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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
Jan 30, 1919
Page
16
The report shows New York and Boston daily totals with Steel leading the day’s activity. Steel shares fell from around 89 1/2 to 88 3/4 amid heavy selling while Mexican Petroleum and American Hide & Leather showed counter bids and strength in a generally soft market.
Traders expect a market bottom soon with steel stock level watched for a turn. Peace stocks gain when leaders halt declines as steel may spark a broad rally. copper, wool, and cotton prices show mixed movements while grains rally in the near term.
The Railroad Commission of California approved Southern California Edison to issue 8 million dollars in general and refunding mortgage 6 percent gold bonds and 8 million dollars in 7 percent gold debenture bonds. Harris Forbes Co and others organize a syndicate to offer these bonds this week. Edison supplies electric light and power to 150 towns in Southern California including Los Angeles.
New York market opens with United States Steel leading losses after cutting its extra common dividend from 2 to 1 percent. Steel stock falls to 88 3 4 as volume reaches about one third of daily trading, while Associated industrials and rails slip amid earnings reports. Stronger performance from Marine and Hide and Leather preferred spots contrasts with broad weakness in motors, coppers, and tobaccos.
Fragmented OCR lists numerous 4s and 5s from various issuers including Pacific, Penn, Brit combinations, and rail and utility bonds with unclear issuers and maturities. The passage resembles a bond table with prices and dates but provides no coherent narrative or verifiable details.
A syndicate led by Parkinson & Burr and others has purchased and is offering 4 million dollars in 10 year 6 percent sinking fund gold bonds of Riordan Pulp & Paper Company Ltd of Canada. Proceeds fund a new bleached sulphite pulp plant adding 90 000 tons annual capacity to about 127 000 tons.
The American government recognizes the provisional government of Poland. State Department officials released a message sent by Secretary Lansing to Ignace Jan Paderewski, the new Polish premier, on orders from President Wilson.
Mr. Lansing congratulates Paderewski as head of the provisional Polish government and says the United States will enter into relations at the earliest opportunity. The message from the Polish department thanks President Wilson and commends his recognition as aligned with American war aims and ideals.
The Shoe Workers Protective Union petitions Suffolk County Superior Court in Boston to restrain Austin H Perry Co from employing only Boot and Shoe Workers Union members. The move aims to curb the rival union's foothold amid a broader labor dispute and expected strike unrest. Frederick W Mansfield of Boston represents the petitioner.
Michigan State Telephone Company filed an appeal with the State Supreme Court from a circuit court injunction that barred state telephone firms from enforcing recent federal rate orders. The company seeks a mandamus to overturn the injunction and have the circuit court lift the restraint.
Maritime almanac style note marks the day as the 1612th since war began with two dates for new and old moon phases. It lists celestial positions including Venus Mars Jupiter Saturn and Saturn with limited timing detail and starlight indications.
A fleet of 13 trawlers delivered more than 500000 pounds of fresh groundfish to the Fish pier in South Boston, with 171000 pounds fetched by the steamer Fish Hawk despite stormy seas. Prices fell on haddock and cod as wholesalers reported lower quotes and several vessels carried large hauls to Gloucester and Boston.
Shipping news lists steamers arriving and sailing to ports worldwide. Vessels include Chinese Prince Ninian Trickey Merrimack Governor Dingley Glendower and more, with barges and tugs from Port Arthur Guttenberg Sewalls Point and Albany. Debris and damaged junks noted as returned Ennis via Lamberts Point.
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