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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 25, 1913
Page
14
Stock prices show a conspicuous advance with Amalgamated and Reading leading gains. New Haven hits a new low of 993.8 before recovering a full point as bond activity improves. Government issues remain notable with the Twos at 96 bid.
Yesterday's totals show New York sales at 310000 and Boston at 16089 shares. U S Steel led New York activity with 58000 shares while New Haven topped Boston with 1306 shares.
A dull trading session in New York saw mixed moves with New Haven sliding near its low, some government issues soft, and late buys in United States Steel Union Pacific Amalgamated Copper and Reading lifting prices. Profit taking followed before a final firm close as Americans faced a London selling turn.
The Boston local market reports heavy buying of copper amid a strike at Lake Superior mines reducing production. Amalgamated, Granby, Allouez and Mohawk lead gains while New Haven hits a new low before recovering. United Fruit stock also climbs amid broad demand as the day ends firm.
Calendar lists dividends payable for Can. Car & Foundry Chicago Pneumatic Tool Du Pont de Nemours Homestake and others with percentages. Notes ex-dividend items Bee Calendar for Saturday Blue Bell Magazine Pipe Line Co and Procter & Gamble showing additional percentages. Books open at Chief Cons, Electric Power of Abington & Rockland. books do not close.
The article notes that the New Haven 67.5 million 6 percent 2 year debentures face weak demand as old 6s lose value. New issues due 1938-1939 offer convertible features and better terms, while the company struggles with prior financing and recent short term notes. Copper prices rise amid Lake Superior strike, and Kansas court orders Atchison to settle bonds at current rates. Market breadth shows mixed gains in Amalgamated, Steel, Union Pacific, Reading, and Pennsylvania while New Haven and several others lag. Analysts warn of low volume and question a lasting bullish move despite brief recoveries.
The West Penn Traction and Water Power Company reports year ending June 30 1918 with gross earnings of 4181728 up 1515433 and net earnings of 1839389 up 548723. Over the last 18 months the firm spent about 7000000 on extensions improvements and acquisitions driving higher fixed charges.
United States Government bonds closed 14.1 points lower in bid. Major activity centered on Baltimore and Ohio convertibles Chicago Burlington & Quincy joints Rock Island collateral 4s New York New Haven & Hartford convertibles New York Railways and Third Avenue adjustment 5s with a generally modest level of firmness overall.
The Boston City Club broke ground at 10 30 yesterday on the Somerset street Ashburton place site. Samuel J Elder club president lifted the soil with a silver shovel as Rev How ard B Grose led an invocation and Thomas J Kenny acting Mayor spoke for citizens.
June copper output reached 4,392,612 pounds, down from May’s 4,520,000. year ago June production stood at 3,162,310 pounds. Anaconda President Thayer confirms a slight production curtailment while Shattuck-Arizona increases to 600 tons daily at the new Calumet & Arizona smelter. London cable reports market fear over Lake Superior mine shutdowns. Amalgamated quotes 67 pounds 6 shillings for August/September electrolytic, up 1-8 from prior quotes. Tuolumne ships 100 tons daily with minor mine improvements, and Davis-Daly ships 260-800 tons daily.
Shorty Mc Cabe tale by Sewell Ford appears in Sun day Post Magazine. The feature highlights Honoria in a humorous sports cue and playful narrative.
Republican Senators pressed amendments to most paragraphs of the Underwood-Simmons tariff bill as reading resumed. Weeks of Massachusetts and Works of California led critiques, while long, slow debate yielded little progress after two hours of consideration.
Senator Lodge objects to a proposed camphor duty and calls for a record vote on adding it to the free list while Senator Weeks accuses the Democratic party of promising to fix conditions by raising costs and reshaping the economy. He predicts upheaval if the plan advances. Secretary Redfield and Underwood statements on tariff investigations are condemned as intimidation.
Miss Anna J Townsend Albany society girl and granddaughter of General Franklin Townsend is engaged to Frank Harriman Godfrey of Brookline Beacon Street.
The engagement of Anna Townsend of Albany to Frank Harriman Godfrey Harvard 12 is announced. Godfrey, son of Lester N. Godfrey, lumber king, and with parents in England, is to marry this season in September. Townsend is a leading New York society figure and longtime favorite of Frederick Townsend Martin.
Everett awards 444 percent notes totaling 60 000 dated July 1 1913 with payments through 1918 to Merrill Oldham Co State Treasurer Stevens borrows 1 5 million in weekly lots plus 2 5 million this year for taxes City Treasurer Slattery borrows 2 million at 414 percent for November note maturing July 25 bids to Marlboro Mass for a temporary 20 note due 1014
Obituaries and funeral notices for residents of Dorchester Roxbury Charlestown and surrounding areas list individuals such as George W Haslett Christina McKay Arthur H Allan Annie Belanger and many others with dates July 23 24 25 or 26. Services are held at homes churches and cemeteries with mass requiem and interment in Holy Cross Mt Benedict and Calvary among others. Relatives and friends are invited to attend the listed services and times.
A service promises nationwide floral delivery within an hour of order placement. It appeals to last minute gift buyers and emphasizes speed and broad coverage across the United States. The company highlights its logistics network and remote delivery options.
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