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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 30, 1912
Page
12
Market views from Thompson Towle I M Taylor Wiggin Elwell Hayden Stone J Bache reflect optimism on near term stability and a firmer undertone while signaling a late year rally potential. They warn of next year’s likely demand slowdown, with mixed prospects for individual stocks amid tariff sensitivity and broader upward currents after adjustment.
Last week showed little price movement with a narrow range for rails and industrials and light trading volume. Brokers expect future gains as money tightness eases after year end, with large dividend payments and a coming demand for long term financing into the next year.
Amid December’s high, analysts foresee steady demand for bonds as year-end settlements loom. Banks prepare for Jan disbursements, with limited market movement until the Union Pacific plan, Minnesota rate ruling, and tariff/trust decisions clarify. Experts see cautious optimism for January with potential bull activity once money market pressures ease.
Chicago City Ry notes 11 2 per cent and 1 per cent. Continental Pass Ry shows 3 dollars. Electrical Securities Corp 2 per cent. Kanawha & Michigan 21 2 per cent. Lanston Monotype 11 2 per cent. N Y and Honduras Rosario Mag 2 per cent. U S Steel 11 4 per cent. Union Switch and Signal 3 per cent and 10 per cent in com stock. J I Case Threshing Machine pfd. Great Northern Ore. Books Close Jefferson and Clearfield Coal and Iron for mtg.
The Harvard Club of Boston announces a facade plan with limestone trim on the first story tops and tracery, brick on upper stories. Located on Commonwealth avenue near Massachusetts avenue, work will start soon with George A. Fuller Construction as general contractors, aiming for occupancy before the next Harvard Yale game.
Nearly 200 members of the Inside Iron Workers Union of Boston met in Hancock Hall at 2 North Russell Street and voted unanimously to affiliate with the American Federation of Labor.
A meeting set for 10 o clock next Sunday in the same hall where about 3000 iron workers are employed on fire escapes awnings and metal window frames to discuss a demand for higher wages and better conditions. Boston speakers Frank McCarthy Austin Kaveney and John Tobin urged affiliation with the union. Tobin noted past strikes failed due to weak organization. Boston workers earn 9 to 12 dollars weekly, some up to 24, while unionized cities pay 66 1/2 cents per hour plus overtime.
James Duncan of Quincy, former international AFL VP, will deliver the dedication address at Calvary Cemetery West Roxbury for Frank B Monaghan memorial monument erected by the International Union of Steam Engineers of which Monaghan was former international president and editor at his death. International President Matt Comerford and Secretary James G Hanahan will also speak at the grave or exercises at the Revere House in the early evening.
Boston Teamsters Union 25 members vote to accept a compromise affecting about 65 percent of its 3000 members while still demanding a $1 wage raise. Officials warn of possible New Year strike if wage talks fail. Elevated workers also unhappy with weekend time ratings and threaten action if ratings aren’t changed.
Old Colony Lodge of the Brotherhood of Railroad Clerks yesterday elected officers including President George W. Bassly for a tenth term and Vice President H. J. Townsend. Recording Secretary George R. Starkey for sixth term and Financial Secretary Charles Cramm and Treasurer Edward W. Brady also elected. remaining officers to be announced at the Sunday meeting on January 12.
The labor ranks back a senate guild to curb corruption and conservatism. A slate of bills includes eight hour day, 54 hour week for women, child labor limits, anti injunction, peaceful persuasion and picketing rights, trades dispute settlement, city planning fees, tax exemption on homesteads, barbers license, and health and safety inquiries. Secretary Joyce and vice presidents urged collaboration with Governor for labor representatives on the state conciliation board. Additional measures seek pensions for widowed mothers, uniform child labor laws, and campaign reform.
Boston C L AU unionizes and forms a grievance committee in a push to organize all garment crafts in the city. The International union signals readiness to strike, with $60 raised for the Quincy Free Home for Consumptives and an organizer to bolster the Boston book and job branch.
Washington December 29 Postmaster General Frank H Hitchcock said the parcels post system starting January 1 will require year round preparation. He believes the department can handle the enormous increase in mail matter and is confident the task will not be too great.
The trial details a vast conspiracy by the Iron Workers union to destroy property with dynamite. Key figures John J. McNamara and Ortie McManigal face heavy sentences. appeals planned as bonds and court actions proceed. The case cites strong union ties, jail conditions, and anticipated post verdict moves.
St Peter's School alumni in Lowell host reunion and banquet with speakers including Boston College president Rev. Thomas T. Gasson S J and others. Cardinal O'Connell to attend the Mechanic's Hall reunion Jan 22. St Mary's North End choir performed Nativity cantata. BC faculty return after Christmas. A lecture by Hon David I Walsh at BC Hall Jan 19 presided by Rev William Conway S J closes the Guild of St Radegonde series for nurses.
Following the Indianapolis conviction of 38 labor leaders an unofficial Los Angeles notice said Ortie B. McManigal the star witness who exposed key evidence against the McNamara brothers was released as a reward for aiding the prosecution He is held in Indianapolis likely to be brought to Los Angeles to testify against Anton Johannsen and the Burns agency may offer him a detective post Indictments in federal court Jan 13 name Olaf Tveitmoe Eugene A Clancy J E Munsey and Anton Johannsen with conspiracy to transport dynamite across state lines Proceedings on three former labor officials will continue indefinitely while Johannsen case will be set for trial and McCormick will direct prosecutions accordingly
The Rev Dr A A Berle will be the orator for the Emancipation Proclamation 50th anniversary celebration at St Mark Congregational Church 1042 Tremont Street Boston under the Boston Literary Association. James Taylor baritone and Miss Fidel Hardy soprano will sing. Proclamation read by mes Minner, address by J D Barnett. Public invited.
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