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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 24, 1916
Page
12
The week saw little net change in major averages with railroad stocks near post June lows while the copper and industrial sectors edged higher. Analysts see a bottoming pattern signaling potential recovery as wage issues and gold imports shape money rates and rail earnings, with optimism for continued fiscal buoyancy into fall.
City notes report in Cathedral of the Holy Cross a body of more than 250 members of the Particular Council of the St. Vincent de Paul Society receiving holy communion, with Rev. Mr Scanlan celebrant. They breakfasted at the Cathedral School Hall and visited Williams farm Hopkinton. An appeal to 1,000,000 members for the First Thursday League of Prayer for the Salvation of Souls and Conversion of America has grown from 100,000 to a national movement. Cardinal O Connell announced recent Rome ordinations with Fr Aloisius Finn Fr Daniel Burke and Fr Charles White named for Boston parishes. Holy Name Society ladies host a whist party at 77 Northampton St for St Philip s parish field day at Columbus Ave ball grounds next Saturday. Harrison Ave East Concord St Home for Destitute Catholic Children reports 25 admissions and 29 placed in families during the week ending July 13. donations of money clothing and useful articles are requested.
The undersigned states it has in the Sinking Fund the sum of $27,000 for investment in the bonds. Offers of bonds endorsed Tender of Texas Traction Co. Bonds will be received by the Trustee at 17 Court Street Boston Mass until noon July 28 1916 when they will be opened. The right is reserved to reject any offers. Interest on accepted bonds will cease August 1 1916.
The article touts automobile securities as the top market performers, citing gains in Ford, Hupp, Rev, Saxon, Paige-Detroit, Chandler, and Reo. It claims established industry lines and highlights Emerson as a recommended buy, urging readers to verify with brokers.
More than 2000 people attended the novena in honor of St. Ignatius Loyola in progress at the Church of the Immaculate Conception on Harrison Avenue and East Concord Street. The second night of the novena continues each evening this week and concludes next Sunday night.
The Boston Post announces a weekly Monday column answering reader inquiries on listed and unlisted New England stocks and bonds of industrial utilities banks and mills. It will address securities and financial topics impartially from trustworthy sources but disclaims guaranteeing accuracy or predicting market moves. Inquiries must include full name and street address for attention by the financial editor.
Question No. 590-Will you please explain the reasons for the recent sharp decline in Willys-Overland stock in view of the fact that the company has declared an increase in cash dividends and also a 10 per cent extra in stock. Answer-It is not unusual for a stock advanced on news to fall back when the news is out. The drop from 76 to 58 followed the announcement, likely accelerated by a broader war stock decline. Last year the company earned over $11 a share on present capitalization, and this year earnings may double. The stock is paying $3 a share and may rise or be boosted by extra dividends as long as the automobile boom lasts.
The text projects the company will reimburse fat earnings to cover lean earnings from the prior year. The second quarter earnings are estimated at 70,000 dollars, with a 10 dollar per share common stock balance after the first half. A stronger second half is anticipated and a full year total near 40 dollars per share seems plausible.
William R. Willcox, Republican national chairman, conferred with Charles E. Hughes about August 5 start for a cross country speaking tour. The talks focused on appointment slots, with Willcox staying the night at Hughes's home as heavy rain xapped Bridgehampton. Added note: Overfield of Salt Lake City pledged support from former Utah Democratic treasurer.
The Boston Work Horse Relief Association appeals for contributions to fund watering and showering stations for city work horses during extreme heat. The effort, supported by veterinarians and city drivers, funds daily summer showers at five stations with additional stations on hot days. Donations may be sent to 14 Beacon Street. officers listed: Henry C. Merwin president Joshua Atwood III treasurer Lewis A. Armistead secretary.
W C Mack President. Geo A Baker Director and former railroad motive power chief. Bernard Hoersgen Director and former Krefeld Steel and White Star Motor executive. S Hirsch Director and former Richmond merchant now Lock Joint Pipe VP. Chas W Paget Secretary and American Beet Sugar associate with major colonization projects.
The fragment notes a street name and place designation with a five or seven day or date marker. It lacks a clear event or action to summarize further.
Emerson Motors Company, Long Island City, displays a new five passenger touring car at $395. The firm, fully funded with $10 par shares, lists officers led by Willis Emerson and R C Hupp, with extensive banking and automotive ties. The car, praised by R C Hupp for design and durability, marks the company’s first production as it shows in New York City show rooms.
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