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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 25, 1921
Page
12
Total authorized 5,000,000 issued 4,000,000 dated August 1 1921 interest February 1 and August 1. Coupon bonds 1000 denominations payable in gold at Central Union Trust Company New York. Tax details and sinking fund provisions described. Callable at 10714 with 30 day notice.
Boston Post readers receive impartial responses to inquiries about listed and unlisted New England stocks and bonds. The column covers copper stocks like Utah Copper and Kennecott, details on reserves, production, dividends, and balance sheets with figures from 1920. It also notes contact requirements, exclusions on market forecasts, and requests full inquirer addresses. A reader from Portland, Me asks about the Reading segregation plan and potential consolidation of the Philadelphia & Reading and Reading Company, seeking earnings estimates if consolidated.
The Kennecott Copper Corporation owns rich copper ore bodies in Alaska with ore grades from 6 to 70 percent across 2582 acres at Kennecott. It operates a 20 million standard gauge railroad with 196 miles of track and equipment, plus a controlling interest worth 2,385,412 in the Alaska Steamship Company serving mines to Puget Sound ports. It holds 9 percent stock in Braden Copper Company with 108 acres at Rancagua, Chile, and a 6000-ton concentrator, smelter, power plant, 45-mile railroad. Development at Braden reveals 176,640,000 tons of positive ore.
The Reading segregation plan hinges on final approval, with $25,000,000 bonds and $15,600,000 cash to Reading Company, $10,000,000 from Coal & Iron, $5,600,000 from coal stock sales. Consolidation of Philadelphia & Reading and Reading Company would yield an estimated consolidated earning power near $19,000,000 annually, but forecasts remain uncertain until plan approval. The American Sugar Refining Company facing lower sugar prices may struggle to maintain profits, with 1921 first quarter better than second as prices fell from 8 to around 5.9 cents per pound.
Members of the Winthrop Y M H H A enjoyed their annual outing yesterday at Salem Willows. Several auto trucks were needed to transport members and guests to the north shore resort. The outing was organized by a committee led by Maurice Feinberg.
Arthur J. Bean reports a dull but firm week with 19 weak spots, arguing the bear market ended last December after banks delayed liquidation. Rail stocks lead gains on improved carrier outlook, while industrials and copper rise marginally. Monetary easing, stronger land markets, and signs of broad economic improvement support optimism for a later market upturn.
Three boy pedestrians Edward Morley 17 John Melon 16 and Edward Rooney 14 were injured when three cars collided on Charles River Road Water town near the Perkins Institution for the Blind. All youths were treated at home while drivers Chauncey Evans Francis Kelley and Joseph Sheridan escaped injury. Evans car stalled leading to the crash.
Waterfront calendar lists daily tide heights for morning and evening, with partial data on long and decrease, plus 206th day of year, 35th day of summer. Mentions full moon dates and new moon dates, and visible evening and morning planets Jupiter Saturn Venus Mars.
Steamer Glofield arrived in Boston from the Atlantic and left for Hampton Roads en route to Port Arthur to load a cargo of case oil for South America. Clem ent Smith repairs were delayed by a broken part after a round trip to Port Lobos. Bratsberg, eight days fogbound on a 15 day Liverpool run, now in Boston awaiting new orders after carrying sugar between Cuba and England.
Paris fashion writers report the waistline as definite this season, reinforced by steel and elastic corsets. The garment has resurfaced after the war era and is said to be spreading from Paris to America, signaling a renewed silhouette trend.
Miss Irene Bordoni, the Broadway star, praises season designs that restore the figure after wartime corset bans. She predicts a return of the waistline, warns that neglect could yield walking barrels, and notes Parisian and New York women alike were jellyfish-like without corsets.
A major blaze in Rockland Maine destroyed thousands of feet of lumber at C E Bicknell’s yard, with investigators probing possible arson. The estimated damage ranges from $50,000 to $60,000, near the Glover Lumber Company yard that burned a week earlier for about $60,000.
The volume praised President Harding as a good fellow with tact and responsibility while portraying Woodrow Wilson as aloof and disdainful of politicians. The anonymous author offers intimate sketches of 14 public figures, detailing relations with Lansing Lodge Harvey Hughes and others, noting Harding's disciplined limits and Wilson's critique of Lodge. Published by G. P. Putnam's Sons in New York.
A list of arriving steamers and tugs with cargoes and passengers, names include Br ships Bratsberg Johannansen Lom bard's Sons Port Simon Beacon Oil Works Patrickridge Abrahamsen Port Lobos United Fruit Company Eastern Steamship Lines Gulfland Miller Port Arthur Texas Keene Newport News Bel fast City of Bangor Gloucester Plymouth and Norfolk towing barges. Also listed are steamers Glofield Prince Arthur and Jues Gettysburg with barges Langhorne L and W Nos 2 5 9 plus Socony tows and Port Antonio runs. Returned Steamer Clement Smith to Port Lobos with machinery trouble.
A minor earthquake震震 shock was felt in San Francisco at 9 05 tonight. No damage reported as residents felt a brief tremor in the city. The event occurred in the evening and caused momentary concern among locals.
The Post Marine Record lists incoming vessels with approximate due dates including Duke Today Beverie Calcutta Colombo Gloucester Baltimore Norfolk Nantucket Philadelphia Walter D. Noyes Norfolk North Land New York Thomas P Real Bath Me due Tuesday and Scythian Antwerp Providence New York Patermo Ellenorah Jacksonville Charleston North Land New York Delaware Moerrymount Hamburg Take Ellenorah details. Graves Light weather report notes southeast wind light breeze hazy temperature 50s barometer 30.24 sea smooth.
Jane G. Austin’s romance Fiction of Pilgrim Days The Wife of John Carver will appear in full in the upcoming Boston Sunday Post Magazine.
July 24. Joseph A. Bower of Liberty National Bank admits he was part of a Wall Street banking group that courted Henry Ford in Detroit last January offering to finance the $60,000,000 Ford owed. Ford reportedly dismissed the proposal, saying he could finance operations himself, and later told Edsel to become treasurer as well as president. The Liberty National Bank, merged with New York Trust, coordinated the so called financing plan with Bower acting as emissary in Detroit and New York.
A police operation at East Dedham street and Harrison avenue ended with arrests by Patrolman John Hunt of Morris Ferris and others. A hostile crowd hurled rocks and cans while bystanders protested and attempted to intervene. Ferris, Walter Thompson, Edward Callahan, and Andrew Boland faced detentions amid the melee.
Funeral services were held yesterday afternoon at Mt Hope Cemetery chapel in West Roxbury for Corporal Charles H. Lawrence of the 86th Aero Squadron who died in France. American Legion Irving W Adams Post provided the military escort and interment followed at Mt Hope Cemetery. Lawrence, the sole son of Mr and Mrs H B Lawrence of Kenney Street Jamaica Plain, was a Lowell Grammar and West Roxbury High School graduate.
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