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This newspaper page contains 15 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 07, 1917
Page
14
The foreign bond market was quiet and rates largely unchanged today. Afternoon rates showed trading in sterling cables at 4.76 to 4.75, francs around 65.77 to 65. etc with other currencies and bullion prices noted.
Irregular stock prices show steel stocks improving while rails and motors weaken. New Haven at 2534, off 334. Crucible a strong feature. Boston elevated down to 51.
New York total sales 667000, Boston 14138, steel lead 226600 in New York, Utah Apex 830 in Boston. YTD totals Jan 1 1917 New York 135977000, Boston 4181502. Prior year New York 104003551, Boston 7583601. Biggest rise New York National Biscuit 4 to 100, biggest fall General Motors 5 to 102. Boston gain St Marys 1 to 73, loss Nor Wor pref 15 to 120.
Stocks moved against the trend with industrials firmer after Senate rejection of a major war tax. Rails weakened on financial factors as Union Pacific and others rose briefly then faded. Steel and copper shares fluctuated with late losses as motors slumped and bond demand remained steady despite gold exports.
Boston reports the New York market barometer with today’s high low and closing quotations and net changes from the previous close. The summary lists the day’s price ranges and shifts for key stocks as investors react to market dynamics.
Boston and Maine slips to 2 percent its lowest since 1915 while New Haven suffers from a disappointing July earnings report showing net income of 1 585 888 against 2 377 194 a year earlier. Boston Elevated closes at the day’s bottom after selling pressure.
The ministry of provisions in Paris issues a decree limiting starch manufacturers to small or diseased potatoes as the harvest begins. It warns that unlimited use could curb supply and invite price inflation by speculators. All sound potatoes above the restricted size found in starch works will be requisitioned.
Berlin reports more than 7500 prisoners captured in the Riga offensive and 180 guns seized as the campaign advances.
Italian forces push to capture Monte San Gabriele, repeatedly taking the summit only to be repelled. Austrian telegrams report a brutal struggle with six successive Italian attacks as they press the offensive on the peak.
The New Haven stock price sinks to about 25 a share a record low as short term notes due next April yield 13 to 15 percent. Analysts warn of refinancing difficulties amid weak earnings despite high gross revenues and looming taxes, with broader market liquidations and rail weaknesses shaping the sentiment.
In the table the new United States bonds are priced in units and fractional hundredths. The symbol d denotes hundredths in the subjoined figures.
General Guillaumat awarded the Legion of Honor with rank of commander to Major Philippe Bunau Varilla at BAR LE DUC hospital. Bunau Varilla, former director general of the Panama Canal Company, was wounded in the right leg by shell fragments. his injury was serious enough to raise the possibility of amputation, but he is progressing toward recovery.
Ottawa dispatch lists American names among Canadian casualties. Gassed: Thomas Dean of Roxbury. Missing and believed wounded: J. P. Jensen of Beverly Mass.
A waterfront calendar notes tide data and celestial reminders while reporting brisk fish receipts at the pier. Buyers quote prices for haddock and cod as several vessels haul catches including 33,000 pounds of scrod. The piece also covers banana movement, civilian guards at Gallup's Island, and a transatlantic tobacco cargo for American troops in France.
James Potter of Malden Massachusetts, a crewman aboard the submarine Kongali, reports nearly 100 American seamen destitute on a beach near Amsterdam. They survive by scavenging and await opportunities to sail for home after submarine sinkings. Potter spent three months waiting for passage back to the United States due to Dutch shipping demoralization.
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