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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 22, 1912
Page
18
The report notes copper prices above 15 cents with brisk New York and Boston share totals. It details most active issues, greatest gains and losses, call and time money rates, and a buoyant yet weary market tone as profit taking rises later in the day.
The local market extended Wednesday’s stock gains with the copper index up 0.45 to 46.86, a 1912 high, while 71,506 shares changed hands. Calumet and Arizona advanced to 68.25 before profit selling trimmed gains. most issues including Smelting, North Butte, Copper Range, Amalgamated, Butte and Superior, Indiana, and Lake Mining followed the pattern as sellers outweighed buyers.
Directors announce a new stock issue for public subscription at 2.00 per share with no smaller orders. The offering continues while authorized shares remain unsold and promotes the American Voting Machine as a high return investment with demonstrations in Boston at 200 Devonshire Street.
The Boston and Lowell Railroad Company wins approval to issue 29 800 shares at par 100 each to be sold at public auction. The report for the year ended Dec 31 shows cash 20 462 receipts 52 592 expenses 32 130 and 24 370 received since year end on subscriptions. Elm River Copper and Contact Copper cross holdings reach 73 828 shares. Massachusetts Gas Company subsidiaries report February net earnings 231 393, up 2.72 percent. Directors of American Zinc Lead and Smelting recommend doubling authorized capital to 300 000 shares with 70 000 to fund a smelter and improvements offered to record holders April 6 at 26 50 per share with subscriptions due April 24. Underwriting secured. Oneco Copper Mining reports March 1 assets excess of 11 699 with an assessment expected soon. w. F. Bartholomew mentioned.
The market remains strong as heavy buying from West Atlanta pushes prices up with closes at 28c, up 2c from yesterday. West End Consolidated hits a new high of 21-16 while miners like Tonopah and Goldfield show activity and a planned copper district map offer is announced to investors.
The report details broad curb market activity with firms such as Majestic Davis Daly Calaveras Ely Witch Southwestern Miami Verde Ex tension Raven Chief Bay State Gas Bohemia Contact Kruger and Lion Hill. It notes price ranges and fluctuating values across many listed entities.
Reading Massachusetts awards a temporary loan of sixty thousand dollars to Bond and Goodwin at a three point four five percent discount with two maturities. Marlboro invites bids for fifty thousand dollars of a temporary loan due December fifth. The Pope Manufacturing Company sells a one million dollar two year note issue to a Bond and Goodwin led syndicate. Dover invites bids for seventy five thousand dollars of city hall refunding bonds due between 1928 and 1932 with annual payments.
The report lists Algomah Mining expenses at 51087 with cash and receivables 7040 and payables 8174 as of December 31. It notes an assessment of 1 dollar levied January 22 to raise 70000. Other firms Indiana Mining Franklin North Lake Corbin Copper report 1911 results including losses, copper output, and balance sheets.
Bicknell Young of London spoke at the First Church of Christ Scientist in Boston on Falmouth and Norway streets, drawing five to six thousand listeners. He described Christian Science as reconciling reason and revelation, easing fear of disease, and presenting divine ideas as the basis of knowledge and healing.
Eighteen vessels were in port at the wharf yesterday amid a late winter fishing flush. The offshore fleet offloaded tens of thousands of pounds of cod and hake as prices drifted lower. Captain Manuel Costa’s death prompted half mast flags on vessels and stores.
Shipping news reports arrivals and departures with times and ports. Steamers Boston Simms Yarmouth Halif ax etc. Cleared Boston Simms Yarmouth and several sailings noted. Also listed are tugboats schooners and other vessels with home ports and destinations.
Lieutenant Frank Young was unanimously re-elected to his lieutenancy by 53 of 60 men in the Third Company Coast Artillery Corps Boston after a forced resignation. He previously served as assistant United States deputy marshal with Guy Murchie.
Seumas McManus spoke before the City Club last evening as guest of honor at a banquet presided over by W. T. A. Fitzgerald. Toasts were responded to by Judge DeCourcy of the Supreme Court and club officers.
In a portrayal of early Irish society Mr. McManus notes the poet and storyteller’s royal reception beside the king and praises the baccad or beggar man as the finest teller. He cites fairies lore and the unity of folklore with plants, streams, beasts, and birds, sharing writings and tales including Billy Burns Voyage to the Moon and Daniel O’Connell stories.
Charles E. Russell, 18 years Brookline Country Club superintendent, was asked to resign. Francis M. Ware of New York, long time American Horse Exchange manager, will take charge. Herbert Jaques, club president, says resignation honors Russell and notes a shift to internal management. one member alleges Ware’s selection favored by a relative official.
Carl Legien head of the German labor movement and Reichstag member will visit Boston during a brief U.S. tour. He will be the guest of the Boston Central Labor Union and a special executive board meeting is set for tomorrow night to arrange his reception and entertainment in the city.
Colonel Charles Ezra Sprague president of the Union Dime Savings Bank of New York died at his home in New York City aged 69. A Union College graduate of 1860 he served in the Civil War and was wounded at Gettysburg. He led the Savings Bank Section of the American Bankers Association and authored several banking books.
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