Stocks Higher on Industrials as Rails Lag
Market report shows broad industrial gains lifting indices while railroad shares lag. Canadian Pacific stands out with notable strength as local issues push a broad list higher.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 08, 1917
Page
12
Market activity highlights from yesterday in New York and Boston
The report lists total sales in New York 463,700 shares and Boston 9,811 shares. Gulf States Steel led gains in New York rising to 121, Calumet & Hecla advanced in Boston to 544 while Edison Elec slipped to 190.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Utah Metal
Gulf States Steel
Union Bag & Paper, New
Calumet & Hecla
Edison Elec
New York Market Sees Partial Readjustment After Liquidation Pause
The New York market steadied after a brief halt in liquidating moves, with rails and other securities rebounding. Copper, oils, and motors rose on favorable trade reports and looming rate hearings, while United States Steel held strength and rail stocks led the early gains before profit taking trimmed some gains.
MENTIONED IN THIS ARTICLE
New York
Interstate Commerce Commission
Bethlehem Steel
Crucible
Tackawanna Steels
Republic Iron
Colorado
Great Northern
United States Steel
Pacifics
New York Central
St. Paul
Louisville & Nashville
Third Avenue
New York Stock Quotations May 7
New York market update lists the day’s high low and closing prices across stocks. Net changes from the previous close are provided for each issue reflecting session activity in trading on May 7.
MENTIONED IN THIS ARTICLE
New York
Boston Stocks Rise and Fall on May Trading Amid Changes
Boston markets report mixed moves with today’s high and low quotes recorded. Net changes from the previous session show gains and losses across key issues as traders adjust positions.
Boston Market Sluggish Trading Highlights Copper Zinc Outlook
Local market activity was dull with few transactions as big market readjustments continued. Copper prices rose to 29 to 81 cents per pound amid cheer about rising sales, while zinc offers to the government at 9 to 11 1 2 cents suggested higher general prices. Traction stocks, led by Brooklyn Rapid Transit, faced declines tied to New York market weakness, with Boston Elevated near a record low and dividend margins tightening versus industrials earning 60 to 75 percent.
MENTIONED IN THIS ARTICLE
Lght
New York
Brooklyn Rapid Transit
Boston Elevated
Commerce Commission
United States
Germany
Pennsylvania
New York Central
Baltimore & Ohio
New Haven
Erie
Lading
Council of National Defence
Market recovers after initial gains led by railroads and steel
Stocks opened higher with leaders up about a point and again rallying to near day’s best as reports of anti U boat devices and Russian stabilization buoy sentiment. Railroads and motors gained while traction shares remained under pressure. Illinois Central posted a strong year while zinc prices and East Boston Company results drew investor attention.
MENTIONED IN THIS ARTICLE
Bears
Interstate Commercce Commission
Russia
New York
Governor urges bill to issue preferred stock for New Haven debt
Governor McCall sent to the Legislature a measure to authorize preferred stock to fund the New Haven railroad floating debt of 45 million dollars and pay dividends from net income. The plan, backed by the Public Service Commission, would let the railroad fund improvements and avoid annual short-term note refinancing and potential receivership. The bill would require Public Service Commission approval for any stock issue.
MENTIONED IN THIS ARTICLE
McCall
New Haven
Public Service Commission
Connecticut
Wreck of Elma Leaves One Crewman Dead
Captain August Johnson of Brooklyn and five crew members survived after the British schooner Elma ran aground on rocks near Green Island during a northeasterly gale. Cook Daniel McLeod of Prince Edward Island was killed attempting to reach shore. mate William Curley of Philadelphia was badly hurt and hospitalized. The vessel carried 600 tons of coal from New York to Halifax and wrecked at 3 o clock Sunday morning while seeking shelter near Boston Light.
MENTIONED IN THIS ARTICLE
August Johnson
Brooklyn
Elma
Long Wharf
Green Island
Boston
Daniel McLeod
Prince Edward Island
Cook
William Curley
Philadelphia
New York
Halifax
N.S
Johnson
Navy Abroad Guides Allied Naval Policy Talks
Washington reports say naval cooperation with Allies against Germany is being negotiated largely in London. Rear Admiral Sims, en route to England, leads American policy discussions from Paris talks, with no firm naval policy announced beyond patrolling American waters to relieve Allied ships.
