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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 24, 1913
Page
26
Daily and year to date stock totals for New York and Boston are shown with most active issues Reading and U S Smelting. Gains and losses include Reading Calumet & Hecla Greece Cananea, with call and time money rates in New York and Boston.
Stock market rallied late after hours of slow trading as Reading moved higher on Readings reports of potential settlement with the government versus prior court action. Eastern rails weakened on earnings fears while Southern Pacific posted November net declines and a surge in idle freight cars.
The New York market mood lifted Boston's list with copper stocks showing resilience. Amalfa-Mated led gains aided by New York executives, while Lake Superior group, North Butte, and Smelting common posted solid advances. Copper's fractional rise aided the rally, with Allouez Calumet Hecla Mohawk Quincy and others advancing. but overall the market closed with a very strong tone and notable gains for Telephone Massachusetts Electric Boston & Maine and New Haven.
New Haven Connecticut December 24 Mrs Francis Wayland presented to Yale University a collection of Palestinian pottery in an announcement tonight Mrs Wayland is wife of the former dean of Yale Law School the late dean had long served Yale in that capacity
Yesterday strong market activity built on last week’s rise, with Reading jumping to over 170 and near its yearly high. Steel, Union Pacific, Amalgamated, and Norfolk & Western saw varied moves while copper prices rose on technical demand. US Steel’s profit sharing plan set stock prices, and idle freight cars surged, signaling slowing business. Reading, Steel, Union, and Amalgamated led declines for bears, with copper prices and freight-car surplus shaping sentiment.
Pittsfield Mass will take bids by 11 a m December 27 for a temporary loan of 30009 dated December 29 and maturing May 8 1914. New York Stock Exchange listings include Bush Terminal Buildings Company 900000 first mortgage five percent bonds due 1960 and Delaware Lackawanna Western Railroad 12000000 capital stock issued January 6 1914 with full payment noted. Carolina Clinchfield Ohio Railroad 13600000 first mortgage five percent 30 year bonds due 1938 with authority to add 1500000 of bonds after sale. Akron Ohio plans bids January 3 for 1250000 water works bonds dated December 18 1896 and due 1918 37 inclusive.
The market shows firmness in Atchison press central leather Reading and United States Steel issues, with Norfolk and Western convertibles weak. Government bonds remain steady as traders note varied tone in distiller issues and mixed performance in rail and industrial securities amid a broad turnover of roughly $1.9 million in the latest session and monthly totals near $490 million.
The foreign exchange market was easier with bankers reporting afternoon rates. Sterling cables quoted at 4.86 dollars with demand 4.8515, 60 days 4.8115, and commercial bills 4.80. Francs at 5.21 percent, marks at 9.45 percent, guilders at 40 1/16 with 1/16 decline.
Discussion centers on whether New England should obtain a regional reserve bank under the currency act. Opinions vary on the need and feasibility, with debates over creating a Boston bank or joining a New York reserve bank alliance to form the strongest regional presence.
The Cities Service Company earns 10.51 percent on common stock for the year ending Nov 30 1913. The 12 months include 11 months on old basis and one month on the new basis after acquisitions. Preferred stock outstanding 27,368,426 and common stock 15,718,380. Net to stockholders and surplus figures are listed with earnings per notes and dividends reflected.
Congressman James M Curley announced last night he would recommend several youths for appointments to West Point and Annapolis. For West Point candidates include Principal David Collins and Thomas J Donovan with alternates Howard G Berry Jasper H Fritz Joseph D Gavin Arthur Pettingill and others from Dorchester and South Boston. For Annapolis candidates include Walter S Crane Jr and John H McCarthy with alternates Philip Spang Philip F Maher Edward Dowling Gibb James Devlin Frederic Dugan and John Faherty.
SOUTHBORO Dec 24 Mrs C W Whitney shot and killed her 11 year old daughter Alice today while cleaning a rifle The shooting occurred as Mrs Whitney wife of Clifton W Whitney a Boston publisher spent time this morning shooting rats The rifle exploded while she extracted a shell from the magazine The bullet struck Alice in the heart and she died instantly
Cambridge police led by Captain James E Murray moved to 15 Brattle Street last night using sledge hammers and crow bars to force entry. Officers reportedly sent 10 gond loads of men and furniture as part of the raid on a nearby gambling house.
In Roxbury two accidents within 15 minutes yesterday afternoon killed 11 year old Samuel Cohen of 97 Windsor Street. He was struck on Tremont Street by a car driven by Joseph G Hardman and died instantly. The driver J M Linscott of 163 Columbus Avenue faces manslaughter charges. A second crash near Jackson Square at 5 pm injured 35 year old Martin Donahue of 181 Center Street, struck by a car driven by Albert Gordon of 5 Waverly Street. Donahue has an eye scalp wound and other injuries and was taken to City Hospital.
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