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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 23, 1917
Page
10
Yesterday totals: New York 633700 shares and Boston 13064. Gulf States Steel led gains in New York rising from 81 to 128 and Federal Mining fell from 434 to 18. In Boston Chicago Junction pref 3% rose to 103 while Granby slipped from 3 to 83.
New York reports a tentative session with war shares prominent and rails showing potential gains. United States Steel surged briefly but gave back most of its advance as overall trading stayed subdued amid a tight money market and ongoing gold inflows totaling nearly 73 million for the week.
A quarterly dividend of 1.50 per share was declared on the preferred capital stock of Adirondack Electric Power Corporation. Stockholders of record at close of business June 15 will receive the dividend, as announced by Hollis T. Gleason, Secretary, late July 2, 1917.
Boston market shows gains across several issues led by traction stocks Boston Elevated and Massachusetts Electric rising 3 and 2 1 2 points Massachusetts Gas up 11 2 points to 99, while others gain a point or more. North Butte directors to meet next Tuesday expected to pass full quarterly dividend despite mine strike. Merchants National Bank declares 1 dividend for Red Cross. W H McElwain reports record shoes sales up about 15 percent to over 28 million dollars in year ending May 31.
A call to action urging supporters to donate to the Red Cross so they can provide care for soldiers in the trenches. It emphasizes parental duty and the need to protect one’s son through wartime aid programs.
A $24.341 million gold shipment arrived yesterday, bringing monthly totals to about $73 million and year to date figures to $456 million. Figures indicate Britain will flood the U S with gold to keep money rates low as war disbursements rise.
June 22 current prices show brokers loans at 6 percent. customers commercial loans 5.14 to 6 percent. outside call loans 6 percent. Bar silver in New York at 78 3/4 cents. Federal Reserve balances 5,804,885. Sub-Treasury credit 62,491. exchanges at 545,742,238 for year. Foreign exchange softer with sterling at 4.767 to 4.757. francs at 6.75, guilders 4.15, lire 7.40, roubles 23.60 in afternoon banker rates.
The message urges public aid to keep the army in top shape through fitness initiatives. It emphasizes collective effort by civilians in aiding national defense and morale during wartime.
A new six cent fare schedule for the Bay State street railway system was ratified after talks between road officials and city representatives. Most cities withdrew opposition. Hyde Park, Lawrence, and Newburyport still object. A second hearing is set for Tuesday at 9 30. Working men’s tickets remain unchanged for now. The plan covers fares within and to Boston Hyde Park Beverly Brockton Chelsea Everett Fall River Haverhill Lawrence Lowell Lynn Malden Melrose Peabody Quincy Revere Salem Taunton with twenty tickets for one dollar, valid for one fare on weekdays after 1 pm, weekends and holidays excluded.
Liberty bonds attracted more than 4,000,000 in subscriptions with amounts ranging from 50 to 10,000 dollars. A notable 21 subscribers sought allotments of 5,000,000 dollars each.
The New York Federal Reserve district led all regions with subscriptions totaling 1,186,785,400, far ahead of Chicago and other districts. Secretary McAdoo outlined allotment rules across five tiers, with large over subscriptions distributing bonds at 20.2 percent and 20.17 percent for two large subscribers. He asserted the broad national support for wartime finance and American aims.
Preparation is key as the Red Cross urges community members to do their part to ensure a successful relief effort. The message emphasizes readiness and collective effort to assist those in need.
Rear Admiral Bradley A. Fiske argues torpedo planes could destroy the German fleet at its bases and give the Allies control of the North Sea and coastal waters. The Aero Club of America endorses the plan through its Board of Governors.
The New England Fish Exchange faced a monopoly action over the fresh fish industry but failed to lower prices. On the day, two boatloads of mackerel and a tile fish boat landed at the fish pier, totaling 100 pounds of mackerel and 50,000 pounds of tile fish. Officials declined comment, saying details would emerge in court.
Three hundred and fifty men have been recruited within the past two weeks for the Massachusetts National Guard not in federal service. About 100 men, already enlisted, have been discharged to join the regulars and various medical corps units being recruited by regular army officers. An nouncement at the adjutant-general's office yesterday reported this.
Hettman pitched well for Portland yet fielding errors allowed Springfield to win 4 to 2. Springfield scored two unearned runs while Portland could muster only five hits with three errors by Bradshaw Dee and Lord among others.
Mr and Mrs Edouard Majulien of Brookline announce the marriage of their daughter Marie Rosa to Joseph Clifford Westlein U S N R of Sioux City Iowa on June 21 1917. Sioux City papers please copy.
Boston Lodge No 10 B P D Elks announce the death of Brother John B Baum. Funeral at his residence 56 St Andrew road Fast Boston Saturday June 2 at 2 pm. Exalted Ruler Dr Joseph Santoluosso and Secretary P F McCarron request attendance. A months mind mass for Mrs Mary F Anderson at Sacred Heart Church East Boston Monday June 25 at 7 am.
Daley Porter Sacrifice hits by Schreiber Gardella Wilder Potterger. Schreiber Daley and White Flynn Gaston sacrifice flies. Double plays Simmons to Schreiber White to Flynn to Gaston. Walks off Lawrence Keifer. Hit by pitch Keifer Porter Lawrence Conway. Strikeouts Lawrence two Keifer three. Umpire Dessau. Time 1h 45m.
Bridgeport defeats Hartford 7 to 4 as Wilson clears the bases with a two run double in the sixth. Smith allows a rough inning. Trautman and Tencate also weather the mound for Hartford. Zinn Lear Deininger Egan Jenkins Purcell Low Burke score for Hartford with Wilson contributing six innings of work for Bridgeport.
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