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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 16, 1915
Page
14
Boston March 15 high and low securities prices recorded with a comparison to the previous close. Montague Mass sold a temporary loan of 40000 dollars to the International Trust Company of Boston at 3 40 percent discount.
Montana Power Co. with Lee Higginson & Co. and J. & W. Seligman of New York offer for public subscription at 91 1 2 and interest yielding about 5.60 percent six million dollars of first and refunding mortgage 5 percent sinking fund gold bonds dated July 1 1918 due 1943 callable at 10 and accrued interest on July 1 1918 or any interest day thereafter.
Arthur K. Mason is elected treasurer succeeding the late C A Colehian at Hamilton Woolen Company. Hancock Consolidated will begin rock shipments on April 1 sending rock to the Franklin mill.
Alaska Gold leads both markets with another high price, the third in as many days. New England rails show wide swings as Amheek raises the dividend to 12 dollars from 8, gaining 15 points locally.
Yesterday's market activity shows total sales in New York at 129 500 and Boston at 26 024 shares. Alaska Gold led in both cities with 10 400 shares in New York and 6360 in Boston. For the year to date to date from Jan 1 1915 New York totals 11 702 000 shares and Boston 1 246 159 shares. The year over year figures show New York 19 647 500 shares and Boston 1 397 752 shares. Notable gains and losses include New York Air Brake rising to 67 from 434, General Chemical dropping to 18014 from 434, Ahmeek Mining rising to 295 from 15, and Conn & Pass. R. R. slipping to 89 from 6.
Apathy marked the New York market session with light dealings and narrow price moves. London remittances firmed on commercial bills, German notes attracted investor interest, and large gold inflows from Canada were reported. Total stock sales reached 129,500 shares and bond activity was irregular with $1,750,000 par value traded.
The Boston market shows strength with Ahmeek up 15 points after a quarterly dividend increase to 3. Osceola prompts a 2 dividend as a first quarter payment. Alaska Gold hits a high on 1000 tons daily and Boston & Maine advances to 34. New Haven rises to 52 1/2 as East Boston land buyers step up. Wheat remains firm with May at 1.59 1/2 as bulls press on amid war impact and Constantinople delays.
Fragmentary finance note shows Willys-Overland and Wisconsin Central figures with coded percentages and dollar values for Woolworth and Woolworth stock indicators. Reader should verify in full financial ledger for accuracy.
Revere Massachusetts awarded a temporary loan of 50000 dollars to R L Day & Co at 3.74 percent discount with 25000 due January 2 and 25000 due February 2 1916. Salem Massachusetts bids for a 200000 dollar temporary loan due October 18 1915 close March 19 at 10 a m. Denison Co offers Seattle 5 percent gold light bonds dated July 1 1918 with 9000 due 1925 21000 due 1927 and 15000 due 1988, qualified as savings bank investments in several New England states.
The American Telephone Company reports 9.88 percent earnings for 1914, up from 9.55 in 1913 and 10.19 in 1910, with total income near 46.2 million dollars and net income of 32.3 million. Bell system subsidiaries set record gross earnings of 225.95 million and net earnings of 59.25 million, while surplus nears 190 million and undistributed earnings favor the parent. General Motors tops 100 dollars a share amid war-time demand, and Diamond Match posts a drop in earnings to 1.872 million with a 1 percent extra dividend. Otis Elevator posts 7.62 percent common stock earnings as net income falls to 876 thousand.
Ahmeek Mining declares % per share payable April 10 to record March 17 last seen July 1914. Bangor Railway pays 134% on preferred stock April 1 to March 20. Central Coal & Coke 11-4% on preferred stock April 15 to April 1. Joliet & Chicago Railroad 13-4% April 5 with books March 20 reopen April 6. Osceola Consolidated Mining $2 payable April 30 to March 30, last July 1914. S. S. Kresge 1 8 4% on preferred due April 1 to March 20. Laurentide 2% payable April 1 to March 23. New Orleans Railway & Light 11-4% on preferred and 1-2% on common stocks payable March 31. books close March 19 reopen April 1.
Quebec, Canada will issue two million one hundred twenty five thousand dollar five year gold bonds dated April 1 1915 and due in 1920 with bids to be received until March 22.
New York March 15 Alaska Gold Mines 6s rise 4 percent while Inspiration Copper 68 and Ray Copper 6s hold firm. Several rail and utility issues such as Atchison general 4s Central Pacific 4s Northern Pacific remain steady with varied prices and yields. Total sales reach 1.75 million dollars versus 1.184 million Saturday and 2.615 million a week ago. From January 1 to date 129.43 million compared with 188.581 million a year ago.
Secretary of State William Jennings Bryan signed thousands of pledges never to drink alcohol at a Philadelphia tabernacle rally for Rev W A Sunday. The crowd of about 26 000 required police to maintain order as Bryan moved from signing his full name to initials.
West Roxbury Congregational Church led by Pastor Rev Edrwin H Byington starts a 20 day Build Now drive to raise 25000 for enlargement and beautification of its church home. The campaign runs until April 4.
The Rev Byington reveals West Roxbury Congregational Church starts the Build Now plan with a 5160 gift total from 15 offerings. Architect Oscar Thayer says building costs will drop at least five percent due to lower lumber and bid prices as six teams collect pledges for a 25000 building fund.
The West Medford Women's Club voted to censor all films shown in the district. A committee chaired by Mrs. Sarah Connell was appointed to screen pictures, ensuring only conservative titles pass. Frances Vinson spoke on travels in Russia at the meeting hosted by Mrs. John Davies on Sagamore Road.
Lieutenant Governor Cushing and Samuel W. McCall met after announcing their gubernatorial bids in Needham. Robert W. Luce warned the nation fears the United States is drifting toward war as he addressed the Needham Business Men's Association and Board of Trade in the town hall.
An unidentified man about 35 years old and 5 feet 6 inches tall was struck on Summer Street by a surface car and taken unconscious to Haymarket Square Relief Hospital with head injuries.
In Dorchester March 15 Margaret A Tobin. Funeral from son James W Tobin 765 Columbia road Wednesday March 17 at 9 15 am High mass of requiem at St Margaret s Church at 10 am Relatives and friends invited to attend.
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