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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 27, 1913
Page
18
Market activity remains light as prices fall. American Car Foundry issues its annual report. Southern Pacific shows solid earnings for the month ending May 30. Woolen preferred stock declines 1 percent to 74 percent of par.
Total sales in New York 222,800 shares and Boston 12,262 shares. North Butte led New York with 3,236 shares and Union Pacific led Boston with 46,900 shares. Year to date totals show New York 45,131,300 and Boston 2,769,597 shares. Comparisons to last year show declines. Notable gains include Baltimore & Ohio pfd in New York and Edison Electric in Boston, with losses in Looser-Wiles pfd and United Fruit. Call and time money figures updated for New York and Boston.
London cabled higher American stock prices, but New York traders sold early gains as sentiment grew bearish among professionals. Reading, Steel, New York Central and others lagged, while new issues totaling about 35 million dollars weighed on the market. Tennessee short-term notes sold at a yield of 5.12 percent amid easier money conditions.
The Boston market shows extreme dullness with scarce news and minimal demand. Only a few issues like North Butte, Steel, and Alaska Gold traded meaningfully, while old line stocks mostly failed to meet expense-officer expectations. Woolen preferred slid to 74 1/4 amid light activity.
The General Gas & Electric Company announces a regular quarterly dividend of one and one half percent on its preferred stock payable July 1, 1913. Stockholders of record at 3 p.m. June 20, 1913. Transfer books closed 8 p.m. June 20, reopen 10 a.m. July 2, 1913. O Clement Swenson, Treasurer.
Copper Range Consolidated Company announces a 75 cent per share dividend No 88. payable Tuesday July 1, 1913 to stockholders of record at the close of business Saturday June 7, 1913. Frederic Stanwood, Treasurer, Boston, May 29, 1913.
Mexican Metals traded 11 500 shares on the curb market yesterday with price movement from 41 cents to 61 cents, closing at the day’s high. All other curb dealings in listed shares totaled 4 500 shares, with details showing fluctuations across the session.
Markets show limited rains in the Northwest pressuring spring wheat with declines around 14 to 54 percent in distant months while corn gains sustain strength. Oats hold steady with minor changes. international wheat and corn prices move differently across Liverpool Paris Berlin and Budapest. Receipts rise in Minneapolis and Duluth. Chicago car lots show activity. export sales reach 170000 tons of wheat with 10000 new No 2 red winter for July shipment.
The market shows mixed quotations with little real trend. Southern Pacific earnings for May and 11 months are up, likely yielding over 10 percent for the stock, while Union Pacific nears a receivership path. Chesapeake and Ohio note issue was smaller than feared, and Union Pacific stock recovered near 14 3/4 from recent lows.
The annual report for the fiscal year ending April 30 1918 shows a common stock surplus of just over 4 percent, up from 2.46 percent last year. Cash on hand fell to 3.42 million while material on hand rose by about 4.4 million and accounts receivable doubled to over 18 million. Accounts payable nearly tripled to over 17 million though networking capital rose to 21.3 million and profit and loss surplus exceeds 25 million, equating to over 80 dollars per common share. The firm has no funded debts or notes outstanding and is described as conservatively run among equipment companies.
Stockholders meet July 28 to vote on raising capital stock from 200000 to 500000 with a 75000 surplus. Since December 1909 deposits rose from 250000 to about 1500000 and current depositors number around 1000. A new 300000 stock issue, likely at 125 per share, would be offered to stockholders. Dividend payments are postponed during the pending increase.
A local banker notes Arlington mills, second to American Woolen in size and credit, and asks how a forced halving of its dividend would affect American Woolen preferred dividends. He frames the issue as a gauge of broader industry prospects and investor confidence.
Massachusetts and Tennessee bond activity includes Medford bids for a temporary 100000 loan due 1914, Bristol County notes dated 1918 due 1915, and Waltham bonds for various purposes. Westfield plans 4125 percent bonds for school and sewer projects, while Boston and Albany seeks 25 year improvement bonds with bids due soon. Strong bidders listed include Curtis & Sanger and Merrill Oldham & Co among others.
The cotton market showed a narrow trading range with prices easing 6 to 10 points from the prior close amid profit taking. Liverpool’s muted response and Habersham King’s favorable weekly report pressured futures, while a rumor about crop condition briefly lifted prices. Traders awaited tomorrow’s notice day for July delivery as warm belt weather steadies sentiment.
The bond market showed continued inactivity with firmness prevailing among key issues. Notable strength appeared in Baltimore & Ohio convertible 414s Chicago Burlington and Quincy joint 4s Third Avenue adjustable 4s and New York City 4348, 1963.
The page lists Bid and Ask quotes across multiple securities and bonds including C Edis, Chi Tel, Met El, Pn Tool, and US Carb with varied percentages. It also records stock-like items such as Pacific Gas, Chi Rys, and West Stone with notable spreads and par values, reflecting a volatile trading session.
Trading remained quiet in metal markets with copper holding steady while tin weakened by 1 cent. Spelter fell five points on the day as 50,000 pounds of East St. Louis spelter for August delivery traded at 5.10.
Market quotes list several stocks with bid and asked prices and percent figures for names including Cambria Sl Lehigh Nav Lehigh Vy Pa Steel and Penn Salt among others, showing trading activity and price levels in a compact release.
