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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 12, 1901
Page
8
Associated Merchants Company a corporation under a Connecticut special charter with an authorized capital of 40 million dollars including 10 million dollars First Preferred Cumulative 5 stock convertible into second preferred or common, 5 million dollars Second Preferred Cumulative 6 stock, and 5 million dollars Common stock.
A Boston notice promotes $5,000,000 of First Preferred Stock with 5 percent interest to July 15 1901. Subscriptions: 35 percent on acceptance, 100 percent by April 15, 1901, and 65 percent by July 15, 1901. Prepayment allowed. forms available at the office. applications may be rejected. transferred receipts issued with payments.
John Claflin writes from New York on behalf of The Associated Merchants Company detailing a plan to issue 5 million dollars in First Preferred Cumulative Five Percent Stock to fund acquisitions of H. B. Claflin Company Adams Dry Goods James McCreery & Co. and related assets. The letter outlines stock structure, conversion rights, dividend priorities, and payment schedule with emphasis on maintaining cash operation and securing immediate earnings.
Cunard shares drew little attention in London as a shareholder criticized profits boosted by British government payments. The company emphasized ongoing freight and passenger growth and defended the need for new ships like the Ivernia and Saxonia.
Broad market gains lift copper shares in New York and Boston with Amalgamated Copper rising to 1171-8 amid heavy trading. News of potential deals and mining company earnings buoy front names while industry insiders report smart insiders buying and strong demand for copper products.
Boston report shows the day’s top and bottom prices, with closing bid and asked figures for the market. Investors monitor shifts in key securities as trading winds down.
Fragmentary OCR text shows financial figures and terms such as dividends and assessments. Mentions Winona Min and Wolver ine, with numbers 4285 and 60 451, but content is disjointed and lacks coherent events or dates.
Baltimore April 11 final steps in a large telephone consolidation led by George R Webb. Directors of United Telegraph and Telephone Company acquire Maryland Telephone and Telegraph Pittsburg and Allegheny West Penn Long Distance Home Telephone and Electric Allerheny County and Harford County Telephone companies with about 60000 telephones to join the system.
Alvin Neal formerly of Portland Maine one of the oldest and best known stevedores in this city died yesterday morning at the Parker House in his seventy fifth year. He had been feeble all winter and death was due to causes incident to old age. He leaves a widow two sons and a daughter. The body will be taken to Portland for burial and the funeral will be held tomorrow.
A quirky newspaper sketch describes the silk sock social craze sweeping church events. Attendees enter by reciting a pass word and showing swift silk socks, with free admission and exchanges like baked beans and necktie teas fueling the trend.
Delegates from New England states gather in Boston for a business and social conference of state federation women. Mary Merrbott of Connecticut and N A D West of Massachusetts are noted leaders as events include luncheons musicales and a reception at the Vendome with governors staff and notable speakers on civil service reform and regional issues.
Brown University defeated Boston University in a Thane Rich Hall debate on the affirmative that trusts are beneficial. Judges included Thomas J. Gargan and Charles Cross of MIT. Brown speakers E P Carr and A V Pope argued improved machinery lowers prices while opponents cited trust harms.
Secretary Long names a board led by Captain Converse to study a central rendezvous for torpedo boats. Boston was possible, but Port Royal and other coastal points may be considered for periods of inactivity.
Boston Wholesale Grocers Association members dined at Parker Aguas with planning for the year. Emerson Grammar School pupils gathered at United States Hotel with Miss Ethel Allen presiding. Beaton acted as toastmaster and officers were elected including Miss Ethel as president and Albert J. Beaton as treasurer. Also noted are the Society of Incorporated Ac decided end of season meeting and a discussion by Jeet na Accountants on duties.
The thirteenth annual Carney Hospital Alumni Association reunion and dinner was held last evening at the United States Hotel with about thirty-five attendees. Officers for the coming year were elected, including Jon M. Hastings, M.D., as president.
Charles B Perkins chairman of the Chicago Burlington and Quincy railroad returns from New York to Boston. Rumors of a pending consolidation with Northern Pacific are circulating but he declines to confirm or deny any deal. He states he will announce details when ready.
George WL Thorndike a wealthy East Boston resident and former alderman died at his Mavericks home yesterday morning. He was a veteran of the Civil War and brother of Dr William H Thorndike. The funeral is to be conducted by the Hooker Post.
King Oscar of Norway and Sweden accepts role as arbitrator in the United States versus Great Britain and Germany claim case. Dispute referenced as German peace probe and allied Briton case at Washington.
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