MENTIONED IN THIS ARTICLE
Washington
United States
Germany
London
Sims
England
Paris
Woman Charged With Murder Granted Bail in Massachusetts
Mrs Olympia Squillaciot, accused of shooting her husband in their room last Tuesday morning, was admitted to bail of $2,000 after waiving examination before Judge Murray at Central Court. Her counsel are Daniel H Coakley and Dr Joseph Santosuosso.
MENTIONED IN THIS ARTICLE
Massachusetts
Olympia Squillaciot
Murray
Daniel H. Coakley
Joseph Santosuosso
Money Market Rates and Federal Reserve Details
May 1 current prices show call loans at 4 1/4 to 4 1/2 percent with outside calls at 4 1/2. Commercial loans for individuals and collateral loans hover around 5 to 6 percent. Commercial paper stands at 5 1/2 to 5 3/4 percent, with year money at 5 percent. Silver and several currencies listed with various bid levels. Fed rules describe rediscount and purchase eligibility for short term paper.
MENTIONED IN THIS ARTICLE
Bar Ailver
New York
Federal Reserve Bank
Bond Market Snapshot From U S Government Bonds
The report shows total sales of 2.908 million dollars with inst sales at 2.145 million for Saturday, compared with 3.009 million a week earlier and 828 thousand a year ago. From January 1 to date, sales total 397.074 million, versus 378.425 million last year and 304.019 million two years ago.
Tax on Liquor Raised in War Revenue Bill
Washington May 7 In an extended session the house ways and means committee wrote new and drastic liquor and inheritance taxes in the war revenue bill but adjourned still in disagreement over many sections and about $200,000,000 short of the $1,800,100,000 it has voted to raise.
MENTIONED IN THIS ARTICLE
Washington
House Ways and Means
Lawmakers Eye Last Minute Tax Revisions Plan
Leaders aim to pass the measure and a retroactive income tax amendment yielding 140 million for the coming year. House members plan to push changes to the Senate finance committee as hearings begin. Whiskey taxes rise to 2.20 per gallon and beer 2.75 per barrel. Exempt liquor drops to 60 gallons. These moves reportedly add nearly 50 million in revenue.
MENTIONED IN THIS ARTICLE
House
Ways and Means Committee
Senate Finance Committee
Senate
Committee
Kidnap Charge Sparks $5000 Damages Suit in Superior Court
A mother accused of kidnapping sues Ciriaco and Philomena Lo Conte of Jamaica Plain in the Superior Court. The $5000 damages claim by Lucia Impara alleges malicious prosecution over a 1916 West Roxbury kidnapping case.
MENTIONED IN THIS ARTICLE
Lucia Impala
Ciriaco Lo Conte
Philomena Lo Conte
Jerry” Condi
Jamaica Plain
Dana
Impara
Lo Conte
West Roxbury
Antonio Condi
Nicola Impara
Philippe
Lo Contes
Nicola
Dynamite Shed Burned in Clinton Fire
State police investigated a Clinton fire that destroyed a small shack storing 200 pounds of dynamite. Owner Eugene O. Pratt suspects an explosion occurred before the blaze, noting a filed padlock, a file fragment nearby, and missing detonating caps from an adjacent building. The cause remains unknown.
MENTIONED IN THIS ARTICLE
Clinton
Eugene O. Pratt
Machine Guns in Congress Exhibit Sparks Army Rifle Debate
In Washington on May 7 four machine guns and other weapons were displayed beside a speech by Rep. Tilson of Connecticut. He urged arming the U S war army with the British rifle and rechambering Enfield for American ammunition, arguing production of Springfield rifles would be too slow.
MENTIONED IN THIS ARTICLE
Washington
Representative Tilson
Connecticut
National Guard
House Military Committee
United States
Tilson
Girl given suspended sentence for cocaine possession
Loretta Levin testified she bought a tiny amount of cocaine from Taeenh Marie of Howard Street who used the alias Harry Connors and was a known drug vendor. Marie was yesterday sentenced in Central Court to four years.
