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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 23, 1914
Page
14
The annual meeting of the stockholders of the Robert Gair Company will be held at the General Office in Brooklyn New York on Thursday March 16 1914 at 10 A M. Secretary L A Staudermann delivers the notice dated March 13 1914.
Readers are told Monday inquiries will be answered impartially on listed and unlisted New England stock and bond topics. Correspondence should include full name and address. responses cover data from trustworthy sources but no market predictions or opinions. Address Financial Editor Boston Post Boston Mass.
A reader from North Brookfield asks which of five stocks suits a moderate budget: American Telephone, Baltimore & Ohio, Brooklyn Rapid Transit, Lehigh Valley or United States Steel preferred. The reply favors Steel preferred for security, noting steady 7 percent dividend since 1891 and a market value near 110, yielding about 6.36 percent, with earnings well above dividend requirements. American Telephone is praised as an investment, with about 12 percent earnings and a dividend around 11 times the requirement, though the text emphasizes Steel as strongest on record.
The Island Creek Coal Company directors declare a regular quarterly dividend of 1.50 per share on preferred stock payable April 1 to stockholders of record March 23 1914. F W Batchelder treasurer. The Lowell Electric Light Corporation Lowell Massachusetts dividend No 72 a dividend of 2.00 per share declared on all Electric Light Corporation capital stock to stockholders of record April 15 Webster Tranter Agents.
A compilation of bond issues from Boston Post investment column analyzing preferred stocks and mortgages for utilities and street railways. It covers Boston & Worcester Electric, Columbian Corporation, Union Water, and many others with details on dividends, leases, earnings, collateral, maturities, and yields.
The report notes bonds secured on railway lines are well protected but omits Union Water Company bonds and junior liens. Several notes are in default, placing them in a more doubtful position.
State of Utah issues 4 and 5 percent bonds dated January 1 1914 with $200000 four percent bonds maturing January 1 1924 and $400000 in 1934. Net debt below 1 percent of assessed valuation and limited to 112 percent. Legal investment for New Hampshire Vermont Rhode Island and New York savings banks and acceptable for postal savings deposits. Yields offered at 4.20 percent.
The night workers chapel on the fourth floor of 63 Washington Street Boston was shut after Hyman Bloomburg refused to add required fire escapes. A city Building Commission notice prompted vacating the religious meeting space used for seven years by Boston's night workers. Father P J Lyons said a new central chapel location would likely be found before Sunday.
The East Boston Catholic Literary Association on Meridian Street hosted former Congressman John A. Keliher who spoke on his personal reminiscences from his Massachusetts tenure in Congress. Association president Arthur H. Stout opened the event and introduced the speaker.
Tomorrow marks the windup of campaigns for the Democratic nomination in the 12th district to fill Mayor Curley’s expired term. Candidates will use whirlwind tours tonight to make final appeals to voters ahead of the primaries.
Dorchester candidate Daniel T. OConnell greets enthusiastic crowds at Tiger A A South Boston and Car Workers Union in Lawrence. attends Polish Citizens’ Association, Vanita Club, and Degnan residence receptions. He outlines 23 rallies across Dorchester, Neponset, and surrounding areas with bands and autos accompanying the tour.
Street Commissioner James A. Gallivan campaigned across the 12th district from Fort Point Channel to Commercial Point. He held receptions in Ward 24, Ward 18 at Congress Hall with 2500 attendees, Ward 2 and 15 clubs, and Jewish and Irish groups, speaking in favor of his congressional bid.
Senator William P. Hickey of Sout Boston visited many clubs and associations statewide, spoke on his ten years in office, and outlined his platform. He criticized the repeal of the shipping toll exemption, supported the Hamill bill, and opposed literacy tests for immigrants.
The list includes the Hon Edward D Collins former Governor's Council member Representative John J Lydon and Secretary Daniel W Casey of the Democratic city committee and Matthew Martin president of the Hickey Club.
Senator Redmond S. Fitz gerald camps in Dorchester as he campaigns for the Democratic nomination to succeed Mayor Curley in Congress. He speaks at clubs including Woodrow, Mt. Pleasant S and WL, North Dorchester 8S and L, Savin Hill A A and Yacht, Dorchester Yacht, Tenean Veteran Firemen, Hecla, Ward 20 Dem Club, Tudor A C, Dorchester Club, Catholic Club of Dorchester, Kearsarge, Intervale, and lodges with Leather Handlers Union members at Wells Memorial Hall. A vote of thanks comes from Dorchester Federals for pushing improvements to Clad Town Field. Tonight the campaign plans a whirlwind tour of the entire 12th district.
The final concert in a three week Boston run featured Mme Evelyn Scotney in place of the ill Mme Weingartner. Jan Kubelik performed Mozart and Mendelssohn concertos, while Weingartner conducted Weber and his own Invitation to the Danse. Critics noted Kubelik’s dull Mozart but praised Scotney’s vocal display and the audience’s warm reception.
B U Flower founder of The Arena and The Twentieth Century Magazine told New Thought Forum at Hale Church Newbury Street that a national department of health would threaten democracy. He argued a powerful health ministry would back privileged interests seeking restrictive or monopolistic state laws curtailing citizens rights to choose their practitioners. He noted thousands of Americans cured by newer health schools after orthodox care failed.
The newly organized Chapter 559 of the International Union of Steam and Operating Engineers will hold its charter night on Wednesday evening at 63 Shaw Avenue.
The market shows a rebound after a deadlock with rails leading the recovery as Union Pacific and Reading regain some ground. Industrials rally and show strength but risks remain as prices may outpace underlying business conditions. Analysts differ on whether rails can extend gains or if industrials will pull back, with sentiment split between a mild advance and a sharp decline.
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