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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 08, 1920
Page
12
Yesterday the market showed dullness with total volume under 600000 shares. Oil issues led gains while Steel and other leaders fell. Atlantic Gulf rose to a yearly high, and Eastern Steamship held firm near 28 3 8.
Cuban Cane Sugar is projected to produce about 410,000 bags this season, far below the earlier 4,700,000 bag estimate, with talks that 4,000,000 bags would be a strong result. Fiscal year earnings are seen near $20 a share, up from $7.77 last year, while Central Perseverancia has completed its crop at 124,000 bags. St Marys declares a $2 dividend funded by Champion Copper distributions. International Motor Truck reports 38.60 dividend basis with large truck orders for 1920, Endicott Johnson employees invest, Stewart Warner plans a large stock issue and restructuring, and International Cotton Mills raises its quarterly dividend to 3 percent.
A crowded bond market page lists numerous Liberty and municipal issues with varied coupons and maturities. Filings include Norf and State Coal and Coke, City of Words, and Erie, with references to 1921 1922 and 1930 issues, along with rail, utility and industrial securities and several Canadian and foreign entries.
Market barometer shows mixed readings with references to Montana Power and Illinois real estate players. Mentions Rubber A and US Realty among others, indicating a snapshot of sector activity without a clear directional trend.
New York cotton market outside brokers quote at 8 percent. Customer brokers' loans range from 8 to 7 percent on customer collateral loans 64 to 7 percent. Commercial paper yields 7 percent. Year money also 7 percent.
Financial notes discuss a new Massachusetts rule allowing foreign corporations to credit 5 percent of dividends paid to Massachusetts residents, potentially reducing net taxes to 1.5 percent. The piece also explains tax calculations for stock profits, including stock splits and dividends, and cites a banker's view on rising wages, consumer demand, and living standards.
New York May 7 Conditions similar to midsummer bustle marked trading as 600 000 shares changed hands the smallest full session this year. Ralls rose irregularly on hopes federal regulators will grant higher rates while shippings led by Atlantic Gulf and United Pruitt stayed prominent. Oils faced pressure from Mexican markets as Royal Dutch and Shell held firm domestically. Bond market remained steady with rails gaining and Liberty funds recovering. total par value sales reached 13 575 000.
Nearly 700 members and friends of the British Navy and Military Association attended the 24th annual ball in South End last night. The event featured a military drill led by four World War veteran buglers and a grand march led by Colonel and Mrs. Bentley. The hall echoed with English and American colors, flowers, and music from Bugle Major Schoppe and the British Overseas Highland Pipers amid guest appearances from notable veterans and officials.
A Senate debate over a dyestuffs bill featured a letter from DuPont’s publicity bureau claiming threats against a senator if he opposed the measure. Senator Kenyon read the letter, noting it came from Wilmington, Del. and warned of pro German influence in blocking American dyestuffs. The exchange highlighted tensions as Frelinghuysen and Thomas spoke on the bill’s aims and opponents.
A Wilmington reader questions Senator Moses about General Leonard Wood's national preparedness position and the dye bill. The author cites discrepancies between campaign rhetoric and Senate actions, seeking clarity for a publicity campaign.
Senator Kenyon cites a letter resented by Senator Moses and General Leonard Wood as part of a publicity campaign supporting the bill. He says Wood and the Presidentiable ally backer reaction are being misused to threaten the campaign. The debate stalls as Moses is absent and a vote is postponed.
Walter L. Colburn of Cambridge Mass wins first prize in the Post contest for Limerick No 110 with a $100 check. Colburn has worked 27 years for Dwinell Wright Boston as roasting room foreman and is a North Brookfield native who has lived in Cambridge for nearly 30 years.
Consolation prizes are awarded today to nine entrants ranked next in merit to the winner. Names include Carl F. Perther Granite St Tilton Fannie E Merchant East Weymouth Lynch Moraine Farm North Beverly Weatherbee 521 North Montello Brockton Brooks Oak Hill Harvard Murphy West St Attleboro Elsie Proctor 21 Norway Park Hyde Park Richardson Box Hyannis Bradbury North Anson Kelley Westland Ave Boston.
The Post will print the prize winning Last Line of Limerick II in tomorrow’s edition with the author’s name and details. The item highlights a recent contest result and identifies the writer who earned the prize.
The Boston Post announces a daily original Limerick contest with cash prizes up to 100 dollars for the best last line and 150 dollars daily for consolation prizes. Open to all readers except employees, lines must be mailed in sealed envelopes with numbered Limericks and a specified return address.
Participants are allowed to punctuate their final line to fit their own limerick ending. The instruction mentions adapting the last printed line to suit personal sense and includes the phrase aniwee Name Street and Number.
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