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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 12, 1915
Page
18
Boston March 11. The high low and last prices of securities traded on the Boston Stock Exchange are listed with comparisons to the previous close. The report outlines performance across several active issues and notes daily shifts in value.
The New York State 4 1 2 per cent bonds worth 27 million dollars were awarded to a syndicate including N. W. Harris & Co White, Weld & Co Brown Bros Co and The Guarantee Trust and National City Bank of New York. The bid was 103 469 for all or none, yielding the state a premium of 933,930. Of the bonds 22 million are 60 year and 5 million are 30 year. proceeds fund canal and highway improvements and barge canal terminals.
Motor stocks show strength with Willys-Overland rising 8 percent as Maxwell issues remain active. Alaska gold hits a new high while Boston & Maine advances 2 points in the latest market activity.
Yesterday's market totals show New York sales at 166,300 shares and Boston at 23,100 on the day. Erie led New York activity with 16,000 shares while Alaska topped Boston with 4,955. For the year to date, New York totals reach 11,267,500 shares and Boston 1,170,479, compared with last year's 19,100,400 and 1,341,415 respectively. Willys-Overland rose by 8 1 2 to 109 1 2 in New York. United By. Inv. prof. fell to 2 from prior. In Boston Ahmeek gained to 280 while Calumet & Hecla dropped to 385.
The market showed a firm undertone with moderate dealings. Bond sales in New York State and expected municipal offerings, gold imports from Japan, and stronger exports supported sentiment. Rail and auto shares advanced while New York Central debentures weakened. total stock sales reached 172,000 shares.
Boston market reports irregular trading with Boston & Maine up two to 33 and American Woolen rising 1 1 2 points to 83 as textile optimism grows. Massachusetts Electric preferred climbs to 48 amid wage doubt, Alaska Gold hits new high on favorable ore tests, and Osceola Consolidated reshapes its board to comply with interlocking directorate rules.
Mexican Metals rose 25 cents on the Boston curb trading, marking an over 100 percent gain in two days. Fortuna eased fractionally while Calumet & Corbin gained 5 cents. Davis Daly rose 5 cents, Jumbo fell 30 cents, McKinley Darragh down 6 cents, and Verde Extension held at 34 cents as price movements continued with detailed fluctuations noted.
Current quotations show call loans from 3 to 4 percent for brokers and 8 to 4 percent for outside brokers. Commercial and collateral loans range 4 to 6 percent, commercial paper 4 percent, year money 4 to 3 percent. New York Sub Treasuries and exchange balances listed. foreign exchange firmer with sterling cables at 4.80 and demand 4.804, francs 5.26, marks 8.14, guilders 3.9.
Elmira voters approve issuing 1.5 million dollars to buy the water system. Kennebec Maine sells 100 thousand in 4 percent bonds dated March 1 1915 to Gilman at 98.16. Cleveland sells 470 thousand in 41 2 percent sewer bonds to Salo mon. Pacific Gas & Electric sells 5 million general and refunding 5 percent bonds to investors with redemption at 1001 4 and accrued interest. Erie sells 10 million one year 5 percent notes to J P Morgan Co. with exchange option at par for maturing notes. New notes secured by 19 9 20 million in bonds and 6 19 0 million in stock. Callable at 1001 2 and interest at company option with 60 days notice.
Articles filed for Olympia Theatres with 7 percent non voting preferred stock 30 000 shares par 100 and 80 000 common shares par 50 total capital 7 000 000. Net earnings after preferred dividends limited to common until three years of preferred dividends are reserved. Plans to buy Olympic Theatres Company Lynn Gloucester Boston Gordon Schoolman Enterprises New Haven New Bedford Providence. Current issue 18 770 preferred and 70 900 common.
At the annual meeting of the New Cornelia Copper Company controlled by Calumet & Arizona action will be taken to amend articles of incorporation to permit directors to authorize a mortgage on the property. Rutland railroad reports January gross of 242622, a decrease of 19795, and net of 28948, an increase of 4255.
