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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 11, 1914
Page
12
Massachusetts legislature enacts section 1 clarifying tax exemption for bonds secured by mortgage on taxable property. public service bonds yielding 4.80% to 5.50% anticipated tax-exempt status beginning August 6, 1914, contingent on a $3.00 per $1000 registration fee and a tax payment proof form to the Tax Commissioner.
The Boston Elevated reports a price rise above par with strong year to date gains. New Haven again shows a sharp increase in unfilled tonnage of steel, while the overall market remains reactionary with a 34,697 ton uptick in steel corporation inflow.
Total sales in New York 264 500 shares and Boston 15 502 shares. Missouri Pacific led New York with 46 000 shares while New Haven led Boston with 3177. For Jan 1 1914 to date New York 39 793 400 and Boston 2 961 064. Compared to last year New York 47 813 600 and Boston 2 889 714. Inter Agricultural Chemical pref rose 5 to 25 while Federal M. & Co. fell 17 1 4 to 10. Ahmeek Mining advanced 5 to 275, Calumet & Hecla fell 15 to 400. Call money New York 2 3 4 pc, Boston 3 pc. Time money New York 2 1 2 to 4 1 4 pc, Boston 4 1 4 to 4 3 4 pc.
New York traders faced a broad downturn with heavy selling of Gould stocks New Haven and Chesapeake and Ohio hitting new lows. Foreign holders pressed sales of minor international railway stocks for future delivery amid Amsterdam London and Paris activity.
The Torrington Company declares a 1 percent semi annual dividend on its common stock payable August 1914 to stockholders of record at 3 PM July 17 1914. Treasurer B Vincent signs the notice dated July 6 1914.
Boston July 10. New Haven stock declined from 613 4 to 69 amid a strong selling wave, 3177 shares traded, marking the day’s largest volume. Boston Elevating rose to 100 1 8, Steel common boosted activity with 2010 shares. Amalgamated weak, Butte & Superior around 86 3 4, market closing on a weak tone.
More than 75 percent of Bigelow Carpet stock has been deposited with the Second National Bank to back a bid at 225 dollars a share by Kidder Peabody and F S Moseley. The bankers requested an extension of the deposit deadline to July 17 for the remaining stock.
The market showed many weak spots with railroad stocks such as New Haven Missouri Pacific Missouri Kansas & Texas Denver & Rio Grande and Rock Island hitting new low records. Union Pacific Reading Steel and Amalgamated fell only modestly while leaders held. Missouri Pacific traded actively dropping to 95-8 and New Haven to 58 7-8 as Steel paid 5 percent and New Haven offered no dividend.
The week ends with heavy cash losses among New York clearing house banks though Sterling loans helped shift debt to Europe. June data show a slight rise in United States Steel unfilled tonnage, while Boston banks report $60 million invested capital against $301 million deposits, with deposits near record highs.
Eagle and Blue Bell announces an additional dividend of 5 cents per share payable July 20. It is the sixth dividend and brings total disbursements to 267,943 dollars. June operations are estimated to yield about 22,000 dollars net to the company.
The bond market was moderately active and firm. Rock Island collaterals remained at the year's low while Missouri Pacific issues continued to ease. United States government bonds completed the briefing with steady demand.
The creditors of the failed firm Gay & Sturgis are offered a quarter interest in Terrible-Dunderberg Mining and Power Company in a proposed reorganization. Creditors would subscribe to $60,000 of stock, with payment on a favorable committee report. Wells notes the offer rests on liabilities and the past investment, citing extensive mining assets and deep workings.
R G Dun and Co weekly review notes irregularity in business but overall favorable trend. June iron and steel orders rose 34 697 tons as mills cut mid year shutdowns for inventories. Finished steel demand strengthens while textile output tightens. Shoe makers stay optimistic with better machinery use. Leather supplies remain moderate. US and Canada failures rise from prior year.
Philadelphia sold 1.6 million dollars in bonds split to the city sinking fund 1.445 million and the Philadelphia Rapid Transit Company 50 thousand with 5 thousand to William E Haddock Malden awarded a 100 thousand temporary loan maturing December 18 1914 at 3.58 percent Solomon Bros & Hutzler among bidders Chicopee Mass sold 34500 four percent macadam pavement bonds and 34000 permanent pavement bonds at 100.79 with several firms bidding New York Stock Exchange admitted 8658000 Central Trust Company of New York certificates of deposit stamped and 1204000 unstamped for the St Louis and San Francisco Railroad bonds due 1951 and other items including Inspiration Consolidated Copper Company and Southern Pacific Company subscription receipts.
