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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 22, 1910
Page
14
Thompson Towle Co issues a circular detailing property and earnings of the Boston Elevated. Mail request directs interested investors to apply for the information packet on this top tier Massachusetts non taxed stock.
The Allouez Mining Company announces a change in transfer agent with C. L. Constant & Co. of New York being succeeded by Uretin of Constant-Herzig & Co. Herzig becomes president, W Murdoch Wiley vice president, and C. Constant treasurer. George Lee, senior partner of Lee Higginson & Co., is celebrated for reaching his 85th milestone though recently confined at home due to illness.
The New York market showed firm undertone with total sales of 437,500 shares and notable gains in Amalgamated and Norfolk & Western while Boston saw passive trading as Lake district developments and drill results at Adventure No. 1 lode influenced sentiment. Jockeying for bonds and speculation around corporate moves shaped the day with insiders cited in price movements.
In Boston on March 21 the curb market showed broad activity with no major price changes. Raven advanced five cents to 46, Shattuck and Arizona rose seven points to 2, while Humboldt Smelters Champion Southwestern Development South Lake and Boston Ely led with no notable movement.
The St Louis and San Francisco funds offer bearer bonds in France at 487.50 francs with 25.80 francs yearly interest paid twice yearly net of 0.51 percent dues. Boston, March 21. Town treasurers in Wramingham and Haverhill seek bids for temporary loans and city bonds maturing 1910 to 1920. Syracuse invites bids for 382000 at 4.12 percent.
Readable fragments indicate local improvement ponds with dated E al 2 0 and maturing annually 1911 1224 inclusive. The text shows a municipal or public works context with formal dating and schedule elements.
The Boston News Bureau plans a second daily edition to be printed in the morning. The first issue appears Tuesday morning March 29 and will include after 3 o clock news plus a full market record for Boston and New York and extra market quotations. Subscribers who get the afternoon paper are assumed to continue with it unless notified otherwise.
The calendar lists today for Corn Products Co Tecumseh Copper Washington Copper and Ex-Dividend General Chemical pfd Books Close West End St Ry com Books Open American Chicle common Pullman Co Railway Steel Spring pfd Utah Copper indicating market actions and corporate dates
Fall River Gas Works Co announces a quarterly dividend of 5 dollars to stockholders of record April 15. Houghton County Electric Light Co declares semi annual dividends of 75 cents on preferred stock and 6244 cents on common stock, with records April 13. Narragansett Mills and Osborn Mills declare quarterly dividends of 2 percent and 414 percent respectively, with early April record dates. Canadian Car & Foundry Co Ltd sets an 18 percent preferred quarterly dividend to holders of record March 31. Bell Telephone Co of Canada declares a quarterly 2 percent dividend to holders of record March 2.
The Diocese of Massachusetts schedules a missionary meeting at Trinity Church on April 13 with Bishop Lawrence presiding. Rev. Frederick C. Lauderburn becomes vicar of St. Stephen's Parish, Florence Street, from St. Agnes' Chapel in New York. Rev. Edward F. Sanderson leaves Central Congregational Church Providence to join the Church of the Pilgrims Brooklyn.
John McLeod president of the Boston Electrical Workers Union 194 has led the group since 1892s reforming and boosting the organization now with about 300 members. The 10th annual ball April 6 at Intercolonial Hall Roxbury raises funds for a sick fund with weekly benefits and a $300 death payout after five years of good standing.
Daniel Sully, once the cotton king, in London after a week on the Eng lish market for a Washington professor Doremus gin. He signs with Leopold Hirsch Syndicate for Egypt and India rights. A new company with 10 million capitalization will be formed, backed by Egyptian and Indian banks. The gin preserves tensile strength, cleans seed, saving five to six gallons oil per ton of seed.
Sully, representing financier John Hays Hammond, to sail Saturday with a syndicate member to form an American company. Two American directors named, including Sully and Hammond. The plan targets local gins offering to install gin systems, share profits, and remove competition. Sully vows to end cotton futures as warehousing and storage certificates stabilize the market.
A speaker lambasts cotton futures critics, vowing to eliminate the power of cotton pits and exchanges in New York and beyond. The rhetoric claims such markets profit only speculators, offering nothing to growers, middlemen, spinners, or merchants.
Washington report states the Secretary of Commerce and Labor has no records about Commander Peary’s North Pole discovery. Rep Hughes of New Jersey had urged reports of Peary tidal observations from Alaska to shed light on the pole quest. Mr Mann of Illinois said the records were sent to the Interstate and Foreign Commerce Committee and do not contain discovery data.
Former Cambridge mayor Alvin F Sortwell died suddenly at his home 61 Highland street after midnight. A banker and railroad man born in Boston in July 1854 he served as mayor in 1897 and 1898 and was active in state finance and railroads. He was reportedly in good health before retiring and was out riding on Sunday.
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