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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 28, 1913
Page
14
Trading strengthens with brisk cover and fresh buying as Amalgamated, Reading, Canadian Pacific and Union lines lead gains. Local listings show notable improvement in overall market mood amid renewed demand and stronger prices.
Yesterday's market totals show New York sales at 227 900 shares and Boston at 15 357 shares. The greatest New York gain was Texas Co. 5 to 115 while Lorillard Co. fell to 162. in Boston Greene Cananea rose to 29 1 4 and McElwain 1st prof. dropped to 99. Call and time money trends are listed for New York and Boston.
In quiet trading on Oct 2 New York stocks rose generally with little volume. The market showed steady strength aided by lower German rates and some outside buying in high priced issues. Rock Island issues advanced while New Haven securities fluctuated from weak to solid, aided by bond strength and renewed rally.
Directors declare a dividend of fifty cents per share payable November 26 to stockholders of record at noon on November 1, 1913. Signed HH Mellin secretary.
The Boston market reports an improved New York tone with gains across stocks. Steel common rises to 58 7 8, Amalgamated Alaska Gold Butte Ballaklava Greene Cananea Granby and Boston Maine advance, while Butte Ballaklava sees heavy western demand. Bond interest rises for New Haven 6s and Telephone 4s as investors show optimism. The close is notably firm.
State Street notes the third quarter US Steel earnings around 40 million, 9 months total near 115.647 million, with year end forecast 150 million after adjustments. Depreciation and preferred dividends cut the common share amount to about 70 million, implying a 13.7 percent earning rate to cover a 5 percent dividend. Municipal bonds surge with Oct 1 to date sales up 10 million amid 20 year low yields and tax effects.
The Sealshipt Oyster Company convened in New York with many stockholders. President Underwood admits the firm has lost money due to high property costs and overoptimistic valuations. Bank loans totaled 2.5 million dollars with assets once estimated at 5 million bushels valued at 2.9 million, later revised to 4 million bushels at 1.6 million.
Books close for New Cent coal and Reading Co to holders of record on dates in parentheses. Books open for Balt Ohio Fall River Gas Works meetings. Annual meetings listed for Detroit and Mackinac, International Trac, Pittsburg Steel, Willys Overland. Metal markets quote copper tin lead spelter antimony and iron prices on the New York Metal Exchange with spot, future, and regional figures.
International Harvester declares a regular quarterly dividend of 13 4 percent payable December 1 to holders of record November 10. Diamond Match proclaims a quarterly dividend of 14 percent with xx cents payable December 15 to holders of record November 29. Standard Consolidated Mining pays 25 cents with books closing November 3. Dow Chemical pays 1 percent on November 25 with books closing November 15. Ohio Traction declares a regular 14 percent dividend on preferred stock payable November 1 to records October 27.
Blake Bros. & Co occupy new offices in the Merchants Bank Building while Thompson, Towle & Co close their Memphis Tennessee office. The Boston Stock Exchange plans to close on election day Tuesday November 4. United States Smelting Company expands by acquiring low grade gold properties in the Juneau Alaska district to operate on a large scale. Bay Consolidated reports copper output of 4 470 550 pounds in the latest month with prior months showing 4 401 566 and 4 097 000 pounds. For the year to date Bay has produced 38 741 000 pounds of copper, compared with 2 270 000 in the same period of 1912 and 8 115 000 in the first nine months of the year.
Mayor Fitzgerald says Finance Commission should supply more campaign material as they oppose an underground fire alarm station, while the Chamber of Commerce endorses the project after expert study costing $40 000. He vows to run again if given such material.
Prices tended to harden with mention of Virginia deferred 6s Rock Island issues Brooklyn Rapid Transit 4s and New York New Haven Hartford convertibles as principal features in today’s trading notes.
James P. Magenis a Finance Commission member, asked the Citizens' Municipal League advisory committee not to consider his name for mayoral race. The committee response said his wishes would be respected and he would be withdrawn from consideration.
