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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 09, 1915
Page
14
Government crop figures project a total wheat yield of 963 million bushels for the season, with winter wheat at 668 million and 295 million from other lines. The report notes improved corn prospects and above average conditions for hay and oats, while stock markets react to the data amid reorganizations and new copper ventures.
Report filed with Banks Commissioner shows total assets of 1 758 946.00 with deposits 728 846.21 and liabilities. Officers James G Ferguson president Frank F McLeod treasurer and directors sworn to accuracy before notary Charles B Strout. Market values include U S and Mass bonds 82 225.00 and various loans total 1 organization's notes listed.
The directors declare a quarterly dividend of 50 cents per share on common stock payable August 2, 1915 to stockholders of record at the close of business July 23, 1915. W. Batchelder is treasurer.
WW weakness in London and New York copper prices reduces seller optimism. Copper spot and forward quotes vary by grade and delivery, with electrolytic and Lake copper in narrow ranges. Zinc ore and lead demand soften, while tin and other metals hold firm or steady amid mixed trading conditions.
Total sales in New York 346200 shares and Boston 20284 shares. Most active issue in New York U S Steel 31500 shares. In Boston most active American Zinc 6705 shares. For Jan 1 1915 to date New York 63959600 shares Boston 6545496 shares. Corresponding period last year New York 39528900 shares Boston 2945562 shares. Greatest gain in New York list Am Coal Products 654 to 116 percent. Greatest loss in New York list Federal M S 5 to 24 percent. Greatest gain in Boston list Boston & Albany 234 to 179 percent. Greatest loss in Boston list Calumet & Hecla 10 to 560 percent.
New York markets showed nervous trading with lighter deal activity and renewed pressure on standard railway issues. Declines hit Louisville and Nashville Southern assets Missouri Pacific plus Kansas City Southern and St Louis and San Francisco second preferred. Foreign exchange steady, bank lending firmer, and Bank of England reports a large gold drop amid war loan demand.
New York July 8 bond market reports active trading on the stock exchange floor with varied issues changing hands. Investors weighed yields and credit quality as traders moved through municipal and corporate bonds amid light fiscal data.
The Boston Stock Exchange reports the high, low and last prices for securities with comparisons to the previous close. The list includes East ITent, C Gt Western, StP deb, St Pert, Italy ts, and Nwngal with varied figures such as 9554 and 9543.
Stocks listed include Standard Oil Tol Wal Val Union Pacific Virginian Montana Power and Westinghouse with several 5s and 4s issues. Total sales reached 2 168 000 compared with 2 610 000 last week and 1 804 000 on January 1 to date 408 862 000 year ago.
Boston market activity centers on American Zinc and Alaska Gold with rumors of a 20 to 25 percent stock dividend and new financing to expand plant capacity. New Haven weak on Boston & Maine risk. United Shoe Machinery gains from strong 1914 English subsidiary profits. Analysts note pessimism on worsted mills due to European competition, while Shannon Copper eyes dividends as June earnings rise to 65 000 from May 59 000.
Chelsea, Mass awarded a temporary loan of 70000 due Oct 9 1914 to Broadway National Bank at 2.49 discount and premium. Other bidders included Mosely First National Blake Bond & Goodwin and Parker. Wellesley, Mass awarded 150000 in 4 percent sewerage bonds, 1916 1945, to Farnsworth at 100.59. Other bidders included Millett Roe Harris Merrill Oldham Day Curtis Jackson Chandler Blodget Potter Estabrook.
The Italian armored cruiser Amalfi was torpedoed and sunk at dawn while reconnoitering the upper Adriatic. Most of the crew were saved. Amalfi, completed in 1908, displaced 9958 tons and measured 426 feet with a peacetime crew of 684.
The Newspaper Club held its summer outing last evening at Pemberton Inn with 30 members present. Guests included Charles H. Bradley E M Gilman Charles S Baxter James C White Edward C Fitzgerald Arthur Mulvey George L Walker E Wentworth Prescott Joseph F Mellyn Herman Nickerson and O G Draper.
R. M. Grant & Co. of 50 Congress Street reports strong demand for their $900,000 Minneapolis municipal bonds offering 434 per cent coupons or registered bonds.