Five groundfishermen seven mackerel vessels and two swordfishermen formed the fleet at the wharf. Small mackerel sold at 6 cents a pound. Arrivals include Norma Romance Bessie Duggan Rob Roy Lottie Merchant Constellation Pinta Margaret Haskins Corano and others in small catches. Swordfish came aboard M Sennett and Rose Standish with 63 and 71 fish respectively. Elk landed 30000 pounds halibut and 70000 pounds cask. Varying prices for haddock cod hake pollock listed. Yarmouth steamer delivered 293 barrels of mackerel from Nova Scotia. Vesta landed 107 barrels at Provincetown. E Mce Nichol carried 6600 lobsters to Boston after fog. Vessel Vincenzo di Georgio encountered off coast.
The Boston Post release details ownership management and circulation for the period ending April 1 1913. Edwin A Grozier is listed as publisher and owner with stockholder names including Grozier McDevitt and Taylor. Average daily circulation 14 067 paid copies and total Boston daily circulation 407 013. Sunday edition 819 714 with net paid figures 286 618 for Sunday. Notary public Edward C Fitzwilliam witnessed on June 25 1913.
Arrived from Port Antonio Jamaica with 22 000 stems of bananas for W W C R Noyes at Commercial wharf. Vera United Fruit liner from Port Antonio brings 22 552 banana bunches seven barrels of limes and five passengers. Laconia and Cymric passages noted with passenger lists and ship movements off Boston Light. Captain reports Jamaica’s plentiful fruit following storms.
Steamers Arabic and Finch, bound for Liverpool and Queenstown, Indiana, plus Pilcher sailing to Yokohama and Hiogo, report progress through Meji, Shanghai, and Hong Kong. Authorities note cargo details and port movements as ships traverse key Asian and British trade lanes.
A detailed list records ships sailing from and arriving at ports including Port Antonio, Yarmouth, Gloucester, Newburyport, Bangor and Philadelphia. It names vessels such as Mesaba, Calvin Austie, Eureka, Reliance, Bay View, and attachments like tugs and barges. The report notes premature report on schooner Edward Trevoy.
The United States and Mexico let their special arbitration treaty expire today and no immediate renewal is planned. Secretary Bryan favored renewing such conventions but this could not be done with Mexico without recognizing the Huerta government, a step the administration is not prepared to take.
On Tuesday June 24 1913 at St Anne s Church Lincoln Massachusetts Anna Rodman daughter of Mr and Mrs Arthur Stuart Eldredge wed Stephen Norman Bond of New York assisted by Rev Samuel Snelling and Rev John M C Wilson. Later on June 24 at 4 o clock in the First Parish Church Brookline Susan Jamison daughter of Mrs Frank E Sweetser of Eas and Charles Moorfield Storey of Lincoln married by Rev Dr William H Lyon.
Obituary notices list multiple individuals with birth ages and funeral details across communities including Chelsea Lynn Roxbury Jamaica Plain Somerville Hull East Boston South Boston and Chelsea. Entrants include James Blandford John C Brown Bridget Burns Rachel Charak James Cruickshank John Dwyer Bridget Fweeney Frederic Hull Thomas Ivory Margaret Maher Amanda Mann with funeral times locations such as Universalist Church St Patrick’s Sacred Heart and Gate of Heaven Church and residences cited. Relatives and friends invited to attend.
Commonwealth of Massachusetts Suffolk Probate Court cites Louis Eliasowitz of Boston to appear July 10 1918 at ten o clock to show cause why name change to Louis Ellis should not be granted Public notice required three consecutive weeks in Boston Post Judge Robert Grant presiding Register Arthur W Dolan authorizes publication
Classified notices advertise high cash prices for furniture and bric-a-brac by A. Lowenstein and Sons with contact at 1280 Washington Street, and F M McCarthy for new and second hand furniture at 80 Hollis Street. Also Lamb-Bush Furniture Co in Boston offers exchanges and cash for old items, J W Abbott advertises cash for household furniture and pets, plus Joseph Be. Greene Co offers electric fans and refrigerators, and Albee's promotes store fixtures and ranges. AMONG other notes a goat and team for sale is listed with terse instructions.
Proposals will be received at the Bureau of Supplies and Accounts Navy Department Washington until 10 a m July 15 1918 and opened publicly for furnishing yellow pine decking at the navy yard Boston Massachusetts Applications for proposals refer to Schedule 5608 Blank proposals available from the navy pay office Boston or the bureau T J Cowie Paymaster General VA 623 18 BIECTRIC motors power and light equipment lowest cash prices Federal Hardware Electric Co 164 Federal st city
Obituary notices list multiple Boston area burials and funeral times including Mills, Moore, Nazzaro, Odenweller, O'Leary, Proctor, Rowell, Scanlon, Scannell, Warren and a memorial line for Jeanie White. Entries give names, relatives, residences, funeral and mass times, and church or cemetery details.
Classified notices seek boarding houses in Roslin dale and Forest Hills with sanitary conditions for babies and invalids. A nurse offers a pleasant home for invalids and elderly with reasonable terms at 450 Moody St Waltham. Union Park offers two rooms with piano and telephone at 26 27. Private hospital advertises good care and reasonable terms. A country housekeeper with children is sought for pleasant rooms and electricity at 120 Summer St Somerville.
Abbreviated classified notes advertise rented typewriters and rebuilt machines priced from five dollars for four months, with dealers offering bargains on Remington and Smith Premier models, plus repair and supply services. Auto rentals list eight to nine passenger cars and Packards with special terms and telephone contacts.
New England Storage Warehouse at 82 George Street Roxbury Mass lists two thousand sanitary rooms and describes itself as the largest furniture van handling warehouse in Boston with direct access to rooms. Also notes boats safes machinery and property moved by Wotor boats and mentions C Bowen at 2 Bowker corner Sudbury.
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