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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 24, 1914
Page
16
Massachusetts residents read about exemptions on federal income tax and state and municipal taxes. The notice explains eligibility criteria and prices apply on request for more details.
Prices turn upward in every quarter as Hill stocks push higher. Isle Royale publishes 1913 annual report showing a deficit of 382,301 dollars.
Total sales in New York were 332 500 and Boston 19 610 shares yesterday. Major movers include Del Lack West rising to 400 in New York and Boston & Maine pref climbing to 65. Call money stood at 8 to 2 percent in New York and 3 percent in Boston. Time money ranged 2 1 2 to 4 1 4 percent in New York and 4 to 4 1 2 percent in Boston.
Stock market showed an uneven day with quiet trades by professionals yet closed well above last week's levels. New Haven rose early on dissolution settlement hopes, then faltered after Washington signaled near agreement. Northern Pacific led gains aided by Burlington overhang rumors while bond prices rallied later. Total sales reached $2,835,000 with United States Bonds unchanged.
Boston trading mood turns bullish on March 2 as Allouez Island Creek New Haven Boston & Maine and Agricultural Chemical common rise. New Haven gains on segregation plan while Agricultural Chemical ex-dividend stock advances despite small volume. Isle Royale copper costs and 1913 report draw comment. Butte & Superior and Telephone issues also strengthen, closing with a notably strong tone.
Legal investments for Massachusetts savings banks list bonds from Brockton Wheelock lines and Lynn Boston lines with due dates from 1917 to 1954. The note cites New Bedford Middleboro Brockton line and others, marketed as suitable for savings and trust funds and mentions Perry Coffin Burr at 60 State Street.
The bond market showed strength and a broad advance led by Great Northern and Northern Pacific amid rumors government may dissolve joint control of the Chicago Burlington and Quincy. Union Pacific, Amalgamated Copper, and Steel traded higher, while Isle Royale's results revealed a worse than expected deficit due to mining labor troubles. The Sea Ships oyster reorganization plans wipe old stock, issue $10 per share assessments, and create the Atlantic Oyster Company with $500,000 new capital.
Consolidated February production in Nevada reached 4 588 242 pounds of copper, down from 5 791 122 pounds in January and 798 587 pounds in February 1913. At United States Worsted Company stockholders meeting proxies from foreign holders were sufficient to implement the reorganization plan, which had been published and approved by about 9 percent of all stockholders.
Saco Missouri sold fifty thousand dollars of four percent coupon funding bonds dated April 1 1914 and due 1939 to A B Teach Co and Maynard S Bird Co jointly. Other bidders included Hayden Stone Co Lee Higginson Co Paine Webber Co Merrill Oldham Co Adams Co Hayward Wilson Kean Taylor Co Liggett Hichborn Co and the Fidelity Trust Company of Portland.
The Deposit Agreement committee announces a Plan of Reorganization dated March 17 1914 with Old Colony Trust Company as Depositary. Depositors must file dissent notices within fifteen days after filing, and holders of Three Year Bonds or Preferred Stock must deposit by April 8 1914 to participate or subscribe under the plan. March 23 1914 Old Colony Trust Company Boston. ROBERT F. HERRICK HENRY HORNBLOWER PHILIP STOCKTON Committee.
The Boston City Hall story says Mayor Curley plans to replace first assistant assessors and appoint others, drawing potential Civil Service Commission opposition as interference. Four assistants have resigned after being told they were marked, and eight first assistant spots may need filling including the promoted Creney.
George Hall head of the perfume department at United Drug Company received France’s Chevalier du Merite Agricole for promoting French resources. The honor was awarded by French Senate and presented by Consul Flamand in Boston. Mayor Curley and Louis K. Liggett witnessed the ceremony.
The 12 months ending February 28 1914 show eight months on the old basis and four months on the new basis following City Service Company’s purchase of Utilities Improvement and Consolidated Cities Light Power and Traction Companies.
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