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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 17, 1915
Page
13
The Idle Rich by Emmet F Hartes appears in the next Sunday Post Magazine as an up-to-date story of a cattle king and his romance set against stock market and salesroom rhythms.
Fresh activity appeared in Pomelyama convertibles and others, with mixed reactions across major issues. The bond market's turnover and prices moved unevenly as United States stear and Pacific issues showed fractional gains while German and other foreign lines traded erratically.
Market prices continue to sag as London exchange drops and local banks move gold from Ottawa. Remittances to London recover to above morning lows while heavy bond trading signals further European liquidation of U S securities. Stocks swing with few leaders, Mexican Petroleum gains while Union Pacific and Pennsylvania weaken late. New Haven’s minimum declines to 49.
Bond prices largely fell as available funds swelled the market. The Russian credit of 25 million absorbed some inactive supply while the best demand came from United States 4 1/2s and the new 4 1/2s. Total sales reached 2,828,000 par value and United States 8s and registered 4s rose about a quarter to a half a point on call.
Boston market shows further weakness with Tinsted Fruit near its minimum amid dwindling New Haven prices and a lowered minimum. noteholders seek extensions to avoid lawsuits as Edison stock announces rights and gold exports reach a record premium. Wheat strengthens with May futures near highs.
The trustees plead for noteholders to extend obligations to September 2, 1915 with 6 percent interest or exchange 65 percent for five year 5 percent gold notes of Maine Railways Companies due 1919. Four-fifths of the exchange stock converts to Maine Central Railroad stock by 1918. remainder non-convertible. Fractures settled by old Colony Trust fractional certificates. Notices mailed from Boston North Station managers.
The movement to deem wheat contraband of war did not hurt export prospects since Germany has not secured much of our wheat even under existing conditions.
February 16 quotes show brokers call loans 3 to 3 1/2 percent outside brokers 3 to 3 1/2 percent customers loans 4 to 6 percent collateral loans 4 to 6 percent commercial 1 3 4 to 4 percent year money 4 4 to 5 percent. Boston reserve bank 30 to 80 day exchange figures list substantial balances and sub Treasury credits with daily gains and losses across New York and Boston. Foreign exchange market was weak with rates for livres francs marks and guilders noted.
The article highlights a striking image of English and German troops fraternizing during Christmas. This peaceful moment is described as one of the war's most memorable scenes, showcased in color in the upcoming Sunday Post.
The Post and Bild Now campaigns influence Brookline development with seven new houses worth 80 000 dollars. James D. Henderson credits the campaign for revived building plans and related lending, noting institutions have 250 000 dollars ready to loan on construction mortgages at favorable rates before April 1. The Post is described as igniting prosperity and real estate activity across Greater Boston.
The Build Now movement urged by the Boston Post receives endorsement from the Boston Master Painters and Decorators and the State association. They cite idle labor and seasonal delays and urge immediate painting contracts to stimulate business and provide work, with attention to interior renovation and shop tasks. Henry B. Kelley and George W. Brooks sign the letter.
The Next Sunday Post highlights three feature picture pages of exceptional interest. The edition teases notable visuals and lasting impressions for readers seeking strong imagery and compelling photo journalism.
Brookline High School will compete in the New York interscholastic swimming meet under the New York Athletic Club on March 6. The Worcester Academy meet was postponed to allow Brookline swimmers to attend. The team recently won the national championship at Princeton and set several records.
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