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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 16, 1915
Page
14
A sharp week to week drop in exports from 60 million to 83 million is viewed as possibly reflecting allied credit needs. Analysts say buyers may hold off until the foreign loan is arranged, with exchange rates likely to rise. The article also notes Westinghouse dividend prospects, rifle deliveries, and stock market activity amid war orders and crop gains.
A dividend of one and one-quarter per cent on common stock is declared payable October 15, 1915 at the company office 131 State Street Boston Massachusetts to stockholders of record at the close of business September 22 1918 Juan W Damon Assistant Treasurer
Current quotations show call loans at 3 percent for brokers and outside brokers, with commercial loans from 4 to 6 percent and collateral loans at 4 1/4 to 6 percent. Commercial paper ranges 3 to 4 percent, with year money at 4 percent. silver at 48.43 1/2 cents per ounce. Foreign exchange firmer with sterling at 4.67 dollars for cables and 4.641 cents for demand, francs at 5.05, marks at 8.24, guilders 0.405, lire 6.37.
Allis-Chalmers and American Can show strength, Bethlehem Steel near top gains, General Motors slips ten points but leads in losses. Boston and New York lists highlight Osceola and Butte & Superior as active movers with notable share totals for the day and year to date.
New York trading opened dull with war loan uncertainties weighing on stocks. United States Steel weakened while Allis-Chalmers Crucible Steel and U S Alcohol led gains. Erie and Rock Island moved on preferred shares and legal news. Bond and currency activity stayed steady as investors await clarity on Anglo French loan negotiations.
Boston market shows scattered activity as copper rises in London and home sales linger around 18 cents. Dealers fear oversupply but buyers draw back amid Arizona mine strike threats. 30 to 40 million pounds sold last week at 18 cents. Maverick Mills declares another $1.50 per share dividend on preferred stock. City of Boston issues $3.5 million in bonds sold at 101.45 to local syndicates. Atlantic Gulf & West Indies plans 4 to 5 million in new steamers funded mainly from earnings.
The report lists the day’s high low and last prices on the Boston Stock Exchange with comparisons to the previous close for each security traded.
Financial editor of the Boston West named Editor Bean has been elected to the board of directors of the Metropolitan Trust Company. The appointment expands governance in a regional financial institution serving multiple communities.
The Metropolitan Trust Company created from a consolidation of Mutual National Bank and First Ward National Bank of East Boston names Arthur J. Bean as director. Bean remains financial editor of the Boston Post and brings extensive investment and securities knowledge to the board.
Portland sells 150000 six months high school notes at 3 03 percent discount. New Bedford invites bids for 12000 four percent bridge bonds dated Aug 1 1916 and due 1000 yearly 1916 27 and 17482 75 four percent highway bonds with varied redemption 1916 23. Attleboro awards 50000 temporary loan to Loring Tolman Tupper at 2 59 percent discount. New Bedford awards 200000 temporary loan to Morgan Bartlett at 2 12 percent discount.
NY government and corporate bonds trade closes with mixed results. Bond list shows 1934 to 1961 issues, prices near 100, with total sales reported as $2,457.00 and prior day totals around $2,535,099. Day’s activity notes a 4 year range and a weekly comparison to $2,562,000.
Nort and We North Pac on a damaged page fragment. The readable text hints at a regional coverage item likely about a naval or Pacific topic, with unclear specifics and missing critical details.
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