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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 29, 1914
Page
14
The excerpt lists daily toss values and record highs and lows for various indices including metals and industrials. It records last high points and low points with dates such as 1913 and 1912, noting notable spikes like 58.02 and 124.25 and values around 100 for multiple entries.
Proposals for bonds totaling 6 325 000 dollars are invited with terms and maturities listed. The issue includes Armory, Port of Boston, Metropolitan Parks, Water, Prisons and Hospitals, and Soldiers Gratitude loans. Submissions due by noon Tuesday with bonds to bear interest and be tax exempt where applicable.
Reading market reports show prices generally lower with Rock Island issues weak. Boston and Maine earnings improve for December. Chicopee Manufacturing Company passes a dividend. State plans to sell 6 325 000 bonds.
Reading and Butte & Superior lead in activity. New York and Boston show total shares traded and gains or losses in key issues. Call money ranges and time money rates are listed for both markets.
Boston and New York stock summaries. Brief figures and market tone from latest trading session. Contains terse quotes and index movements.
The New York market moved largely as in the prior session with irregular fluctuations and an initial drop followed by a brief rise. Trading showed little direction as bulls faded and bears feared a reaction before any sustained advance, while Reading led with strong buying and copper shares improved on upbeat trade signals.
Boston markets saw a fairly active session with a late push in Mayflower and Old Colony stocks. Copper issues lagged the Lake Copper gain, while Chicopee Manufacturing dividend passed for the first time since 1906 and Old Dominion held around 52 1/4 after a year showing $1,489,152 net.
London cables report the Bank of England may reduce its discount rate to 3 1 2 percent, possibly 3 percent, marking a third cut this month. If moved, France may follow, while traders debate whether the market will rally or dip further as money easing slows.
A prominent Cleveland banking house states that Cuyahoga Telephone bonds remain weak but not threatened by a rumored effect on the issuer’s finances. It notes possible consolidation with American Telephone is opposed by rate regulation fears and public utility appraisal moves.
The Springfield Fire and Marine Insurance Company reports progress despite adverse conditions. Market value declines trimmed assets by 112 789 dollars while underwrit ing profits reached 139 711 dollars on premiums totaling 5 743 117 dollars, up 286 386 from the prior year.
Reserve totals reach 5 286 834 with a yearly increase of 285 543. Since inception the insurer has paid 58 525 255 in losses to policyholders. Assets near 11 000 000 under President A W Damon strengthen the company to meet contingencies.
Melrose borrows 30000 from R L Day with other bidders listed. Alberta debentures of 3 1 2 percent yield 4 88 percent interest. New Bedford sells 44604 bonds to N W Harris for street widening and municipal loans. Lowell and Marlboro award loans to Moseley and Worcester North Savings respectively.
At its annual meeting the Farr Alpaca Company voted to raise capital from 2 400 000 to 7 200 000 by issuing three new shares for each existing one. The 24 percent dividend on old stock will likely be cut proportionally. At Boston Safe Deposit Trust, old directors were re elected.
Charles F. Fairbanks declined re election. Chicopee Manufacturing passes 8 per cent semi annual dividend marking a first omission since 1906 when dividends resumed. Thompson Towle & Co issue Essential Railroad Statistics volume detailing capitalization debt and operations. Georgia Railway and Electric sells 541600 treasury stock to restore authorized outstanding to 8 5146 million.
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