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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 19, 1913
Page
14
Weekly Monday column promises impartial stock and bond inquiries for New England firms. It will address listed and unlisted securities, with reader correspondence and financial topic comments when feasible. The Post cautions it cannot guarantee data accuracy or predict market movements or stock reliability.
The document instructs writers to limit inquiries to a single subject and provide the inquirer’s full name and street address. It states answers will cover listed and unlisted stocks and bonds of New England industrial, public utility, bank and mill companies. All inquiries must be addressed to FINANCIAL EDITOR, Boston Post, Boston, Mass.
Reader seeks better returns than 3 1/2 to 7 percent savings. Advice notes first class municipal bonds, railroad and utility bonds with yields 4 to 6 percent, United Fruit notes around 6.25 percent, and preferred stocks 6.25 to 7 percent. Recommends consulting reputable investment houses and bank referrals for tailored lists. Also discusses Copper Range prospects and Boswycolo liquidation context.
The firm announces a semi annual dividend of 3.00 per share on preferred stock and a quarterly dividend of 2.00 per share on common stock to be paid June 2 1913 to holders of record at close of business May 21 2013. Stone & Webster Transfer Agents.
The report notes a market near yearly lows with rail stocks and industrials dipping while overall sentiment remains pessimistic. It cites limited daily volume, a potential for a sharp move up or down, and argues for savings, reduced speculation, stronger bank reserves, and cautious expansion as the path forward.
The Pacific Ocean was let into the Panama Canal today following a massive blast of 32 750 pounds of dynamite that destroyed the south dike near Miraflores locks. The water flowed into a large, nearly completed excavation area and caused tremors felt in Panama City.
Congress man Forrest Goodwin of Skowhegan was rushed to Portland's hospital by special train after two stomach hemorrhages on Saturday. Doctors cite acute indigestion as the cause. He traveled well and was stronger by evening though seriously ill. doctors say the condition is not critical and no alarm is given.
Question No 88 notes Lake Copper as a highly speculative pick with uncertain ore extent and narrow lode, advising against averaging down. Boston Ely stock at 50 cents, after paying $2.50, is blamed on ongoing drift and unresolved company issues hindering profitability.
Half a dozen fishing vessels reached the Abit’ Ywater front with schooners Hattie Heck man Hortense and Matchless and beam trawler Crest among them. The Danish steamer Arkansas docked at Hoosac docks after inspection and cargo discharge at New York and Philadelphia. Tonight arrivals include the steamer C. Sundt and Norwegian steamer Joseph J. Cuneo, with several more liners due midweek and a large Laconia passenger voyage anticipated from Liverpool. The tug Catawissa departed to Vineyard Haven after quarantine duty, and three Johnnie schooners also arrived with lumber cargoes. The steamer Boston carried a lobster shipment to local dealers and consulman Clifford Gordon returned aboard Arcadia. Belmont prepares to sail for Buenos Ayres with lumber cargo.
Company management reports the Laramie reorganization plan has been presented to stockholders and expects to learn the plan's result within a few weeks.
A note from the community leader expresses cautious optimism that ongoing efforts have begun to show results, even as challenges remain ahead. The message signals a shift in momentum after sustained work by local volunteers and organizations.
A. S. West of Somerville Massachusetts notes the Santa Fe Gold & Copper venture is a small, long developing operation with meagre profits. The mine has often closed due to copper price lows and although reportedly operating now with some success it remains a speculative venture.
Shipping notices list steamers and schooners arriving at and sailing from Port cities. Vessels include Limon Towell Governor Cobb Simms, City of Banner Blair, Cape Ann Godfrey Glou cester and multiple tugs and barges moving between Philadelphia Salem Portsmouth Portland Searsport and other ports.
Calendar for today lists Catawissa R R 1st and 2nd preferred at 21 2 per cent with ex dividend dates in parentheses. Norfolk & Western preferred at 1 per cent, Butterick 3 4 per cent with 6 2 ex date, Granby Consolidated Magazine and Smelt 11 2 per cent with 6 2, Pittsburg Brewing 13 4 per cent with 5 29 date, books close Braz Braz Trac Lt Power for special meeting, books open Kansas City Southern US Steel preferred.
New tariff schedules promise lower prices on foods clothing drugs and household goods. The Sun analysis highlights widespread duties removal cutting costs for tools farm supplies coal coalitions meats and consumer goods with taxes easing on textiles carpets oils glass and hardware and a phased sugar reduction into 1916.
Harvard bureau of business research reports wide variation in shoe retailer profits expenses and stock turnover from 20 to 42 percent gross profit and 1.8 to 35 percent operating costs. The study covers 1380 stores nationwide and promotes a uniform accounting system to enable meaningful comparisons.
In a brief social moment, one man greets another as Smith and remarks on altered appearance. The reply clarifies the stranger’s identity, noting the name mismatch and prompting a lighthearted exchange about names and recognition.
The Metropolitan Water and Sewerage Board invites sealed proposals by June 6 2013 at 2 30 p m for constructing a 54 inch sewer in trench a 48 inch sewer in trench and tunnel plus associated drains and masonry work in Winchester Massachusetts Plans and contract forms are available at 1 Ashburton Place Boston A certified check of 3000 is required with bids and bond of 25000 is not required The board reserves right to reject all bids Partners listed include Henry H Sprague Henry P Walcott Charles S Hamlin Frederick D Smith and William W Davenport
Probate notices announce licenses to sell and administrations in Suffolk Mass. estates. Follows petitions by Fred Joy and others for sale of real estate to pay debts, with hearings set in Boston and Winthrop. Notices require publication in the Boston Post and delivery to heirs, with witnesses and dates in May 1913.
The petitioner Joseph Engel seeks a one year gasoline license for 100 gallons stored in an underground tank at 23 Arborway corner of Pond Street Boston. The Board orders 14 days notice by publication in the Boston Post and a public hearing on June 10 at 11 a.m. Secretary J J O'Callaghan notes the action. Also Building Commissioner notified about EK Turner seeking to use a 20 hp steam engine at 1 Swift Street Ward 1.
The petitioner must publish ten days' notice in the Boston Post. Objections may be filed with the commissioner to wring. Signed by Arthur G. Everett, Building Commissioner. Date May 16, 1913. Session 20.
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