MENTIONED IN THIS ARTICLE
Loretta Levin
Taeenh Marie
Howard Street
Central Court
Harry Connors
Also Mentioned on This Page
National Tungsten & Silver CO
Georgetown
Windy Gap
Anaconda
Montana
Charles Hardy
Te Atolia Mining Company
Tungsten Securities Corporation
Ames
Mass
Howe Sound
Canada
Tesw
Exchange Place
National Shipbuilding Company
Seattle
Puget Sound
Treasury
R. & Bickford
Oston
Bann Pincraw Casnamannes
State of
Connecticut Power Company
Bncoms
Pione & Webster
Arouta
New York Market
Alaska
Atchison
Atchison Pf
B & O Pf
Beth Steel
Th Steel
Cheer& Ohio
CM & St
CM & Bt P Pf
Col & Iron
Col Gas & Eleoit
Gen Motors Weetee
Gen Motors P
Goodrich
Granby C
Illinois Central
Har Corp
Lehigh Valle
Long Island Cts
Louis & Nash
Boston Stocks
Marine
Miami Copper
Midvale Steel
Texas
Mo Pacific Wi
Explosives Seneeee Am Inter
Ities Gas
Carwen Ype ‘Ool Steer Ll Ao dl
Pan-Am
Curtiss Aero
Penn Saegeeneenee
Emerson
Emerson Phonographeresewenee Th 600 Pere Motis
Pere Otis
Geotub É Cable
Onamer Pulpeeenese
Pitts Coal
Btandard Motors Neeeertees
Pitts & W Va
Pitts & WV
Ceuee
Prs Steel Car
Sas
St. Joe Superior Steel
Pullman Co
Trianle Film
Icksilver M. Unite Motors
Light & Net
Sinclair Oil
Elk Basin
Union Pac Ps
Oklahoma O & G
Gm Papas & BO
Annees
Oklah
Ae Sinclair Gulf
Care
Ictoria
West State
Pete Ehewwane
Peewee
Ave
Dundee
Arizona
Emma_ Consoli wees
Green Monster
Hollinger
Hudson Bay
Howe Seamen
Iron Blossom
Jerome Verde
Iso
Mene Kerrere
Eeeereneerere
Santa Rita
United Eastern Gold
United Magma
Thebewee
G& Ie
Industrials
Act
Bay State
Bay State Film Co
High St
Mt Flat
Boston Elev
Boston & Maine
Butte & Ballak
Butte & Sup
Cal & Arixon
Cal Atone Aeeeee
Conn River
Copper Range
Davis Y Anne Px
East Butteweer
Edison Electric
Fitchburg
Gen Electric
New Arcadian
NFB Cotton
Netel & Tel
North Butte
North Lake
Dominion
Ee Neuen
Pacific Mills
Plant & Co Ae
Tedewes
Punta Alegre
Reece
Hole
J. Mary's M Ld
Shannon
United Shoe
Utah
West End
Orne
Boston & Et Orbin
Boston Electro
Boston & Mont
Butte & London
Calumet & Aes
Nixon Nevada
East Boston Co. Annual Report
East Boston Company
Martin
Weeks
U. S. Navy
Money Markets
Uae
Eeceens
York
Ann Arbor
Ieee
Union Pac
Bae
Stock Exchange
Eas Foesige
PeiOen
Pacific
Saint
Cen
Tiiveus Beeees O. Desea
Ches & O
Eesees
Gas&e L
Power Ool
NYNH
Heevt
Chea & O
YNH
Heart
Ches & O Gnl
A &Q
City
Bordeaux
Mil&stp
Gnl
Lyons
Mil & St
Marseilles
Telept
Seepee . Vo
Mil & St P
North Pacific
Tetene
Dubos di
Tokyo
Chicago
Dom
CRI& P
Gni
Cri&p
Reading Gas
Teteee Republic I
Cumberland T
Brittne I
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Seenee den & R G
L&sf
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Gt Braeeeee Bandses & I 5S 1 Seeene 66, Peeeee Teeeee Eens 28 Aeae
Erie Ist
Serene Erie Gollien “S Fine Oe
Vesaee Erie
Coens
Esos
Gt Brit
Perese U . of Mexico
Nyc
Eteaee
Southern Ry
Texas & P
Adams
Alaska Gold
Texas & Pao 2d
Mir Av
L&weat
Balt & O
Issu Steeee
Balt & O Pl
Weess
Pitts
Pwr
Virginian Ry
Beth Steel Rig
West Electric
Chad St
Y&pa
Air Bike Risseau Bassi
Calia
West Union
Shore
Tabaee Llitine 100 Seaton 1054 Wilson & Ve Ge Veteee Oo Gvey Serise N
Mn Pacific Ad
Salem Taseses Na
High Point
Aroans
Low Point
Atee Oy
Congress
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