Market pauses as professionals lead pre-holiday trading
Trading is light as the market awaits Washington’s upcoming presidential message to Congress. Officials expect focus on domestic issues including public lands conservation and rail policy, with war developments shaping sentiment. Prices rise slightly on news of Italian victory while Russia’s crisis tempers optimism.
MENTIONED IN THIS ARTICLE
Thesident
Congress
Washington
Wilson
Reichstag
Russia
Stock Market Roundup Signals Mixed Trading Ahead
Transactions showed small volume with total sales just over 400000 shares and broad losses. Studebaker gained amid heavy activity tied to rumored strong pools, while Edison Electric issued 3 million dollars in two year notes to shore up financing through mid 1919. Southern Pacific reported growing gross and net earnings for ten months, and New York Air Brake re entered the munitions business with orders exceeding 50 million dollars. Pierce Oil Corporation and Pierce Fordyce Oil Association posted 2225000 dollars in net profits, about 9 percent higher than 1916.
MENTIONED IN THIS ARTICLE
Studebaker
Edison Electric
Southern Pacific
Union Pacific
Atchison
Ita
New York Air Brake
Pierce Oil Corporation
Pierce- Fordyce Oil Association
Pre Holiday Market Slightly Lower Reports
The market summary shows lower pre holiday trading with New York total sales at 416 500 shares and Boston at 6504 shares. In New York the most active issue was Steel at 77 500 shares and in Boston Steel at 2 493 shares. For the year to date Jan 1 1917 New York total sales reach 216 806 246 shares while Boston totals 5 798 780 shares. Compared with last year New York tallies were 195 949 757 and Boston 11 659 616 shares. Leading gain in New York Pittsburg Coal pref rose 9 to 89. greatest loss South Porto Rico Sugar dropped 10 to 145. In Boston Calumet & Hecla gained 10 to 430 while East Boston Land fell 2½ to 5.
MENTIONED IN THIS ARTICLE
New York
Boston
Boston—Steel
Pittsburg Coal
Porto Rico Sugar
Calumet & Hecla
Boston Land
New York Market Faces Holiday Pressure and Regulated Trading
In New York trading, holiday demand and strict stock exchange rules reduce activity. Amid mixed abroad news, rails stay heavy, high grade issues slip, and motors show gains yet close weak. United States Steel ends down, bonds fluctuate with 3.3 million par value sold. total trades 415,000 shares.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Italy
Rome
Denmark
Pennsylvania
Baltimore & Ohio
United States Steel
United States
Boston Stocks High Low and Closing Quotes
Boston stock summary lists today’s high and low quotations with the closing price and net changes from the previous session. Market activity shows notable shifts across several leading issues in the city’s trading pages.
MENTIONED IN THIS ARTICLE
Boston
Friend of Mayor Linked to Hidden 10000 Funds
The fifth Boston Finance Commission report reveals a mysterious $10,000 in the city bonding and insurance matter. It states witnesses concealed close associates of the Mayor and shows that money from two large city contractors passed to Francis L. Daly, the Mayor’s intimate friend and former partner, with no clear accounting.
MENTIONED IN THIS ARTICLE
Boston Finance Commission
Francis L. Daly
Unaccounted $10,000 in Oakmount Land Company Probe
The commission notes 10 000 invested by two brothers in law in Oakmount Land Company. It cannot be traced in bank records or books. Edwin P. Fitzgerald received the money on Oct 1 1915 and paid Francis L. Daly, who deposited it. Daly later drew four checks, all unproduced or destroyed. Daly could not explain the funds final disposition amid political campaign speculation.
MENTIONED IN THIS ARTICLE
Oakmount Land Company
Edwin P. Fitzgerald
Francis L. Daly
Fidelity Trust Company
Francis I. Daly
Quinn Strikes at Rockwood in Cambridge Mayoral Rally
Edward W. Quinn candidate for Mayor of Cambridge accuses Mayor Rockwood of joy riding at city expense and selling property under value. He says Rockwood violated campaign promises and shows inefficiency wastefulness and partisanship. He spoke at Central Square and other Cambridge locations.
MENTIONED IN THIS ARTICLE
Central Square
Cambridge
East Cambridge
Edward W. Quinn
Rockwood
Gilbert A. A. Pevey
Albert V. Clark
Money Markets Report Late November Exchange Rates
In the local money markets on November 28 lire showed gains but later reacted. Afternoon rates for bankers trades included Sterling at 4.76716, demand 4.75174. lire at 8.30. roubles at 13.40. Swiss checks at 4.35.
Doctor urges Peters to withdraw from Boston mayor race
Dr. Charles Fleischer delivers a letter urging Andrew J. Peters to retire and back Congressman Gallivan. Fleischer, a Boston Republican, argues Gallivan is better suited and will win against eight years of Curley, predicting Gallivan could secure a majority of Republican votes.
MENTIONED IN THIS ARTICLE
Charles Fleischer
Andrew J. Peters
Pemberton Building
Boston
Mass
Mr. Peters
Gallivan
Curley
West
Hughes
City Hall
Dartmouth Estreet
Washington Bars Dr Muck From Entertaining War Ration
Attorney General Gregory refused to relax wartime rules allowing enemy aliens in. He barred 22 members of the Boston Symphony Orchestra from performing in Washington and signaled similar actions may follow in other musical and theatrical groups.
MENTIONED IN THIS ARTICLE
Washington
Gregory
Boston Symphony Orchestra
Wilson
District of Columbia
Socialist Candidate for Mayor Fails to Qualify in Boston
Socialist candidate James Oneal failed to file enough nominating signatures to appear on the Boston mayoral ballot and will run via a sticker campaign. Senator Hormel filed a protest over Howland papers while officials delay review until voter registration ends. other Socialist candidates also face potential sticker decisions.
MENTIONED IN THIS ARTICLE
James Oneal
Herman Hormel
Republican City Committee
Frank B. Howland
Boston
Oneal
McDonald
Henderson
Council
George W. Galvin
Eva Hofflman
Hormel
Howland
Thomas J. Kenny
Curley
Renee
Sant
Brookline Selectman Hosts Dinner for 150 Families
Ernest B. Dane, Brookline Board of Selectmen member, and Mrs. Dane hosted a dinner for 150 Brookline families yesterday. The event highlights a prominent local family’s community support in Brookline.
MENTIONED IN THIS ARTICLE
Brookline
Ernest B. Dane
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United States of America
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Thomas
C. L. Glass & Company
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Court St
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