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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 15, 1913
Page
14
The Boston Post announces a weekly Monday column answering inquiries on listed and unlisted stocks and bonds of New England industrial firms, banks, utilities, and mills. It promises impartial data, disclaims market forecasts, and requests full name and address for submissions to the financial editor.
Question No 271 explains that with a Lynn Massachusetts receivership triggered by default on the 27 million dollars in notes maturing February through June, a receiver would be appointed and stockholders must settle with creditors or relinquish control. The outcome depends on creditor demands. no advance answer is possible.
The Boston Post announces a Monday feature listing selected investment issues from leading bankers. It notes the notices are not guaranteed or paid ads. Items include Cities Service Company notes, East Ohio Gas first mortgage bonds, Gardner Electric Light preferred, Norfolk Southern 5% bonds, Rockford Interurban bonds, Bell Company of Canada bonds, Texas Power & Light 5% bonds, Virginia Railway and Power 5% bonds, and more.
The market advanced to a high last week but fell back as New Haven dividend news and calls for government control spooked investors. Rail stocks Boston and Maine and New Haven face earnings pressure, with confidence in future gains tempered by earnings vs capitalization. Central banks show diverging policy while Germany strengthens cash positions. US cash to loans at a 30 year low signals potential European dependence if business slows further.
In two large meetings in Boston, about 5000 people protested the Burnett Dillingham immigration bill before Congress. Speakers including James M Curley and Edward P Barry urged defeat, hearings, and a Wilson veto if needed. They cited patriotism and immigrant contributions, framing the bill as inhumane and harmful to the nation.
Commonwealth and four New England states join Interstate Commerce Commission in a conference urging a rate increase for the Boston & Maine. The report says the line is bankrupt under current rates and outlines a two-class local rate plan, asset reviews, and calls for management reform. It warns revenue gaps may force a reorganization or receiver if no relief is granted.
The report notes rapid declines in common stock equity valued as goodwill, similar to Rumely and Goodrich trends after a boom and subsequent market reaction. Some firms avoided dividends to redirect earnings into property, restoring value slowly, but investors face long waits for secure returns. A large influx of inquiries asks about American Telephone and Telegraph under government takeover. a detailed special article is planned. Services in Finnish were held with Pastor John Vannanen presiding. church meals followed.
Charles H. Moyer, head of the Western Federation of Miners, outlined a three part arbitration proposal for the copper mine strike. He said operators rejected it. Miners would appoint two arbitrators, operators two, and one chosen by the Governor or the U S President. A scheduled demonstration was postponed to next Sunday due to unavailable meeting halls.
Ninety carloads of pecans totaling about 2,500,000 pounds were gathered in central Texas this year, producing roughly $200,000 in payments to growers. The prize tree and owner details appear in the report but are illegible in parts of the clipping.
Reuben T. Palmer a wealthy manufacturer of New London Connecticut whose wife had secured a divorce recently died at the Revere House yesterday afternoon from pneumonia.
Palmer registered at a hotel three weeks ago and fell ill last week. Despite friends urging care, he refused medical help until Saturday when Dr. G B Bowles was summoned but found the case hopeless. The disease had weakened him beyond recovery.
Reuben T. Palmer Jr. prominent New London businessman dies at the Revere House in Boston. He was son of Reuben T. Palmer of Williams Street, brother to Mrs. Albion H. Allen and Miss Emma Palmer, and husband of a recently divorced wife. Survived by two sons Reuben and Harold N and a daughter, Mrs. Margaret Palmer Whitney of New Orleans, with twin brother Tyler Palmer deceased earlier. They ran a large squibbt mill at ok bien Methodist phreeta.
Reuben T of New London retired from the quilt mill and went into real estate. His son Harold, a member of New London Lodge, No. 30, B P O E, traveled to Boston to bring his father's body to New London. The Palmer family long resided in Pequot and Oswegatchie colonies.
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