Markets Display Heavy Undertone News Update
Missouri Pacific declines 5 1 4 points to 187 8. Lehigh Villas up 2 percent to 135. Chino and Bay Consolidated issue 1913 annual reports. Alaska gold active, reaching a new high at 277 8.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 18, 1914
Page
16
Missouri Pacific declines 5 1 4 points to 187 8. Lehigh Villas up 2 percent to 135. Chino and Bay Consolidated issue 1913 annual reports. Alaska gold active, reaching a new high at 277 8.
Total sales in New York reached 401700 shares and Boston 30838. The steel market led activity in New York with 57900 shares and Alaska topped Boston with 14024. Year to date totals show New York 25971600 and Boston 1960304 shares. Major moves include American Tobacco up 3 to 230 in New York and Utah Copper up 174 to 5514 in Boston. Call money ranged 2 percent in New York and 3 percent in Boston. time money 2 1 4 to 4 percent in New York and 3 to 414 percent in Boston.
Sharp bear attacks dominated trading led by Missouri Pacific and Lehigh Valley. Missouri Pacific fell to 18 1 2 while Lehigh Valley dropped to 134 as heavy selling and note concerns weighed on the issue. Despite the declines the broader market opened strong on London gains and Mexican settlement optimism.
Ex dividend markets report shows total sales of 30,838 shares plus bonds worth 30,100 and 609 rights, with assessment paid status noted.
The Bellows Falls Power Company announces a semi annual 24 percent dividend on its preferred stock payable May 1, 1914. Stockholders of record at the close of business April 23, 1914 will receive the dividend. Baker Ayling & Company serve as transfer agents.
Municipal Service Company declares a quarterly dividend of 1 percent on its preferred stock payable May 11 1914 to stockholders of record April 28 1914. Baker Ayling & Company transfer agents Bellas.
The Boston market showed a generally bearish tone with limited trading. Alaska Gold led activity at 277 8, closing around 27, while Granby fluctuated from 82 to 79 18 and settled near 80 as 2863 shares moved. China and Ray reports were favorable but had little market impact. Ray earned 1.80 a share, China 3.75, with production gains and cost cuts cited. overall, late trading remained slow and weak.
Westerly Light and Power Co and Mystic Power Co report 1915 gross earnings of 124 962 with net 53 24 thousand, a 2 6 percent loss. 1908 electric consumers and 1163 gas customers at year end 1918, up from 1912. Extensions reach Bradford and Weekapaugh amid ongoing infrastructure expansion.
A Thursday through Friday rally cooled with dulness and weakness in late hours. Missouri Pacific and Lehigh Valley slumped amid financing fears for New Haven notes and reports of New York Central dividend cut fuelled investor unease.
R G Dun and Company notes adverse weather deepens general trade quietness with no buoyancy. Improvement exists but spring delays distribution and goods accumulate. Commercial paper remains scarce despite favorable financing terms. Confidence persists due to strong agricultural outlook. Imports textiles rise while exports fall. footwear output and leather demand soften. iron and steel show uneven gains. Failures total 315 in US, 30 in Canada, versus prior year.
The Chino Copper Company reports earnings of 3.75 per share on 860,540 shares for the year, up from 2.80 on 777,420 shares. Copper output reached 50,511,661 pounds at 8.49 cents per pound, versus 27,776,088 pounds at 7.69 cents in 1912. Management made limited new drilling but revealed potential ore expansion, with an available tonnage over 0,000,000 tons as of January 1, 1914, average copper grade above 1.8 percent.
The Ray Consolidated Copper Company reports earnings of $1.80 per share for the year, with quick assets totaling $1,542,000 versus $1,464,002 a year earlier. Copper production fell to 52,541,029 pounds at 9.7806 cents per pound, from 94,674,275 pounds at 9.8281 cents. Sales averaged 15.371 cents per pound, up from 14.994 cents, and the property and equipment are described as fully and efficiently equipped.
