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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 16, 1915
Page
14
A fragment lists International Mercantile Marine Co. with Secretary at 64 Wall Street New York City. It names Joline Warkin Rathbone Loucks Alexander counsel James N. Wallace chairman and several committee members including Wir Klíuigen and Harry Bronner Frederick W. Scott Charles H. Sabin.
In New York trading on November 15, a leading local selling agent raised electrolytic price from 18 1 2 cents to 1 3 4 cents per pound. Other firms are expected to follow. Demand for metal remains strong with scarce 1916 delivery. Spelter stays firm despite a London price drop. American Smelting & Refining Co lifts lead to 51 4 cents, with other firms matching.
New Orleans and Liverpool reporting mixed cotton futures with December to May contracts showing small gains and declines. Spot cotton held at 11.90, while Liverpool prices edged up with occasional volatility and overall soft finish as 10,000 bales traded.
Report of copper stock activity shows New York total sales 793000 and 152278100 year to date with Boston at 80335 and 10442870. Inter Mercantile Marine preference issue leads gains in New York, while Inter Nickel et al suffers the largest loss. Calumet & Hecla advances in Boston and Ahmeek declines.
A volatile session saw declines and rallies as rumors of another European war disaster influenced trading. Copper led gains with refined metal at 18 3 4 cents a pound. Anaconda and Utah hit new highs while United States Steel and Bethlehem Steel sagged. Total sales 795,000 shares as London remote offerings persisted.
The Boston market shows strong metal demand with rail and industrials steady in New York. Copper sits near 18 3/8 cents, zinc at 17, lead around 5.25, and traders eye Américan Zinc and Butte & Superior as Shattuck-Arizona moves high on ore finds and potential $4 annual dividend. Oil shares rebound with Ventura Oil leading the boom.
Boston stock trades on November fifteen show highs and lows with quick price moves and a comparison to the prior close. Market activity across listed securities is summarized with notable shifts and turnover.
The Utah Copper Company stock reached a fresh all time high yesterday while Anaconda maintained leadership with a top price of 89 3 4. Trading showed Anaconda at 75,000 shares to Utah Copper’s 27,000 amid expectations of dividend changes and cost reductions from new ore treatment methods.
The report details current money market rates with call loans at 8 percent for brokers and 4 to 6 percent for collateral loans. It covers commercial paper at 8 to 4 percent, year money at about 4 to 6 percent, and detailed exchanges and balances at Clearing House and Sub-Treasury. It notes steady foreign exchange with rates for cables and currencies, mentions Anaconda and Nipissing mining figures, and outlines Remington Typewriter financing plans and a stockholders meeting for new bond issues.
A wire from the Arizona Copper Company states the loss from the burning of Nos. 2 and 3 mills will not exceed $100,000, compared with $1,000 previously.
The piece notes several months of rising earnings for U.S. railroads and warns that weak roads faced solvency issues or reorganization. It suggests a forthcoming special article on the financial page evaluating whether these lines will regain dividend paying status as times improve.
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