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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 14, 1911
Page
14
Market roundup notes a creeping bull trend with New York and Boston volumes modest yet gains broadening. American Beet Sugar strong at 58 signals dividend hopes. cotton’s drop boosts textiles while Reading remains tight and risky for outsiders.
Local market activity shows Amalgamated shares steady with North Butte quick to respond Calumet & Arizona twice coming back as liquidation pauses Engineers say Calumet earns solid dividends with potential rate increases amid high prior prices Tele phones demand improves with prices, while market data shows York clearing figures and various exchange rates and money rates
Sinking fund commissioners of Newport Rhode Island awarded municipal and state bonds totaling varied amounts to firms including R L Day & Co Boston and Blodget & Co Boston. Awards cover city Providence Boston Minneapolis and New Bedford issues along with Henderson Home Funds and Massachusetts state bonds with prices ranging near par to the low hundreds.
H M Burton is elected president of the Davis Daly Company succeeding F A Heinze who resigned. Maurice Levy and F A Schirmer are re elected vice president and treasurer. The offices move from New York to Boston on Nov. L Benjamin Joy named assistant to the president of the National Shawmut Bank and will be William A Gaston's personal representative. Louisville & Nashville railroad plans to establish its own telegraph and telephone systems with authority to operate a public service.
Advertisements for securities and investments from F. W. Mason & Co. at 53 State Street Boston promote listings across multiple industries including real estate mining linen mills shoe retail and beverage holdings. Established 1895 the firm offers buying and selling of marketable securities and sends their full list on request.
In Manchester New Hampshire shareholders representing 91.7 percent of the 5 760 000 outstanding capital stock voted to convert Amoskeag Manufacturing from a corporation to a voluntary association. Each existing share will be exchanged for two shares of 4 1 2 percent preferred stock and three shares of common stock in the new entity. The Amoskeag employs about 18 000 workers in its cotton mills.
W H McElwain Co pays quarterly dividends 11 2 percent on first and second preferred and common shares to stock of record October 14 with payment November 1. Federal Sugar Refining Co declares quarterly 112 percent preferred on record October 27 and payable October 30. May Department Stores Co also reports quarterly dividends.
A compilation of stock-related dates shows various companies setting close and reopen dates for shares. Edison Electric Millinating Co Brockton Dorchester Savings Bank Silversmiths Co Gorham Mfg Co and others specify rates and cutoffs including Oct Nov dates and book closings for a range of common and preferred shares.
The calendar shows dividends payable for General Electric 2 percent Inter-Harvester 11 4 percent National Biscuit 13 4 percent National Carbon 11 2 percent Sealshipt Oyster preferred 18 4 percent United Fruit 2 percent U S Smelting 40 cents common and 7 12 cents preferred. Books close for Colorado and Southern Southern Railway preferred Ex-Dividend Mass Gas common.
Battling Nelson lands in Boston after beating Willie Beecher in New York and gears up for a Tuesday night main event at the Armory A A against Pat Moore of Philadelphia. The card features a Wolcott Lee semi final and bouts with Kid Lee, Tommy Flanagan, Timmy O Connor, and Billy Shea.
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