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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 09, 1914
Page
14
Government records show wheat production surging to 900 million bushels with a 14 million pound surplus for copper, while copper metal touches 14 cents. International Harvester releases its annual report as Boston Elevated advances three points to 86 and market undertone strengthens.
Report shows New York and Boston daily and year to date stock totals. Highlights include J Kayser & Co and General Motors movements, Boston Elevated gains, Ahmeek Mining losses, and call and time money rates in both cities.
A tepid New York market saw little movement after an open selloff tied to mediation talks with Mexico. Prices drifted with a heavy tone until a Tampico blockade news reversal gave a slight lift. Shreveport rate case and crop data failed to spark gains, bonds steady with $2,036,000 par value traded.
Safety minded investors are informed of bond offerings by Southern California Edison Co. with a contact at 78 Devonshire Street Boston for Carnest E Smith. The notice outlines bond details and subscription steps.
Trading in Boston stocks was light with 12 777 shares. Boston Elevated rose to 86 from 2 12 up three points and five points since Friday. Copper Producers Statement May 1 surplus up over 14 million pounds had little effect. Shoe Machinery saw profit taking. the day ended firm.
Watertown Mass invites bids until 3 30 p m June 12 for a temporary loan of 75000 dollars due April 14 1915.
The International Harvester Corporation and affiliates announced 1913 year end figures. Net income totaled 10 256 628 with net profits of 7 156 253. Dividends required 4 100 000 leaving a surplus of 8 055 258. Current assets were 98 490 258 with current liabilities 28 089 016 including 7 259 013 for goods from IH Company of New Jersey.
In this Sunday Post color comic, Hank rescues his animal friends just as trouble looms, delivering a timely and lighthearted rescue moment.
Prices gained early on renewed rally but activity faded before noon. Copper fell to 14 cents, while Boston Elevate rose on expected gains. Wheat and oats prospects shown as strong, but corn condition not reported. Stock market remained dull at the rally peak.
The Copper Producers' statement shows May production and deliveries increasing the surplus by 14 million pounds. April set a record while consumption and domestic deliveries fell, export deliveries were the year’s lowest month, total deliveries under the four month average, and street estimates had expected about 20 million pounds.
King Alfonso of Spain traveled on the same train as Colonel Roosevelt last night. The royal car was attached to the train at San Sebastian at midnight. The King left the train there to proceed by motor car to the Palace of la Granja.
United States government bonds reported in New York on June 8 show a 7 5 basis point movement amid cautious trading. Investors await economic data and Fed signals as yields edge slightly higher.
A large fleet of 15 schooners and a beam trawler discharged catches by noon, led by J. H. Homer with 50,000 pounds of halibut and others landing large quantities of mackerel. Prices quoted include haddock four cents and various cod hake and mackerel rates. The Franconia sails noon for Liverpool with nearly 200 saloon and 900 steerage passengers. Caronia reports a six day thirteen hour voyage to Boston. Live lobster cargo sets a new local record aboard Admiral from Woods Harbor. Daly Provincetown trips start Saturday with Dorothy Bradford.
Early morning in Boston a water main valve was shut to a pumping station and later reconnected, spraying several tunnel cars and startling passengers. Officials confirmed the leak came from city water, not the sea, dispelling wild reports of a harbor flood.
Maritime listing details steamers and schooners arriving or leaving ports including Numidian McKillop Glasgow Moville Thorn Wiik Bara co a Cuba Kilsyth Laing Banes Cuba Everett Giles Norfolk Howard Chase Baltimore Newport News Norfolk George Hawiey Moses Sewalls Point City of Philadelphia Krumm Stockton Springs Me etc plus tugs barges and towing craft moving between Philadelphia New Bedford Newport News Portland Port Johnson and Salem with barges left at various ports.
Readable bank report guidance explains cash as regulated by law, demand loans as secondary reserves, lime loans as fixed maturity notes, and excess balances usable for investments in real estate and securities. The March 4 1914 report from American Trust Co lists deposits capital surplus and undivided earnings.
Providence and several tugboat companies report towing operations and barge movements along the Atlantic coast. Vessels named include Governor Cobb, Ontario, Mineola, Alice M. Colburn, and many others with tows to Newport News, Baltimore, Portsmouth, South Amboy, and beyond.
Whitney and Elwell of the New York and Boston Stock Exchanges occupy new quarters on the second floor of the Merchants Bank Building at 30 State Street. Old Dominion reports a May copper output of 3 203 000 pounds, a new high, vs April 2 779 000 and March 2 997 000. Pacific Gas and Electric asks stockholders to approve 12 500 000 in new preferred stock to pay 7 000 000 one year notes and other debt. Butte and Superior May ore output totals 33 510 tons with 10 010 tons concentrates assaying 65.369% zinc. total zinc produced 10 729 398 pounds. W. H. Fleming of F. H. Prince & Co. dies at 50 after 30 years in Boston Stock Exchange firm. Goldfield Consolidated May net 152 000 versus 153 000 April, 162 000 March, and 182 182 February.
A slate of dividend declarations for the coming quarter includes Cincinnati & Suburban Bell Telephone Company at 2.5 percent, J S Case Threshing Machine Company at 4.5 percent on preferred, Garvin Machine at 3.5 percent, Hendee Manufacturing at 4.5 percent, Joliet & Chicago Railway at 13.25 percent, Kansas City Fort Scott Memphis at 1 percent, May Department Stores at 13.5 percent, and St. Louis Iron Mountain Southern at 2 percent.Books close and record dates vary, with most June 15 to June 20 and payments in July.
Kings, owner of many horses, presented Wilmering, a handsome trotting stallion, at the United States Breeding Bazaar for cavalry horses. Wilmering is eighty and won a race at Dallas a decade ago, pacing a mile in 2.12 1-4. His beauty size and blood lines have drawn praise in Europe.
Cornell crews opened their Hudson practice under a scorching sun with three shells going five miles. A fisherman's stake fouled the varsity boat near Milton bending the outrigger. Chandler may replace Rand to steer the senior shell. Columbia teams also logged about twelve miles later in the day.
The Sunday Post showcases the latest bathing suits in color, highlighting current trends and summer silhouettes. Readers are invited to see the new season’s designs and how they fit different figures.
The Board of Harbor and Land Commissioners invites sealed proposals for dredging two Duxbury Bay channels and an anchorage, a concrete sea wall at Falmouth Heights, and a stone breakwater at Salters Point Dartmouth, with separate bids per locality. Also bids requested for Worcester State Asylum coal delivery and prepayment terms, plus federal immigrations station equipment bids in Boston.
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