Boston & Maine Stock Reaches Seventy Forties
The Boston and Maine stock climbed to 70 in a brief market blip. Investors tracked demand for Forties shares amid rail sector activity and regional economic signals.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 15, 1913
Page
1
The Boston and Maine stock climbed to 70 in a brief market blip. Investors tracked demand for Forties shares amid rail sector activity and regional economic signals.
The article outlines four possible state actions in the Boston Maine New Haven matter: keep control with Boston Holding Company under Mellen, authorize full consolidation, seize Holding Company stock at a fixed price and sell to independent financiers, or take stock and run Boston & Maine under state ownership. Boston & Maine stock fell to 71 after volatile trading and rumors of dividend cuts, with three day losses totaling $18 per share.
The Boston & Maine common stock has dropped sharply over three days, wiping out at least 7 110 969 in value for many New England trustees and families. The New York New Haven Hartford owns about 22 million of B and M stock and fell to 118 yesterday, down from Thursday. If the April dividend is skipped the road’s bonds may be ineligible for savings bank investments for five years under current law.
Mrs. Bessie Lepourneau of 1849 Columbus avenue Roxbury ended her life by jumping from the ferry Ashburnham into Boston harbor at 5:40 PM on its return trip to Rowe's Wharf. The vessel connected Atlantic avenue Rowe's wharf with East Boston and the Boston Revere Beach Lynn rail line.
A woman aboard a ferryboat jumped from the aft as the vessel neared the yacht anchorage. Lifeboats searched for the body for about thirty minutes with no success. A handbag, umbrella, and a pocketbook with 41.15 were found and identified as hers by her husband. Harbor police planned to drag the harbor for remains.
In Naco Sonora the 50 man federal garrison led by General Ojeda prepares for a dawn assault as some 1500 state troops gather just over the border. fighting expected to start in the morning.
In New York on March 14, the Hawthorne mining trial ended after nearly four months with the conviction of Julian Hawthorne Dr. William J. Morton and Albert Freeman and the acquittal of Josiah Quincy former Boston mayor and Cleveland administration official.
Hawthorne and Dr William J Morton were each sentenced to one year and one day in Atlanta for fraudulently using the mails to sell stock tied to Canadian ore claims. Freeman received five years. Quincy was found not guilty on one remaining conspiracy indictment and paroled until October to face two pending counts. Judgment followed a 27 hour jury deliberation.
Indications from late reports show more than 90 killed across Georgia Tennessee Alabama Louisiana Mississippi and Texas with scores injured and extensive property loss. Death toll expected to rise as communications return and remote areas are reached. Property damage likely totals in the millions.
Edinburgh reports Mrs Emmeline Pankhurst addressing a large meeting claiming she will begin a hunger strike if convicted at the April 1 trial. She plans to speak at a suffragette gathering in Albert Hall on April 10 and challenges authorities over the dilemma of imprisoned suffragettes dying or being released.
Walter Robinson escaped Berkshire county jail by hiding in a potato barrel during yard work on March 14. The barrel was tipped over and rolled several hundred feet, bumped the fence, and Robinson slipped over the barrier and vanished before staff noticed.
A summons against Mayor William J. Gaynor in a criminal libel complaint was granted to Ralph Pulitzer editor of the World by Police Magistrate Ker nochan. The complaint cites a statement attributed to Gaynor in a speech before the South Brooklyn Board of Trade. Returnable March 20.
Detroit manager Jennings announced the release of first baseman Liggitt and outfielder Frierson. Liggitt came from St. Mary's College Oakland. The club will start North Friday.
Portland 12m Sh 44m earlier. Moon first quarter tonight set 1 08 am. T fourth day of year with five more days of winter. Day 11h 54m last day’s increase 2h 50m. Venus sets 9 25 5 pm Mars rises 4 37 am Jupiter rises 2 40 am Saturn sets 11 17 pm. Seven more days before faster. Light auto lamps tonight at 6 20.
Andrew Jackson born in 1767. Trial of 36 Communists for murder began in Italy in 1911. Hannah Dustin heroine of the Haverhill attack in 1697. French and Indian War begun in 1744. Maine admitted to the Union in 1820. Three U S warships lost in Samoa hurricane in 1889. One year ago today Dr Wiley resigned from U S employ.
Unsettled forecast for Boston and vicinity calls for Saturday rain or showers with possible snow Sunday, followed by colder conditions. Increasing southerly to westerly winds accompany the cold snap. Washington dispatch notes rain in North New England turning to snow Sunday with cold air and strong winds from the south to west.
Temperature data from Thompson's Spa reports yesterday's average around 40 degrees with a 28 to 24 low range and notes a year ago Saturday was clear. The excerpt includes scattered garbled digits and labels.
An advertisement promotes Father John's Medicine as a cure for colds and a source of renewed strength and health. The small notice emphasizes quick relief and vitality.
Patrick Hegarty seeks annulment of his 16 year old daughter Ruths marriage to 18 year old John Golden alleging the Salem probate petition authorizing the union was forged and that Ruth married under fear of bodily harm.
The couple married Jan 26 after court permission amid claims of forgery and perjury in a probate petition. The girl's father seeks annulment, alleging she was underage at marriage. Golden, a noted high school athlete, faced license denial earlier. The girl’s brother captained Georgetown’s football team last year.
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