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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 24, 1915
Page
10
Yesterday's trading showed total New York sales at 469 900 and Boston at 19 522 shares. Baldwin Locomotive led New York activity with 51 700 shares while American Zinc topped Boston with 3 200 shares.
New York July 2 Market action repeated yesterday with further downgrades in war shares led by Bethlehem Steel common and preferred. Baldwin Locomotive hit a new high, while several rail stocks fell to long-time lows amid weak cotton prospects and mixed earnings. Bond markets were irregular as foreign selling continued and total par value sales reached $1,655,000.
The Boston market softened with copper prices dropping to about 1834 cents per pound and spelter near 19 cents. Buyers stayed light, while inquiries for large copper lots rose from abroad. Atlantic Gulf & West Indies may report May earnings gains. Boston and Maine stock remained around $21 despite possible stockholder assessments.
A 1915 corporate notice lists the Municipal Service Company preferred stock dividend payable August 1 1915 to holders of record July 24 1915. The notice heralds transfer agents Baker AylIng & Company and cites related financial obligations.
Boston July 28 high and low prices of securities traded on the Stock Exchange and their comparison with previous close. Bonds figures are listed among details.
Traders focus on Steel common as the market’s pivotal stock with large volume in a narrow range 62 to 65. Analysts note earnings for the June quarter may more than double, while other issues like Southern Railway and Rock Island face weak outlooks amid war stock gains and currency concerns.
Copper remains dull and barely steady as large sellers ask 191 2c for electrolytic and 1 11 2c more for Lake grades. Second hands list spot July August Lake at 19 1 4 19 1 2c. electrolytic 18 7 8 19 1 8c. casting 17 8 8 17 1 8c. Spelter weakens. New York spot 19 3 4 20 1 4c with July 19.70 20.20c and other months declining. East St. Louis spots range 19 1 2 20c, August 18 1 2 19c. Joplin zinc ore steady at 95 120. Lead dull around 58-8c. outsiders bid 5 1 2 5.60c spot July. August 5.55 5.65c. New York Straits tin firmer at 367-8c. Other metals listed with various quotes. iron and coke prices noted for delivery through 1916.
Orders issued to restart the Lake Superior mine after a five year shutdown in October. Shareholders were assessed to raise funds, with single-man drills planned once pumping is completed. Quincy Mining directors set to meet next month for dividend action. last payout was 2 dollars. Copper exports from Atlantic ports for the week ending July 22 were 4310 tons, 10592 tons since July 1. South Lake shipped two carloads of rock to Franklin mill. D N Haynes returns to Pet tigrew Bright & Co. Winona rock now yields 25 pounds per ton with 15 to 16 pounds refined copper, up from 12 pounds historically.
Watertown sells 28 per cent bonds to Cropley McGaragle at 100 744. Other bidders listed. New Bedford seeks bids by 7 45 p m July 26 for 60 000 4 per cent highway bonds dated July 1 1915 maturing 6000 annually 1916 25. Newport grants 25 000 note at 2 49 discount. others include Newport Trust and Lawrence Turnure. Lee Higginson buys Buffalo General Electric 5 per cent bonds due 1989 totaling 1 250 000 bringing outstanding to 3 033 000. Louisiana fiscal agents named in New York. Bristol bids open July 29 for 150 000 4 1 4 per cent city bonds due 1940.
A Shawmut National Bank alarm roared for about ten minutes after a crossed wire set it off last night at around 10 10. The noise spread from the waterfront to Beacon Hill and through Boylston Street to Haymarket Square, causing brief panic but no damage or robbery.
Weymouth town meeting sets the 1915 tax rate at 19.40 per thousand, up 1.15 from 18.25. Assessors cite higher State county highway and Metropolitan Parks taxes totaling about 23000 more than last year.
The New York bond market opened with unsettled tone as Southern Railway 4s and Rock Island debentures 5s show weakness while Southern Pacific refunding 4s remains firm. Wabash Pittsburg Terminal second 4s traded at 1.25 per thousand, first 4s at 6.25. Total sales 1,675,000, compared with 1,579,000 yesterday and 2,276,000 a week ago. Since January 1 sales total 433,226,000 versus 409,134,000 a year ago.
Within 20 minutes of arrival the torpedo boat destroyer Wadsworth, the largest of her type, was placed in commission at Charlestown navy yard. The ship tied at Pier 4-A as Lt. Riddle oversaw inspection and crew assembled on the quarter deck for the Navy Department orders and the ceremonial unfurling of the commission pennant and flag.
President Wilson and party arrived in Philadelphia at 8 40 p m and left for New York twenty minutes later after a long day of work on the American note to Germany. He carried a large leather bag with important papers from the White House to the station and kept it closely guarded.
After boarding the train, he keeps the item in sight and does not permit it to be out of reach.
Chicago July 23 B. B. Johnson president of the American league left for St. Louis to tour and inspect his staff of umpires amid recent host club owner complaints. He defends officials noting confidence in his staff while planning to watch each arbiter across the circuit.
Johnny Dundee of New York outfought Joe Rivers of Los Angeles in a ten round bout in Brooklyn. Dundee won every round except the 10th which was even, and in the fourth he nearly kayoed Rivers with a right cross that sent him to the ropes.
A religious listings section notes Adventist sermons on the Sabbath question scheduled for July 25 26 27 at the Gospel Tent Malden square Malden 7 30 p m with topics including Which Is the Christian Sabbath or the Lord's Day and Did the Apostles Observe Sunday plus follow up discussions. Admission free.
A roster of sermons and services across multiple denominations in Boston includes Episcopal, Adventist, Lutheran, Presbyterian, Salvation Army, Swedenborgian, and Unitarian churches. Notable offerings include Italian Masses, Holy Communion dates, morning services, and summer union worship with prominent pastors and visiting speakers.
Multiple religious events listed for July 25 in Boston area venues. Free Bible lecture by A W Gleason at Steinert Hall 162 Boylston St 3 PM. Various meetings include Unity Camp Saugus Centre 2:30 and 4:80 PM with Messengers, Cambridge Hall 631 Massachusetts Ave, and more. Public invited to spiritualist sessions, lectures, and messages.
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