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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 02, 1916
Page
16
The readable fragments show a partial reference to an event or statement but lack identifiable people dates or actions. No coherent details emerge to confirm a specific incident outcome or involved organizations.
Yesterday in New York total sales reached 908 205 shares and Boston 49 268 shares. Mercantile Marine pref led New York with 124 500 shares and U S Smelting led Boston with 7 240 shares. From Jan 1 1916 to date New York sold 57 692 967 shares and Boston 4 479 301. year earlier New York 38 916 300 and Boston 3 982 652. Major moves include General Motors up 21 to 426 in New York, N Y C and St L pref down 512 to 79, Calumet & Hecla up 7 to 557 in Boston, and Rutland pref down 2 to 20.
New York May 1 Today's market rose amid adverse weekend developments including labor disturbances and British East defeats. Marine shares led gains with 230 000 traded. Marine preferred 98 and common 291 1/2. Other shipping and reorganized war shares advanced. rails rose late on anthracite settlement hopes. Total 920 000 shares. bonds steady as Panama 3s moved lower.
New York May 1 Following are presented the high low and fast prices at the New York Stock Exchange and comparison with previous closi]
The Boston list shows mixed price moves with Atlantic Gulf advancing to new highs on strong earnings and sympathy with Mercantile Marine. United Fruit and Copper Range rise amid dividend rumors. Torrington hits a new high and United Shoe is pushed higher on expected extra dividends. Zinc and silver stocks rally as Butte & Superior could see revenue gains from higher silver prices. Bonds convert steadily, hinting debt elimination and equity remains in stock.
The May 1 bond market report shows Mercantile Marine 43s leading buying activity, with notable strength in Distillers 5s and a rebound in United Railroads of San Francisco 45. Government issues including Am Ag Chae 1 AdlC L Iste 4 Auer Balt 4 are listed among securities.
Ledger of prices shows muted activity across major funds and banks as traders await key economic data. Analysts note modest gains for several firms including regional lenders and manufacturing groups.
Investors await Germany's submarine reply as markets stay buoyant after a seven day rise. International Mercantile Marine and American International Corp shares hit records while war stocks like Crucible Steel and United States Steel bounce then retreat. General Motors reports eight month earnings and nickel company dividends rise. Hercules Powder shows dramatic first quarter gains, while April trading softens with mixed sector movements.
The Newton city government last night granted a season license to the Norumbega Park Amusement Company on the condition that the planned roller coaster be removed. The action allows park operations without a roller coaster for the current season.
May 1 quotation summaries show brokers call loans at 3 percent outside calls 3 percent commercial loans 3 45 to 6 percent and 4 to 6 percent for collateral loans. Agricultural and commercial paper ranges 3 to 4 percent 9 to 180 days. Exchange totals list New York balances 21,487,552 Sub-Treasury credits 1,514,002 and net foreign exchange figures with sterling at 4.76 4.77 dollars for cables and demand. francs around 4.92 and marks firm.
The Viline Trust Company, which yesterday sued, is ours and on opening day deposits exceeded $250,000. Banking rooms were crowded with businessmen offering congratulations and many flowers signaled the officers high regard. The trust company serves the North End with directors and officers tied to local interests.
In a terse notice a person named M. J. Hart states personal matters regarding marriage, finances, and responsibility for bills. The message is directed to or from a state contact, with little additional detail or context.
The Norfolk and Western declared an increased and an extra dividend last week, seen as a major bullish signal for railroad stocks after a decade of rare extra payouts. Record earnings suggest possibilities beyond one company, with a detailed analysis to follow in tomorrow's Boston Post financial page.
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