Parker D. Morris urged naming John A. Keliher from a field of 20 while Judge Edward L. Logan and Judge Michael J. Murray were added to the list. The advisory league committee asked candidates to appear and considered possible contenders including Councillor Daniel J. McDonald George W. Coleman and Henry K. E. Hagan as mayoralty nominees.
Roy H. Davidson 19 of Malden was knocked down and severely injured by a runaway horse attached to a Dorchester Express Company wagon. The horse, driven by Joseph Duchani, bolted from Columbia Road to Hancock Street, tipped the wagon, then dashed onto Blue Hill Avenue where Davidson suffered a fractured left ankle in front of 781 Blue Hill Avenue.
Police search for two young men after three women were robbed at dark city locations. Victim Mrs. L. J. Smith of 36 Rock Valley Avenue reported the first theft near Pleas ant Street and Broadway, with about $5 taken. The other two women declined to identify themselves.
Dealers quoted steak cod at 91.4 cents per pound and market cod at 33.4 cents with haddock five cents and steak pollock four and a third cents. Vessels arrived with mackerel at 51.2 to 51.4 cents. ground fish counts include steam trawlers Billow and Crest and many schooners with totals ranging from 10,000 to 78,000 pounds. The Cibao sailed from Port Antonio with a fruit cargo for United Fruit Company. other steamers reported sailing or docking with varied cargoes and passenger lists. Imports for the week ended Oct 4 totalled 2,567,002 dollars. exports reached 2,474,040 dollars, with tariff reductions cited as a reason for import gains. The fleet and port activity extend to numerous named vessels and destinations, including ships from Antwerp to Boston, and multiple cargo and tow operations along the Atlantic coast.
Shipping news lists steamers and schooners arriving and clearing, including Menominee Anfindsen Antwerp and many others traveling to and from Newport News Norfolk Boston Philadelphia and Portland. Towing vessels and barges accompany several vessels as ports and destinations are indicated for each craft.
The article previews a financial page feature that will explain underwriting in general. It cites Pujo committee and New Haven bond issue investigations and promises illustrations of famous underwriting cases for ordinary business readers.
A bronze statue titled The Country School Boy of 18h0 was unveiled in Ashburnham by Alfred A. Adams of New York. Funded by Ivers Whitney Adams of Boston, the 12 foot figure shows a barefoot boy with an apple, a book, and a slate. The statue faces Cushing Academy, honoring Mr. Adams’ school days. Professors Cowell and Lane spoke, with Melvin O. Adams also featured.
In Ashburnham on Oct 27 Cushing Academy routed Lawrence Academy 38 to 0. The game was one sided with many substitutions early as Booth and Murray stood out for the visitors.
Commonwealth of Massachusetts probate notice cites all interested in lands of Thomas F. Kearney late of Boston Suffolk County. Martha J. Kearney asks for dower and urges a court assignment on November 6 1913. Citation requires service or weekly publication for three weeks in the Boston Post and postal mailing fourteen days prior. Witness Judge Robert Grant dated September 15 1913.
Commonwealth of Massachusetts Board of Bank Incorporation schedules a public hearing at Room 124 State House Boston October 29 1913 on formation of North America Trust Company to be located in Boston. Also notices regarding absence of support for maintenance of spouses and division of property, with legal advisory line from Atkinson Law Office.
Suffolk, October 21 1913 Boston. On October 28 1913 at 11 o clock a.m. public auction will sell at Suffolk Storage Warehouse Company No 100 Northampton Street Boston personal property seized on execution including two mahogany roll top desks swivel chairs desks filing cabinet and other office furnishings. Deputy Sheriff Peter P Feas.
For sale 10 000 pairs of heavy gray blankets full size 60 by 76 full weight price 1 25 per pair mail orders sent parcel post paid to any address in New England on receipt of money order. Daniel O Neill 4 Edith St Everett Mass FO Bac enee wooden tanks 480 9200 gallons Bay State Distilling Co East Cambridge
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