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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 01, 1914
Page
22
Substantial gains in stock prices are reported with Mexican Petroleum, Brooklyn and All the Pacifics showing advantage. Alaska gold issues 19]3 annual report indicates the steel common is freely supplied on the advance.
Total sales in New York reached 288 600 shares with Boston at 17 356. Steel led activity in New York with 59 900 shares while Alaska topped Boston with 2 375 shares. Year to date New York 29 726 200 shares and Boston 2 200 527. Comparisons show New York down from last year and Boston up in some indices. Movements highlight gains in Mexican and Hecla, losses in West End Street Ry pid, and notable shifts in money markets and petroleum shares.
Quotation marks moved up decisively in late trading after hours of dullness. A rise in Missouri Pacific to a day low of 15 1-4 then a near four point recovery spurred broad market gains as London and improved Mexican prospects supported sentiment.
Boston on April 390 saw a quiet market with Greene Cananea rising to 33 45 after an advance from 27 8.4. The Greene Cananea board adjourned today for a week to review a dividend. Alaska Gold attracted broad buying following its strong 1913 annual report. Massachusetts Electric preferred fell to 56 as overall volume stayed light. Alaska Gold and Greene Cananea led activity at day’s close near their highs.
The market ebbed and flowed with steel weakness early, followed by a sharp rally in Missouri Pacific that boosted the sector. Union Pacific and Amalgamated stood out among leaders while Reading struggled to recover. Rail averages clawed back two points from week lows, industrials two and a quarter, signaling partial rebound from yearly lows. Copper climbed to 1438 cents per pound on strong demand, amid mixed factors including easy money and hopes Missouri Pacific may avoid default through new financing plans by Kuhn, Loeb & Co.
Utica will take bids by noon May 4 for 153000 of 4 1 2 percent public improvement bonds with several dated series through 1934. New Bedford sold 235000 of 4 percent bonds in four issue classes. Blake Bros and others listed as bidders. Seattle will accept bids by May 22 for 300000 of 4 1 2 percent water tunnel gold bonds due 1934. Chattanooga will take bids by May 18 for 50000 of 4 1 2 percent paying bonds due 1944.
The bond market report from New York on April 30 records new low prices for Roc vr collateral 4s Flint and Pere Marquette 6s Vettesburg first 5s and Rock Island debentures. Xian 5s at 8.14 bid 8.14 asked the local traction issue remains firm and United States Steel 5s show a slight firming.
Delaware Lackawanna & Western Coal declares a special cash dividend of 10 percent payable May 15 to stock on record May 5. General Chemical pays a regular quarterly dividend of 1 1/2 percent on common stock on June 1 to record May 20. Liggett & Myers Tobacco pays a regular quarterly 3 percent on common stock on June 1 to record May 15. Mobile Electric pays 1 3/4 percent on preferred stock on May 15 to record April 30. Pure Oil declares 5 percent on common stock with record May 1. Consolidated Gas pays 1 1/2 percent in stock on June 15 to record May 12. Detroit United Railway yields 1 1/2 percent quarterly to holders of record May 16 at noon on June 1.
Copper futures traded quietly with spot and June at 13.50 to 14.00, electrolytic 14.37, and casting 14.00 to 14.87. Tin eased near 34,200 to 34.30 with July 34.50 to 34.80. Lead steady at 3.85 to 3.95, Spelter 5.05 to 5.10, Antimony dull at 7.25, Iron firm and unchanged.
G Edward Graff was moved to new offices at 19 Congress Street rooms 66 67 and 68. The Massachusetts Trust Company seeks Board of Bank Incorporators approval to open a branch near Huntington Street and Massachusetts Avenue.
The Alaska Gold Mines Company reports 1913 assets totaling 7.75 million, led by 4.03 million in stock and bonds and 1.8 million in notes receivable. Liabilities stand at 7.75 million with a 7.5 million capital stock and a 3,973 surplus. Gastineau Mining assets rise to 17.63 million, from 15.63 million last year. President Hayden says no large new expenditures now, focusing on planned crosscuts east of the main shaft and Sheep Creek area to delineate ore prospects for a future mining timeline. Vice-President Jackling highlights 1913 developments with detailed reports, photos, and maps for stockholders.
Notices list numerous February or April deaths across Boston neighborhoods including Albert Carson Levi H Carter Frank Albert Chandler Hannah M Craig Patrick Witzsimmons Catherine Flynn Jennie H Gilman John Glynn Emma J Gough Emma J Hart Bernard J Hart Neil Harkins George J Featherstone Jackson Margaret J Kiley Michael McDevitt Stephen McGrait Herbert R Morris Charles J Moore Sarah Murphy Ottilie Poetters Mary Murphy Louise Ryan John Shea Anton Sjostedt Franklin Snow May 2 services at multiple residences churches and cemeteries with relatives invited.
The group adopted a resolution thanking Governor David I Walsh, recalling the broad direction of Governor John Winthrop and the early development of the cotton industry. The resolution closed the second day of its annual meeting at Mechanics Hall yesterday afternoon.
Resolutions praised readers of papers and the National Textile Exhibitors Association for hospitality. The association endorsed Department of Commerce foreign market efforts and census cooperation. New officers elected include Albert Greene Duncan of Boston as President and vice presidents William M. Butler and Grosvenor Ely. directors named, and membership pushed toward 1000.
An article notes that improvements will be announced soon and highlights the overlooked role of reflectors in artificial lighting. A. G. Hosmer argues boilers can run at high duty for better results, endorsing automatic stokers and artificial air. Attendance exceeds 10,000 as the textile exhibit is praised as the best attended. Students from Boston schools will visit as guests today and tomorrow.
Opera singer Florencio Constantino was hosted by the Boston Press Club at 3 Beacon Street. The Spanish tenor performed over an hour of Spanish and Italian arias with accompanist Pietro Vallini, plus Miss M Harriet Joyce and Edward J Wall provided further numbers.
Mrs Olive B Pond of Brookline filed a libel for divorce in Norfolk county court at Dedham against her husband Robert L Pond promoter of 19 Congress Street She seeks a restraining order fearing bodily injuries The couple married March 3 1882 and lived in Somerville Milton and Brookline She alleges that about January 1 1902 Pond began gross confirmed intoxication habits that continued to filing date
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