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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 04, 1915
Page
14
General Chemical advances to 2012 with Kresge preferred at 5 7 8, Loose Wiles first preferred at 4 3 4 and Underwood typewriter at 5. Calumet climbs 5 and Osceola 3. Edison continues its decline, down to 237, off 2 3 4 points.
Daily stock totals show New York sales 228100 and Boston 31347 shares with Reading leading in New York at 31600 and Butte & Superior in Boston at 4911. Jan 1 to date comparisons show New York 9921200 and Boston 982199. year-ago figures were 16901800 and 1202184 respectively. General Chemical and Calumet & Hecla post notable gains while Minn and St. L pref and Edison Electric show losses in their lists.
New York market rallied with many gains led by United States Steel Reading and other seasoned dividend payers. Despite some profit taking and bear pressure the close was strong with broad participation and several rail and bond movements noted.
Boston March 3 report lists high and low security prices on the Boston Stock Exchange with comparisons to the previous close. The column presents notable price movements and market activity for the day.
The Boston market surged with broad gains across listings. Alaska Gold rose on better ore values, Boston & Maine hit 28, Massachusetts Electric climbed to 46 1/2, United Fruit to 118, and Osceola to 73 as earnings and output plans boosted confidence in March. American Zinc reached a new high of 27 1/2.
The foreign exchange market shows strength with afternoon banker rates. Sterling around 4.81 dollars, demand 4.8014. Francs at 5.27 per dollar, marks 8244, guilders 3975.
Banks in Boston report prime commercial paper at 3 1 4 to 3 1 2 percent with ample idle cash but limited supply. Chicago notes brokerages offer funds under 3 percent as weak trade reduces new paper. Analysts expect spring activity to raise paper volumes while rates stay low due to excess bank funds. Alaska mill ore tests show about 1.94 dollars per ton. Third Avenue Railway stock rises above 50 with dividend prospects uncertain. American Utilities favored stock falls to 60 amid $1.5 million three year notes securing collateral.
At the annual Amer ican Woolen Co meeting President Wood says mills rebound with woolen production near full capacity while worsted mills lag. Foreign orders from England and Russia expected to sustain demand amid war. Copper markets show diverging views with producers optimistic yet signs of weak domestic demand and ample supply. Conversion of American Telephone bonds into stock accelerates on tax advantages and yields.
Total sales reached 2.88 million dollars with 2.077 million yesterday and 2.361 million a week ago. Year to date sales amount to 107.767 million, compared with 164.471 million at the same date last year.
The market reports show prime Lake copper and electrolytic prices for spot March and April deliveries in New York, with rates for casting, Spelter, and lead across locations. Quotes cover antimony, aluminum, nickel, bismuth, cadmium, quicksilver, platinum, iron, coke, and related charges, detailing prompt, March, April, and May terms, plus freight and handling adjustments.
Weyman Bruton Company stockholders vote to raise common and preferred capital from 4 million to 6 million dollars. Northern Pacific reports January net of 1,042,445, seven month total 13,611,476. Missouri Pacific shows January net 884,858 and seven months 9,221,167 with losses. George E. Davis joins South Lake Mining directorate. Chief Consolidated posts 290,907 for 1914 with year end balance 186,745 after dividends.
The Pressed Steel Car Company directors, after omitting the common stock dividend, plan to pass the preferred dividend. The 7 percent non cumulative preferred is stopped due to tight cash resources while the equipment business improves, a first in the company's history.
An unknown five masted schooner lay off shore signaling for help due to the captain’s illness. Report says she may be the Van Allen’s Boughton but arrived at Boston. The revenue cutter Acushnet departed Wood’s Hole tonight to render aid.
In St. John s Newfoundland March 3 the harbor ice tightens risking an embargo on shipping. The sealing steamer Boothie eight days from Liverpool with coal for seal-hunting vessels is gripped in the ice five miles from port. The Red Cross liner Stephano which left for New York today returned after the captain reported the ice pack prevented passage.
Plainfield New Jersey sold one hundred thousand dollars of 4 1/2 percent semi annual 41 12 year average school bonds to Bond and Goodwin at 104 43 Chicago will sell two million five hundred thousand dollars of 4 percent twenty year serial bonds on March 19
The Boston Sunday Post teases a feature on twilight sleep births, claiming a major benefit for women and promising a full report in the next issue. The item hints at widespread use and public interest in the procedure.
Interesting anecdotes about notable people headline the Personalities Page in the upcoming Sunday Post. The feature promises vivid profiles and engaging stories of admired individuals.
In Lynn a Build Now night drew several hundred residents to Odd Fellows Hall under the Lynn Business Men's Association. Speakers from Boston Salem Lawrence New Hampshire and Connecticut praised the Post Guild Now campaign and the association's support for the Build Now slogan locally.
City and regional leaders from Boston Lynn Salem and beyond rallied for New England prosperity urging Buy New England Made. Speakers called for unified legislation and bold booster efforts while praising the Build Now ethic to create jobs and strengthen industry.
In a courtroom defense, Abarno and Carbone claim Baldo planned the attack, rented the Third Avenue rooms, and selected the church. They say they acted as police tools for a frame up, citing Baldo as the sole organizer and target for the promised acts of class hatred against Rockefeller and Carnegie.
Grand jury indicts Frank Abarno and Charles Carbone for plotting to explode bombs at St. Patrick's Cathedral as worshippers gathered. Both held on $25,000 bail. maximum penalty 25 years. Carbone admitted role in making bombs. Abarno claimed innocence while confessing later. Police identify a third man and protect a detective connected to the case.
William G. Powers, 30, of 169 Park Place Brooklyn, walked into police headquarters and surrendered claiming he robbed the Brooklyn Union Gas Company of $500 where he had worked as collector.
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