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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 01, 1917
Page
16
New York stocks show mixed activity as of October 31 with various indices posting gains and losses. The report lists daily high, low, closing prices and net changes from the previous close for the session.
An assortment of display ads and notices includes used car bargains from J Edward Gallagher offering touring cars and trucks, plus listings for Ford and Maxwell vehicles, a Dodge touring sale, and related auto services. Also advertised are motor-related trades, farm produce, and local notices with contact details.
Stocks shed values with losses reaching three points as steel prices fall below par and the market shows a weak recovery from the day’s lows. Local listings reflect broad declines across sectors and names.
Total sales in New York and Boston listed with per city totals and most active issues. Jan 1 1917 to date figures show New York leading in volume with Rumely pref rising, Cuban American Sugar dropping, while Boston highlights Boston Elevated and Calumet and Hecla movements.
A severe liquidation swept New York stocks with prices at multi year lows amid fears over the Italian crisis and neutral European reactions. United States Steel led declines, closing down 2 points despite late recoveries in rails and shipping. Bond issues fell, but Liberty 48 held at par as total sales reached 4.75 million dollars.
Atlantic Gulf and Boston Elevated posted gains on the local exchange while most listings fell. Calumet & Hecla dropped 30 points to 480 after Osceola’s dividend cut, and lead prices remained weak with copper stocks at yearly lows. Massachusetts Electric sank to 14 in a new low, prompting trustees to debate service costs and legal advisers. Utah Metal fell to 21 1 2 as dividends fade, with lead at 6 12 cents. Hendee Manufacturing showed 3.8 percent common stock earnings for year ended Aug 31 1917, but 1916 charges hurt expectations despite higher net earnings.
Boston stock report lists today’s high and low quotations along with the closing figures and net changes from the previous session. The item presents a snapshot of market activity in Boston with figures likely from local exchange listings.
The publication outlines subjects including oil market comments from Pennsylvania and Kentucky, Atlantic Refining stock bonuses, Illinois Central tobacco products, Midvale Steel, United Motors auto accessories, a strong submarine boat outlook, current dividends, and the Premier Investment Plan for 18-V investors.
The September quarter steel report shows excess profits taxes nearly consuming half of United States Steel's net earnings, triggering a broad market decline. Heavy trading followed as investors weighed possible minimum price restrictions and the impact of priority war orders on nonessential industries.
James D. Brennan named vice president at the First National Bank. William F. Benkiser and Arthur M. Horne are appointed assistant cashieres with prior foreign department experience and trust department work noted. Brennan brings Boston bank and state examiner background.
A 1914 Mercer Touring Model M 85 with S pass touring, famous T head motor, recently overhauled at Mercer shop. Starter and lights, new paint, Spanish leather upholstery, and inspection welcome. Sold by J Edward Galleria ville, Winter Hill with phone 52707.
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