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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 14, 1913
Page
14
Weekly column explains inquiries on listed and unlisted New England stocks and bonds. The Boston Post commits impartial data based answers while not guaranteeing accuracy or offering market opinions. Submit one subject per inquiry with full name and address to the Financial Editor Boston Post Boston Mass.
The prospects were outlined by the company president in a stockholders statement advertised in the Post. It suggests a probable financial reorganization, either through lowering capitalization or issuing bonds to displace the preferred stock, as the firm is overcapitalized.
To the shareholders of the Joseph Warren Co operative Bank of Roxbury the regular meeting will be held Monday April 21 1913 at 8 PM at the Banking Rooms 2370 Washington St Roxbury for nomination of officers and consideration of a new draft of by laws as required by Chapter 623 of the Acts of 1912 and acts supplementary thereto.
The Island Creek Coal Company directors declare a quarterly dividend of Hooper share on common stock payable May 1, 1913, to holders of record at the close of business April 26, 1918. W. Batchelder, Treasurer.
The piece analyzes whether the current market decline is the start of a new bear trend or a temporary correction from tariff and Balkan war effects. It notes what would signal a resumed downward swing or a bottoming, reviews tariff plans, and highlights mixed indicators from copper, steel, and railroads along with money conditions and European easing prospects.
Thompson, Towle & Co. note oversold market despite floods and tariff talk. They cite strong underlying tone in many standard issues and expect prices to respond to favorable developments, while warning against overreaching optimism. They flag domestic and European money conditions and identify stocks at risk if tariff passes.
The article notes improving bond sentiment and a stock market rebound with strong rail financing signals. It highlights St Louis and Pennsylvania railroads issuing 30 and 45 million dollars respectively, signaling optimism for new underwritings and attractively priced high grade issues amid tariff uncertainty. London and Continental buying adds further market support for a longer term rally.
A reader asks about the near term prospects for Algomah and New Arcadian. The New Arcadian treasury is likely depleted after exploration costs and the Dow failure left Algomah heavily indebted, growing $3000 monthly.
A Tuesday calendar lists numerous American and associated companies with per cent and preferred shares, noting payable dates in parentheses. Entries include American Agr Chemical, Associated Oil, General Electric, United Fruit, Northern States Power, Procter & Gamble, and Westinghouse among others, with a wide range of yields and preferred issues.
Calendar lists dividends payable for Dallas Electric Corporation first preferred three dollars and second preferred two dollars. Mutual Film Corporation preferred thirteen and four percent, American Chicle Company one percent (April 19). Leo Bond and Share Company two percent (April 15). Books close Mason Valley Mines for mortgage.
Dr. Thomas W. Clements of Davis avenue Brookline a prominent dentist died at home after a lingering illness. He was born in Weymouth Nova Scotia served in the Civil War and later worked in the mint at New Orleans. He married Lydia Randall of Pembroke Me and is survived by her. He was a Shriner Mason and a member of the G A R and Massachusetts Dental Association.
Washington dispatch reports sharp division within the Daughters of the American Revolution on the eve of the 22d annual continental congress. A letter from the conservative party executive committee led by Mrs. William C. Story urged fair elections and quiet denunciation of former head Mrs. Matthew T. Scott.
In a heated three way contest delegates discuss the executive committee letter urging fair treatment for all candidates. Mrs Scott accuses two attorneys of insult while Mrs Horton and Mrs Story campaign actively. Rumors swipe, with Mrs Bryan denying withdrawal, as Wilson and Bryan plan to address delegates tomorrow.
Dr. Daniel D. Peabody longtime Stoneham dentist died unexpectedly Friday. Funeral services were held yesterday at the Congregational Church. A Civil War veteran, he also fought in Indian wars in the West and claimed to have nursed and been a companion of Kit Carson during Carson's final hours.
Vincent T. Fetherston, treasurer of the Hollis Street Theatre, will resume his position at the Temple Place branch of the Old Colony Trust Company after the current season. He will again greet patrons with the same cordial welcome at the box office.
George Lambert of 3153 West Monroe Street was arraigned on charges by his wife Julia Lambert after a month of silence. Mrs Lambert testified they had lived together 24 years without quarrel until recently and that he now communicates only by writing messages.
Campaigns near finish as Mitchell leads Cutting by about 5000 votes and White by 4000 in the Thirteenth district. Rallies mounted tonight with noonday events at several factories and evening gatherings in Brookline.
Norman White, Progressive candidate for Congress in the thirteenth district, defends Bourke Cockran Governor Stubbs and Congressman Bryan against paid representation rumors. He says the three men contributed services freely and denounces attacks as unfair and politically motivated. He also questions Congressman Fordney’s credentials and conservation stance in the current campaign.
In Sofia on April 13 the powers gave Premier Guechoff their reply to the allies note on mediation. The powers accept peace intent and address four points including frontier and Aegean islands, Albania frontiers, and indemnity as a technical matter for Paris.
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