This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 22 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 13, 1914
Page
18
Old Dominion announces a dividend cut to $1 payable this quarter beside copper at 14 cents and a mass consolidated levy of $1. Markets fall sharply while trading stays moderately active. American Tobacco reports 28 percent earned in 1913.
Total sales in New York reached 201,200 shares and Boston 19,370. The most active New York issue was Steel with 36,400 shares. New Arcadian led Boston with 4,337 shares. Year-to-date totals show New York 19,301,600 and Boston 1,360,785. B. F. Goodrich preferred rose to 8934. N Y C & St L 2d preferred fell to 72. West End Street Ry preferred rose to 95. Conn. & Pass. R R declined to 95. Call money in New York 1 54 to 2 percent. Boston 3 percent. Time money New York 3 to 4 4 percent. Boston 4 to 434 percent.
Bullish speculators retreated as trading slowed and prices drifted, with many stocks slipping on light demand. Canadian Pacific, Denver & Rio Grande, and Rock Island saw declines to year lows or new records while American Sugar and Express shares weakened. Bond prices fell in many low grade issues as the market awaits clearer signals on business and political conditions.
Boston local stocks drifted lower amid New York declines as Old Dominion cuts its dividend from 4 to 3.5 percent, pushing prices from 52 1/2 to 49 3/4. Mass Consolidated adds a $1 assessment with little selling. Arcadian demand stays solid, Western Union rights trade 15 to 19 cents, American Telephone 4s active, Woolen preferred up 1 1/2 to 7 1/2 in late rebound. Overall tone ends irregular and unsettled.
Directors of the Mass Consolidated Mining Company have called an assessment of one dollar per share, payable on April. The notice indicates all stockholders must contribute to meet obligations as the company seeks liquidity.
Trading on the Street grew quiet as noon volume fell under 20 000 shares amid foreign selling. Rock Island bonds hit a new low while Canadian Pacific and Baltimore & Ohio among others declined, signaling a resumed bear trend for 1913. Old Dominion cuts its dividend from 5 to 4 dollars, citing copper prices and depleted treasury resources.
The world wide easing in the money market this year has drawn mine managers to consider new assessments. Victoria has set 1 per share, Mass Mining followed with 1, Old Colony 18 scheduled for April. Franklin and Arcadian may enter the market soon, and Mayflower is expected to call before spring.
The American Tobacco annual report for 1913 shows a common stock balance above 28 percent with gross earnings up by 1 566 000 yet net earnings down 1 568 000 after a 6 million dollar extra dividend leaving a 37 304 000 profit and loss surplus. Copper prices drift near 14 cents a pound while Steel stock remains resilient amid broad railroad declines and large short interest. State Treasurer Mansfield announces over the counter sale of 6 25 000 bonds at fixed prices, amid a favorable test of direct-to-public issuance and a strong municipal bond market for high grade issues.
Rumors that Bethlehem Steel would place preferred stock on the full 7 percent dividend persisted after the annual report showed roughly 6 percent earnings on common stock. Officially denied, the conservatism appears from the balance sheet which lists funded debt at 83.6 million, exceeding the combined preferred and common stock, with fixed debt up 8 million and floating debt at 9.642 million, up over 4 million in a year.
Brockton Massachusetts grants a temporary loan of 150000 to the First National Bank of Boston, due October 24, 1914. R L Day also submitted a bid for the loan.
Market barometer notes non taxable status in Massachusetts with ex dividend rights. Total sales reached 2 320 000 versus 2 234 000 yesterday and 2 686 000 a week ago, compared to 1 427 000 a year ago. From January 1 to date sales total 183 018 000 versus 123 540 000 a year ago.
Announcement says Mutual National Bank, led by new president Charles P. Curtis, raised deposits by nearly a quarter million in two months. Deposits on March 4 reached 1,531,350 versus 1,289,887 at the prior comptroller call. Directors added include Arthur R. Sharp, treasurer of Sharp Manufacturing, and local attorney John Abbott.
Fire Commissioner Grady issued orders forming two divisions and creating District 13 for West Roxbury and Hyde Park. District Chief Michael J. Kennedy moves from acting deputy in the abolished third division to head the new district.
Deputy Chief Taber leads the first division with headquarters at Ladder 8 Fort Hill square while Deputy Chief Pope heads the second division from Ladder 4 Dudley street. A new West Roxbury and Clyde Park district adds Engine 45 Roslindale and motorized units are planned.
Synagogues and temples across the city were crowded yesterday as worshippers of all ages observed the Feast of Purim. The highlight was the public reading of the Book of Esther, marking one of the Hebrew calendar’s joys.
New Bedford sold 117 000 dollars of 4 percent bonds to Curtis and Sanger with other bidders named. Kuhn Loeb bought 1.7 million dollars of Chicago St Paul Minneapolis and Omaha railway debentures due 1930. Gardner bids sought for 60 000 dollar temporary loan due later in 1914. Several New York Exchange securities listed including Syracuse Light and Power, Texas Company, People's Gas Light and Coke, Chicago Western Indiana, and Third Avenue Railway issues with totals near 20 million. Pittsfield and Erie Railroad also involved in notes and loans. State Treasurer Mansfield announced sale of 6.325 million bonds.
In a rite tracing to Queen Esther around 400 B C the festival drew hundreds of children who made noise as the Book of Esther was read. Rabbis compared it to Halloween while congregations hosted reunions, cakes, pantomimes, and gifts for the poor amid dances and merrymaking across the city.
The Flonzaley quartet gave its season finale in Jordan Hall with a masterful Bach cello solo by d Archambeau and restrained, reverent interpretations of Beethoven Op 59 No 2 Dvorak and Prok G major. The audience filled the hall as lights lowered for an intimate chamber music evening.
Old Colony Gas Co. offers 2545 shares of its 5 percent preferred stock at 105 with accrued dividends for a 4.75 percent yield. The issue has equal voting power with common stock and a 5 percent earnings split after the common receives 5 percent. The company runs a high pressure Fore River plant at East Braintree and serves Braintree Weymouth Hing ham Rockland Abington and Whitman with 100 miles of mains. Projected year ending June 30 shows earnings of about $20,500, more than twice the 5 percent requirement on the preferred stock.
Two of Wakefield’s oldest residents celebrated birthdays yesterday. Harriet Bayrd, 93, and Susan Mansfield, 91, received well wishes from friends while enjoying good health. Bayrd’s family lineage traces to EA Gonkevity.
Fresh groundfish prices fell as 16 schooners delivered offerings at the big fish pier while heavy traffic filled T Wharf. Prices listed include haddock 75 4, steak cod 73 4, market cod 41 2, pollock 61 4, hake 63 8 4, and medium hake 43 4 per pound. Vessels like the Dustin G Cressy, Kineo, and new steamship Colorado featured in port moves and repairs. Reports from field ice and several steamers give positionings and perilous sea conditions as ships seek shelter and passage from Hull to Boston and Halifax. The Landman observes the latest ice sightings and vessel courses.
Shipping notices detail arrivals of steamers Rhaetia Muetzell Kai, Gill Hull Eng and others at Oran and Halifax with barges and tugs named. Reported sailings include Pretorian Sixaola Thelma Langstad Joreph W Fordney and multiple barges west to Providence Newport and New York with numerous tows and wrecking craft.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.