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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 22, 1911
Page
13
The article notes rising demand for tax exempt securities before April tax day. It explains that many securities issued against property are tax free while also listing exemptions for state, municipal, United States, and certain corporate securities. It cautions investors to weigh price and yield along with tax status.
A telegram from Toronto reports William Davidson arriving from Porcupine with news of a major strike on the North Thompson property adjoining Hollinger to the south and Vipond to the west. Davidson, directing development for J Thomas Reinhardt of New York, has opened a 200 foot vein showing rich free high grade ore and visible gold across the vein. A second vein at the northeast corner yields a good high grade chute. A 42 foot shaft is sunk and cross cutting. a mill run shows $90. Davidson has 55 men employed and is optimistic about results.
Beacon Trust Co and others announce quarterly and semi annual dividends with record dates in March and April. Companies include Kansas City Southern, New York Dock, International Nickel, Philadelphia Co, La Rose Consolidated Mines, Uswoco Mills, Minneapolis General Electric, Atchison Topeka Santa Fe, and Corn Products Refining.
The market opened quietly with prices just below Monday's close. Traders report mixed support for Missouri Pacific amid rumors of preferred stock financing, while Steel, Union Pacific, Reading, and Consolidated Gas showed mixed moves and overall weak, listless trading to close.
A dividend of 1.50 per share will be paid March 81 1911 to stockholders of record at close of business March 15 1911. William R Driver Treasurer dated February 23 1911.
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