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This newspaper page contains 21 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 21, 1912
Page
13
Inactive market with early fractional gains followed by losses, then close recovery led by local short covering. September wheat up 1 8 1 4, December and May 1 8 1 4. New corn futures jumped with 3 8 1 2 and 1 2 gains. Oats quiet with September up 1 4 and May down 1 16.
The cotton market opened a couple of points higher, then slipped about 4 points before recovering 14 to 16 points on short covering. Traders covered shorts amid a strong undertone, while reports of Texas deterioration and boll weevils weighed on demand as offerings grew heavy in a narrow market.
The Butte and Superior Company plans to raise capital from 250 000 to 350 000 shares by issuing 100 009 new shares at 37.50 each with a 24 September stockholders meeting to approve. Record date Sept 26 allows one new share per eight held. payments due Oct 15 and Dec 14 for installments. Funds to fund exploration and potential acquisitions of optioned properties near current holdings.
The money market shows little drama amid subdued initiative and demand. New York money on call sits at 2 3 4 percent with time loans easing to 3 1 2 to 4 3 4 percent for 60 days to six months. Current rates for commercial paper and New York and Boston clearings are listed with various discounts and balances.
Trading at the metal exchange was quiet with generally firm prices. Copper in late months rose modestly, tin gained half a cent in bid and three quarters in asking, lead up five points, and the smelter bid up 15 points. London closes showed copper up 12s 6d, tin up 3 2s 6d with sizable sales across futures and spot parcels.
Prices were generally firm in New York trading with most activity focused on Distillers 5s New York Railways adjustment 5s and Republic Iron and Steel 5s of 1940. United States Government bonds were also quoted in steady fashion.
The Public Service Commission of Ohio approves Cleveland Telephone Company to issue 900000 additional stock at par to raise total capitalization to 4 000 000. Proceeds will retire notes used for extensive improvements in recent years. Of stock outstanding before the issue, 2
Two candidates for the Democratic nomination for Lieutenant Governor filed with the Secretary of State. David I. Walsh of Fitchburg and Edward P. Barry of South Boston are the contenders. Walsh is a bachelor while Barry is married with four children.
The article profiles former Governor's Council member and lawyer Mr. Barry as he enters the race for the Democratic nomination for Lieutenant Governor. Barry is active in South Boston Citizens' Association with long city ties and statewide recognition, credited as a Pelletier supporter with solid campaign speaking ability.
The item notes Western Telephone & Telegraph Company ownership of 400 000 dollars and American Telephone & Telegraph Company holding 700 000 dollars with plans for elimination of Western stock by American T and T. Portland will sell 1.5 million dollars of 50 year 4 1 2 percent public dock bonds on August to improve waterfront docks and land. Keene Taylor & Co awarded 100 000 Annapolis 30 year 4 percent water bonds with Nelson Cook & Co of Baltimore as sole other bidder.
George W. Chesley of New Haven Conn member of Connecticut Governor's Foot Guards set a 28 consecutive bullseyes 1000 yards World’s record during the New England Military Rifle Association shoot. He won Winchester individual match and set the record on the 24th shot after a misstep. Weather was near perfect and delayed matches were completed before night.
Edward B McLean wins eight blue ribbons across all entered classes at Bar Harbor with a dominant opening day. Attending guests include Ambassador and Mrs. George Bakhmeteff of Russia. Philip Livingston of New York claims multiple top prizes. Notables from New York also among the winners. The 2:24 pace goes to Bob Sterling, owned by J. W. Metcalf, in straight heats.
Two divorce libels were filed yesterday in Dedham by Needham residents. Theodore Graham seeks separation from Abbie Graham on desertion dating from November 4, 1889. They married in Calais, Maine, July 31, 1890, and lived in Somerville. Lizzie Howard seeks divorce from Oliver Howard on desertion dating from November 10, 1897. They married in Holliston, December 24, 1885, and lived in Holliston and Medway. The Adventures of a Woman Playwright by Marion Fairfax is highlighted in next Sunday's Post Magazine.
Portsmouth August 20. The New Hampshire State Tax Commission under Governor Bass faced its first defiance as Newcastle selectmen refused orders to raise valuations. They stand by an $800 000 valuation and a $17 tax rate despite state directives, arguing the commission misreads local conditions and insisting Brown must show them.
A Woburn Hose 4 wagon collided with a stone post under the Highland bridge on Cross street East Woburn. The driver was injured and one horse killed as the fire team, responding to an alarm, swerved near the bridge.
In Haverhill on April 20 two wives named Adelard Labelle and James Bradley were shocked as their husbands reappeared alive after three days of mourning over supposed drownings at Chadwick's pond. The men, factory workers at Ruddock Shoe, said they spent the period with friends at a camp near the pond.
Meridian Street bridge linking East Boston and Chelsea reopened to team and car traffic after months closed. A steel draw span using modern electrical machinery replaces the 59 foot wooden span, 10 feet wide, improving navigation and reducing traffic delays.
The Commonwealth reduced forest fire losses to 50091 dollars this year by spending about 20000 dollars to establish and maintain 17 observation towers statewide for early fire discovery. The figures cover months preceding August 1 and show a drop from more than half a million dollars last year. The State House announced the plan yesterday.
Professor Ellen Hayes of Wellesley College astronomy, a Socialist candidate for Secretary of State, advocates cooperative living with a common kitchen. In a home interview yesterday she described plans to establish cooperative kitchens and criticized women as unprogressive.
The speaker argues for a domestic revolution to make housekeeping more economical and efficient. She envisions municipal water and light, cooperative cooking and meal sharing, a group kitchen, rented furniture, and co operative building as practical steps arising from socialist ideals. The tone reflects a call for practical, communal solutions to daily life.
The Narragansett Pier police chief Caswell announced the town’s annual crusade against gamblers. A council meeting preceded the move. one alleged gambler with a newly opened resort was ordered out of town. A saloon closed in the morning reopened and prospered later.
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