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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 03, 1914
Page
14
A comparative statement shows the Winchester Laundry Company’s monthly volumes for 1913 and 1914, with gains per month against the prior year. It also reports the fiscal year ending February 1, 19M versus the corresponding prior year, detailing total revenue figures and percentage gains.
A bondholders committee forms over the Chicago, Peoria & St. Louis mortgage default. Bank and mining news cover Brazil coffee financing, Chile nitrate exports, and Atlantic trade moves. Terminals report dividends, suspensions, production, and stock actions across the United States and Canada.
Common dividend No 13 a quarter dividend of 2.25 per share on El Agro Electric Company stock payable September 15 1914 to stockholders of record at close of business September 5 1914. SVONE WEBSTER Transfer Agents.
The grain markets showed modest gains with September wheat up 1 cent and corn options up about 1 1 4 to 1 7 8 cents. Weather and war fears boosted demand for wheat and flour, while cotton prices slipped to 6 1/2 to 8 cents amid bank loan considerations and potential warehouse financing.
In New York reporting Sept 2, London rates eased mildly as investors priced in the British moratorium. Banks reportedly bought limited American bills, while exchange drifted 1-4 to 1-2 cent lower. Local money markets showed little change with cash supplies tight and some banks holding reserves intact.
American Can Company declares 1 34 percent preferred dividends payable Oct 1 to shareholders of record Sept 16. New York Transit cuts to 5 percent payable Oct 15 to record Sept 24. Hercules Powder 11 2 percent on common payable Sept 25 with books close Sept 16-25. Borne Scrymser 20 dollars per share payable Oct 15. American Tobacco 11 2 percent on preferred payable Sept 15. American Smelters securities 11 2 percent on A and 11 4 percent on B payable Oct 1 to record Sept 18. Lorillard 21 2 percent common and 18 4 percent preferred payable Sept 15. American Cigar 11 2 percent on preferred Sept 15. George W Helme 2 1 2 percent common and 1 3 1 percent on preferred payable. Weyman Bruton 3 percent common and 1 3 4 percent preferred payable. Interborough Rapid Transit 2 1 2 percent payable Oct 1 to record Sept 14. Reo Motor Car 15 percent dividend payable Oct 1 1914, split into 2 12 percent regular and 12 12 percent extra. Reo Motor Truck also declared 10 percent payable the same date.
Boston money market quotes show customers loans before stock exchange close at 7 3 10 percent. Outside brokers loans at 8 percent. Loans since close at 8 percent. Customers commercial loans 6 percent and up. Commercial paper 7 percent and upward. Year money 6 percent and upward.
Baron John Henry de Villiers chief justice of the Union of South Africa Supreme Court died in Pretoria at age 60. He formerly served as attorney-general and minister of mines in the Botha cabinet and was created a baron in 190. He was born in 1842.
Panama city September 2 an important treaty grants the United States control over the waters of Colon and Ancon harbors plus other valuable rights. The agreement was signed by William Jennings Price American minister and Ernesto T Lefevre Panama secretary of foreign relations.
Negotiations on the convention stretch four years with a recent pause. The pact replaces the Davis agreement and expands U S control over Canal Zone waters and key harbors. Las Sabanas lands are ceded to Panama while Colón and Ancon harbors and Battery Hancock sites gain U S status. Ratification moves to Washington and Panama City senates.
Massachusetts reports 7982.82 pledged to the Red Cross European war fund with additional county and local chapters raising clothing and medical supplies. Louise P. Loring of Boston named emergency secretary as efforts to establish state headquarters continue alongside widespread women’s committees and numerous individual donations to date.
Fresh eggs advanced two and three cents a dozen and Mocha and Java coffee rose three cents a pound yesterday. Wheat rose a cent a bushel in the West, but local flour dealers kept prices steady. Sugar remained unchanged at wholesale and retail, while New York reports indicate raw sugar spot quotes fell to 6.01 cents.
Meats except fresh pork ribs were flat while provisions dairy poultry vegetables and fish showed little change. Modia and Java coffee rose to 43 cents per pound and whisky and gin prices fell after war zone release. Boston flour receipts rose week over week and on year comparison, with August totals down from last year.
The American cruiser Tennessee will serve as a ferry to transport Americans from Havre to England. The ship will rush Americans in Paris to Havre and, if needed, provide transport across the channel. French and British authorities coordinate trains and port options to move travelers quickly.
Demand stayed low due to war price panic but dealers expect to refill inventories before summer visitors return after Labor Day. Retailers anticipate a renewed buying surge as the season shifts.
Washington dispatch reports James C. McReynolds will swear in as associate justice of the United States with Chief Justice White administering the oath. T. W. Gregory will become attorney general first per official sequence. The two ceremonies follow at the Supreme Court.
A vice President Marshal statement that President Wilson should seek re election in 1916 and be the party’s unanimous choice aroused interest in Congress. White House officials declined comment. Democratic circles expect a presidential run though Wilson has not addressed the question.
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