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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 28, 1913
Page
14
The Boston Post outlines Monday inquiries on listed and unlisted New England stocks and bonds. It says responses will be impartial, based on trustworthy data, with no market forecasts or opinions. Inquiries should be limited to one subject and include full name and address.
The piece argues Massachusetts Electric preferred at 76 yields 5.2 percent tax free in Massachusetts. It notes a 100 share par exchange option in 1920 and questions the implied 10 percent yield after amortization, suggesting the dividend may be insecure or the yield calculation academic. It cites overcapitalization and modest common equity, with rising earnings under strong management.
Portland Electric Company of Maine has $500,000 of 6 percent cumulative preferred stock due in 1926. Earnings have risen for five years and dividends are well covered, indicating a secure preferred. Trinity Copper Company trades at $4 a share. the 1900-incorporated firm has outdated equipment but is said to be ready to resume operations and invites further inquiry.
The Houghton County Electric Light Company in Houghton Michigan declares semi annual dividends. Preferred stock at 6 percent per year equals 75 cents per share payable May 1 1913 to holders of record May 21 1913. Common stock at 5 percent per year equals 62 1/2 cents per share payable May 1 1913 to holders of record May 21 1913. Stone Webster transfer agents.
Island Creek Coal Company directors declare a quarterly dividend of one half cent per share on common stock, payable May 1, 1913, to stockholders of record at close of business April 26, 1913. F. W. Batchelder, Treasurer.
The text notes lack of trustworthy information on Bay State Gas Co W Roxbury and discusses the Birmingham Ensley & Bessemer railroad project in Alabama. It covers construction status, competition with a local line, franchise length, and bankers’ opinions, with expert outlooks on bonds and stock investments and expected market adjustments.
Hayden, Stone & Co argues sentiment must change for a broad market uplift as crops look good and money is easy though stocks sit 16 points below a year ago. They say conditions are ripe for recovery once investor mood shifts. Thompson, Towle & Co notes activity tariffs and money tightness have limited impact, with a quiet market and low investment demand expected to continue unless new shocks arise.
Federal Sugar Refining common and preferred stocks show 11 4 and 11 2 percent and 4 28 payable dates. Books close Diamond Match Company for meeting. Meetings listed for Inspiration Consolidated Copper Co Mason Valley Mines Co.
historians debate Diogenes honesty as one says he paid for oil and the other challenges the claim. The exchange highlights how ancient anecdotes can be contested by new evidence.
Councillor Alexander McGregor issued a statement defending the executive council's action to table Frank L. Randall of Minnesota as prison commissioner. Pressure mounts on the council to confirm him as a campaign committee mobilizes supporters and floods members with letters.
Councillor McGregor defends his stance on Massachusetts appointments citing public support and merit tests. The piece notes proposed candidates for the Prison Commission head, including Carril E Bridges and other state officials, along with park and roadside safety updates and the upcoming A A A National Reliability Tour plans.
The Dragon's Blood Associates from the Post photo engraving department held their annual banquet at the Quincy House yesterday afternoon. Ten of the original charter members attended and listened to Chief Dragon C. W. Casey's essay on up to date photography. Music and literary exercises followed.
The State convention of the National Association of Letter Carriers will be held in Worcester on Sunday, May 11. Delegates chosen from Branch 34 include Patrick J. Conboy, Frank S. Dardis, James Whitaker, Andrew B. Hafferty, William H. Leonard, P. J. Broderick, Thomas M. Nolan, Winfield L. Jacobs, Owen J. Hillen Jr., Francis G. Kane, and Walter C. Newell.
Red Murray of the Giants complained about the high sky in Knoxville Tennessee that made fly balls hard to judge. Josh Devore replied the sky is always high there and must be to fit the surrounding mountains.
The People's Choral Union conducted by F W Wodell presented Handel's Messiah at Symphony Hall. Soloists Miss Marie Stoddard Miss Marion May Joseph Goudreault and George W Downing backed by the Boston Symphony Orchestra under Jacques Hoffmann. The concert drew a large enthusiastic audience and featured strong performances with notable applause after the Hallelujah chorus. This marked the ensemble's final concert of the season.
In Shamokin Penn on April 27 the grievance committee of the union declared the strike at the Mineral Railroad and Mining Company collieries ended The strike began Tuesday to compel wearing union buttons and managers report about 7000 workers will return to work tomorrow
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