Bradstreet's notes irregular trade with overall quiet business. Spring dry goods and apparel show fair activity. large industrials halting with cautious buying. Woolens improve on fall orders. yarn mills lag. Bank clearings fall 7.2 percent from 1913. wheat and flour exports total 2.8 million bushels. Seasonable weather aids Canadian trade but progress remains slow.
At a Chicago meeting between Boston & Montana Development Company directors and MacArthur, Perks & Co. Ltd., a contract was signed for the 119 mile Southern Montana railway from Butte to Wisdom, backed by English capital with about 3 million dollars involved.
Stockholders voted to raise capitalization by issuing 100 preferred shares and 1000 common shares at 100 each under authorization from the Board of Gas and Electric Light Commissioners. Authorized totals become bonds 838000 dollars, preferred 354500 dollars, common 354500 dollars, total 1047000 dollars with rights valued at 1 to 1.25 at current stock quotation.
Copper prices on the New York Metal Exchange were mostly steady to dull with several bid levels noted for spot and June deliveries. Lead and spelter showed quiet activity while iron remained steady and unchanged amid broad market softness.
Fresh groundfish receipts show a sharp drop across the week with nearly 1,000,000 pounds less than last year. Haddock, cod, pollock, and hake prices edge lower while two schooners bring small catches.
Mariners record a busy passage with numerous steamers and schooners listed arrival and departure ports across Atlantic routes. Vessels include Stolzenhels Altmitten Calcutta Colombo Arabic Finch and many others bound for or from Liverpool Calcutta Antwerp Hamburg Baltimore Norfolk and New York amid tug towage and barge movements reported along coastwise lanes.
The West End Street Railway Company has sold to Estabrook & Co. five hundred thirty nine thousand dollars of thirty year bonds at five percent. Worcester Massachusetts will receive bids.
Savings Bank of Fitchburg and others bid until April 18 for 100000 notes dated April 21 maturing 1914. Curtis & Sanger awarded a temporary 80000 loan due November 17, 1914. Other bidders include First National Bank of Boston and Worcester firms. Waterbury bids due May 18 for 000 bonds including 100000 for city hall police fire station and 100000 for schools, all dated Jan 1 1914 and due 1924 63 and 1984 53 respectively.
Pastor Russell presents a seven hour Bible scene show in three parts at the Boston Theatre on Sunday April 19. Sessions include Part 1 at 7:30 p.m. Part 2 at 3 p.m. Part 33 at 10 p.m. Special arrangements for Sunday school parties. Souvenirs in the morning. Reserve by writing I. B. S. A. Boston Theatre.
Tremont Temple Chipman Hall hosts Adventist meeting on Saturday April 18 at 3 p m with topic Millennial Dawnism examined by Bible truth. Advent Christian Church at 160 Warren Street offers services 10 20 a m and 7 30 p m with Rev C O Farnham D D officiating Sunday school 12 05 p m and young people's meeting 6 p m.
During repairs at Warren Avenue Baptist Church services move to Scenic Temple with Rev. Herbert S. Johnson D D and Rev. Frederick I. Weather. morning sermon Who Was Jesus Christ and evening The Scepter of the Baseball Kit. Other churches including Ruggles Street Tremont Temple and Clarendon Street hold daytime and evening services with various pastors and choirs. A Christadelphian lecture on conditional immortality is also announced.
A listing of morning and evening services at multiple churches including First Church Boston and Old South Church with sermons by Rev. James Austin Richards and others. A Mendelssohn St Paul chorus performance with the Rev. George A. Gordon and free seating is noted along with Bible school times and additional chapel services.
The city hosts multiple congregations across Columbus avenue and Berkeley street with sermons by notable ministers from Nazarian to Fisher. Additional events include Gideon Associates debates, church services at First Methodist, First Presbyterian, Salvation Army, and Unitarian Universalist gatherings plus choir performances and Sunday school.
A crowded list of spiritual, educational, and patriotic events across Boston and Cambridge on April 19 featuring the International Bible Students Association at 162 Boylston, Theosophical lectures, Unemployed Mass Meeting at Boston Common, Common Cause Forum with Andrew Shipman, Catholic Mission, First New Thought Society, and multiple Spiritist and religious services with various speakers and locations.
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