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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 21, 1916
Page
12
Market review notes broad gains across rails industrials and coppers with a wage dispute resolution eyed. It predicts continued prosperity into 1917 as allied borrowing gold inflows sustain demand and steel earnings rise toward 9 a share in 1916 1917, with copper sales strong and futures above 20 cents.
The Boston Post invites readers to send Monday inquiries on listed and unlisted New England stocks and bonds. Financial editor responses will be impartial and data based, with no market predictions or guarantees. Include full name and street address. Address to FINANCIAL EDITOR Boston Post Boston MA.
The Pullman Company still owns the Pullman plant in Chicago. July 31, 1915 balance sheet shows a $6.618 million profit and loss surplus, with depreciation reserves rising to $39 million since 1911. No extra dividend since 1910, though earnings are reported large. market signals do not indicate immediate extra payout.
Question regards bonds due May 15, 1913. Old bonds no longer exist after reorganization into Kansas City Railway Company and Kansas City Light and Power Company. Holders received 70 percent in new Railway bonds and 30 percent in new Light & Power bonds. New bonds trade about 95. Contact court representative H L Stuart, care N W Halsey & Co. Chicago, to seek participation if deposits are delayed.
Calendar item lists tides and celestial events with times and heights for morning and evening tides. Notes full moon dates and visible planets, including Venus Jupiter Saturn Mars and Venus in morning skies.
Shipping notices list numerous vessels including torpedo boat Rodgers and steamers Canopic Met calf Genoa Naples Palermo Gibraltar and others. Tow ing barges Passaic Stroudsburg Edge Water and more are noted with ports Newport News Portland Philadelphia Baltimore and Guttenburg referenced.
The funeral of the Rev. Joseph J. O'Connor of All Saints Church Roxbury is set for 10 o'clock this morning. A solemn high mass will be sung with Rev. Mark J. Sullivan as celebrant and Rev. William O'Connell deacon and Rev. Charles King subdeacon. The master of ceremonies is Rev. Edmund Daly, with the eulogy by Rev. James Lee. Bishop Anderson will pronounce absolution. The church choir directed by Rev. M J Scanlan will provide music. The body was viewed yesterday afternoon and is escorted by parish societies and Knights of Columbus pallbearers. The church was crowded for the wake and numerous parish groups attended.
A requiem high mass will be celebrated at 7 o clock this morning by Rev. John F. Duran at All Saints. The service will be attended by the parish children. The altar sanctuary and church proper are draped in black and white.
No. 123 schooner Marguerite Geyer sails from Salis bury Beach for a series of Atlantic and coastal itineraries. Multiple steamers and schooners including Idaho City of Newcastle Prince George Yarmouth and many tug and barge units are listed with destinations such as New York Boston Portland and Rockland and passing through Portsmouth Lynn Tacony and Beverly.
A large touring car owned by Christopher S. Ryan of 10 Bedford Street Lexington was stolen in the early hours yesterday. Police alerted surrounding towns and cities with a description of the vehicle, but no trace had been found by last evening.
Louis Cohen six of 50 Barton street was struck in front of his home by a bicycle ridden by Anthony J Romano of Wall street. He suffered serious nose injuries and was treated at Massachusetts General Hospital.
A war correspondent reports on Clyde shipyards racing to build giant fast warships and merchant ships. He notes women workers, secret fleets, and plans to overwhelm German naval strength with a vast, modern British navy after the war. He observes nonstop production across Clyde and other yards in Britain.
Haverhill police raided two gambling dens on Locke street. At 40 Locke street two men jumped from a second story window and escaped. George Cemlus and 21 others arrested. At 7 Locke street another raid netted 10 men and alleged proprietor George Chearles. All 32 to appear in district court tomorrow morning.
Charles E. Hughes spent a strenuous day in Los Angeles arriving from San Francisco. He visited church, hosted a hotel reception, drove 100 miles through Pasadena and Long Beach, toured the Los Angeles Museum, and did not reach his hotel until after the expected time. He met a crowded reception and a crowd filled the lobby outside.
The Connecticut River railroad will not accept the Boston and Maine reorganization plan. President William H. McClintock said he doubts the B&M will enter receivership unless leased lines accept the plan.
McClintock argues the Boston and Maine system cannot justify a receiver as it boasts 8 million in cash and solid earnings. The Joint Reorganization Committee proposed leasing line mergers into a new corporation with preferred stock and staged dividends, while Concord & Montreal and Connecticut River oppose including Hampden Railroad.
Boston Central Labor Union adopted resolutions opposing Governor Samuel W. McCall’s recent appointments to the Waterways Commission. They argued the appointees lack practical experience and that no practical man was chosen for the commission.
The resolution notes the governor's appointment of a commission to replace the port board and the council's confirmation. It cites the port boards’ failure to handle problems and waste of funds due to lack of practical men. It protests the appointments and their confirmation as no practical men were named.
Bunker Hill Lodge 404 of the Brotherhood of Railroad Trainmen praised President Wilson for seeking an eight hour day and a commission led adjustment to avert a nationwide railway strike. The Boston & Maine system meeting in Charlestown heard the plan, with a member serving in Mexico kept in good standing. Past President Campbell spoke, introduced by President Charles F Nelson.
The Fusilier Veteran Corps 50 50 Club members traveled by automobile to Popolatic Lake Medway for the annual outing. State Senator O T Mason of the Second Norfolk district gave the principal address. Members present included Captains Albert E Taylor John P Murray J L Molloy Oscar C Nordling J Albert Johnson H A Chester John F Pierce J Wicklund P Peaman A Anderson Major William H Phinney Sergeant 8 Swenson Dillon McCormack George H Hamlin John J Barry Charles J Jordan Charles McConnell Gustaf Folk.
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