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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 18, 1914
Page
12
Attorneys for stockholders ask for a receivership in a restitution case against New Haven. The market uncovers weak spots as M. E. & T. breaks over four points and Denver & Rio Grande hits a new low.
Total sales in New York 312000 shares and Boston 13063 shares. Most active NY issue steel 51300 shares and Boston smelting 2733 shares. Year to date New York 41383200 and Boston 3035226 shares. Last year same period NY 48885437 and Boston 2975341. Notable gains NY Inter. Harvester pfd new 3 to 118. losses NY Erie 2d pfd 5% to 31. Gains Boston Union Pacific 2% to 156. losses Am. Piano 8 to 65. Call money NY 2 34 percent, Boston 3 percent. Time money NY 2 34 to 4 percent, Boston 4 to 5 percent.
General liquidation dominated New York trading with low priced rail issues dropping one to four points. Prominent stocks including St. Paul and Baltimore and Ohio slipped after court actions. A late rally steadied the market as bonds stayed heavy and money rates eased amid bank cash gains. Northwest crop rust dragged agriculture despite spring wheat gains.
Sierra Pacific Electric Company declares a quarterly preferred dividend of 1.60 per share. dividend payable August 1 1894, with record date set at the close of business on July 19 1894. Webster, New York.
The Boston market shows little feature with New Haven quiet but active, volume below recent days. United States Smelting shares trade across the board with no price change, while United Shoe recoups early losses and Kerr Lake gains on favorable property news. Boston & Maine and New Haven receive attention amid receivership announcements, yet overall activity stays subdued.
The market showed persistent weakness with rail stocks leading declines. Missouri Pacific and related Gould issues slid while Denver and Rio Grande preferred hit new lows amid rumors of receivership.
Bradstreets reports show improved crop conditions with rains aiding districts and stronger turnover in summer goods from clearance sales and heat. Iron and steel lines plus farm implements and car repair suggest continued improvement, though industrial output remains restricted and stock markets unsettled. Business failures total 304 for the week, up from 231 last year.
Stock report shows total sales of 1.705 million versus 1.741 million yesterday and 1.423 million a week ago. Year to date sales stand at 397.828 million, compared with the prior year.
The committee representing 4 per cent refunding mortgage gold bond holders of the St. Louis & San Francisco Railroad, chaired by Frederick Strauss, reports most bonds have been deposited under the 1914 deposit agreement. Certificates of deposit at Central Trust Co. of New York are listed on the New York Stock Exchange and the trustee has filed a foreclosure bill. Deposits may continue for current holders, but nondeposited bondholders are warned the committee acts only for deposited bonds and may refuse further deposits without notice.
The foreign exchange market was dull with bankers' activity. Sterling quotes show Cables at 4.8735 to 4.8740, demand 4.87, sixty days 4.8496 to 4.8510, and commercial bills 4.8390. Other currencies include marks at 5.167% plus 104, guilders at 40 1-16 plus 1-64.
R Norris Williams II defeats William J Clothier 6 1 6 1 6 1 in the singles final on turf courts here. Williams, last year's Davis Cup team member, recent Pennsylvania State champion, and Westchester tournament winner, dominates the match.
Williams dominates Clothier 8-6 6-0 as Davis Cup star shows pace and precision. Williams advances to meet T R Pell in the challenge match for the cup while McLoughlin Bundy rally to reach the doubles final alongside Mathey Church.
John Fallon aged 65 of 6 Paris Street Everett died in a heat related incident. The report notes intense heat caused suffering leading to his death.
Bilva died at City Hospital after being overcome loading freight at 629 Commercial Street. McCormack fell from a 25 foot staging in Dover Street yards fracturing his spine and sustaining internal injuries. Fallon, overcome at Washington and Avon streets, fractured thigh and faced possible death due to age, per Relief Hospital officials. The city battled extreme heat with record beach crowds and relief measures including street flushing, watering stations, and noon mail delivery suspensions for cooling. Boston logged 89 degrees, the warmest in New England, as fog kept cooler areas down coast.
A humorous teaser notes Willie the boy inventor debuts a new motto Swat that fly in a feature to appear next Sunday in the Post. The line promises a screamingly funny piece centered on Willie and his quirky ideas.
