Non Taxable Securities Debate Across New England
An editor notes Massachusetts leads securities taxation with non taxable stock rules and calls for constitutional change to tax income rather than value. The piece surveys state approaches from Maine to Rhode Island, cites bond relief law uptake fears, and lists representative non taxable stocks while warning against investment suitability.
MENTIONED IN THIS ARTICLE
Massachusetts
New England
Maine
New Hampshire
Vermont
Rhode Island
Connecticut
Boston & Maine
New Haven
Taxation Proposal Aims Equal Rates on Securities
The article argues for a uniform income tax on securities with a 3 per 1000 rate for bonds, applied to all income to avoid confiscating low yield investors. It notes state and municipal bonds offer safety and fair net yields, attracting cautious investors as current law pushes them toward non taxable issues.
MENTIONED IN THIS ARTICLE
New York
Swift & Co Bonds Offered for $10 Million
Potter Choate Prentice White Weld Co and First Trust Savings Bank of Chicago offer $10 million first mortgage sinking fund 5 percent gold bonds of Swift & Co at 96 yield about 5.27 percent. Bonds due July 1 1944 redeemable at 102 1 2 with interest on three months notice. Aggregate mortgaged property valued over $47 million. Swift covenants net quick assets at all times at least equal to bonds outstanding. Net quick assets Sept 26 1914 were $42,112,624 and net earnings for year ended Sept 26 last applicable to bond interest were $9,887,500. Beginning July 1 1915 sinking fund 2 percent of bonds issued annually. Bonds backed by $75 million capital stock with 29 years of dividends.
Metals Markets Report February Prices and Quotes
New York prime copper for prompt and nearby months runs 141-2 to 143-4 cents, with casting at 141 1-4. Electrolytic copper prompt 141-2 to 1460, and March April 1440 to 1460. Lead at New York 2.80 cents, outsiders 3.80 to 3.85, retail 4. Straits tin 36 1/2. Aluminum 19 to 19 1/2. Nickel 40 to 45. Bismuth 2.75 to 3. Cadmium 1.25 to 1.75. QuickSilver 9. No. 1 Northern iron Boston $15.50. No. 2 $15. Southern iron Birmingham $10.05 No. 2 $9.50 to 10. Additional $4.25 on Southern iron docks Boston Providence and 40 cents to $1 for teaming freight. Coke $6 to 6.10 per ton.
MENTIONED IN THIS ARTICLE
New York
Prime Lake
East St. Louis
Boston Common
Birmingham
Southern
Boston
Providence
Connellsville
F. C. H. Roston
Copper exports and firm expansion report
Exports of copper from New York in the week ended February 2 totaled 6,196,596 pounds versus 7,918,714 the prior week. Jackson & Curtis opened an office in Worcester in the State Mutual building led by Robert J. Thorndike and Fordyce T. Blake with private wire to Boston and New York. Kaufmann Department Stores stockholders voted to reduce capital from 9,900,000 to 9,000,000 by retiring 100,000 of preferred stock.
MENTIONED IN THIS ARTICLE
New York
Jackson & Curtis
State Mutual
Worcester
Robert J. Thorndike
Fordyce T. Blake
Boston
Kaufmann Ihpartment Stores, Inc
Bond Market Notes Show City and State Bond Sales and Bids
The Wilmington Building Commission awards 302 bonds at 3 12 per cent to N W Harris at 103 881 with other bidders named. Montana Power sold 6 million first mortgage bonds to J W Seligman and others. Schenectady sold park and fire bonds to Farson Sons at 102 28 and 100 48 respectively. Manchester notes sold to local banks at 3 45 per cent discount with bidders listed. Portland Water Company issued bonds sold to Paine Webber at 99 86. Albany County sold 300 000 412 per cent bonds to N W Harris at 101 95. Barre invites bids for temporary loan 47 500. Hampden County awarded 100 000 notes at 3 05 per cent discount. Nashville funded 978 000 bonds to a syndicate at 1 012 305 80.
MENTIONED IN THIS ARTICLE
Wilmington, Delaware
Schenectady
N. Y
Farson, Sons & Co
Manchester
N. H
Manchester Savings Bank
Amoskeag Savings Bank
Merrimac River Savings Bank
First National Bank
Farmers Loan & Trust of
New York
Old Colony Trust of
Boston
Bernard Scholle & Co
Blake Brothers & Co
Portland, Maine
Albany County
N.Y
N. W. Harris & Co
Hampden County
Mass
Jackson & Curtis
R. L. Day & Co
Nashville, Tenn
EB. H. Rollins & Sons
N. W. Halsey & Co
Equitable Trust Company of
Nashville
Grain prices in early trading reported by markets
Wheat grades show No 2 red 1.62 with 1.6334, No 3 red 1.61 1.63 percent, No 2 hard Winter 1.63 1.6434, No 3 hard Winter 1.624 1.6314, No 3 Spring 1.54 1.57. Corn values list No 2 yellow 7734 79e, No 3 white 7644 77e, No 3 yellow 7432 7640, No 3 white 75 76c, No 4 yellow 73 7440. No 2 white 0% 60c, No 3 White 59 60c, No 4 White 59 50 1c, standard 60 60%40.
