Focal Bank Statement Highlights Loan and Deposit Totals
The bank reports loans totaling 220.514 million and circula deposits of 184.555 million. Due from agents registered at 29.028 million and Sos legal tenders at 4.225 million.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 16, 1913
Page
14
The bank reports loans totaling 220.514 million and circula deposits of 184.555 million. Due from agents registered at 29.028 million and Sos legal tenders at 4.225 million.
The Licensing Board yesterday sent notices to fourth class liquor licensees ordering an end to giving customers liquor to drink on premises. The circular cites reports that some licensees were providing complimentary drinks to patrons.
The Torrington Company announces a semi annual dividend of 449 on its preferred stock payable January 1 1914 to holders of record at the close of business December 22 1913 Transfer books close December 22 1913 and reopen. Vincent Lesto? Treasurer. December 15 1913
American Telephone breaks five points with total shares traded in New York 289 600 and Boston 23 397. Reading leads New York activity at 50 900, while Am Tel and Tel tops Boston. Gains and losses include General Chemical up 3.5 points and Am Tel and Tel down 5 to 110.5. Call money and time money figures shown for both cities.
American Telephone fell 5 points to 110 as Canadian Pacific slid 5, Western Union down 5 8 to 56 1/2, and Amex touched 103. Major Dow stalwarts like New York Central and Pennsylvania posted declines while New Haven rose over a point on bargain demand. Traders remained bearish with recession talk and currency bill fears, though banks posted strength in the latest weekly statement.
Colonel James H. Walbridge a California pioneer who operated the first power printing press in San Francisco died at his North Bennington home today He was 86 years old.
Market notes list spot and future prices for metals including tin and electrolytics with varied bids and offers. Pricing snippets cover December January February March and noted figures such as 14.17 14.57 14.50 for electrolytic tin and 37.60 37.90 for tin. antimony and lead listings appear incomplete.
Local exchange shows sharp selloff led by American Telephone with 9 117 shares traded and a drop to 1101 4. New York weighs on Boston, many issues fall including Boston Elevated and Maine Central while New Haven rises 1 18 points to 681 8. Copper shares slip as overall tone stays weak at close.
The article details sharp drops in American Telephone to 110 1-2 and other New England concerns like New Haven, Boston & Maine, and American Sugar. It cites widespread local investor losses, fear of government takeover, and evidence of persistent buying amid declines. It also notes a large Massachusetts ownership of American Telephone stock and a 1913 crop report.
Dr. Franklin B. Dyer, superintendent of schools, won a three to two vote defending his sole right to appoint new positions without board consultation. The board approved his appointment of William L. Anderson as head of the new assignment overseeing compulsory continuation schools under the child labor law. Anderson comes from Dorchester High School with a $3482 salary, and will organize the program for youths 14 to 16 required to attend four hours weekly starting next September.
The dryhouse of the North Butte at the Speculator shaft was destroyed by fire on Saturday, causing a loss of about £7000. Operations are not affected. Parker & Co. have moved back to remodeled offices at 78 Devonshire Street. A new converter at the Washoe reduction works started Saturday with first metal poured Sunday. Dome Mines reports $121.00 gold in November vs $118.20 in October. Davis Daly ships 300 tons of ore daily, mainly from the Hesperus vein. The first eight days of December exceed the entire December of the previous year. W W Straus & Co. distributes a book explaining the federal income tax for investors.
An unusually successful bazaar was held yesterday at the home of Mrs. W. J. MacDonald in Alliston to benefit the Massachusetts Society for the Prevention of Cruelty to Animals. Supper served until nearly 10 p m. Over 3 attended the day sale and evening auction of donated paintings brought good prices.
In South Boston on December 14 John J Casey son of Catherine A and the late John Casey aged in his 17th year. Funeral from 290 Est Wednesday December 17 at 9 15 am with services at Gate of Heaven Church at 10 am. In Dorchester on December 15 Edward J O Brien husband of Adelaide O Brien. Funeral from 51 Tuttle St Wednesday December 17 at 8 15 am with services at St William's Church at 9 am. In Everett on December 25 Mrs Ha Moore nee Gosbee funeral notice appears.
Chairman Elliott announced a halt to all improvements on the New Haven and Boston and Maine railroads due to lack of funds. He said the company is examining separation of the lines, surrender of steamship ownership to the Commerce Commission, and delaying electrification until finances and corporate status are clearer.
Wresh groundfish arrivals at T wharf yesterday were substantial and prices fell from Saturday. Haddock and cod quotes eased while hake and pollock stayed low. A flotilla of 25 schooners and a beam trawler added to Sunday and Monday catches, with cusk and scrod reported in good quantities.
Shipping news item enumerates steamers, tugs, schooners, and barges along with owners and home ports. Mentions vessels such as Afghan Prince, Tamaqua, Neshaminy, Allentown, Vesta, and Bessie J. across routes in Boston Halifax New York Baltimore Philadelphia and more. Several ships are noted with owners or captains and towing barges numbers 790 782 783 700 703 742 780 786.
The State faces a record tax burden with social and educational costs rising. Auditor White sent estimates to Governor-elect Walsh and the council-elect, noting regular and special purpose expenditures exceed last year by 3,325,318 dollars, with last year’s total at 8,000,000 dollars, the highest on record.
The State Board of Economy and Efficiency conducts a deep review of state institutions while department heads submit estimates over 3 million dollars above last year's appropriations. Special funds for new work, mainly public buildings, totalled 1,756,721 with over 1,000,000 unexpended. Building activity across institutions is extensive and requests for more construction rise.
The schooner Charles Luling wrecked Sunday on Middle Ground Shoal Vineyard Sound will be a total loss. Owner O A Gilbert of 160 State street reported the ship's destruction after Captain Greenlaw and a Vineyard Haven wrecking crew recovered only a small portion of the top hamper. The vessel valued at 3500 dollars was insured. its coal cargo, destined for Falmouth and worth 1600 dollars, was not insured.
The annual report shows the junior fleet saved 327 people and assisted 2755 aboard vessels during the year ending June 30. Officers boarded over 25,000 vessels, with total aided vessel value and cargoes at $10,607,710. Maintenance appropriation was $2,474,857, leaving an unexpended balance of $3,324.49.
Brookline police seek a snatch thief who took a handbag from Miss Annie B. Dorr of 15 Linden Street as she walked near the police station on Washington Street. A well dressed young man approached from behind and grabbed the bag containing a small amount of cash.
Cabinet members and Congressmen proposing government ownership of telegraph and telephone services are blamed for weakness in American Telephone stock. The Post interviews a prominent AT&T director to address investment implications, with a special article to follow in tomorrow’s financial page.
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