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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 21, 1913
Page
14
The Boston Post outlines its Answers to Inquiries column for listed and unlisted New England stocks and bonds. It commits impartial data based responses, disclaims market forecasts, and requires inquirers provide full name and address and limit each query to one subject.
In 1911 Iowa Central merged with Minneapolis & St Louis. In 1912 M&StL issued 75,000,000 in refunding and extension bonds to cover prior liens, making the Iowa Central 4 percent refunding a closed mortgage at 7,156,000. Total bonded debt: 14,806,000 about 27,000 miles. Future capital needs to be funded from junior securities. System deficits in 1912 declined after July 1, 1912 with six months earnings covering 907,175 interest and 563,000 surplus. current year earnings may double the interest on refundings and other liens.
The East Boston Company announces its annual meeting to choose directors for the coming year and conduct other business. The meeting will be held at Room 29, 16 State Street, Boston on Monday May 5, 1913 at 12 noon. Transfer books close at 12 noon April 12, 1913 and reopen after dissolution. Joseh Weeks, Clerk. Boston, April 12, 1913.
Houghton County Electric Light Company declares a semi annual 6 percent preferred dividend and 5 percent common dividend, both Sheduled for May 1 1918 to stockholders of record May 21 1913. Lowell Electric Light Corporation also declares a quarterly 2.00 per share dividend payable May 1 1918 to stockholders of record April 22 1918.
The column explains tax treatment of American Telephone stock is non taxable while its bonds are taxable. It notes Massachusetts public utilities are generally solid but require scrutiny. Westinghouse preferred appears well secured with conservative policy, common remains speculative. Nipissing cobalt stock is a high yield speculation with uncertain ore reserves. par value $65. Manhattan Market of Cambridge operates on a cooperative plan with assets $174,000 and net assets $128,596 as of Jan 4 1918.
Calendar lists dividends payable and dates for Amer. Locomotive preferred 1 3 4 per cent, Cleveland Cincinnati Chicago St Louis preferred 1 1 4 per cent, Consolidated Ice 1 1 2 per cent, and others including Tonopah Mining 25 per cent with 15 per cent extra. Notes parentheses pay dates. early closes and opens for books on several issuers. meetings for North Butte Mining and U. S. Steel noted.
Cardinal OConnell assisted at the Cathedral of the Holy Cross in the morning service after several Sundays’ absence. Celebrant Rev Nell Cronin led the mass with seminary deacons from St John’s Brighton and Rev William Finigan as master of ceremonies. Sermon by Father Finian. Chaplains to the Cardinal were Rev Michael Scanlan and Rev James Redican.
Market prices remain near last week level after a earlier recovery from the year’s low. Traders expect cautious behavior until new influence sets the next movement, with signs of money strain easing abroad and in the United States. Investors face weak long term bond demand but expect a potential upswing as yields normalize, influencing stock prospects amid tariff and crop developments.
Washington April 20 A proviso in schedule N of the tariff bill could restrict the aigrette plume and other wild bird feathers skins and quills. The move is backed by the National Association of Audubon Societies and the prevention of cruelty to animals societies nationwide.
All arrangements made for the annual concert by the Boston University Glee Club before the Bethany Circle of Glendale Baptist Church in Everett on Tuesday evening.
Audubon societies push a feather proviso to ban import and use of aigrette egret osprey plumes and wild bird parts for millinery. The bill would permit only domestic fowl feathers, steering adornment toward barnyard varieties like bantam and Plymouth Rock plumes as rarer species face extinction.
Several schooners reached local wharves with no Saturday arrivals and a big fleet anticipated before market opening. The India mayo a British freighter from the Far East, and the Norwegian steamer Elg from Macoris with sugar, docked in East Boston and Norfolk respectively. The Esparza from Port Limon and Canopic from the Mediterranean are due soon, while the Susie Pear carrying pulp wood from St. Martins nears Bath. Maritime labor tensions rise over deck officer shortages and onboard food quality amid regulatory disputes.
A long shipping list reports arrivals and sailings of numerous steamers and tugs. Vessels named include Indramayo Wise Ely misnumbered entries, City of Augusta Munson and Underwriter plus barges and tugs moving between Yokohama Singapore Norfolk and New York.
Massachusetts lawmakers consider a constitutional amendment to widen taxing power over personal property and intangibles including securities. The measure would allow guidance for more liberal laws, possibly enabling an income tax or broader tax bases, while preserving existing rates and exemptions. A companion social welfare bill seeks centralized widow’s pensions administration amid debates over city versus state control.
A fragmented report notes the barge Ampere calling at New London for a barge from Richmond, with Providence and Watawissa and Swa arx Philadelphia lines. Vessels John G Chandler Philadelphia towing Ss B M and M R Charles T Plymouth plan to return with a barge. Frank B Witherbee from Charleston towing Lynn in Betsy Ross, Note-Tug Boxer, sailed the 19th and rejoined near Saber 19th aboard schooner Madelines at 1 8t Pierre, then encountered premature events.
More than 20 members of the Ladies Auxiliary of the Ancient Order of Hibernians in Suffolk County received degrees at a class initiation in Faneuil Hall last evening led by the county degree team under State Treasurer Mrs. Ellen M. Murphy. Guests included National President Mrs. Ellen Ryan Jolly of Rhode Island and several state and county officers from Massachusetts.
James T. Huggins father of Miller Huggins manager of the St. Louis National team died suddenly at his home in Cincinnati. He was 64 years old.
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