Miss Mary T. Murray, Boston Telephone Operators Union leader and member of the New England Telephone Company adjustment board, will wed Joseph Larkin of East Boston the first week of April. At a large East Boston rally hundreds of operators crowded Armory Hall and showered her with linen.
The New England Public Service Commission favors legislation to require substantial stockholder funds for Boston & Maine in a reorganization. The report notes losses exceeding $2 million last year and an expected $1 million deficit next year, with earnings needing debt relief and lower fixed charges. It cites stock gains amid proposed assessments and outlines copper and auto stock market context.
United Shoe Machinery plans to merge its operating and holding companies to cut criticism. A committee with the National Association of Boot and Shoe Manufacturers will discuss method changes. A syndicate seeks 10 million Erie Railroad notes at 99 for 6 percent to retire 7.5 million notes due April 1 and partially reimburse 5 million spent on property. President Underwood cites 1900–today improvements and rising earnings.
Protective committee of local bankers informs holders of 5 percent mortgage bonds dated 188 that April 1 interest will be in default unless receivers of St. Louis & San Francisco, parent company, are ordered by the U S Court to pay. Committee cites $2,111,000 of bonds held and seeks deposits for a court petition to secure interest. Also reports Poor's Manual compare earnings of Boston Elevated, Brooklyn Rapid Transit and Philadelphia Rapid Transit with capitalization and returns.
Fresh groundfish prices remain low with hake scarce at the new fish pier while no arrivals occurred at T wharf. Haddock 41.4c, steak cod 63.4c, market cod 33.4c, pollock steak 51.2c, hake large 71.2c, medium 41.2c, halibut 15c. Vessels Haddock Cod Pollock Hake listed. halibut arrivals include Surf Swell Foam Wave. The Annie T Perry repair progresses as she nears sea again for haddock grounds.
Massachusetts may lose Dr Allan J McLaughlin the federal public health expert who led the states new health department. He has received a joint offer from the American Red Cross and the Rockefeller Foundation to head a Serbian sanitary commission fighting typhus and cholera rampant there.
A detailed list of arriving steamers and tugs including Boston Simms Yarmouth Onondaga Googins Gloucester Norfolk Middlesex Wider Malden Brown Itasca Krumm Providence Seaconner Carter Newport News and more. Vessels are noted with towing barges and schooners while a saile of Canopic Esparta Grecian and other craft are listed alongside ports Norfolk Portland New York and Cape Cod Canal.
The Flonzaley quartet gave a memorable last Boston concert in Steinert Hall with Brahms C minor quartet op. 61, Moor violin suite, and Beethoven late quartet. Soloist Pochon proved a masterful virtuoso aiding a unified, highly praised performance. Enthusiastic audience reaction followed.
New York trading posted moderate activity with primary interest in Burlington joint 5s Detroit United 4 1 2 s New York Central 6s and Northern Pacific issues. Prices for diverse issues including United States Steel 5s Alaska Gas and Electric 5s and Seaboard Air Line 5s appeared in the session with noted totals and weekly comparisons. Total sales reached 1.887 million, lower than yesterday and a week prior, while year-to-date receipts stood at 124.385 million versus 182.404 million a year ago.
Death notices list numerous residents of Dorchester and surrounding towns with birth, marriage, and funeral details. Entries include Adison, Anthonsen, Beard, Bertucci, Browne, Cashman, Cobb, Collins, Conlon, Couilliard, Curley, Cutter, Dewar, Dolan, Dole, Doyle, Feyhl, Fitts, Fitzgerald, Hall, Judge, Kelley, MacNeil, MacNeill, Maloney, Mason, Mathews, Minard, O’Brien, O Connor, Rebholz, Rogers, Shore, Smeph, Stankey, Thomas, and 900 In across Dorchester, Roxbury, Malden, Chelsea, and surrounding areas with dates, addresses, and funeral times.
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