Haddock Cod Pollock List From Historical Ledger
Fragmentary OCR lists many names and numbers including Haddock Cod Pollock and individuals such as Muriel, Hammond, Gorton, Maury, Santos, Rose Standish, and Whart. References to amounts like 82,000 8,900 2,000 and prices or quantities appear in a ledger-like format. The readable portion resembles a commerce or inventory snippet with multiple names and figures.
MENTIONED IN THIS ARTICLE
Haddock
Cod
Pollock
Muriel Yssweeee
de Gosta
N, Hammond
Deeeer
T. Gorton
CIA
Growth of Busy Wharf Area Signals Expansion in Trade
The crowded wholesale zone attracts crowds of white coated salesmen and workers as three new stores near the wharf prepare to open. Captain Hiscoe of the Leyland liner Bohemian reports docking Friday with nine cabin passengers and 3100 tons of cargo. The Lighthouse Department plans new spar buoys near Long Island head and Scituate Harbor, with specifics on depth and locations. Lloyd's Register notes global vessel launches in 1914.
MENTIONED IN THIS ARTICLE
Hiscoe
Bohemian
United States Lighthouse Department
Long Island Head
Scituate Harbor
Wacn
Lloyd's Register of Shipping
Shipbuilding totals show drop from prior year
The report notes 480 000 tons less than the preceding year and 200 762 tons launched in the United States, about 76 000 tons under 1913. Eleven vessels were launched in this State and Maine, with most building in Virginia and Maryland. Warship tonnage is excluded. The Landsman.
MENTIONED IN THIS ARTICLE
United States
Maine
Virginia
Maryland
Shipping News Items From Multiple Steamers and Tugs
Shipping notices list steamers and tugs sailing to New York and other ports. Varying vessels including Dahlquist Lubeck Ger Copenhagen Kershaw Johnson Nor folk Belfast Crockett Winterport Governor Dingley Portland City of Gloucester Jinnekin Neponset Sears lynn and barges Canisteo L. & W. Co. Nos 10 12 and more. Some sailings toward New York and Savannah with tow lines and discharging at various ports.
MENTIONED IN THIS ARTICLE
Dahlquist
Lubeck
Ger
Copenhagen
Kershaw
Johnson
Norfolk
Belfast
Crockett
Winterport
Dingley
Linscott
Portland
City of Gloucester
Jinnekin
Gloucester
Neponset
Sears
Lynn
Canisteo
New York
Honey Brook
Wentworth
Salem
Boston
Yarmouth
City of Augusta
Savannah
Nantucket
Puscan
Philadelphia
H. FH. Dimeck
Melderskin
Melrose
Baltimore
Bristol
Newport
F. c
Easton
Mt. Hope
Sotus
Newasket
Greenyar
V. Oe
H’d. Haley
Also Mentioned on This Page
City OF
Blodget & Co
State Street
Curtis & Sanger
Congress Street
State of
Crand
Telephone and Telegraph
Financial District
American Telephone Eeee
Arlington Mills
Charlestown Gas & Elec
Douglas Shoe
Draper Com
Puget Sound
TS & P
J. S. Orler & Company
Boston Safe Deposit & Trust Building
Devonshire Street
American Manufacturing Co
Walter Baker Company, Ltd
Renfrew Manufacturing Co., Preterren
Richardson, Hill & CO
Swift & CO
MacKay Companies
Postal Telegraph-Cable Company
Inc
Metal Markets
Financial News Notes
Barre
Chicago
New Fish Pier
T Wharf
T Wharf Fish Pier
Hea & Mildred
T Whart
First Mortgage
Swift & Company
First Trust & Savings Bank
South Omaha
Kansas City
South St. Joseph
South St. Paul
Denver
Milwaukee
St. Louis
First. Trust & Savings Bank
Potter, Choate & Prentice
Wall Street
White, Weld & Co
Shipping News
Springfield Gas Light Co
Purchase Street Trust
New Bedford
American Mfg. Co. Com
Plymouth Rubber Co
Canton Junction
Earnest E. Smith
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