Week's Range in New York Ex Dividend
Ex dividend note appears for New York stocks this week. Investors see limited trading activity around key indexes as the market adjusts to corporate payout schedules.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 01, 1912
Page
13
Ex dividend note appears for New York stocks this week. Investors see limited trading activity around key indexes as the market adjusts to corporate payout schedules.
Fire at the Pines in Groveland swept the open air rustic theatre away at 1 30 this morning. The Groveland fire department saved the pavilion merry go round and other buildings after a desperate battle.
Frederick W. Whitridge of New York, president of the Third Avenue Railway Company, and Oscar Straus called on Colonel Roosevelt today at Oyster Bay. The colonel had nothing to say about their visit and declined to discuss politics.
A Boston Chamber of Commerce petition controversy emerges as a group of directors and railroad interests protest using the chamber name to attack New England railroads before ICC hearings on Boston & Maine and related lines. The papers seek to bar evidence gathered by D. O. Ives and demand public statements from chamber leaders. The affair involves figures like Lucius Tuttle Edwin Greene and many New England business executives.
June 30 New York City Comptroller William A. Prendergast was named to represent New York on the Chicago committee organizing the new party backing Theodore Roosevelt. He had been slated to speak at the Republican convention nominating Colonel Roosevelt.
Pren dergast appeals to men of all parties to enroll in defense of honesty in political work. He says a provisional organization will be effected without delay and permanent pragma will follow, stating the new party arises from distrust of both old parties and the Republican national committee.
Brighton police arrested three men on warrants dated June 7 for illegal sale of heroin at drug stores. Edward W. Howe of Roxbury an employee at George Warren drug store Brighton, G. H. Sherbert of Brighton employed at 382 Cambridge Street Allston, and William H. McLaren of Saugus employed at Staples and Towes Allston were seized with evidence gathered by a Watch and Ward Society agent.
Berlin June 30 Empress health causes anxiety to physicians despite denials. She recently returned from Bad Nauheim where she had been taking the cure.
Bob Hunter known as Dare Devil was instantly killed in a Luna Park motorcycle race. Riders flew at 75 miles an hour when a collision halted the event and ended his life.
Metropolitan Police officers from the Riverside division saved eight canoeists after four canoes capsized on the Charles River opposite Norumbega Park. William Long assisted three youths, William Chaisson rescued one near Old Lilly Point, and Arthur Hardy pulled another from the water near police headquarters. The incident marked the busiest river day of the season.
The Boston Chamber of Commerce urges the Mayor and City Council not to accept the act for widening extending and constructing Avery Street. Estimated cost is 1 250 000 with only 250 000 collectible as betterment assessments under the act. Money would be raised outside the debt limit. Acceptance by the Mayor and Council by January 1 1914 is required for the act to become operative.
The Chamber cites that under the act $6,788,488 in property could be assessed while its proposals would allow assessments totaling $31,241,268. It argues amendments by the Chamber and Finance Commission could save the city $200,000. The act permits one third of improvement costs as betterment assessments, though rarely more than one fifth is collected.
Miss Beatrice Severns Lane, descendant of Priscilla and John Alden, marries David Forbes Morrison in a Los Angeles home ceremony. Born in Duxbury Massachusetts, she pursued a business career before eloping to Yosemite for a honeymoon and plans to visit New England. The couple’s jewelry included a seed pearl heirloom brooch from the Alden family.
Negotiations between the New England demurrage committee and the Interstate Commerce Commission yield nationwide rules on demurrage charges. Rules cover actual placement, delivery at nearest available point if tracks are busy, and unloading time for bunched lots. Notice timing extends free unloading time, and weather delays excuse charges.
A telegraph from New York warned that unless Atlantic coast steamship companies adopt the wage scale and rules demanded by 20 000 marine firemen and seamen, all Atlantic seaboard workers will strike before noon. Boston officers received the message yesterday afternoon.
Union leaders report 250 Boston local members ready to stay out until wage and living-condition demands are met. Several companies including Harper Transportation and Coastwise Steamship expected to sign, with Clyde Line likely joining New York talks. The New York local plans broader action if wage proposals are rejected.
The committee on industrial relations proposes a state law to prevent strikes on the Boston Elevated and the plan is approved by the chamber's directors. The report supports adopting the measure to avert labor disruptions in the city transit system.
Boston will glow with red white and blue lights in retail sections on the Fourth. The Retail Trade Board governing board organized the display. Edison Company will provide colored incandescent lights to customers at no extra charge, avoiding extra expense.
The plan calls for a board with three members to handle industrial disputes affecting the public interest. One member would be named by employers, one by employees, and a third chosen jointly. A distant state authority would activate the act, with special provisions to compel production of records in public utility cases and ban strikes and lockouts during investigations.
John Bray and Annie Morecroft swam from Nahant to Revere Beach in a stiff breeze and against the tide. A large crowd watched as they finished at 2:20 and 2:25 pm respectively, greeted by rescuers wading into the water to congratulate them.
The pension system of the New England Telephone and Telegraph Company takes effect today. Officials cannot yet estimate the number of applications or the total pension payout the company will face.
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