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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 20, 1916
Page
20
Boston stock figures list today’s high, low, and closing quotations with last sales from yesterday. Market activity across the exchange reflects gains and declines in key issues as of Oct 19.
Total sales in New York 1 365 760 shares and Boston 48 988. Most active New York issue Steel 272 400 shares. Boston active Atlantic Gulf 8705 shares. Year to date totals Jan 1 1916 New York 149 851 272 shares and Boston 9 381 894 shares. Compared with last year New York 130 738 400 and Boston 9 143 102. Notable gains Liggett & Myers New York 10 to 300 and Calumet & Hecla Boston 10 to 580. Notable losses American Hide and Leather pref 274 to 74 percent and Vermont & Massachusetts 2 to 109.
Prices fell late as London cables reported a British transatlantic liner lost to a mine in the English Channel. Forenoon gains gave way to a broad retreat with rail and shipping issues among the leaders, while General Electric and United States Steel posted notable advances before broad liquidation. Total volume around 1.34 million shares with $7.98 million in par value bonds traded.
Atlantic Gulf climbs to a new high near 993-8 while New York prices pull back before closing around 97 3-4. Massachusetts jumps to 90 on hopes of higher profits from a subsidiary making explosive bases. Coal stocks Island Creek and Pond Creek gain on strong coal prices. Swift & Company rights trade widens. stock recovers after cash dividend impact.
Market snippet lists Cosden & Co and Sinclair Oil with varied share figures and percentages. Names Cosden OG and Sinclair Oil appear with bid and yield figures, alongside stock counts and prices in a compact listing.
Current quotations show call loans at 3 to 34 per cent for brokers and outside brokers. Commercial loans range 4 to 6 per cent and collateral loans 4 to 6 per cent. New York silver price quoted at 8734 per ounce. Afternoon bank rates show sterling 4.7676, francs 5.84, marks 7.029, guilders 41, lire 6.49193, rubles 0.31.
The Princess Motor Car Corporation organized under Delaware law shows authorized capital of 1,000,000 shares at 81.00 par value with all common stock fully paid and non-assessable. Officers include O. C. White as President, I. N. White as Vice President and Treasurer, and F. W. Barbee as Secretary, with directors O. C. White and I. N. White actively guiding the company.
Dozens of firms profit from early investors with large returns from modest sums. Detroit based Princess Motor Car Corporation seeks investors for profit sharing. Capital secured, factory active, production underway with cars being manufactured.
The factory at 1305 Bellevue Avenue in Detroit Michigan, the old Saxon plant, has been leased by Princess Corporation for ten years on favorable terms. The plant can produce seventy cars per day.
The Princess Motor Car Corporation touts its 1917 model priced at 8775 fully equipped with high end features. VP I N White and engineer Thornewill bring European methods from Rolls Royce to boost production to 2000 cars yearly, aiming for 30000 annual output and strong earnings from Treasury stock sales.
Detailed specifications outline a four cycle four cylinder engine with a 334 cubic inch displacement, 22 to 27.7 HP ratings at varying RPMs, silent chain drives, force-feed oiling, and a three-speed transmission. It lists crank, valve, clutch, ignition, carburetor, axle, brakes, wheels, tires, steering, fuel system, frame, upholstery, color options, standard equipment, weight, and price of 775 dollars FOB Detroit with agency inquiries.
While PRINCESS cars move through major cities, there is room for wide awake agents to handle the PRINCESS car. Applications for agencies will be given immediate consideration.
A promotional pitch touts Princess Motor Car Corporation as an established, profitable manufacturer with a daily output and growing demand. It offers stock at 1.25 per share with potential for rapid price gains and dividend prospects, urging immediate subscription or coupon request.
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