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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 27, 1916
Page
16
Boston Post readers submit questions on New England securities. Answers explain holding company histories, bond liens, and era-specific copper stock performances with caution on future investment value.
A Vermont reader asks if M K T railroad common stock priced around 40 dollars is a good investment and whether to proceed with the reorganization and any levied assessment. The answer notes pre receivership earnings covered fixed charges only marginally, credit exhausted, leading to receivership. Since then gross and net earnings declined, with receivership harming business and further net earnings lagging.
Receivers push maintenance to raise earnings while reorganization stalls pending full review. A new prior claim preferred stock may be issued to avoid direct assessments, correcting bond debt concerns and aiding long term value.
In Des Moines on March 26, Mrs. Sam Port received grafts from 80 frogs totaling 330 inches to treat burns covering nearly half her body. The rare procedure aimed to aid healing after the recent fire injuries.
The market cooled after a spring rise with rails steady and industrials and copper retreating from recent highs. Steel common moved between 87 1/4 and 89 1/2, remaining below its peak as investors doubt a large dividend rise. copper and railroad equities show mixed strength. Banks and brokers anticipate a commodity price retreat if peace looms, suggesting a shift toward seasoned rails as war stocks fade.
Tremont Trust Company launches a Christmas Banking Club offering 40 weekly progressive deposits with no enrollment fee. Participants may start with 2 to 15 cents or more, reaching about 16.40 with 40 weeks of increasing payments. Over 10,000 have joined, including 3,000 in one day, seen as a simple rainy day fund for holiday expenses.
Off shore vessels came to the new fish pier with good trips. More boats expected by market opening. Fresh fish remains scarce but weather improves, portents of plentiful catches and lower prices this week. Mackerel may arrive from southern waters in about two weeks, remaining high priced. Rebecca M Walls sold in Calais to load laths for New York. sale terms not public. Cayo Domingo arrives Bordeaux after carrying flour and barbed wire. City of Bangor, of the
The Eastern Steamship Corporation fleet, under Captain Hathorne, arrived from Bath and heads to Atlantic Works for overhaul before Kennebec service resumes next month. The Yarmouth liner Prince George carried seven passengers due to a train delay. The Italian steamer Mongibello, after a 30 day Genoa voyage with a coal stop at Algiers, arrived ballast and will replace Architec sails at Hoosac docks, loading 300000 bushels of grain for a Mediterranean port. Several foreign vessels are due this week including Soestdyk, Horsa, Slingsby, and more. The Reading ship's captain reported the death of Robert Bushey of Yarmouth, N S, drowned Friday. the crewman died while the schooner was bound in THE LANDSMAN.
A compiled notice lists steamers Mongibello Montuori Genoa via Algiers and other vessels including Prince George MacKinnon Yarmouth Bond Middlesex Runkle and City of Bangor along with steam lighters W H Moody Herbert Rickes and towing barges Frank Pendleton and Seneca in routes touching Norfolk Gloucester Bath Portland and Rockport with tugs and divers.
A roster of vessels including City of Washington Petrel Decker Undercliffe Norl Jacksonville and more are listed as sailing to or from New York Philadelphia Norfolk and other hubs. Tug and barge movements feature ships such as J B King Co S T Nos 5 6 Chemung and Devon with several towing barges and schooners noted for Atlantic trades.
Roseburg Ore March 26 Henry Tyson a rancher near Drew in southern Douglas county is the father of 21 children. Sixteen of the offspring are from his present wife. The Tysons have lived in Douglas county for many years.
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