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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 17, 1914
Page
14
A bank advert explains how capital determines stockholder liability for funds used to start and run banking operations. It is the second in a series presenting a live bulletin full of practical facts for depositors.
Rate increases are suspended with a tentative date fixed by the Interstate Commerce Commission. The update highlights Mexican Petroleum, Steel Common and Reading as weak spots and Western Union, Central, Leather and American Telephone as strong. Regional sales totals show New York and Boston figures with gains and losses among listed issues. Call and time money rates adjust in both cities.
After weeks of dull prices the New York market fell decisively as the Interstate Commerce Commission suspended the (%) rate increase until Sept 12. Eastern rail shares led the decline, steel and industrial stocks weakened on wage-cut reports, and European selling accelerated the drop. Petroleum and copper stocks showed weakness while bonds remained under pressure.
Boston traders moved to the selling side mirroring New York, driving general price declines. Bearish pressure hit Granby and New Haven stocks while Arizona Commercial and Woolen preferred rose slightly. Boston & Maine news weighed sentiment though the day closed only modestly weaker.
Market notes show Rumely Co and South Pacific among active issues with mixed prices. Seaboard Air Line and Union Pacific appear with varied quotes as investors track rail and manufacturing stocks amid broad trading.
Copper on the New York Metal Exchange remained dull with spot at 14.12 to 14.62 for May delivery. Tin stayed easy with spot around 40.35 to 40.75. electrolytic and lead bids varied slightly. Iron prices showed normal ranges for Northern and Southern No 1 and No 2 steel, with several bids near 15.00 to 15.25.
Trading opened with heavy selling following news the railroad rate case decision is postponed to September 12, dampening railroad optimism and sparking weakness in industrials. Western Union rose on management upturn. New Haven reported a December quarter deficit but improving operating costs. The Interstate Commerce Commission delayed a 5 percent Eastern rate hike, easing immediate bull pressure.
Mass Mining Co reports from Houghton that operations will restart at the property in a few days after a shutdown since July. The note outlines stock changes for National Carbon Co and ex dividend details on Union Pacific and Southern Pacific securities. It also covers Androscoggin Pulp’s Massachusetts incorporation and NYSE listing plans for New York Westchester & Boston Railroad bonds. Edgerly Crocker offers a stock reference folder.
Erie and Pittsburg Railroad declares a quarterly dividend of 12 4 percent payable March 10 to shareholders of record February 28. Lake of the Woods Milling Limited pays 13 4 percent on both preferred and common shares with March payment to holders of record February 21. Moline Plow Company announces 13 4 percent on first preferred stock payable March 2 to record February Whyte Falls? Pittsburg Youngstown and Ashila Railway declares 13 4 percent on preferred stock payable March 2 to record February 20. Standard Oil of New Jersey pays a quarterly dividend of 1 1 2 percent on March 16 to record February 20.
The report notes futures in Liverpool with February through August contracts and New York prices for March through July. Trading activity shows 10,000 spots sold and a nearby rise with mixed open and close figures across the months.
Morrison I. Swift pushed four bills in a social welfare committee session including treating poverty as a disease and creating a new physician type to fight it as an economic issue. Other topics included abolishing the Boston Transit Commission and reorganizing state social centers.
Charles H Marston enters the Exchange Trust Company as assistant to president J J Martin. He began at Shawmut National Bank 30 years ago and became auditor after the bank’s name change. He has led bank officers and served as national secretary of the American Institute of Banking.
William Dobinski of South Boston was invited into a doorway at 56 Davis Street about 11 last night by Tisadore Whiteside. Dobinski was pummeled and robbed of about $5 in small bills and coins. Whiteside, 22, of West Second Street, South Boston, will be arraigned in local court this morning.
After a 74 year marriage Mrs Bertie Harvey of Milton filed for divorce in Norfolk Superior Court Dedham accusing John E Harvey of unfaithfulness. She also seeks custody of their three children.
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