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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 17, 1916
Page
14
Market commentary notes a sizable retreat in war stocks and related specialties with rails and industrials showing modest declines. The overall trend suggests a readjustment to peace-time valuations, with rails near 1914 highs and profits sustained, while money rates rise briefly and banks tighten lending after a liquidity spike.
The Board of Directors of Laurel Oil and Gas Company Philadelphia announces a regular monthly dividend of one half of one percent and an extra dividend of one half of one percent payable July 25, 1916 to stockholders of record July 20, 1916.
William Flannigan aged 24, of 1794 Columbia road and nephew of John C. Heyer, was found dead in Pleasure Bay near the Columbia Yacht Club. He had been missing since Wednesday noon after swimming at the bay. His coat and shoes were recovered by a newsboy. death believed due to heart failure after a heat plunge. Edger R. Taylor of South Boston recovered the body while rowing.
An automobile securities broker touts auto stocks as the top market earners, citing gains in Ford, Hupp, Rev, Saxon, Paige-Detroit, Chandler, White and more. They claim Willys-Overland Reo and Chevrolet have surged, Paige-Detroit doubling, and endorse Emerson for imminent gains.
A Boston Post financial Q and A column answers readers on New England securities. It covers Draper Company reorganization effects, Virginia Carolina Chemical earnings and dividends, stock margin terms, and Railway Steel Spring dividend prospects along with general investor guidance from the financial editor.
Organized labor in Boston and the state plans to press Governor McCall to remove Edward F. McSweeney from his position as chairman of the Port Directors. The move followed a resolution unanimously adopted by the Boston Central Labor Union at its meeting.
Allegations claim Chairman McSweeney sought to lease Commonwealth land in South Boston to the New York New Haven & Hartford railroad for 2000 without board or state approval. The tract later leased to the New Haven for 10000, spurring an inquiry by Lombard Williams and Joseph Conry. Labor committees plan to brief Governor McCall's council on the stance.
The recommendations of Guy Emerson urging firing mechanics to save city funds were attacked by Herman Commeford of the Metal Trades Council. The Boston Central Labor Union chose delegates for the Massachusetts State AFL convention in Springfield in September. Frank H. McCarthy and Deputy Commissioner Michael A. Murphy named as New England organizer and liaison. Painters Union Local 11 protested the District Council 41 referendum election, alleging irregularities by unions outside Boston in secretary treasurer and business agent selections.
Boston Painters District Council 41 secured a five day work week, endorsed by the Massachusetts State conference of Brotherhood of Painters Decorators and Paperhangers at its final session. The state-wide campaign will start with credit union banks discussed, Worcester Central Union cited. Committees will advocate at the State House for unemployment insurance and the Regan bill.
Elevator Operators Porters Janitors and Watchmen Union 14 215 seeks support from labor bodies to settle a strike over reinstatement on 14 a week eight hour day and time and a half overtime. About 80 strikers have returned. many more may return if talks between the State Board of Conciliation and Arbitration and Cotting estate succeed. Speakers included Ignatius McNulty James Moriarty and Joseph Glavin. Newspapers thanked for fair coverage.
Firemen's Union 8 voted to maintain the strike at the Pure Water Ice Co. Dorchester plant. The union seeks a $22 weekly prevailing wage and an eight hour day and will ask the Massachusetts Trades' Union Liberty League for aid.
Evangelist E L Cardey of New York warned the European war is a prelude to a greater Armageddon in which the US will be drawn into global conflict. The event opened despite vandalism and theft at a tent on Massa chusetts avenue and Astor street, with Elder Arthur W Cotton reporting the loss of three pairs of trousers.
Committees from the Stable and Garage Men's Union 887 were appointed to address grievances with employers in Roxbury Charlestown and Cambridge after a recent strike vote. Reported progress shows the union granting more time to settle disputes with managers in the districts.
July 17 calendar notes include tides and celestial references. It lists day counts in relation to the year and war, summer, and day length with deference to tides and moon phases. It notes tides heights of 11 ft 4 in morning and 10 ft 4 in evening, and full moons on Aug 18 and Sept 11. Mars is the evening star and Jupiter the morning star.
Indications point to a busy day at Fish Pier with a large supply of fish. Yesterday arrivals include Crest 50,000 pounds of groundfish Ripple 60.00 pounds Georgianna 6500 pounds Robert and Arthur 90,000 pounds Albert Black 108 swordfish Hockomock 43. More mackerel seiners swordfishermen and trawlers expected by opening time this morning aboard the Merchants Miners line.
Steamer Howard brings 107 passengers and freight to Boston from Baltimore Newport News and Norfolk. The torpedo boat destroyer Rowan built at Quincy left for Rockland Maine for official trials before government acceptance. Rowan launched March 24 and mirrors the Sampson. Esparza docked after a fast passage from Port Limon Costa Rica with 4 passengers and 35000 stems of bananas plus citrus. Francisco Machado sent home by American consul after missing his boat. Boston to get a new boarding cutter Winni simmer hauled to Baltimore for overhaul. Tioga to take duties starting Sept 1.
Shipping records show numerous steamers and lighters arriving at and sailing from Portland Gloucester and nearby ports. Vessels include steamers Asparta ONeill Port Simon Costa Rica Prince Arthur Kinney Yar mouth and many more with barges tugs and tows noted. Reports mention Kanawha Rowan Prince George Yarmouth Calvin Austin and Enterprise among others with movements on the 15th and notes on a premature sailing of tug Albert J Stone.
In Charlestown on July 16 Mary J. Dunn beloved wife of Patrick J. Dunn funeral from her late residence 41 Moulton Street time of funeral later
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