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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 14, 1915
Page
22
Total sales by exchange show New York and Boston activity with gains and losses. The New York list records U S Realty rising from 5 to 39 and North American plunging 55 to 703 percent. In Boston, Boston Elevated climbs from 2 to 77 while Calumet & Hecla drops from 15 to 565.
Dull session on May 13 as stocks fluctuated within a narrow band amid war news from Washington and Berlin. Losses dominated early, with small recoveries and a further midday dip as bears cited the Dardanelles incident. War issues showed relative strength from new ally contracts. total shares sold 450,000.
Central Mississippi Valley Electric Properties Illinois and Iowa declares a quarterly preferred dividend of 1.50 per share payable June 1 1915 to holders of record at the close of business May 18 1915. Websier Transfer Agent.
Boston market shows broad losses on fears over the Germany note crisis. Old Dominion Osceola Superior United Fruit drop 8 plus points while Wolverine falls 5 and Calumet & Hecla 15. Boston Elevated rises 2 to 77 as United Shoe Machinery appeal news barely moves prices. Utah-Apex quarterly profits rise to 46665 with debt reduction paving a path to potential growth.
Boston market reports May 13 with steady activity in 5 volume. Leaders include First National Copper, Boston and Montana, and Utah Metal as detailed fluctuations follow in the trading row.
The Boston Stock Exchange reports the day's high and low prices for listed securities along with fast prices and a comparison to the previous close. Details cover major listings and market movement for the session.
Investment note urges buying zinc and copper shares as wartime demand raises profits for related companies. Promotes potential dividends and says wire orders are shipped at the firm’s expense. Brown, Lorimer & Co. specialists in odd lots at 413 Exchange Building and 53 State Street, Boston.
Trading volumes fell to a weeks low as investors awaited the President's note to Germany and German actions over wartime sinkings. Westinghouse plans new convertible bonds and plant expansion linked to rifles for Russia, while Virginia-Carolina Chemical shifts to 4 percent scrip dividends. Ray Consolidated reports strong earnings growth and higher copper prices amid war-driven market tension.
The four leading New York listed stocks Maxwell Studebaker Willys Overland and General Motors saw notable moves as dividend policy announcements came in Willys Overland paid 6 percent regular dividend plus a 5 percent extra on common Studebaker declared 5 percent Maxwell began 7 percent on first preferred with 0.75 percent extra back dividends General Motors held firm at a high before dipping to 125 after peaking at 150
The New York Bond Market page lists trades and yields across U S government and corporate issues. notable items include Erie 4s Erie 4th ext 5s and Union Pac 4s. Pacific and Reading issues with varying prices, along with totals showing $2,641,000 in sales for the day and year-to-date comparisons.
Washington May 13 The Interstate Commerce Commission ruled railroads cannot raise rates by 10 percent automatically after the Cummins amendment takes effect June 3. Carriers argued higher liability to shippers would force a rate increase.
The commission finds the Cummins amendment does not automatically lift existing rates. It notes no Congressional intent to alter lawful rates for transportation and that current rates with limited liability remain in effect. It allows railroad changes to bills of lading and classifications effective June 2 with at least three days’ notice.
Gloucester Mass grants $30 000 four percent bonds maturing 1916 to 1945 to Gloucester National Bank at 190.55. Other bids came from P M Chandler and Co Cropley McGaragle and Co Cape Ann National Bank Merrill Oldham and Co.
The Missouri Pacific Railway Company proposes an extension of present notes to allow the new board to craft a comprehensive financial plan. Noteholders are asked to deposit notes with Union Trust Company of New York or other designated depositaries for transferable certificates of deposit. Depositories listed include Union Trust New York, Girard Trust Philadelphia, Mercantile Trust St. Louis, and Hope and Co Amsterdam. May 14, 1915.
Governor Walsh and reform allies clash over report deadlines for taxation bills with Oct 25 versus Nov 10 as the target. Deputy Tax Commissioner Charles A. Andrews and Rep Mildram push passage while Corporation Counsel Sullivan objects to the tax commissioner power to set aside local assessments. The governor argues for this year's passage to counter tax dodging and to show good faith before the election.
Allies of the Governor urged the Senate Ways and Means committee to advance his tax reform plan while he warned of a wide open taxation issue at the next election. The panel heard two bills to expand the tax commissioner's powers and keep franchise taxes with the state, drawing opposition from John A. Curtin and Alexander Whiteside of the Massachusetts Tax Association who pressed to defer these bills and back a constitutional income tax amendment.
The Utah Apex reports for the quarter ended March 31 show gross receipts of 109487 and net 46665. ee H. S. Lord resigns as Chicopee Mfg treasurer and Chicopee local office closes. George Nichols of Minot Hooper & Co elected treasurer and the office moves to New York.
Maynard resident Harry Fowler has departed for Washington to become assistant chief in the division of information for the Federal Trade Commission. He will track congressional committee activity and report to chambers of commerce nationwide.
The Sunday Post features Dolly Dip in a tango performance with music words and a color picture. A colorful arts page highlights dance and song in a lively weekend spread.
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