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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 23, 1909
Page
12
Strengthened market tone lifts Reading and steel issues as Reading holds firm despite late-day declines. New York activity shows gains in Amalgamated and Norfolk & Western with notable interest in American Telephone issues and Boston trading highlights North Butte pressure amid broader bullish sentiment driven by steel earnings outlook and Burlington refunding plans.
Trading on the Boston curb market centered around Southwestern Development Geyser Bay State Gas Chief Consolidated Cobalt Central and Majestic. Southwestern slipped from 11 16 to 60 cents recovered to 8 cents and closed at 69 cents. Bay State Gas rose to 67 cents then fell to 62 cents. Chief Consolidated rose to 13 4 from 15 8 and closed at 17 16. Geyser moved up to 14 cents.
National Carbon Company declares 1 percent quarterly on preferred stock with May 15 payment and book close May 4 reopen May 16. Cambridge Electric Light Company issues 214 percent quarterly with May 1 record date April 20. Luther Manufacturing 1.14 percent quarterly May 1. Laurel Lake Mill 2 percent quarterly May 1. American District Telegraph 1 percent quarterly May 15. Cripple Creek Central Railway 1 percent on preferred quarterly with June 1 record May 20. books do not close. Norfolk & Western Railway 2 percent semi annual on common with June 18 record May 29.
Boston fans debate if Cy Young’s legacy will outpace Charley Check as they watch early season results. Check has impressed in two wins while Young limited St Louis and Detroit to few hits. The coming weeks will reveal which pitcher earns Boston’s confidence.
Calendar notes books close and opens for several stocks including Cent. Dist. and Print. Teleg Keokuk Des Moines pref. and common stock Asso Merchants 1st and 24th pref Asso Merchants, Superior & Boston Mining, and meetings for U. S. Reduction and Mining Utah Copper.
Boston April 22 The Chicago Burlington and Quincy plans to refund about 65 million dollars of underlying bonds into 4 percent securities with interest as high as 6 to 7 percent in the exchange. Circulars detailing the plan are being prepared. A New York and Boston bankers syndicate has bought 4 million dollars of New York Chicago and St. Louis Railroad Company 25 year 4 percent gold bonds due 1931. Lynn voters authorize 385 thousand dollars in school bonds at 3 1/2 percent for 20 years and 50 thousand dollars more for general school purposes.
The Harvard track team endured a strenuous third day in Exeter, with morning rain leaving the track in good condition. Coaches Donovan and Quinn pushed the squad hard as relay runners DeSelding Merrihew Blumer and Kelley were chosen for Saturday’s mile relay, while Foster and Connell posted solid times in the century. Remaining runners stay in Exeter through Saturday before Philadelphia.
Lakewood N J April 22 golfers from many regions gathered for the Lakewood County Club spring tournament. Eighty two survive two qualifying rounds of 18 holes each with 45 more entering. Weather cleared and courses dried after rain as scores ran unusually high. George T Brokaw of New York posted the low 160 with two rounds of 80.
Beverly officials vote to invite President William Howard Taft to address local schoolchildren on July 4 or another convenient date. The move aims to mark Independence Day with a formal speech by the national leader.
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