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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 09, 1915
Page
12
Market observers report steady improvement with higher prices ahead during a favorable period. Industrial stocks led by steel and railroads show strength, and if leaders like General Electric advance, overall market prospects look bright despite war stock concerns.
The Thompson's Spa employees outing at Lexington Park was cancelled due to doubtful weather. About 400 people had planned to attend, and many still went to the park despite the decision.
An official statement of facts asserts that within roughly twelve months the stock could command several times its current price. Investors are advised to monitor market developments as the claim emphasizes rapid upside potential.
The piece argues war stock speculation has inflated prices but notes real value in steel and railroads. It cites Steel Corporation capacity at 95 percent, pending government crop data, and a favorable financing climate with Federal Reserve stability. It also compares railroad, copper, and industrial shares, suggesting overall market optimism without excessive risk.
The Boston Post announces a Monday morning Financial Questions column answering inquiries on listed and unlisted New England stocks and bonds. It promises impartial data from trustworthy sources and no market price opinions. Readers must provide full name and street address to receive attention.
A 1916 reader query asks about the Tampa Northern first mortgage 5 percent bonds status. The answer notes the line’s 58.74 miles, $1,258,000 bonds, and Seaboard control with a $21,416 per mile debt, plus earnings outlook. Duquesne Light Company, consolidated in 1912, serves Pittsburgh with 46 percent of local power, reporting a $1,744,000 surplus for year ending 1915 and a safe dividend coverage, with cautions on market liquidity.
The New Haven railroad and its related companies report total net income of 4,805,268.68 for the year ending June 30, up 2,064,255.38 from 1914 as expenses fall despite some revenue decline. Some subsidiaries show small deficits, but overall gains are attributed to cost curtailments and economies. Final figures from Rhode Island Co and NY Westchester and Boston Ry are not included.
Edward F. Mc Sweeney, chair of the local Port Directors, declares in a letter to Philadelphia Mayor that Boston ranks second nationwide in import and export trade value, countering Mayor Blankenberg’s claim that Philadelphia holds the distinction.
Plan announced for the American Federation of Catholic Societies annual convention in Toledo Ohio from August 12 to 18. Papal delegate Most Rev John Bonzano will open with pontifical mass. Mass meetings feature F S Mansfield and Charles E Fay while John Whalen presides over the business sessions at Memorial Hall.
Father John F. Kelly, chaplain of the Working Boys' Home in Boston, died in Newburyport after a lingering illness. Born in Salem in 1855, he trained at Ottawa University and was ordained in 1882. He served Kansas churches for 112 years, later moving to the Boston diocese and serving in Roxbury, South Framingham, Bridgewater, Merrimac, and West Newbury before health forced his resignation and retirement to Newburyport.
Lieutenant William White Mitchell of the Springfield fire department died suddenly this afternoon while driving through Wilbraham with his wife. He handed her the reins and collapsed in her lap as the horse bolted, forcing her to steer and stop the horse after nearly a mile, near the State game preserve driveway.
Worcester man William E Turtle aged 58 died at his home 919 Pleasant Street after more than 30 years in the drug business. Born in Halifax he moved to Boston at 14 and opened a drug store at Pleasant and High Streets in 1888.
Strike pickets will be doubled at the Becker Milling Machine Company plant in Hyde Park and the National Machine and Tool works in South Boston today amid unverified rumors of strike-breakers being called. Leaders say manufacturers deny the claim but workers fear replacements.
The Becker strikers will present their reply to the State Board of Arbitration after a secret vote on returning to work and accepting or rejecting the board’s recommendations. Sturtevant Blower Works workers plan a Hyde Park mass meeting to back eight hour day and overtime pay demands. The National Machine and Tool shop in South Boston meets with John J. Connolly to decide strike strategy as Federal Conciliator John A. Moffitt and James A. Smyth of labor department offer aid after the vote.
Charlestown longshoremen pass resolutions urging the federal government to deter interference with U S commerce by the wartime powers. They claim loss of work and wages for American workers due to neutral shipping policies and ask the AFL to press authorities.
Organized labor prepared for the annual parade in Boston to mark Labor Day with a 25 member committee in the Wells Memorial building. John J. Barry was chosen chief marshal, with Harry P. Jennings heading the ILA Teamsters division.
Field day for City Employees set for September 6 at Rogers Park Brighton with invitations to Greater Boston athletes and numerous prizes. John H. Mahoney and Frank F. Morse elected delegates to the Massachusetts State Branch A F of L. Carpenters' Building Association moves toward a Carpenters' Temple in Boston. ballots to elect three trustees per union for three years. Sanitary and Street Cleaning Teamsters' Union 149 votes against Labor Day parade plan.
Lloyds reports the British steamer Glenravel of Belfast the Swedish steamer Malmhand and the trawler Ocean Queen sunk. Crews of all three vessels landed. Glenravel was 1092 tons, owned by Antrim Iron Ore Co Belfast. Malmhand was 38779 tons, owned at Gothenburg.
Amos Stubbs leads a renewed spring campaign against liquor licenses aided by John Willett and a series of provocative cartoons by Charlie Thomas in the Evening View. The caricatures reveal alleged moral failings of local leaders, turning voters against the liquor trade and elevating Willett as a public-spirited figure amid mounting political pressure.
Samuel Gompers and Gifford Pinchot spoke at City Hall Plaza rally protesting Colorado strike leader John R. Lawson verdict. Resolutions denounced coal companies for government and court influence and called for removal of Judge Granby Hillyer. Other speakers included William Greene and Frank Morrison.
Barney Zoloto of 47 Hollander Street Roxbury sustained slight injuries after being struck by an automobile on Shore Road Winthrop yesterday afternoon He was visiting friends and was racing a companion toward the beach when he ran into the front of the machine.
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