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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 27, 1917
Page
16
Several issues posted gains as markets opened with a firm tone. U S Steel reached a new high for this movement while local stocks showed uneven performance and several specialties remained strong.
Total sales and most active issues for New York and Boston through January to date. New York shows National Biscuit up 8 to 90 and St Louis Southwestern down 41 2 to 241 2 in the list. Boston notes Calumet & Hecla gaining 5 to 430 and Pullman down 2 to 125.
Stock market shows cautious rise on moderate volume with war shares leading gains. Rail equities stumble on pooling concerns while United States Steel climbs near its monthly high and bonds firm up as Liberty issues stay active. Total volume around 450000 shares, par value $3435000.
Trading on the local market yesterday showed little notable activity with minor fraction changes. Steel stocks in New York offered limited uplift as Anaconda and Utah Copper failed to rise, while Telephones and General Electric weakness dampened sentiment. United Fruit yielded only a fractional gain despite earnings reports.
Grain markets opened with fractional gains then turned dull as traders shifted to special issues. United States Steel rose to a new high near 99 1 8 while United Cigar Stores, Tobacco Products, and Mexican Petroleum also advanced. News on war taxes, railroad pooling, and bond issues weighed on earnings outlooks, with Massachusetts Electric and General Electric financing plans dominating investor attention.
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