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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 03, 1914
Page
22
March copper production in Miami reached 3,361,100 pounds up from February and January. Phelps-Dodge output in March was 12,493,651 pounds, with February and January figures lower. Mutual National Bank deposits rose to 2,241,200 after a 716,000 gain in a month following new leadership.
Auburn Maine invites bids by 10 am April 4 for a temporary loan of 75000, dated April 6 and due November 15, 1914. California railroad commission approves 7000000 one year five per cent notes of Pacific Gas and Electric sold to bankers syndicate. Colgate Parker White Weld and Robert Winthrop sell 1400000 Buffalo Rochester and Pittsburg mortgage bonds. Lawrence H Parkhurst resigns to join Old Colony Trust bond dept as assistant manager. Columbia County Oregon sells 360000 five per cent road bonds to Portland Trust Savings Bank. Ohio public utilities commission approves 10000000 Norfolk and Western equipment trust 4 1/2s.
The Island Creek Coal Company directors have declared a quarterly dividend of 3 per share on common stock payable May 1 1914 to holders of record at the close of business April 23 1814. Transfer books close March 20 1914 and reopen April 1 1914. G D Milne treasurer.
Total sales in New York reached 210,600 shares and Boston 17,531. The steel issues led activity in both markets with 23,100 and 3,185 shares respectively. Year to date totals show New York 22,967,900 shares and Boston 1,712,803 shares. Compared with last year New York traded 23,063,300 shares and Boston 1,714,155. Top gain in New York was May Dept Stores rising to 5975 from 23g, while C. C. C. & St. L. fell to Ol. The Boston list shows Mississippi River Power dropping from 51% to 2844. Call money in New York moved from 17g to 2 percent. Boston at 3 percent. Time money in New York 2 4 to 4 percent, Boston 4 to 4% percent.
New York market activity edges higher on moderate volume led by bulk gains in select shares. Union Pacific moves on dividend court decision while Baltimore & Ohio weakness offsets upticks. Canadian Pacific and European buying bolster prices. total par value traded $2.4 million with bonds steady.
In Boston on April 2 traders noted a surprising potential for 50 000 to 70 000 share transactions yet described current activity as limited with an undertone of optimism. Highlighted gains appeared in Unite Fruit Calumet Arizona Woolen and North Star Mines with 1300 shares traded at 11 the first since December.
Total sales reach 17 531 shares with bonds valued at 67 200 and rights noted as 2224.
The afternoon London market saw firmer trading with sterling and cable rates quoted. Bankers reported dollar demand at various terms with quotes around 4.8670 for cables and 4.8645 on spot, while francs and guilders traded at 5.1713 and 40.4 respectively.
Kansas City Clinton Springfield Railway first mortgage 5 per cent bonds defaulted on April 1 1914. A committee under a protective agreement dated May 28 1913 calls all holders who have not deposited bonds to do so at Old Colony Trust Boston or Bankers Trust New York. © 1914 Storey Thorndike Palmer & Dodge.
The Comptroller of the Currency reports March 4 bank cash to loan ratios show cash tightening as loans rise. Bond prices improve since 1913, with New York City bonds easing to lower yields. Municipal borrowing in early 1914 reaches a record high, while equities like Union Pacific show weak expectations for dividends.
Closing figures show government bond prices for 2s 1930 4s reg 1925 and 3s coup 1913 among other issues. Prices listed as fractions and decimals reflect daily changes with reg and coup captions. Bond activity appears alongside stock exchange transactions as part of the market wrap.
The New York offices of the United States Worsted Company will move on May 1 from 100 Fifth Avenue to the Eagle Building on Fourth Avenue. The move aligns with industry trends toward the Fourth Avenue district, the wool and worsted hub, and follows a company-wide reorganization that has boosted annual volume to about $9,000,000.
The duo Willie and Muggsy continue their lighthearted stunts in the upcoming Sunday Rest. Fans are urged not to miss the продолжение.
The listing notes counsel firms Storey Thorndike Palmer and Dodge with secretary W B Donham at 47 Court Street Boston Mass.
Roxbury 12 day drive to raise 100000 for Boys Institute of Industry totals 48329 50 with five days done. Women contribute 640 50 and men 2708 last night boosting hopes to clear 50 000 today. Youth committee leads with 1359 while Team 85 captain Mrs J P Silsby tops women teams with 1387. Parker Masters Company pledges 250 plus via 12000 cracker packs.
The Inman square section of Cambridge celebrated the formal opening of a new fire station costing over 55000. Chief Nathaniel W. Bunker led the dedication and the unveiling of automobile fire apparatus. Arc lamps were switched on at six o clock as part of a banquet hosted by local business leaders attracting about 300 guests.
New York April 2. Negotiations for Rockefeller interests to gain stock control of Missouri Pacific and related Gould railroad holdings have been abandoned temporarily. The disruption stems from Goulds not acquiring enough shares in Missouri Pacific Denver & Rio Grande and Western Pacific to give oil magnates a dominant stake, and Mrs. Finlay J. Shepard Helen Gould's refusal to sell her Missouri Pacific holdings.
Dallas Electric Company declares semi annual dividends of 3 on first preferred and 2.50 on second preferred, payable April 183 to stock of record April Merchants National Bank of Boston declares regular quarterly dividend of 2 12 percent, payable April 15 to stock of record April 6.
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