Bond Market Fluctuations Hit Key Issues
Bond trading showed irregular activity led by Atchison and St. Paul convertibles, Rock Island collateral 4s, Inspiration Copper 6s, and New York Railway adjustment 5s.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 17, 1912
Page
11
Bond trading showed irregular activity led by Atchison and St. Paul convertibles, Rock Island collateral 4s, Inspiration Copper 6s, and New York Railway adjustment 5s.
San Francisco's Board awards 5.3 million city bonds to a New York Boston syndicate. Oneida Railway seeks 779510 for improvements. International Nickel bonds may retire soon as prices rise to 108-110. Lynn bids open for 100000 tax anticipation loan. N Y Railways notes refinance 4 percent bonds await payment. Montreal Tramways to receive notes in exchange.
Temporary certificates bearing the July 1912 interest stamp will be accepted by the trust company until 2 15 p m daily except Sunday for conversion to permanent engraved bonds. Certificates not yet bearing July interest should be presented at 165 Broadway. R L Day Co Kouitz Bros Co and Owen Daly Co have been awarded 2959000 of the 5000000 Baltimore loan offered Monday.
Great Northern president Co R Gray returned from a three week Montana tour noting crop conditions and the regional outlook are unmatched. He cited Sun River Valley and Great Falls irrigation projects and predicted yields could double with increased acreage.
Port Directors of Boston forward a protest to Massachusetts senators against excluding railroad owned vessels from the canal. NY, NH&HI president Charles S. Mellen joins, warning New England commerce will be harmed if steamship service between Pacific coast points and Boston is blocked.
Frank J Simonds longtime Boston Advertiser assistant night editor died suddenly of apoplexy at his Somerville home 68 Lowden Avenue He was 53 born in Franklin New Hampshire began as a compositor in 1872 worked for Manchester Union Lowell Morning Times Post Worcester Telegram and Lowell Sunday Telegram He is survived by son Francis and daughter Frances and was a widower.
Boston's Democratic city committee split over endorsing Foss for governor. A hurried vote at 15 Exchange Street showed 10 in favor and 8 against with several members abstaining. the Governor did not receive a majority of the full committee.
The meeting aimed to endorse Governor Foss and Sheriff Quinn but Foss faced strong opposition from several committee chairs who urged delaying the endorsement. District Attorney Pelletier supporters and Donovan Kellcher factions loom as potential backers if Foss and Pelletier run. Street Commissioner James A. Gallivan floated as a sheriff candidate with no firm decision yet.
Governor Foss to reporters today refused to discuss politics saying it was too hot to talk. He spent the day in conference with Democrats including Martin M. Lomasney Fred J. Macleod Frank J. Donahue and Daniel J. Daley, a Brookline candidate for Congress in the Weeks district.
The district of Congressman Weeks appears poised to become Democratic. Daniel J. Daley of Brookline filed papers and Weeks plans to seek re election. Ward 25 seems included instead of Ward 26, leaving the district with about 700 Republicans based on last year’s governorship results. Daley, a married young lawyer with seven children, predicts victory.
The Senate adopted a resolution 35 to 23 denouncing any attempt by a President to influence Senate votes on exclusive matters. The debate referenced Archbald impeachment and Woodrow Wilson's Congressional Government, with Senators Bailey Borah Cummins O'Gorman Burton defending or opposing Taft's conduct.
The Senate debate centers on a Bailey resolution condemning executive interference in Senate votes. Republicans split, with six supporting and twenty opposing, including Borah and Sutherland. Bailey withdraws quoted accusations after clarifications, while amendments aim to broaden the scope to all exclusive Senate matters.
City officials will call new bids for the proposed city hall annex project worth 800000 after a court injunction halted awarding the Wells Bros bid. Wells Bros failed to submit sub contractor names, the basis for the injunction, while ten Master Builders Association members sought to block the award.
Friends and dignitaries gathered at St Mary's Church Warren Street for the funeral service of Miss Sarah A Brown noted for social and charitable work in Charlestown. The ceremony was led by Rev John W McMahon with deacon Rev James Phelan and master of ceremonies Rev Michael Murphy, and pallbearers included Judge Charles Sullivan and Dr Joseph McLaughlin. Interment followed at Holyhood Cemetery in Brookline with committal prayers by Rev Dr McMahon.
The United States recruiting station on Hanover Street relocates to the third and fourth floors of the Huyler Building at 146 Tremont Street opposite Boston Common. Due to orders to enlist 4000 more men, all New England recruiting offices will stay open Monday and Thursday evenings until 9 o'clock for out of town applicants and day workers seeking information.
Papers have been taken out for the renomination of Andrew J. Peters of the 13th district. They are in the hands of Roger F. Scannell Jr. No other papers have been taken out in the 13th district.
The weavers strike in New Bedford threatens a general stoppage across crafts paralyzing the cotton cloth industry. I W W organizers push a broad fight while dealers cut credit and relief plans face strain as 600 workers depart for other cities and plans for a six mile parade unfold.
Lieutenant Governor Robert Luce faces no opponent for renomination. Republican contenders for governor papers include ex Speaker Joseph Walker and Belmont Colonel Everett C Benton. A third set was filed yesterday by Dominic Maggi of Revere.
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