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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 17, 1912
Page
14
Prices remained in a narrow trading zone with lenient volume as crops show mixed signals. Wheat outlook weak with June crop at 628 million bushels while spring wheat tops a decade high. oats improve and pasturage strong easing food-price pressure. Market digestion continues as bond and stock issues reprice, with approvals delayed and Pujo inquiries ongoing.
A detailed look at Reading Company stock notes rare activity over 10 to 15 years driven by a 70 million outstanding share base. It highlights large holdings in treasuries, volatile price swings, and the belief insiders prefer price volatility to immediate asset distribution.
The Boston Stock Exchange notes that the metal price remains high and expects copper share prices to align with current metal earnings. A clearer market direction is not anticipated until after the conventions have passed and a definite trend emerges.
Hayden, Stone & Co. in Boston and New York note strong local interest in high profit ventures amid copper shares posting gains. Copper above 17 cents a pound has driven demand as consumption surpasses production by about 15.5 million pounds in the last month, signaling anticipated gains for copper equities. Hunt Ellis & Co. reports occasional bear jolts but resistance preserves long stocks, squeezing high priced luxuries and pushing shorts into strong hands. Edward Graff comments on the same tone from Boston.
The Island Creek Coal Company directors declare the regular quarterly dividend of 1.50 per share on preferred stock payable July 1, 1912 to stockholders of record at the close of business June 22, 1912. Dr. W. Batchelder, Treasurer.
A previously unattributed Harper's Magazine poem recounts an 1856 assault on a hill by Prescott and allied officers. The verse traces the defensive stand, bayonet clashes, and a costly retreat, ending with Warren’s martyrdom and Heaven.
Copper is in a strong statistical position as world consumption exceeds production. The United States may drive a new peak in demand post 1907 crisis, while European consumption rises from 1.0 to 1.4 billion pounds annually. Since the start of this year the surplus dropped by 40 million pounds, with US stock down to 49 million and world stocks at 149 million as of June 1, signaling a critically tight supply.
Prominent finance figures express optimism about the market. Information channels suggest cheap money will support prices for now. Conservative interests advise a bull tilt on reactions for turns.
A fragment notes a dog known as He She or He He judged to be as knowledgeable as a human. The remark hints at age and wisdom in the animal, reflecting a playful comparison from a casual observation.
Maine will test its new direct primary law with nominations by Republicans Democrats and Socialists for state county officers and the Legislature. Democrats and Republicans will express preferences for party candidates for United States Senator with the vote serving as a guide to the incoming Legislature.
Democrats face no statewide contests with Governor Plaisted unopposed and Obadiah Gardner as the sole Senate candidate. Republicans field Boothby Haines Shaw for governor and Burleigh Heath Powers for Senate. Voter turnout is expected to be light, but the new primary law remains a key feature, letting residents nominate state and county candidates and hint at Senate picks.
Providence reports John Doe, mate of Mary Doe, missing after capture by Lieutenant John J. Toole. Doe returned to town in search, leapt a barbed wire fence and fell, breaking his neck in a public scene described as a death by own action.
Socialists plan a meeting Tuesday evening June 18 at 8 o'clock in Faneuil Hall to discuss the street car strike and related conditions. Rhode Island Assemblyman James F. Reid will attend from Providence along with national organizer Fred Fay and vice president P. F. Sheehan. Cambridge mayoral candidate John L. Fitzpatrick and a former Boston Elevated railroad employee will also speak. Resolutions will be presented and the hall is expected to be packed. Doors open at 7 15.
Several thousand people attended the reopening of the People’s Institute on Chambers Street. The fully refurbished facility showcased classes clubs and library activities while a new management plan aimed at broad membership dues funds operations. Henry H. Levenson retires from presidency as J. Rosenberg leads a new board of directors.
Aaron Gustafson, 49, of Brockton Avenue Quincy, drowned Saturday night when a fishing dory swamped in Town River. His body was recovered near the riverbank early Sunday by a search party led by Rev. G W Lindstrom.
Miss Katherine E. Conway of Boston, a Notre Dame faculty member, was praised as one of the most intellectual and lovable women in America in a letter from Boston Mayor Fitzgerald read at her Pro Ecclesia et Pontifice ceremony in Notre Dame, Indiana.
Mayor John F Fitzgerald writes that Katherine E B Conway will receive the Pro Ecclesia et Pontifice decoration from Notre Dame. He notes her Laetare Medal, editorial work, poetry, teaching, and influence in Boston among eminent Catholics and Irish leaders.
Sings by the Mannerchors of Clinton Providence Lawrence and Roxbury plus gymnastic displays mark the second day of the New England Turner convention in Arbeiter Hall Roxbury. Over 10 000 visited the hall and 600 turners attended from across the region. The program runs from morning mass exhibitions to afternoon relay and tug of war with prize games in the evening concluding the fest. Committee chairs are E Marcus John Kalbskopf Otto Lembke and Carl Bauer.
Inspectors from the State Fire Marshal's office examine the blaze at F. E. Jones & Co. wholesale leather house on the fifth floor at 9 South Street. Chief Sonnet says the origin is not traced and spontaneous ignition is unlikely. all entry doors were found locked.
Hedley Gold Mining closes books for Hedley group and Inter. Silver preferred. New York State Railways common and preferred close books. Phelps Dodge United Shoe Machinery common and preferred. United States Rubber special meeting. Cal and Ariz Mining for dividend. DuPont de Nemours Powder company for dividend. Laclede Gas Light common and preferred for dividend. Pabst Brewing preferred.
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