Fresh groundfish prices held steady yesterday despite only two fishing vessels at South Boston's fish pier. Dock prices stood at 4 cents for haddock, 6 cents for steak cod, 3 cents for market cod, and 1 to 4 cents for pollock. Vessels Sh own tinker mackerel fares included R. & Edwin 15 000, Anna T 6 000, Naoma Bruce 4 000, M. Fallon 16 000, and Swell brought 5 006 scrod. The Itasca departed for Bermuda with cadets set to join as third lieutenants. The Cleve land and Vera arrivals were noted, as was the Sixaola's 291 miles north of Havana heading to Boston with bananas and cocoanuts.
Steamer Nacoochee with merchandise and passengers docked at Lewis wharf at 5 45 am. Persian with 35 passengers tied up at Fiske wharf at 7 am. Juniata with 50 passengers arrived at Battery wharf. San Jose sails for Jamaica after repairs. Nu midian 245 miles east of Cape Race en route to Boston with 86 passengers. Norfolk and Norf olk off Boston Light in fog. Target practice cancelled. shells warned after 8 pm.
Listings show U S revenue cutter Gresham and multiple steamers arriving at ports including Provincetown Gloucester and Portland. Vessels Itasca Santa Joes Alvin Leviathan Bunker Hill Reliance and several schooners and tugs are noted among arrivals at New York Boston Newburyport and Rockport with several barges towed and schooners renamed in transit.
The beaten captain confronts a friend over recommending a new player who failed to perform, dropping three easy catches and failing to find his first ball. The friend retorts that the suggestion was made, but not specifying which side would benefit.
July 1. American athletes won finals at the stadium facing Denmark, Germany, Sweden and Finland. Homer Baker of NYAC took the 400 metre in 62 3-10, W M Oler Jr the 110 metre hurdles in 16 2-5, J C Patterson of Penn the 200 metres in 22 1-5 and 100 metres in 11 1-19. Ooler won the high jump at 1.82 metres and the mile relay of five men finished in 4 minutes 36 seconds.
Four Haverhill men and mortgagees seek a receiver for the Haverhill Baseball and Athletic Association in Suffolk court. They allege lease and franchise are being misused by Sherman H Marshall and Daniel F Clohecy. Timothy H Murname of Boston is named nominal defendant with Pentucket Athletic Association. The plaintiffs demand debt establishment an accounting and restraining orders. The case returns next week.
In a Southwark loft of the old Tabard Inn workers uncovered a cat and two rats preserved in place as time stood still. The cat clutched one rat and pinned another with its paw when death occurred, leaving all three amazingly intact in a glass case. The find is displayed by hop factor Mr W Le May.
A dense listing of Sunday worship: Baptist churches on Ruggles Street Tremont Street and surrounding streets with sermons by Rev Charles L White D D Rev William Latham and others. Open air services at Ruggles Street and Tremont Temple with soloists and choir. Union Square Somerville and Dudley Street Roxbury offer sermons and summer church programs. Other churches include First Free Baptist Old South Park Street Church and St. Paul Cathedral with multiple services and holy communion times.
St Mark's English Lutheran Church Roxbury held public worship at 10 80 conducted by Rev L L Uhl D D No evening service listed Edwin Lynn Miller is pastor listed for contact/leadership
In Newark area notices three churches announce services. First United Presbyterian Church at Warren and West Brookline hosts Rev. Munro preaching at 11:38 a.m. and another at 7:30 p.m. with Sunday school at 4:15 p.m. All welcome. Columbus Ave and Berkeley St church hosts services by Dr. Tufts. First Reformed Presbyterian at Ferdinand and Isabella Streets lists 10:30 a.m. sermon by Rev. W. J. with subject Is the Young Man afe.
Listings show Salvation Army services led by Adjutant Bray and Captain Hartman with an evening talk on experiences with Salem sufferers. Swedenborgian and Unitarian services follow, plus lectures by the International Bible Students Association, Temple of Truth sessions, New Thought Forum, and many spiritualist gatherings across Boston and Cambridge venues with multiple speakers and sessions July 12 and summer programs.
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