252 879 in New York and 2 562 139 in Boston. Leading gains included S P R Sugar in New York rising to 195 from 12 and Atlantic Gulf in Boston advancing to 10718 from 318 while General Chemical fell to 240 from 246 and West End slipped to 5214 from 53 2.
Market strength rose today with gains in rails and industrials led by steel and General Motors as the Fed signaled a friendlier stance on foreign investment. Utilities, cigars, and sugar rose on professional buying, while trading was lighter in rails and bonds mixed with strength in UK issues.
Boston market report lists daily high and low prices for Government bonds and stocks. Financial data includes closing figures and notable movements affecting traders and investors during the session.
Boston market reacts to New York activity with widespread gains in metal issues. Atlantic Gulf rises to 1071 2, United Fruit strong here and in New York, United States Smelting leads the metal group with 64, Pond Creek Coal up to 22, American Zinc up to 381 2. Federal Reserve hint boosts foreign bonds stocks, National Acme reports 18 million sales and 6 million profit, per share. American Pneumatic Service earns 427 thousand in 1916, dividends declared. Old Dominion pays 3 a share quarterly, Tran suse Williams Steel Forging poised to raise quarterly dividend to 1 50.
The article lists scattered bond issues and quotations across firms and sectors with varied yields and maturities. It notes substantial year over year and weekly trading totals, contrasting current figures with prior periods, including banked cash values and company names, without cohesive narrative.
Providence March 9 W. W. Wade Brown 17 of Trenton Tenn today received a wire from J. R. Bend er coach of the University of Tennessee announcing his appointment as assistant football coach at that university for the coming year Wade has played guard on the Brown eleven for the last two years and in that time participated in all the big games He has been a member of the varsity squad for four years at Brown and was considered a remarkable player for his weight which never exceeded 176 pounds.
Current quotations show call loans at 4 percent for brokers and outside brokers, commercial loans around 4 1/4 to 4 1/2 percent, collateral loans 4 to 5 percent, and commercial paper near 4 3/4 percent. Year money stands at 4 percent. Clearing House, New York funds and sub-treasury credit figures are listed, with gains in New York banks on sub-treasury operations. Foreign exchange in sterling, francs, guilders, lire and rubles is noted with slight firmer demand for sterling and easier rates for others.
Pianist Thompson Stone gave a recital in Steinert Hall featuring Mozart Mendelssohn Chopin Ravel Albeniz Cyril Scott and Liszt works. An audience of good size offered cordial applause.
The Supreme Court began the federal dissolution suit against United States Steel Corporation and its subsidiaries. Seven justices sat, Brandeis and McReynolds absent after voluntary retirements. Government described the firm as a colossal, over capitalized, half of national steel output group with over $2 billion in assets. The defense argued the Sherman Act bans size not power and noted current production share declined to 40.9 percent.
Maritime items describe a busy port with fish landings and wholesale prices for haddock cod pollock hake and other fish. Vessels arriving include the Beam trawler and the Ohioan carrying wool skins cheese hides and gold from Buenos Ayres. Sailor reports note a dim Tarpaulin Cove light and a total loss coal barge Frank Pendleton with crew rescued. The George B Cluet is renamed Reykjavik to load goods for Iceland and a four masted vessel is to be built at Green's shipyard.
Prices surged to new highs after earlier hesitation as the Federal Reserve signaled easing limits on foreign bond investment, boosting confidence. Strong gains in American Smelting, General Motors, and copper shares followed, with GM boosting its dividend and Osceola and Quincy Mining posting solid earnings for 1916 and 1917 outlooks.
The keel has been laid at Chelsea on ways where the barkentine Herdis was built. The new craft will measure 207.6 feet long 42.4 feet beam and 20 feet depth. It is undecided whether she will be a schooner or barkentine but an option on the Herdis has been secured and if exercised the vessel will likely be square rigged.
Shipping notices list numerous steamers and tugs sailing between Atlantic ports including Gyp Clark James Huron Grecian City of Gloucester and Paxinos. Vessels enter and depart Philadelphia Baltimore Portland Newport News Norfolk and Lynn with towing barges and cargo movements to Newburyport Portsmouth Searsport and Bath.
F A Harris a North station clerk of the Boston B and M R R defends mail porters against Post Master Murray's charge in the current issue. Harris argues the staff can read and write English, errors stem from unclear labels, and legibility of destination addresses would reduce mistakes.
The lower house of the Vermont Legislature passed a bill allowing women taxpayers to vote on most appropriations and all town officers except the road commissioner. The 101 to 8 vote was hailed as a suffrage victory. the measure now proceeds to the Senate.
Vermont lawmakers killed a bill intended to bar physicians from foreign countries from practicing in the state. Debates noted Canada already had a similar law in effect.
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