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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 30, 1911
Page
14
The Rollins Magazine announces its first issue will be issued around April 1 1911 to cover growth in the nation, industry, utilities, railroads and municipal development with seasoned contributors aiming for a national audience and potential future edition expansion.
Total sales in New York reach 273,200 shares and Boston 18,391 with the Steel common leading in New York at 43,200 and Am. Telephone in Boston at 2,675. Year to date New York totals 26,945,500 shares and Boston 1,540,406. Wisconsin Central posts the largest gain in New York while Am. Woolen common falls. Boston & Lowell rises and Am. Woolen common declines further. Call money sits at 2 1 4 percent in New York and 2 to 3 percent in Boston with time money at 2 to 4 percent in New York and 3 1 4 to 4 percent in Boston.
The market failed to hold gains on Wednesday with declines easing and some gains notable. Canadian Pacific rose to 226 as talk of a 250 target for the issue lingers, while investors expect a financing plan with a valuable right to subscribe to new stock. Equipment issues also showed strength despite the overall cautious tone.
Canadian Pacific subsidiaries in the U S and Canada show stock gains with Minnesota, St Paul and Sault Ste Marie up over three points and Wisconsin Central rising similarly. Official circles deny a dividend on Wisconsin Central common stock, while bond prices remain flat though trading stays brisk. Banks shift idle cash to bonds as rail earnings show mixed signals with potential smaller gross declines than feared.
The local market opens quiet then weak with a rise in activity, led by American Woolen securities. The preferred drops from 90 to 86 and recovers to 88. The common opens 34 1 2, slides to 31 1 4, then recovers to 32 1 4 and closes 31 3 4. Disapproval of financing methods blamed for over capitalization and asset valuation concerns.
The piece critiques management for selecting 95,01 shares of common stock and adding 4989 unissued shares while neglecting other holders and raises whether preferred stockholders coexist with regular holders. It cites a Boston News Bureau editorial urging honest explanations amid market activity and notes dull trading in American Woolen and copper shares.
The Butte Central stock traded on the Boston curb exchange with a drop to 213-16 as tired holders sold freely. The price then recovered to 3-4, the session’s best figure, amid activity in Bay State Gas Rhode Island Coal Amalgamated Nevada and Crown Reserve. Fluctuations in detail are given herewith.
Trading showed heavy selling of Butte Central with prices slipping to 218 16 as officials affirmed property remains in good condition. Montreal and local buyers absorbed shares, signaling a technical market shift rather than fundamental deterioration. Also, a tunnel project linking the Colorado and Joe Bush shafts of Inspiration is to begin today, with a 86 inch gauge track to be laid. Renewed New York buying of La Rose supports optimism about the property and some expect a higher than 8 percent dividend though directors keep the existing rate.
The Boston Market reports the course of stock and bond prices with totals of sales and comparisons to the previous close. The note lists overall market movements and summarizes daily activity across major issues.
An item from a New York bond listing referencing address 24 Milk Street Boston Massachusetts appears in historical notices. The fragment mentions a location tied to bond or financial notice activity, with no additional context or names provided.
Salem Massachusetts will accept bids by 7 30 p m March 380 for a temporary 100 000 loan maturing October Newport Rhode Island bids by 5 p m April 4 for a 10 00 loan maturing September 1 1911 State Treasurer Panes borrowed 800 000 in anticipation of taxes at 2 75 percent The recent issue of 2 241 000 Massachusetts 3 12 percent bonds has practically all been sold
Miss Helen Grenfell of Denver rebutted a Magazine attack on suffrage at the Boston Equal Suffrage Association anniversary luncheon. She cited Denver's lack of cigarette smoking and liquor among women and Colorado’s high birth rate. The event in Vendome followed a morning business meeting naming officers and featured speakers Alice Duer Miller and Maul Gorham among others.
After a seven week session the Newfoundland Legislature was prorogued. Governor Ralph C. Williams said the colony enters an unprecedented era of prosperity as 33 bills were acted upon during the session.
Dividend notices list quarterly payments from American Rolling Mill Co Globe Wernicke Co Public Service Corp of New Jersey International Paper Co Commonwealth Gas and Electric Marlboro Electric Westboro Gas and Electric Delaware Lackawanna & Western Coal Co Commercial National Bank American Trust Co Associated Merchants Co with various percentages and record dates in March and April for common and preferred shares.
Steel common 11 4 percent with books close. Booth Fisheries preferred.
Morning Star arrived with 94 500 pounds of fish for sale as the fleet totaled 877 000 pounds including haddock cod halibut pollock and others. Prices varied from haddock to hake with cargoes and passengers moving via several ships and immigrants continuing to arrive. The Ionian and Canopic routes and other vessels laden with cargo and people head toward Halifax Kingston and Jamaica. The Landsman section notes upcoming service changes and summer preparations.
Maritime report lists arrivals at port including steamers Ontario Bend Grecian Briggs James S Whitney Bay State Mitchell City of Gloucester tug tadbarges and schooners Theoline Jacksonville Elwell Melvor Perry Nelson Rockport Maine Cleared calls Sagamore Admiral Dewey Ragnarok Manzanillo Gloucester Newport News and Baltimore Sailed names include Lenape Jongs Silver Brook Saucon Eagle Hill and others with multiple tow barges and calls at Providence and Newburyport
Dr Francisco Bertrand is named provisional president of Honduras following a peace agreement with revolutionary forces. Inauguration yesterday in Tegucigalpa was attended by the diplomatic corps and national congress. General Davila delivered the farewell address and Bertrand replied cordially.
Next Sunday's Post showcases an embroidery made easy design for a shirt waist. The pattern, part of the famous series, transfers with simple soap and water.
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