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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 27, 1911
Page
14
General Electric was a strong feature of the trading, advancing to 1646-8 a new high for the present movement. The market tone remained firm after opening, with bulls and bears taking a breather while awaiting new factors.
Market activity was fair with Inspiration leading in volume as 6150 shares traded. General Electric reached a fresh price high at 165 while bonds on Amalgamated and American Zinc rose, and North Butte United Fruit Calumet & Arizona also drew interest as the market stayed firm and active.
William B. Thompson of Thompson Towle Co. is named a director to represent Morgan Harjes Co. of Paris, succeeding the deceased J. C. Reiff. A compact update on mining company movements and recent earnings figures follows with several property and debt notes across Montana Nevada and California mining interests.
The Boston Market reports irregular prices across bonds and stocks with total sales, including 11,628 tested shares and 15,384 unlisted shares, plus $61,000 in bonds and 2718 in rights. Prominent mentions include Copper, Rhode Island Coal, Ely Con solidated, Nevada Douglas, and United Verde Extension amid broad fluctuations.
The Eastern Tale Company announced a quarterly preferred stock dividend of 1.4 percent on its preferred capital stock. The dividend is payable June 15, 1913 to holders of record at the close of business June 10, 1911. State Street Trust Company serves as transfer agents.
Stockholders must offer their 1000 shares for sale before transfer. A. Ek. Long & Co., 31 State St. Boston, advertise the sale of No Am Rubber Island Coal stock with details obscured in the text.
Market reports from Boston curb trades show broad activity tempered by consolidation among buyers and sellers. Firms such as Amalgamated, Majestic and Raven are noted among participants as conditions shift.
Newport Rhode Island awards a temporary loan of 50000 dollars to Blake Brothers at 8 15 percent discount and 75 cents premium. Oregon Washington Railroad 50 year mortgage issue oversubscribed with Kuhn Loeb and Baring Brothers leading. Northampton Massachusetts grants a 75000 dollar loan to Blake Brothers dated May 29 1911 at 3 and one half percent discount with 2 85 dollars premium.
In a long running dispute Western Union Telegraph Company appeals a 18 year old case against American Bell Telephone Company. The appeal seeks over five million dollars based on a 1879 agreement for 20 percent of rentals and royalties from licenses. A bond of seven and a half million dollars was posted to secure the appeal while Western Union posted two thousand dollars.
R G Dun weekly review notes improving business sentiment, stronger in the East and in the securities market. Cotton goods demand expands, retail trade gains momentum, and outputs may be nearing production limits. Prices for gray and bleached cottons rise, leather and hides firm, footwear business improves, and New England manufacturers hold larger contracts than a year ago. Failures fall in the U S but rise in Canada.
Bradstreet's report indicates favorable crop prospects and slow overall trade, with irregular improvement. Retail activity rises on good weather while wholesale remains quiet. leather and cotton goods firm, wool active in the West. Bank clearings up 7.6 percent, with 236 business failures last week. Corn and wheat exports show varied gains, while building activity slows and tariff expectations loom.
Numerous Boston churches announce Memorial and regular services for Sunday. Notable events include Warren Avenue Baptist with memorial service for John A. Andrew Post No. 15 and evening selections by Adelphi Quartet. Tremont Temple and Clarendon Street churches host varied sermons and special music. Union Congregational plans Civil War veterans memorial. Park Street, Park and Tremont streets present sermons by Dr. Conrad. Unity Church marks 28th anniversary with address by Dr. Lane and potential political remarks from Rep. Frank Pope.
Kodak declares quarterly preferred 11 2 percent and 21 2 percent plus 5 percent common with May 31 record date. Goldfield Consolidated Mines 30 cents and 20 cents extra for July 31 record June 30. Utah Copper 75 cents with books closed June 16 reopen June 21. Nevada Consolidated Mining 8 1 2 cents with June 16 close and June 21 reopen.
Wellesley High defeated Natick High 9 to 7 at home, tallying five runs in the first inning. Key contributors included McGrath for Natick and Sullivan for Wellesley in an opening game showcase.
Ithaca N Y May 26 with the Harvard Glee Club and thousands of Cornell alumni and visitors present all is in readiness for tomorrow s races between Harvard and Cornell crews. Both crews had light practice with Harvard recording stroke rates up to 42 per minute and Cornell covering about 10 miles. Coach Courtney remains content while Harvard plans to toss for its course if needed. Weather expected to be perfect.
In the Milton High interclass series Milton freshmen beat juniors 17 to 9. Miss Carter pitched well for the juniors with ten strikeouts though the freshmen collected 16 hits. Miss Geerg and Beals sparred well for the freshmen defense and offense as rain ended the game after six innings.
The Boston Types will meet the Dorchester Centres at Savin Hill playground on Decoration Day afternoon at 3 30. Writer seeks a strong team for Monday June 3. James HL Butler 7 Saco Street Dorchester.
A dense notice lists numerous spiritualist gatherings in Malden and surrounding Boston areas for May 28. It cites various societies, halls, speakers, and mediums including H L Berry, Hiram G Berry, Madam Bradley, J J Darling, Fred Niles, Edna Parker, and others. Events feature services, lectures, circle readings, seances, and memorials with venues from Pleasant Street to Tremont and Huntington avenues. Public invited with programs spanning 2 p m to 8 p m and closing events at 7:30 p m.
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