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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 03, 1914
Page
14
The Baltimore and Ohio annual report shows a deficit of 2 272 000 after dividend payments for the year ended June 20 1914 with common stock surplus at 4 50 percent below the 6 percent requirement. Gross earnings fell about 4 million and net earnings dropped 11 2 percent as fixed charges rose over 7 million.
The twelve Federal Reserve banks will begin operations on Monday November 16 by order of the Secretary of the Treasury. Officials estimate about 400 million dollars in reserve cash could be released for commercial use, with at least 275 million considered likely. The anticipated cash release is expected to lower money rates and spur a revival of business, and a Boston Post financial page analysis will examine the operation and its effects. The weekly financial article will appear Thursday instead of Wednesday.
October earnings show Bay State Street Railway up 812 percent from a year earlier with a $24 000 rise. Anaconda copper output fell to 11 800 000 pounds in October from September and prior October levels while normal monthly output is around 20 000 000 pounds. Emergency currency at Oct 31 stood at 361 923 91b, down from Oct 25 peak by 7 274 076. National bank circulation rose by 4 160 178. IO Phelps Iron and Coal and other lines report mixed results with St Paul and Canadian grain figures showing mixed gains and losses. Copper mine closures loom as Tron Cap Copper plans shutdown. Maine Central's September gross nears 1 056 376 with net after taxes 275 899. Cotton exports hit 47 403 bales, up 28 903 from a week prior.
Wheat rallied on good demand with modest offerings and varied gains across futures. Corn and oats showed firm tones with outside and closing gains. cash market quotes list several No 2 red and yellow grain prices in Chicago and regional exchanges.
Nov 2 quotations show current rates for loans and commercial paper with 6 to 7 percent minimums. New York funds and Sub-Treasury figures indicate gains and balances, including par exchanges in Boston and New York, with year prior comparisons and Saturday gains noted.
The First National Bank announced the opening of a new time deposits department to hold funds not intended for immediate investment. It plans attractive interest rates for deposits with specified terms or 30 days notice and relocates stock registration and municipal bond certification to larger quarters nearby.
A fragmented Boston stock sale note lists several issues including Agri and Chem preferences and masses such as Mass Gas common and Nipissing. The text is garbled but indicates official sales activity in the Boston area with multiple company prefixes and classifications.
Massachusetts Gas Company declares a regular semiannual dividend of $2 on its preferred stock payable December 1 to shareholders of record November 14.
Washington reports Carranza warned of civil war if the convention did not retire Villa and Zapata and resign. At Aguascalientes the revolutionary chiefs elected Eulalio Gutierrez provisional president, while Carranza withheld recognition and demanded explanations. Troop movements hinted at looming conflict between Carranza and Villa factions.
Fifteen million dollars in gold coins, the largest ever received at the local sub-treasury, arrived in Boston from the Denver Mint under armed guard. The cargo, weighed 27 tons and split into 3000 bags of 5000 dollars each, was moved by 30 wagon trips to the sub-treasury for the new federal reserve bank opening this month.
Cleophas Blanchard went to the police station and confessed killing his wife at their home last Friday. He is in custody on a murder charge and will be arraigned tomorrow.
Milford Company of the National Guard presents the Philippine war drama Under the Stars and Stripes at the local theatre on Wednesday evening November 11. Local talent stars with Mrs. Susan Hoskyn as a leading role and the militia company contributing an active part.
In Suffolk Probate Court yesterday the Sullivan and Chase families fought over Harriet Sullivan of Belmont. The child has been with Mr. and Mrs. Chase since infancy while Mrs. Sullivan and Mr. Sullivan contend for custody. Charges include threats with a knife and past protective moves.
Miss Elizabeth Glancy was assaulted and her handbag stolen shortly after 10 pm. Patrolmen Mellor and Kelly pursued and stopped the fleeing suspects on Huntington avenue, arresting Joseph P. Glynn on larceny from the person. a second man is detained on drunkenness. Glancy and witnesses will testify in court.
The cable ship Restorer, which arrived in Seattle September 20 from Esquimalt B C, flew the British flag and has now registered in the United States. Its officers and crew are all British subjects and the Pacific Commercial Cable Company vessel plans to proceed to repair work in the Fanning Islands where German forces previously destroyed a cable station.
Mrs Elizabeth W Grogan wins control of her daughter Beryl Grogan Krause Remains after conference with Rudolph Krause farm hand husband and lawyers He agrees to allow shipment to Cambridge Mass for interment in Mt Auburn Cemetery family vault Grogan to reimburse funeral costs plans to depart with body tomorrow She also settles finances of Buckeye Texas cotton plantation
Providence Rhode Island November 2 John G Townsend believed last Mexican War veteran in Rhode Island died today at age 87 He served in the Ninth Massachusetts Regiment A son who fought for Britain against the Boers is in the allied army in France
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