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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 25, 1913
Page
16
East Butte October copper production reached 1 040 pounds versus 1 273 000 pounds in September and unspecified August. Silver output stood at 39 20 ounces with September and 61 418 ounces not fully stated.
Market data shows New York closing lower with total daily sales of 575,300 shares and total year to date 76,723,000 shares. Boston traded 15,069 shares with 4,919,197 year to date. Weekly shifts include Union Bag pref gaining 92 points and Underwood Typewriter dropping to 82. Call and time money varied between New York and Boston, with rates around 3 to 5.5 percent.
Traders faced a near dead session on the New York Stock Exchange with only 57 800 shares changing hands. The lull echoed a 1888 blizzard day as analysts note hardships in railroad traffic and softer money markets while bonds and call money show easing or stable trends.
Boston stocks closed weak with only 15069 shares traded. New lows appeared for Boston and Lowell 176, Boston and Maine preferred 65, Ahmeek 230, Calumet and Hecla 390, Osceola 69, and Rotary Ring 20 cents. Copper prices sank, copper range to 32 1 4, worst since 1900, leaving a glooming close.
In Maas county Beetown to receive bids by 3 p m for 4 percent notes totaling 965 dollars dated December first and due November first, 1914. Additional issues include a 4 percent bridge and other securities with varying amounts and maturities listed, including 1914 1915 and 1916 terms.
State Street notes record low stock turnover for 1913 57 000 shares with only Steel common showing four figure business. The day saw light bond activity and a noted drop for Ramely common and Mexican Petroleum preferred to new lows. Standard Oil Kentucky plans a Dec 18 meeting to authorize stock increase and a potential 200 percent cash dividend. Mexican finance moves and Paris bankers' talks hint at bond purchases and possible new revenues impacting markets.
A circulating report suggests 16 New York banking and commission houses may withdraw from business on January 1 due to long-standing low volume and rising operating costs. No financial distress is implied.
Trading on the bond market shows a broad session with Texas & Pacific first 5s slipping to 1 point below par. The column lists U S 4s and various railroad and industrial issues with mixed bids and notable dollar volumes. Week totals show Saturday sales at $2,054,000 and year to date at $451,485,000 versus last year’s $622,424,000.
Hood Rubber Company stockholders approve issuing 10 000 additional preferred shares at par, raising total capital to 35 000 shares and 3 500 000 dollars. Directors may issue the new stock for cash at not less than par. Arthur W Woodworth's Boston Stock Exchange seat moves to Rufus L Sewall. the firm dissolves to form R L Sewall & Co on Dec 3. Woodworth retires after long service since 1898.
Max Mitchell, vice-president of the Cosmopolitan Trust Company, selected by Governor Foss as a delegate to represent Massachusetts at the International Congress of the American Roumanian Jewish emancipation committee in Berlin next January. Mitchell has long focused on sociological problems and welfare work in the city and state.
The Rev Allen A Stockdale will resign as pastor of Union Congregational Church at Columbus Avenue and West Newton Street next Sunday. He has accepted a call to First Congregational Church in Toledo Ohio and will request relief from duties at the South End church on January 1 or as soon after as possible. The Stockdales will depart amid widespread regret across church and city circles.
A Boston Post financial page previews a special article analyzing the current money supply and its impact on stock prices. The piece compares today’s cash conditions with the prior decade to show how money in circulation shapes market trends and potential Bull or Bear moves.
Eight towns are now protected from infectious disease by bacteriological stations led from Wellesley Hills. The towns named are Belmont Framingham Wellesley Needham Weston Melrose Canton and Winchester.
In several towns, sub-stations overseen by competent staff send samples to the Wellesley laboratory. Robert N. Hoyt, chief, and Miss Edith A. Beckler, bacteriologist, analyze milk monthly and cultures from eight towns for contagious diseases. Professor Harle B. Phelps organized the plan and funds from town budgets sustain the effort.
The program distributes free disinfectants to homes of the sick with nurse guidance. Inspections follow cure and fumigation. Dairies are surveyed and maps mark mosquito-prone areas where oil is sprayed. The board uses an automobile and motorcycle to speed sample transport to the lab. This strengthens disease control and protects the public.
Fred Zannah of the fishing steamer Scout suffered a fractured hip when the vessel fouled a dredger at sea as it emerged from the drawbridge. The steel shovel tore down a mast and pinned him between the pilot house and rail. He was moved to Gloucester Hospital after the bow was shoved to shore to evacuate him.
Boston University’s School of Liberal Arts suspended all classes yesterday for Professor John Eastman Clarke’s funeral at his Cambridge home 18 Centre Street. The service was led by Rev. William E Huntington assisted by Dr. Lemuel H. Marlin and Rev. Raymond Calkins. Interment is scheduled for Dell Park Cemetery Natick.
Hiram P. McKnight was found guilty yesterday of larceny for stealing $500 from John M. Layne of 473 Massachusetts avenue. He allegedly obtained the money under false pretences while claiming to back a cancer cure home with unregistered credentials. A Portsmouth Coal Company stockholders meeting in Portland, Maine, on December 3 will authorize dissolution. assets total $7,000 in cash with no debts.
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