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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 25, 1917
Page
12
Spot closed steady 60 points higher with middling uplands at 26.30 cents. No sales reported. stock 80,109 bales. Net port receipts 51,459 bales. exports to Great Britain 20,256. France 600. Japan and China 350. total 21,206. Stocks in all US ports 544,739 bales.
Dividend notices issued by George F Howland of Boston dated September 20 1917 appear in this notice. The treasurer is referenced in relation to distribution details.
Yesterday's market totals show New York sales at 636700 shares and Boston at 12780. The most active New York issue was U S Steel at 247000 shares, and in Boston Ventura led with 2060 shares. Greatest New York gain Baldwin Locomotive 41 4 to 653 4. loss N Y Airbrake 2 to 127. In BostonSwift & Co. rose 6 1 2 to 157. Maine Central fell 2 1 2 to 92 1 2.
New York trading day shows a government schedule for iron and steel and a near embargo on gold exports to Spain. United States Steel surged from about 1093-8 to 1123-8, closing up two points as rails and other industrials rose in late trading. Call money at 4 percent, time loans higher. total par value sales $3,425,000 with mixed bond performance.
In New York on September 24 the market posted higher highs and lower lows across shares with numerous issues showing gains or declines from the prior close. Traders watched favorable earnings and macro cues as daily volatility persisted.
Boston market report lists high and low quotations for today with net changes from yesterday. The note mentions ex-dividend status for certain securities and prefixes the page with market data.
Boston market shows weak response to New York advances as most metal shares hold near Saturday levels. Atlantic Gulf jumps on July figures expected to surpass June, Swift & Co. climbs, Ventura Oil trades above 7, United States Smelting gains modestly, copper shares stay sluggish amid government price uncertainty and lack of contracts. American Telephone strengthens to 1191-2 amid no clear driver, Mines Company of America weighs in on re opening of Mexican mining operations.
The foreign exchange market showed little change with afternoon rates from bankers. Sterling cables traded around 4.7676 dollars, with demand at 4.7514. francs at 5.79. guilders 42. lire 7.76. roubles 17.34. Loans and paper rates quoted include brokers' customers loans at 6 percent and various collateral and commercial loan ranges.
After an initial dull reaction to government steel price fixes the market surged to new highs. Pig iron priced at 88 per ton, bar steel around 58, and rail stocks such as Baldwin Locomotive and American Locomotive gained as investors welcomed certainty and breadth of industrial demand. Southern Pacific shows strong earnings growth, while Atlantic Gulf & West Indies foresees high monthly profits despite war taxes.
The Harvard Scandinavian Department is omitted this year due to Professor W C Schofield's leave. Three Scandinavian courses will be dropped. The Egyptology department with six courses is entirely eliminated because Professor G A Reisper is unavailable.
New York bond market data show total sales at 3,486,000 with weekly and yearly comparisons. Massachusetts health insurance public hearing announced for Sept 26 at 7:30 p.m. in Boston. Old coins sale notice offers 10¢ to catalog, addressed by Wm. Dessleln in Tremont Street, Boston.
Tobias, once head of Friends of Peace, says he received a $20,000 offer to back an embargo on munitions and sway U.S. opinion toward peace with Germany. The offer came from E. J. Thyme, a Stockholm banker. He also notes Friends of Peace was funded by a $2400 convention and German-American supporters, with mail propaganda financed by a New York German committee.
Twenty two vessels docked at the fish pier as 1,046,000 pounds of fresh fish arrived in one day, the largest daily total in months. Prices held steady with wholesale rates for cod, haddock, pollock, hake, and other species listed. Nirvana led mackerel at 90,000 pounds in a three day haul, crew shares reaching 300 dollars. Groundfish arrivals included haddock, cod, pollock, and waves of several boats. a beached barge Logan may be floated with a wrecking crew to follow.
In Bangor Maine Justice Philbrick directed a jury to return a not guilty verdict for Frank E Pressey former city engineer charged with defrauding the city of 1094 by padding payrolls The court ruled the indictment faulty since it labeled him a principal though evidence showed he was an accessory The State claimed Pressey conspired with Henry A Kelley foreman of the street department to pad payrolls to favor Kelley in exchange for not opposing Pressey as street commissioner
Advertisement offers a new Oliver 9 typing machine at 49 dollars with a 100 dollar previous price. It claims factory direct, same model as used by large industries, and promises a saving of 51 dollars. Contact Oliver and Frank via telephone or mailing address listed.
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