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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 25, 1917
Page
22
Steel stocks headline gains with Bethlehem Steel Crucible and Republic rising more than three points. Reading Active and Strong. Copper stocks show only small movement. local market lags behind overall strength.
Yesterday's market totals show New York at 1 111 500 shares and Boston at 22 248, with Steel the busiest issue in New York at 376 200 and Davis Daly leading in Boston at 2440. Year to date totals reach 82 356 500 shares in New York and 3 063 006 shares in Boston, against last year’s 71 564 971 and 5 351 761 shares respectively. Notable gains include Steel in New York rising 354 to 13134 and Calumet & Hecla in Boston up 4 to 549, while notable losses include D. L. & W. in New York down 5 to 210 and Nipe Bay in Boston down 6 to 135.
New York markets show United States Steel climbing to 1311-2 for a new high, up 33-4 and capturing about 33 percent of the day’s total 1,115,000 shares. Gains spread to standard rails and metals, with mixed results among motors and utilities. public interest rises as commission houses note increased inquiries and short interest weighs on steel.
Government appeal urges citizens to support the war effort by purchasing war bonds. Buyers may invest $50, $100, $500, or $1000 with the promise of securing the same rate as later issues. Inquiries at government offices or banks for full details.
Eleven hundred seventy three shares of the Haverhill Electric Company stock not subscribed for by stockholders will be offered for note by auction. Auction at the Real Estate Exchange and Auction Board Boston on Thursday May 1 1917 at 1130 A M by order of the Board of Directors. Elihu A Bradley treasurer.
Boston trading closed with mixed fractional gains and losses while New York stocks rose. New Haven weakened with a 3 point loss, Ventura reported earnings of 281 220 and oil output rose to 567 989 barrels, yet local copper issues stayed mostly flat. Traders see potential for a rally if Anaconda and other big board copper issues improve.
Boston May 24 stock report lists high low and cheap quotations for bonds with net changes from the previous close. The brief summary notes market movement and price ranges among listed bond issues in today’s session.
Steel common rose to a new all time peak around 131/2 on heavy volume with 9500 shares traded at 130. The market praised steel names like Crucible and Bethlehem while copper stocks lagged. New Haven slid to a fresh low around 32 56 8 as a 7 percent cumulative preferred issue was proposed.
United Western Oil Company negotiates for a California property in the Ventura field near Doheny holdings, home to two producing wells. Arthur W. Burke of Aetna Accident & Liability reports a telegram noting affiliates of Aetna Life Insurance commit 1.5 million dollars. Fidelity Trust declares quarterly 1 12 percent dividend to shareholders of record June 1 and a matching employee bonus at the same rate.
May 24 money market report shows brokers and customers loans with varying percentages. Notes indicate call loans, commercial loans, year money, and silver in New York. Federal Reserve Bank details for paper maturing within 15 days and rediscount eligibility.
New York May 24 United States government bonds show varied activity with yields inching higher on Treasury notes and investors awaiting economic data. Market participants expect potential shifts in policy as inflation readings loom.
More than 2000 people attended flag raisings at the Oak Square and Allston car stations of the Boston Elevated yesterday. John A. Smith led the event with uniformed staff, while the Ninth Regiment Band performed. Addresses were given by Mayor Curley, Elevated President Brush, and State Senator Herbert A. Wilson. Prayers were offered by Reverend William McNamara and Reverend H. P. Whitelock. Miss Marlon Belle Evans gave a reading on the history of the ag.
Captain Delange, commanding the American Escadrille, was killed near Ham on the Somme front while attacking a German in a special climbing aircraft. The machine stalled after reaching height, plunging to the ground and crushing him. Major Mitchell and embassy representatives will attend the funeral tomorrow.
Mayor Haines of Medford ordered Chief Welch that no news should be given to newspapers at the police station. He blamed a recent misrepresentation and said only select reporters may receive information as before.
May 25 entries report war time dating and tides, latest cargo arrivals from the South Boston fish pier, including 27 000 pounds of tilefish and 86 000 pounds of scrod from trawlers and steamer fares. Bananas from Tela Honduras arrive. Itasca runs aground near Bermuda while coal laden bound for Bermuda lies ashore with possible total loss if storms rise. The Landsman.
The joint committee on ways and means voted to appropriate another million dollars for Governor McCall's war chest. Including $250,000 for National Guard, total state wartime funds reach $2,250,000 since U.S. entry into the war.
The Public Safety Committee urged a $3,000,000 increase for wartime needs. Endicott and Longley told the joint Ways and Means Committee that only about $50,000 of the initial $1,000,000 has been spent, with $800,000 either spent or set aside. They warned of unknown emergencies before the next Legislature and urged a large reserve. The committee recommended authorizing $1,000,000 for emergency war purposes to be funded by bonds, marking a step toward future generations bearing war costs.
The Boston Teachers' Club wins permission from the School Board to stage a Liberty Loan rally in the English High School hall. A date will be set after speakers are arranged. The board also accepts a $25,000 bequest from P. F. Degrand to buy amusing picture books for infant schools. Joseph Lomasney notes loan funds limit redeveloping school yards for recreation.
Ottawa May 24 An order in council makes it illegal for any male aged 18 to 45 ordinarily resident in Canada to leave the country without written permission, effective tomorrow, with heavy penalties for evasion of military service.
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