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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 21, 1916
Page
18
Bethlehem Steel directors announced an initial dividend of 30 a share payable in quarterly installments from 1915 earnings. Despite past caution on common dividends, earnings were strong with 1913 27.45, 1914 52.59, and 1915 projected at 100 a share, amid rising steel demand and rumors about future payouts.
The National Zinc and Lead Co declares a dividend of four percent on outstanding stock payable January 31 1916 to stockholders of record January 2 1916 after books close January 21 1916 and reopen February 1 1916 Joan J Hammers treasurer Boston December 31 1915.
Jan 20 money market quotations show call loans at 3 percent for both brokers and outside brokers, commercial loans 3 to 6 1/2 percent, collateral loans 4 to 6 percent, commercial paper 3 to 4 percent, year money 4 1/2 percent. The foreign exchange market was quiet with afternoon rates: Sterling-Cables 4.7674, Francs 5.84, marks 75, guilders 44.34, lire 6.63.
Mohawk and part of No 3 shaft production stopped since Monday due to burst boiler tubes. repairs estimated at four days. Wolverine expected to pay at least $5 a share on April 1. Maxim Munitions plant in New Haven to resume today after Derby machinery installation paused main plant work. Judge Hazel to issue decree separating Eastman Kodak business with opportunity to object and potential immediate appeal. West Penn Oil to increase outstanding stock 10 percent for a new well near Holdenville Okla at $150 per share par value $25. total stock 340,000. West Boylston Manufacturing adds 10,000 common shares raising capital to $2,000,000 with $10 par. subscriptions to begin Feb 1 with 25 percent instalments and 6 percent discount. Cortez Associated Mines approves formation of Antimony Corporation and sale of certain property to it.
Protective committee led by John W. Platten asks holders of Missouri Kansas & Texas first mortgage extension 6 per cent bonds to deposit with United States Mortgage & Trust Company. St Paul applies to Wisconsin Railroad Commission to issue 5.369 million dollars in bonds to repurchase Idaho & Washington Northern at foreclosure sale. Bangor bids sought for 195 thousand dollar 4 per cent bonds with scheduled redemptions through 1980. Montreal Tramways & Power Company notes totaling 7 million dollars are issued by the holding company, not the operating unit, which is controlled by stock ownership.
Bates Manufacturing declares regular semi annual dividends of 6 per share payable Feb 1 to stock of record Jan 20. Bethlehem Steel pays 0.83 per share on common stock quarterly from 1915 earnings. Champion Copper pays 2 per share, 36 total since Feb 21 1915, last 3 on Jan 7. East St Louis Suburban 0 34 percent on preferred stock payable Feb 1 to record Jan 22. Federal Sugar Refining regular quarterly 11 2 percent on preferred stock payable Jan 23 to record Jan 28. Dominion Bridge 2 percent quarterly plus 3 percent extra. Pullman Company 2 per share quarterly payable Feb 15 to record Jan ...
Yesterday’s totals show New York sales of 619319 shares and Boston 44993. The most active issues were Steel in New York at 100400 and New Idria in Boston at 4968. For the year to date, New York total is 10894632 and Boston 784809. Compared with last year, New York 2700800 and Boston 285068. Notable shifts include American Express rising 418 to 142 in New York and Texas Oil dropping 10 to 205. Manchester & Lawrence rising 8 to 124 in Boston, New Idria dropping 3 to 19.
New York market moved on mixed notes as Bethlehem Steel announced a 30 cent dividend for 1915 out of earnings, sparking surprise and disappointment. Bethlehem fell from 471 to 479 before closing at 479, United States Steel sank, autos and war issues weakened, and total volume reached 625000 shares with irregular bonds.
New York record notes Andes Copper Mining Company and Andes Copper Company receiving charters in Dover Delaware with capital of 50 000 dollars each. The filings establish two distinct corporate entities tied to mining operations in the era.
A session speaker, Professor Edmund von Mach, claimed he faced mislabeling and argued German Americans should be fully Americanized not Anglo-Saxon. He cited harsh hospital anecdotes to illustrate suspicion on German descent, prompting strong rebuttal from Dr. Woods Hutchinson applauded by 500 attendees.
In Boston on January 20 the copper market saw slight gains amid overall declines in New York. Traders cling to the idea that mining firms will weather a downturn, citing long forward sales at high prices. MassachusettsGas earns higher surplus. Utah Copper and Wolverine eyed for larger dividends. Champion Copper and related companies announce dividends. domestic buyers return to the market amid stronger demand.
Boston stock prices rise and fall with the day’s trading. Highs lows and close figures are listed alongside prior close, showing market movement and investor sentiment for the session.
In Philadelphia, January 20, during the national Americanization convention at the Bellevue Stratford tensions rose between Americans of different racial descent spurred by WWI. The afternoon session saw a hostile hyphen debate as delegates confronted America's challenge to unite diverse nationalities within citizenship.
Two East Lexington voters announce candidacies for the Lexington Board of Selectmen vacancy caused by the sudden death of S Myron Lawrence. Candidates are Alexander Wilson and William B Foster.
London copper futures rise to £87 10s with electrolytic at £117 10s a new high. Tin and lead edges advance while spelter holds firm. New York quotes show tin at 411 4 cents bid lead steady and spelter stronger. Sales include copper 200 spot, 400 futures. tin 75 spot, 200 futures.
August Vuillemot of French lineage runs a cobblestone shop seen as the heart of the wooden shoe trust of America. The feature promises a reader’s deep dive into the family’s generations in the trade.
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