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This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 12, 1914
Page
16
A financial notice describes deposits earning special interest for fixed terms or on 30 days notice, with Capital, Surplus and Undivided Profits totaling $16,800,000. The document outlines terms likely under a bank or financial institution and signals favorable rates for time deposits.
Boston banks led by National Shawmut and First Bank announced entry into a cotton pool to support New England mills while preserving credit for large purchases. Officials said a Northwide subscription could help stabilize prices and back Federal Reserve support, with broader market gains following.
Northern Texas Electric Company of Fort Worth Texas declares a quarterly dividend of 1.75 per share on common stock payable December 1 1914 to stockholders of record at the close of business November. Transfer agents WEBSTER listed.
Announcement due within 24 hours fixes opening date for the New York Cotton Exchange. Seats traded at 7500 dollars yesterday after earlier sales at 7000. W V King, superintendent, urges members to provide telephone clerks with admission cards for the coming year.
Financial notes report the London Metal Exchange will reopen for regular trading on Monday with a single daily session. James S. Douglas resigns as Greene Cannanea general manager, to be replaced by Professor Ricketts on the new year.
Boston current quotations for Nov 11 show call loans at 6 percent for brokers and 7 percent for outside brokers slow calls with 6 percent for quick calls. Commercial and year money and paper range 6 percent and upward. New York silver and Mexican dollars cited. Clearing House and sub treasuries list daily exchanges balances debits and credits with notable net losses in New York treasury operations.
Washington Nov 11 The Federal Reserve Board issued a circular outlining the initial scope of the 12 banks opening next Monday. In early months they will not exercise all Congress granted functions.
The board and 12 bank directors endorse a plan to accept reserves deposits and discount bills. It defines commercial paper, clarifies conditions for rediscount, and outlines currency and credit duties amid postwar changes including European capital flows and gold reserves.
In Philadelphia on November 11 the American Federation of Labor convention listened to reports from Canadian Trades and Labor Congress fraternal delegates and heard talks on preventing occupational diseases and industrial accidents.
The Grocers Baking Company plans to restart construction of a large bread bakery on East Cottage Street Dorchester after wartime delays. Building will start immediately and the plant should be ready for business in early spring. Architects are C. T. McFarland and H. W. Colby.
A humorous yarn about an eccentric campaign scene featuring Willie and a whirligig amid electioneering antics. The tale pokes fun at political stunts and playful media reactions, delivering a lighthearted Sunday gag.
The Consumers Power Company of Michigan sold 1,146,000 first lien and refunding 5 percent bonds due Jan. 1, 1936, to N. W. Harris & Company and Perry Coffin & Burr to finance part of the cost of permanent additions. The utility serves Grand Rapids Saginaw Bay City Jackson Battle Creek and other Michigan towns with population over 450,900. Gross earnings for year ending Sept 30 1914 were 3,377,089 with net 1,798,496 and bond interest 734,063. net earnings covered interest more than twofold. Dividends at 6 percent on 5,918,000 preferred stock are paid. Bonds offered at 90 and interest.
The weekly report from the Imperial Bank of Germany shows a rise in gold holdings by 27,102,000 marks. Other banks notes rose by 33,288,000 marks while loans fell 2,346,000 marks and discounts fell 130.6 percent, securities dropped 3,310,000 marks, notes in circulation declined 8,945,000 marks, and deposits decreased 23,435,000 marks.
The Third Avenue Railway Company reports figures for the year ended June 30. Comparison shows 1914 and 1918 results with gross revenues of 10,858,216 and 10,117,851, net after taxes 8,121,396 and 3,042,015, total income 38,196,042 and 8,112,186, total deductions 2,570,306 and 2,195,231, and net after deductions 626,306 and 916,958.
A stirring full page color war picture dominates the Sun day Post as reports describe the Boulder Battle of Shipka Pass. Readers glimpse dramatic action and strategic maneuvers from the ongoing theater.
Chairman Frank J. Randall of the Massachusetts Prison Commission urged state control of jails and houses of correction at a Massachusetts Charities session in Ford Hall. He argued for probation, indeterminate sentences, and after care, while County Sheriff John Quinn and several county commissioners warned of higher costs and local control.
The Holyoke Lehmann Pickett United Hebrew Benevolent Association and the State Board of Charity led a morning session on Our Law for Mothers With Dependent Children. Two sessions are planned today at Kingsley Hall and Harvard Medical School with 898 delegates registered.
The Harvard Club of Boston will hold a dinner at the club house on Tuesday November 17 to honor the Harvard Henley crew that won the Grand Challenge Cup at the English regatta last July. Speakers include captain Leverett Saltonstall and notable alumni from Harvard and the Union Boat Club.
Hank's animal friends lead him into a peck of trouble in the upcoming Sunday Post. Readers are invited to catch the adventure and see how Hank handles the situation.
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