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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 16, 1917
Page
16
Boston March 15 report lists pie prices and quotations with net change from prior close. Stocks and markets show activity across days, reflecting price movements and market sentiment.
New York total sales reach 459,900 shares and Boston 13,265. In New York top issue is Steel with 103,500 shares while in Boston Pond Creek leads with 1,875. YTD to date for Jan 1 1917 to date New York 42,793,800 shares and Boston 1,983,623. Year-ago comparisons show New York 3,381,746 and Boston 1,730,185. Largest New York gain Ohio Cities Gas 4 1 2 to 111 1 4. Largest New York loss Wheeling & Lake Erie pref 3 to 38 1 4. Boston gain Calumet & Hecla 10 to 560. Boston loss Nor. & Wor. pref 10 to 135.
New York market holds firm to strong early gains then falters in late dealings as Russia revolution reports dampen sentiment. Bethlehem Steel and United States Steel advance, while copper and oil issues gain, utilities rise mildly with Ohio Gas leading, and overall volume reaches about 455,000 shares.
Local market shows slight advances with Calu met and Hecla up 10 points to 560, Mohawk up 1 to 8 1 2, Atlantic Gulf up 8 4, and American Woolen in demand. Copper dips slightly as spot quotes hold near 36 to 37 cents, with March 36 and June 34 to 34 1 2. Alaska output rises in February to 150,000 tons at 1.35 per ton, aiding recent strength. Chili Copper convertible bonds worth 35 million will retire floating debt and expand plant capacity to 27,000 tons daily.
The trustees declare a dividend of 1.50 per preferred share and 0.25 per new common share payable April 16, 1917 to shareholders of record at close of business March 26, 1917. George F. Howland treasurer Boston March 15, 1917.
The market eased fears of a general rail strike with a sharp rally from the prior close, led by strength in Bethlehem Steel and other industrials. News from Berlin and Russia later tempered gains, but the week saw a broad rebound and a deepening view that U S Steel and related firms would sustain capacity demand through mid 1918.
Globe-Dominion Copper Company stock, underwritten by Moran Co and Banks & Weeks, has sold out. The 420 acre Globe Arizona mining claims adjoin Old Dominion Iron Cap Superior & Boston and Arizona Commercial Copper properties. Sidney H Ball notes 38 veins outcropping with favorable surface indications. Trading on the New York Curb remains active and exchange listing is expected on the Boston Stock Exchange.
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