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This newspaper page contains 23 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 26, 1917
Page
12
International Paper Company announces a plan to consolidate bonded debt under one mortgage and offers bondholders exchange into new First and Refunding Five Per Cent Mortgage Bonds. It also proposes cash and stock payoffs to preferred stockholders upon deposit of shares with Bankers Trust Company.
A committee represents holders of International Paper Company preferred shares in approving a plan to pay and refund bonded debt and adjust deferred dividends. Holders should deposit certificates with Bankers Trust Company by March 10, 1917 to assent without further action. Questions answered by the committee secretary. counsel listed as Stetson Jennings & Russell.
Weekly feature outlines that Monday inquiries cover listed and unlisted New England securities and related topics. It promises impartial data from trustworthy sources, notes no market price opinions, but asks for full name and street address to be included in letters to the financial editor at the Boston Post.
The answer notes Conda has long production history while Inspiration began production in June 1915. both have capitalization items described.
Anaconda holds more than 2.3 million shares while Inspiration has about 1.18 million. Anaconda produced roughly 330 million pounds of copper last year at 19 to 11 cents per pound, Inspiration over 120 million pounds at about 8 cents per pound. Per share earnings are near $20 for both, with $8 dividends. Market risks suggest the dividend may be hard to sustain at 15 cents.
Market review notes little net change after a week of narrow trading with minor volatility amid holidays. Analysts warn that continued side movement points to a bear market bias, while a secondary bull swing could briefly resume an upward tilt if confidence returns or external shocks stabilize.
The report states $16,000,000 notes due March 1, and that the company is prepared to liquidate with no funded debt. Inspiration has its funded debt converted to capital stock. Anaconda, owning 150,000 Inspiration shares, expects about $32.50 per share for the year, with dividends from Inspiration boosting its income, while Inspiration’s next year earnings are not estimated but the company is sold well ahead.
Alaska Gold has not met management and stockholder expectations since its 1915 boom. The ore yield fell from anticipated 1.75 to about 1.0 to 1.95 per ton, delaying dividends. Mergers with Alaska Juneau were discussed but did not occur, and D C Jackling described the project as a long-term development needing gradual execution.
The transit operator faces impaired investment value as earnings lag behind rising capital costs. Heavy tunnel and subway rentals to the city, rising operating expenses, and low fares squeeze profits for stockholders. State relief options include tax remission, selling Cambridge subway to the State, bond issues, and real estate sales to ease burdens.
A boxer struck the referee after an unsatisfactory decision while noting that boxers face harsher punishment than players in other sports for similar anger. The text argues that athletes in other fields label such actions as excitement or temper rather than fiendish intent.
Friends of Jack Dempsey allege Jim Flynn scored a first round knockout by a handshake blow. They argue Flynn, a fireman, is unlikely to commit such a caper given his history of fairness despite rough boxing style.
The article recalls early 1900s talk of standardizing golf balls after a new ball flew much farther, prompting course redesigns at Prestwick and other links. It notes potential effects on scoring, club choice, and course features, predicting future debates on standardization and its impact on the game.
Golfers push for longer play as courses grow beyond 6350 yards. Architects and manufacturers claim new balls and traps can extend distance while keeping courses playable. Trials were reported recently, suggesting a ball with remarkable flight has been found.
New York announces outfielder David Robertson, the last unsigned player, has signed for the 1917 season. He will join the training camp at Marlin Texas next Friday for pre season workouts.
Harroun Motors announces portion of treasury stock available at 7.00 per share until further notice. Company plans to raise price to 8.00 and pay 10.00 when Harroun cars begin production. Certificates issued by Equitable Trust Co. and Harroun acting as fiscal agent. Plant reportedly on schedule for March 1 completion and full production by month end with 15000 cars on firm contracts. The car will be sold through major dealers nationwide after Rio, New York and Chicago exhibitions and Detroit, San NCSC shows.
Remittances should be mailed at once to Harroun Motors Corporation Office of the Treasurer 50 Broad St New York City or via any national or state bank trust company established brokerage houses and Harroun Securities specialists for convenient payment.
Waterfront calendar lists tides morning 10 ft 9 in and evening 6 in. Morning star Venus and evening planets Jupiter Saturn visible. Full moons March 8 and April 7. War context notes “641st day” and winter ending in 21 days.
Over 750000 pounds of fresh groundfish arrived in Boston aboard 10 vessels at the fish pier, with expectations that today’s arrivals push totals over a million. Shipments included Billow 175000, Breaker 109000, Heroine 169909, Ruth & Margaret 5100, Somerville 85000, A Pratt Andrew 80000, Reading 75000, Robert & Richard 70000, Natalie Hammond 5500, Genesta 3000 pounds, plus an unexpected Goodwood from Bermuda berthed at Hoosac piers. The Dutch steamer Eemdyk will depart with 256000 bushels of corn oats and rye for the Dutch government, while the British Serbian Prince brings horses for the French army from New York.
Shipping notices list steamers Goodwood Sargent Servian Prince Melrose Soderburg Governor Dingley Linneken and others arriving at Newport News Norfolk Portland Gloucester and New York with towing barges and lighters. Sailings include Maskinouge Allaquash J H Devereux coal port Inland and other vessels to Philadelphia Baltimore Norfolk and Portland with associated tug and barge movements. Local and coastal ports appear with multiple named vessels and towing assignments.
Thibault of Pennsylvania Richards of Cornell and Gifford of Yale emerge as top high jumpers current form strong at six feet or more Richards has regained peak form and both Yale and Pennsylvania athletes have cleared six feet in recent competitions
The Doble steam car reps will host an invitation dinner at City Club next Saturday with a reunion of Overland dealers from December Toledo trip. Panama California Exposition awards the Little Giant motor truck to Chicago Pneumatic Tool Company amid fierce competition. B F Goodrich plans 88 new stores nationwide including Manchester New Hampshire under Boston division with managers Emerson and McDuff. opening planned around March 1. Bay State Automobile Association president Teele calls for a board of governors meeting at Lenox tonight.
Arrangements for a Tufts varsity crew are under way for spring competition. Donald McClench is elected captain and William May serves as manager. A four oar shell is planned this season, building to an eight oar next year, with boats hired from the Cambridge B A A and training by Coach Manning.
One 100 N. p. electric motor 220 volts DC 490 RPM. Motor in good condition. Delivery can be made at once. Apply K 57 at the Post.
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