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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 27, 1914
Page
14
Boston Elevated announces a dividend reduction amid fluctuating market activity. Across exchanges, total sales show New York leading with 482 600 while Boston sees varied gains and losses. trading volumes rise in steel and rail shares though overall market direction remains mixed.
The New York market showed a narrow movement with an upward tendency. outside demand for stocks and bonds faded. Steel rose as much as 2 points on the upswing aided by positive trade signals and bullish outlooks for United States Steel. Copper and Harriman interests strong. bonds remained quiet with solid call value.
Marlboro Massachusetts will receive bids until 2 p.m. January 28 for a Vermporous loan of $20,000, maturing in May 1914.
Boston Elevated announces a dividend drop from 6% to 4% annually causing a six point fall in its price to 83 1 2, then a fractional recovery. Steel common outperforms with a 118 point gain to 66 1 8 as North Butte reports improved ore and copper production for the quarter.
Boston located Railway Company declares semi annual 2 percent dividend payable February for stock of record February 2 reducing the rate from 1 percent to percent per year. Connecticut Power Company pays quarterly 150 on preferred stock payable March 2 for stock of record February 17. Stewart & Warner Speedometer Corporation issues usual quarterly 18 1 2 percent on preferred and 11 2 percent on common payable February 1 to stock of record January 24. Cluet Peabody & Co Inc reports initial of 1 percent on common payable week 1 to stock of record June 20.
Notice to holders of 14 percent refunding water bonds series B and 4 percent refunding water bonds series DB of Pueblo Colorado. Bonds dated 1899 and 169% respectively, now payable at the option of the city of Pueblo on the Sunday of February 1934 at The First National Bank New York as successor to National Bank of North America. Bondholders must claim payment by due date and interest ceases thereafter. City Clerk Sealy Hohn M. Jackson signs.
Public Service Investment Company in Boston announces a quarterly dividend of 1.50 per share on preferred stock and a semi annual dividend of 2.00 per share on common stock. Both payable February 2 1914 to stockholders of record January 15 1914. Stone Webster transfer agents.
Boston market bulletin notes total sales of 30,412 shares and bonds valued at 118 400 dollars. The fragment records trading activity with figures for equity and fixed income holdings.
Fortsmouth N W Jan 16 The cruiser Tacoma which lost her port propeller off Nantucket Saturday night got out of Newport this afternoon for Portsmouth with one propeller in operation. The cruiser is making about six knots and is expected to arrive in the lower harbor some time Tuesday night.
The annual statement shows the company with total assets of 28,668,004.19 dollars and net assets of 17,341,294.19, real estate valued at 26,009,010.74 after mortgages, capital and surplus at 3,247,789.13, all taxes and interest paid, no overdue obligations, and a strong cash position. The firm is noted as the oldest real estate company operating in New York City.
Boston Elevated Railway Camp yesterday reduced its dividend from 6 percent to 2 percent, triggering a stock drop. Managers warn of hurdles to long term financing due to Massachusetts law limiting new bonds and stock issuance, with $18 million in extensions planned and only a $3 million bond leeway.
The bond market in New York remained active on January 26 as trading continued heavily. New York State 44s from the new issue led activity, with Rock Island collateral 4s, New York Railways adjustments, Seaboard Air Line adjustments, and Wabash 4s also contributing to the session.
A panic caused by a fire at a moving picture show on a plantation in Gurabaya Dutch residency left 58 children, 16 women, and 1 man dead. Most victims were trampled or suffocated as crowds fled the blaze.
In its 97th year the Boston City Missionary Society reports a broader city impact with 13 nationalities in Sunday school classes and 11 nationalities at children's picnics. In 1913 the city field had the equivalent of 22 missionaries, rising to 25 at work in the new year, the largest staff ever. Rev. D. W. Waldron begins his 42nd year as secretary. Officers elected include Jacob N. Bates as president and Samuel F. Wilkins as treasurer, with 44 managers appointed.
Bishop Farthing of Montreal will guest at the Canadian Club banquet in the Parker House crystal room. Attending churchmen include bishops Hall Codman Perry Brewster Davies Niles Hamilton and others. Walter Anderson of the Boston Quintet Club will sing.
Advocates urge federal creation of a national park from Bull Run battle ground. They announce plans to renew the campaign with greater vigor, seeking preservation of the site associated with the first major Civil War clash.
Edwin J. Clapp, special traffic commissioner, told Boston University that growth of the port requires New England shippers to patronize Boston services even if they are not as good as New York. He argued port development would raise Boston taxes and bonds, urging support for Boston passenger lines and local travel.
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