American naval officers took charge of the Atlantic Communication Company wireless plant at Sayville New York to operate it for the government through the European war to prevent neutrality violations. The Sayville station along with the Tuckerton New Jersey station maintains direct links with Germany and is under Navy Department control.
Captain William Bullard of the Naval Radio Service takes over the Sayville station by order of Secretary Daniels. The move aims to collect tolls and manage operations while deciding staff levels, with Redfield of the Commerce Department denying a license to the German-owned plant. Regulations from Plattsburg Hill will apply and code messages will be paraphrased to avoid secret codes.
Lord Robert Cecil stated in the House of Commons that belligerent nation ships have the right to carry armament for self defense under long established usage. He noted neutrals were consulted at war outbreak and again as needed and that British armed ships have traded with various countries since early in the war. He addressed whether neutrals should permit armed merchant ships to trade with only a stern gun amid German attacks on unarmed vessels.
A Reuters dispatch from Cetinje reports that the Albanian government has formally announced it will submit Albania's future to a decision by the great powers.
A landslide on the Nashua division of the Boston and Maine blocked a Nashua to Wilton train for more than three hours. A washout on the Connecticut and Passumpsic division caused several hours of delay to a New York bound train.
A period shipping list notes numerous vessels arriving and departing ports including torpedo boat destroyer Pres ton and steamers Bowden Henriksen Port Antonio Port Maria Prince George McKinnon Yarmouth N B Calvin Austin Mitchell St John N B via Eastport and Portland Ontario Bond Norfolk City of Ausasia Garfield Savannah Bunker Hill Holmes New York Belfast Sawyer Range City of Rockland Linscott Bath Ransom Fuller Strout Portland schooners Robert H McCurdy Watts Apalachicola J Kennedy Kelley Machias tugs Boswell Armstrong Norfolk towing barges Annie Cassie Ivie Boxer Blizzard Leexport Pickering and Skippack Patience Chandler Horace A Allyn Penn all Philadelphia Sea King Moon towing barge Georgia from Portland to Newport News. Also steamers Francisco Prince George Yarmouth Limon Havana Port Limon Governor Cobb Nantucket Coastwise Middlesex Norfolk Grecian Bunker Hill James S Whitney Bay State Sewalls Point Bay View Newport News Falson towing barge Charles Nelson Baltimore to load for San Francisco City of Liverett towing barge S O Go No 85 Malden Baltimore tugs Swatara Lincoln Marion Tulpehocken Albatross towing barge Ida Woods New York calls at Sandwich for barge Helen Woods Charles T Gallagher towing barge Rahn from New York for Searsport Honey Brook towing barges Wilkesbarre L W C Co No 10 Port Johnson calls at Salem for barge L W C Co No 11 Sea King towing barges Georgia J H Winstead Covington towing barge Occidental Norfolk calls at Fall River for barge Wancaster Patience Philadelphia calls at Fall River for barge Chas Pritchard Providence for barge Powel schooner E McNichol Boothbay sailed 6th.
Federal grand jury votes more than twenty indictments charging neutrality violations in San Francisco. Names of those indicted withheld pending arrest. Offences include recruiting for the British army and furnishing supplies to war ships, with conspiracies noted where applicable.
Indictments allege furnishing warship supplies tied to the steamer Sacramento which sailed October 15, 1914, from here and reached Valparaiso after cargo was seized by German warships. One man is charged with fraudulent manifest and two with delivering supplies to belligerent ships. Money traced to New York funds British and German activities. Sacramento once the Alexandria of the Hamburg American line and renamed by a new company.
Yesterday at the fish pier a haul included 20 000 pounds of halibut aboard Teazer and 56 000 pounds of swordfish aboard Richard J. Nunan with 52 000 pounds on Angie B. Watson and 12 000 on Ellen Marley. Groundfish reached 69 200 pounds of scrod with shipments by 14 trawlers and more. The Bowden and other vessels carried cargoes including 238 185 stems of bananas and 20 barrels of limes, while the Ranger sails with 104 cadets bound for Havana and the canal.
Fourteen year old John Gearin of 2 Corey Street Charlestown is at Haymarket Square Relief Hospital with a double fracture of the skull base after a fall from the trestle under the Chelsea bridge to the Boston and Maine railroad tracks, about 35 feet.
In this city on July S at his residence 45 Palmer Street Henry A Bilver. Funeral services to be arranged by his family.
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