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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 19, 1914
Page
16
Financial history shows underlying bonds on valuable railroad terminals are secured by mortgage on appreciating property and by tenant access obligations. Companies usually pay interest on terminal bonds even when mortgage debt is in default. We have prepared Circular M-3-19 inviting purchase at attractive terms.
White, Weld & Co located at 111 Devonshire Street lists offices in New York Boston and Chicago for financial services and brokerage operations.
An education publisher advertisement from International Textbook International Educational Publishing Co and Lackawanna Coal & Lumber Co lists a 6s 1961 issue. Fitted with Boston based firm F W Mason & Co at 53 State Street.
Colorado and Southern suspends semiannual dividends at 2 percent on first and second preferred, due April 1. Terre Haute Indianapolis Eastern defers 1 1/4 percent charterly dividend on 9.1 million preferred. Massachusetts Bonding and Insurance posts 4 percent, selling at 0 yields 5 percent. Winona Copper reports Dec 31 assets 374 508 versus 362 004 prior year. Old Colony Copper calls $1 assessment payable April 6, stock to 12 paid-in.
The Island Creek Coal Company directors declare a regular quarterly dividend of 3 50 per share on preferred stock payable April 1 1914 to holders of record at the close of business March 25 1914. Treasurer F W Batchelder signs the notice.
Island Creek Coal Company announced a stock dividend of 50 cents per share on common stock payable May 1, 1914 to holders of record at the close of business April 23, 1974. F W Batchelder, treasurer.
Prospect of selling 65 percent stake in Maine Central sparks a rise to 45, closing at 42. Lehigh Valley weak on rumors of a pending suit to separate coal properties from railroad. Rock Island 4’s reach a new low. Record-electrolytic copper advances to 14 1 2 cents. Directors of Old Colony call assessment of 1 per share.
Yesterday and year to date summaries show New York total sales 21000000 shares. Boston 23687 in yesterday’s trading. Notable moves include Am Coal Products up to 84 1/2 in New York and B M up to 42 in Boston. Call money 2 percent in New York, 3 percent in Boston. Time money ranges from 2 3/4 to 4 1/4 percent in New York and 4 to 4 1/2 percent in Boston.
New York market moved little with attempts to extend yesterday’s rise fading. Stocks drifted lower as speculative selling emerged while European trading stalled. Lehigh Valley fell on Baer resignation, Rock Island bonds weakened and overall market sentiment remained soft amid weak new business.
The Local Market Boston notes dull overall prices with uneven movement. Boston & Maine rises on Maine Central buyout talk, closing around 42 after opening 45, sparking debate on traffic advantages. Heavy buying in Telephone stocks and old fours, 4 1/2 percent convertibles, and listed bonds. Copper shares show indifference despite electrolytic gains to 14 1/2 cents. Western Union rights trade nine to six cents. overall close marked by irregular tone.
Sol lers Phillips & Co. Incorporated investment securities listed at 111 Devonshire Street Boston Massachusetts with price 95 and yield about 5.30 percent.
First Ward National Bank holds open house in its Indiana limestone building at Meridian and Maverick streets East Boston. President George W. Moses presided as deposits reach 1 320 662 with capital 200 000 and surplus 175 000. Directors include Frank I Cook and Samuel N Mayo among others.
A Boston banker said an upcoming announcement will lay out a settlement framework for the New England railroad scene. Maine Central stock held by Boston & Maine will be placed with trustees to protect traffic relations, reducing Canadian traffic fears.
The report lists various U S and corporate bonds traded in thousands of dollars in New York on March 18. Entries include Gulf Oil Seaboard Air Line Laclede Gas and Southern Railway related notes with prices and yields, reflecting mixed activity across industrial and utility issuers.
Barbara Werner, with George Hirst at the Boston Opera Company, presented a violin recital in Steinert Hall last evening featuring works by Lalo, Kreisler, Tschaikowsky, d Ambròsio, Debussy, Sarasate and Grieg. The performance drew a good sized audience and received enthusiastic applause for her musical sincerity and poised, colorful tone.
The next Sunday Post Magazine features The Night of Power by Richard Dehan author of The Cost of Wings. The piece promises a mighty interesting story with a dramatic exploration of power and fate.
Report of condition shows currency and specie data for the last three days with deposits in Bank Banks and Massachusetts bonds. A list of officers and directors including James R. Hooper and Frederick W. Allen is provided with oath before Henry N. Marr. The safe deposit vaults are described as unmatched.
A group of newspaper publishers met at Copley Plaza to organize mutual aid. Participants included Dow of the Portland Express, Dwyer of the Providence Tribune, Booth of the Worcester Gazette, Hough of the New Bedford Standard, Plummer of the Springfield Union, Hastings of the Lynn Item, Milne and Army of the Fall River News, Harrington of the Lowell Sun, Wright of the Haverhill Gazette, and Knox of the Manchester Union Leader.
George Hills and Daniel J. Daley led a major Brookline town meeting to approve a $200 yearly pay increase for policemen and firemen. The measure passed 546 to 249 after a heated debate with Assessor Daley clashing with Board of Selectmen Chair Philip S. Parker and Committee of Thirty member James S. Murphy, who opposed the raise.
After two hours 14 of 27 warrant articles were acted on. The board approved raises for policemen to 111 600 and firemen with a voice vote, despite opposition. Assessors’ pay rose from 1500 to 1800 annually, while a land purchase for Corey Hill playground failed.
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