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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 18, 1915
Page
14
Market movers shift on Mexican Petroleum and Bethlehem Steel quotes in New York and Utah while Apex rises in Boston. Calu met drops five points as Rutland Railroad shares fall, signaling broader equity moves across a mixed session.
Yesterday s total sales reach 117 100 shares in New York and 24 905 in Boston. Reading leads New York with 20 200 shares and Utah Apex tops Boston with 4520 shares.
Market totals were the smallest in weeks with a firm underlying tone. Reading led gains after a dividend declaration, while Lehigh Valley held its dividend and several favorites dropped 1 to 2 points. Copper sales boosted optimism abroad, but United States Steel stayed near steady. Total volume 129,100 shares. bonds uneven after early strength.
On March 17 at the New York Stock Exchange the day’s high and low prices are shown with rapid quotes and comparisons to the previous close. Key industrials, rails, and utilities move as traders react to market cues.
A broker announces a Special Market Letter on securities. They purchase stocks on conservative margin or via a Periodical Payment Plan and offer a list of dividend paying stocks yielding 10 to 30 percent upon request.
Boston market notes continued weakness in Boston Elevated with a two point drop to 85, while Utah Apex climbs past 3.00 and American Smelting leads lead price gains to 4.10 cents. South Lake ore tests loom as Adventure stockholders watch a possible drill plan near the adjacent property.
Boston March 17 The high low and last prices of securities traded on the Boston Stock Exchange are listed with comparisons to the previous close. The report outlines daily movement and market tone for investors monitoring Boston trading activity.
A roundup of today’s curb trading highlights Fortuna Champion Calumet Corbin Verde Extension Bohemia Mexican Metals and Profit Sharing are cited among the featured curb dealings with noted fluctuations and activity throughout the day.
March 17 Money Markets reports New Bedford Massachusetts borrowed 500000 dollars for eight months from Morgan and Bartlett at a 3.06 percent discount rate plus 1. The loan is due Now. 3 next.
The Post cites a Boston financial paper claiming Maxwell Motor Company will beat prior estimates with 1915 earnings near $3,000,000. Seven months to March 1 show $1,500,000 earnings. February exceeded $300,000 as output and sales double last year.
Directors levy an assessment of 10 cents per share payable April 24. Old South Trust reports resources surpassing 1,000,000 dollars. Naumkeag Copper notes collateral loans of 70,000 on Dec 31, 1914, with cash 7,441 and investments 116,386. Investments include 14,400 United Fruit 6 percent notes and 100,000 41 2 percent assessment bonds.
Hall Massachusetts sold $45,090 in serial bonds to Millett Roe and Hagan at 100 547 with Parker and Co also bidding. Gardener awarded a $60,000 temporary loan at 3 37 percent discount with weekly $10,000 repayments from Nov 3 to Dec 31 to Loring Tolman and Tupper. Other bidders included R L Day and Co Farmers Loan Trust and Bond and Goodwin. Weymouth will take bids until 10 am March 19 for a $50,000 temporary loan.
London March 17 The British government plans to take over England's factories for war material production announced by David Lloyd George at a labor leaders conference. Lawrence officials accelerate $250000 Oliver Grammar School project citing cheaper materials and abundant labor to save money and boost local jobs.
The chancellor urged faster production of munitions citing battles showing heavy artillery fire saved attackers. He said government will take over works, impose profit limits, and urge workers to relax unions to boost output and aid wartime victory.
The new school will occupy about an acre bounded by Haverhill and Oak streets facing the park. It will be first class fire proof with steel and concrete, housing 36 classrooms and an assembly hall gymnasium for drills indoor gymnastics and assemblies. Architect James E. Allen praises the Post Build Now campaign highlighting savings from skilled labor shortages and cheaper materials.
Plans revealed for a build now theatre at Hyde square with seating for 1200, three large stores and upper story offices. Architect is G Henri Desmond and cost is expected near $100,000 as part of a larger business lock in the area.
Potash in a cake of toilet soap may have permanently damaged the sight of Francis Goodwin of Waltham. After using tar soap yesterday he could not see. At the Boston Eye and Ear Infirmary doctors said restoration of sight was doubtful.
Leading metal prices show Lake copper at 14.8c for April deliveries, electrolytic 14.70 14.90c, and casting 141-8 143-8c. Calumet & Hecla above 15c. Spot spelter 95-8c., with March 93-8c., April 87-8c., May 5-8c., June 83-8c. East St. Louis spot 91-8c., March 9c., April 85-8c., May 83-8c., June 1-8c. Joplin zinc ore dull at $70. Lead near New York up to April at 4.10c., outsiders expected to advance. Straits tin nominal at 52c. Other quotes include antimony 8c Cooksons, 24c Halletts, 21 1/2 33 1/2c for Japanese/Chinese, aluminum 19c, nickel 42 45c, bismuth 2.75 3, cadmium 1.25 1.75, quicksilver 60 65c, platinum 41 44c. No. 1 northern iron Boston 15.50 16, No. 2 northern 15 15.50, No. 1 southern iron Birmingham 10 10.5, No. 2 9.5 10. An extra 4.35 on southern iron on docks Rostoh or Providence, plus 49 cents to 1 for teaming and freight. Coke at Connellsville $5 6.10 per ton fob Boston common points.
The Post notes Pa Van Loon is not gone but moved to a different page in the Sunday issue. The color cartoon remains part of the paper’s artistic lineup and shift in layout is highlighted by editors.
United States District Attorney George W. Anderson announced that new bills for reorganizing the Boston and Maine railroad will be presented simultaneously to the legislatures of Massachusetts Maine and New Hampshire by the state public service commissions. The move aims for uniform legislation across the three states.
After an all day conference of Public Service Commissions from three states, Mr Anderson said a tentative bill’s contentious points are agreed and work will finalize details quickly. The measure to be submitted to legislatures today may offer alternate road reorganization paths via Boston & Maine or a new company, with no stock beyond the present company and affiliates.
The Boston Chamber of Commerce gratuity fund shows a $393 000 deficit. A special committee report to 300 members reveals reserves of $155 000 against required $548 000 to cover late members. If wound up, participants would receive about 22 percent, with long-time contributors getting far less than their payments.
The upcoming Sunday Post previews Dolly Dip and the Lulu Fade performances. Readers can expect dance showcases featuring noted artists, with schedules and venue details to be announced.
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