Medford Massachusetts sold 25 000 per cent high school bonds dated 1914 with 1250 yearly payments 1915 34 to R L Day Co and others bid. Ottawa will offer 190 000 5 per cent 30 year school bonds and 965 950 4 12 per cent bonds of various maturities on August 14. Troy will receive bids for 100 000 5 per cent revenue bonds dated 1914 maturing 1914. Kean Taylor A B Leach and Equitable Trust bought 8 000 000 4 per cent Maryland bonds on joint bid 99.268.
New York-Oklahoma Oil Company sets an initial monthly dividend of 1 percent on preferred stock payable August 10 to holders of record July 30. Portland, Oregon Gas & Coke declares a regular 1 3-4 percent quarterly dividend on preferred stock payable August 1 to record July 28. Pacific Mills pays a regular 8 percent semi annual dividend August 1 to July 17 record. Union Oil announces 2 percent dividend payable August 26 to July 31 record. Willys-Overland issues a 1 1/2 percent quarterly dividend on common stock payable August 1 to July 21 record.
Funeral services were held for 14 year old Beane Beane who died during target practice in Osterville Cape Cod. Our Lady Church hosted the service attended by family and friends as authorities investigate the incident at the Osterville site.
Milford report says Narsis Paboogian died from burns suffered in a lodging house fire on June 16. His death is the thirteenth linked to the blaze.
Gertrude McFarland age 16 of Somerville and two others, Alexander S Neal of East Boston and John Fallon, are described as having suffered prostrations. McFarland collapsed at 37 Meacham Street and was treated at Relief Hospital after also failing at 89 State Street. Neal, an attorney with offices at 6 Beacon Street, collapsed at Parker House and was taken to Relief Hospital. Fallon, aged 65, residence listed as 6 Paris Street, is noted in the brief report.
Listings show sermons and schedules for Adventist, several Baptist churches, Christadelphians, and Christian Scientists across Boston locales. Notable services include Rev Farnham at 160 Warren St, Rev Johnson and Rev Heth at Warren Avenue, and MacArthur at Tremont Temple with morning and evening sermons.
Religious notices list ongoing services across Cambridge churches with pastors named Earl W. Clark Willis H Butler G Charles Gray A Z Conrad and others. Holy communion morning prayer and evening services are scheduled with free seating and specific sermon times throughout the week and at the Cathedral of St Paul St Stephen's Church.
A series of individuals are described as overcome or collapsing at various Boston locations including Washington and Avon streets, Shaw mut avenue, Castle street, Boston Street, and South Boston areas. Injuries range from fractures to spinal injuries with hospital treatment noted at City Hospital Relief Hospital and Carney Hospital. Names include James Nelson Anna Magrath Patrick Foley Lena Gilman Daniel McCormack Ethel Kennedy Gertrude Rowland Mary Eddy Joseph Kosofsky Joshua Goldie Eugene Horgan Terrence Foley.
Officials predict a trend toward cooler conditions tonight after another hot and oppressive day. Prostration and heat-related risks remain looming as the forecast calls for relief to begin with a drop in humidity and lower temperatures tonight.
A lengthy notice lists multiple churches and spiritual groups with service times and speakers. It includes Lutheran St Mark's Roxbury, First United Presbyterian Brookline, First Reformed in Ferdinand, Swedenborgian Church on Bowdoin, King’s Chapel Tremont, Aletheia Truth Society in Somerville, International Bible Students in Steinert Hall, New Thought Forum with Dr Hale Church, and numerous spiritualist and unity events across Somerville, Malden, Cambridge, Swampscott, and Boston locations with dates and presenters.
The day was dampened by a westerly breeze at sunset after rain failed to materialize. Official forecast calls for fair Saturday with cooler night, and Sunday remains fair with fresh westerly winds.
John J. Hubbly a six year old harnessmaker died yesterday afternoon at his home 131 South Street Lynn by inhaling illuminating gas after dinner. He had been despondent for some time. His daughter Lottie found him dead beside the gas stove with both cocks on after returning from work at the General Electric Company.
Eleonora Sears defeats rival Alice Thorndike 6-1 6-3 to reach the Monserrat tournament finals at Beverly. Thorndike had played hard in mixed doubles finals with Hutchins, losing 8-6 6-3 6-3, as a large crowd watched.
Arrangements are under way to receive the Catholic Total Abstinence Regiment of Wilkesbarre Penn in Cambridge on August first. The camp will be set in Russell Field for two weeks with frequent exhibition drills. The regiment previously visited Boston four years ago and camped on Custis Island.
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